What is TOWNSQUARE MEDIA, INC.'s earnings per share (EPS)?

TOWNSQUARE MEDIA, INC. (TSQ) reported diluted earnings per share of -$0.71 for fiscal year 2025. This represents a 12.3% 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.

TOWNSQUARE MEDIA, INC. (TSQ) Financials

TSQ

Trailing 12 months to June 30, 2026

Revenue $425.4M -4.9% YoY

Net Income -$50.3M -243.8% YoY

EPS (Diluted) -$0.71 FY2025 annual

Free Cash Flow $14.3M -54.2% YoY

Market Cap $75.8M as of Oct 13, 2026

Price / Sales 0.2x on $425.4M 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 Oct 13, 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 6, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TSQ SEC filings page.

TOWNSQUARE MEDIA, INC. (TSQ) reported $425.4M in revenue over the twelve months to Jun 30, 2026, down 4.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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 TSQ FY2025 2026-10-03

Townsquare operates with positive cash generation, but a debt-heavy structure absorbs much of its operating progress through interest and reinvestment.

In FY2025, operating income was $44.2M versus interest expense of $47.9M, so the business generated operating profit that was insufficient to cover financing costs. Gross margin narrowed while operating margin expanded even as revenue declined, pointing to cost reduction below gross profit—not stronger top-line economics—as the main operating improvement.

FY2025 ended with negative equity of -$41.0M and a current ratio of 0.8x; liabilities exceed assets and current obligations exceed current assets, limiting near-term balance-sheet flexibility. Debt has declined in reported dollars since FY2021, but negative equity makes conventional debt-to-equity readings misleading and keeps leverage economically important.

Operating cash flow and free cash flow both fell in FY2025, to $30.6M and $15.4M respectively; capital spending consumed about half of operating cash, so accounting improvements did not translate into comparable discretionary cash.

Financial Health Signals

Financial Health Score 31/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of TOWNSQUARE MEDIA, 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

TOWNSQUARE MEDIA, INC. has an operating margin of 10.3%, meaning the company retains $10 of operating profit per $100 of revenue. This results in a moderate score of 46/100, indicating healthy but not exceptional operating efficiency. This is up from 4.8% the prior year.

Growth

TOWNSQUARE MEDIA, INC.'s revenue declined 5.2% year-over-year, from $451.0M to $427.4M. This contraction results in a growth score of 21/100.

Leverage

Liquidity

TOWNSQUARE MEDIA, INC.'s current ratio of 0.84 is below the typical benchmark, resulting in a score of 13/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

TOWNSQUARE MEDIA, INC. has a free cash flow margin of 3.6%, earning a moderate score of 51/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Altman Z-Score Distress

0.20

TOWNSQUARE MEDIA, INC. scores 0.20, below the 1.81 distress threshold. 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

5/8

TOWNSQUARE MEDIA, INC. passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

N/A

TOWNSQUARE MEDIA, INC. reported a net loss of $11.5M while generating $30.6M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk

0.92x

TOWNSQUARE MEDIA, INC. earns $0.92 in operating income for every $1 of interest expense ($44.2M vs $47.9M). 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

$115.4M

YoY-0.1%

QoQ+19.2%

5Y CAGR+1.5%

10Y CAGR0.0%

TOWNSQUARE MEDIA, INC. generated $115.4M in revenue in Q2 2026. This represents a decrease of 0.1% from the same quarter a year earlier. Against the prior quarter it is up 19.2%.

EBITDA

-$7.5M

YoY-129.3%

QoQ-319.4%

TOWNSQUARE MEDIA, INC.'s EBITDA was -$7.5M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 129.3% from the same quarter a year earlier. Against the prior quarter it is down 319.4%.

Net Income

-$42.0M

YoY-2778.7%

QoQ-1613.2%

TOWNSQUARE MEDIA, INC. reported -$42.0M in net income in Q2 2026. This represents a decrease of 2778.7% from the same quarter a year earlier. Against the prior quarter it is down 1613.2%.

EPS (Diluted)

-$2.36

YoY-2722.2%

QoQ-1575.0%

TOWNSQUARE MEDIA, INC. earned -$2.36 per diluted share (EPS) in Q2 2026. This represents a decrease of 2722.2% from the same quarter a year earlier. Against the prior quarter it is down 1575.0%.

