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SHENANDOAH TELECOMMUNICATIONS CO/VA/
American telephone communications company, incorporated in Virginia.
Price unavailable
Last updated Oct 18, 2026.
Overview
Compare with iQSTEL Inc, Atlantic Tele-Network or GCI, or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
-6.5%Operating margin3
-9.2%Net margin3
9.1%Revenue growth, 20253
-3.7%Return on equity3
0.71×Debt to equity3
-$257.9MFree cash flow3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Residential And SMB - Incumbent Broadband brought in 47% of the revenue SHENANDOAH TELECOMMUNICATIONS CO/VA/ broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Residential And SMB - Incumbent Broadband | $174.7M | $174.8M | $169.7M |
| Residential And SMB - Glo Fiber Expansion Markets | $35.1M | $57.9M | $82.6M |
| Commercial Fiber | $44.3M | $70.1M | $79.3M |
| RLEC & Other | $15.0M | $25.3M | $26.3M |
| Income From Leasing Arrangements | $2.6M | $5.8M | $6.8M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Selling, general and admin33¢$118.2M
- Other costs64¢$230.8M
- Income tax2¢$8.9M
Out of $357.9M in revenue.3 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending98¢$358.9M
- Dividends paid2¢$6.4M
Out of $101.0M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.3
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Service revenue and other | $357.9M | $328.1M | $269.1M |
| Cost of services exclusive of depreciation and amortization | $130.1M | $128.1M | $100.8M |
| Selling, general and administrative | $118.2M | $115.2M | $99.3M |
| Restructuring, integration and acquisition | $1.2M | $14.5M | $2.9M |
| Depreciation and amortization | $131.6M | $98.8M | $65.9M |
| Total operating expenses | $381.1M | $356.6M | $269.0M |
| Operating (loss) income | -$23.2M | -$28.6M | $142.0K |
| Interest expense | -$25.4M | -$15.9M | -$4.2M |
| Other income, net | $6.8M | $6.5M | $5.6M |
| (Loss) income from continuing operations before income taxes | -$41.9M | -$38.0M | $1.5M |
| Income tax (benefit) expense | -$8.9M | -$9.7M | $501.0K |
| (Loss) income from continuing operations | -$32.9M | -$28.4M | $1.0M |
| Income from discontinued operations, net of tax | $0 | $2.0M | $7.0M |
| Gain on the sale of discontinued operations, net of tax | $0 | $220.2M | $0 |
| Total income from discontinued operations, net of tax | $0 | $222.2M | $7.0M |
| Net (loss) income | -$32.9M | $193.8M | $8.0M |
| Dividends on redeemable noncontrolling interest | $6.4M | $3.4M | $0 |
| Net (loss) income attributable to common shareholders | -$39.4M | $190.4M | $8.0M |
| Basic - (Loss) income from continuing operations (in dollars per share) | -$1 | -$1 | $0 |
| Basic - Income from discontinued operations, net of tax (in dollars per share) | $0 | $4 | $0 |
| Basic net (loss) income per share (in dollars per share) | -$0.71 | $3.54 | $0.16 |
| Diluted - (Loss) income from continuing operations (in dollars per share) | -$1 | -$1 | $0 |
| Diluted - Income from discontinued operations, net of tax (in dollars per share) | $0 | $4 | $0 |
| Diluted net (loss) income per share (in dollars per share) | -$0.71 | $3.54 | $0.16 |
| Weighted average shares outstanding, basic (in shares) | 55.1M shares | 53.7M shares | 50.4M shares |
| Weighted average shares outstanding, diluted (in shares) | 55.1M shares | 53.7M shares | 50.7M shares |
| Cash dividends declared per common share (in dollars per share) | $0.11 | $0.10 | $0.09 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $27.3M | $46.3M | ||
| Restricted cash and cash equivalents | $20.9M | $0 | ||
| Accounts receivable, net of allowance for credit losses of $829 and $1,156, respectively | $31.5M | $29.7M | ||
