gross profit bridgeinconsistent2017-12-31
Withheld: gross profit could not be reconciled with the rest of this filer’s statement.
Revenue
$357.85M
Fiscal year ended 2025-12-31Operating income
-$23.24M
Fiscal year ended 2025-12-31Free cash flow
-$257.92M
Fiscal year ended 2025-12-31SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN) reported revenue of $357.85M and net income of -$32.94M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from SHENANDOAH TELECOMMUNICATIONS CO/VA/’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Telephone Communications (No Radiotelephone).
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $357.85M | $328.06M | $269.13M | $248.91M | $245.24M | $220.78M | $206.86M | $192.68M | $611.99M | $535.29M |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $211.51M | $193.52M |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating income | -$23.24M | -$28.59M | $142.00K | -$17.46M | -$2.43M | -$2.60M | -$1.34M | -$2.97M | $46.51M | $22.53M |
| Net income | -$32.94M | $193.82M | $8.04M | -$8.38M | $998.83M | $125.67M | $55.50M | $46.60M | $66.39M | -$895.00K |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 55.10M | shares 53.72M | shares 50.72M | shares 50.16M | shares 50.15M | shares 50.02M | shares 50.10M | shares 50.06M | shares 50.03M | shares 48.81M |
| Pretax income | -$41.86M | -$38.03M | $1.52M | -$18.82M | $6.24M | $586.00K | $1.94M | $734.00K | $13.26M | $1.94M |
| Income tax expense | -$8.91M | -$9.67M | $501.00K | -$3.40M | -$1.69M | -$990.00K | $6.00K | -$1.34M | -$53.13M | $2.84M |
| Diluted EPS | $-0.71 | $3.54 | $0.16 | $-0.17 | $19.92 | $2.51 | $1.11 | $0.93 | $1.33 | $-0.02 |
| Selling, general & administrative | $118.19M | $115.19M | $99.30M | $91.11M | $82.45M | $85.02M | $77.85M | $70.84M | $165.94M | $133.32M |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $27.26M | $46.27M | $139.26M | $44.06M | $84.34M | $195.40M | $101.65M | $85.09M | $78.58M | $36.19M |
| Total assets | $1.91B | $1.74B | $1.21B | $977.72M | $890.73M | $2.02B | $1.90B | $1.48B | $1.41B | $1.48B |
| Current assets | $97.44M | $94.52M | $176.07M | $128.56M | $166.37M | $1.41B | $241.85M | $210.20M | $172.90M | $161.46M |
| Total liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current liabilities | $108.50M | $114.57M | $98.36M | $96.42M | $67.29M | $1.21B | $153.58M | $88.54M | $137.58M | $164.26M |
| Total equity incl. NCI | $880.78M | $918.58M | $652.67M | $638.01M | $642.28M | $577.05M | $468.14M | $440.39M | $352.21M | $295.89M |
| Temporary (mezzanine) equity | $88.51M | $82.46M | $0 | $0 | $0 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $5.73M | $5.26M | $5.70M | $39.04M |
| Accounts receivable | $31.50M | $29.72M | $19.78M | $20.62M | $22.00M | $70.39M | $63.64M | $54.41M | $54.18M | $69.79M |
| Goodwill | $67.54M | $67.06M | Unavailable | Unavailable | Unavailable | Unavailable | $149.07M | $146.50M | $146.50M | $145.26M |
| Long-term debt | $628.24M | $407.68M | $292.80M | $74.31M | $0 | $697.92M | $688.46M | $720.11M | $757.56M | $797.22M |
| Accounts payable | $61.36M | $57.82M | $53.55M | $49.17M | $28.54M | $19.60M | $40.30M | $35.99M | $28.95M | $72.81M |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $101.00M | $62.57M | $113.77M | $74.90M | -$250.93M | $302.87M | $259.14M | $265.65M | $222.93M | $161.53M |
| Capital expenditures | $358.92M | $319.07M | $255.07M | $188.99M | $160.10M | $120.45M | $67.05M | $56.63M | $146.49M | $173.23M |
| Investing cash flow | -$294.66M | -$339.41M | -$236.69M | -$184.18M | $1.78B | -$155.59M | -$165.33M | -$187.80M | -$151.50M | -$820.01M |
| Financing cash flow | $195.60M | $183.86M | $218.11M | $69.00M | -$1.64B | -$53.53M | -$77.25M | -$71.35M | -$29.04M | $617.87M |
| Net change in cash | $1.93M | -$92.98M | $95.19M | -$40.28M | -$111.05M | $93.75M | $16.56M | $6.50M | $42.39M | -$40.62M |
| Stock-based compensation | $9.59M | $9.84M | $10.03M | $8.53M | $3.41M | $5.91M | $3.37M | $4.74M | $3.58M | $3.02M |
| Common dividends paid | $6.44M | $5.80M | $4.52M | $3.99M | $940.26M | $16.42M | $13.94M | $12.86M | $12.26M | $11.70M |
| Common share repurchases | Unavailable | Unavailable | Unavailable | Unavailable | $0 | $0 | $7.23M | $0 | $0 | $5.10M |
| Depreciation & amortization | $129.68M | $96.91M | $62.88M | $65.76M | $55.21M | $48.70M | $46.79M | $44.39M | $177.01M | $143.68M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | -$257.92M | -$256.50M | -$141.30M | -$114.09M | -$411.04M | $182.42M | $192.10M | $209.02M | $76.44M | -$11.70M |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating margin | -6.5% | -8.7% | 0.1% | -7.0% | -1.0% | -1.2% | -0.6% | -1.5% | 7.6% | 4.2% |
| FCF margin | -72.1% | -78.2% | -52.5% | -45.8% | -167.6% | 82.6% | 92.9% | 108.5% | 12.5% | -2.2% |
| SBC / revenue | 2.7% | 3.0% | 3.7% | 3.4% | 1.4% | 2.7% | 1.6% | 2.5% | 0.6% | 0.6% |
| Current ratio | 0.90x | 0.82x | 1.79x | 1.33x | 2.47x | 1.16x | 1.57x | 2.37x | 1.26x | 0.98x |
| Revenue YoY growth | 9.1% | 21.9% | 8.1% | 1.5% | 11.1% | 6.7% | 7.4% | -68.5% | 14.3% | Unavailable |
| Net margin | -9.2% | 59.1% | 3.0% | -3.4% | 407.3% | 56.9% | 26.8% | 24.2% | 10.8% | -0.2% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 100.3% | 97.3% | 94.8% | 75.9% | 65.3% | 54.6% | 32.4% | 29.4% | 23.9% | 32.4% |
| Long-term debt / equity | 0.71x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | Unavailable | Unavailable | 33.0% | Unavailable | -27.2% | -168.9% | 0.3% | -183.0% | -400.8% | 146.0% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open SHEN in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-05-01View SEC filing
10-K · Filed 2026-02-26View SEC filing
10-Q · Filed 2025-10-29View SEC filing
10-Q · Filed 2025-07-31View SEC filing
10-Q · Filed 2025-04-30View SEC filing
10-K · Filed 2025-02-20View SEC filing
Reconciliation checks needing review
2 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
gross profit bridgeinconsistent2016-12-31
Withheld: gross profit could not be reconciled with the rest of this filer’s statement.