Cash & Balance Sheet

Free Cash Flow

$184K

YoY-97.1%

QoQ-67.0%

5Y CAGR-53.8%

10Y CAGR-25.6%

TOWNSQUARE MEDIA, INC. generated $184K in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 97.1% from the same quarter a year earlier. Against the prior quarter it is down 67.0%.

Cash & Debt

$1.2M

YoY-63.2%

QoQ-46.4%

5Y CAGR-45.9%

10Y CAGR-23.7%

TOWNSQUARE MEDIA, INC. held $1.2M in cash against $427.5M in long-term debt as of Q2 2026.

Dividends Per Share

$0.20

YoY+1.3%

QoQ0.0%

TOWNSQUARE MEDIA, INC. paid $0.20 per share in dividends in Q2 2026. This represents an increase of 1.3% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

Diluted avg 18M

TOWNSQUARE MEDIA, INC. had a weighted average of 18M diluted shares in Q2 2026; the shares outstanding count is not reported for that period.

Margins & Returns

Gross Margin

26.7%

YoY-1.5pp

QoQ+4.8pp

TOWNSQUARE MEDIA, INC.'s gross margin was 26.7% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 1.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.8 percentage points.

Operating Margin

-10.7%

YoY-28.9pp

QoQ-9.3pp

5Y change-32.9pp

10Y change-29.5pp

TOWNSQUARE MEDIA, INC.'s operating margin was -10.7% in Q2 2026, reflecting core business profitability. This is down 28.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 9.3 percentage points.

Net Margin

-36.4%

YoY-37.8pp

QoQ-39.3pp

5Y change-45.2pp

10Y change-41.1pp

TOWNSQUARE MEDIA, INC.'s net profit margin was -36.4% in Q2 2026, showing the share of revenue converted to profit. This is down 37.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 39.3 percentage points.

Return on Equity

Not reported for Q2 2026.

Capital Allocation

Capital Expenditures

$3.4M

YoY-10.3%

QoQ-6.5%

5Y CAGR+2.7%

10Y CAGR-5.4%

TOWNSQUARE MEDIA, INC. invested $3.4M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 10.3% from the same quarter a year earlier. Against the prior quarter it is down 6.5%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

TSQ 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.

