CUMULUS MEDIA INC

CMLS

CUMULUS MEDIA INC

CMLS

Insider Sentiment (TTM):

Last Purchase:-Last Sale:2022-05-02Shares Purchased (TTM):0Shares Sold (TTM):0

Institutional Sentiment:

As of:2025-06-30Institutional Shares Owned:1,682,389Shares Outstanding:17,440,084Institutional Ownership Pct.:9.65%

Earnings Market Reaction:

Filing Date:2026-04-29Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Term Loan Due2026	-	-	-	-	-	-	-	-	-	-	1	-
Common Class A	-	17	0	17	-17	17	0	0	0	17	0	0
Senior Notes6.75	-	-	-	-	-	-	-	-	-	0	-	0
Senior Notes	-	-	-	-	-	-	-	-	-	0	0	0
Common Class B	-	0	0	0	-0	0	0	0	0	0	0	0
Assets
Senior Notes675	-	-	-	-	-	-	-	-	-	-	0	-
Assets Current
Cash And Cash Equivalents At Carrying Value	61	58	82	90	97	53	64	52	53	68	81	83
Accounts Receivable Net Current	113	124	134	134	147	151	162	168	171	170	181	173
Assets Held For Sale Not Part Of Disposal Group Cu…	-	-	-	11	11	-	-	-	-	-	-	-
Prepaid Expense And Other Assets Current	28	23	19	26	21	23	19	30	32	35	24	30
Assets Current	210	214	243	265	281	229	248	255	261	276	287	289
Property Plant And Equipment Net	122	118	121	122	128	143	161	166	172	179	181	186
Operating Lease Right Of Use Asset	95	99	102	102	102	99	102	106	110	115	119	124
Indefinite Lived License Agreements	407	408	408	517	517	518	518	742	742	742	742	806
Other Intangible Assets Net	52	56	60	65	69	73	77	84	88	92	96	101
Other Assets Noncurrent	9	9	7	7	10	10	12	12	13	15	17	9
Assets	895	903	941	1,078	1,106	1,072	1,119	1,364	1,385	1,419	1,440	1,521
Liabilities And Stockhold…
Deferred Income Tax Assets Net	-	-	-	-	-	-	-	-	-	-	0	7
Liabilities Current
Accounts Payable And Accrued Liabilities Current	54	36	104	97	100	108	105	105	109	110	114	103
Operating Lease Liability Current	0	0	27	28	26	26	26	26	27	27	28	28
Accounts Payable Trade Current	1	0	2	4	3	3	2	3	3	3	2	3
Long Term Debt Current	2	0	24	24	1	1	0	-	-	-	-	-
Liabilities Current	57	36	158	152	130	137	134	134	139	140	144	134
Secured Long Term Debt	-	-	-	-	-	-	-	-	-	328	328	328
Other Long Term Debt Noncurrent	-	-	-	-	-	-	-	-	-	344	344	344
Long Term Debt Noncurrent	0	0	695	696	720	667	669	670	672	-	672	-
Operating Lease Liability Noncurrent	1	1	96	96	98	97	99	101	105	109	113	116
Finance Lease Liability Noncurrent	-	-	-	-	-	-	-	201	203	204	-	208
Other Liabilities Noncurrent	8	2	7	8	7	7	8	6	6	7	6	6
Deferred Income Tax Liabilities Net	1	0	0	4	4	4	2	14	14	14	12	1
Liabilities Subject To Compromise	1,044	1,072	-	-	-	-	-	-	-	-	-	-
Liabilities	1,112	1,111	1,132	1,135	1,143	1,097	1,112	1,128	1,139	1,146	1,154	1,138
Stockholders Equity
Treasury Stock Common Value	-47	-47	-47	-47	-47	-47	-47	-47	-47	-47	-46	-46
Additional Paid In Capital Common Stock	361	361	361	360	360	359	358	357	356	355	354	353
Retained Earnings Accumulated Deficit	-531	-522	-505	-370	-350	-337	-305	-74	-63	-36	-21	77
Stockholders Equity	-217	-208	-192	-57	-37	-25	7	237	246	272	287	383
Liabilities And Stockholders Equity	895	903	941	1,078	1,106	1,072	1,119	1,364	1,385	1,419	1,440	1,521
Allowance For Doubtful Accounts Receivable Current	5	4	4	4	4	4	5	6	6	6	6	6
Deferred Finance Costs Gross	-	-	-	-	-	-	-	-	-	1	-	1
Common Stock Shares Issued	24	24	23	23	23	23	23	22	22	22	22	22
Shares Outstanding	18	18	17	17	17	17	17	17	17	17	17	17
Treasury Stock Common Shares	6	6	6	6	6	6	5	5	5	5	5	5

