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Financials · TSQ

Townsquare Media Inc. (TSQ) financials

For the twelve months ended Sep 30, 2026, Townsquare Media Inc. reported $429.58M of revenue and -$48.19M of net income.

Revenue, TTM
$429.58M
Revenue growth, YoY
-2.1%
Net income, TTM
-$48.19M
Net margin
-11.2%
Free cash flow, TTM
$12.20M
EPS, diluted, TTM
-$2.75
Cash
$4.61M
Total debt
$446.69M
P/S
0.07
Market cap
$31.9M
Annual revenue$427.38M
FY2016FY2025
Annual net income-$11.52M
FY2016FY2025
Annual free cash flow$15.38M
FY2016FY2025

TSQ revenue and earnings growth

TSQ revenueQ3 2026$110.95M

Quarter YoY
+3.9%
QoQ
-3.8%
FY YoY
-5.2%
5Y CAGR
+2.9%
10Y CAGR
-0.3%

TSQ revenue was $110.95M in fiscal Q3 2026 (ended Sep 30, 2026), up 3.9% from a year earlier and down 3.8% from the prior quarter. For the full fiscal 2025 it was $427.38M, down 5.2% from fiscal 2024. Compound annual growth was +2.9% over 5 years and -0.3% over 10 years. It rose in 4 of the last 10 fiscal years.

TSQ net incomeQ3 2026-$4.15M

TSQ net income was -$4.15M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$5.90M a year earlier. For the full fiscal 2025 it was -$11.52M, compared with -$12.70M in fiscal 2024.

TSQ EPSQ3 2026-$0.23

TSQ diluted EPS was -$0.23 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.36 a year earlier. For the full fiscal 2025 it was -$0.71, compared with -$0.81 in fiscal 2024.

TSQ free cash flowQ3 2026$2.26M

Quarter YoY
-47.7%
QoQ
12x
FY YoY
-50.9%
5Y CAGR
-1.4%
10Y CAGR
+3.2%

TSQ free cash flow was $2.26M in fiscal Q3 2026 (ended Sep 30, 2026), down 47.7% from a year earlier and up about 12-fold from the prior quarter. For the full fiscal 2025 it was $15.38M, down 50.9% from fiscal 2024. Compound annual growth was -1.4% over 5 years and +3.2% over 10 years. It rose in 4 of the last 10 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$427.38M$450.98M$454.23M$463.08M$417.96M$371.34M$431.41M$407.87M$389.58M$421.58M
Gross profit$109.10M$124.20M$125.03M-------
Selling, general and admin$21.00M$23.82M$25.02M$24.43M$24.54M$26.89M$28.60M$27.06M$25.83M$25.37M
Operating income$44.20M$21.69M-$19.14M$55.59M$74.48M-$74.97M-$37.13M$17.82M$47.40M$74.50M
Interest expense$47.92M$36.23M$37.25M$39.83M$39.85M$31.42M$33.86M$34.27M$32.76M$34.07M
Pre-tax income-$5.02M-$9.62M-$49.16M$13.83M$29.14M-$104.41M-$72.07M-$17.12M$14.28M$36.96M
Income tax$4.73M$1.31M-$6.14M-$564.0K$10.35M-$23.86M-$14.56M$30.84M-$7.55M$16.13M
Net income-$11.52M-$12.70M-$44.96M$12.34M$16.74M-$82.47M-$67.76M-$98.66M-$13.75M$23.02M
EPS, basic--$0.81-$2.68-----$0.03$1.34$1.14
EPS, diluted-$0.71-$0.81-$2.68$0.68$0.79-$4.46-$3.36-$2.81$0.75$0.76
Diluted shares16.2M15.6M16.8M18.2M21.2M18.6M18.5M18.5M27.9M27.3M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$4.76M$32.99M$61.55M$43.91M$51.00M$83.72M$85.16M$61.40M$61.17M$47.50M
Receivables$52.05M$60.63M$60.78M$61.23M$57.65M$58.63M$67.46M$62.60M$60.29M$59.58M
Current assets$69.39M$105.45M$132.18M$120.69M$120.24M$154.29M$161.37M$153.94M$169.67M$122.63M
Goodwill$147.59M$152.90M$157.27M$161.38M$157.95M$157.95M$157.95M$226.98M$215.82M$251.93M
Total assets$528.62M$580.41M$652.05M$744.52M$726.31M$768.50M$880.40M$936.63M$1.03B$1.08B
Current liabilities$82.23M$76.26M$76.09M$71.71M$75.96M$65.76M$71.56M$63.95M$74.38M$65.15M
Short-term debt$11.75M$0---$0$9.93M$5.0K--
Long-term debt$421.25M$465.76M$499.66M$524.44M$541.52M$543.43M$546.71M$555.33M$555.62M$564.32M
Total debt$433.00M$465.76M$499.66M$524.44M$541.52M$543.43M$556.64M$555.34M$555.62M$564.32M
Total liabilities$569.61M$608.86M$642.14M$675.44M$676.73M$667.75M$697.96M$681.12M$673.10M$690.65M
Shareholders' equity-$40.99M-$28.44M$9.91M$69.08M$49.58M$100.75M$182.44M$255.51M$361.34M$390.05M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$30.60M$48.75M$67.83M$50.19M$61.08M$31.49M$39.99M$34.81M$51.36M$58.37M
Capital expenditures$15.22M$17.44M$14.98M$15.83M$12.42M$14.95M$19.68M$18.11M$15.78M$15.04M
Free cash flow$15.38M$31.31M$52.85M$34.36M$48.66M$16.54M$20.31M$16.70M$35.58M$43.34M
Investing cash flow-$4.46M-$9.93M-$3.57M-$37.76M-$10.64M-$14.04M-$5.88M-$17.27M-$28.82M-$20.96M
Financing cash flow-$54.32M-$67.38M-$46.62M-$19.51M-$83.17M-$18.89M-$10.34M-$18.06M-$7.95M-$19.71M
Dividends paid-------$6.18M$0$0
Share repurchases$0$23.55M$16.64M$225.0K$1.40M$0$400.0K$0$0-
Stock-based compensation$13.78M$17.17M$8.03M$3.80M$3.72M$2.08M$2.59M$1.63M$718.0K$4.25M
Depreciation and amortization$18.41M$19.67M$19.20M$19.04M$19.10M$20.11M$25.84M$19.58M$18.36M$17.05M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-5.2%-0.7%-1.9%10.8%12.6%-13.9%5.8%4.7%-7.6%-4.5%
Net income growth, YoY----26.3%-----134.2%
EPS growth, YoY----13.9%-----1.3%105.4%
Gross margin25.5%27.5%27.5%-------
Operating margin10.3%4.8%-4.2%12.0%17.8%-20.2%-8.6%4.4%12.2%17.7%
Net margin-2.7%-2.8%-9.9%2.7%4.0%-22.2%-15.7%-24.2%-3.5%5.5%
Free cash flow margin3.6%6.9%11.6%7.4%11.6%4.5%4.7%4.1%9.1%10.3%
Return on equity---453.6%17.9%33.8%-81.9%-37.1%-38.6%-3.8%5.9%
Return on assets-2.2%-2.2%-6.9%1.7%2.3%-10.7%-7.7%-10.5%-1.3%2.1%
Current ratio0.841.381.741.681.582.352.252.412.281.88
Debt to equity--50.417.5910.925.393.052.171.541.45

