NYSE : TSQ
Townsquare Media, Inc. — Financial statements
Communication Services · Advertising Agencies · United States
Last price 2.97 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 54.15M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Townsquare Media, Inc. (TSQ) reported revenue of 425.39M 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 | 425.39M | 427.38M | 450.98M | 454.23M | 463.08M | 417.96M |
| Cost of Revenue | 333.49M | 332.05M | 343.95M | 337.23M | 328.73M | 292.02M |
| Gross Profit | 91.90M | 95.33M | 107.03M | 117.00M | 134.35M | 125.94M |
| Selling, General & Admin | 20.95M | 21.00M | 23.82M | 25.02M | 24.43M | 24.54M |
| Operating Expenses | 38.92M | 39.41M | 43.48M | 44.22M | 43.47M | 43.64M |
| Operating Income | 52.98M | 55.92M | 63.55M | 72.78M | 90.88M | 82.30M |
| Interest Expense | -47.79M | -47.92M | -36.88M | -38.97M | -40.02M | -39.87M |
| Interest & Investment Income | 651.00K | 1.72M | 190.00K | 19.00K | ||
| Other Non Operating Income (Expenses) | -10.56M | -11.01M | -3.94M | -689.00K | -2.66M | -878.00K |
| EBT Excluding Unusual Items | -5.38M | -3.01M | 23.38M | 34.84M | 48.39M | 41.57M |
| Merger & Restructuring Charges | -937.00K | -937.00K | -778.00K | -127.00K | -2.36M | -4.46M |
| Impairment of Goodwill | -5.31M | -5.31M | -4.37M | -4.21M | ||
| Gain (Loss) on Sale of Investments | 2.27M | -9.68M | -3.27M | 132.00K | ||
| Gain (Loss) on Sale of Assets | 3.25M | 8.84M | 765.00K | -170.00K | 275.00K | -601.00K |
| Asset Writedown | -37.33M | -3.60M | -31.35M | -71.87M | -29.91M | -1.91M |
| Other Unusual Items | 247.00K | -1.21M | -46.00K | 1.25M | 108.00K | -6.00M |
| Pretax Income | -45.26M | -5.02M | -9.62M | -49.16M | 13.83M | 29.14M |
| Income Tax Expense | 3.84M | 4.73M | 1.31M | -6.14M | -564.00K | 10.35M |
| Earnings From Continuing Operations | -49.10M | -9.75M | -10.93M | -43.02M | 14.39M | 18.78M |
| Net Income to Company | -49.10M | -9.75M | -10.93M | -43.02M | 14.39M | 18.78M |
| Minority Interest in Earnings | -1.21M | -1.77M | -1.78M | -1.94M | -2.05M | -2.05M |
| Net Income | -50.30M | -11.52M | -12.70M | -44.96M | 12.34M | 16.74M |
| Net Income to Common | -50.30M | -11.52M | -12.70M | -44.96M | 12.34M | 16.74M |
| Shares Outstanding (Basic) | 16.81M | 16.18M | 15.60M | 16.76M | 16.99M | 16.84M |
| Shares Outstanding (Diluted) | 16.81M | 16.18M | 15.60M | 16.76M | 18.20M | 21.24M |
| EPS (Basic) | -2.99 | -0.71 | -0.81 | -2.68 | 0.73 | 0.99 |
| EPS (Diluted) | -2.99 | -0.71 | -0.81 | -2.68 | 0.68 | 0.79 |
| Free Cash Flow | 14.26M | 15.38M | 31.31M | 52.85M | 34.36M | 48.66M |
| Free Cash Flow Per Share | 0.85 | 0.95 | 2.01 | 3.15 | 1.89 | 2.29 |
| Dividend Per Share | 0.80 | 0.80 | 0.79 | 0.75 | ||
| Gross Margin | 21.60% | 22.30% | 23.73% | 25.76% | 29.01% | 30.13% |
| Operating Margin | 12.45% | 13.08% | 14.09% | 16.02% | 19.62% | 19.69% |
| Profit Margin | -11.82% | -2.70% | -2.82% | -9.90% | 2.66% | 4.00% |
| Free Cash Flow Margin | 3.35% | 3.60% | 6.94% | 11.63% | 7.42% | 11.64% |
