Welcome to our dedicated page for Beasley Broad SEC filings (Ticker: BBGI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Beasley Broadcast Group filings document the regulatory record of a Nasdaq-listed broadcast-media company with Class A common stock trading under BBGI. The filings cover 8-K material events, operating and financial results, shareholder voting matters, governance disclosures, and capital-structure updates tied to the company’s radio, audio, and digital media operations.
Recent disclosures also describe secured note indentures at Beasley Mezzanine Holdings, LLC, supplemental indenture amendments, interest-payment grace-period notices, Nasdaq continued-listing compliance matters, and Form 12b-25 late-filing notifications. These records connect the company’s public reporting with its debt obligations, listing status, liquidity disclosures, and recurring corporate-governance requirements.
Beasley Broadcast Group reported weak fourth quarter and full-year 2025 results, driven by a large non-cash impairment and softer ad markets. Net revenue for the quarter ended December 31, 2025 was $53.1 million, down 21.1%, or 6.8% on a same-station basis after adjusting for prior-year political revenue.
The company recorded a fourth quarter operating loss of about $230.0 million, including a $224.8 million impairment of FCC licenses, leading to a net loss of roughly $189.2 million, or $104.87 per diluted share. Adjusted EBITDA fell to $0.8 million from $10.7 million a year earlier. For 2025, net revenue was $205.9 million and the net loss was $196.5 million, or $109.27 per diluted share.
Digital remained a relative bright spot, with 2025 digital revenue rising 5.9% to $49.5 million and representing 24.0% of net revenue, while digital segment operating margin reached 23.9%. Management highlighted approximately $30 million of annualized cost reductions over 18 months and expects a debt exchange with second lien bondholders to cut total debt to about $110 million from $220 million upon closing, subject to bondholder participation.
Beasley Broadcast Group, Inc. notified the SEC it cannot timely file its Annual Report on Form 10-K for the year ended December 31, 2025 and expects to file within the 15-calendar-day extension. The company reports planned 2025 results showing Net revenue $205.9 million, Operating loss ~$229.7 million, and Net loss ~$196.5 million, which includes $224.8 million of impairment losses related to FCC licenses. Management also states that substantial doubt exists about the company’s ability to continue as a going concern for at least twelve months from the expected issuance date, subject to audit. The company says closing the transactions described in its March 20, 2026 Form 8-K (including an Exchange Offer and Tender Offer) would significantly reduce debt and may alter the going-concern assessment.
Beasley Broadcast Group, Inc. entered a Transaction Support Agreement with major noteholders to pursue a comprehensive refinancing of its 2028 senior secured notes. Holders of 98.7% of the 11.000% First Lien Notes and 76.5% of the 9.200% Second Lien Notes have agreed to support the plan, subject to conditions.
The deal includes exchanging all Existing Second Lien Notes into 10.000% Senior Secured Second Lien PIK Notes due 2027 at 50% of principal and a tender offer to repurchase up to $15,899,000 of First Lien Notes at par. The new 2027 PIK Notes carry a springing maturity as early as September 30, 2027 and an equity conversion feature that can deliver up to 95% of Beasley’s fully diluted Class A and Class B equity to PIK noteholders, subject to FCC approvals and prior cash repayments. Supporting holders also gain significant governance rights, including appointment of independent directors and influence over strategic alternatives and any insolvency filing.
Beasley Broadcast Group, Inc. disclosed that its wholly owned subsidiary, Beasley Mezzanine Holdings, LLC, has elected to use a 30-day grace period instead of making scheduled interest payments due on February 1, 2026. The deferred payments total approximately $8.5 million on 9.200% senior secured second lien notes due 2028 and approximately $1.7 million on 11.000% senior secured first lien notes due August 1, 2028.
The company states this election is permitted under the note indentures and does not currently constitute an Event of Default, and that its business operations and obligations to advertisers, employees, suppliers, and other stakeholders are not impacted. Beasley is in active discussions with various stakeholders about potential alternatives to restructure its outstanding debt and improve financial flexibility, but no agreement has been reached and the timing and outcome remain uncertain.
Beasley Broadcast Group Inc. reported director-related transactions in its Class A common stock. On 12/10/2025, reporting persons tied to Brigade Capital Management, LP disclosed multiple transactions involving 34,250, 33,000 and 66,798 shares at prices including $24.97, $18.47 and a weighted average price of $11.79, with individual trade prices ranging from $11.50 to $12.13. After these transactions, 2,404 Class A shares were reported as indirectly beneficially owned. The securities are directly owned by advisory clients of Brigade Capital Management, LP, while Brigade Capital Management, LP, its general partner and Donald E. Morgan, III may be deemed beneficial owners but each disclaims beneficial ownership except to the extent of any pecuniary interest.
Beasley Broadcast Group reported an insider stock sale by company officer Shaun Greening, who is listed as CAO. On 12/10/2025, he sold 2,163 shares of Class A common stock at $20 per share. Following this transaction, he directly beneficially owned 0 shares of Beasley Broadcast Group stock.
Beasley Broadcast Group reported that its subsidiary, Beasley Mezzanine Holdings, entered into supplemental indentures for its 9.200% Senior Secured Second Lien Notes due 2028 and 11.000% Senior Secured First Lien Notes due 2028. The amendments extend the springing maturity date tied to any remaining 8.625% Senior Secured Notes due 2026 to January 31, 2026.
The changes also address past and future asset sales and provide certain flexibility to incur debt. For the first‑lien notes, new default conditions were added related to compliance with agreements with holders of a majority of those notes. For the second‑lien notes, the Issuer’s capacity to enter into a receivables facility was increased, with assets permitted to be pledged, provided proceeds are used to repay the first‑lien notes.
Beasley Broadcast Group (BBGI) reported lower results for Q3 2025. Net revenue fell to $50,977,046 (down 12.4%) as Audio declined to $38,030,320 (down 18.9%) while Digital grew to $12,946,726 (up 14.6%). Operating loss was $536,676. Net loss was $3,556,703, roughly flat year over year, aided by lower interest expense of $3,279,031 (down 46.2%).
Year to date, revenue was $152,889,222 (down 11.6%) with a net loss of $6,400,699. The company recorded $1.5M of other operating expenses tied to the ASCAP settlement accrual for 2022–2024. BBGI completed the sale of WPBB‑FM in Tampa for $8.0M, recording a $0.4M gain, and signed agreements to sell two Fort Myers station groups for $9.0M each; after closing, it will exit the Fort Myers‑Naples market. Cash was $14,336,639; total debt carrying amount was $239,966,194 including first‑ and second‑lien notes due 2028, with fair value of notes at $104.8M. Class A shares outstanding were 970,857 and Class B 833,137 as of November 3, 2025.
Beasley Broadcast Group (BBGI) furnished an 8-K announcing financial results for the fiscal quarter ended September 30, 2025. The results were released via a press release attached as Exhibit 99.1.
The information under Item 2.02, including Exhibit 99.1, is furnished under General Instruction B.2 and is not deemed filed under the Exchange Act.
Brigade Capital Management, LP and related reporting persons filed a Form 3 for Beasley Broadcast Group (BBGI), reflecting initial beneficial ownership.
The filing reports 136,452 shares of Class A common stock, held indirectly (see footnote). The event date is 10/08/2024. According to the footnote, the securities are directly owned by advisory clients of Brigade Capital Management, LP; Brigade Capital Management, LP, its general partner Brigade Capital Management GP, LLC, and Donald E. Morgan, III may be deemed beneficial owners, and each disclaims beneficial ownership except to the extent of any pecuniary interest.