NASDAQ : IHRT
iHeartMedia, Inc. — Financial statements
Communication Services · Broadcasting · United States
Last price 1.76 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 278.96M
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Financial statements
iHeartMedia, Inc. (IHRT) reported revenue of 3.99B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.99B | 3.86B | 3.85B | 3.75B | 3.91B | 3.56B |
| Cost of Revenue | 1.64B | 1.61B | 1.59B | 1.49B | 1.48B | 1.32B |
| Gross Profit | 2.34B | 2.25B | 2.27B | 2.26B | 2.43B | 2.23B |
| Selling, General & Admin | 1.78B | 1.69B | 1.69B | 1.66B | 1.59B | 1.52B |
| Other Operating Expenses | 10.20M | 10.63M | 2.77M | 1.16M | 25.00M | 5.48M |
| Operating Expenses | 2.13B | 2.06B | 2.11B | 2.09B | 2.06B | 1.99B |
| Operating Income | 214.91M | 193.27M | 159.57M | 170.98M | 368.35M | 239.43M |
| Interest Expense | -393.21M | -402.54M | -379.43M | -389.77M | -341.67M | -332.38M |
| Earnings From Equity Investments | -7.23M | -7.00M | -2.65M | -3.53M | -11.00K | -1.14M |
| Other Non Operating Income (Expenses) | 916.00K | 1.09M | -926.00K | -655.00K | -2.29M | -3.38M |
| EBT Excluding Unusual Items | -184.61M | -215.17M | -223.43M | -222.98M | 24.37M | -97.47M |
| Merger & Restructuring Charges | 5.40M | |||||
| Impairment of Goodwill | -616.09M | -595.50M | ||||
| Gain (Loss) on Sale of Investments | -25.62M | -43.02M | 75.52M | -28.13M | -1.04M | 43.64M |
| Gain (Loss) on Sale of Assets | -3.20M | -26.84M | ||||
| Asset Writedown | -213.90M | -213.91M | -306.60M | -369.59M | -311.49M | -57.73M |
| Other Unusual Items | -1.58M | -1.58M | -97.31M | 56.72M | 30.21M | -11.60M |
| Pretax Income | -420.31M | -473.68M | -1.17B | -1.16B | -257.95M | -150.00M |
| Income Tax Expense | -135.14M | -1.79M | -158.40M | -62.34M | 4.72M | 8.39M |
| Earnings From Continuing Operations | -285.17M | -471.89M | -1.01B | -1.10B | -262.67M | -158.39M |
| Net Income to Company | -285.17M | -471.89M | -1.01B | -1.10B | -262.67M | -158.39M |
| Minority Interest in Earnings | -604.00K | -979.00K | -447.00K | -2.32M | -1.99M | -810.00K |
| Net Income | -285.77M | -472.87M | -1.01B | -1.10B | -264.66M | -159.20M |
| Net Income to Common | -285.77M | -472.87M | -1.01B | -1.10B | -264.66M | -159.20M |
| Shares Outstanding (Basic) | 155.98M | 154.29M | 151.27M | 149.25M | 148.06M | 146.73M |
| Shares Outstanding (Diluted) | 155.98M | 154.29M | 151.27M | 149.25M | 148.06M | 146.73M |
| EPS (Basic) | -1.83 | -3.06 | -6.68 | -7.39 | -1.79 | -1.09 |
| EPS (Diluted) | -1.83 | -3.06 | -6.68 | -7.39 | -1.79 | -1.09 |
| Free Cash Flow | 36.26M | 10.91M | -26.16M | 110.39M | 259.11M | 147.20M |
| Free Cash Flow Per Share | 0.23 | 0.07 | -0.17 | 0.74 | 1.75 | 1.00 |
| Gross Margin | 58.81% | 58.26% | 58.78% | 60.16% | 62.16% | 62.77% |
| Operating Margin | 5.39% | 5.00% | 4.14% | 4.56% | 9.41% | 6.73% |
| Profit Margin | -7.17% | -12.23% | -26.20% | -29.40% | -6.77% | -4.47% |
| Free Cash Flow Margin | 0.91% | 0.28% | -0.68% | 2.94% | 6.62% | 4.14% |
