NYSE : TDAY
USA TODAY Co., Inc. — Financial statements
Communication Services · Publishing · United States
Last price 6.19 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 901.96M
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Financial statements
USA TODAY Co., Inc. (TDAY) reported revenue of 2.23B 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 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 2.23B | 2.30B | 2.51B | 2.66B | 2.95B | 2.90B |
| Other Revenue | 307.25M | |||||
| Revenue | 2.23B | 2.30B | 2.51B | 2.66B | 2.95B | 3.21B |
| Cost of Revenue | 1.35B | 1.41B | 1.55B | 1.69B | 1.86B | 1.90B |
| Gross Profit | 880.46M | 891.44M | 963.73M | 971.52M | 1.08B | 1.31B |
| Selling, General & Admin | 592.76M | 619.17M | 691.09M | 713.50M | 793.53M | 806.71M |
| Other Operating Expenses | 1.89M | 20.95M | ||||
| Operating Expenses | 735.65M | 784.93M | 847.38M | 876.12M | 977.45M | 1.02B |
| Operating Income | 144.81M | 106.51M | 116.36M | 95.39M | 107.50M | 290.20M |
| Interest Expense | -88.93M | -97.22M | -104.70M | -111.78M | -108.37M | -135.75M |
| Earnings From Equity Investments | 2.38M | 2.21M | 548.00K | 2.38M | 3.42M | |
| Other Non Operating Income (Expenses) | 2.13M | 872.00K | -19.14M | -10.61M | 2.29M | -107.90M |
| EBT Excluding Unusual Items | 60.39M | 12.36M | -6.93M | -24.61M | 4.84M | 46.55M |
| Merger & Restructuring Charges | -14.27M | -31.59M | -112.16M | -24.47M | -89.03M | -68.56M |
| Gain (Loss) on Sale of Investments | 5.62M | 9.70M | 597.00K | 196.00K | ||
| Gain (Loss) on Sale of Assets | 2.13M | 16.84M | -1.11M | 40.10M | 6.88M | -17.21M |
| Asset Writedown | -168.00K | -2.24M | -589.00K | -1.37M | ||
| Legal Settlements | 13.53M | -4.83M | -13.17M | -544.00K | ||
| Other Unusual Items | -134.00K | -1.52M | 55.68M | 4.53M | 399.00K | -48.71M |
| Pretax Income | 67.08M | -1.27M | -77.67M | -6.17M | -76.91M | -87.92M |
| Income Tax Expense | 107.36M | -3.03M | -51.29M | 21.73M | 1.35M | 48.25M |
| Earnings From Continuing Operations | -40.28M | 1.75M | -26.39M | -27.89M | -78.25M | -136.17M |
| Minority Interest in Earnings | -15.00K | -6.00K | 33.00K | 103.00K | 253.00K | 1.21M |
| Net Income | -40.29M | 1.75M | -26.35M | -27.79M | -78.00M | -134.96M |
| Net Income to Common | -40.29M | 1.75M | -26.35M | -27.79M | -78.00M | -134.96M |
| Shares Outstanding (Basic) | 146.16M | 145.09M | 142.52M | 139.63M | 136.90M | 134.78M |
| Shares Outstanding (Diluted) | 146.16M | 145.98M | 142.52M | 139.63M | 136.90M | 134.78M |
| EPS (Basic) | -0.28 | 0.01 | -0.18 | -0.20 | -0.57 | -1.00 |
| EPS (Diluted) | -0.29 | 0.01 | -0.18 | -0.20 | -0.57 | -1.00 |
| Free Cash Flow | 61.59M | 62.90M | 50.78M | 56.46M | -4.60M | 87.89M |
| Free Cash Flow Per Share | 0.42 | 0.43 | 0.36 | 0.40 | -0.03 | 0.65 |
| Gross Margin | 39.47% | 38.72% | 38.41% | 36.48% | 36.84% | 40.73% |
| Operating Margin | 6.49% | 4.63% | 4.64% | 3.58% | 3.65% | 9.05% |
| Profit Margin | -1.81% | 0.08% | -1.05% | -1.04% | -2.65% | -4.21% |
| Free Cash Flow Margin | 2.76% | 2.73% | 2.02% | 2.12% | -0.16% | 2.74% |
| EBITDA | 287.70M | 272.26M | 272.64M | 258.02M | 289.52M | 478.86M |
| EBITDA Margin | 12.90% | 11.83% | 10.87% | 9.69% | 9.83% | 14.93% |
