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Mediaco Hldg Inc Financials

MDIA
Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Mediaco Hldg Inc (MDIA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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 MDIA FY2025

Revenue growth has come with negative gross profit, making cash stabilization and liquidity strain the real operating story.

Earnings quality looked very different from the headline loss: FY2025 showed -$66.2M of net income but still produced $2.0M of operating cash flow. Paired with free cash flow of $1.2M and a roughly $19.9M drop in goodwill, that gap implies much of the reported loss was non-cash rather than a same-year cash drain.

Scale is helping overhead absorption: revenue reached $133.3M in FY2025 and operating margin improved to -18.6%. But with gross margin still negative at -7.9%, the business is still carrying a revenue mix that does not fully cover direct costs.

The balance-sheet pressure is near-term, not just a question of total debt: long-term debt fell to $63.3M, yet current liabilities rose to $91.1M. With a current ratio of 0.5x and only $5.1M of cash, the company has less room for timing slips in collections or other working-capital needs.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 30 / 100
Financial Profile 30/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Mediaco Hldg Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
0

Mediaco Hldg Inc has an operating margin of -18.6%, meaning the company retains $-19 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -29.5% the prior year.

Growth
100

Mediaco Hldg Inc's revenue surged 39.5% year-over-year to $133.3M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage
74

Mediaco Hldg Inc carries a low D/E ratio of 1.37, meaning only $1.37 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 74/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
3

Mediaco Hldg Inc's current ratio of 0.46 is below the typical benchmark, resulting in a score of 3/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow
0

Mediaco Hldg Inc's free cash flow margin of 0.9% results in a low score of 0/100. Capital expenditures of $774K absorb a large share of operating cash flow.

Returns
0

Mediaco Hldg Inc generates a -143.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -2.1% the prior year.

Piotroski F-Score Neutral
4/9

Mediaco Hldg Inc passes 4 of 9 financial strength tests. 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 Mixed
-0.03x

For every $1 of reported earnings, Mediaco Hldg Inc generates $-0.03 in operating cash flow ($2.0M OCF vs -$66.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk
-1.6x

Mediaco Hldg Inc earns $-1.6 in operating income for every $1 of interest expense (-$24.8M vs $15.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$133.3M
YoY+39.5%
5Y CAGR+27.7%

Mediaco Hldg Inc generated $133.3M in revenue in fiscal year 2025. This represents an increase of 39.5% from the prior year.

EBITDA
-$17.9M
YoY+21.9%

Mediaco Hldg Inc's EBITDA was -$17.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 21.9% from the prior year.

Net Income
-$66.2M
YoY-4986.3%

Mediaco Hldg Inc reported -$66.2M in net income in fiscal year 2025. This represents a decrease of 4986.3% from the prior year.

EPS (Diluted)
$-0.84
YoY-950.0%

Mediaco Hldg Inc earned $-0.84 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 950.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$1.2M
YoY+105.7%

Mediaco Hldg Inc generated $1.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 105.7% from the prior year.

Cash & Debt
$5.1M
YoY+15.0%
5Y CAGR+4.1%

Mediaco Hldg Inc held $5.1M in cash against $63.3M in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
N/A

Margins & Returns

Gross Margin
-7.9%
YoY+3.7pp

Mediaco Hldg Inc's gross margin was -7.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 3.7 percentage points from the prior year.

Operating Margin
-18.6%
YoY+10.9pp
5Y CAGR-14.2pp

Mediaco Hldg Inc's operating margin was -18.6% in fiscal year 2025, reflecting core business profitability. This is up 10.9 percentage points from the prior year.

Net Margin
-49.7%
YoY-48.3pp
5Y CAGR+18.5pp

Mediaco Hldg Inc's net profit margin was -49.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 48.3 percentage points from the prior year.

Return on Equity
-143.0%
YoY-140.9pp

Mediaco Hldg Inc's ROE was -143.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 140.9 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$0
YoY-100.0%

Mediaco Hldg Inc spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.

Capital Expenditures
$774K
YoY-30.5%
5Y CAGR+13.6%

Mediaco Hldg Inc invested $774K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 30.5% from the prior year.