| EBITDA | 71.89M | 74.33M | 83.21M | 91.98M | 109.92M | 101.39M |
| EBITDA Margin | 16.90% | 17.39% | 18.45% | 20.25% | 23.74% | 24.26% |
| D&A For EBITDA | 18.91M | 18.41M | 19.67M | 19.20M | 19.04M | 19.10M |
| EBIT | 52.98M | 55.92M | 63.55M | 72.78M | 90.88M | 82.30M |
| EBIT Margin | 12.45% | 13.08% | 14.09% | 16.02% | 19.62% | 19.69% |
| Effective Tax Rate | 35.53% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.17M | 4.76M | 32.99M | 61.05M | 43.42M | 50.51M |
| Cash & Short-Term Investments | 1.17M | 4.76M | 32.99M | 61.05M | 43.42M | 50.51M |
| Receivables | 60.32M | 52.05M | 60.63M | 60.78M | 61.23M | 57.65M |
| Prepaid Expenses | 4.91M | 4.08M | 4.52M | 5.16M | 9.74M | 6.69M |
| Other Current Assets | 8.60M | 8.50M | 7.30M | 5.20M | 6.30M | 5.40M |
| Total Current Assets | 75.00M | 69.39M | 105.45M | 132.18M | 120.69M | 120.24M |
| Property, Plant & Equipment | 152.38M | 155.14M | 158.59M | 157.08M | 164.81M | 149.71M |
| Long-Term Investments | 725.00K | 725.00K | 725.00K | 3.54M | 19.11M | 18.22M |
| Goodwill | 147.59M | 147.59M | 152.90M | 157.27M | 161.38M | 157.95M |
| Other Intangible Assets | 118.11M | 155.05M | 162.16M | 200.31M | 276.84M | 278.26M |
| Other Long-Term Assets | 919.00K | 725.00K | 592.00K | 1.67M | 1.69M | 1.93M |
| Total Assets | 494.72M | 528.62M | 580.41M | 652.05M | 744.52M | 726.31M |
| Accounts Payable | 9.39M | 6.89M | 4.45M | 5.04M | 4.13M | 5.68M |
| Accrued Expenses | 42.69M | 46.98M | 52.88M | 52.62M | 47.91M | 52.68M |
| Current Portion of Long-Term Debt | 12.50M | 11.75M | ||||
| Current Portion of Leases | 7.64M | 7.87M | 9.03M | 9.38M | 9.01M | 7.40M |
| Current Unearned Revenue | 8.38M | 8.74M | 9.90M | 9.06M | 10.67M | 10.21M |
| Total Current Liabilities | 80.60M | 82.23M | 76.26M | 76.09M | 71.71M | 75.96M |
| Long-Term Debt | 427.54M | 421.25M | 465.76M | 499.66M | 524.44M | 541.52M |
| Long-Term Leases | 40.51M | 43.56M | 44.18M | 41.44M | 45.11M | 38.74M |
| Long-Term Deferred Tax Liabilities | 18.89M | 16.76M | 12.50M | 11.86M | 18.75M | 20.08M |
| Other Long-Term Liabilities | 6.40M | 5.81M | 10.17M | 13.10M | 15.43M | 425.00K |
| Total Liabilities | 573.93M | 569.61M | 608.86M | 642.14M | 675.44M | 676.73M |
| Common Stock | 191.00K | 175.00K | 167.00K | 168.00K | 173.00K | 169.00K |
| Additional Paid-In Capital | 329.99M | 319.82M | 307.00M | 310.61M | 309.64M | 302.72M |
| Retained Earnings | -400.39M | -353.19M | -327.82M | -302.19M | -244.30M | -256.63M |
| Treasury Stock | -11.20M | -11.20M | -11.20M | -2.18M | ||
| Total Common Equity | -81.41M | -44.41M | -31.86M | 6.41M | 65.52M | 46.26M |
| Minority Interest | 2.20M | 3.41M | 3.41M | 3.50M | 3.56M | 3.33M |
| Shareholders' Equity | -79.21M | -40.99M | -28.44M | 9.91M | 69.08M | 49.58M |
| Total Liabilities & Equity | 494.72M | 528.62M | 580.41M | 652.05M | 744.52M | 726.31M |
| Total Debt | 488.19M | 484.42M | 518.96M | 550.47M | 578.56M | 587.66M |
| Net Cash (Debt) | -487.02M | -479.66M | -485.97M | -489.43M | -535.14M | -537.15M |