| D&A For EBITDA | 142.89M | 165.76M | 156.29M | 162.62M | 182.02M | 188.66M |
| EBIT | 144.81M | 106.51M | 116.36M | 95.39M | 107.50M | 290.20M |
| EBIT Margin | 6.49% | 4.63% | 4.64% | 3.58% | 3.65% | 9.05% |
| Effective Tax Rate | 160.04% | |||||
| Revenue as Reported | 2.23B | 2.30B | 2.51B | 2.66B | 2.95B | 3.21B |
| Advertising Expenses | 29.40M | 45.70M | 41.90M | 56.80M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 86.66M | 90.21M | 106.30M | 100.18M | 94.25M | 130.76M |
| Cash & Short-Term Investments | 86.66M | 90.21M | 106.30M | 100.18M | 94.25M | 130.76M |
| Receivables | 221.57M | 223.55M | 239.64M | 266.10M | 289.42M | 328.73M |
| Inventory | 12.70M | 12.89M | 20.91M | 26.79M | 45.22M | 37.66M |
| Prepaid Expenses | 52.90M | 45.96M | 40.27M | 36.21M | 46.20M | 75.50M |
| Restricted Cash | 21.00K | 4.61M | ||||
| Other Current Assets | 29.25M | 16.57M | 18.78M | 14.96M | 32.68M | |
| Total Current Assets | 403.09M | 389.18M | 425.89M | 444.24M | 507.78M | 577.26M |
| Property, Plant & Equipment | 275.22M | 231.46M | 307.26M | 421.10M | 506.34M | 687.32M |
| Goodwill | 518.45M | 518.76M | 530.03M | 533.88M | 533.17M | 533.71M |
| Other Intangible Assets | 307.39M | 407.36M | 508.05M | 564.07M | 646.34M | 713.15M |
| Long-Term Deferred Tax Assets | 70.55M | 77.86M | 60.98M | 37.12M | 56.62M | 32.40M |
| Other Long-Term Assets | 216.10M | 212.54M | 207.93M | 180.84M | 143.32M | 284.23M |
| Total Assets | 1.79B | 1.84B | 2.04B | 2.18B | 2.39B | 2.83B |
| Accounts Payable | 145.77M | 144.40M | 154.16M | 142.22M | 189.09M | 157.26M |
| Accrued Expenses | 89.12M | 108.46M | 105.47M | 107.20M | 116.04M | 136.22M |
| Current Portion of Long-Term Debt | 70.74M | 69.31M | 74.30M | 63.75M | 60.45M | 69.46M |
| Current Portion of Leases | 29.94M | 33.44M | 39.76M | 45.76M | 44.87M | |
| Current Income Taxes Payable | 9.27M | 8.69M | 9.13M | 9.99M | 11.94M | 26.04M |
| Current Unearned Revenue | 104.52M | 105.40M | 108.00M | 120.50M | 153.65M | 184.84M |
| Other Current Liabilities | 47.98M | 48.08M | 54.77M | 44.09M | 40.99M | 88.72M |
| Total Current Liabilities | 497.34M | 517.78M | 545.60M | 533.51M | 617.04M | 662.53M |
| Long-Term Debt | 879.45M | 884.92M | 1.01B | 980.87M | 1.10B | 1.16B |
| Long-Term Leases | 131.87M | 146.42M | 167.73M | 203.87M | 219.11M | 254.97M |
| Pension & Post-Retirement Benefits | 33.14M | 34.17M | 37.82M | 42.66M | 50.71M | 71.94M |
| Long-Term Deferred Tax Liabilities | 11.45M | 8.14M | 4.93M | 2.03M | 1.44M | 28.81M |
| Other Long-Term Liabilities | 84.29M | 91.11M | 125.92M | 100.99M | 108.56M | 117.41M |
| Total Liabilities | 1.64B | 1.68B | 1.89B | 1.86B | 2.10B | 2.30B |
| Common Stock | 1.60M | 1.60M | 1.59M | 1.59M | 1.53M | 1.45M |
| Additional Paid-In Capital | 1.26B | 1.29B | 1.28B | 1.43B | 1.41B | 1.40B |
| Retained Earnings | -1.02B | -1.05B | -1.05B | -1.03B | -999.40M | -921.40M |
| Treasury Stock | -26.35M | -23.61M | -20.54M | -17.39M | -14.74M | -8.15M |
| Comprehensive Income & Other | -62.60M | -58.91M | -56.16M | -65.54M | -101.23M | 60.00M |
| Total Common Equity | 153.75M | 155.11M | 153.14M | 317.79M | 295.74M | 532.10M |
| Minority Interest | -483.00K | -499.00K | -505.00K | -472.00K | -369.00K | -2.48M |
