What is Cumulus Media's earnings per share (EPS)?

Cumulus Media (CMLS) reported diluted earnings per share of -$11.55 for fiscal year 2025. This represents a 31.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Cumulus Media (CMLS) Financials

CMLS

Trailing 12 months to June 30, 2026

Revenue $700.7M -11.9% YoY

Net Income -$181.6M +36.6% YoY

EPS (Diluted) -$10.42 +38.4% YoY

Free Cash Flow -$43.0M -841.4% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 14, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CMLS SEC filings page.

Cumulus Media (CMLS) reported $700.7M in revenue over the twelve months to Jun 30, 2026, down 11.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI CMLS FY2025 2026-08-30

Operating losses are eroding equity while debt remains broadly fixed, turning a formerly cash-generative business into a balance-sheet-constrained operation.

Operating cash flow fell from $31.7M in FY2023 to -$21.3M in FY2025, showing accounting results are no longer converting into internally generated cash. Free cash flow likewise moved from $6.8M to -$41.6M, meaning reinvestment is now consuming cash rather than being funded by operations.

Revenue fell 10.3% in FY2025 while selling, general and administrative expense remained essentially flat at $378.1M; the improved operating margin from -29.0% to -18.6% suggests the prior year's collapse was not repeated at the same magnitude, but revenue still did not cover operating costs.

Equity fell from $286.6M in FY2023 to $6.95M in FY2024. It turned negative at -$191.5M in FY2025 while long-term debt remained $694.8M, so the negative debt-to-equity ratio reflects a negative accounting denominator, not negative debt.

Financial Health Signals

Financial health score not available

Cumulus Media does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

3/8

Cumulus Media passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality No Cash Backing

N/A

Cumulus Media reported a net loss of $200.7M while operations used $21.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

Cumulus Media reported an operating loss of $138.1M against $65.2M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$167.9M

YoY-9.7%

QoQ+2.1%

5Y CAGR-5.7%

Cumulus Media generated $167.9M in revenue in Q2 2026. This represents a decrease of 9.7% from the same quarter a year earlier. Against the prior quarter it is up 2.1%.

EBITDA

$14.6M

YoY-17.3%

QoQ+203.4%

5Y CAGR-10.7%

Cumulus Media's EBITDA was $14.6M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 17.3% from the same quarter a year earlier. Against the prior quarter it is up 203.4%.

Net Income

-$9.2M

YoY+28.2%

QoQ+45.4%

Cumulus Media reported -$9.2M in net income in Q2 2026. This represents an increase of 28.2% from the same quarter a year earlier. Against the prior quarter it is up 45.4%.

EPS (Diluted)

-$0.52

YoY+29.7%

QoQ+45.8%

Cumulus Media earned -$0.52 per diluted share (EPS) in Q2 2026. This represents an increase of 29.7% from the same quarter a year earlier. Against the prior quarter it is up 45.8%.

Cash & Balance Sheet

Free Cash Flow

$3.4M

YoY+137.1%

QoQ+114.6%

Cumulus Media generated $3.4M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 137.1% from the same quarter a year earlier. Against the prior quarter it is up 114.6%.

Cash & Debt

$61.1M

YoY-36.8%

QoQ+6.1%

5Y CAGR-13.3%

10Y CAGR+0.4%

Cumulus Media held $61.1M in cash against $0 in long-term debt as of Q2 2026.

Shares Outstanding

18M

YoY+1.3%

QoQ0.0%

5Y CAGR-2.9%

Cumulus Media had 18M shares outstanding in Q2 2026. This represents an increase of 1.3% from the same quarter a year earlier. It is unchanged from the prior quarter.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Operating Margin

1.4%

YoY-0.6pp

QoQ+17.5pp

5Y CAGR-4.2pp

Cumulus Media's operating margin was 1.4% in Q2 2026, reflecting core business profitability. This is down 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 17.5 percentage points.

Net Margin

-5.5%

YoY+1.4pp

QoQ+4.8pp

5Y CAGR-2.9pp

Cumulus Media's net profit margin was -5.5% in Q2 2026, showing the share of revenue converted to profit. This is up 1.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.8 percentage points.

Gross Margin

Not reported for Q2 2026.

Return on Equity

Not reported for Q2 2026.