| EBITDA | 552.39M | 553.32M | 569.15M | 599.46M | 814.01M | 708.85M |
| EBITDA Margin | 13.86% | 14.32% | 14.77% | 15.98% | 20.81% | 19.92% |
| D&A For EBITDA | 337.48M | 360.05M | 409.58M | 428.48M | 445.66M | 469.42M |
| EBIT | 214.91M | 193.27M | 159.57M | 170.98M | 368.35M | 239.43M |
| EBIT Margin | 5.39% | 5.00% | 4.14% | 4.56% | 9.41% | 6.73% |
| Advertising Expenses | 289.70M | 254.90M | 233.90M | 166.10M | 166.10M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 174.44M | 270.92M | 259.58M | 346.38M | 336.24M | 352.13M |
| Cash & Short-Term Investments | 174.44M | 270.92M | 259.58M | 346.38M | 336.24M | 352.13M |
| Accounts Receivable | 820.25M | 959.45M | 993.33M | 1.04B | 1.04B | 1.03B |
| Receivables | 820.25M | 959.45M | 993.33M | 1.04B | 1.04B | 1.03B |
| Prepaid Expenses | 254.38M | 190.38M | 97.33M | 93.13M | 79.10M | 65.93M |
| Restricted Cash | 425.00K | 425.00K | ||||
| Other Current Assets | 41.28M | 38.58M | 11.60M | 26.19M | 19.19M | 24.01M |
| Total Current Assets | 1.29B | 1.46B | 1.36B | 1.51B | 1.47B | 1.47B |
| Property, Plant & Equipment | 992.64M | 1.02B | 1.16B | 1.26B | 1.48B | 1.52B |
| Long-Term Investments | 182.08M | 168.46M | 134.22M | 125.22M | 85.92M | |
| Goodwill | 1.11B | 1.11B | 1.11B | 1.72B | 2.31B | 2.31B |
| Other Intangible Assets | 1.21B | 1.32B | 1.74B | 2.29B | 2.90B | 3.44B |
| Other Long-Term Assets | 250.90M | 39.85M | 40.72M | 38.95M | 45.37M | 40.79M |
| Total Assets | 4.85B | 5.13B | 5.57B | 6.95B | 8.34B | 8.88B |
| Accounts Payable | 296.01M | 271.43M | 253.26M | 236.16M | 240.45M | 206.01M |
| Accrued Expenses | 286.29M | 371.41M | 370.65M | 379.56M | 389.59M | 421.03M |
| Current Portion of Long-Term Debt | 95.83M | 73.43M | 22.50M | 340.00K | 664.00K | 673.00K |
| Current Portion of Leases | 57.39M | 60.97M | 69.52M | 73.83M | 70.02M | 88.58M |
| Current Unearned Revenue | 177.74M | 190.19M | 154.34M | 158.54M | 131.08M | 133.12M |
| Total Current Liabilities | 913.26M | 967.42M | 870.28M | 848.44M | 831.82M | 849.42M |
| Long-Term Debt | 4.94B | 4.98B | 5.04B | 5.21B | 5.41B | 5.73B |
| Long-Term Leases | 668.94M | 678.13M | 721.59M | 766.19M | 853.38M | 744.16M |
| Long-Term Unearned Revenue | 12.11M | 14.55M | 19.42M | 23.36M | 26.83M | 27.99M |
| Long-Term Deferred Tax Liabilities | 90.93M | 86.69M | 102.90M | 339.77M | 483.81M | 558.22M |
| Other Long-Term Liabilities | 234.80M | 230.50M | 185.32M | 148.18M | 46.51M | 52.91M |
| Total Liabilities | 6.86B | 6.95B | 6.94B | 7.34B | 7.65B | 7.97B |
| Common Stock | 159.00K | 153.00K | 149.00K | 146.00K | 144.00K | 142.00K |
| Additional Paid-In Capital | 3.00B | 3.00B | 2.98B | 2.95B | 2.91B | 2.88B |
| Retained Earnings | -4.99B | -4.81B | -4.34B | -3.33B | -2.23B | -1.96B |
| Treasury Stock | -22.17M | -12.22M | -10.95M | -10.13M | -8.93M | -6.28M |
| Comprehensive Income & Other | -2.26M | -1.88M | -1.89M | -1.13M | -1.33M | -257.00K |
| Total Common Equity | -2.01B | -1.83B | -1.38B | -394.15M | 674.90M | 907.36M |
| Minority Interest | 2.37M | 4.63M | 5.29M | 9.40M | 9.61M | 8.41M |
