Filing Flows › Shenandoah Telecommunications (SHEN) › Q1 2026
Shenandoah Telecommunications (SHEN) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
Shenandoah Telecommunications (SHEN) reported revenue of $92.2M for the first quarter 2026 (Q1 2026), +5% from a year earlier and +0.6% from the quarter before. Operating margin was -11.4%, net loss $15.8M (17.1% of revenue).
Shenandoah Telecommunications, Q1 2026: revenue $92.2M (+5% year over year), operating margin -11.4%, net loss $15.8M, operating cash flow $24.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $92.2M | +0.6% | +5% |
| Operating profit | −$10.5M | — | — |
| Net earnings | −$15.8M | — | — |
| Operating cash flow | $24.4M | -15% | +19% |
What changed
Revenue was $92.2M in Q1 2026, up 5% year over year and up 1% from the previous quarter. Residential & SMB - Incumbent Broadband Markets was the largest line at 45% of revenue. Residential & SMB - Glo Fiber Expansion Markets added $6.4M year over year (up 35%), 150% of the total change. RLEC & Other declined 13%.
Operating costs exceeded revenue by $10.5M, an operating margin of -11.4%. Total costs grew 9% against revenue growth of 5%. The fastest-growing cost line was Other operating costs (+25%). The quarter ended with a net loss of $15.8M, wider than the previous quarter's $5.4M loss. Net interest and other expense of $9.4M was the main reason.
Operating cash flow was $24.4M (up 19% year over year). Non-cash charges added back $34.5M of depreciation and amortization and $4.8M of share-based compensation. Capital expenditures of $75.8M exceeded it, leaving free cash flow of −$51.5M.
Questions
What was Shenandoah Telecommunications' revenue in the first quarter 2026?
Shenandoah Telecommunications (SHEN) reported revenue of $92.2M for the first quarter 2026 (Q1 2026), +5% from a year earlier and +0.6% from the quarter before.
Was Shenandoah Telecommunications profitable in the first quarter 2026?
Operating loss was $10.5M (-11.4% of revenue) and net loss $15.8M.