MDIA Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Revenue $31.4M-18.8% $38.7M+9.2% $35.4M+13.3% $31.2M+11.5% $28.0M-14.6% $32.8M+9.9% $29.9M+14.0% $26.2M
Cost of Revenue $34.8M N/A N/A N/A $29.2M N/A N/A N/A
Gross Profit -$3.4M N/A N/A N/A -$1.2M N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses N/A N/A N/A N/A N/A N/A N/A N/A
Operating Income -$7.5M-21.4% -$6.2M+12.5% -$7.1M-4.5% -$6.8M-44.9% -$4.7M-3.1% -$4.5M+33.9% -$6.9M+48.4% -$13.3M
Interest Expense $3.9M-0.4% $4.0M+0.6% $3.9M+2.0% $3.9M+2.7% $3.8M-4.8% $3.9M+20.5% $3.3M-13.4% $3.8M
Income Tax $1.3M+2348.1% $54K-80.9% $282K+1.1% $279K-0.4% $280K+197.2% -$288K-184.2% $342K+87.9% $182K
Net Income -$9.4M+71.0% -$32.3M-80.7% -$17.9M-142.1% -$7.4M+14.1% -$8.6M-102.8% -$4.2M-107.7% $54.9M+213.7% -$48.3M
EPS (Diluted) $-0.11 N/A $-0.22-100.0% $-0.11+8.3% $-0.12 N/A $0.66+188.0% $-0.75

MDIA Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Total Assets $274.9M-5.6% $291.1M-8.9% $319.4M+1.3% $315.1M-0.8% $317.7M-2.4% $325.5M-3.8% $338.4M-0.1% $338.6M
Current Assets $34.3M-18.4% $42.1M-6.1% $44.8M+18.5% $37.8M-2.0% $38.6M-1.8% $39.3M-13.8% $45.5M+3.7% $43.9M
Cash & Equivalents $3.1M-39.1% $5.1M-18.2% $6.2M+112.7% $2.9M-53.2% $6.3M+41.1% $4.4M-42.1% $7.7M-22.6% $9.9M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $26.8M-19.6% $33.3M-4.0% $34.7M+7.8% $32.2M+7.4% $30.0M-2.5% $30.7M-4.7% $32.2M+16.5% $27.7M
Goodwill $8.4M0.0% $8.4M-70.3% $28.3M0.0% $28.3M0.0% $28.3M0.0% $28.3M+89.4% $15.0M+0.6% $14.9M
Total Liabilities $239.0M-2.3% $244.7M+5.2% $232.7M+6.8% $217.9M+3.0% $211.6M-12.9% $243.0M-3.3% $251.3M-18.0% $306.5M
Current Liabilities $88.8M-2.5% $91.1M+3.4% $88.0M+25.7% $70.1M+15.0% $60.9M+6.3% $57.3M-4.0% $59.7M+8.4% $55.0M
Long-Term Debt $64.1M+1.3% $63.3M+1.3% $62.5M-6.3% $66.7M-5.9% $70.9M+1.1% $70.2M+1.1% $69.4M+8.5% $64.0M
Total Equity $35.9M-22.6% $46.3M-46.6% $86.7M-10.9% $97.3M+13.8% $85.5M+37.6% $62.1M-8.5% $67.9M+397.4% $13.7M
Retained Earnings -$104.1M-9.9% -$94.8M-51.8% -$62.4M-35.9% -$46.0M-24.6% -$36.9M-31.4% -$28.1M-24.6% -$22.5M+70.7% -$76.8M

MDIA Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Operating Cash Flow -$2.0M-6459.4% $32K-98.9% $2.8M+196.0% -$3.0M-243.4% $2.1M-81.1% $10.9M+280.5% -$6.0M+76.0% -$25.1M
Capital Expenditures $124K-74.8% $492K+9740.0% $5K-97.7% $222K+303.6% $55K-86.2% $399K-35.7% $621K+826.9% $67K
Free Cash Flow -$2.2M-369.3% -$460K-116.3% $2.8M+189.1% -$3.2M-258.4% $2.0M-80.9% $10.5M+257.7% -$6.6M+73.6% -$25.2M
Investing Cash Flow $172K+135.0% -$492K-9740.0% -$5K+97.7% -$222K-303.6% -$55K+99.2% -$6.6M-958.1% -$621K+90.9% -$6.8M
Financing Cash Flow -$133K+80.1% -$670K-1422.7% -$44K+71.1% -$152K+9.5% -$168K+97.8% -$7.5M-270.5% $4.4M-88.1% $37.1M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A $0 $0 $0 $0 $0 $0 $0

