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

Shoals Technologies (SHLS) has 7 years of Operating Expenses data on file, last reported at $33.3 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 39.72% year-over-year to $33.3 million; the trailing twelve-month figure through Mar 2026 stood at $119.6 million (up 33.17% YoY), and the FY2025 full-year result was $110.1 million, up 21.22% from the prior year.
• Operating Expenses for Q1 2026 stood at $33.3 million, 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.
• The 5-year median for Operating Expenses is $23.5 million (2023), against an average of $22.9 million.
• The widest annual swing landed in 2022, when Operating Expenses surged 83.31%; it then retreated 15.65% in 2024.
• A 5-year view of Operating Expenses shows it stood at $17.0 million in 2022, then surged by 38.25% to $23.5 million in 2023, then gained by 0.81% to $23.7 million in 2024, then advanced by 24.51% to $29.5 million in 2025, then gained by 12.82% to $33.3 million in 2026.
• The last three Operating Expenses figures came in at $33.3 million (Q1 2026), $29.5 million (Q4 2025), and $31.6 million (Q3 2025), per Business Quant data.

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