Capital Allocation

Capital Expenditures

$3.2M

YoY-42.1%

QoQ-17.8%

5Y CAGR-18.8%

Cumulus Media invested $3.2M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 42.1% from the same quarter a year earlier. Against the prior quarter it is down 17.8%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

CMLS Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CMLS quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Revenue	$700.7M	$741.7M-10.3%	$827.1M-2.1%	$844.5M-11.4%	$953.5M+4.0%	$916.5M+12.3%	$816.2M-26.7%	$1.1B	$1.1B-0.5%	$1.1B-2.3%	$1.2B-7.5%	$1.3B+23.1%	$1.0B+2.4%	$1.0B+115.1%	$466.0M+96.9%	$236.6M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$3.5M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$1.1B	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$361.7M	$378.1M+0.3%	$376.8M-0.1%	$377.0M-1.7%	$383.4M+1.7%	$376.8M+2.5%	$367.7M-20.3%	$461.2M	$477.5M+1.0%	$472.9M-0.9%	$477.3M+1.5%	$470.4M+16.6%	$403.4M+6.5%	$378.8M+317.4%	$90.8M+390.1%	$18.5M
Operating Income	-$151.1M	-$138.1M+42.4%	-$239.7M-480.6%	-$41.3M-151.7%	$79.8M+15.4%	$69.1M+751.9%	-$10.6M-106.4%	$166.2M	-$210.4M+48.5%	-$408.8M+14.6%	-$478.5M-395.7%	$161.8M-13.6%	$187.4M+229.1%	$56.9M+13.7%	$50.1M-18.6%	$61.5M
EBITDA	N/A	-$83.8M+53.6%	-$180.5M-1168.4%	$16.9M-87.6%	$136.2M+11.0%	$122.7M+194.2%	$41.7M-80.9%	$218.8M	-$148.2M+53.9%	-$321.5M+14.6%	-$376.4M-235.8%	$277.1M-7.6%	$299.9M+55.8%	$192.5M+94.9%	$98.8M+41.7%	$69.7M
Interest Expense	$48.0M	$65.2M-5.2%	$68.8M-3.5%	$71.3M+9.8%	$64.9M-4.4%	$67.8M-0.4%	$68.1M-17.9%	$82.9M	$127.0M-8.4%	$138.6M-2.1%	$141.7M-2.6%	$145.5M-18.4%	$178.3M-10.7%	$199.6M+129.4%	$87.0M+187.0%	$30.3M
Income Tax	-$2.4M	-$1.8M+81.8%	-$9.8M-156.8%	$17.2M+409.9%	$3.4M+13.0%	$3.0M+115.5%	-$19.2M-186.5%	$22.3M	-$163.7M-526.0%	-$26.2M+42.9%	-$45.8M-547.0%	$10.3M+115.0%	-$68.5M-97.5%	-$34.7M-207.9%	-$11.3M-848.1%	$1.5M
Net Income	-$181.6M	-$200.7M+29.1%	-$283.3M-140.3%	-$117.9M-826.1%	$16.2M-6.0%	$17.3M+128.9%	-$59.7M-197.5%	$61.3M	-$206.6M+59.6%	-$510.7M+6.5%	-$546.5M-4743.5%	$11.8M-93.3%	$176.1M+638.0%	-$32.7M-151.3%	$63.9M+117.2%	$29.4M
EPS (Basic)	N/A	-$11.55+31.2%	-$16.79-145.8%	-$6.83-922.9%	$0.83-1.2%	$0.84+128.6%	-$2.94-196.7%	$3.04	-$7.05+59.6%	-$17.45-645.7%	-$2.34-4780.0%	$0.05-93.4%	$0.76+330.3%	-$0.33-141.3%	$0.80+14.3%	$0.70
EPS (Diluted)	-$10.42	-$11.55+31.2%	-$16.79-145.8%	-$6.83-943.2%	$0.81-2.4%	$0.83+128.2%	-$2.94-197.4%	$3.02	-$7.05+59.6%	-$17.45	-$2.34-4780.0%	$0.05-93.3%	$0.75	-$0.33-141.3%	$0.80	$0.68
Diluted Shares (Avg)	N/A	17M+3.0%	17M-2.3%	17M-13.8%	20M-4.3%	21M+3.0%	20M+0.2%	20M	29M+0.1%	29M	29M+1.9%	29M-84.7%	187M	163M+129.4%	71M	41M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$167.9M-9.7%	$164.4M-12.2%	$188.1M-14.0%	$180.3M-11.5%	$186.0M-9.2%	$187.3M-6.4%	$218.6M-1.2%	$203.6M-1.8%
SG&A Expenses	$85.9M-7.9%	$84.4M-9.6%	$97.7M+4.1%	$93.8M-0.1%	$93.2M-1.2%	$93.4M-1.5%	$93.8M-2.8%	$93.9M+2.2%
Operating Income	$2.3M-36.7%	-$26.4M-78.8%	-$122.7M+45.8%	-$4.3M-164.5%	$3.7M+138.4%	-$14.8M-41.1%	-$226.3M-258.5%	$6.7M-62.0%
EBITDA	$14.6M-17.3%	-$14.1M-64395.5%	-$109.9M+48.0%	$8.4M-60.7%	$17.7M+244.1%	$22K-99.5%	-$211.5M-334.1%	$21.4M-32.1%
Interest Expense	$3.0M-81.3%	$12.0M-24.8%	$16.3M+1180.4%	$16.6M-2.5%	$16.3M-50.7%	$16.0M-7.7%	$1.3M-92.9%	$17.0M-4.6%
Income Tax	$881K+136.8%	$540K-67.2%	-$3.6M+69.8%	-$167K-307.3%	$372K-52.2%	$1.6M+9.9%	-$12.0M-167.6%	-$41K+97.4%
Net Income	-$9.2M+28.2%	-$16.9M+47.9%	-$135.1M+41.5%	-$20.4M-97.7%	-$12.8M+53.7%	-$32.4M-128.7%	-$231.1M-135.6%	-$10.3M-479.2%
EPS (Basic)	-$0.52+29.7%	-$0.96+48.9%	-$7.77+43.2%	-$1.17-91.8%	-$0.74+54.9%	-$1.88-121.2%	-$13.69-140.2%	-$0.61-458.8%
EPS (Diluted)	-$0.52+29.7%	-$0.96+48.9%	-$7.77+43.2%	-$1.17-91.8%	-$0.74+54.9%	-$1.88-121.2%	-$13.69-140.2%	-$0.61-481.3%
Diluted Shares (Avg)	18M+1.3%	18M+2.5%	N/A	17M+3.0%	17M+3.3%	17M+3.1%	N/A	17M+2.6%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