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10‑Q10‑K

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	-	-	-	-	-	-	-	-	-	-	-	-
2025	-31.22%	-38.62%	-26.98%	-1.65%	-20.00%	-18.26%	-0.87%	-22.63%	-11.46%	23.68%	-	-
2024	-5.09%	-32.00%	-25.45%	1.85%	-6.17%	-20.99%	-22.77%	-20.14%	-10.64%	-49.86%	-72.22%	-80.00%
2023	-	-	-	-18.23%	-19.68%	-5.60%	8.39%	6.50%	3.35%	-11.43%	-22.34%	-18.18%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Liquidity Ratios
Current Ratio	3.65	5.86	1.54	1.74	2.16	1.67	1.85	1.89	1.88	1.98	2.00	2.15
Quick Ratio	3.16	5.23	1.41	1.57	1.99	1.50	1.71	1.67	1.65	1.72	1.83	1.93
Working Capital	152.45M	177.29M	84.91M	113.05M	150.56M	91.74M	114.27M	120.15M	122.24M	136.40M	143.16M	154.32M
Leverage & Debt
Debt to Equity	-5.12	-5.35	-5.91	-19.94	-30.82	-44.15	159.93	4.76	4.63	4.21	4.03	2.97
Interest Coverage TTM	-3.15	-2.45	-2.12	-3.68	-3.49	-3.62	-3.48	-1.10	-0.93	-0.74	-0.58	0.44
Debt Ratio	1.24	1.23	1.20	1.05	1.03	1.02	0.99	0.83	0.82	0.81	0.80	0.75
Efficiency & Turnover
Asset Turnover TTM	0.70	0.73	0.72	0.63	0.64	0.65	0.65	0.58	0.57	0.56	0.55	0.55
Days Sales Outstanding TTM	67.62	69.69	72.86	71.40	72.74	71.99	75.62	75.08	73.90	73.20	84.48	77.61
Receivables Turnover TTM	5.40	5.24	5.01	5.11	5.02	5.07	4.83	4.86	4.94	4.99	4.32	4.70
Per Share Metrics
Diluted EPS TTM	-10.28	-10.50	-11.55	-17.01	-16.43	-17.52	-16.79	-8.87	-8.12	-6.63	-6.83	-1.20
Free Cash Flow Per Share TTM	-2.43	-3.16	-2.39	-0.59	-0.26	-0.45	-1.34	-2.16	-3.02	-2.02	0.40	1.14
Dividend Per Share TTM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Margin Metrics
Gross Profit Margin TTM	-	-	-	-	-	-	-	-	-	108.46%	108.44%	108.10%
Operating Profit Margin TTM	-21.57%	-20.84%	-18.62%	-31.30%	-29.00%	-29.96%	-28.98%	-9.22%	-7.87%	-6.29%	-4.89%	3.58%
Net Profit Margin TTM	-25.92%	-25.76%	-27.06%	-38.42%	-36.02%	-37.02%	-34.25%	-18.11%	-16.46%	-13.18%	-13.96%	-2.27%
Growth Metrics
Net Revenue Growth (1Y)	-11.92%	-11.74%	-10.32%	-6.94%	-4.57%	-2.92%	-2.07%	-5.11%	-7.43%	-9.52%	-11.43%	-8.38%
Net Income Growth (1Y)	-36.64%	-38.57%	-29.14%	97.47%	108.89%	172.66%	140.29%	656.23%	876.56%	2,455.26%	-826.08%	-158.56%
EPS Growth (1Y)	-37.46%	-40.08%	-31.21%	91.77%	102.26%	164.43%	145.91%	635.25%	931.84%	2,700.40%	-922.42%	-167.14%
Calculated Values
Free Cash Flow TTM	-43.01M	-55.67M	-41.57M	-10.22M	-4.57M	-7.67M	-22.58M	-36.53M	-50.98M	-33.71M	6.85M	18.83M
Net Debt	-59.08M	-57.61M	636.70M	629.65M	624.67M	615.05M	605.21M	618.16M	618.07M	464.05M	591.76M	453.07M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2022-05-02Sale