| Shareholders' Equity | 153.26M | 154.61M | 152.63M | 317.31M | 295.37M | 529.62M |
| Total Liabilities & Equity | 1.79B | 1.84B | 2.04B | 2.18B | 2.39B | 2.83B |
| Total Debt | 1.11B | 1.13B | 1.29B | 1.29B | 1.43B | 1.49B |
| Net Cash (Debt) | -1.03B | -1.04B | -1.18B | -1.19B | -1.33B | -1.36B |
| Net Cash Per Share | -7.02 | -7.15 | -8.29 | -8.55 | -9.73 | -10.06 |
| Filing Date Shares Outstanding | 145.71M | 146.00M | 143.21M | 140.36M | 140.59M | 137.60M |
| Total Common Shares Outstanding | 145.71M | 146.02M | 143.23M | 140.48M | 141.04M | 137.12M |
| Working Capital | -94.25M | -128.61M | -119.71M | -89.28M | -109.26M | -85.27M |
| Book Value Per Share | 1.06 | 1.06 | 1.07 | 2.26 | 2.10 | 3.88 |
| Tangible Book Value | -672.10M | -771.01M | -884.93M | -780.16M | -883.76M | -714.76M |
| Tangible Book Value Per Share | -4.61 | -5.28 | -6.18 | -5.55 | -6.27 | -5.21 |
| Land | 13.52M | 18.07M | 21.99M | 30.33M | 48.39M | |
| Buildings | 95.02M | 123.45M | 147.17M | 179.66M | 239.41M | |
| Machinery | 217.22M | 238.93M | 281.97M | 349.32M | 453.94M | |
| Construction In Progress | 9.25M | 14.36M | 10.24M | 11.73M | 10.14M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -40.29M | 1.75M | -26.35M | -27.79M | -78.00M | -134.96M |
| Depreciation & Amortization | 142.89M | 165.76M | 156.29M | 162.62M | 182.02M | 188.66M |
| Loss (Gain) From Sale of Assets | -2.13M | -16.84M | 1.11M | -40.10M | -6.88M | 17.21M |
| Asset Writedown & Restructuring Costs | 168.00K | 2.24M | 46.59M | 1.37M | 1.06M | 19.28M |
| Loss (Gain) on Equity Investments | -2.38M | -2.21M | -548.00K | -2.38M | -3.42M | |
| Stock-Based Compensation | 8.76M | 9.15M | 12.52M | 16.57M | 16.75M | 18.44M |
| Other Operating Activities | -30.14M | -27.85M | -106.19M | 14.16M | -56.81M | 93.75M |
| Change in Accounts Receivable | 17.17M | 17.17M | 25.84M | 34.13M | 44.94M | -33.25M |
| Change in Inventory | 8.11M | 8.11M | 4.62M | 18.51M | -7.43M | -2.82M |
| Change in Accounts Payable | -20.48M | -20.48M | -1.93M | -65.09M | -23.65M | -33.46M |
| Change in Unearned Revenue | -2.28M | -2.28M | -17.28M | -29.97M | -30.08M | 931.00K |
| Change in Other Net Operating Assets | 33.76M | -20.13M | 5.65M | 12.54M | 2.29M | -6.32M |
| Operating Cash Flow | 113.16M | 114.39M | 100.31M | 94.57M | 40.78M | 127.45M |
| Capital Expenditures | -51.57M | -51.49M | -49.53M | -38.12M | -45.38M | -39.56M |
| Cash Acquisitions | -15.43M | -125.00K | ||||
| Sale (Purchase) of Real Estate | 14.33M | 55.30M | 20.98M | 85.30M | 83.50M | 111.77M |
| Investment in Securities | 6.16M | 1.05M | ||||
| Other Investing Activities | -1.00M | -1.00M | -442.00K | -203.00K | -572.00K | -1.43M |
| Investing Cash Flow | -38.24M | 8.97M | -27.95M | 46.98M | 22.12M | 70.65M |
| Long-Term Debt Issued | 15.00M | 837.78M | 80.00M | 1.93B | ||
| Total Debt Issued | 14.65M | 15.00M | 837.78M | 80.00M | 1.93B | |
| Long-Term Debt Repaid | -150.17M | -892.94M | -133.82M | -170.99M | -2.17B | |
| Total Debt Repaid | -59.35M | -150.17M | -892.94M | -133.82M | -170.99M | -2.17B |
| Net Debt Issued (Repaid) | -44.70M | -135.17M | -55.16M | -133.82M | -90.99M | -236.12M |
