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Shenandoah Telecom Co 10-Q Filings

SHEN NASDAQ

Every 10-Q that Shenandoah Telecom Co (SHEN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow SHEN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SHEN filings page.

Rhea-AI Summary

Shenandoah Telecommunications Company filed Amendment No. 1 to its Quarterly Report for the quarter ended June 30, 2026. The amendment is filed solely to correct a typographical error in the number of shares of common stock outstanding on July 22, 2026.

The company states that the correct number of common shares outstanding on that date is 55,364,680, traded on the Nasdaq Global Select Market under the symbol SHEN. No other items or disclosures from the original report are amended, and the amendment includes officer certifications and Inline XBRL data.

Rhea-AI Summary

Shenandoah Telecommunications Company reported for the quarter ended June 30, 2026 service revenue of 93,462 (in thousands), up 5.5% year over year, and an operating loss of 1,016 (in thousands), a significant improvement from 9,108 (in thousands). Net loss attributable to common shareholders narrowed to 9,304 (in thousands), or 0.17 per share.

Growth was driven by Glo Fiber expansion markets and Commercial Fiber revenue, which offset declines in incumbent video and DSL services. Adjusted EBITDA rose to 32,040 (in thousands) for the quarter and 63,780 (in thousands) for the first half, reflecting scale in newer fiber markets despite higher selling and administrative costs.

Total assets reached 1,974,948 (in thousands), funded in part by 715,027 (in thousands) of long‑term debt after an asset backed securitization and revolving credit facility draw. The company invested 146,195 (in thousands) in capital expenditures in the first half, supported by 48,806 (in thousands) of operating cash flow and 151.2 million of broadband grants, while executing a 10% workforce reduction as Glo Fiber construction nears completion.

Rhea-AI Summary

Shenandoah Telecommunications Company grew first‑quarter 2026 revenue to $92.2 million from $87.9 million, driven mainly by Glo Fiber expansion markets and commercial fiber services. However, higher operating costs, depreciation and interest pushed the net loss to $15.8 million versus $9.1 million, or $(0.31) per share.

Adjusted EBITDA rose to $31.7 million from $27.6 million, while capital expenditures remained heavy at $75.8 million to support fiber build‑out. Total debt reached $707.4 million and cash, restricted cash plus unused credit and grant capacity provided total available liquidity of about $194.5 million.

The company announced a workforce reduction of about 10% tied to winding down the Glo Fiber expansion phase, recording $2.1 million of severance and retention expense. Shentel also continued to benefit from government broadband grants, receiving $12.9 million of cash reimbursements in the quarter and adding new awards, while noting a new risk factor around geopolitical tensions and energy prices.

Rhea-AI Summary

Shenandoah Telecommunications (SHEN) reported Q3 2025 results showing modest top-line growth alongside higher costs tied to network expansion. Service revenue and other were $89.8 million (up 2.5% year over year), led by Glo Fiber Expansion Markets $21.3 million (up 41.1%), while Incumbent Broadband declined and Commercial Fiber softened.

Profitability remained pressured. Operating loss was $7.2 million and net loss was $9.4 million, reflecting higher depreciation and amortization $34.5 million and interest expense $6.8 million. Still, Adjusted EBITDA rose to $29.7 million, supported by operating efficiencies and mix.

Shentel continued to invest heavily in fiber. For the nine months, capital expenditures were $251.5 million, partly offset by $39.9 million in government grants and $6.5 million escrow proceeds. Debt increased to $535.4 million with a 7.47% weighted-average rate; revolver availability was $118 million as of September 30, 2025. The company completed a $5.0 million Virginia FTTH acquisition on July 9, 2025. Common shares outstanding were 54,898,139 as of October 24, 2025.