Shenandoah Telecommunications Company
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $357.9M | $328.1M | $269.1M | $248.9M | $245.2M | $220.8M | $206.9M | $192.7M |
| Cost of Revenue | $130.1M | $128.1M | $100.9M | $102.3M | $102.3M | $89.7M | $83.6M | $80.4M |
| Gross Profit | $227.7M | $199.9M | $168.3M | $146.6M | $142.9M | $131.1M | $123.3M | $112.3M |
| Gross Margin | 63.6% | 60.9% | 62.5% | 58.9% | 58.3% | 59.4% | 59.6% | 58.3% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $118.2M | $115.2M | $99.3M | $91.1M | $82.5M | $85.0M | $77.8M | $70.8M |
| Operating Income | $-23.2M | $-28.6M | $142.0K | $-17.5M | $-2.4M | $-2.6M | $-1.3M | $-3.0M |
| Operating Margin | -6.5% | -8.7% | 0.1% | -7.0% | -1.0% | -1.2% | -0.6% | -1.5% |
| Interest Expense | $25.4M | $15.9M | $4.2M | $1.6M | $2.6M | — | $29.5M | $34.8M |
| Pretax Income | $-41.9M | $-38.0M | $1.5M | $-18.8M | $6.2M | $586.0K | $1.9M | $734.0K |
| Income Tax Expense | $-8.9M | $-9.7M | $501.0K | $-3.4M | $-1.7M | $-990.0K | $6.0K | $-1.3M |
| Net Income | $-32.9M | $193.8M | $8.0M | $-8.4M | $998.8M | $125.7M | $55.5M | $46.6M |
| Net Margin | -9.2% | 59.1% | 3.0% | -3.4% | 407.3% | 56.9% | 26.8% | 24.2% |
| EPS (Basic) | $-0.71 | $3.54 | $0.16 | $-0.17 | $19.97 | $2.52 | $1.11 | $0.94 |
| EPS (Diluted) | $-0.71 | $3.54 | $0.16 | $-0.17 | $19.92 | $2.51 | $1.11 | $0.93 |
| Shares Outstanding (Basic) | 55.1M | 53.7M | 50.4M | 50.2M | 50.0M | 49.9M | 49.8M | 49.5M |
| Shares Outstanding (Diluted) | 55.1M | 53.7M | 50.7M | 50.2M | 50.1M | 50.0M | 50.1M | 50.1M |
| Dividends Per Share | $0.11 | $0.10 | $0.09 | $0.08 | $18.82 | $0.34 | $0.29 | $0.27 |