CMLS Balance Sheet

CMLS quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Total Assets	$941.0M-15.9%	$1.1B-22.3%	$1.4B-10.5%	$1.6B-6.3%	$1.7B-7.7%	$1.9B+5.6%	$1.8B	$2.0B-16.0%	$2.4B-19.6%	$3.0B-19.8%	$3.7B-3.2%	$3.9B+3.4%	$3.7B-7.4%	$4.0B+1164.1%	$319.6M
Current Assets	$242.8M-2.1%	$248.1M-13.5%	$286.9M-16.9%	$345.3M-15.1%	$406.5M-19.2%	$503.0M+32.1%	$380.7M	$393.6M-10.5%	$439.9M+22.4%	$359.3M-3.1%	$370.8M-1.7%	$377.1M+6.8%	$353.1M+8.9%	$324.3M+443.3%	$59.7M
Cash & Equivalents	$82.0M+28.4%	$63.8M-20.9%	$80.7M+26.4%	$63.8M-64.0%	$177.0M-34.9%	$271.8M+1694.7%	$15.1M	$102.9M-21.6%	$131.3M+314.6%	$31.7M+335.4%	$7.3M-77.8%	$32.8M-62.8%	$88.0M+187.8%	$30.6M+138.7%	$12.8M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$134.1M-17.2%	$162.0M-10.4%	$180.7M-14.1%	$210.3M+6.8%	$196.9M-2.2%	$201.3M-17.0%	$242.6M	$235.2M+1.6%	$231.6M-4.9%	$243.4M-2.0%	$248.3M-6.2%	$264.8M+27.6%	$207.6M-12.3%	$236.8M+518.8%	$38.3M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	$0	$135.2M0.0%	$135.2M-80.8%	$703.4M-43.9%	$1.3B-0.2%	$1.3B+5.1%	$1.2B-10.4%	$1.3B+2279.7%	$56.1M
Total Liabilities	$1.1B+1.9%	$1.1B-3.6%	$1.2B-3.9%	$1.2B-7.5%	$1.3B-11.2%	$1.5B+11.9%	$1.3B	$2.7B-6.2%	$2.9B-2.7%	$3.0B-6.8%	$3.2B-4.6%	$3.4B-2.0%	$3.4B-5.8%	$3.6B+450.2%	$660.9M
Current Liabilities	$157.9M+18.1%	$133.8M-6.9%	$143.7M-1.3%	$145.6M+4.1%	$139.8M+8.4%	$129.0M-7.5%	$139.6M	$36.2M-64.1%	$100.8M-17.9%	$122.8M-21.1%	$155.6M-0.4%	$156.3M-19.9%	$195.2M+9.4%	$178.4M+317.1%	$42.8M
Non-Current Liabilities	$974.5M-0.3%	$977.9M-3.2%	$1.0B-4.3%	$1.1B-8.9%	$1.2B+419.8%	$222.8M+1193.8%	$17.2M	$2.7B-4.2%	$2.8B-2.1%	$2.9B-6.1%	$3.0B-4.8%	$3.2B-0.9%	$3.2B-6.6%	$3.5B+459.4%	$618.2M
Long-Term Debt	$694.8M+3.9%	$669.0M-0.5%	$672.4M-5.9%	$714.5M-10.6%	$798.9M-17.4%	$967.7M-3.9%	$1.0B	N/A	$1.8B-1.2%	$1.8B-3.9%	$1.9B-5.6%	$2.0B-1.4%	$2.0B-9.5%	$2.2B+286.8%	$575.8M
