CMLS Stock Financial Analysis - Cumulus Media Inc. (OTCPK) Stock

Overview

Cumulus Media Inc., headquartered in the United States, operates as a multi-faceted audio media company. Primarily engaged in the broadcasting industry, Cumulus owns and operates numerous radio stations across various U.S. markets, making it one of the largest terrestrial radio companies in the country. In addition to traditional broadcasting, the company has expanded into digital channels, including podcasting and streaming services, aligning with contemporary media consumption trends. Key projects include the enhancement of its digital platform "CUMULUS MEDIA | Westwood One Podcast Network", which serves as a significant growth area for the company by offering a wide range of on-demand content to attract diverse audience demographics and generate additional revenue streams. The company emphasizes innovative content delivery and strategic market presence to maintain and expand its listener base and advertising efficacy.

Quality, Value, Momentum Scores

This card shows the Quality, Value, and Momentum scores for the company

Quality

The QualityScore is a proprietary scoring model that identifies high quality companies, based on cash generating efficiencies.

Value

Proprietary scoring model that ranks companies based on their relative valuation. Scores range from 0 to 100, with 100 being the most undervalued.

Momentum

Proprietary scoring model that ranks companies on their six-month momentum.

Fund Sentiment

The Fund Sentiment (fka Ownership) score is a proprietary quantitative model that ranks companies based on levels of ownership accumulation.

QVM

The QVM Score is a proprietary scoring model that combines Quality, Value, and Momentum into a single metric that ranks companies from 0 to 100.

Income Statement: Revenue, Operating Income, Net Income

The revenue for Cumulus Media Inc. as of June 30, 2025 is 795.54 MM.
The operating income for Cumulus Media Inc. as of June 30, 2025 is 11.16 MM.
The net income for Cumulus Media Inc. as of June 30, 2025 is -286.59 MM.

Period End (TTM)	Revenue (MM)	Operating Income (MM)	Net Income (MM)
2025-06-30	795.54	11.16	-286.59
2025-03-31	814.37	-3.89	-301.47
2024-12-31	827.08	0.07	-283.25
2024-09-30	829.80	-4.41	-150.24
2024-06-30	833.62	-0.27	-137.20
2024-03-31	838.91	20.99	-110.57
2023-12-31	844.55	23.65	-117.88
2023-09-30	874.52	45.13	-19.87
2023-06-30	900.56	64.71	-14.05
2023-03-31	927.17	80.36	-4.33
2022-12-31	953.51	102.01	16.23
2022-09-30	954.54	104.01	33.93
2022-06-30	958.79	103.34	52.84
2022-03-31	946.77	89.36	38.29
2021-12-31	916.47	66.10	17.28
2021-09-30	910.06	63.38	-0.61
2021-06-30	868.73	38.45	-43.86
2021-03-31	790.03	1.39	-74.28
2020-12-31	816.22	21.67	-59.72
2020-09-30	855.79	31.77	-57.85

Income Statement: EPS

The earnings per share basic for Cumulus Media Inc. as of June 30, 2025 is -16.72.
The earnings per share diluted for Cumulus Media Inc. as of June 30, 2025 is -16.73.

Period End (TTM)	Earnings Per Share Basic	Earnings Per Share Diluted
2025-06-30	-16.72	-16.73
2025-03-31	-17.73	-17.73
2024-12-31	-16.79	-16.79
2024-09-30	-8.97	-8.97
2024-06-30	-8.25	-8.25
2024-03-31	-6.55	-6.56
2023-12-31	-6.83	-6.83
2023-09-30	-1.12	-1.13
2023-06-30	-0.77	-0.77
2023-03-31	-0.23	-0.23
2022-12-31	0.83	0.81
2022-09-30	1.69	1.65
2022-06-30	2.58	2.51
2022-03-31	1.86	1.83
2021-12-31	0.84	0.83
2021-09-30	-0.03	-0.03
2021-06-30	-2.15	-2.15
2021-03-31	-3.65	-3.65
2020-12-31	-2.94	-2.94
2020-09-30	-2.85	-2.86

Cash Flow: Operations, Investing, Financing

The cash from operating activities for Cumulus Media Inc. as of June 30, 2025 is 13.41 MM.
The cash from investing activities for Cumulus Media Inc. as of June 30, 2025 is -17.15 MM.
The cash from financing activities for Cumulus Media Inc. as of June 30, 2025 is 46.99 MM.