TSQ quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Revenue	$425.4M	$427.4M-5.2%	$451.0M-0.7%	$454.2M-1.9%	$463.1M+10.8%	$418.0M+12.6%	$371.3M-13.9%	$431.4M+5.8%	$407.9M+4.7%	$389.6M-7.6%	$421.6M-4.5%	$441.2M+18.0%	$373.9M+39.2%	$268.6M+20.6%	$222.7M
Gross Profit	$105.7M	$109.1M-12.2%	$124.2M-0.7%	$125.0M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$21.0M	$21.0M-11.8%	$23.8M-4.8%	$25.0M+2.4%	$24.4M-0.5%	$24.5M-8.7%	$26.9M-6.0%	$28.6M+5.7%	$27.1M+4.8%	$25.8M+1.8%	$25.4M-0.3%	$25.5M+1.8%	$25.0M+30.3%	$19.2M+17.8%	$16.3M
Operating Income	$2.5M	$44.2M+103.8%	$21.7M+213.3%	-$19.1M-134.4%	$55.6M-25.4%	$74.5M+199.3%	-$75.0M-101.9%	-$37.1M-308.4%	$17.8M-62.4%	$47.4M-36.4%	$74.5M-12.1%	$84.7M+109.0%	$40.5M-12.2%	$46.2M+31.4%	$35.2M
EBITDA	N/A	$62.6M+51.4%	$41.4M+67703.3%	$61K-99.9%	$74.6M-20.2%	$93.6M+270.6%	-$54.9M-385.5%	-$11.3M-130.2%	$37.4M-43.1%	$65.8M-28.2%	$91.5M-10.5%	$102.3M+78.5%	$57.3M-9.1%	$63.1M+26.3%	$50.0M
Interest Expense	$47.8M	$47.9M+32.3%	$36.2M-2.7%	$37.2M-6.5%	$39.8M0.0%	$39.8M+26.8%	$31.4M-7.2%	$33.9M-1.2%	$34.3M+4.6%	$32.8M-3.9%	$34.1M-5.3%	$36.0M-22.6%	$46.5M+30.6%	$35.6M+25.9%	$28.3M
Income Tax	$3.8M	$4.7M+261.7%	$1.3M+121.3%	-$6.1M-989.0%	-$564K-105.4%	$10.4M+143.4%	-$23.9M-63.8%	-$14.6M-147.2%	$30.8M+508.7%	-$7.5M-146.8%	$16.1M+103.6%	$7.9M-27.1%	$10.9M+3097.6%	$340K0.0%	$340K
Net Income	-$50.3M	-$11.5M+9.4%	-$12.7M+71.7%	-$45.0M-464.4%	$12.3M-26.3%	$16.7M+120.3%	-$82.5M-21.7%	-$67.8M+31.3%	-$98.7M-617.6%	-$13.7M-159.7%	$23.0M+134.2%	$9.8M+156.6%	-$17.4M-272.7%	$10.1M+57.2%	$6.4M
EPS (Basic)	N/A	N/A	-$0.81+69.8%	-$2.68	N/A	N/A	N/A	N/A	-$0.03+94.6%	-$0.56-143.8%	$1.28+120.7%	$0.58+141.1%	-$1.41	N/A	N/A
EPS (Diluted)	—	-$0.71+12.3%	-$0.81+69.8%	-$2.68-494.1%	$0.68-13.9%	$0.79+117.7%	-$4.46-32.7%	-$3.36	-$2.81-401.8%	-$0.56-165.9%	$0.85+129.7%	$0.37	-$1.41	N/A	N/A
Diluted Shares (Avg)	N/A	16M+3.7%	16M-6.9%	17M-7.9%	18M-14.3%	21M+13.9%	19M+0.5%	19M	18M-33.7%	28M+2.0%	27M-1.5%	28M	12M	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
Revenue	$115.4M-0.1%	$96.8M-1.9%	$106.5M-9.6%	$106.8M-7.4%	$115.4M-2.3%	$98.7M-1.0%	$117.8M+2.6%	$115.3M+0.2%
Gross Profit	$30.8M-5.4%	$21.2M-7.2%	$25.6M-31.2%	$28.0M-11.2%	$32.6M-0.3%	$22.9M+0.5%	$37.2M	$31.5M
SG&A Expenses	$6.1M-2.4%	$4.8M+2.1%	$4.1M-32.4%	$6.0M-1.3%	$6.2M-4.4%	$4.7M-9.5%	$6.1M-1.0%	$6.1M-8.2%
Operating Income	-$12.3M-158.4%	-$1.3M-117.9%	$10.1M-52.7%	$5.9M-60.7%	$21.1M+198.5%	$7.1M+7.4%	$21.3M+370.3%	$15.1M+241.6%
EBITDA	-$7.5M-129.3%	$3.4M-70.4%	$14.9M-43.0%	$10.6M-47.2%	$25.6M+256.6%	$11.5M-0.2%	$26.1M+919.1%	$20.0M+437.3%
Interest Expense	$11.4M-9.7%	$11.3M+10.6%	$12.4M+41.1%	$12.6M+37.4%	$12.7M+37.3%	$10.2M+13.4%	$8.8M-2.5%	$9.2M-1.8%
Income Tax	$18.0M+186.8%	-$15.7M-415.9%	$2.5M+120.1%	-$1.1M+79.3%	$6.3M-66.6%	-$3.0M-1567.6%	-$12.6M+18.9%	-$5.1M-129.3%
Net Income	-$42.0M-2778.7%	$2.8M+240.0%	-$5.2M-121.2%	-$5.9M-154.4%	$1.6M+103.2%	-$2.0M-274.5%	$24.6M+1149.0%	$10.8M+129.3%
EPS (Basic)	-$2.36-2460.0%	$0.17+241.7%	N/A	-$0.36-150.7%	$0.10+103.1%	-$0.12-271.4%	$1.57	$0.71
EPS (Diluted)	-$2.36-2722.2%	$0.16+233.3%	N/A	-$0.36-157.1%	$0.09+102.8%	-$0.12-300.0%	$1.57+1081.3%	$0.63+127.8%
Diluted Shares (Avg)	18M+7.9%	18M+11.5%	N/A	16M-5.4%	17M+9.4%	16M-15.3%	N/A	17M+5.8%

