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

Shoals Technologies has reported Operating Expenses for 7 years, with the latest figure 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.
• The five-year high for Operating Expenses was $33.3 million in Q1 2026, with the low at $15.6 million in Q2 2022.
• Historically, Operating Expenses has averaged $22.9 million across 5 years, with a median of $23.5 million in 2023.
• Annual changes were most pronounced in 2022 — Operating Expenses surged 83.31% — and 2024, when it retreated 15.65%.
• Shoals Technologies' Operating Expenses stood at $17.0 million in 2022, then jumped by 38.25% to $23.5 million in 2023, then rose by 0.81% to $23.7 million in 2024, then gained by 24.51% to $29.5 million in 2025, then rose 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.