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Shenandoah Telecom SHEN Government grants received

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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 shen:ProceedsFromGovernmentGrantsReceived.

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
SHENANDOAH TELECOMMUNICATIONS COMPANY AND SUBSIDIARIES / UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS / (in thousands)Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Net cash provided by operating activities48,80641,470
Cash flows from investing activities:
Capital expenditures(146,195)(169,432)
Government grants received20,61817,281
Proceeds from sale of assets and other750243
Net cash used in investing activities(124,827)(151,908)
Cash flows from financing activities:
Proceeds from credit facility borrowings113,000100,000

Item 6. Exhibits [36](#i8f4df291a7bd4c8ca6efbfd24c256582_118)

FAQ

What is Shenandoah Telecom's government grants received?
Shenandoah Telecom (SHEN) reported government grants received of $9.07M in Q2 2026.
How has Shenandoah Telecom's government grants received changed year-over-year?
Shenandoah Telecom's government grants received decreased by 12.4% year-over-year, from $10.35M to $9.07M.
What does government grants received mean?
This captures cash inflows received from government entities, typically intended to subsidize infrastructure development, broadband expansion, or specific operational initiatives. These grants often offset capital expenditures or operating costs associated with public policy objectives. It serves as a non-operating source of funding that reduces the net cost of network deployment.

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