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

TSQ Balance Sheet

TSQ quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Total Assets	$528.6M-8.9%	$580.4M-11.0%	$652.0M-12.4%	$744.5M+2.5%	$726.3M-5.5%	$768.5M-12.7%	$880.4M-6.0%	$936.6M-9.5%	$1.0B-4.3%	$1.1B+1.9%	$1.1B+13.2%	$937.3M-0.2%	$939.2M	N/A
Current Assets	$69.4M-34.2%	$105.4M-20.2%	$132.2M+9.5%	$120.7M+0.4%	$120.2M-22.1%	$154.3M-4.4%	$161.4M+4.8%	$153.9M-9.3%	$169.7M+38.4%	$122.6M+18.8%	$103.2M+12.1%	$92.0M-17.0%	$110.9M	N/A
Cash & Equivalents	$4.8M-85.6%	$33.0M-46.0%	$61.0M+40.6%	$43.4M-14.0%	$50.5M-39.3%	$83.2M-1.7%	$84.7M+39.9%	$60.5M-1.1%	$61.2M+29.7%	$47.1M+55.5%	$30.3M+24.0%	$24.5M-46.4%	$45.6M+104.6%	$22.3M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$52.0M-14.2%	$60.6M-0.2%	$60.8M-0.7%	$61.2M+6.2%	$57.6M-1.7%	$58.6M-13.1%	$67.5M+7.8%	$62.6M+3.8%	$60.3M+1.2%	$59.6M-0.9%	$60.1M-1.6%	$61.2M+7.3%	$57.0M	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$147.6M-3.5%	$152.9M-2.8%	$157.3M-2.5%	$161.4M+2.2%	$157.9M0.0%	$157.9M0.0%	$157.9M-30.4%	$227.0M+5.2%	$215.8M-14.3%	$251.9M-14.0%	$293.0M+20.9%	$242.3M+11.6%	$217.2M+136.0%	$92.0M
Total Liabilities	$569.6M-6.4%	$608.9M-5.2%	$642.1M-4.9%	$675.4M-0.2%	$676.7M+1.3%	$667.7M-4.3%	$698.0M+2.5%	$681.1M+1.2%	$673.1M-2.5%	$690.7M-0.9%	$697.3M+17.6%	$593.1M-15.8%	$704.7M	N/A
Current Liabilities	$82.2M+7.8%	$76.3M+0.2%	$76.1M+6.1%	$71.7M-5.6%	$76.0M+15.5%	$65.8M-8.1%	$71.6M+11.9%	$63.9M-14.0%	$74.4M+14.2%	$65.2M+4.9%	$62.1M+17.3%	$52.9M+0.9%	$52.5M	N/A
Non-Current Liabilities	$487.4M-8.5%	$532.6M-5.9%	$566.0M-6.2%	$603.7M+0.5%	$600.8M-0.2%	$602.0M-3.9%	$626.4M+1.5%	$617.2M+3.1%	$598.7M-4.3%	$625.5M-1.5%	$635.2M+17.6%	$540.2M-17.2%	$652.2M	N/A
Long-Term Debt	$421.2M-9.6%	$465.8M-6.8%	$499.7M-4.7%	$524.4M-3.2%	$541.5M-0.4%	$543.4M-0.6%	$546.7M-1.6%	$555.3M-0.1%	$555.6M-1.5%	$564.3M-4.1%	$588.7M+11.3%	$528.7M-18.8%	$651.3M	N/A
Total Equity	-$41.0M-44.1%	-$28.4M-387.0%	$9.9M-85.7%	$69.1M+39.3%	$49.6M-50.8%	$100.8M-44.8%	$182.4M-28.6%	$255.5M-29.3%	$361.3M-7.4%	$390.1M+7.3%	$363.4M+5.6%	$344.2M+47.1%	$234.0M+12.3%	$208.3M
Retained Earnings	-$353.2M-7.7%	-$327.8M-8.5%	-$302.2M-23.7%	-$244.3M+4.8%	-$256.6M+5.9%	-$272.6M-45.0%	-$188.0M-68.2%	-$111.8M-1626.2%	-$6.5M-126.5%	$24.4M+1657.7%	$1.4M+116.5%	-$8.4M	$0	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
Total Assets	$494.7M-9.3%	$516.1M-5.2%	$528.6M-8.9%	$539.2M-4.6%	$545.7M-5.8%	$544.5M-14.5%	$580.4M-11.0%	$565.4M-14.0%
Current Assets	$75.0M-2.5%	$66.1M-6.7%	$69.4M-34.2%	$72.2M-21.7%	$76.9M-23.8%	$70.9M-41.6%	$105.4M-20.2%	$92.2M-18.7%
Cash & Equivalents	$1.2M-63.2%	$2.2M-60.5%	$4.8M-85.6%	$3.2M-85.3%	$3.2M-88.8%	$5.5M-90.2%	$33.0M-46.0%	$21.8M-42.6%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$60.3M+1.0%	$49.1M-4.8%	$52.0M-14.2%	$55.5M-3.7%	$59.8M-1.3%	$51.6M-4.3%	$60.6M-0.2%	$57.7M-9.2%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$147.6M-3.5%	$147.6M-3.5%	$147.6M-3.5%	$149.9M-2.0%	$152.9M-1.1%	$152.9M-2.8%	$152.9M-2.8%	$152.9M-3.6%
Total Liabilities	$573.9M+0.2%	$552.3M-3.3%	$569.6M-6.4%	$573.2M-7.2%	$572.8M-11.0%	$571.3M-10.0%	$608.9M-5.2%	$617.9M-4.2%
Current Liabilities	$80.6M+2.6%	$80.1M+10.3%	$82.2M+7.8%	$81.7M+22.2%	$78.6M+5.6%	$72.6M+4.7%	$76.3M+0.2%	$66.9M+4.4%
Non-Current Liabilities	$493.3M-0.2%	$472.2M-5.3%	$487.4M-8.5%	$491.5M-10.8%	$494.2M-13.2%	$498.7M-11.8%	$532.6M-5.9%	$551.0M-5.1%
Long-Term Debt	$427.5M-0.1%	$422.4M-3.3%	$421.2M-9.6%	$425.8M-10.7%	$428.0M-12.1%	$436.7M-12.7%	$465.8M-6.8%	$476.7M-4.5%
Total Equity	-$79.2M-192.4%	-$36.2M-35.1%	-$41.0M-44.1%	-$34.0M+35.3%	-$27.1M+57.8%	-$26.8M-1557.9%	-$28.4M-387.0%	-$52.5M-521.9%
Retained Earnings	-$400.4M-19.4%	-$354.4M-6.3%	-$353.2M-7.7%	-$344.7M+1.2%	-$335.3M+6.0%	-$333.3M-9.6%	-$327.8M-8.5%	-$349.0M-17.7%