Period End (TTM)	Cash From Operating Activities (MM)	Cash From Investing Activities (MM)	Cash From Financing Activities (MM)
2025-06-30	13.41	-17.15	46.99
2025-03-31	9.16	-16.02	-8.78
2024-12-31	-3.12	-4.23	-9.47
2024-09-30	-16.86	-4.59	-9.21
2024-06-30	-27.58	1.90	-13.25
2024-03-31	-8.10	-0.01	-42.43
2023-12-31	31.66	-6.82	-51.61
2023-09-30	52.35	-14.65	-73.05
2023-06-30	83.14	-24.67	-74.74
2023-03-31	77.82	-22.29	-117.74
2022-12-31	78.48	-26.24	-121.84
2022-09-30	89.81	-21.71	-102.87
2022-06-30	78.35	1.65	-96.29
2022-03-31	66.89	-2.67	-176.93
2021-12-31	68.52	-1.54	-161.71
2021-09-30	5.19	0.96	-206.96
2021-06-30	1.91	-19.53	-54.32
2021-03-31	34.94	52.58	99.17
2020-12-31	33.21	64.36	157.19
2020-09-30	82.44	57.24	204.89

Valuation Metrics : PE, PriceToBook, PriceToTBV

The p/book for Cumulus Media Inc. as of June 30, 2025 is -0.16.
The p/tbv for Cumulus Media Inc. as of June 30, 2025 is -0.01.

P/Book: The current closing price divided by the book value per share.

P/TBV: The current price divided by the tangible book value per share.

Period End (TTM)	p/e	P/Book	P/TBV
2025-06-30		-0.16	-0.01
2025-03-31	-0.03	1.15	-0.01
2024-12-31		0.05	-0.02
2024-09-30	-0.17	0.09	-0.04
2024-06-30	-0.31	0.12	-0.06
2024-03-31		0.19	-0.10
2023-12-31	-4.43	0.23	-0.17
2023-09-30	-5.97	0.22	-0.16
2023-06-30	-16.46	0.18	-0.13
2023-03-31	4.17	0.17
2022-12-31		0.28	-0.22
2022-09-30		0.33	-0.25
2022-06-30		0.38	-0.30
2022-03-31	11.96	0.49	-0.38
2021-12-31	-374.03	0.57	-0.40
2021-09-30	-5.75	0.68	-0.43
2021-06-30
2021-03-31	-3.99	0.79	-0.50
2020-12-31	-4.95	0.74	-0.52
2020-09-30	-5.10	0.74	-0.51

Valuation Metrics : EBitToEv, EBit3YrAvgToEv

The ebit/ev for Cumulus Media Inc. as of June 30, 2025 is -0.50.
The ebit (3y)/ev for Cumulus Media Inc. as of June 30, 2025 is -0.24.

Period End (TTM)	EBIT/EV	EBIT (3y)/EV
2025-06-30	-0.50	-0.24
2025-03-31	-0.48	-0.21
2024-12-31	-0.21	-0.11
2024-09-30	-0.19	-0.05
2024-06-30	-0.15	-0.02
2024-03-31	-0.16	-0.03
2023-12-31	-0.04	0.01
2023-09-30	-0.02	-0.00
2023-06-30	0.01	0.01
2023-03-31	0.03	-0.02
2022-12-31	0.06	-0.02
2022-09-30	0.08	-0.01
2022-06-30	0.06	-0.02
2022-03-31	0.02	-0.00
2021-12-31	-0.00	0.00
2021-09-30	-0.06	-0.01
2021-06-30
2021-03-31	-0.10	0.19
2020-12-31	-0.08	0.19
2020-09-30	-0.08	0.07

Management Effectiveness

The roa for Cumulus Media Inc. as of June 30, 2025 is -0.22.
The roe for Cumulus Media Inc. as of June 30, 2025 is -1.23.
The roic for Cumulus Media Inc. as of June 30, 2025 is -0.39.
The croic for Cumulus Media Inc. as of June 30, 2025 is -0.02.
The ocroic for Cumulus Media Inc. as of June 30, 2025 is 0.01.

