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Shenandoah Telecom SHEN Reportable Segment — Service revenue and other

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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-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)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Service revenue and other$93,462$88,568$185,615$176,466
Significant expenses and other items:
Cost of services exclusive of depreciation and amortization32,70332,62464,52765,654
Selling, general and administrative exclusive of stock-based compensation28,71927,55657,30854,831
Adjusted EBITDA32,04028,38863,78055,981
Stock-based compensation expense, net of amount capitalized2,3032,1877,1015,904
Restructuring, integration and acquisition1342062,574716
Depreciation and amortization30,61935,10365,59064,561

Item 6. Exhibits [36](#i8f4df291a7bd4c8ca6efbfd24c256582_118)

FAQ

What is Shenandoah Telecom's reportable segment — service revenue and other?
Shenandoah Telecom (SHEN) reported reportable segment — service revenue and other of $93.46M in Q2 2026.
How has Shenandoah Telecom's reportable segment — service revenue and other changed year-over-year?
Shenandoah Telecom's reportable segment — service revenue and other increased by 5.5% year-over-year, from $88.57M to $93.46M.
What is the long-term trend for Shenandoah Telecom's reportable segment — service revenue and other?
Over 3 years (2022 to 2025), Shenandoah Telecom's reportable segment — service revenue and other has grown at a 12.9% compound annual growth rate (CAGR), from $248.91M to $357.85M.
What does reportable segment — service revenue and other mean?
This metric represents the total revenue generated from core telecommunications and broadband service offerings within the reportable business segment. It captures recurring income from internet, video, and voice subscriptions, as well as ancillary service fees. This is a primary indicator of the segment's market demand and customer base growth.

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