Residential & Smb - Incumbent Broadband Markets was Shenandoah Telecommunications’s largest product and service line in fiscal 2025, bringing in $169.67M of $364.64M (47%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2018 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Service Revenue | — | — | — | — | ||||||||
| Postpaid | — | — | — | — | ||||||||
| Cost Of Services | $246.78M | — | — | — | ||||||||
| Service Revenue & Other | — | — | — | — | ||||||||
| Residential & Smb - Incumbent Broadband Markets | — | $174.71M | $174.80M | $169.67M | ||||||||
| Commercial Fiber | — | $44.30M | $70.06M | $79.32M | ||||||||
| Payable To Customer, Reimbursement Of Costs | — | — | — | — | ||||||||
| Travel, Installation, & Other | — | — | — | — | ||||||||
| Residential & Smb - Glo Fiber Expansion Markets | $18.29M | $35.10M | $57.87M | $82.56M | ||||||||
| Other | — | — | — | — | ||||||||
| Rlec Other | — | $15.02M | $25.33M | $26.31M | ||||||||
| Equipment | — | — | — | — | ||||||||
| Rural Local Exchange Carrier | — | — | — | — | ||||||||
| Payments To Provide On-Going Services | — | — | — | — | ||||||||
| Fiber, Enterprise & Wholesale | — | — | — | — | ||||||||
| Equipment Revenue | — | — | — | — | ||||||||
| Tower Lease | — | — | — | — | ||||||||
| Residential Smb - Glo Fiber Markets | — | — | — | — | ||||||||
| Income From Leasing Arrangements (Asc 842) | $2.13M | $2.64M | $5.84M | $6.79M | ||||||||
| Total | $267.20M | $271.77M | $333.90M | $364.64M |
Shenandoah Telecommunications brought in $364.64M from its five product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 9.2% from $333.90M in fiscal 2024. Residential & Smb - Incumbent Broadband Markets was the largest at $169.67M (46.5%), ahead of Residential & Smb - Glo Fiber Expansion Markets at $82.56M (22.6%) and Commercial Fiber at $79.32M (21.8%). The other two lines brought in $33.10M combined.
Compared with fiscal 2024, Residential & Smb - Glo Fiber Expansion Markets grew fastest, up 42.7% to $82.56M, while Residential & Smb - Incumbent Broadband Markets fell the most, down 2.9% to $169.67M.
Shenandoah Telecommunications began breaking out Residential & Smb - Incumbent Broadband Markets in fiscal 2023 and Commercial Fiber in fiscal 2023. Shenandoah Telecommunications stopped reporting Cost Of Services as a separate line after fiscal 2022, when it brought in $246.78M.
As Reported was Shenandoah Telecommunications’s largest revenue line in fiscal 2018, bringing in $272.17M of $277.05M (98%).
| Adjustments for Error Corrections | FY 2018 |
|---|---|
| As Reported | $272.17M |
| Correction Of Error | $4.88M |
| Total | $277.05M |
Shenandoah Telecommunications brought in $277.05M from its two revenue lines in fiscal 2018, the year ended June 30, 2018. As Reported was the largest at $272.17M (98.2%), ahead of Correction Of Error at $4.88M (1.8%).
Shenandoah Telecommunications (SHEN) reports its revenue by product and service and by adjustments for error corrections. In fiscal 2025, Residential & Smb - Incumbent Broadband Markets was its largest product and service line, bringing in $169.67M (46.5% of the total), followed by Residential & Smb - Glo Fiber Expansion Markets at $82.56M (22.6%).
Residential & Smb - Incumbent Broadband Markets was Shenandoah Telecommunications' largest product and service line in fiscal 2025, bringing in $169.67M, or 46.5% of the $364.64M total across its five product and service lines.
As Reported was Shenandoah Telecommunications' largest revenue line in fiscal 2018, bringing in $272.17M, or 98.2% of the $277.05M total across its two revenue lines.
Among Shenandoah Telecommunications' product and service lines that make up at least 2% of revenue, Residential & Smb - Glo Fiber Expansion Markets grew fastest in fiscal 2025, up 42.7% from $57.87M to $82.56M.
Every figure comes from Shenandoah Telecommunications' annual financial filings, as reported. Each line keeps the name Shenandoah Telecommunications gives it, and years follow its fiscal calendar.
Shenandoah Telecommunications' revenue by product and service goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.