CMLS (Cumulus Media Inc.) Stock Financials & Earnings | Market Cap Arena

CMLS (Cumulus Media Inc.) Stock Financials & Earnings | Market Cap Arena

CMLSCumulus Media Inc.

Mkt Cap$154152

Communication Services·Broadcasting·🇺🇸 United States·NASDAQ

Revenue (TTM)$772M

Net Income (TTM)-$297M

EPS (TTM)-$17.39

Free Cash Flow (TTM)-$10M

Gross Margin62.7%

Op. Margin-31.3%

Net Margin-38.4%

FCF Margin-1.3%

P/S Ratio (TTM)0.0x

P/E Ratio (TTM)—

YoY Rev Growth-6.9%

Employees—

Earnings Reports

Next: Q4 2025 · Mar 12

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q4 22	$251M	$152M	$9M
Q1 23	$206M	$117M	$1M
Q2 23	$210M	$137M	$3M
Q3 23	$207M	$131M	$18M
Q4 23	$221M	$127M	-$63M
Q1 24	$200M	$115M	-$10M
Q2 24	$205M	$131M	-$10M
Q3 24	$204M	$127M	$7M
Q4 24	$219M	$129M	-$226M
Q1 25	$187M	$108M	-$15M
Q2 25	$186M	$127M	$4M
Q3 25	$180M	$120M	-$4M

Valuation

Quarter	P/S	P/E
Q4 22	0.0x	0.0x
Q1 23	0.0x	—
Q2 23	0.0x	—
Q3 23	0.0x	—
Q4 23	0.0x	—
Q1 24	0.0x	—
Q2 24	0.0x	—
Q3 24	0.0x	—
Q4 24	0.0x	—
Q1 25	0.0x	—
Q2 25	0.0x	—
Q3 25	0.0x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 22	$24M	$11M
Q1 23	$24M	$16M
Q2 23	$12M	$5M
Q3 23	-$7M	-$14M
Q4 23	$3M	-$517K
Q1 24	-$16M	-$24M
Q2 24	-$8M	-$13M
Q3 24	$4M	$598K
Q4 24	$17M	$13M
Q1 25	-$4M	-$9M
Q2 25	-$4M	-$9M
Q3 25	-$659K	-$5M

Capital Expenditures

CapEx

Quarter	CapEx
Q4 22	$13M
Q1 23	$7M
Q2 23	$7M
Q3 23	$7M
Q4 23	$4M
Q1 24	$8M
Q2 24	$4M
Q3 24	$3M
Q4 24	$4M
Q1 25	$6M
Q2 25	$6M
Q3 25	$4M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 22	-0.4%	+2.9%
Q1 23	-11.4%	-5.8%
Q2 23	-11.2%	-1.3%
Q3 23	-11.2%	-7.4%
Q4 23	-11.9%	+17.6%
Q1 24	-2.7%	+2.9%
Q2 24	-2.5%	+3.6%
Q3 24	-1.8%	+3.7%
Q4 24	-1.2%	+56.4%
Q1 25	-6.4%	-4.0%
Q2 25	-9.2%	-15.0%
Q3 25	-11.5%	-6.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 22	$2M	0.6%
Q1 23	$1M	0.5%
Q2 23	$1M	0.7%
Q3 23	$1M	0.7%
Q4 23	$1M	0.5%
Q1 24	$1M	0.5%
Q2 24	$1M	0.7%
Q3 24	$1M	0.5%
Q4 24	$1M	0.6%
Q1 25	$849K	0.5%
Q2 25	$574K	0.3%
Q3 25	$577K	0.3%

OpEx Breakdown

Quarter	G&A	S&M
Q4 22	$112M	$13K
Q1 23	$94M	—
Q2 23	$94M	—
Q3 23	$92M	—
Q4 23	$11M	$96M
Q1 24	$95M	$13M
Q2 24	$30M	$94M
Q3 24	—	$176M
Q4 24	$12M	$94M
Q1 25	$12M	$93M
Q2 25	$12M	$93M
Q3 25	$94M	—

Revenue Segments

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$107M	$0	$107M
Q1 23	$119M	$0	$119M
Q2 23	$92M	$0	$92M
Q3 23	$83M	$0	$83M
Q4 23	$81M	$0	$81M
Q1 24	$68M	$0	$68M
Q2 24	$53M	$0	$53M
Q3 24	$52M	$0	$52M
Q4 24	$64M	$0	$64M
Q1 25	$53M	$0	$53M
Q2 25	$97M	$0	$97M
Q3 25	$90M	$0	$90M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q4 22	18M	-3.5%
Q1 23	18M	+0.3%
Q2 23	18M	-2.4%
Q3 23	17M	-7.5%
Q4 23	17M	+0.3%
Q1 24	17M	+0.8%
Q2 24	17M	+1.2%
Q3 24	17M	+0.3%
Q4 24	17M	+0.3%
Q1 25	17M	+1.3%
Q2 25	17M	+1.4%
Q3 25	17M	+0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 13	$171K	6K
FY 14	$206K	6K
FY 15	$208K	6K
FY 16	$208K	5K
FY 17	$218K	5K
FY 18	$222K	5K
FY 19	$235K	5K
FY 20	$6M	126
FY 21	$8M	112
FY 22	$12M	77
FY 23	$10M	82
FY 24	$12M	70