Shenandoah Telecommunications Co income statement

In fiscal 2025, Shenandoah Telecommunications Co reported revenue of $358m, up 9.1% on the year before, operating income of −$23.2m (a -6.5% margin) and net income of −$32.9m, or −$0.71 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Shenandoah Telecommunications Co: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	161	195	251	288	309	327	342	535	612	193	207	221	245	249	269	328	358	371
Cost of revenue	54	75	107	117	125	130	121	194	212	—	—	—	—	—	—	—	—	—
Gross profit	107	121	145	171	184	197	221	342	400	—	—	—	—	—	—	—	—	—
Selling, general and administrative	31	46	56	61	68	69	73	133	166	71	78	85	82	91	99	115	118	121
Operating income	43	36	32	35	55	62	74	23	47	−3	−1	−3	−2	−17	0	−29	−23	−14
Interest expense	1	5	8	8	8	8	7	25	38	35	29	—	3	2	4	16	25	37
Net interest income	—	—	−8	−8	−8	—	—	—	—	—	—	—	—	—	—	—	—	—
Income before tax	43	32	24	29	49	56	69	2	13	1	2	1	6	−19	2	−38	−42	−49
Income tax	18	13	11	12	20	22	28	3	−53	−1	0	−1	−2	−3	1	−10	−9	−11
Net income	15	18	13	16	30	34	41	−1	66	47	56	126	999	−8	8	194	−33	−38
Diluted EPS	$0.32	$0.38	$0.28	$0.34	$0.61	$0.70	$0.83	−$0.02	$1.33	$0.93	$1.11	$2.51	$19.92	−$0.17	$0.16	$3.54	−$0.71	−$0.68
Diluted shares (average)	—	48m	48m	48m	48m	49m	49m	49m	50m	50m	50m	50m	50m	50m	51m	54m	55m	56m
EBITDA	76	79	88	99	116	128	145	166	224	41	45	46	53	48	63	68	106	116

US$ millions unless shown otherwise. Fiscal quarters.

Shenandoah Telecommunications Co: income statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Revenue	85	88	89	90	92	92	93	94
Selling, general and administrative	29	31	30	30	28	33	31	29
Operating income	−6	−6	−9	−7	−1	−10	−1	−2
Interest expense	4	5	6	7	8	9	10	10
Income before tax	−8	−10	−12	−12	−7	−20	−10	−12
Income tax	−2	−1	−3	−3	−2	−4	−3	−3
Net income	−3	−9	−9	−9	−5	−16	−8	−9
Diluted EPS	−$0.11	−$0.19	−$0.19	−$0.20	−$0.13	−$0.31	−$0.17	−$0.19
EBITDA	22	23	25	27	31	24	29	31

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Shenandoah Telecommunications Co's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Shenandoah Telecommunications Co.