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Shenandoah Telecom SHEN Cost of services — Service revenue and other

Other product segments

Residential & SMB - Incumbent Broadband Markets
$40.28M-6.0%
Residential & SMB - Glo Fiber Expansion Markets
$26.29M+32.8%
Commercial Fiber
$21.39M+9.8%
Income from leasing arrangements (ASC 842)
$6.79M+16.2%
RLEC & Other
$5.51M-14.7%

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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$742.44M+4.3%
Enterprise value$1.42B+17.5%
P/S0.0×

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:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Shenandoah Telecom’s 10-K, filed February 26, 2026.

Filed
Feb 26, 2026, 7:11 AM EST
Fiscal year
FY2025
Accession
0000354963-26-000125
(in thousands)202520242023
Revenue from contracts with customers (ASC 606)$351,069$322,220$266,490
Income from leasing arrangements (ASC 842)6,7855,8382,641
Service revenue and other$357,854$328,058$269,131

ITEM 16.FORM 10-K SUMMARY

FAQ

What is Shenandoah Telecom's cost of services — service revenue and other?
Shenandoah Telecom (SHEN) reported cost of services — service revenue and other of $87.77M in Q4 2025.
How has Shenandoah Telecom's cost of services — service revenue and other changed year-over-year?
Shenandoah Telecom's cost of services — service revenue and other increased by 9.0% year-over-year, from $80.56M to $87.77M.
What is the long-term trend for Shenandoah Telecom's cost of services — service revenue and other?
Over 3 years (2022 to 2025), Shenandoah Telecom's cost of services — service revenue and other has grown at a 12.5% compound annual growth rate (CAGR), from $246.78M to $351.07M.
What does cost of services — service revenue and other mean?
This metric represents the total revenue generated from the provision of core telecommunications and broadband services, including internet, video, and voice offerings. It serves as a primary indicator of the company's ability to monetize its network infrastructure and customer base within its operating segments. Growth in this figure reflects successful market penetration and the effective scaling of service subscriptions.

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