Shenandoah Telecommunications Company (SHEN)

SHEN Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	351.67	328.06	269.13	248.91	245.24	220.78
Revenue Growth (YoY)	13.24%	21.89%	8.12%	1.50%	11.08%	6.73%
Cost of Revenue	131.21	128.11	100.85	102.28	102.3	89.66
Gross Profit	220.47	199.95	168.28	146.63	142.94	131.12
Selling, General & Admin	119.5	115.19	99.3	91.11	82.45	85.02
Operating Expenses	246.3	213.65	162.67	150.2	137.66	133.72
Operating Income	-25.83	-13.7	5.61	-3.56	5.28	-2.6
Interest Expense	-21.84	-15.9	-4.21	-1.58	-	-
Interest & Investment Income	2.9	1.7	0.5	0.1	2	4.2
Other Non Operating Income (Expenses)	4.26	4.76	3.06	0.12	6.67	-1.01
EBT Excluding Unusual Items	-40.52	-23.14	4.96	-4.93	13.95	0.59
Merger & Restructuring Charges	-1.9	-14.51	-4.42	-12.75	-1.73	-
Gain (Loss) on Sale of Assets	-	-	1.33	-	-	-
Asset Writedown	-0.38	-0.38	-1.05	-1.14	-5.99	-
Other Unusual Items	-	-	0.7	-	-	-
Pretax Income	-42.8	-38.03	1.52	-18.82	6.24	0.59
Income Tax Expense	-9.04	-9.67	0.5	-3.4	-1.69	-0.99
Earnings From Continuing Operations	-33.76	-28.36	1.02	-15.42	7.93	1.58
Earnings From Discontinued Operations	3.45	222.17	7.02	7.04	990.9	124.1
Net Income to Company	-30.31	193.82	8.04	-8.38	998.83	125.67
Minority Interest in Earnings	-6.28	-3.43	-	-	-	-
Net Income	-36.6	190.39	8.04	-8.38	998.83	125.67
Net Income to Common	-36.6	190.39	8.04	-8.38	998.83	125.67
Net Income Growth	-	2268.60%	-	-	694.79%	126.44%
Shares Outstanding (Basic)	55	54	50	50	50	50
Shares Outstanding (Diluted)	55	54	51	50	50	50
Shares Change (YoY)	3.82%	5.93%	1.12%	0.01%	0.25%	-0.15%
EPS (Basic)	-0.67	3.54	0.16	-0.17	19.97	2.52
EPS (Diluted)	-0.67	3.54	0.16	-0.17	19.97	2.51
EPS Growth	-	2136.49%	-	-	695.23%	125.34%
Free Cash Flow	-251.36	-256.5	-141.3	-114.09	-411.04	182.42
Free Cash Flow Per Share	-4.57	-4.78	-2.79	-2.27	-8.20	3.65
Dividend Per Share	0.100	0.100	0.090	0.080	0.070	0.340
Dividend Growth	11.11%	11.11%	12.50%	14.29%	-79.41%	17.24%
Gross Margin	62.69%	60.95%	62.53%	58.91%	58.29%	59.39%
Operating Margin	-7.35%	-4.18%	2.08%	-1.43%	2.15%	-1.18%
Profit Margin	-10.41%	58.04%	2.99%	-3.37%	407.29%	56.92%
Free Cash Flow Margin	-71.47%	-78.19%	-52.50%	-45.84%	-167.61%	82.63%
EBITDA	100.97	84.75	68.98	55.52	60.91	46.44
EBITDA Margin	28.71%	25.84%	25.63%	22.30%	24.84%	21.03%
D&A For EBITDA	126.8	98.45	63.37	59.08	55.63	49.04
EBIT	-25.83	-13.7	5.61	-3.56	5.28	-2.6
EBIT Margin	-7.35%	-4.18%	2.08%	-1.43%	2.15%	-1.18%
Effective Tax Rate	-	-	33.03%	-	-	-
Advertising Expenses	-	15	11.4	6.8	4.4	2.7

Updated Oct 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q