Shoals Technologies (SHLS) Interest Expenses (2020 - 2026)
Shoals Technologies (SHLS) reported Interest Expenses of $2.9 million for Q1 2026, up 20.21% on a YoY basis from $2.4 million in Q1 2025, and up 15.61% quarter-over-quarter from $2.5 million in Q4 2025.
Shoals Technologies (SHLS) Interest Expenses (2020 - 2026) Analysis & Trends
Shoals Technologies has reported Interest Expenses for 7 years, with the latest figure 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.
- The five-year high for Interest Expenses was $6.5 million in Q2 2023, with the low at $2.2 million in Q2 2025.
- Historically, Interest Expenses has averaged $4.1 million across 5 years, with a median of $3.8 million in 2022.
- Annual changes were most pronounced in 2022 — Interest Expenses jumped 58.82% — and 2024, when it plunged 49.81%.
- Shoals Technologies' Interest Expenses stood at $5.8 million in 2022, then retreated by 1.35% to $5.7 million in 2023, then tumbled by 48.88% to $2.9 million in 2024, then retreated by 13.83% to $2.5 million in 2025, then increased 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) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 7.62 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | - |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 633,000.00 |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | - |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | - |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 2.90 Mn |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 5.56 Mn |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | - |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | 1,000.00 |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |