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OTC · Telecommunications

Cumulus Media Inc (CMLSQ)

Cumulus Media Inc brought in $700.7M of revenue over the twelve months to June 30, 2026, down 11.9% from a year earlier. It posted a net loss of $181.6M. In fiscal 2025 capital spending exceeded operating cash flow by $41.6M. At June 30, 2026 it held $61.1M in cash against $2M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 14, 2026.

Watch CMLSQ in 60 seconds
Price
$0.01
-36.25% on the day · September 28, 2026
52-week range $0.00 to $0.16
Market cap
$88.3K
Revenue (last 12 months)
$700.7M
-11.9% year on year
Net margin
-25.9%

What Cumulus Media Inc does

Cumulus Media Inc is registered with the SEC under industry code SIC 4832 (Radio Broadcasting Stations). Its shares trade on OTC under the ticker CMLSQ.

Revenue and profit by year

Revenue
FY17: $1.1B $1.1B FY17FY19: $1.1B $1.1B FY19FY20: $816.2M $816.2M FY20FY21: $916.5M $916.5M FY21FY22: $953.5M $953.5M FY22FY23: $844.5M $844.5M FY23FY24: $827.1M $827.1M FY24FY25: $741.7M $741.7M FY25
Net income
FY17: -$206.6M -$206.6M FY17FY19: $61.3M $61.3M FY19FY20: -$59.7M -$59.7M FY20FY21: $17.3M $17.3M FY21FY22: $16.2M $16.2M FY22FY23: -$117.9M -$117.9M FY23FY24: -$283.3M -$283.3M FY24FY25: -$200.7M -$200.7M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$741.7M-$138.1M-$200.7M-$11.55-$41.6M
2024$827.1M-$239.7M-$283.3M-$16.79-$22.6M
2023$844.5M-$41.3M-$117.9M-$6.83$6.8M
2022$953.5M$79.8M$16.2M$0.81$47.4M
2021$916.5M$69.1M$17.3M$0.83$39.4M
2020$816.2M-$10.6M-$59.7M-$2.94$18.3M

Full financial statements: income, balance sheet and cash flow

Next report expected around October 29, 2026.

Estimated from its filing rhythm: 52 weeks after its report of October 30, 2025. Not a date the company has announced. See the report calendar

Where CMLSQ ranks in Telecommunications

Revenue$741.7M
#32 of 75 in Telecommunications · Top 42%
Revenue growth-10.3%
#63 of 71 in Telecommunications · Bottom 11%
Net margin-27.1%
#60 of 71 in Telecommunications · Bottom 16%
Free cash flow margin-5.6%
#57 of 66 in Telecommunications · Bottom 14%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Telecommunications

Latest SEC filings

What Cumulus Media Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. August 14, 2026
  2. August 14, 2026
    Quarterly report 10-Q · period to June 30, 2026Revenue fell 9.7% to $167.9M versus the same quarter last year; diluted EPS -$0.52 versus -$0.74.
  3. August 14, 2026
  4. April 30, 2026
    Annual report (amended) 10-K/A · period to December 31, 2025Revenue fell 10% to $741.7M versus the prior year; diluted EPS -$11.55 versus -$16.79.
  5. April 29, 2026
    Quarterly report 10-Q · period to March 31, 2026Revenue fell 12% to $164.4M versus the same quarter last year; diluted EPS -$0.96 versus -$1.88.
  6. April 29, 2026
  7. April 17, 2026
  8. April 10, 2026
    Annual report 10-K · period to December 31, 2025Revenue fell 10% to $741.7M versus the prior year; diluted EPS -$11.55 versus -$16.79.
  9. April 10, 2026
  10. March 31, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on February 25, 2025. Insider transactions on SEC

Who owns CMLSQ

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Zazove Associates LLC13G, passive with 2 related filers 7.9% 1,361,896 August 14, 2026

Latest filings below 5%: Seaport Global Asset Management LLC 1.8% (October 2, 2025); Renew Group Private Ltd 0% (April 29, 2025).

Largest institutional holders

No Form 13F positions imported for this company yet.

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

We have not read this company's Form 4 filings yet.

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about CMLSQ

What does Cumulus Media Inc do?

Cumulus Media Inc is registered with the SEC under industry code SIC 4832 (Radio Broadcasting Stations). Its shares trade on OTC under the ticker CMLSQ.

Is Cumulus Media Inc profitable?

No. Over the twelve months to June 30, 2026 it reported a net loss of $181.6M on revenue of $700.7M.

How much revenue does Cumulus Media Inc make?

Over the twelve months to June 30, 2026 Cumulus Media Inc reported revenue of $700.7M. That is 11.9% less than a year earlier.

When did Cumulus Media Inc last report?

Its most recent periodic report is the quarterly report (10-Q) filed on August 14, 2026. It covers the period to June 30, 2026.

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Where the numbers come from

Financial figures are the values Cumulus Media Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.