SAGA COMMUNICATIONS INC SGA
We are a media company whose business provides radio, digital, e-commerce, on-line news and non-traditional revenue initiatives. We provide services to national, regional and local advertisers to help them meet their growing advertising needs. As of February 28, 2026, we owned eighty-two FM, thirty AM radio stations and seventy-nine metro signals serving twenty-eight markets. Our principal executive offices are located at 73 Kercheval, Grosse Pointe Farms, Michigan 48236. We are a Florida corporation, reorganized in 2020. We were originally organized as a Delaware corporation in 1986.
Our strategy is to operate top billing radio stations in mid-sized markets while providing advertisers with integrated marketing solutions that combine the reach and audience engagement of broadcast radio with complementary digital advertising services. We believe the trust we have established, the strong local presence, the established advertiser relationships and experienced sales organizations position us to help businesses reach consumers across multiple media channels as they search for, evaluate and select products and services.
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 | $107.1M | $112.9M | $115.5M | $114.9M | $108.3M | $95.8M | $123.1M | $124.8M | $118.1M | $119.0M |
| SG&A | $12.3M | $12.4M | $11.0M | $14.3M | $10.0M | $11.6M | $11.5M | $11.4M | $11.7M | $11.0M |
| Total operating expenses | $118.2M | $110.6M | $104.0M | $101.8M | $93.3M | $97.1M | $104.3M | $105.1M | $100.9M | $96.4M |
| Operating income | -$11.0M | $2.4M | $11.5M | $13.1M | $15.1M | -$1.2M | $18.8M | $19.7M | $17.2M | $22.5M |
| Interest expense | $434.0K | $348.0K | $173.0K | $130.0K | $284.0K | $340.0K | $735.0K | $946.0K | $903.0K | $744.0K |
| Pre-tax income | -$10.5M | $4.6M | $12.9M | $14.0M | $15.4M | -$1.2M | $18.7M | $19.4M | $16.3M | $21.8M |
| Income tax | $2.6M | $1.1M | $3.4M | $4.8M | $4.3M | $705.0K | $5.4M | $5.7M | $5.9M | $8.9M |
| Net income | -$7.9M | $3.5M | $9.5M | $9.2M | $11.2M | -$1.9M | $13.3M | $13.7M | $54.7M | $18.2M |
| EPS, basic | -1.22 | 0.55 | 1.55 | 1.52 | 1.85 | -0.32 | 2.23 | 2.30 | 9.27 | 3.10 |
| EPS, diluted | -1.22 | 0.55 | 1.55 | 1.52 | 1.85 | -0.32 | 2.23 | 2.30 | 9.27 | 3.09 |
| Shares, diluted (wtd. avg.) | $6.2M | $6.1M | $6.0M | $6.0M | $5.9M | $5.9M | $5.8M | $5.8M | $5.8M | $5.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $22.5M | $18.9M | $29.6M | $36.8M | $54.8M | $51.4M | $44.0M | $44.7M | $53.0M | $26.7M |
| Short-term investments | $9.3M | $8.9M | $10.6M | $10.1M | — | — | — | — | — | — |
| Receivables | $14.0M | $15.9M | $17.2M | $17.4M | $16.3M | $15.7M | $19.0M | $20.0M | $19.3M | $17.7M |
| Total current assets | $49.2M | $47.1M | $60.6M | $67.9M | $74.4M | $71.0M | $66.7M | $68.6M | $76.2M | $52.8M |
| Property, plant and equipment | $46.4M | $51.9M | $51.4M | $53.2M | $53.3M | $54.9M | $58.7M | $59.1M | $56.2M | $49.2M |
| Goodwill | $19.2M | $19.2M | $19.2M | $19.2M | $19.2M | $19.1M | $19.0M | $18.8M | $15.6M | $7.4M |
| Other intangibles | $754.0K | $1.1M | $346.0K | $371.0K | $409.0K | $796.0K | $1.6M | $2.7M | $2.7M | $1.6M |
| Total assets | $201.3M | $221.7M | $232.2M | $240.8M | $247.9M | $246.5M | $252.4M | $248.5M | $248.8M | $220.0M |
| Accounts payable | $2.9M | $3.1M | $2.8M | $2.7M | $2.3M | $2.2M | $2.1M | $2.6M | $2.2M | $1.6M |
| Short-term debt | — | — | — | — | — | — | $0 | $5.0M | $0 | $0 |
| Total current liabilities | $16.2M | $16.6M | $28.0M | $29.4M | $19.2M | $13.9M | $17.5M | $23.2M | $20.9M | $16.0M |
| Long-term debt | $5.0M | $5.0M | $0 | $0 | $0 | $10.0M | $10.0M | $15.0M | $25.0M | $35.3M |
| Total liabilities | $49.8M | $55.8M | $61.7M | $62.2M | $51.0M | $55.9M | $60.0M | $63.5M | $69.3M | $85.0M |
| Retained earnings | $113.9M | $128.2M | $134.8M | $143.9M | $164.2M | $159.0M | $162.8M | $156.7M | $151.6M | $108.7M |
| Total equity | $151.5M | $165.9M | $170.5M | $178.5M | $196.9M | $190.5M | $192.4M | $185.0M | $179.5M | $135.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $5.5M | $13.8M | $15.4M | $17.1M | $19.1M | $12.1M | $25.3M | $25.6M | $5.4M | $29.3M |
| Depreciation and amortisation | $5.2M | $5.3M | $5.1M | $5.2M | $5.7M | $6.5M | $6.9M | $6.8M | $6.3M | $5.9M |
| Capital expenditure | $3.0M | $3.8M | $4.4M | $6.0M | $4.0M | $2.3M | $5.7M | $5.9M | $6.2M | $4.0M |
| Investing cash flow | $7.1M | -$6.7M | -$2.5M | -$15.0M | -$3.3M | -$604.0K | -$6.2M | -$14.9M | $37.5M | -$15.9M |
| Financing cash flow | -$9.0M | -$17.8M | -$20.1M | -$20.1M | -$12.3M | -$4.2M | -$19.8M | -$19.0M | -$16.5M | -$8.4M |
| Dividends paid | $6.4M | $22.5M | $19.9M | $19.8M | $960.0K | $3.7M | $8.6M | $11.9M | $5.3M | $7.6M |
| Buybacks | $2.5M | $290.0K | $227.0K | $147.0K | $435.0K | $449.0K | $1.2M | $2.0M | $946.0K | $746.0K |
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 0001140361-26-015641.
Others in SIC 4832
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|---|---|---|---|---|
| SIRI | SIRIUS XM HOLDINGS INC. | $9.77B | 13.0x | -1.6% |
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| TSQ | Townsquare Media, Inc. | $100.1M | — | -5.2% |
| MDIA | Mediaco Holding Inc. | $94.1M | — | 39.5% |
| BBGI | BEASLEY BROADCAST GROUP INC | $31.5M | — | -14.3% |
| UONE | URBAN ONE, INC. | $21.1M | — | -16.7% |
| SPOT | Spotify Technology S.A. | — | — | — |
| TME | Tencent Music Entertainment Group | — | — | — |