| Income taxes receivable | $2.5M | $1.2M | ||
| Prepaid expenses and other | $15.2M | $17.3M | ||
| Total current assets | $97.4M | $94.5M | ||
| Investments | $16.5M | $15.7M | ||
| Property, plant and equipment, net | $1.6B | $1.4B | ||
| Goodwill | $67.5M | $67.1M | ||
| Intangible assets, net | $89.4M | $90.7M | ||
| Operating lease right-of-use assets | $19.7M | $19.5M | ||
| Deferred charges and other assets | $18.7M | $14.2M | ||
| Total assets | $1.9B | $1.7B | ||
| Current maturities of long-term debt, net of unamortized loan fees | $0 | $9.2M | ||
| Accounts payable | $61.4M | $57.8M | ||
| Advanced billings and customer deposits | $16.9M | $16.1M | ||
| Accrued compensation | $13.3M | $16.3M | ||
| Current operating lease liabilities | $2.8M | $3.1M | ||
| Accrued liabilities and other | $14.1M | $12.1M | ||
| Total current liabilities | $108.5M | $114.6M | ||
| Long-term debt, less current maturities, net of unamortized loan fees | $628.2M | $407.7M | ||
| Deferred income taxes | $157.6M | $167.7M | ||
| Benefit plan obligations | $4.2M | $4.9M | ||
| Non-current operating lease liabilities | $10.6M | $10.8M | ||
| Other liabilities | $32.3M | $33.5M | ||
| Total other long-term liabilities | $204.7M | $217.0M | ||
| Redeemable noncontrolling interest | $88.5M | $82.5M | ||
| Common stock, no par value, authorized 96,000; 54,899 and 54,605 issued and outstanding at December 31, 2025 and 2024, respectively | $0 | $0 | ||
| Additional paid in capital | $157.2M | $147.7M | ||
| Retained earnings | $723.6M | $769.0M | ||
| Accumulated other comprehensive income, net of taxes | $0 | $1.9M | ||
| Total shareholders equity | $880.8M | $918.6M | $652.7M | $638.0M |
| Total liabilities, temporary equity and shareholders equity | $1.9B | $1.7B | ||
| Allowance for doubtful accounts | $829.0K | $1.2M | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in shares) | 96.0M shares | 96.0M shares | ||
| Common stock, shares issued (in shares) | 54.9M shares | 54.6M shares | ||
| Common stock, shares outstanding (in shares) | 54.9M shares | 54.6M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $27.3M | $46.3M | ||
| Restricted cash and cash equivalents | $20.9M | $0 | ||
| Accounts receivable, net of allowance for credit losses of $829 and $1,156, respectively | $31.5M | $29.7M | ||
| Income taxes receivable | $2.5M | $1.2M | ||
| Prepaid expenses and other | $15.2M | $17.3M | ||
| Total current assets | $97.4M | $94.5M | ||
| Investments | $16.5M | $15.7M | ||
| Property, plant and equipment, net | $1.6B | $1.4B | ||
| Goodwill | $67.5M | $67.1M | ||
| Intangible assets, net | $89.4M | $90.7M | ||
| Operating lease right-of-use assets | $19.7M | $19.5M | ||
| Deferred charges and other assets | $18.7M | $14.2M | ||
| Total assets | $1.9B | $1.7B | ||
| Current maturities of long-term debt, net of unamortized loan fees | $0 | $9.2M | ||
| Accounts payable | $61.4M | $57.8M | ||
| Advanced billings and customer deposits | $16.9M | $16.1M | ||
| Accrued compensation | $13.3M | $16.3M | ||
| Current operating lease liabilities | $2.8M | $3.1M | ||
| Accrued liabilities and other | $14.1M | $12.1M | ||
| Total current liabilities | $108.5M | $114.6M | ||
| Long-term debt, less current maturities, net of unamortized loan fees | $628.2M | $407.7M | ||
| Deferred income taxes | $157.6M | $167.7M | ||
| Benefit plan obligations | $4.2M | $4.9M | ||
| Non-current operating lease liabilities | $10.6M | $10.8M | ||
| Other liabilities | $32.3M | $33.5M | ||
| Total other long-term liabilities | $204.7M | $217.0M | ||
