Filing Flows › Shenandoah Telecommunications (SHEN) › Q3 2026 › vs Q3 2025
Shenandoah Telecommunications (SHEN) Q3 2026 vs Q3 2025 (year over year)
Shenandoah Telecommunications's revenue rose $4.1M (+5%) from $89.8M in Q3 2025 to $93.9M in Q3 2026. The biggest changes: Residential & SMB - Glo Fiber Expansion Markets +$6.9M (+32%); Residential & SMB - Incumbent Broadband Markets −$2.8M (-7%); Commercial Fiber +$1.2M (+6%).
Shenandoah Telecommunications, Q3 2026: revenue $93.9M (+5% year over year), operating margin -2.1%, net loss $9.2M, operating cash flow $27.8M. The chart draws each line against Q3 2025, the increases inside each band.
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Residential & SMB - Incumbent Broadband Markets | $39.1M | $41.9M | −$2.8M | -7% |
| Residential & SMB - Glo Fiber Expansion Markets | $28.2M | $21.3M | $6.9M | +32% |
| Commercial Fiber | $21.1M | $20.0M | $1.2M | +6% |
| RLEC & Other | $5.5M | $6.6M | −$1.1M | -16% |
| Revenue | $93.9M | $89.8M | $4.1M | +5% |
| Income tax benefit | $3.0M | $3.0M | $74K | +2% |
| Net loss | $9.2M | $9.4M | −$210K | -2% |
| Costs & expenses | $106M | $102M | $4.0M | +4% |
| Operating costs | $95.9M | $97.0M | −$1.0M | -1% |
| Interest & other, net | $10.3M | $5.2M | $5.1M | +97% |
| Cost of revenue | $32.9M | $32.4M | $535K | +2% |
| SG&A | $29.2M | $29.8M | −$638K | -2% |
| Other operating costs | $33.8M | $34.8M | −$946K | -3% |
| Operating cash sources | $37.0M | $40.1M | −$3.1M | -8% |
| Depreciation & amortization | $33.7M | $34.5M | −$800K | -2% |
| Share-based compensation | $1.3M | $2.1M | −$740K | -36% |
| Working capital & other | $2.0M | $3.6M | −$1.6M | -44% |
| Net loss absorbed | $9.2M | $9.4M | −$210K | -2% |
| Operating cash flow | $27.8M | $30.7M | −$2.9M | -9% |
| Capital expenditures | $68.8M | $82.1M | −$13.3M | -16% |
| Negative free cash flow (OCF − capex) | $41.0M | $51.4M | −$10.4M | -20% |
Questions
How much did Shenandoah Telecommunications's revenue grow year over year in Q3 2026?
Shenandoah Telecommunications's revenue rose $4.1M (+5%) from $89.8M in Q3 2025 to $93.9M in Q3 2026.
What drove Shenandoah Telecommunications's revenue change in Q3 2026?
Residential & SMB - Glo Fiber Expansion Markets +$6.9M (+32%); Residential & SMB - Incumbent Broadband Markets −$2.8M (-7%); Commercial Fiber +$1.2M (+6%).