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SHENANDOAH TELECOMMUNICATIONS CO/VA/
CIK 354963Updated Sep 27, 2026
SecuritySHEN · NASDAQ · equity
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Recent filings
Show 5 more recent filings
Results of Operations and Financial Condition
Items 2.02, 9.01
10-Q filing
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
SCHEDULE 13D/A - filed by GCM Investments GP, LLC regarding SHENANDOAH TELECOMMUNICATIONS CO/VA/
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
Financials
FY 2025 · USDSource
Source
Source
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 1,910,762,000Source | 1,740,273,000Source | 1,214,229,000Source | 977,719,000Source |
| Property, Plant and Equipment, NetUSD | 1,601,609,000Source | 1,438,538,000Source | 879,499,000Source | 687,553,000Source |
| GoodwillUSD | 67,538,000Source | — | — | — |
| Intangible Assets, Net (Excluding Goodwill)USD | 89,353,000Source | 157,723,000Source | 81,123,000Source | 81,515,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 27,259,000Source | 46,272,000Source | 139,255,000Source | 44,061,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 31,497,000Source | 29,722,000Source | 19,782,000Source | 20,615,000Source |
| Assets, CurrentUSD | 97,443,000Source | 94,520,000Source | 176,071,000Source | 128,562,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 15,198,000Source | 17,282,000Source | 11,782,000Source | 11,509,000Source |
| Operating Lease, Right-of-Use AssetUSD | 19,657,000Source | 19,548,000Source | 50,640,000Source | 53,859,000Source |
| Other Assets, NoncurrentUSD | 9,364,000Source | 6,428,000Source | 6,942,000Source | 7,422,000Source |
| LIABILITIES AND EQUITY | ||||
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Additional Paid in CapitalUSD | 157,216,000Source | 147,733,000Source | 66,933,000Source | 57,453,000Source |
| Retained Earnings (Accumulated Deficit)USD | 723,567,000Source | 768,997,000Source | 584,069,000Source | 580,554,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 0Source | 1,853,000Source | 1,668,000Source | — |
| Stockholders' Equity Attributable to ParentUSD | 880,783,000Source | 918,583,000Source | 652,670,000Source | 638,007,000Source |
| Liabilities and EquityUSD | 1,910,762,000Source | 1,740,273,000Source | 1,214,229,000Source | 977,719,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 108,496,000Source | 114,571,000Source | 98,355,000Source | 96,421,000Source |
| Operating Lease, Liability, CurrentUSD | 2,819,000Source | 3,060,000Source | 3,081,000Source | 2,829,000Source |
| Accounts Payable, CurrentUSD | 61,355,000Source | 57,820,000Source | 53,546,000Source | 49,173,000Source |
| Operating Lease, Liability, NoncurrentUSD | 10,632,000Source | 10,794,000Source | 48,358,000Source | 50,477,000Source |
| Deferred Income Tax Liabilities, NetUSD | 157,618,000Source | 167,716,000Source | 88,147,000Source | 84,600,000Source |
| Other Liabilities, NoncurrentUSD | 32,340,000Source | 33,525,000Source | 19,883,000Source | 20,218,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 14,079,000Source | 12,100,000Source | 9,643,000Source | 17,906,000Source |
| Deferred Tax Liabilities, NetUSD | 157,618,000Source | 167,716,000Source | 88,147,000Source | 84,600,000Source |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 0Source | 9,204,000Source | 7,095,000Source | 648,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 628,237,000Source | 407,675,000Source | 292,804,000Source | 74,306,000Source |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | 88,506,000Source | 82,464,000Source | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 129,677,000Source | 96,908,000Source | 65,471,000Source | 68,899,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 9,590,000Source | 9,837,000Source | 10,033,000Source | 8,528,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -413,000Source | 2,452,000Source | 189,000Source | 583,000Source |
| Increase (Decrease) in Accounts PayableUSD | 1,029,000Source | -2,240,000Source | -2,869,000Source | 19,000Source |
| Deferred Income Tax Expense (Benefit)USD | -9,463,000Source | -9,759,000Source | 3,143,000Source | -1,414,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 100,998,000Source | 62,567,000Source | 113,774,000Source | 74,895,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 5,000,000Source | 347,411,000Source | — | 0Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -294,664,000Source | -339,406,000Source | -236,691,000Source | -184,179,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 358,919,000Source | 319,070,000Source | 256,550,000Source | 189,609,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 1,035,000Source | 1,727,000Source | 1,387,000Source | 1,076,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 195,598,000Source | 183,856,000Source | 218,111,000Source | 69,001,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 6,445,000Source | 5,805,000Source | 4,523,000Source | 3,991,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | -2,011,000Source | -1,378,000Source | -679,000Source | -932,000Source |
