CMLS · Cumulus Media Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $741.70M | $827.08M | $844.55M | $953.51M | $916.47M | $816.22M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $378.06M | $376.84M | $377.03M | $383.38M | $376.83M | $367.69M |
| Total Operating Expenses | $879.83M | $1.07B | $885.83M | $873.72M | $847.35M | $826.82M |
| D&A | $54.34M | $59.12M | $58.18M | $56.39M | $53.55M | $52.29M |
| Operating Income | ($138.14M) | ($239.66M) | ($41.28M) | $79.79M | $69.12M | ($10.60M) |
| Interest Expense | $65.23M | $68.78M | $71.27M | $64.89M | $67.85M | $68.10M |
| Income Tax | ($1.78M) | ($9.77M) | $17.18M | $3.37M | $2.98M | ($19.25M) |
| Net Income | ($200.70M) | ($283.25M) | ($117.88M) | $16.23M | $17.28M | ($59.72M) |
| EPS - Basic | ($11.55) | ($16.79) | ($6.83) | $0.83 | $0.84 | ($2.94) |
| EPS - Diluted | ($11.55) | ($16.79) | ($6.83) | $0.81 | $0.83 | ($2.94) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $81.98M | $63.84M | $80.66M | $107.43M | $177.03M | $271.76M |
| Accounts Receivable | $134.14M | $161.99M | $180.71M | $210.25M | $196.93M | $201.28M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $14.58M | $10.57M | $13.74M | $8.15M | $4.89M | $5.25M |
| Current Assets | $242.85M | $248.05M | $286.90M | $345.27M | $406.52M | $502.96M |
| Total Assets | $940.96M | $1.12B | $1.44B | $1.61B | $1.72B | $1.86B |
| Current Liabilities | $157.94M | $133.78M | $143.74M | $145.61M | $139.81M | $129.04M |
| Long-term Debt | $694.81M | $669.04M | $672.42M | $714.46M | $798.92M | $967.66M |
| Total Liabilities | $1.13B | $1.11B | $1.15B | $1.20B | $1.30B | $1.46B |
| Stockholders' Equity | ($191.52M) | $6.95M | $286.58M | $408.40M | $419.50M | $397.59M |
| Retained Earnings | ($505.36M) | ($304.66M) | ($21.40M) | $96.48M | $80.24M | $62.96M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($21.34M) | ($3.12M) | $31.66M | $78.48M | $68.52M | $33.21M |
| Investing Cash Flow | ($7.86M) | ($4.23M) | ($6.82M) | ($26.24M) | ($1.54M) | $64.36M |
| Financing Cash Flow | $47.34M | ($9.47M) | ($51.61M) | ($121.84M) | ($161.71M) | $157.19M |
| CapEx | $20.24M | $19.46M | $24.81M | $31.06M | $29.09M | $14.87M |
| Free Cash Flow | ($41.57M) | ($22.58M) | $6.85M | $47.42M | $39.43M | $18.34M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | -18.6% | -29.0% | -4.9% | 8.4% | 7.5% | -1.3% |
| EBITDA margin | -11.3% | -21.8% | 2.0% | 14.3% | 13.4% | 5.1% |
| Net margin | -27.1% | -34.2% | -14.0% | 1.7% | 1.9% | -7.3% |
| Free cash flow margin | -5.6% | -2.7% | 0.8% | 5.0% | 4.3% | 2.2% |
| FCF / Net income | 0.21 | 0.08 | -0.06 | 2.92 | 2.28 | -0.31 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 51.0% | 45.6% | 44.6% | 40.2% | 41.1% | 45.0% |
| Effective tax rate | - | - | - | 17.2% | 14.7% | - |
| Return on assets | -21.3% | -25.3% | -8.2% | 1.0% | 1.0% | -3.2% |
| Return on equity | 104.8% | -4075.0% | -41.1% | 4.0% | 4.1% | -15.0% |
| Return on invested capital | -21.7% | -28.0% | -3.4% | 5.9% | 4.8% | -0.6% |
| Liquidity | ||||||
| Current ratio | 1.54 | 1.85 | 2.00 | 2.37 | 2.91 | 3.90 |
| Quick ratio | 1.54 | 1.85 | 2.00 | 2.37 | 2.91 | 3.90 |
| Cash ratio | 0.52 | 0.48 | 0.56 | 0.74 | 1.27 | 2.11 |
| Leverage | ||||||
| Debt / Equity | -3.63 | 96.25 | 2.35 | 1.75 | 1.90 | 2.43 |
| Debt / Assets | 0.74 | 0.60 | 0.47 | 0.44 | 0.47 | 0.52 |
| Debt / EBITDA | - | - | 39.79 | 5.25 | 6.51 | 23.21 |
| Interest coverage | -2.1x | -3.5x | -0.6x | 1.2x | 1.0x | -0.2x |
| Equity multiplier | -4.91 | 160.93 | 5.03 | 3.94 | 4.09 | 4.68 |
| Liabilities / Assets | 1.20 | 0.99 | 0.80 | 0.75 | 0.76 | 0.79 |
| Efficiency | ||||||
| Asset turnover | 0.79 | 0.74 | 0.59 | 0.59 | 0.53 | 0.44 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 66d | 71d | 78d | 80d | 78d | 90d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -10.3% | -2.1% | -11.4% | 4.0% | 12.3% | -26.7% |
| Revenue CAGR (3y) | -8.0% | -3.4% | 1.1% | -5.0% | - | - |
| Revenue CAGR (5y) | -1.9% | -5.8% | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 42.4% | -480.6% | - | 15.4% | - | - |
| Net income growth (YoY) | 29.1% | -140.3% | - | -6.0% | - | - |
| EPS growth (YoY) | 31.2% | -145.8% | - | -2.4% | - | - |
| EPS CAGR (3y) | - | - | - | -35.5% | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -84.1% | - | -85.6% | 20.3% | 115.0% | -75.5% |
| FCF CAGR (5y) | - | - | - | -2.8% | 25.4% | -21.9% |
| Book value growth (YoY) | - | -97.6% | -29.8% | -2.6% | 5.5% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$1.29B totalBroadcast Radio Revenue$474.50M · 36.7%
Spot Revenue$338.64M · 26.2%
Digital Revenue$151.28M · 11.7%
Network Revenue$135.86M · 10.5%
Other Revenue$115.91M · 9.0%
Tradeand Barter Transactions$78.40M · 6.1%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
-0.13
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
3/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Radio Broadcasting Stations
Comparing CUMULUS MEDIA INC against the 5 most active filers in the same SIC group.