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
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- Audio
- Digital
| Segment | FY2025 | FY2024 |
|---|---|---|
| Audio | $156.5M | $193.6M |
| Digital | $49.5M | $46.7M |
As the company reported it, from the “Segment Information - Summary of Reportable Segment Information (Detail)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $136.7M | $232.2M | $257.5M | $261.6M | $206.1M | $241.4M | $256.4M | $247.1M | $240.3M | $205.9M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $47.5M | $87.1M | $6.5M | $13.4M | -$18.9M | -$1.5M | -$42.1M | -$75.1M | -$5.9M | -$196.5M |
Recent filings and events
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Other event Item 8.01
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Change of control Control of the company has changed hands. Item 5.01
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 4832
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|---|---|---|---|---|
| SIRI | SIRIUS XM HOLDINGS INC. | $9.31B | 12.4x | -1.6% |
| IHRT | iHeartMedia, Inc. | $294.9M | — | 0.3% |
| MDIA | Mediaco Holding Inc. | $90.8M | — | 39.5% |
| TSQ | Townsquare Media, Inc. | $68.2M | — | -5.2% |
| SGA | SAGA COMMUNICATIONS INC | $52.1M | — | -5.1% |
| UONEK | URBAN ONE, INC. | $16.6M | — | -16.7% |
| SPOT | Spotify Technology S.A. | — | — | — |
| TME | Tencent Music Entertainment Group | — | — | — |