Total Equity	-$191.5M-2855.3%	$7.0M-97.6%	$286.6M-29.8%	$408.4M-2.6%	$419.5M+5.5%	$397.6M-12.7%	$455.2M	-$696.1M-41.6%	-$491.7M-3167.2%	$16.0M-97.0%	$541.6M+5.6%	$512.7M+107.9%	$246.6M-15.2%	$290.7M+185.2%	-$341.3M
Retained Earnings	-$505.4M-65.9%	-$304.7M-1323.4%	-$21.4M-122.2%	$96.5M+20.2%	$80.2M+27.4%	$63.0M-48.7%	$122.7M	-$2.1B-10.9%	-$1.9B-37.1%	-$1.4B-65.8%	-$830.4M+1.4%	-$842.1M+17.3%	-$1.0B-3.3%	-$985.5M+6.1%	-$1.0B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$894.7M-19.1%	$903.4M-15.7%	$941.0M-15.9%	$1.1B-21.0%	$1.1B-20.1%	$1.1B-24.4%	$1.1B-22.3%	$1.4B-10.3%
Current Assets	$209.9M-25.2%	$213.8M-6.6%	$242.8M-2.1%	$265.4M+4.3%	$280.6M+7.5%	$228.9M-17.1%	$248.1M-13.5%	$254.5M-11.8%
Cash & Equivalents	$61.1M-36.8%	$57.6M+9.3%	$82.0M+28.4%	$90.4M+73.4%	$96.7M+80.9%	$52.7M-22.9%	$63.8M-20.9%	$52.2M-37.0%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$113.1M-22.8%	$123.7M-18.0%	$134.1M-17.2%	$134.2M-20.1%	$146.5M-14.1%	$150.8M-11.5%	$162.0M-10.4%	$167.9M-3.2%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$1.1B-2.7%	$1.1B+1.3%	$1.1B+1.9%	$1.1B+0.7%	$1.1B+0.4%	$1.1B-4.3%	$1.1B-3.6%	$1.1B-0.9%
Current Liabilities	$57.5M-55.8%	$36.5M-73.4%	$157.9M+18.1%	$152.3M+13.3%	$130.1M-6.3%	$137.2M-1.9%	$133.8M-6.9%	$134.4M0.0%
Non-Current Liabilities	$1.1B+4.1%	$1.1B+12.0%	$974.5M-0.3%	$982.8M-1.0%	$1.0B+1.3%	$959.5M-4.6%	$977.9M-3.2%	$993.2M-1.0%
Long-Term Debt	$0-100.0%	$0-100.0%	$694.8M+3.9%	$696.2M+3.9%	$720.2M+7.2%	$666.5M-0.9%	$669.0M-0.5%	$670.3M-0.3%
Total Equity	-$217.1M-485.5%	-$207.9M-736.8%	-$191.5M-2855.3%	-$56.9M-124.0%	-$37.1M-115.1%	-$24.8M-109.1%	$7.0M-97.6%	$236.8M-38.3%
Retained Earnings	-$531.4M-51.9%	-$522.2M-55.0%	-$505.4M-65.9%	-$370.3M-403.2%	-$349.8M-453.1%	-$337.0M-847.8%	-$304.7M-1323.4%	-$73.6M-196.0%

Not reported in any period shown, so not listed: Inventory, Goodwill.

