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Townsquare Media Inc Financials

TSQ
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Townsquare Media Inc (TSQ) financial statements, including the 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).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 29 / 100
Financial Profile 29/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
45

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 45/100, indicating healthy but not exceptional operating efficiency. This is up from 4.8% the prior year.

Growth
25

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 25/100.

Liquidity
12

Townsquare Media Inc's current ratio of 0.84 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 12/100, which could limit financial flexibility.

Cash Flow
34

Townsquare Media Inc has a free cash flow margin of 3.6%, earning a moderate score of 34/100. The company generates positive cash flow after capital investments, but with room for improvement.

Altman Z-Score Distress
0.22

Townsquare Media Inc scores 0.22, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral
5/9

Townsquare Media Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed
-2.66x

For every $1 of reported earnings, Townsquare Media Inc generates $-2.66 in operating cash flow ($30.6M OCF vs -$11.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk
0.9x

Townsquare Media Inc earns $0.9 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
$427.4M
YoY-5.2%
5Y CAGR+2.9%
10Y CAGR-0.3%

Townsquare Media Inc generated $427.4M in revenue in fiscal year 2025. This represents a decrease of 5.2% from the prior year.

EBITDA
$62.6M
YoY+51.4%
10Y CAGR-4.8%

Townsquare Media Inc's EBITDA was $62.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 51.4% from the prior year.

Net Income
-$11.5M
YoY+9.4%

Townsquare Media Inc reported -$11.5M in net income in fiscal year 2025. This represents an increase of 9.4% from the prior year.

EPS (Diluted)
$-0.71
YoY+12.3%

Townsquare Media Inc earned $-0.71 per diluted share (EPS) in fiscal year 2025. This represents an increase of 12.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$15.4M
YoY-50.9%
5Y CAGR-1.4%
10Y CAGR+3.2%

Townsquare Media Inc generated $15.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 50.9% from the prior year.

Cash & Debt
$4.8M
YoY-85.6%
5Y CAGR-43.6%
10Y CAGR-16.9%

Townsquare Media Inc held $4.8M in cash against $421.2M in long-term debt as of fiscal year 2025.

Dividends Per Share
$0.80
YoY+1.3%
5Y CAGR+60.5%

Townsquare Media Inc paid $0.80 per share in dividends in fiscal year 2025. This represents an increase of 1.3% from the prior year.

Shares Outstanding
N/A

Margins & Returns

Gross Margin
25.5%
YoY-2.0pp

Townsquare Media Inc's gross margin was 25.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.0 percentage points from the prior year.

Operating Margin
10.3%
YoY+5.5pp
5Y CAGR+30.5pp
10Y CAGR-8.9pp

Townsquare Media Inc's operating margin was 10.3% in fiscal year 2025, reflecting core business profitability. This is up 5.5 percentage points from the prior year.

Net Margin
-2.7%
YoY+0.1pp
5Y CAGR+19.5pp
10Y CAGR-4.9pp

Townsquare Media Inc's net profit margin was -2.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.1 percentage points from the prior year.

Return on Equity
N/A

Capital Allocation

R&D Spending
N/A
Share Buybacks
$0
YoY-100.0%

Townsquare Media Inc spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.

Capital Expenditures
$15.2M
YoY-12.7%
5Y CAGR+0.4%
10Y CAGR+0.3%

Townsquare Media Inc invested $15.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 12.7% from the prior year.

TSQ Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $106.5M-0.2% $106.8M-7.5% $115.4M+17.0% $98.7M-16.2% $117.8M+2.2% $115.3M-2.5% $118.2M+18.7% $99.6M
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit $25.6M-8.5% $28.0M-14.2% $32.6M+42.7% $22.9M-38.6% $37.2M+18.1% $31.5M-3.7% $32.7M+43.9% $22.7M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $4.1M-31.6% $6.0M-3.4% $6.2M+31.3% $4.7M-22.0% $6.1M-0.2% $6.1M-6.5% $6.5M+24.2% $5.2M
Operating Income $10.1M+69.8% $5.9M-71.8% $21.1M+195.1% $7.1M-66.6% $21.3M+41.3% $15.1M+170.6% -$21.4M-421.8% $6.6M
Interest Expense $12.4M-1.4% $12.6M-0.4% $12.7M+23.6% $10.2M+16.2% $8.8M-4.0% $9.2M-0.4% $9.2M+2.0% $9.0M
Income Tax $2.5M+339.3% -$1.1M-116.9% $6.3M+307.0% -$3.0M+75.9% -$12.6M-145.6% -$5.1M-127.2% $18.8M+8994.2% $207K
Net Income -$5.2M+11.9% -$5.9M-476.6% $1.6M+179.1% -$2.0M-108.1% $24.6M+126.4% $10.8M+122.0% -$49.2M-4434.9% $1.1M
EPS (Diluted) N/A $-0.36-500.0% $0.09+175.0% $-0.12 N/A $0.63+119.3% $-3.26-5533.3% $0.06