| Net Cash Per Share | -28.97 | -29.64 | -31.15 | -29.20 | -29.40 | -25.29 |
| Filing Date Shares Outstanding | 18.23M | 17.11M | 16.12M | 16.63M | 17.33M | 17.06M |
| Total Common Shares Outstanding | 18.14M | 16.53M | 15.74M | 16.62M | 17.24M | 16.85M |
| Working Capital | -5.60M | -12.84M | 29.19M | 56.09M | 48.97M | 44.28M |
| Book Value Per Share | -4.49 | -2.69 | -2.02 | 0.39 | 3.80 | 2.75 |
| Tangible Book Value | -347.11M | -347.04M | -346.91M | -351.17M | -372.70M | -389.95M |
| Tangible Book Value Per Share | -19.13 | -20.99 | -22.05 | -21.13 | -21.62 | -23.14 |
| Land | 18.08M | 18.27M | 18.54M | 19.32M | 19.97M | 20.56M |
| Buildings | 60.43M | 60.70M | 59.53M | 58.30M | 57.39M | 55.19M |
| Machinery | 179.14M | 176.28M | 178.83M | 173.72M | 175.94M | 160.34M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -50.30M | -11.52M | -12.70M | -44.96M | 12.34M | 16.74M |
| Depreciation & Amortization | 18.91M | 18.41M | 19.67M | 19.20M | 19.04M | 19.10M |
| Other Amortization | 6.43M | 6.07M | 6.97M | 6.95M | 6.19M | 1.73M |
| Loss (Gain) From Sale of Assets | -3.25M | -8.84M | -765.00K | |||
| Asset Writedown & Restructuring Costs | 42.64M | 8.91M | 35.71M | 76.08M | 31.11M | 1.91M |
| Loss (Gain) From Sale of Investments | -2.27M | 9.68M | 2.07M | -132.00K | ||
| Stock-Based Compensation | 12.83M | 13.78M | 17.17M | 8.03M | 3.80M | 3.72M |
| Provision & Write-off of Bad Debts | 5.74M | 6.03M | 4.73M | 4.26M | 3.02M | 3.92M |
| Other Operating Activities | 440.00K | 3.58M | -3.00M | -11.70M | -8.33M | 6.67M |
| Change in Accounts Receivable | -5.54M | 3.16M | -5.00M | -3.90M | -7.18M | -3.07M |
| Change in Accounts Payable | -558.00K | 2.50M | -751.00K | 982.00K | -1.61M | -3.35M |
| Change in Other Net Operating Assets | 912.00K | -11.49M | -11.02M | 3.20M | -10.27M | 13.88M |
| Operating Cash Flow | 28.25M | 30.60M | 48.75M | 67.83M | 50.19M | 61.08M |
| Capital Expenditures | -13.99M | -15.22M | -17.44M | -14.98M | -15.83M | -12.42M |
| Sale of Property, Plant & Equipment | 5.05M | 10.56M | 7.04M | 1.95M | 968.00K | 1.70M |
| Cash Acquisitions | -18.48M | |||||
| Investment in Securities | 5.71M | -278.00K | ||||
| Other Investing Activities | 249.00K | 205.00K | 474.00K | 3.75M | -4.42M | 362.00K |
| Investing Cash Flow | -8.69M | -4.46M | -9.93M | -3.57M | -37.76M | -10.64M |
| Long-Term Debt Issued | 464.40M | 550.00M | ||||
| Total Debt Issued | 18.00M | 464.40M | 550.00M | |||
| Long-Term Debt Repaid | -498.96M | -37.93M | -26.11M | -19.00M | -545.88M | |
| Total Debt Repaid | -24.59M | -498.96M | -37.93M | -26.11M | -19.00M | -545.88M |
| Net Debt Issued (Repaid) | -6.59M | -34.56M | -37.93M | -26.11M | -19.00M | 4.12M |
| Issuance of Common Stock | 1.02M | 1.45M | 8.60M | 7.48M | 1.54M | 11.89M |
| Repurchase of Common Stock | -67.00K | -1.54M | -23.88M | -16.64M | -225.00K | -81.79M |
| Common Dividends Paid | -13.89M | -13.21M | -12.31M | -9.34M | ||
