📊 CMLSQ Key Takeaways
Investment Thesis
Cumulus Media exhibits severe financial distress with negative stockholders equity of -$56.9M, indicating the company is technically insolvent. The company is burning cash with negative operating cash flow of -$8.2M and negative free cash flow of -$23.6M, while carrying $697.1M in long-term debt that cannot be serviced given negative operating income of -$15.4M and an interest coverage ratio of -0.5x. Revenue is declining and the company is unprofitable with an -11.8% net margin, presenting an existential solvency risk.
CMLSQ Strengths
- Current ratio of 1.74x provides near-term liquidity cushion
- Cash position of $90.4M offers temporary runway for operations
- Radio broadcasting represents established industry with known business model
CMLSQ Risks
- Negative stockholders equity of -$56.9M indicates technical insolvency and equity value destruction
- Negative free cash flow of -$23.6M and negative operating cash flow unsustainable long-term
- Debt-to-asset ratio of 63% with $697.1M long-term debt cannot be serviced given -$15.4M operating income and -0.5x interest coverage
- Declining revenue (-2.1% YoY) in structurally challenged radio broadcasting industry
- Negative net income of -$65.6M and deteriorating EPS trend (-145.8% YoY) signal operational deterioration
- Zero insider buying activity suggests management has lost confidence in turnaround prospects
Key Metrics to Watch
- Operating cash flow trend - critical to assess ongoing viability and debt service capacity
- Debt refinancing and covenant compliance - company must restructure or face default within 12-24 months
- Revenue stabilization - need evidence of revenue inflection before considering thesis change
- Stockholders equity - path back to positive equity is essential for long-term survival
CMLSQ Financial Metrics
💡 AI Analyst Insight
CUMULUS MEDIA INC presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
CMLSQ Profitability Ratios
CMLSQ vs Default Sector
How CUMULUS MEDIA INC compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
CMLSQ Balance Sheet & Liquidity
CMLSQ 5-Year Financial Trend
5-Year Trend Summary: CUMULUS MEDIA INC's revenue has declined by 24% over the 5-year period, indicating business contraction. The most recent EPS of $-6.83 indicates the company is currently unprofitable.
CMLSQ Growth Metrics (YoY)
CMLSQ Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $180.3M | -$10.3M | $-0.61 |
| Q2 2025 | $186.0M | -$12.8M | $-0.74 |
| Q1 2025 | $187.3M | -$14.2M | $-0.85 |
| Q3 2024 | $203.6M | -$1.1M | $0.16 |
| Q2 2024 | $204.8M | -$1.1M | $-0.06 |
| Q1 2024 | $200.1M | -$14.2M | $-0.85 |
| Q3 2023 | $207.4M | -$905.0K | $0.16 |
| Q2 2023 | $210.1M | -$905.0K | $-0.06 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
CMLSQ Capital Allocation
CMLSQ SEC Filings
Access official SEC EDGAR filings for CUMULUS MEDIA INC (CIK: 0001058623)
📋 Recent SEC Filings
❓ Frequently Asked Questions about CMLSQ
What is the AI rating for CMLSQ?
CUMULUS MEDIA INC (CMLSQ) has an AI rating of STRONG SELL with 92% confidence, based on fundamental analysis of SEC EDGAR filings.
What are CMLSQ's key strengths?
Current ratio of 1.74x provides near-term liquidity cushion. Cash position of $90.4M offers temporary runway for operations.
What are the risks of investing in CMLSQ?
Negative stockholders equity of -$56.9M indicates technical insolvency and equity value destruction. Negative free cash flow of -$23.6M and negative operating cash flow unsustainable long-term.
What is CMLSQ's revenue and growth?
CUMULUS MEDIA INC reported revenue of $553.6M.
Does CMLSQ pay dividends?
CUMULUS MEDIA INC does not currently pay dividends.
Where can I find CMLSQ SEC filings?
Official SEC filings for CUMULUS MEDIA INC (CIK: 0001058623) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is CMLSQ's EPS?
CUMULUS MEDIA INC has a diluted EPS of $-3.78.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.