| Shareholders' Equity | -2.01B | -1.83B | -1.37B | -384.76M | 684.51M | 915.76M |
| Total Liabilities & Equity | 4.85B | 5.13B | 5.57B | 6.95B | 8.34B | 8.88B |
| Total Debt | 5.76B | 5.79B | 5.86B | 6.05B | 6.33B | 6.57B |
| Net Cash (Debt) | -5.59B | -5.52B | -5.60B | -5.70B | -6.00B | -6.21B |
| Net Cash Per Share | -35.84 | -35.75 | -37.01 | -38.22 | -40.50 | -42.32 |
| Filing Date Shares Outstanding | 158.50M | 155.68M | 152.22M | 149.79M | 148.37M | 147.15M |
| Total Common Shares Outstanding | 158.46M | 155.20M | 152.21M | 149.76M | 148.36M | 147.14M |
| Working Capital | 377.09M | 491.91M | 491.56M | 658.48M | 640.96M | 623.45M |
| Book Value Per Share | -12.69 | -11.80 | -9.05 | -2.63 | 4.55 | 6.17 |
| Tangible Book Value | -4.33B | -4.25B | -4.22B | -4.40B | -4.53B | -4.85B |
| Tangible Book Value Per Share | -27.33 | -27.40 | -27.72 | -29.40 | -30.56 | -32.97 |
| Land | 304.41M | 304.44M | 335.50M | 316.65M | 340.69M | 355.47M |
| Machinery | 1.03B | 1.02B | 1.00B | 928.71M | 875.37M | 737.83M |
| Construction In Progress | 43.68M | 11.89M | 12.19M | 16.47M | 29.09M | 64.73M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -285.77M | -472.87M | -1.01B | -1.10B | -264.66M | -159.20M |
| Depreciation & Amortization | 337.48M | 360.05M | 409.58M | 428.48M | 445.66M | 469.42M |
| Other Amortization | 3.06M | 3.01M | 5.61M | 6.74M | 6.23M | 5.93M |
| Loss (Gain) From Sale of Assets | 8.33M | 9.55M | 1.47M | 2.29M | 23.31M | 26.84M |
| Asset Writedown & Restructuring Costs | 208.50M | 213.91M | 922.68M | 965.09M | 311.49M | 57.73M |
| Loss (Gain) From Sale of Investments | 25.62M | 43.02M | -75.52M | 28.13M | 1.04M | -43.64M |
| Loss (Gain) on Equity Investments | 7.23M | 7.00M | 2.65M | 3.53M | 11.00K | 1.14M |
| Stock-Based Compensation | 16.35M | 19.55M | 28.61M | 34.60M | 35.46M | 23.54M |
| Provision & Write-off of Bad Debts | 21.99M | 19.17M | 15.89M | 29.49M | 14.24M | 4.14M |
| Other Operating Activities | -314.68M | -157.23M | -287.72M | -252.70M | -142.60M | -13.85M |
| Change in Accounts Receivable | 37.95M | 16.78M | 28.39M | -31.09M | -20.87M | -205.20M |
| Change in Accounts Payable | 76.92M | 18.60M | 18.59M | -3.10M | 34.44M | 153.94M |
| Change in Unearned Revenue | -14.71M | 26.00M | -18.18M | 18.14M | 2.71M | 8.23M |
| Change in Other Net Operating Assets | -9.21M | -13.97M | 29.32M | 86.13M | -26.39M | 1.55M |
| Operating Cash Flow | 119.05M | 92.58M | 71.43M | 213.06M | 420.07M | 330.57M |
| Capital Expenditures | -82.79M | -81.67M | -97.59M | -102.67M | -160.97M | -183.37M |
| Sale of Property, Plant & Equipment | 21.54M | 21.54M | 3.15M | 56.96M | 36.83M | 37.46M |
| Cash Acquisitions | -245.46M | |||||
| Investment in Securities | 1.66M | 1.66M | 101.76M | 3.86M | 902.00K | 50.76M |
| Other Investing Activities | -10.58M | -7.76M | -6.81M | -9.48M | -5.99M | -6.18M |
| Investing Cash Flow | -70.17M | -66.24M | 508.00K | -51.33M | -129.23M | -346.79M |
| Long-Term Debt Issued | 100.00M | |||||
| Long-Term Debt Repaid | -112.36M | -151.36M | -148.43M | -300.13M | -352.38M | |