| Other Financing Activities | -2.05M | -6.46M | -1.86M | -2.00M | -1.82M | -17.39M |
| Financing Cash Flow | -21.57M | -54.32M | -67.38M | -46.62M | -19.51M | -83.17M |
| Net Cash Flow | -2.01M | -28.17M | -28.56M | 17.64M | -7.09M | -32.72M |
| Free Cash Flow | 14.26M | 15.38M | 31.31M | 52.85M | 34.36M | 48.66M |
| Free Cash Flow Margin | 3.35% | 3.60% | 6.94% | 11.63% | 7.42% | 11.64% |
| Free Cash Flow Per Share | 0.85 | 0.95 | 2.01 | 3.15 | 1.89 | 2.29 |
| Levered Free Cash Flow | 29.08M | 31.25M | 42.23M | 50.48M | 31.60M | 50.30M |
| Unlevered Free Cash Flow | 54.01M | 56.60M | 63.20M | 72.75M | 54.73M | 73.48M |
| Cash Interest Paid | 43.13M | 51.90M | 35.79M | 37.55M | 38.60M | 28.70M |
| Cash Income Tax Paid | 713.00K | 1.05M | 1.14M | 1.41M | 1.20M | 595.00K |
| Change in Working Capital | -5.18M | -5.83M | -16.77M | 279.00K | -19.06M | 7.46M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 58.34M | 84.61M | 141.32M | 173.79M | 124.81M | 223.15M |
| Enterprise Value | 545.36M | 574.14M | 647.37M | 689.83M | 679.05M | 783.40M |
| Last Close Price | 2.97 | 4.43 | 7.07 | 7.80 | 4.96 | 9.12 |
| PE Ratio | 10.12 | 13.33 | ||||
| Forward PE | 19.39 | 13.89 | 5.90 | 7.46 | 3.54 | 7.58 |
| PS Ratio | 0.13 | 0.20 | 0.31 | 0.38 | 0.27 | 0.53 |
| PB Ratio | -2.06 | -4.97 | 17.54 | 1.81 | 4.50 | |
| P/FCF Ratio | 3.80 | 5.50 | 4.51 | 3.29 | 3.63 | 4.59 |
| P/OCF Ratio | 1.92 | 2.77 | 2.90 | 2.56 | 2.49 | 3.65 |
| PEG Ratio | 0.70 | 0.70 | 0.62 | 0.29 | 0.58 | |
| EV/Sales Ratio | 1.27 | 1.34 | 1.44 | 1.52 | 1.47 | 1.87 |
| EV/EBITDA Ratio | 7.53 | 7.72 | 7.78 | 7.50 | 6.18 | 7.73 |
| EV/EBIT Ratio | 10.22 | 10.27 | 10.19 | 9.48 | 7.47 | 9.52 |
| EV/FCF Ratio | 37.95 | 37.33 | 20.68 | 13.05 | 19.77 | 16.10 |
| Debt / Equity Ratio | -6.16 | -11.82 | -18.25 | 55.54 | 8.38 | 11.85 |
| Debt / EBITDA Ratio | 5.80 | 5.56 | 5.35 | 5.16 | 4.71 | 5.20 |
| Debt / FCF Ratio | 34.24 | 31.50 | 16.58 | 10.42 | 16.84 | 12.08 |
| Net Debt / Equity Ratio | -6.15 | -11.70 | -17.09 | 49.38 | 7.75 | 10.83 |
| Net Debt / EBITDA Ratio | 6.77 | 6.45 | 5.84 | 5.32 | 4.87 | 5.30 |
| Net Debt / FCF Ratio | 34.16 | 31.18 | 15.52 | 9.26 | 15.58 | 11.04 |
| Asset Turnover | 0.82 | 0.77 | 0.73 | 0.65 | 0.63 | 0.56 |
| Quick Ratio | 0.76 | 0.69 | 1.23 | 1.60 | 1.46 | 1.42 |
| Current Ratio | 0.93 | 0.84 | 1.38 | 1.74 | 1.68 | 1.58 |
| Return on Equity (ROE) | -108.93% | 24.25% | 24.99% | |||
| Return on Assets (ROA) | 6.37% | 6.30% | 6.44% | 6.51% | 7.72% | 6.88% |
| Return on Invested Capital (ROIC) | 12.46% | 11.77% | 12.67% | 13.19% | 15.26% | 8.84% |
| Return on Capital Employed (ROCE) | 12.80% | 12.50% | 12.60% | 12.60% | 13.50% | 12.70% |
| Earnings Yield | -93.51% | -13.61% | -8.99% | -25.87% | 9.88% | 7.50% |
| FCF Yield | 26.33% | 18.18% | 22.15% | 30.41% | 27.53% | 21.81% |
| Dividend Yield | 25.00% | 15.63% | 8.80% | 7.17% | ||
| Buyback Yield / Dilution | -6.98% | -3.74% | 6.92% | 7.93% | 14.30% | -13.91% |
| Total Shareholder Return | 19.96% | 11.89% | 15.72% | 15.10% | 14.30% | -13.91% |