Cumulus Media Inc (CMLSQ) Stock Price & Analysis
Cumulus Media Inc (CMLSQ) closed at USD 0.01 on Friday, October 16, 2026, up 10.00% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 0.01; the Oct 16, 2026 session ranged USD 0.01–0.01 on volume of 200 shares. Market capitalization is $194,348, with a 52-week range of USD 0–0.15 (PNK). Source: Nexqual, retrieved October 23, 2026 at 17:49 UTC.
Also available as compact Markdown for AI agents: nexqual.com/CMLSQ.md
Key facts (CMLSQ)
- Last four reported quarters (through Jun 30, 2026): revenue $701M, net income -$182M (-25.9% margin), free cash flow -$43.0M (SEC filings).
- Analysts: None.
- Total return with dividends: 1Y +175.0% vs S&P 500 +14.4%; 5Y +175.0% vs S&P 500 +77.1%.
- Next earnings: 2026-08-06, EPS estimate USD —, revenue estimate $0K.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (CMLSQ)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $916M | $954M | $845M | $827M | $742M | $701M |
| Operating income | $69.1M | $79.8M | -$41.3M | -$240M | -$138M | -$151M |
| Net income | $17.3M | $16.2M | -$118M | -$283M | -$201M | -$182M |
| EPS (diluted) | $0.83 | $0.81 | -$6.83 | -$16.79 | -$11.55 | — |
| Free cash flow | $39.4M | $47.4M | $6.8M | -$22.6M | -$41.6M | -$43.0M |
| Operating margin | 7.5% | 8.4% | -4.9% | -29.0% | -18.6% | -21.6% |
| Net margin | 1.9% | 1.7% | -14.0% | -34.2% | -27.1% | -25.9% |
| Revenue growth | +12.3% | +4.0% | -11.4% | -2.1% | -10.3% | — |
| Cash + short-term investments | $177M | $63.8M | $80.7M | $63.8M | $82.0M | — |
| Total debt | $799M | $714M | $672M | $669M | $719M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (CMLSQ)
P/S 0.0x · EV/Sales -0.1x · FCF yield -22131.95% · Earnings yield -93433.43% · Net cash $59.1M · EV -$58.9M
Analysts (CMLSQ)
Consensus None.
Total return (dividends reinvested) (CMLSQ)
| 1Y (from 2026-07-17) | 5Y (from 2026-07-13) | |
|---|---|---|
| Total return | +175.0% | +175.0% |
| S&P 500 (SPY) | +14.4% | +77.1% |
| Per year | — | — |
| Volatility (annualized) | 450.6% | 209.4% |
| Max drawdown | -60.0% (Jul 2026→Aug 2026) | -50.0% (Sep 2026→Sep 2026) |
CMLSQ revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Total broadcast radio revenue | $102.9M | 61.3% | -13.2% |
| Spot | $81.4M | 48.5% | -10.6% |
| Digital | $38.7M | 23.1% | -0.3% |
| Other | $26.3M | 15.7% | -8.4% |
| Network | $21.4M | 12.8% | -21.5% |
| Trade and Barter Transactions | $17.8M | 10.6% | -8.2% |
| Total revenue | $167.9M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
CMLSQ suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Katz Media Group | “Advertising sales to national spot advertisers for our radio stations are made by Katz on the national level, in exchange for a commission that is based on the revenue from the advertising generated.” |
| Competitor | Meta Platforms (META) | “They also compete for advertising dollars with other large companies such as Facebook, Google, and Amazon.” |
| Competitor | Alphabet (Google) (GOOGL) | “They also compete for advertising dollars with other large companies such as Facebook, Google, and Amazon.” |
| Competitor | Amazon (AMZN) | “They also compete for advertising dollars with other large companies such as Facebook, Google, and Amazon.” |
| Competitor | Spotify (SPOT) | “•audio programming by internet content providers, internet radio stations such as Spotify and Pandora, cable systems, direct broadcast satellite systems and other digital audio broadcast formats;” |
Quoted from the company's 10-K filed Apr 10, 2026.
CMLSQ company outlook (results filed Aug 14, 2026)
- “Cumulus Media assumes no responsibility to update any forward-looking statements, which are based upon expectations as of the date hereof, as a result of new information, future events or otherwise.”
Quoted word-for-word from the SEC 8-K results press release.
