TSQ NYSE Radio Broadcasting Stations Financials FY2016βFY2025
Townsquare Media, Inc. had $427M of revenue in fiscal 2025, down 5.2% on the year before. Over five years, revenue changed +2.9% a year on average.
Last close Β· Oct 23, 2026
$3.83
0.3%Hi! I read Townsquare Media, Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
β5.2%
No. Sales fell 5.2% last year.
Does it make a profit?
β2.7%
No. It lost money last year.
Does profit turn into cash?
3.6%
Partly. 3.6% of sales ends up as free cash.
Is debt under control?
6.9x
Heavy. Repaying its debt would take 6.9 years of operating profit.
How healthy are the accounts?
4 / 9
Mixed. It passes 4 of 9 health tests.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Townsquare Media, Inc. had $427M of revenue in fiscal 2025, down 5.2% on the year before. Over five years, revenue changed +2.9% a year on average. Its operating margin was 10.3%, up 5.5Β pts: of every 100 in sales, about 10 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Townsquare Media, Inc. lost $11.5M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was $15.4M in fiscal 2025, 3.6% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
KIRA Β· Townsquare Media, Inc. returned $0.0M to shareholders in fiscal 2025, 0% of free cash flow. The diluted share count rose 3.7%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders bought $0.0M and sold $2.3M of shares on the open market.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
1 insider
Sold, 12 months
$2.3M
5 insiders
Of sales under plans
0%
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 12, 2026 | Bill WilsonChief Executive Officer, Director, 10% owner | Sold | 21,420 | $5.54 | $0.1M | Form 4 |
| Aug 11, 2026 | Bill WilsonChief Executive Officer, Director, 10% owner | Sold | 126,744 | $5.61 | $0.7M | Form 4 |
| Jun 9, 2026 | Erik HellumCOO | Sold | 35,000 | $6.44 | $0.2M | Form 4 |
| May 28, 2026 | Robert L. WorshekSVP, Chief Accounting Officer | Sold | 34,299 | $6.62 | $0.2M | Form 4 |
| May 20, 2026 | Claire Marie YenicayEVP, Inv Rel and Corp Comm | Sold | 19,716 | $6.09 | $0.1M | Form 4 |
| May 19, 2026 | Claire Marie YenicayEVP, Inv Rel and Corp Comm | Sold | 15,718 | $6.04 | $0.1M | Form 4 |
| May 18, 2026 | Claire Marie YenicayEVP, Inv Rel and Corp Comm | Sold | 17,717 | $6.05 | $0.1M | Form 4 |
| May 4, 2026 | Scott SchatzEVP, Finance Op and Tech | Bought | 943 | $6.51 | $0.0M | Form 4 |
| Mar 23, 2026 | Scott SchatzEVP, Finance Op and Tech | Sold | 34,836 | $5.25 | $0.2M | Form 4 |
| Mar 20, 2026 | Scott SchatzEVP, Finance Op and Tech | Sold | 21,090 | $5.02 | $0.1M | Form 4 |
| Mar 19, 2026 | Scott SchatzEVP, Finance Op and Tech | Sold | 28,980 | $5.08 | $0.1M | Form 4 |
| Feb 18, 2026 | Erik HellumCOO | Sold | 20,106 | $6.58 | $0.1M | Form 4 |
| Feb 2, 2026 | Scott SchatzEVP, Finance Op and Tech | Bought | 980 | $6.61 | $0.0M | Form 4 |
| Jan 20, 2026 | Erik HellumCOO | Sold | 6,522 | $5.57 | $0.0M | Form 4 |
| Jan 16, 2026 | Erik HellumCOO | Sold | 7,437 | $5.54 | $0.0M | Form 4 |
| Dec 29, 2025 | Erik HellumCOO | Sold | 5,693 | $5.06 | $0.0M | Form 4 |
| Nov 3, 2025 | Scott SchatzEVP, Finance Op and Tech | Bought | 855 | $6.30 | $0.0M | Form 4 |
Can it carry its debts, and how well does it use its money?
KIRA Β· Townsquare Media, Inc. owes $430M more than it holds in cash, about 6.9 years of operating profit.