Period End (TTM)	ROA	ROE	ROIC	CROIC	OCROIC
2025-06-30	-0.22	-1.23	-0.39	-0.02	0.01
2025-03-31	-0.20	-1.04	-0.35	-0.02	-0.00
2024-12-31	-0.10	-0.52	-0.15	-0.03	-0.02
2024-09-30	-0.09	-0.36	-0.13	-0.04	-0.03
2024-06-30	-0.07	-0.29	-0.10	-0.05	-0.01
2024-03-31	-0.07	-0.29	-0.11	-0.02	0.03
2023-12-31	-0.01	-0.05	-0.02	-0.03	0.04
2023-09-30	-0.01	-0.03	-0.01	-0.01	0.07
2023-06-30	-0.00	-0.01	-0.01	-0.01	0.07
2023-03-31	0.01	0.04	-0.00	-0.05	0.06
2022-12-31	0.02	0.08	0.03	-0.03	0.07
2022-09-30	0.03	0.13	0.03	-0.03	0.07
2022-06-30	0.02	0.10	0.04	-0.01	0.06
2022-03-31	0.01	0.05	0.03	-0.08	0.05
2021-12-31	-0.00	-0.00	0.01	-0.07	0.00
2021-09-30	-0.02	-0.11	-0.00	-0.15	0.00
2021-06-30	-0.03	-0.11	-0.03	-0.05	0.00
2021-03-31	-0.04	-0.17	-0.05	0.12	0.02
2020-12-31	-0.03	-0.13	-0.04	0.17	0.02
2020-09-30	-0.03	-0.13	-0.04	0.22	0.05

Gross Margins

The gross margin for Cumulus Media Inc. as of June 30, 2025 is 0.61.
The net margin for Cumulus Media Inc. as of June 30, 2025 is -0.37.
The operating margin for Cumulus Media Inc. as of June 30, 2025 is -0.00.

Gross Margin: The Gross Margin is the ratio of revenue left after substracting the Cost of Goods Sold. It is calculated as 1.0 - (Revenue - COGS ) / Revenue.

Net Margin: The Net Margin (aka Profit Margin) is the ratio of revenue left after substracting the Net Income. It is calculated as Net Income / Revenue.

Operating Margin: The Operaing Margin is the ratio of revenue left after substracting the Operating Income. It is calculated as Operating Income / Revenue.

Period End (TTM)	Gross Margin	Net Margin	Operating Margin
2025-06-30	0.61	-0.37	-0.00
2025-03-31	0.61	-0.34	0.00
2024-12-31	0.60	-0.18	-0.01
2024-09-30	0.60	-0.16	-0.00
2024-06-30	0.61	-0.13	0.03
2024-03-31	0.61	-0.14	0.03
2023-12-31	0.61	-0.02	0.05
2023-09-30	0.62	-0.02	0.07
2023-06-30	0.62	-0.02	0.07
2023-03-31	0.63	-0.00	0.09
2022-12-31	0.63	0.04	0.11
2022-09-30	0.62	0.04	0.11
2022-06-30	0.62	0.06	0.11
2022-03-31	0.61	0.04	0.09
2021-12-31	0.60	0.02	0.07
2021-09-30	0.59	-0.00	0.07
2021-06-30	0.59	-0.05	0.04
2021-03-31	0.57	-0.09	0.00
2020-12-31	0.58	-0.07	0.03
2020-09-30	0.59	-0.07	0.04