Cumulus Media (CMLSQ)
OTHER OTC:CMLSQ
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Cumulus Media
(OTC:CMLSQ)
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Rating:40Underperform
Price Target:
$0.07
▼(-7.50% Downside)
Action:ReiteratedDate:04/18/26
The score is driven primarily by very weak financial performance (losses, negative equity, and negative cash flow) and a highly adverse corporate event (bankruptcy restructuring that cancels existing shares and delists). Valuation provides little support due to negative earnings, and technicals cannot be assessed with the data provided.
Positive Factors
Debt Reduction via Chapter 11 Reorganization
Confirmed prepackaged plan to eliminate roughly $600M of debt is a structural deleveraging step that materially improves long-term solvency and refinancing prospects. If implemented with approvals, reduced interest burden and principal will free cash flow for operations and reinvestment.
Negative Factors
Highly Stressed Balance Sheet
A heavily levered capital structure and negative trailing equity materially limit financial flexibility. High leverage increases refinancing and covenant risk, constrains strategic investments, and may require ongoing creditor concessions until the restructuring fully executes and liquidity is restored.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt Reduction via Chapter 11 Reorganization
Confirmed prepackaged plan to eliminate roughly $600M of debt is a structural deleveraging step that materially improves long-term solvency and refinancing prospects. If implemented with approvals, reduced interest burden and principal will free cash flow for operations and reinvestment.
Read all positive factors
Cumulus Media (CMLSQ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$12.64M
Dividend YieldN/A
Average Volume (3M)29.57K
Price to Earnings (P/E)―
Beta (1Y)3.04
Revenue Growth-6.94%
EPS Growth-92.29%
CountryUS
Employees2,250
SectorCommunication Services
Sector Strength97
IndustryBroadcasting
Share Statistics
EPS (TTM)-7.75
Shares Outstanding17,436,335
10 Day Avg. Volume22,326
30 Day Avg. Volume29,570
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)>-0.01
Price to Sales (P/S)0.00183
P/FCF Ratio-0.03
Enterprise Value/Market Cap60.14
Enterprise Value/Revenue1.03
Enterprise Value/Gross Profit2.14
Enterprise Value/Ebitda-6.80
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)-3.23
Revenue Forecast (FY)$729.30M
Cumulus Media Business Overview & Revenue Model
Company Description
Cumulus Media Inc., an audio-first media company, owns and operates radio stations in the United States. The company owns and operates stations in various markets, as well as affiliated stations through Westwood One. Its content portfolio includes...
How the Company Makes Money
Cumulus primarily makes money by selling advertising and marketing services tied to audio audiences across broadcast radio and digital platforms. The core revenue stream is radio advertising: Cumulus sells local and national spot advertising on it...
Cumulus Media Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
12
Very Negative
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 741.70M | 827.08M | 844.55M | 953.51M | 916.47M |
| Gross Profit | 0.00 | 502.83M | 511.19M | 596.03M | 557.78M |
| EBITDA | -213.37M | 59.20M | 81.83M | 158.40M | 138.13M |
| Net Income | -200.70M | -283.25M | -117.88M | 16.23M | 17.28M |
Balance Sheet | |||||
| Total Assets | 839.50K | 1.12B | 1.44B | 1.61B | 1.72B |
| Cash, Cash Equivalents and Short-Term Investments | 81.98M | 63.84M | 80.66M | 107.43M | 177.03M |
| Total Debt | 842.24M | 794.71M | 813.08M | 862.35M | 988.00M |
| Total Liabilities | 1.13B | 1.11B | 1.15B | 1.20B | 1.30B |
| Stockholders Equity | -191.52M | 6.95M | 286.58M | 408.40M | 419.50M |
Cash Flow | |||||
| Free Cash Flow | -41.57M | -22.58M | 6.85M | 47.42M | 39.43M |
| Operating Cash Flow | -21.34M | -3.12M | 31.66M | 78.48M | 68.52M |
| Investing Cash Flow | -7.86M | -4.23M | -6.82M | -26.24M | -1.54M |
| Financing Cash Flow | 47.34M | -9.47M | -51.61M | -121.84M | -161.71M |
Cumulus Media Technical Analysis
Neutral
0.08
Price Trends
0.09
Negative
0.10
Negative
0.12
Negative
Market Momentum
>-0.01
Negative
48.44
Neutral
46.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CMLSQ, the sentiment is Neutral. The current price of 0.08 is above the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.09, and below the 200-day MA of 0.12, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.44 is Neutral, neither overbought nor oversold. The STOCH value of 46.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CMLSQ.
Cumulus Media Risk Analysis
Cumulus Media disclosed 19 risk factors in its most recent earnings report. Cumulus Media reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Cumulus Media Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
58 Neutral | $74.20M | -8.92 | -4.93% | 8.81% | -0.77% | -93.46% | |
53 Neutral | $573.31M | -1.37 | 27.00% | ― | 1.39% | 61.75% | |
47 Neutral | $67.63M | -0.69 | -84.51% | ― | 83.96% | -73.70% | |
45 Neutral | $34.34M | -0.05 | -5.86% | ― | -7.78% | -369.53% | |
41 Neutral | $23.69M | -0.31 | -119.60% | ― | -13.08% | -69.47% | |
40 Underperform | $12.64M | >-0.01 | -329.89% | ― | -6.94% | -92.29% |
* Communication Services Sector Average
CMLSQ
Cumulus Media
0.08
-0.19
-70.45%
BBGI
Beasley Broadcast Group
17.18
10.79
168.86%
UONE
Urban One
5.70
-7.70
-57.46%
SGA
Saga Communications
11.52
0.95
8.98%
IHRT
iHeartMedia
4.18
3.12
294.34%
MDIA
Mediaco Holding
0.85
-0.30
-26.17%
Cumulus Media Corporate Events
Business Operations and StrategyExecutive/Board ChangesDelistings and Listing ChangesLegal ProceedingsRegulatory Filings and Compliance
Cumulus Media Reorganization Plan Confirmed, Prepares to Privatize
Negative
Apr 17, 2026
On March 4, 2026, Cumulus Media and its subsidiaries filed for Chapter 11 in the Southern District of Texas and have continued operating as debtors-in-possession while pursuing a prepackaged restructuring. On April 15, 2026, the bankruptcy court c...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.