CMLSQ analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter | — | — | — | $0 | — |
| Next quarter (ends Mar 2026) | — | — | — | $0 | — |
| Current fiscal year (ends Dec 2025) | — | — | — | $0 | — |
| Next fiscal year | — | — | — | $0 | — |
Key Statistics (as of October 23, 2026 at 17:49 UTC)
| Price | USD 0.01 |
|---|---|
| Change | ▲ 10.00% (up) |
| Previous Close | USD 0.01 |
| Open | USD 0.01 |
| Day Range | USD 0.01 – 0.01 |
| 52-Week Range | USD 0 – 0.15 |
| Volume | 200 shares |
| Market Cap | $194,348 |
| Exchange | PNK |
Technical Analysis (CMLSQ)
Nexqual's technical model rates CMLSQ "BUY" based on 5 bullish and 1 bearish signals across 65 daily candles, as of October 23, 2026 at 17:49 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 64.7 (neutral) |
| vs SMA50 | Above (USD 0.01) |
| MACD | 0 (positive) |
Analyst Ratings (CMLSQ)
Wall Street analysts rate CMLSQ "None", per Nexqual as of October 23, 2026 at 17:49 UTC.
| Consensus Rating | None |
|---|
Earnings (CMLSQ)
| Next Earnings Date | 2026-08-06 |
|---|
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2025-09-30 | USD -1.07 vs est -0.8 ▼ miss |
| 2025-06-30 | USD -0.6 vs est -0.7 ▲ beat |
| 2025-03-31 | USD -1.74 vs est -1.25 ▼ miss |
| 2024-12-31 | USD -0.44 vs est -0.58 ▲ beat |
Source: Nexqual, October 23, 2026 at 17:49 UTC.
Financials & Fundamentals (CMLSQ)
| Total Revenue | $700.68M |
|---|---|
| Revenue Growth (latest quarter, YoY) | -9.70% |
| Gross Margin | +63.73% |
| Operating Margin | +1.66% |
| Profit Margin | -25.92% |
| Current Ratio | 3.65 |
| Total Cash | $56.89M |
| Total Debt | $801.11M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$43.01M (-6.1% of revenue) |
Source: Nexqual, October 23, 2026 at 17:49 UTC.
Financial Health Score (CMLSQ)
Nexqual rates Cumulus Media Inc's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 17:49 UTC.
| Growth | Weak — Revenue -2% YoY (annual), declining |
|---|---|
| Profitability | Strong — Gross margin 64%, operating 2% (last 12 months) |
| Balance Sheet | Mixed — $61M cash and investments vs $2M debt (Jun 2026, SEC), net cash |
| Cash Flow | Weak — FCF negative: -$43M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Mixed — No data |
Ownership (CMLSQ)
| Insider Ownership | +9.35% |
|---|---|
| Institutional Ownership | +9.77% |
| Shares Outstanding | 17.44M |
| Float | 15.16M |
| Short % of Float | +1.00% |
Source: Nexqual, October 23, 2026 at 17:49 UTC.
Leadership (CMLSQ)
Cumulus Media Inc is led by Mary G. Berner, President, CEO & Director, per Nexqual as of October 23, 2026 at 17:49 UTC.
| President, CEO & Director | Mary G. Berner |
|---|---|
| Executive VP, CFO & Treasurer | Francisco J. Lopez-Balboa |
| Executive VP of Corporate Strategy & Development and President of Westwood One | Collin Jones |
| President of Operations | Dave Milner |
| President of Operations | Robert J Walker |
From Cumulus Media Inc's Latest SEC 10-K Filing (filed 2026-04-10)
Key Strengths & Strategy (as disclosed to the SEC)
- As one of the largest radio advertising and content providers in the U.S., we provide a national platform which allows us to more effectively and efficiently compete for national and network advertising dollars.
- Our exclusive radio broadcast partnerships with the NFL, NCAA, and US Soccer allow us to provide advertisers with national reach and the ability to create compelling campaigns from a local to a national level across broadcast, digital and live event offerings.
Legal & Regulatory Risks (Item 1A, quoted)
- We must also comply with the extensive FCC regulations and policies on the ownership and operation of our radio stations. FCC regulations limit the number of radio stations that a licensee can own in a market, which could restrict our ability to acquire radio stations that could be material to our overall financial performance or our financial performance in a particular market.
- The FCC at times has been vigorous in its enforcement of its rules and regulations, including its indecency, sponsorship identification and Emergency Alert System ("EAS") rules, violations of which could have a material adverse effect on our business.
- The Company is subject to many rules and regulations that govern the operations of its radio stations, and these rules may change from time to time.
- The Company is currently subject to, and may become subject to new, FCC inquiries or proceedings related to our stations' broadcasts or operations.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| GTN-A | Gray Media, Inc. | USD 6.05 | ▲ 0.17% |
| SBGI | Sinclair, Inc. | USD 12.57 | ▼ 1.84% |
| NMAX | Newsmax, Inc. | USD 7.9 | ▼ 3.3% |
| NXST | Nexstar Media Group, Inc. | USD 167.83 | ▼ 0.55% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 17:49 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt