CMLS · As filed with the SEC

Cumulus Media balance sheet, by fiscal year

The statement as Cumulus Media presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.

CONSOLIDATED BALANCE SHEETS · USD thousands

USD thousands	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022
Assets
Current assets:
Cash and cash equivalents	81,979	63,836	80,660	107,433
Accounts receivable, less allowance for doubtful accounts of $4,097 and $4,540 at December 31, 2025 and 2024, respectively	134,136	161,986	180,706	210,254
Trade receivable	7,251	2,854	1,495	2,044
Prepaid expenses and other current assets	19,481	19,375	24,036	25,540
Total current assets	242,847	248,051	286,897	345,271
Property and equipment, net	120,765	161,271	180,596	190,107
Operating lease right-of-use assets	102,387	102,183	118,646	135,236
Broadcast licenses	407,908	518,165	741,716	807,544
Other intangible assets, net	59,782	76,957	95,913	115,751
Deferred income tax assets	—	—	0	5,972
Other assets	7,271	12,022	16,533	9,150
Total assets	940,960	1,118,649	1,440,301	1,609,031
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable and accrued expenses	104,133	105,025	114,072	114,826
Current portion of operating lease liabilities	27,456	26,323	27,515	27,970
Trade payable	2,480	2,430	2,152	2,812
Current portion of debt	23,870	—	—	—
Total current liabilities	157,939	133,778	143,739	145,608
Term loan due 2026, net of debt issuance costs of $1,223 and $1,785 at December 31, 2023 and 2022, respectively	—	—	328,287	336,667
6.75% senior notes, net of debt issuance costs of $2,108 and $3,138 at December 31, 2023 and 2022, respectively	—	—	344,137	377,789
Term Loan Due 2026	—	—	328,300	336,700
Long-term debt	694,808	669,041	—	—
Operating lease liabilities	96,104	99,343	113,141	119,925
Financing liabilities, net	—	—	205,890	212,993
Financing liabilities, net	176,194	199,691	—	—
Other liabilities	7,436	7,520	6,200	6,991
Deferred income tax liabilities	0	2,325	12,325	653
Total liabilities	1,132,481	1,111,698	1,153,719	1,200,626
Stockholders' equity:
Class A Common Stock	0	0	0	0
Class B Common Stock	0	0	0	0
Treasury stock, at cost, 5,815,111 and 5,481,216 shares at December 31, 2025 and 2024, respectively	(47,107)	(46,833)	(45,747)	(36,533)
Additional paid-in-capital	360,945	358,441	353,732	348,462
Accumulated deficit	(505,359)	(304,657)	(21,403)	96,476
Total stockholders' (deficit) equity	(191,521)	6,951	286,582	408,405
Total liabilities and stockholders' (deficit) equity	940,960	1,118,649	1,440,301	1,609,031

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.