Owner: Denning, Richard

Title: EVP,General Counsel&Secretary

Shares: 2,500

Price/Share: $13.71

Value: $34,275.00

Shares Owned: 78,252

Relationship: Officer

Ownership: Direct

2022-05-02Sale

Owner: Milner, David Edward

Title: President - Operations

Shares: 3,000

Price/Share: $13.62

Value: $40,860.00

Shares Owned: 81,062

Relationship: Officer

Ownership: Direct

2021-01-19Sale

Owner: Brigade, Capital Manageme…

Title: -

Shares: 125,437

Price/Share: $9.70

Value: $1,216,738.90

Shares Owned: 1,672,357

Relationship: TenPercentOwner

Ownership: Indirect

2020-11-17Sale

Owner: Morgan, Donald E Iii, Bri…

Title: -

Shares: 25,000

Price/Share: $6.40

Value: $160,000.00

Shares Owned: 1,797,794

Relationship: TenPercentOwner

Ownership: Indirect

2020-11-12Sale

Owner: Brigade, Capital Manageme…

Title: -

Shares: 10,611

Price/Share: $6.65

Value: $70,563.15

Shares Owned: 1,897,270

Relationship: TenPercentOwner

Ownership: Indirect

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2022-05-02	Denning, Richard	Officer	EVP,General Counsel&Secretary	Direct	Sale	2,500	13.71	$34,275.00	78,252	4
2022-05-02	Milner, David Edward	Officer	President - Operations	Direct	Sale	3,000	13.62	$40,860.00	81,062	4
2021-01-19	Brigade, Capital Manageme…	TenPercentOwner	-	Indirect	Sale	125,437	9.70	$1,216,738.90	1,672,357	4
2020-11-17	Morgan, Donald E Iii, Bri…	TenPercentOwner	-	Indirect	Sale	25,000	6.40	$160,000.00	1,797,794	4
2020-11-12	Brigade, Capital Manageme…	TenPercentOwner	-	Indirect	Sale	10,611	6.65	$70,563.15	1,897,270	4
2019-12-31	Morgan, Donald E Iii, Bri…	TenPercentOwner	-	Indirect	Sale	10,000	17.62	$176,200.00	1,977,012	4
2019-12-23	Brigade, Capital Manageme…	TenPercentOwner	-	Indirect	Sale	23,400	17.35	$405,990.00	1,989,422	4
2019-12-20	Sp, Signal, Llc, Sp Signa…	TenPercentOwner	-	Direct	Sale	32,000	16.98	$543,360.00	1,792,000	4
2019-12-19	Mule, Edward A, Sp Signal…	TenPercentOwner	-	Direct	Sale	27,000	17.04	$460,080.00	1,824,000	4
2019-12-17	Morgan, Donald E Iii, Bri…	TenPercentOwner	-	Indirect	Sale	1,629	17.06	$27,790.74	2,084,692	4
2019-12-16	Mule, Edward A, Sp Signal…	TenPercentOwner	-	Direct	Sale	77,000	17.58	$1,353,660.00	1,883,500	4
2019-12-13	Brigade, Capital Manageme…	TenPercentOwner	-	Direct	Sale	65,727	17.49	$1,149,565.23	1,504,593	4
2019-12-09	Sp, Signal Manager, Llc, …	TenPercentOwner	-	Direct	Sale	15,000	17.41	$261,150.00	2,067,000	4
2019-11-12	Brigade, Capital Manageme…	TenPercentOwner	-	Direct	Sale	2,419	13.95	$33,745.05	1,598,560	4
