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Shenandoah Telecom SHEN Contract Liabilities

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Other financials

Income statement

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Revenue$93.5M+5.5%
Gross profit$60.8M+8.6%
Operating income-$1.0M+88.8%
Net income-$9.3M+11.8%
EPS (diluted)-$0.17+10.5%

Balance sheet

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Cash & equivalents$54.8M+88.4%
Total debt$733.5M+39.2%
Total equity$859.9M-4.7%
Total assets$2.0B+8.8%

Cash flow

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Operating cash flow$24.4M+16.7%
CapEx$70.4M-18.4%
Free cash flow-$45.9M+29.6%

Valuation

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Market cap$746.32M+14.4%
Enterprise value$1.43B+23.9%
P/S+0.2×

Profitability

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Gross margin64.9%+3.0pp
Operating margin-5.3%-1.1pp
Net margin-12.2%+13.4pp
FCF margin-61.9%-7.5pp

Returns & leverage

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Return on equity-5.1%+10.2pp
Debt / equity0.9×+0.3×
Current ratio0.9×+0.1×

Where this comes from

Reported directly by Shenandoah Telecom in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityNoncurrent.

The source filing: Shenandoah Telecom’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 8:04 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000354963-26-000209
(in thousands)June 30,2026December 31,2025
Contract assets
Prepaid expenses and other$4,240$3,818
Deferred charges and other10,6829,288
Total contract assets$14,922$13,106
Contract liabilities
Advanced billings and customer deposits$14,474$13,436
Other liabilities11,36611,139
Total contract liabilities$25,840$24,575

Item 6. Exhibits [36](#i8f4df291a7bd4c8ca6efbfd24c256582_118)

FAQ

What is Shenandoah Telecom's contract liabilities?
Shenandoah Telecom (SHEN) reported contract liabilities of $11.37M in Q2 2026.
How has Shenandoah Telecom's contract liabilities changed year-over-year?
Shenandoah Telecom's contract liabilities decreased by 58.9% year-over-year, from $27.66M to $11.37M.
What is the long-term trend for Shenandoah Telecom's contract liabilities?
Over 5 years (2020 to 2025), Shenandoah Telecom's contract liabilities has grown at a -9.8% compound annual growth rate (CAGR), from $18.69M to $11.14M.
What does contract liabilities mean?
Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

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