TSQ · Townsquare 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 | $96.78M | - | $106.76M | $115.45M | $98.67M | - | $115.31M | $118.22M | $99.63M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | $21.20M | - | $31.52M | $32.71M | $22.74M | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $4.82M | - | $5.99M | $6.20M | $4.72M | - | $6.06M | $6.48M | $5.22M | - |
| Total Operating Expenses | $98.06M | - | $100.82M | $94.40M | $91.54M | - | $100.21M | $139.59M | $92.99M | - |
| D&A | $4.70M | - | $4.65M | $4.56M | $4.42M | - | $4.95M | $5.01M | $4.93M | - |
| Operating Income | ($1.27M) | - | $5.94M | $21.05M | $7.13M | - | $15.10M | ($21.37M) | $6.64M | - |
| Interest Expense | $11.33M | - | $12.61M | $12.65M | $9.03M | - | $9.34M | $9.31M | $9.03M | - |
| Income Tax | ($15.67M) | - | ($1.06M) | $6.29M | ($3.04M) | - | ($5.13M) | $18.82M | $207.0K | - |
| Net Income | $2.77M | - | ($5.90M) | $1.57M | ($1.98M) | - | $10.85M | ($49.24M) | $1.14M | - |
| EPS - Basic | $0.17 | - | $0.71 | $0.10 | $0.07 | - | - | - | - | - |
| EPS - Diluted | $0.16 | - | ($0.36) | $0.09 | $0.06 | - | $0.63 | ($0.19) | - | - |
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 | $2.18M | $4.76M | $3.21M | $3.18M | $5.53M | $32.99M | $21.79M | $28.51M | $56.60M | $61.05M |
| Accounts Receivable | $49.14M | $52.05M | $55.49M | $59.75M | $51.60M | $60.63M | $57.65M | $60.53M | $53.89M | $60.78M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $7.08M | $6.89M | $8.95M | $9.93M | $7.36M | $4.45M | $3.80M | $4.71M | $4.54M | $5.04M |
| Current Assets | $66.10M | $69.39M | $72.23M | $76.90M | $70.87M | $105.45M | $92.20M | $100.86M | $121.32M | $132.18M |
| Total Assets | $516.06M | $528.62M | $539.23M | $545.73M | $544.52M | $580.41M | $565.42M | $579.63M | $636.70M | $652.05M |
| Current Liabilities | $80.10M | $82.23M | $81.72M | $78.58M | $72.61M | $76.26M | $66.87M | $74.42M | $69.34M | $76.09M |
| Long-term Debt | $422.42M | $421.25M | $425.85M | $427.97M | $436.66M | $465.76M | $476.70M | $487.06M | $500.11M | $499.66M |
| Total Liabilities | $552.30M | $569.61M | $573.20M | $572.82M | $571.34M | $608.86M | $617.88M | $643.77M | $634.86M | $642.14M |
| Stockholders' Equity | ($36.25M) | ($40.99M) | ($33.96M) | ($27.09M) | ($26.83M) | ($28.44M) | ($52.46M) | ($64.14M) | $1.84M | $9.91M |
| Retained Earnings | ($354.39M) | ($353.19M) | ($344.68M) | ($335.26M) | ($333.31M) | ($327.82M) | ($349.00M) | ($356.63M) | ($304.21M) | ($302.19M) |
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 | $4.20M | - | - | - | ($66.0K) | - | - | - | $1.67M | - |
| Investing Cash Flow | ($2.89M) | - | - | - | ($4.34M) | - | - | - | ($281.0K) | - |
| Financing Cash Flow | ($3.62M) | - | - | - | ($22.73M) | - | - | - | ($5.83M) | - |
| CapEx | $3.64M | - | - | - | $4.47M | - | - | - | $4.43M | - |
| Free Cash Flow | $558.0K | - | - | - | ($4.54M) | - | - | - | ($2.76M) | - |
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 | 21.9% | - | 29.5% | 28.3% | 23.0% | - | - | - | - | - |
| Operating margin | -1.3% | - | 5.6% | 18.2% | 7.2% | - | 13.1% | -18.1% | 6.7% | - |
| EBITDA margin | 3.5% | - | 9.9% | 22.2% | 11.7% | - | 17.4% | -13.8% | 11.6% | - |
| Net margin | 2.9% | - | -5.5% | 1.4% | -2.0% | - | 9.4% | -41.7% | 1.1% | - |
| Free cash flow margin | 0.6% | - | - | - | -4.6% | - | - | - | -2.8% | - |
| FCF / Net income | 0.20 | - | - | - | 2.29 | - | - | - | -2.43 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 5.0% | - | 5.6% | 5.4% | 4.8% | - | 5.3% | 5.5% | 5.2% | - |
| Effective tax rate | - | - | - | 80.1% | - | - | -89.7% | - | 15.4% | - |
