Townsquare Media, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $427.4M | $451.0M | $454.2M | $463.1M | $418.0M | $371.3M | $431.4M | $407.9M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | $109.1M | $124.2M | $125.0M | — | — | — | — | — |
| Gross Margin | 25.5% | 27.5% | 27.5% | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $21.0M | $23.8M | $25.0M | $24.4M | $24.5M | $26.9M | $28.6M | $27.1M |
| Operating Income | $44.2M | $21.7M | $-19.1M | $55.6M | $74.5M | $-75.0M | $-37.1M | $17.8M |
| Operating Margin | 10.3% | 4.8% | -4.2% | 12.0% | 17.8% | -20.2% | -8.6% | 4.4% |
| Interest Expense | $47.9M | $36.2M | $37.2M | $39.8M | $39.8M | $31.4M | $33.9M | $34.3M |
| Pretax Income | $-5.0M | $-9.6M | $-49.2M | $13.8M | $29.1M | $-104.4M | $-72.1M | $-17.1M |
| Income Tax Expense | $4.7M | $1.3M | $-6.1M | $-564.0K | $10.4M | $-23.9M | $-14.6M | $30.8M |
| Net Income | $-11.5M | $-12.7M | $-45.0M | $12.3M | $16.7M | $-82.5M | $-67.8M | $-98.7M |
| Net Margin | -2.7% | -2.8% | -9.9% | 2.7% | 4.0% | -22.2% | -15.7% | -24.2% |
| EPS (Basic) | — | $-0.81 | $-2.68 | — | — | — | — | $-0.03 |
| EPS (Diluted) | $-0.71 | $-0.81 | $-2.68 | $0.68 | $0.79 | $-4.46 | $-3.36 | $-2.81 |
| Shares Outstanding (Basic) | — | 15.6M | 16.8M | 17.0M | 18.6M | 27.6M | 27.5M | 27.5M |
| Shares Outstanding (Diluted) | 16.2M | 15.6M | 16.8M | 18.2M | 21.2M | 18.6M | 18.5M | 18.5M |
| Dividends Per Share | $0.80 | $0.79 | $0.75 | — | $0.00 | $0.08 | $0.30 | $0.30 |