SHENANDOAH TELECOMMUNICATIONS CO/VA/ SHEN

Communication services SIC 4813 - Telephone Communications (No Radiotelephone) NAICS Information › Telecommunications › Wired and Wireless Telecommunications (except Satellite) › Wired and Wireless Telecommunications Carriers (except Satellite) › Wired Telecommunications Carriers derived Nasdaq

Shenandoah Telecommunications Company and its subsidiaries ("Shentel", "we", "our", "us", or the "Company"), provide broadband services through its high speed, state-of-the-art fiber-optic and cable networks to customers in eight contiguous states in the eastern United States. The Company's services include: broadband internet, video and voice; high-speed Ethernet, dark fiber leasing; and managed network services. The Company owns an extensive regional network with approximately 19,000 route miles of fiber. For more information, please visit www.shentel.com.

Shentel provides broadband data, video and voice services to residential and commercial customers in portions of Virginia, West Virginia, Maryland, Pennsylvania, Kentucky, Delaware, Ohio and Indiana, via fiber optic and hybrid fiber coaxial ("HFC") cable networks. We also lease dark fiber and provide Ethernet and Wavelength fiber optic services to enterprise and wholesale customers throughout the entirety of our service area. Shentel's Broadband business also provides voice and digital subscriber line ("DSL") services as a Rural Local Exchange Carrier ("RLEC") to customers in Shenandoah County and portions of adjacent counties in Virginia, and in Ross County and portions of adjacent counties in Ohio. The Company served approximately 262,000 Revenue Generating Units ("RGUs") at December 31, 2025.

Last close 10.35 2026-10-23
Market cap $572.6M 2026-03-31 share count
52-week range 9.54 - 17.34

Valuation FY2025 figures against the last close

P/S1.6x
P/E—
P/FCF—
EV/EBITDA11.0x
Dividend yield1.1%
Diluted EPS-0.71

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $357.9M$328.1M$269.1M$248.9M$245.2M$220.8M$206.9M$192.7M$612.0M$535.3M
Cost of revenue ————————$211.5M$193.5M
Gross profit ————————$400.5M$341.8M
SG&A $118.2M$115.2M$99.3M$91.1M$82.5M$85.0M$77.8M$70.8M$165.9M$133.3M
Total operating expenses $381.1M$356.6M$269.0M$266.4M$247.7M$223.4M$208.2M$195.7M$565.5M$512.8M
Operating income -$23.2M-$28.6M$142.0K-$17.5M-$2.4M-$2.6M-$1.3M-$3.0M$46.5M$22.5M
Interest expense $25.4M$15.9M$4.2M$1.6M$2.6M—$29.5M$34.8M$38.2M$25.1M
Pre-tax income -$41.9M-$38.0M$1.5M-$18.8M$6.2M$586.0K$1.9M$734.0K$13.3M$1.9M
Income tax $8.9M$9.7M$501.0K$3.4M$1.7M$990.0K$6.0K$1.3M$53.1M$2.8M
Net income -$32.9M$193.8M$8.0M-$8.4M$998.8M$125.7M$55.5M$46.6M$66.4M-$895.0K
EPS, basic -0.713.540.16-0.1719.972.521.110.941.35-0.02
EPS, diluted -0.713.540.16-0.1719.922.511.110.931.33-0.02
Shares, diluted (wtd. avg.) 55.1M53.7M50.7M50.2M50.1M50.0M50.1M50.1M50.0M48.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $27.3M$46.3M$139.3M$44.1M$84.3M$195.4M$101.7M$85.1M$78.6M$36.2M
Receivables $31.5M$29.7M$19.8M$20.6M$22.0M$70.4M$63.6M$54.4M$54.2M$69.8M
Inventory ——————$5.7M$5.3M$5.7M$39.0M
Total current assets $97.4M$94.5M$176.1M$128.6M$166.4M$1.41B$241.9M$210.2M$172.9M$161.5M
Property, plant and equipment $1.60B$1.44B$850.3M$687.6M$554.2M$440.4M$363.1M$701.4M$686.3M$698.1M
Goodwill $67.5M$67.1M————$149.1M$146.5M$146.5M$145.3M
Other intangibles $89.4M$90.7M$81.1M$81.5M$89.8M$106.8M$88.2M$366.0M$381.0M$454.5M
Total assets $1.91B$1.74B$1.21B$977.7M$890.7M$2.02B$1.90B$1.48B$1.41B$1.48B
Accounts payable $61.4M$57.8M$53.5M$49.2M$28.5M$19.6M$40.3M$36.0M$29.0M$72.8M
Short-term debt $0$9.2M$7.1M$648.0K$0$688.5M$31.6M$20.6M$64.4M$32.0M
Total current liabilities $108.5M$114.6M$98.4M$96.4M$67.3M$1.21B$153.6M$88.5M$137.6M$164.3M
Long-term debt $628.2M$407.7M$292.8M$74.3M$0$0$688.5M$749.6M$757.6M$797.2M
Retained earnings $723.6M$769.0M$584.1M$580.6M$592.9M$534.4M$425.7M$384.7M$297.2M$243.6M
Total equity $880.8M$918.6M$652.7M$638.0M$642.3M$577.1M$468.1M$440.4M$352.2M$295.9M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $101.0M$62.6M$113.8M$74.9M-$250.9M$302.9M$259.1M$265.6M$222.9M$161.5M
Depreciation and amortisation $129.7M$96.9M$62.9M$65.8M$55.2M$48.7M$46.8M$44.4M$177.0M$124.0M
Stock-based compensation $9.6M$9.8M$10.0M$8.5M$3.4M$5.9M$3.4M$4.7M$3.6M$3.0M
Capital expenditure $358.9M$319.1M$255.1M$189.0M$160.1M$120.5M$67.0M$56.6M$146.5M$173.2M
Investing cash flow -$294.7M-$339.4M-$236.7M-$184.2M$1.78B-$155.6M-$165.3M-$187.8M-$151.5M-$820.0M
Financing cash flow $195.6M$183.9M$218.1M$69.0M-$1.64B-$53.5M-$77.2M-$71.3M-$29.0M$617.9M
Dividends paid $6.4M$5.8M$4.5M$4.0M$940.3M$16.4M$13.9M$12.9M$12.3M$11.7M
Buybacks ————$0$0$7.2M$0$0$5.1M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000354963-26-000125.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B Revenue, FY2016: 535.3M Gross profit, FY2016: 341.8M Net income, FY2016: -895K Revenue, FY2017: 612M Gross profit, FY2017: 400.5M Net income, FY2017: 66.4M Revenue, FY2018: 192.7M Net income, FY2018: 46.6M Revenue, FY2019: 206.9M Net income, FY2019: 55.5M Revenue, FY2020: 220.8M Net income, FY2020: 125.7M Revenue, FY2021: 245.2M Net income, FY2021: 998.8M Revenue, FY2022: 248.9M Net income, FY2022: -8.4M Revenue, FY2023: 269.1M Net income, FY2023: 8M Revenue, FY2024: 328.1M Net income, FY2024: 193.8M Revenue, FY2025: 357.9M Net income, FY2025: -32.9M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $535.3M $612.0M $192.7M $206.9M $220.8M $245.2M $248.9M $269.1M $328.1M $357.9M
Gross profit $341.8M $400.5M — — — — — — — —
Net income -$895.0K $66.4M $46.6M $55.5M $125.7M $998.8M -$8.4M $8.0M $193.8M -$32.9M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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