SHEN Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	362.11	357.85	328.06	269.13	248.91	245.24
Revenue Growth (YoY)	4.44%	9.08%	21.89%	8.12%	1.50%	11.08%
Cost of Revenue	128.91	130.12	128.11	100.85	102.28	102.3
Gross Profit	233.2	227.74	199.95	168.28	146.63	142.94
Selling, General & Admin	120.58	118.19	115.19	99.3	91.11	82.45
Depreciation & Amortization Expenses	137.13	131.61	98.84	65.92	66.48	55.21
Other Operating Expenses	3.1	1.17	14.51	2.92	6.49	7.71
Total Operating Expenses	260.81	250.97	228.54	168.14	164.09	145.37
Operating Income	-27.61	-23.24	-28.59	0.14	-17.46	-2.43
Interest Expense	-29.92	-25.37	-15.9	-4.21	-1.58	-
Other Non-Operating Income (Expense)	6.07	6.76	6.46	5.59	0.22	8.67
Total Non-Operating Income (Expense)	-23.85	-18.62	-9.44	1.38	-1.36	8.67
Pretax Income	-51.46	-41.86	-38.03	1.52	-18.82	6.24
Provision for Income Taxes	-11.9	-8.91	-9.67	0.5	-3.4	-1.69
Net Income	-46.12	-39.39	190.39	8.04	-8.38	998.83
Minority Interest in Earnings	6.55	6.45	3.43	-	-	-
Earnings From Discontinued Operations	-	-	222.17	7.02	7.04	990.9
Net Income to Common	-46.12	-39.39	190.39	8.04	-8.38	998.83
Net Income Growth	-	-	2268.60%	-	-	694.79%
Shares Outstanding (Basic)	55	55	54	50	50	50
Shares Outstanding (Diluted)	55	55	54	51	50	50
Shares Change (YoY)	0.88%	2.56%	5.93%	1.12%	0.01%	0.25%
EPS (Basic)	-0.80	-0.71	3.54	0.16	-0.31	19.97
EPS (Diluted)	-0.80	-0.71	3.54	0.16	-0.31	19.92
EPS Growth	-	-	2112.50%	-	-	693.63%
Shares Outstanding	55.3	54.9	54.61	50.27	50.11	49.97
Free Cash Flow	-246.66	-257.92	-256.5	-141.3	-114.09	-411.04
Free Cash Flow Per Share	-4.46	-4.68	-4.77	-2.79	-2.27	-8.20
Dividends Per Share	0.110	0.110	0.100	0.090	0.080	0.070
Dividend Growth	-	10.00%	11.11%	12.50%	14.29%	-79.41%
Gross Margin	64.40%	63.64%	60.95%	62.53%	58.91%	58.29%
Operating Margin	-7.63%	-6.49%	-8.72%	0.05%	-7.01%	-0.99%
Profit Margin	-10.93%	-9.21%	-8.64%	0.38%	-6.19%	3.23%
FCF Margin	-68.12%	-72.07%	-78.19%	-52.50%	-45.84%	-167.61%
EBITDA	109.51	108.38	69.86	63.51	49.03	53.2
EBITDA Margin	30.24%	30.29%	21.30%	23.60%	19.70%	21.69%
EBIT	-27.61	-23.24	-28.59	0.14	-17.46	-2.43
EBIT Margin	-7.63%	-6.49%	-8.72%	0.05%	-7.01%	-0.99%
Effective Tax Rate	23.13%	21.29%	25.43%	33.03%	18.07%	-27.17%

Updated May 1, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q