| Redeemable noncontrolling interest | $88.5M | $82.5M | ||
| Common stock, no par value, authorized 96,000; 54,899 and 54,605 issued and outstanding at December 31, 2025 and 2024, respectively | $0 | $0 | ||
| Additional paid in capital | $157.2M | $147.7M | ||
| Retained earnings | $723.6M | $769.0M | ||
| Accumulated other comprehensive income, net of taxes | $0 | $1.9M | ||
| Total shareholders equity | $880.8M | $918.6M | $652.7M | $638.0M |
| Total liabilities, temporary equity and shareholders equity | $1.9B | $1.7B | ||
| Allowance for doubtful accounts | $829.0K | $1.2M | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in shares) | 96.0M shares | 96.0M shares | ||
| Common stock, shares issued (in shares) | 54.9M shares | 54.6M shares | ||
| Common stock, shares outstanding (in shares) | 54.9M shares | 54.6M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net (loss) income | -$32.9M | $193.8M | $8.0M |
| Income from discontinued operations, net of tax | $0 | $222.2M | $7.0M |
| (Loss) income from continuing operations | -$32.9M | -$28.4M | $1.0M |
| Depreciation and amortization | $129.7M | $96.9M | $62.9M |
| Amortization of intangible assets | $1.9M | $1.5M | $490.0K |
| Provision for credit losses | $1.5M | $2.1M | $2.9M |
| Stock-based compensation expense, net of amount capitalized | $9.6M | $9.8M | $10.0M |
| Deferred income taxes | -$9.5M | -$9.8M | $3.0M |
| Impairment expense | $0 | $382.0K | $2.6M |
| Gain on sale of FCC spectrum licenses | $0 | $0 | -$1.3M |
| Other, net | -$52.0K | $626.0K | -$462.0K |
| Accounts receivable | $413.0K | -$2.5M | -$143.0K |
| Current income taxes | $973.0K | $1.4M | $25.5M |
| Operating lease assets and liabilities, net | -$914.0K | -$361.0K | $65.0K |
| Other assets | -$868.0K | -$3.3M | $4.9M |
| Accounts payable | $1.0M | -$2.2M | -$3.0M |
| Other deferrals and accruals | $2.4M | $3.0M | -$4.0M |
| Net cash provided by operating activities - continuing operations | $103.3M | $69.4M | $104.3M |
| Net cash (used in) provided by operating activities - discontinued operations | -$2.3M | -$6.8M | $9.4M |
| Net cash provided by operating activities | $101.0M | $62.6M | $113.8M |
| Capital expenditures | -$358.9M | -$319.1M | -$255.1M |
| Government grants received | $62.5M | $19.2M | $1.9M |
| Proceeds from escrow related to business acquisition | $6.5M | $0 | $0 |
| Cash disbursed for acquisition, net of cash acquired | -$5.0M | -$347.4M | $0 |
| Proceeds from the sale of FCC spectrum licenses | $0 | $0 | $17.3M |
| Proceeds from sale of assets and other | $269.0K | $2.0M | $655.0K |
| Net cash used in investing activities - continuing operations | -$294.7M | -$645.2M | -$235.2M |
| Net cash provided by (used in) investing activities - discontinued operations | $0 | $305.8M | -$1.5M |
| Net cash used in investing activities | -$294.7M | -$339.4M | -$236.7M |
| Principal payments on long-term debt | -$593.0M | -$7.0M | $0 |
| Proceeds from credit facility borrowings | $816.7M | $125.0M | $225.0M |
| Payments for debt issuance and amendment costs | -$18.7M | -$4.6M | -$300.0K |
| Proceeds from the issuance of redeemable noncontrolling interest, net of financing fees paid | $0 | $79.4M | $0 |
| Dividends paid | -$6.4M | -$5.8M | -$4.5M |
| Taxes paid for equity award issuances | -$1.0M | -$1.7M | -$1.4M |
| Payments for financing arrangements and other | -$2.0M | -$1.4M | -$679.0K |
| Net cash provided by financing activities | $195.6M | $183.9M | $218.1M |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | $1.9M | -$93.0M | $95.2M |
| Interest paid, net of amounts capitalized | -$20.8M | -$12.1M | -$3.0M |
No quarter-by-quarter statement was filed.
