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Shoals Technologies (SHLS) Operating Expenses (2020 - 2025)

Shoals Technologies (SHLS) has disclosed Operating Expenses for 6 consecutive years, with $29.5 million as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses rose 24.51% year-over-year to $29.5 million, compared with a TTM value of $110.1 million through Dec 2025, up 21.22%, and an annual FY2025 reading of $110.1 million, up 21.22% over the prior year.
  • Operating Expenses was $29.5 million for Q4 2025 at Shoals Technologies, down from $31.6 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $31.6 million in Q3 2025 and bottomed at $8.9 million in Q1 2021.
  • Average Operating Expenses over 5 years is $20.1 million, with a median of $21.1 million recorded in 2024.
  • The sharpest move saw Operating Expenses skyrocketed 118.59% in 2021, then decreased 15.65% in 2024.
  • Year by year, Operating Expenses stood at $13.2 million in 2021, then rose by 28.41% to $17.0 million in 2022, then soared by 38.25% to $23.5 million in 2023, then increased by 0.81% to $23.7 million in 2024, then rose by 24.51% to $29.5 million in 2025.
  • Business Quant data shows Operating Expenses for SHLS at $29.5 million in Q4 2025, $31.6 million in Q3 2025, and $25.2 million in Q2 2025.