BEASLEY BROADCAST GROUP INC BBGI
We are a multi-platform media company whose primary business is operating radio stations throughout the United States. We offer local and national advertisers integrated marketing solutions across audio, digital and event platforms. We own and operate stations in the following markets: Augusta, GA, Boston, MA, Charlotte, NC, Detroit, MI, Fayetteville, NC, Fort Myers-Naples, FL, Las Vegas, NV, Middlesex, NJ, Monmouth, NJ, Morristown, NJ, Philadelphia, PA, and Tampa-Saint Petersburg, FL. We refer to each group of stations in each market as a market cluster. Beasley Broadcast Group, Inc., a Delaware corporation, was formed in 1999. Unless the context otherwise requires, all references in this report to "the Company," "we," "us" or "our" are to Beasley Broadcast Group, Inc. and its subsidiaries.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $205.9M | $240.3M | $247.1M | $256.4M | $241.4M | $206.1M | $261.6M | $257.5M | $232.2M | $136.7M |
| SG&A | $14.4M | $17.3M | $18.2M | $18.0M | $16.6M | $15.6M | $21.2M | $16.3M | $15.8M | $10.3M |
| Total operating expenses | $435.6M | $227.2M | $329.1M | $290.7M | $226.8M | $210.4M | $223.4M | $223.2M | $171.3M | $74.1M |
| Operating income | -$229.7M | $13.1M | -$82.0M | -$34.3M | $14.7M | -$4.3M | $38.1M | $34.3M | $60.8M | $62.6M |
| Interest expense | $13.2M | $21.2M | $26.6M | $26.9M | $26.5M | $16.9M | $18.0M | $16.0M | $18.4M | $6.6M |
| Pre-tax income | -$241.2M | -$7.3M | -$99.3M | -$59.8M | -$6.7M | -$23.9M | $19.8M | $18.2M | $38.9M | $55.8M |
| Income tax | $44.7M | $1.3M | $24.3M | $17.8M | $5.3M | $5.2M | $6.6M | $11.7M | $48.2M | $8.3M |
| Net income | -$196.5M | -$5.9M | -$75.1M | -$42.1M | -$1.5M | -$18.9M | $13.4M | $6.5M | $87.1M | $47.5M |
| EPS, basic | -109.27 | -3.73 | -50.26 | -1.43 | -0.05 | -0.63 | 0.49 | 0.24 | 3.15 | 2.00 |
| EPS, diluted | -109.27 | -3.73 | -50.26 | -1.43 | -0.05 | -0.63 | 0.48 | 0.24 | 3.14 | 1.98 |
| Shares, diluted (wtd. avg.) | $1.8M | $1.6M | $1.5M | $29.5M | $29.3M | $28.4M | $27.8M | $27.5M | $27.8M | $24.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $9.9M | $13.8M | $26.7M | $39.5M | $51.4M | $20.8M | $18.6M | $13.4M | $13.9M | $20.3M |
| Receivables | $45.5M | $51.6M | $53.4M | $56.7M | $53.4M | $47.4M | $54.6M | $52.4M | $42.7M | $48.2M |
| Total current assets | $60.5M | $69.3M | $86.6M | $105.7M | $112.2M | $77.5M | $79.7M | $70.9M | $84.7M | $103.4M |
| Property, plant and equipment | $43.1M | $47.0M | $51.5M | $55.8M | $49.8M | $53.7M | $53.8M | $57.1M | $59.3M | $59.8M |
| Goodwill | — | $0 | $922.0K | $13.3M | $28.6M | $28.6M | $28.6M | $25.4M | $15.3M | $3.4M |
| Other intangibles | — | — | $1.6M | $6.6M | $21.1M | $24.2M | $27.7M | $1.7M | $550.1K | $535.6K |
| Total assets | $299.3M | $549.2M | $574.3M | $714.9M | $762.1M | $738.6M | $760.1M | $681.1M | $654.7M | $661.7M |
| Accounts payable | $25.8M | $21.0M | $14.3M | $19.3M | $7.0M | $12.4M | $10.3M | $9.6M | $7.8M | $6.1M |
| Short-term debt | $2.8M | $0 | — | — | — | — | $7.5M | — | — | — |
| Total current liabilities | $60.2M | $53.0M | $48.3M | $56.7M | $44.5M | $40.5M | $53.2M | $28.9M | $29.0M | $33.9M |
| Long-term debt | $235.3M | $247.1M | $264.2M | $285.5M | $293.8M | $258.3M | $248.7M | $242.8M | — | — |
| Total liabilities | $348.6M | $402.0M | $425.3M | $491.5M | $499.0M | $471.5M | $475.6M | $406.1M | $368.6M | $459.2M |
| Retained earnings | -$177.4M | $19.2M | $25.0M | $100.2M | $142.2M | $143.3M | $162.4M | $155.4M | $154.4M | $72.4M |
| Total equity | -$49.3M | $147.2M | $149.0M | $223.5M | $263.1M | $267.1M | $284.5M | $275.0M | $286.2M | $202.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$8.5M | -$3.7M | -$4.7M | $11.1M | -$1.9M | $4.2M | $21.0M | $24.4M | $28.0M | $17.2M |
| Depreciation and amortisation | $6.1M | $7.0M | $7.8M | $6.9M | $8.0M | $7.4M | $6.9M | $6.6M | $6.1M | $6.2M |
| Stock-based compensation | $202.8K | $893.3K | $846.4K | $1.1M | $1.4M | $750.7K | $2.1M | $1.9M | $1.7M | $809.4K |
| Capital expenditure | $4.8M | $3.0M | $4.2M | $13.4M | $4.5M | $7.5M | $9.0M | $4.2M | $4.2M | $2.9M |
| Investing cash flow | $5.6M | $4.3M | $6.9M | -$14.2M | -$1.1M | -$3.8M | -$5.0M | -$45.6M | $17.5M | -$89.6M |
| Financing cash flow | -$1.0M | -$13.6M | -$15.0M | -$8.8M | $33.7M | $1.7M | -$10.8M | $20.7M | -$51.9M | $78.5M |
| Dividends paid | — | — | — | — | — | $2.8M | $5.5M | $5.4M | $5.1M | $4.1M |
| Buybacks | $29.5K | $98.7K | $83.9K | $133.9K | $162.9K | $66.0K | $214.7K | $265.1K | $1.1M | $198.2K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-246394.
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