Compare SHENANDOAH TELECOMMUNICATIONS CO/VA/ with another company
Leadership
Who has led SHENANDOAH TELECOMMUNICATIONS CO/VA/, and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerEdward H. McKay Feb 5, 2026 to now12
- Chief executive officerChristopher E. French Apr 19, 2023 to Feb 5, 202613
- Chief executive officerEarle A. Mackenzie May 9, 2012 to May 9, 201214
- ChairChristopher E. French Feb 5, 2026 to now15
- PresidentEdward H. McKay Feb 5, 2026 to now12
- PresidentChristopher E. French May 10, 2006 to Feb 5, 202616
- Chief financial officerJames J. Volk Jun 26, 2019 to now17
- Chief financial officerJames F. Woodward Dec 8, 2017 to Feb 27, 201918
- Chief operating officerEdward H. McKay Jul 8, 2021 to Feb 24, 202519
- Chief operating officerDavid L. Heimbach May 16, 2018 to Jul 2, 202120
- Chief operating officerEarle A. Mackenzie May 15, 2006 to Feb 21, 201821
Board members and other officers (42)
- VP & Chief Accounting OfficerTracy Willis Apr 23, 2025 to now22
- VP Legal/Gen Counsel & SecAngela M. Olsen Oct 28, 2025 to now23
- SVP Commercial SalesGlenn E. Lytle Jr. Aug 1, 2024 to now24
- VP-Legal/Gen Counsel & SecDerek Rieger Feb 23, 2022 to Feb 24, 202525
- SVP Sales & MarketingDara Leslie Jul 27, 2022 to now26
- VP & Chief Accounting OfficerDennis Romps Aug 26, 2021 to Feb 20, 202427
- VP & Chief Information OfficerElaine Cheng Mar 15, 2019 to now28
- SR VP & Head of Bus DevRichard W. Mason Jr. May 14, 2019 to now29
- VP & Chief Accounting OfficerChase L. Stobbe May 23, 2019 to Feb 22, 202130
- VP & Chief HROHeather K. Banks Jul 9, 2019 to now31
- Gen Counsel & Sec; VP-LegalAnn E. Flowers Mar 10, 2011 to Mar 10, 201132
- VP-Information TechnologyChristopher S. Kyle Jun 22, 2010 to Jun 23, 201133
- VP-Information TechnologyEdward H. McKay Jun 22, 2010 to Feb 22, 202134
- VP-Information TechnologyRichard A. Baughman Jun 22, 2010 to Jun 28, 201835
- VP-Wireless & Cable OperationsThomas A. Whitaker Jun 22, 2010 to Jun 10, 202136
- Executive Vice PresidentEarle A. Mackenzie Jun 23, 2010 to Feb 20, 201837
- VP Finance & TreasurerAdele M. Skolits Sep 18, 2007 to Nov 7, 201738
- VP - SalesWilliam L. Pirtle Sep 19, 2007 to Jul 9, 202139
- VP-Information TechnologyLaurence F. Paxton Mar 29, 2006 to Jan 30, 200740
- Board memberMatthew Rinklin Jun 10, 2026 to now41
- Board memberAiv 1. L.p. Lif May 10, 2024 to now42
- Board memberJames F. Dimola May 10, 2024 to now43
- Board memberMatthew Denichilo May 10, 2024 to Feb 18, 202544
- Board memberMichael Jay Sacks May 10, 2024 to now42
- Board memberMichael Anthony Rhymes Aug 1, 2024 to now45
- Board memberVictor Christopher Barnes Mar 2, 2022 to now46
- Board memberThomas Beckett May 2, 2018 to now47
- Board memberKenneth L. Quaglio Feb 6, 2017 to now48
- Board memberLeigh Ann Schultz Jul 20, 2016 to now49
- Board memberW. Flora John May 7, 2008 to now50
- Board memberDale S. Lam May 2, 2007 to Feb 24, 202251
- Board memberTracy Fitzsimmons Jun 29, 2007 to now52