| Return on assets | 0.5% | - | -1.1% | 0.3% | -0.4% | - | 1.9% | -8.5% | 0.2% | - |
| Return on equity | -7.7% | - | 17.4% | -5.8% | 7.4% | - | -20.7% | 76.8% | 61.7% | - |
| Return on invested capital | -0.3% | - | 1.2% | 2.6% | 1.4% | - | 3.6% | -4.0% | 1.1% | - |
| Liquidity | ||||||||||
| Current ratio | 0.83 | 0.84 | 0.88 | 0.98 | 0.98 | 1.38 | 1.38 | 1.36 | 1.75 | 1.74 |
| Quick ratio | 0.83 | 0.84 | 0.88 | 0.98 | 0.98 | 1.38 | 1.38 | 1.36 | 1.75 | 1.74 |
| Cash ratio | 0.03 | 0.06 | 0.04 | 0.04 | 0.08 | 0.43 | 0.33 | 0.38 | 0.82 | 0.80 |
| Leverage | ||||||||||
| Debt / Equity | -11.65 | -10.28 | -12.54 | -15.80 | -16.28 | -16.38 | -9.09 | -7.59 | 271.80 | 50.41 |
| Debt / Assets | 0.82 | 0.80 | 0.79 | 0.78 | 0.80 | 0.80 | 0.84 | 0.84 | 0.79 | 0.77 |
| Debt / EBITDA | 123.44 | - | 40.24 | 16.71 | 37.81 | - | 23.78 | - | 43.21 | - |
| Interest coverage | -0.1x | - | 0.5x | 1.7x | 0.8x | - | 1.6x | -2.3x | 0.7x | - |
| Equity multiplier | -14.24 | -12.90 | -15.88 | -20.14 | -20.30 | -20.41 | -10.78 | -9.04 | 346.03 | 65.79 |
| Liabilities / Assets | 1.07 | 1.08 | 1.06 | 1.05 | 1.05 | 1.05 | 1.09 | 1.11 | 1.00 | 0.98 |
| Efficiency | ||||||||||
| Asset turnover | 0.19 | - | 0.20 | 0.21 | 0.18 | - | 0.20 | 0.20 | 0.16 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 185d | - | 190d | 189d | 191d | - | 182d | 187d | 197d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 33.9x | - | - | 87.9x | 135.7x | - | 16.1x | - | - | - |
| P / B | - | - | - | - | - | - | - | - | 112.0x | - |
| P / S | 1.0x | - | 1.0x | 1.1x | 1.3x | - | 1.5x | 1.4x | 2.1x | - |
| EV / EBITDA | 150.9x | - | 50.3x | 21.7x | 48.5x | - | 31.4x | - | 56.1x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -1.9% | - | -7.4% | -2.3% | -1.0% | - | 0.2% | -2.5% | -3.4% | - |
| Revenue CAGR (3y) | -2.1% | - | -4.0% | -1.8% | -0.5% | - | 1.2% | 3.3% | 3.9% | - |
| Revenue CAGR (5y) | 1.7% | - | 2.3% | 9.3% | 1.1% | - | 0.5% | 0.9% | 1.2% | - |
| Gross profit growth (YoY) | -6.7% | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | -60.7% | - | 7.4% | - | - | -342.6% | 56.7% | - |
| Net income growth (YoY) | - | - | - | - | - | - | - | -1438.9% | - | - |
| EPS growth (YoY) | 166.7% | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | -64.7% | - | - | - | - | - |
| FCF CAGR (5y) | -49.8% | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -35.1% | -44.1% | 35.3% | 57.8% | - | - | - | - | -97.2% | -85.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$417.23M totalBroadcast Advertising Segment$181.51M · 43.5%
Digital Advertising Segment$160.87M · 38.6%
Subscription Digital Marketing Solutions Segment$74.84M · 17.9%
Product / service
$14.50M totalBarter And Trade Advertising$14.50M · 100.0%
Peer comparison
Same SIC group: Radio Broadcasting Stations
Comparing Townsquare Media against the 5 most active filers in the same SIC group.
Dividends
$0.80/share trailing 12 months · +0.8% YoY
| Ex-date | Per share |
|---|---|
| Apr 27, 2026 | $0.2000 |
| Jan 26, 2026 | $0.2000 |
| Oct 27, 2025 | $0.2000 |
| Jul 18, 2025 | $0.2000 |
| Apr 17, 2025 | $0.2000 |
| Jan 21, 2025 | $0.1980 |
| Oct 15, 2024 | $0.1980 |
| Jul 15, 2024 | $0.1980 |
| Apr 4, 2024 | $0.1980 |
| Dec 29, 2023 | $0.1880 |
| Sep 29, 2023 | $0.1880 |
| Jun 29, 2023 | $0.1880 |
| Mar 24, 2023 | $0.1880 |
| Apr 1, 2020 | $0.0750 |
| Dec 26, 2019 | $0.0750 |
| Sep 25, 2019 | $0.0750 |
| Jun 27, 2019 | $0.0750 |
| Apr 1, 2019 | $0.0750 |
| Dec 26, 2018 | $0.0750 |
| Sep 26, 2018 | $0.0750 |
| Jun 27, 2018 | $0.0750 |
| Mar 29, 2018 | $0.0750 |