Growth Metrics

Shoals Technologies (SHLS) Interest Expenses (2020 - 2026)

Shoals Technologies posted quarterly Interest Expenses of $2.9 million for Q1 2026, up 20.21% year-on-year from $2.4 million in Q1 2025, and up 15.61% on a QoQ basis from $2.5 million in Q4 2025.

Shoals Technologies (SHLS) has 7 years of Interest Expenses data on file, last reported at $2.9 million in Q1 2026.

  • For the quarter ending Q1 2026, Interest Expenses rose 20.21% year-over-year to $2.9 million; the trailing twelve-month figure through Mar 2026 stood at $10.5 million (down 10.92% YoY), and the FY2025 full-year result was $10.0 million, down 27.72% from the prior year.
  • Interest Expenses for Q1 2026 stood at $2.9 million, up from $2.5 million in the prior quarter.
  • Across five years, Interest Expenses topped out at $6.5 million in Q2 2023 and bottomed at $2.2 million in Q2 2025.
  • The 5-year median for Interest Expenses is $3.8 million (2022), against an average of $4.1 million.
  • The widest annual swing landed in 2022, when Interest Expenses jumped 58.82%; it then slumped 49.81% in 2024.
  • A 5-year view of Interest Expenses shows it stood at $5.8 million in 2022, then decreased by 1.35% to $5.7 million in 2023, then slumped by 48.88% to $2.9 million in 2024, then decreased by 13.83% to $2.5 million in 2025, then rose by 15.61% to $2.9 million in 2026.
  • The last three Interest Expenses figures came in at $2.9 million (Q1 2026), $2.5 million (Q4 2025), and $2.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Int Expense (Qtr)
1 First Solar 26.65 Bn 24.22 Bn 486.13 Mn 7.62 Mn
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn -
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn -48.46 Mn
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn 633,000.00
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn -
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn -
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn 2.90 Mn
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn 5.56 Mn
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn -
10 Tigo Energy 288.14 Mn 276.56 Mn 10.79 Mn 1,000.00

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 2.90 Mn
Mar 31, 2026 2.90 Mn
Dec 31, 2025 2.51 Mn
Dec 31, 2025 2.51 Mn
Sep 30, 2025 2.83 Mn
Sep 30, 2025 2.83 Mn
Jun 30, 2025 2.24 Mn
Jun 30, 2025 2.24 Mn
Mar 31, 2025 2.42 Mn
Mar 31, 2025 2.42 Mn
Dec 31, 2024 2.91 Mn
Dec 31, 2024 2.91 Mn
Sep 30, 2024 3.17 Mn
Sep 30, 2024 3.17 Mn
Jun 30, 2024 3.27 Mn
Jun 30, 2024 3.27 Mn
Mar 31, 2024 4.48 Mn
Mar 31, 2024 4.48 Mn
Dec 31, 2023 5.70 Mn
Dec 31, 2023 5.70 Mn
Sep 30, 2023 5.90 Mn
Sep 30, 2023 5.90 Mn
Jun 30, 2023 6.51 Mn
Jun 30, 2023 6.51 Mn
Mar 31, 2023 6.00 Mn
Mar 31, 2023 6.00 Mn
Dec 31, 2022 5.78 Mn
Dec 31, 2022 5.78 Mn
Sep 30, 2022 4.75 Mn
Sep 30, 2022 4.75 Mn
Jun 30, 2022 4.17 Mn
Jun 30, 2022 4.17 Mn
Mar 31, 2022 3.84 Mn
Mar 31, 2022 3.84 Mn
Dec 31, 2021 3.64 Mn
Dec 31, 2021 3.64 Mn
Sep 30, 2021 3.58 Mn
Sep 30, 2021 3.58 Mn
Jun 30, 2021 3.62 Mn
Jun 30, 2021 3.62 Mn
Mar 31, 2021 3.71 Mn
Mar 31, 2021 3.71 Mn
Dec 31, 2020 2.91 Mn
Dec 31, 2020 2.91 Mn
Sep 30, 2020 104,000.00
Sep 30, 2020 104,000.00
Jun 30, 2020 225,000.00
Jun 30, 2020 225,000.00
Mar 31, 2020 272,000.00
Mar 31, 2020 272,000.00