Cash, debt and the ratios that show how comfortably Townsquare Media, Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $50.5M | $43.4M | $61.0M | $33.0M | $4.8M |
| Debt incl. finance leases | $542M | $532M | $505M | $467M | $435M |
| Net debt / EBITDA | 5.2x | 6.5x | 7,280.3x | 10.5x | 6.9x |
| Debt / equity | 10.9x | 7.7x | 50.8x | β | β |
| Interest coverage | 1.9x | 1.4x | β0.5x | 0.6x | 0.9x |
| Current ratio | 1.6x | 1.7x | 1.7x | 1.4x | 0.8x |
| Quick ratio | 1.6x | 1.7x | 1.7x | 1.4x | 0.8x |
| Total assets | $726M | $745M | $652M | $580M | $529M |
| Total liabilities | $677M | $675M | $642M | $609M | $570M |
| Shareholders' equity | $49.6M | $69.1M | $9.9M | β$28.4M | β$41.0M |
| Net debt (β = net cash) | $491M | $489M | $444M | $434M | $430M |
KIRA Β· Its return on capital was 9.0%: every 100 invested in the business earned about 9 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Townsquare Media, Inc. passes 4 of 9 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 3 / 8 | 5 / 8 | 4 / 8 | 3 / 8 | 5 / 8 | 7 / 8 | 5 / 8 | 6 / 9 | 4 / 9 |
| Accruals ratio | β3.3% | β6.2% | β13.5% | β11.9% | β13.8% | β5.9% | β5.1% | β16.2% | β10.0% | β7.6% |
| Altman Z'' | 1.48 | 1.46 | 0.76 | β0.04 | β0.90 | 0.01 | β0.03 | β1.13 | β1.31 | β1.85 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $422M | $390M | $408M | $431M | $371M | $418M | $463M | $454M | $451M | $427M |
| Provision for credit losses | β | β | β | β | β | β | $3.0M | $4.3M | $4.7M | $6.0M |
| Gross profit | β | β | β | β | β | β | β | $125M | $124M | $109M |
| Operating income | $74.5M | $47.4M | $17.8M | β$37.1M | β$75.0M | $74.5M | $55.6M | β$19.1M | $21.7M | $44.2M |
| Interest expense | $34.1M | $32.8M | $34.3M | $33.9M | $31.4M | $39.8M | $39.8M | $37.2M | $36.2M | $47.9M |
| Pretax income | $37.0M | $14.3M | β$17.1M | β$72.1M | β$104M | $29.1M | $13.8M | β$49.2M | β$9.6M | β$5.0M |
| Income tax | $16.1M | β$7.5M | $30.8M | β$14.6M | β$23.9M | $10.4M | β$0.6M | β$6.1M | $1.3M | $4.7M |
| Net income | $23.0M | β$13.7M | β$98.7M | β$67.8M | β$82.5M | $16.7M | $12.3M | β$45.0M | β$12.7M | β$11.5M |
| Diluted EPS | $0.85 | β$0.56 | β | β | β | β | β | β$2.68 | β$0.81 | β |
| Diluted shares | 0.03B | 0.03B | 0.02B | 0.02B | 0.02B | 0.02B | 0.02B | 0.02B | 0.02B | 0.02B |
| Cash flow | ||||||||||
| Cash from operations | $58.4M | $51.4M | $34.8M | $40.0M | $31.5M | $61.1M | $50.2M | $67.8M | $48.7M | $30.6M |
| Capital expenditure | $15.0M | $15.8M | $18.1M | $19.7M | $14.9M | $12.4M | $15.8M | $15.0M | $17.4M | $15.2M |
| Free cash flow | $43.3M | $35.6M | $16.7M | $20.3M | $16.5M | $48.7M | $34.4M | $52.8M | $31.3M | $15.4M |
| Depreciation and amortization | $17.1M | $18.4M | $19.6M | $25.8M | $20.1M | $19.1M | $19.0M | $19.2M | $19.7M | $18.4M |
| Stock-based compensation | $4.3M | $0.7M | $1.6M | $2.6M | $2.1M | $3.7M | $3.8M | $8.0M | $17.2M | $13.8M |
| Acquisitions | $1.4M | $5.5M | $23.8M | $0.8M | β | $0.0M | $18.5M | $0.0M | β | β |
| Share buybacks | β | $0.0M | $0.0M | $0.4M | $0.0M | $1.4M | $0.2M | $16.6M | $23.6M | $0.0M |
| Dividends paid | $0.0M | $0.0M | $6.2M | β | β | β | β | β | β | β |
| Dividends and buybacks | $0.0M | $0.0M | $6.2M | $0.4M | $0.0M | $1.4M | $0.2M | $16.6M | $23.6M | $0.0M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $47.1M | $61.2M | $60.5M | $84.7M | $83.2M | $50.5M | $43.4M | $61.0M | $33.0M | $4.8M |
| Total debt | $579M | $572M | $560M | $560M | $543M | $542M | $531M | $504M | $466M | $433M |