2019-11-11	Morgan, Donald E Iii, Bri…	TenPercentOwner	-	Direct	Sale	60,442	13.74	$830,473.08	1,600,979	4
2019-11-06	Brigade, Capital Manageme…	TenPercentOwner	-	Direct	Sale	4,761	13.70	$65,225.70	1,689,356	4
2019-11-04	Brigade, Capital Manageme…	TenPercentOwner	-	Direct	Sale	1,546	13.89	$21,473.94	1,697,332	4
2019-10-31	Brigade, Capital Manageme…	TenPercentOwner	-	Direct	Sale	10,000	13.60	$136,000.00	1,706,173	4
2019-10-08	Sp, Signal Manager, Llc, …	TenPercentOwner	-	Direct	Sale	16,536	13.43	$222,078.48	2,082,000	4
2019-10-07	Sp, Signal, Llc, Sp Signa…	TenPercentOwner	-	Direct	Sale	11,000	14.38	$158,180.00	2,098,536	4
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Institutional Ownership

No data available for chart

2025-06-30

9.65%

Inst. Shares: 1,682,389

Shares Outstanding: 17,440,084

2025-03-31

28.13%

Inst. Shares: 4,840,407

Shares Outstanding: 17,204,877

2024-12-31

29.98%

Inst. Shares: 5,058,510

Shares Outstanding: 16,874,263

2024-09-30

32.90%

Inst. Shares: 5,572,552

Shares Outstanding: 16,936,749

2024-06-30

24.45%

Inst. Shares: 4,129,119

Shares Outstanding: 16,886,774

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2025-06-30	1,682,389	17,440,084	9.65%
2025-03-31	4,840,407	17,204,877	28.13%
2024-12-31	5,058,510	16,874,263	29.98%
2024-09-30	5,572,552	16,936,749	32.90%
2024-06-30	4,129,119	16,886,774	24.45%
2024-03-31	4,307,400	16,685,413	25.82%
2023-12-31	4,516,799	17,269,001	26.16%
2023-09-30	5,942,249	16,466,814	36.09%
2023-06-30	4,974,117	17,842,745	27.88%
2023-03-31	8,203,033	18,286,168	44.86%
2022-12-31	8,434,712	19,560,257	43.12%
2022-09-30	11,725,728	18,881,161	62.10%
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CUMULUS MEDIA INC (CMLS) — SEC Financial Statements & Analysis

CUMULUS MEDIA INC (CMLS) is a radio broadcasting stations company, incorporated in DE. CUMULUS MEDIA INC trades on None, OTC as: CMLS, CMLSQ. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), CUMULUS MEDIA INC reported a -11.92% year-over-year revenue growth, a Gross Profit Margin of 108.46% (TTM), a Debt-to-Equity ratio of -5.12x. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: -11.92%
Gross Profit Margin TTM: 108.46%
Debt To Equity: -5.12x

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is CUMULUS MEDIA INC in?

CUMULUS MEDIA INC (CMLS) operates in the Radio Broadcasting Stations industry.

What exchange does CMLS trade on?

CUMULUS MEDIA INC (CMLS) trades on the None, OTC.

Where is CUMULUS MEDIA INC incorporated?

CUMULUS MEDIA INC is incorporated in DE.