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Shenandoah Telecom SHEN Goodwill — Accounts Payable

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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$736.9M+13.0%
Enterprise value$1.42B+23.1%
P/S+0.1×

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:AccountsPayableCurrent.

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

Property, plant and equipment, net increased primarily due to capital expenditures to support the Company’s Glo Fiber market expansion. The Company’s accounts payable as of June 30, 2026 and December 31, 2025 included amounts associated with capital expenditures of approximately $51.9 million and $55.6 million, respectively. Depreciation and amortization expense was $30.0 million and $34.6 million during the three months ended June 30, 2026 and 2025, respectively, and $61.7 million and $63.6 million during the six months ended June 30, 2026 and 2025, respectively. The Company wrote off $0.2 million and $3.0 million plant under construction inventory assets during the three and six months ended June 30, 2026, respectively. The Company wrote-off $4.2 million plant under construction inventory assets during the three and six months ended June 30, 2025. The write-off primarily related to permitting and engineering costs for markets abandoned due to changing market returns. The amounts are presented in depreciation and amortization in the Company’s unaudited condensed consolidated statements of operations.

Item 6. Exhibits [36](#i8f4df291a7bd4c8ca6efbfd24c256582_118)

FAQ

What is Shenandoah Telecom's goodwill — accounts payable?
Shenandoah Telecom (SHEN) reported goodwill — accounts payable of $51.9M in Q2 2026.
How has Shenandoah Telecom's goodwill — accounts payable changed year-over-year?
Shenandoah Telecom's goodwill — accounts payable decreased by 9.4% year-over-year, from $57.3M to $51.9M.
What is the long-term trend for Shenandoah Telecom's goodwill — accounts payable?
Over 2 years (2023 to 2025), Shenandoah Telecom's goodwill — accounts payable has grown at a 16.6% compound annual growth rate (CAGR), from $175.7M to $238.9M.
What does goodwill — accounts payable mean?
This metric represents the total outstanding short-term obligations owed to suppliers and vendors specifically attributed to the broadband business segment. It serves as a key indicator of the segment's working capital management and its ability to maintain liquidity while managing operational expenses. Monitoring this balance helps investors assess the segment's cash conversion cycle and its relationship with trade creditors.

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