What is CUMULUS MEDIA INC A's earnings per share (EPS)?

CUMULUS MEDIA INC A (CMLSQ) 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 INC A (CMLSQ) Financials

CMLSQ

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

Market Cap $177K as of Sep 14, 2026

Price / Sales 0.0x on $700.7M revenue, trailing 12 months to June 30, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026

Price / Book n/m negative shareholder equity, so no book multiple, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 14, 2026; every other figure is from the SEC filings on this page. Not financial advice.

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 CMLSQ SEC filings page.

CUMULUS MEDIA INC A (CMLSQ) 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 CMLSQ FY2025 2026-08-29

Cumulus Media’s dominant mechanic is a shrinking revenue base paired with heavy financing costs and persistent cash investment needs.

Revenue contracted 12.2% from FY2023 to FY2025, yet operating margin improved to -18.6%; because EBITDA remained negative and free cash flow was also negative, the improvement reflects reduced losses rather than a return to self-funding operations.

Equity moved from $286.6M in FY2023 to -$191.5M in FY2025, so accumulated losses absorbed the prior capital cushion. By FY2025, liabilities of $1.13B exceeded assets of $941M; this is a long-term solvency weakness distinct from day-to-day liquidity.

FY2025 operating cash flow was -$21.3M and free cash flow was -$41.6M, showing that operations still did not fund the business. The reported liquidity comparison equaled 46.1 months of FY2025 operating outflow, but that coexists with negative equity and long-term debt of $694.8M, separating liquidity from solvency.

Financial Health Signals

Financial health score not available

CUMULUS MEDIA INC A 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.

Altman Z-Score Distress

-0.34

CUMULUS MEDIA INC A scores -0.34, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($177K) relative to total liabilities ($1.1B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

3/8

CUMULUS MEDIA INC A 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 INC A 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 INC A 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 INC A 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 INC A'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 INC A 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 INC A 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 INC A 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 INC A 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 INC A 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 change-4.2pp

CUMULUS MEDIA INC A'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 change-2.9pp

CUMULUS MEDIA INC A'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 INC A 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.

CMLSQ 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.

CMLSQ 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.

CMLSQ Balance Sheet

CMLSQ 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.

CMLSQ Cash Flow Statement

CMLSQ 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.

CMLSQ 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.

CMLSQ 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.

Where CUMULUS MEDIA INC A Ranks

Frequently Asked Questions

What is CUMULUS MEDIA INC A's annual revenue?

CUMULUS MEDIA INC A (CMLSQ) 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 INC A's revenue growing?

CUMULUS MEDIA INC A (CMLSQ) revenue declined by 10.3% year-over-year, from $827.1M to $741.7M in fiscal year 2025.

Is CUMULUS MEDIA INC A profitable?

No, CUMULUS MEDIA INC A (CMLSQ) reported a net income of -$200.7M in fiscal year 2025, with a net profit margin of -27.1%.

What is CUMULUS MEDIA INC A's EBITDA?

CUMULUS MEDIA INC A (CMLSQ) had EBITDA of -$83.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does CUMULUS MEDIA INC A have?

As of fiscal year 2025, CUMULUS MEDIA INC A (CMLSQ) had $82.0M in cash and equivalents against $694.8M in long-term debt.

What is CUMULUS MEDIA INC A's operating margin?

CUMULUS MEDIA INC A (CMLSQ) 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 INC A's net profit margin?

CUMULUS MEDIA INC A (CMLSQ) 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 INC A's free cash flow?

CUMULUS MEDIA INC A (CMLSQ) 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 INC A's operating cash flow?

CUMULUS MEDIA INC A (CMLSQ) 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 INC A's total assets?

CUMULUS MEDIA INC A (CMLSQ) had $941.0M in total assets as of fiscal year 2025, including both current and long-term assets.

What are CUMULUS MEDIA INC A's capital expenditures?

CUMULUS MEDIA INC A (CMLSQ) invested $20.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does CUMULUS MEDIA INC A have outstanding?

CUMULUS MEDIA INC A (CMLSQ) had 18M shares outstanding as of fiscal year 2025.

What is CUMULUS MEDIA INC A's current ratio?

CUMULUS MEDIA INC A (CMLSQ) had a current ratio of 1.54 as of fiscal year 2025, which is generally considered healthy.

What is CUMULUS MEDIA INC A's return on assets (ROA)?

CUMULUS MEDIA INC A (CMLSQ) had a return on assets of -21.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is CUMULUS MEDIA INC A's P/E ratio?

CUMULUS MEDIA INC A (CMLSQ) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $177K as of Sep 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is CUMULUS MEDIA INC A's price-to-sales ratio?

CUMULUS MEDIA INC A (CMLSQ) trades at 0.0x sales, its market capitalization divided by revenue of $700.7M revenue, trailing 12 months to June 30, 2026. The market capitalization is $177K as of Sep 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

How does CUMULUS MEDIA INC A's liquidity compare with its operating cash outflow?

At the end of fiscal year 2025, CUMULUS MEDIA INC A (CMLSQ) 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 INC A's debt-to-equity ratio negative or not reported?

CUMULUS MEDIA INC A (CMLSQ) 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 INC A's Altman Z-Score?

CUMULUS MEDIA INC A (CMLSQ) has an Altman Z-Score of -0.34, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is CUMULUS MEDIA INC A's Piotroski F-Score?

CUMULUS MEDIA INC A (CMLSQ) 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 INC A's earnings high quality?

CUMULUS MEDIA INC A (CMLSQ) 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 INC A cover its interest payments?

CUMULUS MEDIA INC A (CMLSQ) 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.