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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $164.45M | - | $180.25M | $186.02M | $187.35M | - | $203.60M | $204.85M | $200.05M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $84.41M | - | $93.80M | $93.23M | $93.38M | - | $93.89M | $94.36M | $94.76M | - |
| Total Operating Expenses | $190.87M | - | $184.56M | $182.34M | $202.12M | - | $196.92M | $214.43M | $210.53M | - |
| D&A | $12.28M | - | $12.73M | $14.12M | $14.80M | - | $14.72M | $14.68M | $14.87M | - |
| Operating Income | ($26.42M) | - | ($4.31M) | $3.68M | ($14.77M) | - | $6.68M | ($9.58M) | ($10.47M) | - |
| Interest Expense | $12.04M | - | $16.61M | $16.31M | $17.36M | - | $17.04M | $33.10M | $17.36M | - |
| Income Tax | $540.0K | - | ($167.0K) | $372.0K | $1.65M | - | ($41.0K) | $779.0K | $1.50M | - |
| Net Income | ($16.86M) | - | ($20.41M) | ($12.82M) | ($32.37M) | - | ($10.32M) | ($27.70M) | ($14.15M) | - |
| EPS - Basic | ($0.96) | - | ($1.17) | ($0.74) | ($1.88) | - | ($0.61) | ($1.64) | ($0.85) | - |
| EPS - Diluted | ($0.96) | - | ($1.17) | ($0.74) | ($1.88) | - | ($0.61) | ($1.64) | ($0.85) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $57.61M | $81.98M | $90.41M | $96.75M | $52.69M | $63.84M | $52.15M | $53.49M | $68.34M | $80.66M |
| Accounts Receivable | $123.68M | $134.14M | $134.18M | $146.51M | $150.78M | $161.99M | $167.91M | $170.56M | $170.44M | $180.71M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $0 | $14.58M | $3.61M | $3.06M | $2.66M | $10.57M | $3.36M | $3.11M | $2.90M | $13.74M |
| Current Assets | $213.79M | $242.85M | $265.36M | $280.62M | $228.90M | $248.05M | $254.53M | $261.06M | $276.24M | $286.90M |
| Total Assets | $903.43M | $940.96M | $1.08B | $1.11B | $1.07B | $1.12B | $1.36B | $1.38B | $1.42B | $1.44B |
| Current Liabilities | $36.50M | $157.94M | $152.31M | $130.06M | $137.16M | $133.78M | $134.38M | $138.82M | $139.84M | $143.74M |
| Long-term Debt | $0 | $694.81M | $696.20M | $720.21M | $666.54M | $669.04M | $670.31M | $671.56M | $672.75M | $672.42M |
| Total Liabilities | $1.11B | $1.13B | $1.14B | $1.14B | $1.10B | $1.11B | $1.13B | $1.14B | $1.15B | $1.15B |
| Stockholders' Equity | ($207.87M) | ($191.52M) | ($56.92M) | ($37.09M) | ($24.84M) | $6.95M | $236.78M | $246.05M | $272.42M | $286.58M |
| Retained Earnings | ($522.22M) | ($505.36M) | ($370.25M) | ($349.85M) | ($337.02M) | ($304.66M) | ($73.58M) | ($63.26M) | ($35.56M) | ($21.40M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($19.57M) | - | - | - | ($3.82M) | - | - | - | ($16.11M) | - |
| Investing Cash Flow | ($3.42M) | - | - | - | ($5.06M) | - | - | - | $6.74M | - |
| Financing Cash Flow | ($1.38M) | - | - | - | ($2.26M) | - | - | - | ($2.95M) | - |
| CapEx | $3.89M | - | - | - | $5.54M | - | - | - | $8.17M | - |