TSQ Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $528.6M-2.0% $539.2M-1.2% $545.7M+0.2% $544.5M-6.2% $580.4M+2.7% $565.4M-2.5% $579.6M-9.0% $636.7M
Current Assets $69.4M-3.9% $72.2M-6.1% $76.9M+8.5% $70.9M-32.8% $105.4M+14.4% $92.2M-8.6% $100.9M-16.9% $121.3M
Cash & Equivalents $4.8M+48.2% $3.2M+0.9% $3.2M-42.4% $5.5M-83.2% $33.0M+51.4% $21.8M-23.6% $28.5M-49.6% $56.6M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $52.0M-6.2% $55.5M-7.1% $59.8M+15.8% $51.6M-14.9% $60.6M+5.2% $57.7M-4.8% $60.5M+12.3% $53.9M
Goodwill $147.6M-1.5% $149.9M-2.0% $152.9M0.0% $152.9M0.0% $152.9M0.0% $152.9M-1.1% $154.6M-1.7% $157.3M
Total Liabilities $569.6M-0.6% $573.2M+0.1% $572.8M+0.3% $571.3M-6.2% $608.9M-1.5% $617.9M-4.0% $643.8M+1.4% $634.9M
Current Liabilities $82.2M+0.6% $81.7M+4.0% $78.6M+8.2% $72.6M-4.8% $76.3M+14.0% $66.9M-10.1% $74.4M+7.3% $69.3M
Long-Term Debt $421.2M-1.1% $425.8M-0.5% $428.0M-2.0% $436.7M-6.2% $465.8M-2.3% $476.7M-2.1% $487.1M-2.6% $500.1M
Total Equity -$41.0M-20.7% -$34.0M-25.4% -$27.1M-1.0% -$26.8M+5.7% -$28.4M+45.8% -$52.5M+18.2% -$64.1M-3585.7% $1.8M
Retained Earnings -$353.2M-2.5% -$344.7M-2.8% -$335.3M-0.6% -$333.3M-1.7% -$327.8M+6.1% -$349.0M+2.1% -$356.6M-17.2% -$304.2M

TSQ Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $12.6M+59.8% $7.9M-22.7% $10.2M+15547.0% -$66K-100.2% $28.2M+185.5% $9.9M+9.5% $9.0M+439.4% $1.7M
Capital Expenditures $3.4M-4.3% $3.6M-6.2% $3.8M-15.3% $4.5M+21.9% $3.7M-27.9% $5.1M+19.8% $4.3M-4.0% $4.4M
Free Cash Flow $9.2M+112.5% $4.3M-32.5% $6.4M+241.0% -$4.5M-118.5% $24.5M+412.9% $4.8M+0.4% $4.8M+272.7% -$2.8M
Investing Cash Flow -$1.1M+28.1% -$1.5M-160.9% $2.4M+156.1% -$4.3M-87.2% -$2.3M+35.8% -$3.6M+2.7% -$3.7M-1221.0% -$281K
Financing Cash Flow -$10.2M-60.9% -$6.4M+57.5% -$15.0M+34.1% -$22.7M-49.8% -$15.2M-16.9% -$13.0M+61.1% -$33.4M-472.3% -$5.8M
Dividends Paid N/A N/A N/A N/A N/A $3.2M+1.3% $3.2M+0.5% $3.2M
Share Buybacks $0 $0 $0 $0 $0-100.0% $1.4M-92.0% $17.8M+314.8% $4.3M

TSQ Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 24.1%-2.2pp 26.2%-2.0pp 28.2%+5.1pp 23.2%-8.4pp 31.6%+4.3pp 27.3%-0.3pp 27.7%+4.9pp 22.8%
Operating Margin 9.5%+3.9pp 5.6%-12.7pp 18.2%+11.0pp 7.2%-10.9pp 18.1%+5.0pp 13.1%+31.2pp -18.1%-24.7pp 6.7%
Net Margin -4.9%+0.6pp -5.5%-6.9pp 1.4%+3.4pp -2.0%-22.9pp 20.8%+11.4pp 9.4%+51.1pp -41.6%-42.8pp 1.1%
Return on Equity N/A N/A N/A N/A N/A N/A N/A 61.7%
Return on Assets -1.0%+0.1pp -1.1%-1.4pp 0.3%+0.7pp -0.4%-4.6pp 4.2%+2.3pp 1.9%+10.4pp -8.5%-8.7pp 0.2%
Current Ratio 0.84-0.0 0.88-0.1 0.980.0 0.98-0.4 1.380.0 1.38+0.0 1.36-0.4 1.75
Debt-to-Equity -10.28+2.3 -12.54+3.3 -15.80+0.5 -16.28+0.1 -16.38-7.3 -9.09-1.5 -7.59-279.4 271.80
FCF Margin 8.6%+4.6pp 4.0%-1.5pp 5.5%+10.2pp -4.6%-25.4pp 20.8%+16.7pp 4.2%+0.1pp 4.0%+6.8pp -2.8%

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.

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Frequently Asked Questions

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.

Townsquare Media Inc (TSQ) revenue declined by 5.2% year-over-year, from $451.0M to $427.4M in fiscal year 2025.

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

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

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

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.

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.

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.

Yes, Townsquare Media Inc (TSQ) paid $0.80 per share in dividends during fiscal year 2025.

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.

Townsquare Media Inc (TSQ) generated $30.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

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

Townsquare Media Inc (TSQ) invested $15.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

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.

Townsquare Media Inc (TSQ) had a debt-to-equity ratio of -10.28 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

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.

Townsquare Media Inc (TSQ) has negative shareholder equity of -$41.0M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. 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.

Townsquare Media Inc (TSQ) has an Altman Z-Score of 0.22, 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.

Townsquare Media Inc (TSQ) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Townsquare Media Inc (TSQ) has an earnings quality ratio of -2.66x, considered mixed quality. 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.

Townsquare Media Inc (TSQ) has an interest coverage ratio of 0.9x, 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.

Townsquare Media Inc (TSQ) scores 29 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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