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Shenandoah Telecommunications Co

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Key Metrics

Previous Close: $11.15
52-Week Range: $9.67 – $17.35
Market Cap: $601.26M
P/E (TTM): —
EPS (TTM): -0.78
Dividend Yield: 1.01%

Advanced Metrics

Price/Book: 0.70
PEG Ratio: 0.87
Return on Equity: -3.94%
Return on Assets: -0.54%
Gross Margin: 64.85%
Operating Margin: -0.94%
Profit Margin: -12.23%
Current Ratio: 0.85
Debt/Equity: 0.77
Total Debt: $733.52M
Free Cash Flow: $-236.00M
Revenue Growth: 5.50%
Earnings Growth: —
Enterprise Value: $1.40B

SHEN Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$248.91M	$269.13M	$328.06M	$357.85M
Cost of Revenue	$102.28M	$100.85M	$128.11M	$130.12M
Gross Profit	$146.63M	$168.28M	$199.95M	$227.74M
Selling, General & Admin	$91.11M	$99.30M	$115.19M	$118.19M
Operating Expenses	$157.60M	$165.22M	$214.03M	$249.80M
Operating Income	-$10.96M	$3.06M	-$14.08M	-$22.06M
EBITDA	$49.24M	$71.65M	$76.70M	$115.13M
Pretax Income	-$18.82M	$1.52M	-$38.03M	-$41.86M
Income Tax	-$3.40M	$501.00K	-$9.67M	-$8.91M
Net Income	-$8.38M	$8.04M	$193.82M	-$32.94M
Diluted EPS	-0.17	0.16	3.54	-0.71
Diluted Shares	50.16M	50.72M	53.72M	55.10M

SHEN Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$44.06M	$139.25M	$46.27M	$27.26M
Receivables	$50.37M	$24.47M	$30.97M	$34.04M
Current Assets	$128.56M	$176.07M	$94.52M	$97.44M
Total Assets	$977.72M	$1.21B	$1.74B	$1.91B
Current Liabilities	$96.42M	$98.36M	$114.57M	$108.50M
Long-Term Debt	$74.31M	$292.80M	$407.68M	$628.24M
Total Debt	$129.76M	$310.70M	$430.73M	$641.69M
Total Liabilities	$339.71M	$561.56M	$739.23M	$941.47M
Retained Earnings	$580.55M	$584.07M	$769.00M	$723.57M
Shareholders' Equity	$638.01M	$652.67M	$918.58M	$880.78M
Working Capital	$32.14M	$77.72M	-$20.05M	-$11.05M
Net Debt	$30.89M	$160.64M	$370.61M	$600.98M

SHEN Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$74.89M	$113.77M	$62.57M	$101.00M
Capital Expenditure	-$188.99M	-$255.07M	-$319.07M	-$358.92M
Free Cash Flow	-$114.09M	-$141.30M	-$256.50M	-$257.92M
Depreciation & Amortisation	$66.48M	$63.37M	$98.45M	$131.61M
Stock-Based Compensation	$8.53M	$10.03M	$9.84M	$9.59M
Investing Cash Flow	-$184.18M	-$236.69M	-$339.41M	-$294.66M
Financing Cash Flow	$69.00M	$218.11M	$183.86M	$195.60M
Dividends Paid	-$3.99M	-$4.52M	-$5.80M	-$6.45M
Net Change in Cash	-$40.28M	$95.19M	-$92.98M	$1.93M

SHEN Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$88.57M	$89.80M	$91.59M	$92.15M	$93.46M
Cost of Revenue	$32.62M	$32.38M	$32.08M	$31.82M	$32.70M
Gross Profit	$55.94M	$57.41M	$59.51M	$60.33M	$60.76M
Selling, General & Admin	$29.74M	$29.79M	$27.66M	$33.39M	$31.02M
Operating Expenses	$64.85M	$64.28M	$60.22M	$68.36M	$61.64M
Operating Income	-$8.90M	-$6.87M	-$709.00K	-$8.03M	-$882.00K
EBITDA	$29.01M	$28.92M	$33.10M	$24.55M	$30.07M
Pretax Income	-$12.10M	-$12.36M	-$7.14M	-$19.86M	-$10.24M
Income Tax	-$3.05M	-$2.97M	-$1.77M	-$4.11M	-$2.54M
Net Income	-$9.05M	-$9.39M	-$5.37M	-$15.75M	-$7.70M
Diluted EPS	-0.19	-0.20	-0.10	-0.31	-0.17
Diluted Shares	55.10M	55.15M	55.15M	55.55M	55.78M

SHEN Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$29.08M	$22.62M	$27.26M	$43.77M	$23.89M
Receivables	$37.83M	$28.62M	$34.04M	$27.30M	$23.97M
Current Assets	$83.35M	$67.99M	$97.44M	$114.22M	$93.43M
Total Assets	$1.81B	$1.85B	$1.91B	$1.95B	$1.97B
Current Liabilities	$114.94M	$135.40M	$108.50M	$101.56M	$109.67M
Long-Term Debt	$501.61M	$524.02M	$628.24M	$693.89M	$715.03M
Total Debt	$525.13M	$546.84M	$641.69M	$706.83M	$727.93M
Total Liabilities	$827.28M	$870.79M	$941.47M	$995.92M	$1.02B
Retained Earnings	$747.85M	$736.93M	$723.57M	$706.24M	$696.93M
Shareholders' Equity	$901.96M	$892.68M	$880.78M	$866.96M	$859.94M
Working Capital	-$31.59M	-$67.41M	-$11.05M	$12.66M	-$16.24M
Net Debt	$482.74M	$511.48M	$600.98M	$650.12M	$691.13M

SHEN Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$20.95M	$30.74M	$28.79M	$24.37M	$24.43M
Capital Expenditure	-$86.20M	-$82.11M	-$107.37M	-$75.82M	-$70.37M
Free Cash Flow	-$65.25M	-$51.38M	-$78.58M	-$51.45M	-$45.94M
Depreciation & Amortisation	$35.10M	$34.49M	$32.56M	$34.97M	$30.62M
Stock-Based Compensation	$2.19M	$2.07M	$1.62M	$4.80M	$2.30M
Investing Cash Flow	-$75.65M	-$58.01M	-$84.75M	-$64.11M	-$60.72M
Financing Cash Flow	-$3.77M	$20.81M	$81.54M	$62.61M	$20.00M
Net Change in Cash	-$58.47M	-$6.46M	$25.58M	$22.87M	-$16.28M

Market Snapshot

About

Shenandoah Telecommunications Co is a diversified telecommunications company providing wireless, broadband, and tower services in the mid-Atlantic United States. The company operates wireless networks, fiber broadband infrastructure, and owns telecommunications towers. Shenandoah serves both retail customers and wholesale carriers.