CMLS Cash Flow Statement

CMLS quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Operating Cash Flow	-$26.8M	-$21.3M-584.1%	-$3.1M-109.9%	$31.7M-59.7%	$78.5M+14.5%	$68.5M+106.3%	$33.2M-68.1%	$104.3M	$86.6M+142.3%	$35.7M-56.6%	$82.4M-39.7%	$136.8M+12.9%	$121.1M-32.5%	$179.5M+150.2%	$71.8M+68.6%	$42.6M
Depreciation & Amortization	N/A	$54.3M-8.1%	$59.1M+1.6%	$58.2M+3.2%	$56.4M+5.3%	$53.5M+2.4%	$52.3M-0.5%	$52.6M	$62.2M-28.7%	$87.3M-14.5%	$102.1M-11.4%	$115.3M+2.5%	$112.5M-17.0%	$135.6M+178.2%	$48.7M+493.3%	$8.2M
Stock-Based Compensation	N/A	$2.5M-46.8%	$4.7M-10.6%	$5.3M-15.4%	$6.2M+20.0%	$5.2M+55.6%	$3.3M-37.0%	$5.3M	$1.6M-45.3%	$2.9M-86.0%	$21.0M+19.2%	$17.6M+63.3%	$10.8M-9.2%	$11.9M+103.1%	$5.9M+138.9%	$2.5M
Capital Expenditures	$16.3M	$20.2M+4.0%	$19.5M-21.6%	$24.8M-20.1%	$31.1M+6.8%	$29.1M+95.7%	$14.9M-49.5%	$29.5M	$31.9M+38.6%	$23.0M+19.8%	$19.2M+1.2%	$19.0M+71.5%	$11.1M+67.7%	$6.6M-1.2%	$6.7M+170.3%	$2.5M
Free Cash Flow	-$43.0M	-$41.6M-84.1%	-$22.6M-429.8%	$6.8M-85.6%	$47.4M+20.3%	$39.4M+115.0%	$18.3M-75.5%	$74.8M	$54.7M+330.2%	$12.7M-79.9%	$63.2M-46.3%	$117.8M+7.0%	$110.1M-36.3%	$172.9M+165.7%	$65.1M+62.3%	$40.1M
Investing Cash Flow	-$3.4M	-$7.9M-85.7%	-$4.2M+38.0%	-$6.8M+74.0%	-$26.2M-1602.5%	-$1.5M-102.4%	$64.4M-45.3%	$117.6M	-$26.8M-132.0%	$83.9M+1153.3%	-$8.0M+48.9%	-$15.6M+83.2%	-$92.6M-194.4%	$98.1M+104.8%	-$2.0B-90581.1%	-$2.2M
Financing Cash Flow	-$5.4M	$47.3M+599.7%	-$9.5M+81.6%	-$51.6M+57.6%	-$121.8M+24.7%	-$161.7M-202.9%	$157.2M+166.9%	-$234.9M	-$88.1M-340.8%	-$20.0M+60.1%	-$50.1M+65.9%	-$146.7M-75.2%	-$83.8M+62.0%	-$220.2M-111.1%	$2.0B+4622.3%	-$43.7M
Share Buybacks	N/A	N/A	$0-100.0%	$7.8M-75.6%	$31.9M	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$6.6M+278.9%	-$19.6M-411.6%	-$13.2M-177.3%	-$659K-116.8%	-$3.7M+53.4%	-$3.8M+76.3%	$17.0M+420.1%	$3.9M+157.8%
Depreciation & Amortization	$12.3M-12.2%	$12.3M-17.0%	$12.8M-13.7%	$12.7M-13.6%	$14.0M-4.8%	$14.8M-0.6%	$14.9M+3.2%	$14.7M+5.5%
Stock-Based Compensation	N/A	$535K-37.0%	N/A	N/A	N/A	$849K-20.8%	N/A	N/A
Capital Expenditures	$3.2M-42.1%	$3.9M-29.7%	$4.8M+33.3%	$4.4M+32.0%	$5.5M+26.0%	$5.5M-32.2%	$3.6M-5.4%	$3.3M-52.8%
Free Cash Flow	$3.4M+137.1%	-$23.5M-150.5%	-$17.9M-233.5%	-$5.1M-945.0%	-$9.2M+25.2%	-$9.4M+61.4%	$13.4M+2697.3%	$598K+104.3%
Investing Cash Flow	-$2.7M+50.4%	-$3.4M+32.3%	$6.6M+303.4%	-$3.9M-17.3%	-$5.5M-25.6%	-$5.1M-175.1%	-$3.3M+9.9%	-$3.3M-205.2%
Financing Cash Flow	-$386K-100.7%	-$1.4M+38.8%	-$1.9M+8.5%	-$1.8M+8.7%	$53.3M+2221.3%	-$2.3M+23.4%	-$2.1M-14.8%	-$1.9M+67.6%
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0