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

TSQ Cash Flow Statement

TSQ quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Operating Cash Flow	$28.3M	$30.6M-37.2%	$48.7M-28.1%	$67.8M+35.2%	$50.2M-17.8%	$61.1M+94.0%	$31.5M-21.3%	$40.0M+14.9%	$34.8M-32.2%	$51.4M-12.0%	$58.4M+125.0%	$25.9M-42.7%	$45.3M+72.7%	$26.2M+32.0%	$19.8M
Depreciation & Amortization	N/A	$18.4M-6.4%	$19.7M+2.4%	$19.2M+0.8%	$19.0M-0.3%	$19.1M-5.0%	$20.1M-22.2%	$25.8M+31.9%	$19.6M+6.7%	$18.4M+7.7%	$17.1M-3.1%	$17.6M+4.8%	$16.8M-0.6%	$16.9M+14.2%	$14.8M
Stock-Based Compensation	N/A	$13.8M-19.8%	$17.2M+113.8%	$8.0M+111.6%	$3.8M+2.1%	$3.7M+78.4%	$2.1M-19.6%	$2.6M+58.7%	$1.6M+127.4%	$718K-83.1%	$4.3M-0.6%	$4.3M-88.7%	$37.7M	$0	$0
Capital Expenditures	$14.0M	$15.2M-12.7%	$17.4M+16.4%	$15.0M-5.4%	$15.8M+27.4%	$12.4M-16.9%	$14.9M-24.0%	$19.7M+8.6%	$18.1M+14.8%	$15.8M+4.9%	$15.0M+2.1%	$14.7M+8.8%	$13.5M+42.0%	$9.5M-3.7%	$9.9M
Free Cash Flow	$14.3M	$15.4M-50.9%	$31.3M-40.8%	$52.8M+53.8%	$34.4M-29.4%	$48.7M+194.2%	$16.5M-18.6%	$20.3M+21.6%	$16.7M-53.1%	$35.6M-17.9%	$43.3M+286.3%	$11.2M-64.6%	$31.7M+90.3%	$16.7M+67.6%	$10.0M
Investing Cash Flow	-$8.7M	-$4.5M+55.1%	-$9.9M-178.1%	-$3.6M+90.5%	-$37.8M-255.0%	-$10.6M+24.2%	-$14.0M-138.7%	-$5.9M+66.0%	-$17.3M+40.1%	-$28.8M-37.5%	-$21.0M+70.8%	-$71.8M-80.8%	-$39.7M+86.1%	-$286.2M-101.2%	-$142.2M
Financing Cash Flow	-$21.6M	-$54.3M+19.4%	-$67.4M-44.5%	-$46.6M-139.0%	-$19.5M+76.5%	-$83.2M-340.3%	-$18.9M-82.6%	-$10.3M+42.7%	-$18.1M-127.1%	-$8.0M+59.7%	-$19.7M-136.2%	$54.4M+303.6%	-$26.7M-109.4%	$283.3M+136.7%	$119.7M
Dividends Paid	N/A	N/A	N/A	$12.9M	N/A	N/A	$2.1M-75.0%	$8.4M+35.7%	$6.2M	$0	$0	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$0-100.0%	$23.6M+41.5%	$16.6M+7297.8%	$225K-83.9%	$1.4M	$0-100.0%	$400K	$0	$0	N/A	$0	$0-100.0%	$159K	$0

