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How Shenandoah Telecommunications (SHEN) makes money
Shenandoah Telecommunications (SHEN) made $93.9M of revenue in the third quarter 2026 (Q3 2026), +5% from a year earlier. Residential & SMB - Incumbent Broadband Markets brought in $39.1M (42%); Residential & SMB - Glo Fiber Expansion Markets brought in $28.2M (30%); Commercial Fiber brought in $21.1M (22%).
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Residential & SMB - Incumbent Broadband Markets | $39.1M | 41.6% | -3% | -7% |
| Residential & SMB - Glo Fiber Expansion Markets | $28.2M | 30.0% | +7% | +32% |
| Commercial Fiber | $21.1M | 22.5% | -1% | +6% |
| RLEC & Other | $5.5M | 5.9% | +0.6% | -16% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $93.9M | 100.0% |
| Operating cash flow | $27.8M | 29.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $93.9M | +5% |
| Q2 2026 | $93.5M | +6% |
| Q1 2026 | $92.2M | +5% |
| Q4 2025 | $91.6M | +7% |
| Q3 2025 | $89.8M | +2% |
| Q2 2025 | $88.6M | +3% |
| Q1 2025 | $87.9M | +27% |
From Shenandoah Telecommunications' 10-Q filed Oct 28, 2026 (on EDGAR).
Questions
How does Shenandoah Telecommunications make money?
Shenandoah Telecommunications (SHEN) made $93.9M of revenue in the third quarter 2026 (Q3 2026), +5% from a year earlier. Residential & SMB - Incumbent Broadband Markets brought in $39.1M (42%); Residential & SMB - Glo Fiber Expansion Markets brought in $28.2M (30%); Commercial Fiber brought in $21.1M (22%).
What is Shenandoah Telecommunications' biggest business?
Residential & SMB - Incumbent Broadband Markets: $39.1M in the third quarter 2026, 42% of revenue, -7% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.