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Shenandoah Telecommunications Company, together with its subsidiaries, provides broadband services and video and voice services in the United States. The company offers broadband internet, video, and voice services; high-speed Ethernet and dark fiber leasing services; and managed network services to residential and commercial customers in Virginia, West Virginia, Maryland, Pennsylvania, Kentucky, Delaware, Ohio, and Indiana through fiber optics under the brand name of Glo Fiber and hybrid fiber coaxial cable under the Shentel brand name. It also provides Ethernet and wavelength fiber optic services to enterprise and wholesale customers under the Glo Fiber Business brand names; and DSL telephone services. The company was founded in 1902 and is based in Edinburg, Virginia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $358M | $115M | $-33M | $-258M | -3.7% | 9.1% | -117.0% |
| 2024 | $328M | $77M | $194M | $-257M | 21.1% | 21.9% | 2311.3% |
| 2023 | $269M | $72M | $8M | $-141M | 1.2% | 8.1% | -195.9% |
| 2022 | $249M | $49M | $-8M | $-114M | -1.3% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 248.91 | 269.13 | 328.06 | 357.85 |
| Cost Of Revenue | - | 102.28 | 100.85 | 128.11 | 130.12 |
| Gross Profit | - | 146.63 | 168.28 | 199.95 | 227.74 |
| Operating Expense | - | 157.60 | 165.22 | 214.03 | 249.80 |
| Operating Income | - | -10.96 | 3.06 | -14.08 | -22.06 |
| EBITDA | - | 49.24 | 71.65 | 76.70 | 115.13 |
| EBIT | - | -17.24 | 5.73 | -22.13 | -16.48 |
| Pretax Income | - | -18.82 | 1.52 | -38.03 | -41.86 |
| Tax Provision | - | -3.40 | 0.50 | -9.67 | -8.91 |
| Net Income | - | -8.38 | 8.04 | 193.82 | -32.94 |
| Net Income Common Stockholders | - | -8.38 | 8.04 | 190.39 | -39.39 |
| Total Expenses | - | 259.88 | 266.07 | 342.14 | 379.92 |
| Interest Expense | - | 1.58 | 4.21 | 15.90 | 25.37 |
| Selling General And Administration | - | 91.11 | 99.30 | 115.19 | 118.19 |
| Normalized EBITDA | - | 55.73 | 74.56 | 91.21 | 116.30 |
| Normalized Income | - | -10.10 | 2.97 | -17.53 | -32.02 |
| Market Cap | 886.49 | 886.49 | 886.49 | 886.49 | 886.49 |
Communication Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Shenandoah Telecommunications Companythis co. | SHEN | - | -26.91 | 1.01 | -3.7% | 13.04 |
| ZipRecruiter, Inc. | ZIP | $233M | - | -3.13 | 42.7% | -26.72 |
| Crexendo, Inc. | CXDO | $209M | 41.00 | 3.19 | 7.9% | 23.83 |
| CuriosityStream Inc. | CURI | $183M | - | 4.38 | -15.5% | 21.55 |
| The Arena Group Holdings, Inc. | AREN |
| 2021 | - | - | - | - | - | - | - |
| $109M |
| 3.83 |
| -22.77 |
| -2587.7% |
| 4.50 |
| Travelzoo | TZOO | $106M | 25.63 | -14.16 | -194.0% | 15.89 |
| Gaia, Inc. | GAIA | $75M | - | 0.85 | -4.4% | 30.55 |
| Vivid Seats Inc. | SEAT | $69M | - | -0.79 | 504.3% | -52.17 |
| PLAYSTUDIOS, Inc. | MYPS | $53M | - | 0.23 | -12.6% | -2.44 |
| Peer Median | - | 25.63 | -0.28 | -8.5% | 10.20 | |