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	$3.6M-64.8%	$4.2M+6456.1%	$12.6M-55.3%	$7.9M-20.2%	$10.2M+13.1%	-$66K-103.9%	$28.2M-2.3%	$9.9M+30.6%
Depreciation & Amortization	$4.8M+4.9%	$4.7M+6.4%	$4.8M+0.4%	$4.6M-6.1%	$4.6M-9.1%	$4.4M-10.5%	$4.8M+1.4%	$4.9M+4.9%
Stock-Based Compensation	$3.3M-12.9%	$3.7M-10.9%	N/A	$3.1M+6.9%	$3.8M-54.5%	$4.2M+45.9%	N/A	$2.9M+22.0%
Capital Expenditures	$3.4M-10.3%	$3.6M-18.7%	$3.4M-7.3%	$3.6M-30.2%	$3.8M-10.8%	$4.5M+1.1%	$3.7M+1.8%	$5.1M+20.2%
Free Cash Flow	$184K-97.1%	$558K+112.3%	$9.2M-62.5%	$4.3M-9.5%	$6.4M+34.5%	-$4.5M-64.7%	$24.5M-2.9%	$4.8M+44.0%
Investing Cash Flow	-$3.3M-233.3%	-$2.9M+33.4%	-$1.1M+54.0%	-$1.5M+58.9%	$2.4M+165.7%	-$4.3M-1445.9%	-$2.3M+26.8%	-$3.6M-28.7%
Financing Cash Flow	-$1.3M+91.0%	-$3.6M+84.1%	-$10.2M+32.5%	-$6.4M+51.0%	-$15.0M+55.1%	-$22.7M-289.6%	-$15.2M-483.4%	-$13.0M+20.8%
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$3.2M+1.6%
Share Buybacks	N/A	N/A	$0	$0-100.0%	$0-100.0%	$0-100.0%	$0	$1.4M+32.2%

TSQ 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.

