Shenandoah Telecommunications Co (SHEN) Financial Statements
Industry: Telephone Communications (No Radiotelephone)
In fiscal 2025, Shenandoah Telecommunications reported revenue of $357.9M, up 9.1% from $328.1M the year before. Net income was -$32.9M (a -9.2% net margin), or -$0.71 per diluted share. Gross margin was -6.5% and operating margin was -6.5%. Operating activities generated $101.0M of cash, leaving -$257.9M of free cash flow. At fiscal year end, Shenandoah Telecommunications held $1.91B in total assets against $1.03B in total liabilities, including $27.3M of cash and equivalents.
Open the full interactive Shenandoah Telecommunications financials → Quarterly statements, key ratios, valuation history and price charts.
Shenandoah Telecommunications Key Stats
| Share Price | $10.52 |
|---|---|
| Market Cap | $586.8M |
| Revenue YoY Growth | +9.1% |
| 52-Week Range | $9.90 – $17.10 |
| Shares Outstanding | 55.8 million (basic, 2026 Q2) |
Shenandoah Telecommunications Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $220.8M | $245.2M | $267.4M | $287.4M | $328.1M | $357.9M |
| Cost of Goods Sold | — | — | — | — | $356.6M | $381.1M |
| Gross Profit | — | — | — | — | -$28.6M | -$23.2M |
| Operating Income | -$1.1M | -$2.4M | -$8.0M | $9.6M | -$28.6M | -$23.2M |
| Pre-Tax Income | $2.0M | $6.2M | -$9.3M | $11.0M | -$38.0M | -$41.9M |
| Income Tax | -$586,000 | -$1.7M | -$927,000 | $3.0M | -$9.7M | -$8.9M |
| Net Income | $126.7M | $998.8M | -$8.4M | $8.0M | $193.8M | -$32.9M |
| Diluted EPS | $2.53 | $19.92 | -$0.17 | $0.16 | $3.54 | -$0.71 |
Shenandoah Telecommunications Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $89.8M | $91.6M | $92.2M | $93.5M |
| Net Income | -$9.4M | -$5.4M | -$15.8M | -$7.7M |
| Diluted EPS | -$0.20 | -$0.10 | -$0.31 | -$0.17 |
Shenandoah Telecommunications Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $195.4M | $84.3M | $44.1M | $139.3M | $46.3M | $27.3M |
| Current Assets | $1.41B | $166.4M | $128.6M | $176.1M | $94.5M | $97.4M |
| Total Assets | $2.03B | $890.7M | $977.7M | $1.21B | $1.74B | $1.91B |
| Current Liabilities | $1.21B | $67.3M | $96.4M | $98.4M | $114.6M | $108.5M |
| Total Long-Term Debt | $697.9M | — | $75.0M | $299.9M | $416.9M | $642.4M |
| Total Liabilities | $1.45B | $248.5M | $339.7M | $561.6M | $821.7M | $1.03B |
| Shareholders' Equity | $582.4M | $642.3M | $638.0M | $652.7M | $918.6M | $880.8M |
Shenandoah Telecommunications Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $302.9M | -$250.9M | $74.9M | $113.8M | $62.6M | $101.0M |
| Cash From Investing | -$155.6M | $1.78B | -$184.2M | -$236.7M | -$339.4M | -$294.7M |
| Cash From Financing | -$53.5M | -$1.64B | $69.0M | $218.1M | $183.9M | $195.6M |
| Free Cash Flow | $182.4M | -$411.0M | -$114.7M | -$142.8M | -$256.5M | -$257.9M |
Figures from Shenandoah Telecommunications' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Shenandoah Telecommunications financials page for every line item.
Shenandoah Telecommunications Company Profile
| Ticker | SHEN |
|---|---|
| Exchange | Nasdaq |
| Industry | Telephone Communications (No Radiotelephone) |
| Headquarters | Edinburg, Virginia |
| Incorporated in | Virginia |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000354963 |
Frequently Asked Questions
What was Shenandoah Telecommunications' revenue in fiscal 2025?
Shenandoah Telecommunications (SHEN) reported revenue of $357.9M for fiscal 2025.
What is Shenandoah Telecommunications' annual revenue history?
Shenandoah Telecommunications' annual revenue by fiscal year: 2020: $220.8M; 2021: $245.2M; 2022: $267.4M; 2023: $287.4M; 2024: $328.1M; 2025: $357.9M.
What was Shenandoah Telecommunications' net income in fiscal 2025?
Shenandoah Telecommunications reported net income of -$32.9M for fiscal 2025.
What was Shenandoah Telecommunications' earnings per share (EPS) in fiscal 2025?
Shenandoah Telecommunications' diluted EPS was -$0.71 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Shenandoah Telecommunications generate in fiscal 2025?
Shenandoah Telecommunications generated -$257.9M of free cash flow in fiscal 2025.
What was Shenandoah Telecommunications' revenue last quarter?
In its most recent reported quarter (2026 Q2), Shenandoah Telecommunications reported revenue of $93.5M.
How much debt does Shenandoah Telecommunications have?
Shenandoah Telecommunications reported $642.4M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Shenandoah Telecommunications are outstanding?
Shenandoah Telecommunications reported a weighted average of 55.8 million basic shares outstanding in 2026 Q2.
What is Shenandoah Telecommunications' market cap?
Based on its latest closing price, Shenandoah Telecommunications (SHEN) has a market capitalization of about $586.8M.
When does Shenandoah Telecommunications' fiscal year end?
Shenandoah Telecommunications' fiscal year end, as registered with the SEC, is December 31.
Where is Shenandoah Telecommunications headquartered?
Shenandoah Telecommunications lists its business address in Edinburg, Virginia in its SEC filings.
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