Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data CUMULUS MEDIA INC files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2015
FY2016
FY2017
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
1,169
1,141
1,136
1,113
816
916
954
845
827
742
Cost of revenue
3.5
Gross profit
1,110
Selling, general and administrative
477
473
478
461
368
377
383
377
377
378
General and administrative
73.4
40.1
59.1
58
49.2
74.8
62.5
70
80.7
67.5
Operating expenses
1,647
1,550
1,346
947
827
847
874
886
1,067
880
Operating income
-479
-409
-210
166
-10.6
69.1
79.8
-41.3
-240
-138
Interest expense
142
139
127
82.9
68.1
67.8
64.9
71.3
68.8
65.2
Interest income
0.43
0.49
0.14
0.03
0.01
0.34
2.36
0.53
1
Other non-operating income
-114
-128
-160
-82.7
-68.4
-48.9
-60.2
-59.4
-53.4
-64.3
Pre-tax income
-592
-537
-370
83.5
-79
20.3
19.6
-101
-293
-202
Income tax
-45.8
-26.2
-164
22.3
-19.2
2.98
3.37
17.2
-9.77
-1.78
Income from continuing operations
-546
-511
Net income
-546
-511
-207
61.3
-59.7
17.3
16.2
-118
-283
-201
EBITDA
-376
-322
-148
219
41.7
123
136
16.9
-181
-83.8
EPS, basic
-2.34
3.04
-2.94
0.84
0.83
-6.83
-16.79
-11.55
EPS, diluted
-2.34
3.02
-2.94
0.83
0.81
-6.83
-16.79
-11.55
Shares, basic (weighted)
29.2
29.3
29.3
20.1
20.3
20.5
19.6
17.3
16.9
17.4
Shares, diluted (weighted)
29.2
29.3
29.3
20.3
20.3
20.9
20
17.3
16.9
17.4
Balance sheet
FY2015
FY2016
FY2017
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
31.7
131
103
15.1
272
177
63.8
80.7
63.8
82
Receivables
243
232
235
243
201
197
210
181
162
134
Other current assets
26.9
33.9
42.3
31.3
27.9
30.7
25.5
24
19.4
19.5
Total current assets
359
440
394
381
503
407
345
287
248
243
Property, plant and equipment
169
162
192
233
209
192
190
181
161
121
Lease right-of-use assets
143
158
143
135
119
102
102
Goodwill
703
135
135
0
Intangible assets
175
116
83
995
970
962
923
838
595
468
Other non-current assets
17.7
18.8
20.1
9.41
12.8
7.76
9.15
16.5
12
7.27
Total assets
3,002
2,413
2,027
1,761
1,860
1,717
1,609
1,440
1,119
941
Accounts payable
24
12.7
1.93
0.86
5.25
4.89
8.15
13.7
10.6
14.6
Accrued liabilities
36.2
29.3
20.6
36.6
26
20.4
20.2
17.2
Short-term debt
0
0
0
5.25
5.25
0
0
23.9
Total current liabilities
123
101
36.2
140
129
140
146
144
134
158
Long-term debt
1,801
1,780
0
1,006
968
799
714
672
669
695
Lease liabilities
111
129
126
120
113
99.3
96.1
Other non-current liabilities
44.8
31.4
0.05
10.6
13.4
13.9
6.99
6.2
7.52
7.44
Total liabilities
2,986
2,904
2,723
1,306
1,462
1,298
1,201
1,154
1,112
1,132
Total debt
2,403
2,384
2,332
1,006
968
799
714
672
642
697
Paid-in capital
1,622
1,625
1,626
334
337
342
348
354
358
361
Retained earnings
-1,377
-1,888
-2,094
123
63
80.2
96.5
-21.4
-305
-505
Treasury stock
-229
-229
-229
-1.17
-2.41
-2.98
-36.5
-45.7
-46.8
-47.1
Shareholders' equity
16
-492
-696
455
398
419
408
287
6.95
-192
Total equity
16
-492
-696
455
398
419
408
287
6.95
-192
Total liabilities and equity
3,002
2,413
2,027
1,761
1,860
1,717
1,609
1,440
1,119
941
Shares outstanding
20.4
20.5
18.2
16.5
17
17.4
Cash flow statement
FY2015
FY2016
FY2017
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-546
-511
-207
61.3
-59.7
17.3
16.2
-118
-283
-201
Depreciation and amortization
102
87.3
62.2
52.6
52.3
53.5
56.4
58.2
59.1
54.3
Stock-based compensation
21
2.95
1.61
5.3
3.34
5.19
6.23
5.27
4.71
2.5
Deferred income tax
-48.3
-27.8
-168
8.66
-28.8
1.42
1.04
17.6
-10
-2.33