TSQ quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Gross Margin	25.5%-2.0pp	27.5%0.0pp	27.5%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	10.3%+5.5pp	4.8%+9.0pp	-4.2%-16.2pp	12.0%-5.8pp	17.8%+38.0pp	-20.2%-11.6pp	-8.6%-13.0pp	4.4%-7.8pp	12.2%-5.5pp	17.7%-1.5pp	19.2%+8.4pp	10.8%-6.4pp	17.2%+1.4pp	15.8%
Net Margin	-2.7%+0.1pp	-2.8%+7.1pp	-9.9%-12.6pp	2.7%-1.3pp	4.0%+26.2pp	-22.2%-6.5pp	-15.7%+8.5pp	-24.2%-20.7pp	-3.5%-9.0pp	5.5%+3.2pp	2.2%+6.9pp	-4.7%-8.4pp	3.8%+0.9pp	2.9%
Return on Equity	N/A	N/A	-453.7%-471.5pp	17.9%-15.9pp	33.8%+115.6pp	-81.8%-44.7pp	-37.1%+1.5pp	-38.6%-34.8pp	-3.8%-9.7pp	5.9%+3.2pp	2.7%+7.8pp	-5.1%-9.3pp	4.3%+1.2pp	3.1%
Return on Assets	-2.2%0.0pp	-2.2%+4.7pp	-6.9%-8.6pp	1.7%-0.6pp	2.3%+13.0pp	-10.7%-3.0pp	-7.7%+2.8pp	-10.5%-9.2pp	-1.3%-3.5pp	2.1%+1.2pp	0.9%+2.8pp	-1.8%-2.9pp	1.1%	N/A
Current Ratio	0.84-0.5x	1.38-0.4x	1.74+0.1x	1.68+0.1x	1.58-0.8x	2.35+0.1x	2.25-0.2x	2.41+0.1x	2.28+0.4x	1.88+0.2x	1.66-0.1x	1.74-0.4x	2.12	N/A
Debt-to-Equity	N/A	N/A	50.41+42.8x	7.59-3.3x	10.92+5.5x	5.39+2.4x	3.00+0.8x	2.17+0.6x	1.54+0.1x	1.45-0.2x	1.62+0.1x	1.54-1.2x	2.78	N/A
Asset Turnover	0.810.0x	0.78+0.1x	0.70+0.1x	0.620.0x	0.58+0.1x	0.480.0x	0.49+0.1x	0.44+0.1x	0.380.0x	0.390.0x	0.420.0x	0.40+0.1x	0.29	N/A
FCF Margin	3.6%-3.3pp	6.9%-4.7pp	11.6%+4.2pp	7.4%-4.2pp	11.6%+7.2pp	4.5%-0.3pp	4.7%+0.6pp	4.1%-5.0pp	9.1%-1.1pp	10.3%+7.7pp	2.5%-6.0pp	8.5%+2.3pp	6.2%+1.7pp	4.5%

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
Gross Margin	26.7%-1.5pp	21.9%-1.3pp	24.1%-7.5pp	26.2%-1.1pp	28.2%+0.6pp	23.2%+0.4pp	31.6%	27.3%
Operating Margin	-10.7%-28.9pp	-1.3%-8.6pp	9.5%-8.6pp	5.6%-7.5pp	18.2%+36.3pp	7.2%+0.6pp	18.1%+25.0pp	13.1%+22.3pp
Net Margin	-36.4%-37.8pp	2.9%+4.9pp	-4.9%-25.7pp	-5.5%-14.9pp	1.4%+43.0pp	-2.0%-3.1pp	20.8%+22.9pp	9.4%+41.6pp
Return on Assets	-8.5%-8.8pp	0.5%+0.9pp	-1.0%-5.2pp	-1.1%-3.0pp	0.3%+8.8pp	-0.4%-0.5pp	4.2%+4.6pp	1.9%+7.5pp
Current Ratio	0.930.0x	0.83-0.2x	0.84-0.5x	0.88-0.5x	0.98-0.4x	0.98-0.8x	1.38-0.4x	1.38-0.4x
Asset Turnover	0.230.0x	0.190.0x	0.200.0x	0.200.0x	0.210.0x	0.180.0x	0.200.0x	0.200.0x
FCF Margin	0.2%-5.4pp	0.6%+5.2pp	8.6%-12.2pp	4.0%-0.1pp	5.5%+1.5pp	-4.6%-1.8pp	20.8%-1.2pp	4.2%+1.3pp

Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.

Note: Shareholder equity is negative (-$41.0M), 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.

Note: The current ratio is below 1.0 (0.84), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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
TOWNSQUARE MEDIA, INC. TSQ	FY2025	$427.4M	-$11.5M	-2.7%	$75.8M	31/100
VS Media Holdings Limited VSME	FY2025	$7.5M	-$8.6M	N/A	$3.6M	33/100
Thumzup Media Corporation TZUP	FY2025	$7.0M	-$8.5M	N/A	$75.3M	47/100
Marchex, Inc. MCHX	FY2025	$45.4M	-$5.2M	-11.5%	$58.1M	50/100
Entravision Communication EVC	FY2025	$447.6M	-$79.0M	-17.6%	$600.8M	40/100
Cardlytics, Inc. CDLX	FY2025	$233.3M	-$104.0M	-44.6%	$13.2M	24/100

Where TOWNSQUARE MEDIA, INC. Ranks

Frequently Asked Questions

What is TOWNSQUARE MEDIA, INC.'s annual revenue?

