Residential & Smb - Incumbent Broadband Markets was Shenandoah Telecommunications’s largest product and service line in fiscal 2025, bringing in $169.67M of $357.85M (47%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Service Revenue | — | — | — | — | ||||||
| Postpaid | — | — | — | — | ||||||
| Residential & Smb - Incumbent Broadband Markets | $175.68M | $174.71M | $174.80M | $169.67M | ||||||
| Residential & Smb - Cable Markets | — | — | — | — | ||||||
| Residential & Smb | — | — | — | — | ||||||
| Cable, Residential & Smb | — | — | — | — | ||||||
| Prepaid | — | — | — | — | ||||||
| Residential & Smb - Glo Fiber Expansion Markets | $18.29M | $35.10M | $57.87M | $82.56M | ||||||
| Other | — | — | — | — | ||||||
| Commercial Fiber | $38.82M | $44.30M | $70.06M | $79.32M | ||||||
| Travel, Installation, & Other | — | — | — | — | ||||||
| Rlec & Other | $16.12M | $15.02M | $25.33M | $26.31M | ||||||
| Rural Local Exchange Carrier | — | — | — | — | ||||||
| Fiber, Enterprise & Wholesale | — | — | — | — | ||||||
| Intersegment Eliminations | — | — | — | — | ||||||
| Equipment Revenue | — | — | — | — | ||||||
| Equipment | — | — | — | — | ||||||
| Residential & Smb - Glo Fiber Markets | — | — | — | — | ||||||
| Tower Lease | — | — | — | — | ||||||
| Total | $248.91M | $269.13M | $328.06M | $357.85M |
Shenandoah Telecommunications brought in $357.85M from its four product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 9.1% from $328.06M in fiscal 2024. Residential & Smb - Incumbent Broadband Markets was the largest at $169.67M (47.4%), ahead of Residential & Smb - Glo Fiber Expansion Markets at $82.56M (23.1%) and Commercial Fiber at $79.32M (22.2%). The remaining line, Rlec & Other, brought in $26.31M.
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. From fiscal 2022 to 2025, combined revenue from these lines grew from $248.91M to $357.85M, a compound annual growth rate of 12.9%. Residential & Smb - Incumbent Broadband Markets' share of the total fell from 70.6% to 47.4%.
Shenandoah Telecommunications (SHEN) reports its revenue by product and service. In fiscal 2025, Residential & Smb - Incumbent Broadband Markets was its largest product and service line, bringing in $169.67M (47.4% of the total), followed by Residential & Smb - Glo Fiber Expansion Markets at $82.56M (23.1%).
Residential & Smb - Incumbent Broadband Markets was Shenandoah Telecommunications' largest product and service line in fiscal 2025, bringing in $169.67M, or 47.4% of the $357.85M total across its four product and service 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.