MDIA Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Gross Margin -10.9% N/A N/A N/A -4.2% N/A N/A N/A
Operating Margin -24.0%-7.9pp -16.1%+4.0pp -20.0%+1.7pp -21.7%-5.0pp -16.7%-2.9pp -13.8%+9.2pp -23.0%+27.8pp -50.9%
Net Margin -29.8%+53.8pp -83.6%-33.1pp -50.5%-26.9pp -23.6%+7.1pp -30.7%-17.8pp -12.9%-196.9pp 183.9%+368.3pp -184.4%
Return on Equity -26.1%+43.7pp -69.8%-49.2pp -20.6%-13.1pp -7.6%+2.5pp -10.1%-3.2pp -6.8%-87.7pp 80.9%+434.7pp -353.8%
Return on Assets -3.4%+7.7pp -11.1%-5.5pp -5.6%-3.3pp -2.3%+0.4pp -2.7%-1.4pp -1.3%-17.5pp 16.2%+30.5pp -14.3%
Current Ratio 0.39-0.1 0.46-0.0 0.51-0.0 0.54-0.1 0.63-0.1 0.69-0.1 0.76-0.0 0.80
Debt-to-Equity 1.79+0.4 1.37+0.6 0.72+0.0 0.69-0.1 0.83-0.3 1.13+0.1 1.02-3.7 4.69
FCF Margin -6.9%-5.7pp -1.2%-9.2pp 8.0%+18.1pp -10.2%-17.3pp 7.1%-24.8pp 31.9%+54.2pp -22.2%+73.9pp -96.1%

Note: The current ratio is below 1.0 (0.46), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Mediaco Hldg Inc (MDIA) reported $133.3M in total revenue for fiscal year 2025. This represents a 39.5% 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.

Mediaco Hldg Inc (MDIA) revenue grew by 39.5% year-over-year, from $95.6M to $133.3M in fiscal year 2025.

No, Mediaco Hldg Inc (MDIA) reported a net income of -$66.2M in fiscal year 2025, with a net profit margin of -49.7%.

Mediaco Hldg Inc (MDIA) reported diluted earnings per share of $-0.84 for fiscal year 2025. This represents a -950.0% 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.

Mediaco Hldg Inc (MDIA) had EBITDA of -$17.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Mediaco Hldg Inc (MDIA) had $5.1M in cash and equivalents against $63.3M in long-term debt.

Mediaco Hldg Inc (MDIA) had a gross margin of -7.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Mediaco Hldg Inc (MDIA) had an operating margin of -18.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Mediaco Hldg Inc (MDIA) had a net profit margin of -49.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Mediaco Hldg Inc (MDIA) has a return on equity of -143.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Mediaco Hldg Inc (MDIA) generated $1.2M in free cash flow during fiscal year 2025. This represents a 105.7% 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.

Mediaco Hldg Inc (MDIA) generated $2.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Mediaco Hldg Inc (MDIA) had $291.1M in total assets as of fiscal year 2025, including both current and long-term assets.

Mediaco Hldg Inc (MDIA) invested $774K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Mediaco Hldg Inc (MDIA) had a current ratio of 0.46 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

Mediaco Hldg Inc (MDIA) had a debt-to-equity ratio of 1.37 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Mediaco Hldg Inc (MDIA) had a return on assets of -22.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Mediaco Hldg Inc (MDIA) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. 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.

Mediaco Hldg Inc (MDIA) has an earnings quality ratio of -0.03x, considered mixed quality. 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.

Mediaco Hldg Inc (MDIA) has an interest coverage ratio of -1.6x, meaning it can struggle to cover its interest obligations. 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.

Mediaco Hldg Inc (MDIA) scores 30 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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