SHEN (SHEN) revenue breakdown
By segment, Broadband is the largest at 94% of fiscal 2023 revenue; Tower grew fastest, 18% a year over 6 years.
By product, Residential And SMB - Incumbent Broadband Markets is the largest at 47% of fiscal 2025 revenue; Residential And SMB - Glo Fiber Expansion Markets grew fastest, 65% a year over 3 years.
Revenue by segment
Fiscal years, as SHEN reports them in its 10-K filings; fiscal 2023 total $288M.
| Segments | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Share |
|---|---|---|---|---|---|---|---|---|
| Broadband | $162M | $173M | $194M | $204M | $228M | $249M | $269M | 94% |
| Tower | $7M | $7M | $13M | $17M | $18M | $19M | $19M | 6% |
| Wireless | $443M | $450M | — | — | — | — | — | — |
Revenue by product
Fiscal years, as SHEN reports them in its 10-K filings; fiscal 2025 total $358M.
| Products | 2017 | 2018 | 2019 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|
| Residential And SMB - Incumbent Broadband Markets | — | — | — | $176M | $175M | $175M | $170M | 47% |
| Residential And SMB - Glo Fiber Expansion Markets | — | — | — | $18M | $35M | $58M | $83M | 23% |
| Commercial Fiber | — | — | — | $39M | $44M | $70M | $79M | 22% |
| RLEC & Other | — | — | — | $16M | $15M | $25M | $26M | 7% |
| Service revenue and other | $602M | $562M | $565M | — | — | — | — | — |
| Equipment | $10M | $68M | $69M | — | — | — | — | — |
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Where does SHEN make its money?
In fiscal 2023, by segment: Broadband $269M, Tower $19M.
From SHEN's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.