Filing Flows › Shenandoah Telecommunications (SHEN) › Q1 2025
Shenandoah Telecommunications (SHEN) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Shenandoah Telecommunications (SHEN) reported revenue of $87.9M for the first quarter 2025 (Q1 2025), +27% from a year earlier and +3% from the quarter before. Operating margin was -6.9%, net loss $9.1M (10.4% of revenue).
Shenandoah Telecommunications, Q1 2025: revenue $87.9M (+27% year over year), operating margin -6.9%, net loss $9.1M, operating cash flow $20.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $87.9M | +3% | +27% |
| Operating profit | −$6.1M | — | — |
| Net earnings | −$9.1M | — | — |
| Operating cash flow | $20.5M | -0.3% | +35% |
What changed
Revenue was $87.9M in Q1 2025, up 27% year over year and up 3% from the previous quarter. Residential & SMB - Incumbent Broadband Markets was the largest line at 49% of revenue. Commercial Fiber added $9.7M year over year (up 97%), 52% of the total change. Residential & SMB - Incumbent Broadband Markets declined 1%.
Operating costs exceeded revenue by $6.1M, an operating margin of -6.9%. Total costs grew 30% against revenue growth of 27%. The fastest-growing cost line was Other operating costs (+66%). The quarter ended with a net loss of $9.1M, wider than the previous quarter's $2.7M loss.
Operating cash flow was $20.5M (up 35% year over year). Non-cash charges added back $29.5M of depreciation and amortization and $3.7M of share-based compensation. Working capital and other items used $3.6M. Capital expenditures of $83.2M exceeded it, leaving free cash flow of −$62.7M.
Questions
What was Shenandoah Telecommunications' revenue in the first quarter 2025?
Shenandoah Telecommunications (SHEN) reported revenue of $87.9M for the first quarter 2025 (Q1 2025), +27% from a year earlier and +3% from the quarter before.
Was Shenandoah Telecommunications profitable in the first quarter 2025?
Operating loss was $6.1M (-6.9% of revenue) and net loss $9.1M.