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

Shoals Technologies' Operating Expenses history runs 7 years deep, the most recent figure standing at $33.3 million for Q1 2026.

• Quarterly Operating Expenses rose 39.72% year-over-year to $33.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $119.6 million (up 33.17% YoY) and the FY2025 annual result came in at $110.1 million, up 21.22% from the prior year.
• Operating Expenses was $33.3 million for Q1 2026 at Shoals Technologies, up from $29.5 million in the prior quarter.
• Across five years, Operating Expenses topped out at $33.3 million in Q1 2026 and bottomed at $15.6 million in Q2 2022.
• A 5-year average of $22.9 million and a median of $23.5 million in 2023 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2022 — Operating Expenses surged 83.31% — and 2024, when it dropped 15.65%.
• Shoals Technologies' Operating Expenses stood at $17.0 million in 2022, then soared by 38.25% to $23.5 million in 2023, then advanced by 0.81% to $23.7 million in 2024, then climbed by 24.51% to $29.5 million in 2025, then advanced by 12.82% to $33.3 million in 2026.
• Business Quant data shows SHLS's Operating Expenses at $33.3 million in Q1 2026, $29.5 million in Q4 2025, and $31.6 million in Q3 2025.