| Finance lease liabilities | β | β | β | $0.0M | $0.2M | $0.2M | $1.5M | $1.5M | $1.5M | $1.6M |
| Current assets | $123M | $170M | $154M | $161M | $154M | $120M | $121M | $132M | $105M | $69.4M |
| Current liabilities | $65.2M | $74.4M | $63.9M | $71.6M | $65.8M | $76.0M | $71.7M | $76.1M | $76.3M | $82.2M |
| Property and equipment, net | $139M | $101M | $110M | $114M | $112M | $107M | $114M | $110M | $110M | $110M |
| Goodwill | $252M | $216M | $227M | $158M | $158M | $158M | $161M | $157M | $153M | $148M |
| Intangible assets | $514M | $469M | $428M | $388M | $281M | $278M | $277M | $200M | $162M | $155M |
| Total assets | $1.1B | $1.0B | $937M | $880M | $769M | $726M | $745M | $652M | $580M | $529M |
| Total liabilities | $691M | $673M | $681M | $698M | $668M | $677M | $675M | $642M | $609M | $570M |
| Shareholders' equity | $390M | $361M | $256M | $182M | $101M | $49.6M | $69.1M | $9.9M | β$28.4M | β$41.0M |
| Margins | ||||||||||
| Gross margin | β | β | β | β | β | β | β | 27.5% | 27.5% | 25.5% |
| Operating margin | 17.7% | 12.2% | 4.4% | β8.6% | β20.2% | 17.8% | 12.0% | β4.2% | 4.8% | 10.3% |
| EBITDA margin | 21.7% | 16.9% | 9.2% | β2.6% | β14.8% | 22.4% | 16.1% | 0.0% | 9.2% | 14.6% |
| Net margin | 5.5% | β3.5% | β24.2% | β15.7% | β22.2% | 4.0% | 2.7% | β9.9% | β2.8% | β2.7% |
| FCF margin | 10.3% | 9.1% | 4.1% | 4.7% | 4.5% | 11.6% | 7.4% | 11.6% | 6.9% | 3.6% |
| Returns | ||||||||||
| Return on capital | 5.3% | 5.4% | 1.9% | β4.5% | β10.6% | 9.0% | 10.0% | β3.3% | 4.2% | 9.0% |
| Return on capital employed | 7.3% | 4.9% | 2.0% | β4.6% | β10.7% | 11.5% | 8.3% | β3.3% | 4.3% | 9.9% |
| Return on equity | 5.9% | β3.7% | β32.0% | β30.9% | β58.2% | 22.3% | 20.8% | β113.8% | β | β |
| Return on assets | 2.1% | β1.3% | β10.0% | β7.5% | β10.0% | 2.2% | 1.7% | β6.4% | β2.1% | β2.1% |
| Growth | ||||||||||
| Revenue growth | β | β7.6% | 4.7% | 5.8% | β13.9% | 12.6% | 10.8% | β1.9% | β0.7% | β5.2% |
| Net income growth | β | β159.7% | β | β | β | β | β26.3% | β464.4% | β | β |
| EPS growth | β | β165.9% | β | β | β | β | β | β | β | β |
| FCF growth | β | β17.9% | β53.1% | 21.6% | β18.6% | 194.2% | β29.4% | 53.8% | β40.8% | β50.9% |
| Share count change | β | 2.0% | β33.7% | 0.4% | 0.5% | 13.9% | β14.3% | β7.9% | β6.9% | 3.7% |
| Financial health | ||||||||||
| Net debt / EBITDA | 5.8x | 7.8x | 13.4x | β | β | 5.2x | 6.5x | 7,280.3x | 10.5x | 6.9x |
| Debt / equity | 1.5x | 1.6x | 2.2x | 3.1x | 5.4x | 10.9x | 7.7x | 50.8x | β | β |
| Interest coverage | 2.2x | 1.4x | 0.5x | β1.1x | β2.4x | 1.9x | 1.4x | β0.5x | 0.6x | 0.9x |
| Current ratio | 1.9x | 2.3x | 2.4x | 2.3x | 2.3x | 1.6x | 1.7x | 1.7x | 1.4x | 0.8x |
| Quick ratio | 1.9x | 2.3x | 2.4x | 2.3x | 2.3x | 1.6x | 1.7x | 1.7x | 1.4x | 0.8x |
| Capital allocation | ||||||||||
| Capex / revenue | 3.6% | 4.1% | 4.4% | 4.6% | 4.0% | 3.0% | 3.4% | 3.3% | 3.9% | 3.6% |
| Stock comp / revenue | 1.0% | 0.2% | 0.4% | 0.6% | 0.6% | 0.9% | 0.8% | 1.8% | 3.8% | 3.2% |
| Payouts / FCF | 0.0% | 0.0% | 37.0% | 2.0% | 0.0% | 2.9% | 0.7% | 31.5% | 75.2% | 0.0% |
| Quality scores | ||||||||||
| Piotroski F-score | β | 3.0 | 5.0 | 4.0 | 3.0 | 5.0 | 7.0 | 5.0 | 6.0 | 4.0 |
| Altman Z'' | 1.5 | 1.5 | 0.8 | β0.0 | β0.9 | 0.0 | β0.0 | β1.1 | β1.3 | β1.9 |
| Accruals ratio | β3.3% | β6.2% | β13.5% | β11.9% | β13.8% | β5.9% | β5.1% | β16.2% | β10.0% | β7.6% |
Source: SEC EDGAR XBRL filings (CIK 0001499832). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