- Board memberKen L. Burch Aug 1, 2007 to May 2, 201853
- Board memberNoel M. Borden Jan 11, 2006 to Jun 13, 200654
- Board memberWilliam A. Truban Jr. Jan 25, 2006 to Sep 19, 200755
- Board memberRichard L. Koontz Jr. May 3, 2006 to now56
- Board memberChristopher E. French May 10, 2006 to Jan 4, 202116
- Board memberDouglas C. Arthur Dec 5, 2006 to Jun 23, 201657
- Board memberJames E. Zerkel Ii. Dec 5, 2006 to Feb 27, 201958
- General counselRaymond B. Ostroski Feb 19, 2013 to Feb 22, 202259
- General counselAnn E. Flowers Nov 18, 2008 to Jan 2, 201360
- General counselJonathan R. Spencer Oct 16, 2006 to Feb 28, 200861
Timeline
Filings
787 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 50 major events, 667 insider forms, 26 large holders, 23 other. The latest 20:
- Oct 8, 2026SCHEDULE 13G EDGAR
- Oct 5, 2026SCHEDULE 13G/A EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Sep 3, 20264 EDGAR
- Sep 3, 20264 EDGAR
- Sep 3, 20264 EDGAR
- Sep 3, 20264 EDGAR
- Sep 3, 20264 EDGAR
- Sep 3, 20264 EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 4, 20264 EDGAR
- Aug 4, 20264 EDGAR
- Aug 4, 20264 EDGAR
- Aug 4, 20264 EDGAR
- Aug 4, 20264 EDGAR
The 787 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 26 such filings since October 2021, the latest 10:
- Oct 8, 2026SCHEDULE 13G
- Oct 5, 2026SCHEDULE 13G/A
- Aug 14, 2026SCHEDULE 13G/A
- Jun 10, 2026SCHEDULE 13D/A
- May 14, 2026SCHEDULE 13G/A
- Mar 27, 2026SCHEDULE 13G/A
- Feb 13, 2026SCHEDULE 13G
- Jan 30, 2026SCHEDULE 13G/A
- Nov 12, 2025SCHEDULE 13G
- Aug 12, 2025SCHEDULE 13D/A
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 15SEC EDGARChristopher E. French, Chair
- 16SEC EDGARChristopher E. French, President
- 17
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- 21
- 22
- 23
- 24
- 25
- 26SEC EDGARDara Leslie, SVP Sales & Marketing
- 27
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- 31SEC EDGARHeather K. Banks, VP & Chief HRO
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- 39SEC EDGARWilliam L. Pirtle, VP - Sales
- 40
- 41SEC EDGARMatthew Rinklin, Board member
- 42SEC EDGARAiv 1. L.p. Lif, Board member
- 43SEC EDGARJames F. Dimola, Board member
- 44SEC EDGARMatthew Denichilo, Board member
- 45SEC EDGARMichael Anthony Rhymes, Board member
- 46
- 47SEC EDGARThomas Beckett, Board member
- 48SEC EDGARKenneth L. Quaglio, Board member
- 49SEC EDGARLeigh Ann Schultz, Board member
- 50SEC EDGARW. Flora John, Board member
- 51SEC EDGARDale S. Lam, Board member
- 52SEC EDGARTracy Fitzsimmons, Board member
- 53SEC EDGARKen L. Burch, Board member
- 54SEC EDGARNoel M. Borden, Board member
- 55SEC EDGARWilliam A. Truban Jr., Board member
- 56SEC EDGARRichard L. Koontz Jr., Board member
- 57SEC EDGARDouglas C. Arthur, Board member
- 58SEC EDGARJames E. Zerkel Ii., Board member
- 59SEC EDGARRaymond B. Ostroski, General counsel
- 60SEC EDGARAnn E. Flowers, General counsel
- 61SEC EDGARJonathan R. Spencer, General counsel