| Net Debt Issued (Repaid) | -97.54M | -12.36M | -151.36M | -148.43M | -300.13M | -352.38M |
| Other Financing Activities | -3.76M | -2.95M | -6.99M | -3.73M | -5.97M | 259.00K |
| Financing Cash Flow | -110.02M | -15.31M | -158.34M | -152.16M | -306.11M | -352.12M |
| Foreign Exchange Rate Adjustments | -343.00K | 311.00K | -394.00K | 151.00K | -634.00K | -292.00K |
| Net Cash Flow | -61.49M | 11.34M | -86.80M | 9.72M | -15.89M | -368.63M |
| Free Cash Flow | 36.26M | 10.91M | -26.16M | 110.39M | 259.11M | 147.20M |
| Free Cash Flow Margin | 0.91% | 0.28% | -0.68% | 2.94% | 6.62% | 4.14% |
| Free Cash Flow Per Share | 0.23 | 0.07 | -0.17 | 0.74 | 1.75 | 1.00 |
| Levered Free Cash Flow | 191.22M | 163.32M | 274.77M | 220.57M | 328.22M | 185.95M |
| Unlevered Free Cash Flow | 433.91M | 411.89M | 506.30M | 457.44M | 535.54M | 387.76M |
| Cash Interest Paid | 397.21M | 361.18M | 427.47M | 392.69M | 342.39M | 328.10M |
| Cash Income Tax Paid | 16.33M | 13.39M | 14.01M | 35.42M | 11.13M | |
| Change in Working Capital | 90.95M | 47.41M | 58.13M | 70.07M | -10.11M | -41.48M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 291.64M | 589.12M | 304.80M | 388.76M | 921.84M | 3.01B |
| Enterprise Value | 5.88B | 6.27B | 5.89B | 6.26B | 7.09B | 9.26B |
| Last Close Price | 1.84 | 4.16 | 1.98 | 2.67 | 6.13 | 21.04 |
| Forward PE | 41.98 | 12.21 | 32.14 | 47.56 | 16.21 | |
| PS Ratio | 0.07 | 0.15 | 0.08 | 0.10 | 0.24 | 0.84 |
| PB Ratio | -0.32 | -0.22 | -1.01 | 1.35 | 3.28 | |
| P/FCF Ratio | 8.04 | 53.99 | 3.52 | 3.56 | 20.43 | |
| P/OCF Ratio | 2.45 | 6.36 | 4.27 | 1.82 | 2.19 | 9.10 |
| PEG Ratio | 1.33 | 1.33 | 5.03 | 7.33 | 2.31 | |
| EV/Sales Ratio | 1.48 | 1.62 | 1.53 | 1.67 | 1.81 | 2.60 |
| EV/EBITDA Ratio | 10.65 | 11.34 | 10.35 | 10.44 | 8.71 | 13.07 |
| EV/EBIT Ratio | 27.37 | 32.45 | 36.92 | 36.62 | 19.24 | 38.68 |
| EV/FCF Ratio | 162.20 | 574.79 | 56.71 | 27.36 | 62.92 | |
| Debt / Equity Ratio | -2.87 | -3.17 | -4.27 | -15.73 | 9.25 | 7.17 |
| Debt / EBITDA Ratio | 7.86 | 7.83 | 7.78 | 7.78 | 6.32 | 7.20 |
| Debt / FCF Ratio | 158.97 | 530.50 | 54.82 | 24.44 | 44.61 | |
| Net Debt / Equity Ratio | -2.78 | -3.02 | -4.08 | -14.82 | 8.76 | 6.78 |
| Net Debt / EBITDA Ratio | 10.12 | 9.97 | 9.84 | 9.52 | 7.37 | 8.76 |
| Net Debt / FCF Ratio | 154.16 | 505.51 | -213.95 | 51.67 | 23.14 | 42.19 |
| Asset Turnover | 0.78 | 0.72 | 0.62 | 0.49 | 0.45 | 0.39 |
| Quick Ratio | 1.09 | 1.27 | 1.44 | 1.64 | 1.65 | 1.63 |
| Current Ratio | 1.41 | 1.51 | 1.56 | 1.78 | 1.77 | 1.73 |
| Return on Equity (ROE) | -734.18% | -32.83% | -16.11% | |||
| Return on Assets (ROA) | 2.62% | 2.26% | 1.59% | 1.40% | 2.67% | 1.65% |
| Return on Invested Capital (ROIC) | 5.40% | 4.36% | 2.95% | 2.67% | 5.33% | 3.33% |
| Return on Capital Employed (ROCE) | 5.50% | 4.60% | 3.40% | 2.80% | 4.90% | 3.00% |
| Earnings Yield | -99.57% | -80.27% | -331.34% | -283.64% | -28.71% | -5.29% |
| FCF Yield | 12.43% | 1.85% | -8.58% | 28.40% | 28.11% | 4.89% |
| Buyback Yield / Dilution | -2.13% | -2.00% | -1.35% | -0.81% | -0.91% | -0.51% |