| Repayments of Long-term DebtUSD | 592,956,000Source | 7,044,000Source | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 1,932,000Source | -92,983,000Source | 95,194,000Source | -40,283,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 48,204,000Source | 46,272,000Source | 139,255,000Source | 44,061,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 20,798,000Source | 12,075,000Source | — | 600,000Source |
| Income Taxes Paid, NetUSD | 2,050,000Source | 8,400,000Source | 100,000Source | -100,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 10,463,000Source | 10,651,000Source | 10,823,000Source | 9,142,000Source |
| Amortization of Intangible AssetsUSD | 1,900,000Source | 1,500,000Source | 500,000Source | 700,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | — | — | 621,000Source | 531,000Source |
| DepreciationUSD | 129,700,000Source | 96,900,000Source | 65,000,000Source | 68,175,000Source |
| Depreciation, NonproductionUSD | — | — | 64,981,000Source | — |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of TaxUSD | 0Source | 220,217,000Source | 0Source | 0Source |
| Gain (Loss) on Disposition of Intangible AssetsUSD | 0Source | 0Source | 1,328,000Source | — |
| GoodwillUSD | 67,538,000Source | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -32,943,000Source | -28,357,000Source | 8,038,000Source | -8,379,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | 0Source | 222,174,000Source | 0Source | 0Source |
| Income Tax Expense (Benefit)USD | -8,913,000Source | -9,670,000Source | 2,973,000Source | -927,000Source |
| InterestExpenseNonoperatingUSD | 25,374,000Source | 15,897,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -32,943,000Source | 193,817,000Source | 8,038,000Source | -8,379,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -39,392,000Source | 190,388,000Source | — | — |
| Nonoperating Income (Expense)USD | 6,755,000Source | 6,461,000Source | 1,387,000Source | -1,348,000Source |
| Operating ExpensesUSD | — | — | 277,755,000Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 357,854,000Source | 328,058,000Source | 287,379,000Source | 267,371,000Source |
| Selling, General and Administrative ExpenseUSD | 118,187,000Source | 115,193,000Source | 103,631,000Source | 92,392,000Source |
| Operating Income (Loss)USD | -23,237,000Source | -28,591,000Source | 9,624,000Source | -7,958,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -41,856,000Source | -38,027,000Source | 11,011,000Source | -9,306,000Source |
| Income Tax Expense (Benefit)USD | -8,913,000Source | -9,670,000Source | 2,973,000Source | -927,000Source |
| Net Income (Loss) Attributable to ParentUSD | -32,943,000Source | 193,817,000Source | 8,038,000Source | -8,379,000Source |
| Earnings Per Share, BasicUSD per share | -0.71Source | 3.54Source | 0.16Source | -0.17Source |
| Earnings Per Share, DilutedUSD per share | -0.71Source | 3.54Source | 0.16Source | -0.17Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 55,100,000Source | 53,722,000Source | 50,396,000Source | 50,155,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 55,100,000Source | 53,722,000Source | 50,715,000Source | 50,155,000Source |
| Interest Expense (non-operating)USD | 25,374,000Source | 15,897,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 1,900,000Source | 1,500,000Source | 500,000Source | 700,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0.11Source | 0.1Source | 0.09Source | 0.08Source |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and AmortizationUSD | 130,118,000Source | 128,112,000Source | 106,101,000Source | 107,546,000Source |
| Cost, Depreciation and AmortizationUSD | 131,613,000Source | 98,453,000Source | — | — |
| Costs and ExpensesUSD | 381,091,000Source | 356,649,000Source | 277,755,000Source | 275,329,000Source |
| Current Income Tax Expense (Benefit)USD | 550,000Source | 89,000Source | -170,000Source | 487,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -32,943,000Source | -28,357,000Source | 8,038,000Source | -8,379,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | -0.71Source | -0.59Source | 0.16Source | -0.17Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | -0.71Source | -0.59Source | 0.16Source | -0.17Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | 0Source | 222,174,000Source | 0Source | 0Source |
| Interest Expense, DebtUSD | 25,374,000Source | 15,897,000Source | 8,400,000Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -39,392,000Source | 190,388,000Source | — | — |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, BasicUSD | -39,392,000Source | -31,786,000Source | — | — |
| Nonoperating Income (Expense)USD | 6,755,000Source | 6,461,000Source | 1,387,000Source | -1,348,000Source |
| Operating ExpensesUSD | — | — | 277,755,000Source | — |