SHEN Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	357.85	328.06	269.13	248.91	245.24
Revenue Growth (YoY)	9.08%	21.89%	8.12%	1.50%	11.08%
Cost of Revenue	130.12	128.11	100.85	102.28	102.3
Gross Profit	227.74	199.95	168.28	146.63	142.94
Selling, General & Admin	118.19	115.19	99.3	91.11	82.45
Depreciation & Amortization Expenses	131.61	98.84	65.92	66.48	55.21
Other Operating Expenses	1.17	14.51	2.92	6.49	7.71
Total Operating Expenses	250.97	228.54	168.14	164.09	145.37
Operating Income	-23.24	-28.59	0.14	-17.46	-2.43
Interest Expense	-25.37	-15.9	-4.21	-1.58	-
Other Non-Operating Income (Expense)	6.76	6.46	5.59	0.22	8.67
Total Non-Operating Income (Expense)	-18.62	-9.44	1.38	-1.36	8.67
Pretax Income	-41.86	-38.03	1.52	-18.82	6.24
Provision for Income Taxes	-8.91	-9.67	0.5	-3.4	-1.69
Net Income	-39.39	190.39	8.04	-8.38	998.83
Minority Interest in Earnings	6.45	3.43	-	-	-
Earnings From Discontinued Operations	-	222.17	7.02	7.04	990.9
Net Income to Common	-39.39	190.39	8.04	-8.38	998.83
Net Income Growth	-	2268.60%	-	-	694.79%
Shares Outstanding (Basic)	55	54	50	50	50
Shares Outstanding (Diluted)	55	54	51	50	50
Shares Change (YoY)	2.56%	5.93%	1.12%	0.01%	0.25%
EPS (Basic)	-0.71	3.54	0.16	-0.31	19.97
EPS (Diluted)	-0.71	3.54	0.16	-0.31	19.92
EPS Growth	-	2112.50%	-	-	693.63%
Free Cash Flow	-257.92	-256.5	-141.3	-114.09	-411.04
Free Cash Flow Per Share	-4.68	-4.77	-2.79	-2.27	-8.20
Dividends Per Share	0.110	0.100	0.090	0.080	0.070
Dividend Growth	10.00%	11.11%	12.50%	14.29%	-79.41%
Gross Margin	63.64%	60.95%	62.53%	58.91%	58.29%
Operating Margin	-6.49%	-8.72%	0.05%	-7.01%	-0.99%
Profit Margin	-9.21%	-8.64%	0.38%	-6.19%	3.23%
FCF Margin	-72.07%	-78.19%	-52.50%	-45.84%	-167.61%
EBITDA	108.38	69.86	63.51	49.03	53.2
EBITDA Margin	30.28%	21.30%	23.60%	19.70%	21.69%
EBIT	-23.24	-28.59	0.14	-17.46	-2.43
EBIT Margin	-6.49%	-8.72%	0.05%	-7.01%	-0.99%
Effective Tax Rate	21.29%	25.43%	33.03%	18.07%	-27.17%

Updated Feb 26, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q