Not reported in any period shown, so not listed: Dividends Paid.

CMLS Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CMLS quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	99.7%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-18.6%+10.4pp	-29.0%-24.1pp	-4.9%-13.3pp	8.4%+0.8pp	7.5%+8.8pp	-1.3%-16.2pp	14.9%	-18.5%+17.3pp	-35.8%+5.1pp	-40.9%-53.8pp	12.8%-5.5pp	18.3%+12.6pp	5.7%-5.1pp	10.7%-15.3pp	26.0%
Net Margin	-27.1%+7.2pp	-34.3%-20.3pp	-14.0%-15.7pp	1.7%-0.2pp	1.9%+9.2pp	-7.3%-12.8pp	5.5%	-18.2%+26.6pp	-44.8%+2.0pp	-46.8%-47.7pp	0.9%-16.2pp	17.2%+20.4pp	-3.3%-17.0pp	13.7%+1.3pp	12.4%
Return on Equity	N/A	-4075.0%-4033.9pp	-41.1%-45.1pp	4.0%-0.1pp	4.1%+19.1pp	-15.0%-28.5pp	13.5%	N/A	N/A	-3408.8%-3410.9pp	2.2%-32.2pp	34.3%+47.6pp	-13.3%-35.2pp	22.0%	N/A
Return on Assets	-21.3%+4.0pp	-25.3%-17.1pp	-8.2%-9.2pp	1.0%0.0pp	1.0%+4.2pp	-3.2%-6.7pp	3.5%	-10.2%+11.0pp	-21.2%-3.0pp	-18.2%-18.5pp	0.3%-4.2pp	4.5%+5.4pp	-0.9%-2.5pp	1.6%-7.6pp	9.2%
Current Ratio	1.54-0.3x	1.85-0.1x	2.00-0.4x	2.37-0.5x	2.91-1.0x	3.90+1.2x	2.73	10.89+6.5x	4.36+1.4x	2.93+0.5x	2.380.0x	2.41+0.6x	1.810.0x	1.82+0.4x	1.40
Debt-to-Equity	N/A	96.25+93.9x	2.35+0.6x	1.75-0.2x	1.90-0.5x	2.43+0.2x	2.21	N/A	N/A	112.36+108.9x	3.46-0.4x	3.87-4.3x	8.17+0.5x	7.66	N/A
Asset Turnover	0.790.0x	0.74+0.2x	0.590.0x	0.59+0.1x	0.53+0.1x	0.44-0.2x	0.63	0.56+0.1x	0.47+0.1x	0.39+0.1x	0.34+0.1x	0.270.0x	0.27+0.2x	0.12-0.6x	0.74
FCF Margin	-5.6%-2.9pp	-2.7%-3.5pp	0.8%-4.2pp	5.0%+0.7pp	4.3%+2.0pp	2.3%-4.5pp	6.7%	4.8%+3.7pp	1.1%-4.3pp	5.4%-3.9pp	9.3%-1.4pp	10.7%-6.5pp	17.3%+3.3pp	14.0%-3.0pp	16.9%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Margin	1.4%-0.6pp	-16.1%-8.2pp	-65.3%	-2.4%-5.7pp	2.0%+6.7pp	-7.9%-2.6pp	-103.5%	3.3%-5.2pp
Net Margin	-5.5%+1.4pp	-10.3%+7.0pp	-71.8%	-11.3%-6.2pp	-6.9%+6.6pp	-17.3%-10.2pp	-105.7%	-5.1%-6.4pp
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	-3324.4%-3290.2pp	-4.4%-5.1pp
Return on Assets	-1.0%+0.1pp	-1.9%+1.1pp	-14.4%+6.3pp	-1.9%-1.1pp	-1.2%+0.8pp	-3.0%-2.0pp	-20.7%-13.9pp	-0.8%-0.9pp
Current Ratio	3.65+1.5x	5.86+4.2x	1.54-0.3x	1.74-0.2x	2.16+0.3x	1.67-0.3x	1.85-0.1x	1.89-0.3x
Debt-to-Equity	N/A	N/A	N/A	N/A	N/A	N/A	96.25+93.9x	2.83+1.1x
Asset Turnover	0.190.0x	0.180.0x	0.200.0x	0.170.0x	0.170.0x	0.170.0x	0.200.0x	0.150.0x
FCF Margin	2.0%+7.0pp	-14.3%-9.3pp	-9.5%-15.7pp	-2.8%-3.1pp	-5.0%+1.1pp	-5.0%+7.1pp	6.1%+6.4pp	0.3%+7.0pp