Source: XBRL data Townsquare Media Inc. files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

TSQ peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
TSQ$429.58M-2.1%-$48.19M-11.2%$31.9M
SPOT€17.19B+9.7%€2.21B12.9%$128.36B
SKYD$28.76B--$14.00M-0.0%$43.87B
FOXA$17.96B+9.0%$2.03B11.3%$28.55B
FWONK$4.48B+10.9%$558.00M12.5%$27.09B
FWONA$4.48B+10.9%$558.00M12.5%$25.79B
FOX$17.96B+9.0%$2.03B11.3%$25.52B
TMECN¥32.90B+15.8%CN¥11.06B33.6%$14.76B
SIRI$8.60B+0.5%$900.00M10.5%$10.99B

TSQ FAQ

9 questions
  • What is TSQ revenue?
    Townsquare Media Inc. (TSQ) reported $429.58M of revenue for the twelve months ended Sep 30, 2026. That is down 2.1% from the year before. Revenue for fiscal 2025 was $427.38M.
  • Is TSQ profitable?
    No. Townsquare Media Inc. reported a net loss of $48.19M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does TSQ have?
    Townsquare Media Inc. reported $4.61M in cash and cash equivalents and $446.69M of debt on its most recent balance sheet in SEC filings.
  • How fast is TSQ revenue growing?
    Townsquare Media Inc.'s revenue changed -5.2% in fiscal 2025, to $427.38M. Its compound annual growth rate was +2.9% over 5 years and -0.3% over 10 years.
  • What is TSQ gross margin?
    Townsquare Media Inc.'s gross profit was $106.35M on $429.58M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 24.8%.
  • What is TSQ free cash flow?
    Townsquare Media Inc. generated $12.20M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $25.49M less capital expenditures.
  • What is TSQ earnings per share?
    Diluted earnings per share were -$2.75 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did TSQ last report financial results?
    The latest statements here come from Townsquare Media Inc.'s 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.
  • Where does this TSQ financial data come from?
    Quantisnow builds these statements from the structured XBRL data Townsquare Media Inc. files with the SEC. It is provided for information only and is not investment advice.