Cumulus Media Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $741.7M | $827.1M | $844.5M | $953.5M | $916.5M | $816.2M | $1.11B |
| Cost of Revenue | — | — | — | — | — | — | $3.5M |
| Gross Profit | — | — | — | — | — | — | $1.11B |
| Gross Margin | — | — | — | — | — | — | 99.7% |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | — |
| SG&A Expense | $378.1M | $376.8M | $377.0M | $383.4M | $376.8M | $367.7M | $461.2M |
| Operating Income | $-138.1M | $-239.7M | $-41.3M | $79.8M | $69.1M | $-10.6M | $166.2M |
| Operating Margin | -18.6% | -29.0% | -4.9% | 8.4% | 7.5% | -1.3% | 14.9% |
| Interest Expense | — | — | $71.3M | $64.9M | $67.8M | $68.1M | $82.9M |
| Pretax Income | $-202.5M | $-293.0M | $-100.7M | $19.6M | $20.3M | $-79.0M | $83.5M |
| Income Tax Expense | $-1.8M | $-9.8M | $17.2M | $3.4M | $3.0M | $-19.2M | $22.3M |
| Net Income | $-200.7M | $-283.3M | $-117.9M | $16.2M | $17.3M | $-59.7M | $61.3M |
| Net Margin | -27.1% | -34.2% | -14.0% | 1.7% | 1.9% | -7.3% | 5.5% |
| EPS (Basic) | $-11.55 | $-16.79 | $-6.83 | $0.83 | $0.84 | $-2.94 | $3.04 |
| EPS (Diluted) | $-11.55 | $-16.79 | $-6.83 | $0.81 | $0.83 | $-2.94 | $3.02 |
| Shares Outstanding (Basic) | 17.4M | 16.9M | 17.3M | 19.6M | 20.5M | 20.3M | 20.1M |
| Shares Outstanding (Diluted) | 17.4M | 16.9M | 17.3M | 20.0M | 20.9M | 20.3M | 20.3M |
| Dividends Per Share | — | — | — | — | — | — | — |