| Repurchase of Common Stock | -2.74M | -3.06M | -3.14M | -2.64M | -6.55M | -3.24M |
| Other Financing Activities | -28.51M | -1.60M | -10.55M | 952.00K | -5.32M | -21.81M |
| Financing Cash Flow | -75.96M | -139.84M | -68.85M | -135.51M | -102.87M | -261.17M |
| Foreign Exchange Rate Adjustments | -889.00K | -1.89M | 2.06M | -234.00K | 1.15M | -35.00K |
| Net Cash Flow | -1.92M | -18.37M | 5.57M | 5.81M | -38.81M | -63.11M |
| Free Cash Flow | 61.59M | 62.90M | 50.78M | 56.46M | -4.60M | 87.89M |
| Free Cash Flow Margin | 2.76% | 2.73% | 2.02% | 2.12% | -0.16% | 2.74% |
| Free Cash Flow Per Share | 0.42 | 0.43 | 0.36 | 0.40 | -0.03 | 0.65 |
| Levered Free Cash Flow | 84.64M | 133.35M | 158.57M | 112.58M | 104.48M | 263.74M |
| Unlevered Free Cash Flow | 140.22M | 194.11M | 224.00M | 182.44M | 172.21M | 348.58M |
| Cash Interest Paid | 83.04M | 84.23M | 86.32M | 89.33M | 86.48M | 103.88M |
| Cash Income Tax Paid | 14.81M | 10.61M | 10.12M | 8.22M | 3.41M | -8.32M |
| Change in Working Capital | 36.28M | -17.61M | 16.90M | -29.88M | -13.94M | -74.92M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 883.01M | 736.18M | 703.11M | 330.50M | 286.05M | 730.99M |
| Enterprise Value | 1.91B | 1.82B | 1.81B | 1.54B | 1.65B | 2.14B |
| Last Close Price | 6.18 | 5.15 | 5.06 | 2.30 | 2.03 | 5.33 |
| PE Ratio | 420.92 | |||||
| Forward PE | 33.14 | 148.00 | 170.49 | 130.00 | 130.00 | 291.07 |
| PS Ratio | 0.40 | 0.32 | 0.28 | 0.12 | 0.10 | 0.23 |
| PB Ratio | 5.86 | 4.76 | 4.61 | 1.04 | 0.97 | 1.38 |
| P/FCF Ratio | 14.38 | 11.70 | 13.85 | 5.85 | 8.32 | |
| P/OCF Ratio | 7.83 | 6.44 | 7.01 | 3.50 | 7.01 | 5.74 |
| PEG Ratio | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | |
| EV/Sales Ratio | 0.86 | 0.79 | 0.72 | 0.58 | 0.56 | 0.67 |
| EV/EBITDA Ratio | 6.64 | 6.67 | 6.64 | 5.98 | 5.68 | 4.48 |
| EV/EBIT Ratio | 13.20 | 17.05 | 15.55 | 16.18 | 15.30 | 7.39 |
| EV/FCF Ratio | 31.03 | 28.87 | 35.64 | 27.33 | 24.40 | |
| Debt / Equity Ratio | 7.26 | 7.33 | 8.43 | 4.08 | 4.83 | 2.81 |
| Debt / EBITDA Ratio | 3.35 | 3.50 | 3.80 | 3.84 | 3.79 | 2.60 |
| Debt / FCF Ratio | 18.06 | 18.03 | 25.35 | 22.92 | 16.92 | |
| Net Debt / Equity Ratio | 6.69 | 6.75 | 7.74 | 3.76 | 4.51 | 2.56 |
| Net Debt / EBITDA Ratio | 3.56 | 3.83 | 4.33 | 4.63 | 4.60 | 2.83 |
| Net Debt / FCF Ratio | 16.65 | 16.59 | 23.26 | 21.15 | -289.46 | 15.43 |
| Asset Turnover | 1.17 | 1.19 | 1.19 | 1.16 | 1.13 | 1.08 |
| Inventory Turnover | 95.05 | 83.48 | 64.80 | 46.99 | 44.89 | 52.29 |
| Quick Ratio | 0.62 | 0.61 | 0.63 | 0.69 | 0.62 | 0.69 |
| Current Ratio | 0.81 | 0.75 | 0.78 | 0.83 | 0.82 | 0.87 |
| Return on Equity (ROE) | -20.66% | 1.14% | -11.23% | -9.11% | -18.97% | -30.51% |
| Return on Assets (ROA) | 4.76% | 3.43% | 3.45% | 2.61% | 2.57% | 6.11% |
| Return on Invested Capital (ROIC) | -7.35% | 8.41% | 8.18% | 6.08% | 6.12% | 14.68% |
| Return on Capital Employed (ROCE) | 11.20% | 8.10% | 7.80% | 5.80% | 6.10% | 13.40% |
| Earnings Yield | -4.71% | 0.24% | -3.75% | -8.41% | -27.27% | -18.46% |
| FCF Yield | 6.95% | 8.54% | 7.22% | 17.08% | -1.61% | 12.02% |
| Buyback Yield / Dilution | 13.49% | -2.43% | -2.07% | -1.99% | -1.57% | -2.31% |
| Total Shareholder Return | 13.49% | -2.43% | -2.07% | -1.99% | -1.57% | -2.31% |