TOWNSQUARE MEDIA, INC. (TSQ) reported $427.4M in total revenue for fiscal year 2025. This represents a -5.2% 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 TOWNSQUARE MEDIA, INC.'s revenue growing?

TOWNSQUARE MEDIA, INC. (TSQ) revenue declined by 5.2% year-over-year, from $451.0M to $427.4M in fiscal year 2025.

Is TOWNSQUARE MEDIA, INC. profitable?

No, TOWNSQUARE MEDIA, INC. (TSQ) reported a net income of -$11.5M in fiscal year 2025, with a net profit margin of -2.7%.

What is TOWNSQUARE MEDIA, INC.'s EBITDA?

TOWNSQUARE MEDIA, INC. (TSQ) had EBITDA of $62.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does TOWNSQUARE MEDIA, INC. have?

As of fiscal year 2025, TOWNSQUARE MEDIA, INC. (TSQ) had $4.8M in cash and equivalents against $421.2M in long-term debt.

What is TOWNSQUARE MEDIA, INC.'s gross margin?

TOWNSQUARE MEDIA, INC. (TSQ) had a gross margin of 25.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is TOWNSQUARE MEDIA, INC.'s operating margin?

TOWNSQUARE MEDIA, INC. (TSQ) had an operating margin of 10.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is TOWNSQUARE MEDIA, INC.'s net profit margin?

TOWNSQUARE MEDIA, INC. (TSQ) had a net profit margin of -2.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does TOWNSQUARE MEDIA, INC. pay dividends?

Yes, TOWNSQUARE MEDIA, INC. (TSQ) paid $0.80 per share in dividends during fiscal year 2025.

What is TOWNSQUARE MEDIA, INC.'s free cash flow?

TOWNSQUARE MEDIA, INC. (TSQ) generated $15.4M in free cash flow during fiscal year 2025. This represents a -50.9% 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 TOWNSQUARE MEDIA, INC.'s operating cash flow?

TOWNSQUARE MEDIA, INC. (TSQ) generated $30.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are TOWNSQUARE MEDIA, INC.'s total assets?

TOWNSQUARE MEDIA, INC. (TSQ) had $528.6M in total assets as of fiscal year 2025, including both current and long-term assets.

What are TOWNSQUARE MEDIA, INC.'s capital expenditures?

TOWNSQUARE MEDIA, INC. (TSQ) invested $15.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is TOWNSQUARE MEDIA, INC.'s current ratio?

TOWNSQUARE MEDIA, INC. (TSQ) had a current ratio of 0.84 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is TOWNSQUARE MEDIA, INC.'s return on assets (ROA)?

TOWNSQUARE MEDIA, INC. (TSQ) had a return on assets of -2.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is TOWNSQUARE MEDIA, INC.'s P/E ratio?

TOWNSQUARE MEDIA, INC. (TSQ) 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 $75.8M as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is TOWNSQUARE MEDIA, INC.'s price-to-sales ratio?

TOWNSQUARE MEDIA, INC. (TSQ) trades at 0.2x sales, its market capitalization divided by revenue of $425.4M revenue, trailing 12 months to June 30, 2026. The market capitalization is $75.8M as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Why is TOWNSQUARE MEDIA, INC.'s debt-to-equity ratio negative or not reported?

TOWNSQUARE MEDIA, INC. (TSQ) has negative shareholder equity of -$41.0M 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 TOWNSQUARE MEDIA, INC.'s Altman Z-Score?

TOWNSQUARE MEDIA, INC. (TSQ) has an Altman Z-Score of 0.20, 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 TOWNSQUARE MEDIA, INC.'s Piotroski F-Score?

TOWNSQUARE MEDIA, INC. (TSQ) has a Piotroski F-Score of 5 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 TOWNSQUARE MEDIA, INC.'s earnings high quality?

TOWNSQUARE MEDIA, INC. (TSQ) reported a net loss of $11.5M while generating $30.6M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, 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 TOWNSQUARE MEDIA, INC. cover its interest payments?

TOWNSQUARE MEDIA, INC. (TSQ) has an interest coverage ratio of 0.92x, 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.

How financially healthy is TOWNSQUARE MEDIA, INC.?

TOWNSQUARE MEDIA, INC. (TSQ) scores 31 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.