Change in receivables
0.37
10.7
-9.47
3.43
33.9
4.53
-16.7
26.4
21.7
27.7
Change in payables
-34.1
-16.8
46.6
-32.8
-4.81
12.6
-0.29
-2.52
-11.5
-1.62
Cash from operations
82.4
35.7
86.6
104
33.2
68.5
78.5
31.7
-3.12
-21.3
Capital expenditures
-19.2
-23
-31.9
-29.5
-14.9
-29.1
-31.1
-24.8
-19.5
-20.2
Acquisitions
0
0
0
Cash from investing
-7.96
83.9
-26.8
118
64.4
-1.54
-26.2
-6.82
-4.23
-7.86
Debt issued
500
0
Debt repaid
-50
-20
-81.7
-1,243
-47.2
-3.14
-64.6
-25.9
-0.33
0
Stock issued
0
0
Share buybacks
0
-31.9
-7.79
0
Cash from financing
-50.1
-20
-88.1
-235
157
-162
-122
-51.6
-9.47
47.3
Net change in cash
24.4
99.6
-28.4
-13
255
-94.7
-69.6
-26.8
-16.8
18.1
Free cash flow
63.2
12.7
54.7
74.8
18.3
39.4
47.4
6.85
-22.6
-41.6
Interest paid
129
127
96.2
76.8
62.5
59.7
47.1
63.4
68.3
66.7
Income taxes paid
2.62
4.45
3.78
18.6
5.78
6.2
7.36
0.48
-1.96
-0.42
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $0.01 on September 28, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
-21.6%
Operating income / revenue.
EBITDA margin
-14.4%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-26.3%
Pre-tax income / revenue.
Net margin
-25.9%
Net income / revenue.
FCF margin
-6.1%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-3.8%
Cash from operations / revenue.
Return on assets (ROA)
-20.3%
Net income / average total assets.
SG&A / revenue
51.6%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
0.2%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
2.3%
Capital expenditures / revenue.
D&A / revenue
7.2%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-10.3%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-8.0%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
-1.9%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y
-2,855.0%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-15.9%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-16.4%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
-12.7%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
3.0%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
-4.6%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
-3.1%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
3.65x
Current assets / current liabilities.
Quick ratio
3.03x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
1.06x
(Cash + short-term investments) / current liabilities.
Debt / assets
0.2%
Total debt / total assets.
Liabilities / assets
124.3%
Total liabilities / total assets.
Net debt
-$59.1M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$39.66
Revenue / diluted weighted shares.
FCF per share
-$2.43
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$1.51
Cash from operations / diluted weighted shares.
Book value per share
-$12.29
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
0.00x
Market cap / revenue.
FCF yield
-48,690.0%
Free cash flow / market cap.
Earnings yield
-205,554.0%
Net income / market cap (the inverse of P/E).
What was CUMULUS MEDIA INC's revenue in fiscal 2025?
CUMULUS MEDIA INC reported revenue of $741.7M for fiscal 2025, 10.3% lower than the year before.
Was CUMULUS MEDIA INC profitable in fiscal 2025?
No. It reported a net loss of $200.7M.
How much free cash flow did CUMULUS MEDIA INC generate in fiscal 2025?
Cash from operations of $21.3M minus capital expenditures of $20.2M left free cash flow of -$41.6M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.