Not reported in any period shown, so not listed: Gross Margin.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.

Note: Shareholder equity is negative (-$191.5M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Cumulus Media CMLS	FY2025	$741.7M	-$200.7M	-27.1%	N/A	—
Freedom Hldg Inc FHLD	FY2025	$541K	-$1.1M	N/A	$1.8M	—
Salem Media SALM	FY2022	$267.0M	-$3.2M	-1.2%	$31.7M	—

Where Cumulus Media Ranks

Frequently Asked Questions

What is Cumulus Media's annual revenue?

Cumulus Media (CMLS) reported $741.7M in total revenue for fiscal year 2025. This represents a -10.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Cumulus Media's revenue growing?

Cumulus Media (CMLS) revenue declined by 10.3% year-over-year, from $827.1M to $741.7M in fiscal year 2025.

Is Cumulus Media profitable?

No, Cumulus Media (CMLS) reported a net income of -$200.7M in fiscal year 2025, with a net profit margin of -27.1%.

What is Cumulus Media's EBITDA?

Cumulus Media (CMLS) had EBITDA of -$83.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Cumulus Media have?

As of fiscal year 2025, Cumulus Media (CMLS) had $82.0M in cash and equivalents against $694.8M in long-term debt.

What is Cumulus Media's operating margin?

Cumulus Media (CMLS) had an operating margin of -18.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Cumulus Media's net profit margin?

Cumulus Media (CMLS) had a net profit margin of -27.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Cumulus Media's free cash flow?

Cumulus Media (CMLS) recorded an outflow of $41.6M in free cash flow during fiscal year 2025. This represents a -84.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Cumulus Media's operating cash flow?

Cumulus Media (CMLS) recorded an outflow of $21.3M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Cumulus Media's total assets?

Cumulus Media (CMLS) had $941.0M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Cumulus Media's capital expenditures?

Cumulus Media (CMLS) invested $20.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Cumulus Media have outstanding?

Cumulus Media (CMLS) had 18M shares outstanding as of fiscal year 2025.

What is Cumulus Media's current ratio?

Cumulus Media (CMLS) had a current ratio of 1.54 as of fiscal year 2025, which is generally considered healthy.

What is Cumulus Media's return on assets (ROA)?

Cumulus Media (CMLS) had a return on assets of -21.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

How does Cumulus Media's liquidity compare with its operating cash outflow?

At the end of fiscal year 2025, Cumulus Media (CMLS) held $82.0M in cash, cash equivalents and investments, and reported an operating cash outflow of $21.3M over that year. Dividing the one by the other, the reported balance equals about 46 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

Why is Cumulus Media's debt-to-equity ratio negative or not reported?

Cumulus Media (CMLS) has negative shareholder equity of -$191.5M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Cumulus Media's Piotroski F-Score?

Cumulus Media (CMLS) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Cumulus Media's earnings high quality?

Cumulus Media (CMLS) reported a net loss of $200.7M while operations used $21.3M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Cumulus Media cover its interest payments?

Cumulus Media (CMLS) reported an operating loss of $138.1M against $65.2M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.