| Free Cash Flow | ($23.46M) | - | - | - | ($9.36M) | - | - | - | ($24.27M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -16.1% | - | -2.4% | 2.0% | -7.9% | - | 3.3% | -4.7% | -5.2% | - |
| EBITDA margin | -8.6% | - | 4.7% | 9.6% | 0.0% | - | 10.5% | 2.5% | 2.2% | - |
| Net margin | -10.3% | - | -11.3% | -6.9% | -17.3% | - | -5.1% | -13.5% | -7.1% | - |
| Free cash flow margin | -14.3% | - | - | - | -5.0% | - | - | - | -12.1% | - |
| FCF / Net income | 1.39 | - | - | - | 0.29 | - | - | - | 1.71 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 51.3% | - | 52.0% | 50.1% | 49.8% | - | 46.1% | 46.1% | 47.4% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -1.9% | - | -1.9% | -1.2% | -3.0% | - | -0.8% | -2.0% | -1.0% | - |
| Return on equity | 8.1% | - | 35.9% | 34.6% | 130.3% | - | -4.4% | -11.3% | -5.2% | - |
| Return on invested capital | - | - | -0.5% | 0.4% | -1.8% | - | 0.6% | -0.8% | -0.9% | - |
| Liquidity | ||||||||||
| Current ratio | 5.86 | 1.54 | 1.74 | 2.16 | 1.67 | 1.85 | 1.89 | 1.88 | 1.98 | 2.00 |
| Quick ratio | 5.86 | 1.54 | 1.74 | 2.16 | 1.67 | 1.85 | 1.89 | 1.88 | 1.98 | 2.00 |
| Cash ratio | 1.58 | 0.52 | 0.59 | 0.74 | 0.38 | 0.48 | 0.39 | 0.39 | 0.49 | 0.56 |
| Leverage | ||||||||||
| Debt / Equity | 0.00 | -3.63 | -12.23 | -19.42 | -26.83 | 96.25 | 2.83 | 2.73 | 2.47 | 2.35 |
| Debt / Assets | 0.00 | 0.74 | 0.65 | 0.65 | 0.62 | 0.60 | 0.49 | 0.48 | 0.47 | 0.47 |
| Debt / EBITDA | - | - | 82.71 | 40.47 | 30297.18 | - | 31.32 | 131.76 | 153.07 | - |
| Interest coverage | -2.2x | - | -0.3x | 0.2x | -0.9x | - | 0.4x | -0.3x | -0.6x | - |
| Equity multiplier | -4.35 | -4.91 | -18.94 | -29.82 | -43.15 | 160.93 | 5.76 | 5.63 | 5.21 | 5.03 |
| Liabilities / Assets | 1.23 | 1.20 | 1.05 | 1.03 | 1.02 | 0.99 | 0.83 | 0.82 | 0.81 | 0.80 |
| Efficiency | ||||||||||
| Asset turnover | 0.18 | - | 0.17 | 0.17 | 0.17 | - | 0.15 | 0.15 | 0.14 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 275d | - | 272d | 287d | 294d | - | 301d | 304d | 311d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -12.2% | - | -11.5% | -9.2% | -6.4% | - | -1.8% | -2.5% | -2.7% | - |
| Revenue CAGR (3y) | -7.2% | - | -8.3% | -7.7% | -6.9% | - | -5.0% | -3.0% | -0.3% | - |
| Revenue CAGR (5y) | -4.0% | - | -8.5% | 5.0% | -3.8% | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -78.8% | - | - | - | -41.1% | - | -62.0% | - | - | - |
| Net income growth (YoY) | 47.9% | - | -97.7% | 53.7% | -128.7% | - | - | -2493.5% | 34.1% | - |
| EPS growth (YoY) | 48.9% | - | -91.8% | 54.9% | -121.2% | - | - | -2633.3% | 27.4% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -150.5% | - | - | - | 61.4% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -736.8% | - | - | - | - | -97.6% | -38.3% | -35.1% | -29.3% | -29.8% |
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%
Peer comparison
Same SIC group: Radio Broadcasting Stations
Comparing CUMULUS MEDIA INC against the 5 most active filers in the same SIC group.