URBAN ONE, INC. UONEK
Urban One, Inc., a Delaware corporation, and its subsidiaries (collectively, "Urban One", the "Company", "we", "our" and/or "us") is an urban-oriented, multi-media company that primarily targets African-American and urban consumers. Our core business is our radio broadcasting franchise, which is the largest radio broadcasting operation that primarily targets African-American and urban listeners. As of December 31, 2025, we owned and/or operated 76 independently formatted, revenue producing broadcast stations (including 58 FM or AM stations, 16 HD stations, and the 2 low power television stations we operate), located in 13 of the most populous African-American markets in the United States. While a core source of our revenue has historically been and remains the sale of local and national advertising for broadcast on our radio stations, our strategy is to operate the premier multi-media entertainment and information content platform targeting African-American and urban consumers. Thus, we have diversified our revenue streams by making acquisitions and investments in other complementary media properties. Our diverse media and entertainment interests include TV One, LLC ("TV One"), which operates two cable television networks targeting African-American and urban viewers, TV One and CLEO TV; our approximately 94.6% ownership interest in Reach Media, Inc. ("Reach Media") which operates the Rickey Smiley Morning Show and our other syndicated programming assets, including the Get Up! Mornings with Erica Campbell Show and the DL Hughley Show; and Interactive One, LLC ("Interactive One"), our wholly owned digital platform serving the African-American community through social content, news, information, and entertainment websites, including its iONE Digital, Cassius and Bossip, HipHopWired and MadameNoire digital platforms and brands. Through our national multi-media operations, we provide advertisers with a unique and powerful delivery mechanism to communicate with African-American and urban audiences.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- Cable Television
- Radio Broadcasting
- Digital
- Reach Media
| Segment | FY2025 | FY2024 |
|---|---|---|
| Cable Television | $159.0M | $176.1M |
| Radio Broadcasting | $139.1M | $165.8M |
| Digital | $47.8M | $62.8M |
| Reach Media | $31.1M | $47.3M |
As the company reported it, from the “NET REVENUES - Disaggregation of Revenue (Details)” 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 | $374.4M | $449.7M | $477.7M | $484.6M | $440.3M | $376.3M | $436.9M | $439.1M | $440.0M | $456.2M |
| Cost of revenue | — | — | — | — | — | — | — | $125.4M | $130.4M | $134.0M |
| Gross profit | — | — | — | — | — | — | — | $313.7M | $309.6M | $322.2M |
| SG&A | $209.2M | $230.4M | $173.6M | $160.6M | $142.0M | $109.0M | $152.6M | $149.7M | $148.7M | $147.9M |
| Total operating expenses | $544.5M | $525.3M | $509.3M | $393.5M | $323.8M | $344.7M | $349.8M | $365.5M | $387.3M | $368.1M |
| Operating income | -$170.1M | -$75.6M | -$31.6M | $91.1M | $116.4M | $31.6M | $87.1M | $73.6M | $52.7M | $88.1M |
| Interest expense | $38.8M | $48.6M | $56.2M | $61.8M | $65.7M | $74.5M | $81.4M | $76.7M | $79.4M | $81.6M |
| Pre-tax income | -$162.9M | -$94.0M | $17.6M | $53.1M | $52.1M | -$41.0M | $12.9M | $3.4M | -$10.7M | $10.3M |
| Income tax | $16.0M | $9.8M | $7.9M | $16.4M | $13.0M | $34.5M | $10.9M | $135.2M | $123.2M | $9.6M |
| Net income | -$146.9M | -$104.2M | $4.6M | $34.3M | $36.8M | -$8.1M | $925.0K | $137.4M | $111.9M | -$423.0K |
| EPS, basic | -32.94 | -22.23 | 0.04 | 0.70 | 0.73 | -0.18 | — | — | 2.37 | -0.01 |
| EPS, diluted | -32.94 | -22.23 | 0.04 | 0.66 | 0.68 | -0.18 | — | 2.94 | 2.25 | -0.01 |
| Shares, diluted (wtd. avg.) | 4.5M | 4.7M | 50.2M | 52.2M | 54.1M | 45.0M | 47.9M | 48.0M | 49.6M | 47.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $25.5M | $137.1M | $233.6M | $101.9M | $158.7M | $73.9M | $33.5M | $15.9M | $37.8M | $46.8M |
| Receivables | $88.7M | $113.8M | $133.2M | $142.0M | $104.1M | $94.9M | $106.1M | $110.4M | $111.6M | $104.4M |
| Total current assets | $164.5M | $305.4M | $422.0M | $295.4M | $278.6M | $202.9M | $186.0M | $173.2M | $199.7M | $199.7M |
| Property, plant and equipment | $33.4M | $27.8M | $28.7M | $28.3M | $26.3M | $19.2M | $24.4M | $26.1M | $25.2M | $24.9M |
| Goodwill | $132.4M | $196.4M | $216.6M | $216.6M | $223.4M | $223.4M | $239.8M | $245.6M | $262.9M | $4.6M |
| Other intangibles | — | $30.9M | $49.1M | $55.2M | $47.9M | — | — | — | — | — |
| Total assets | $593.0M | $944.8M | $1.21B | $1.34B | $1.30B | $1.22B | $1.25B | $1.24B | $1.32B | $1.36B |
| Accounts payable | $14.0M | $19.9M | $20.0M | $17.2M | $14.6M | $11.2M | $5.9M | $7.3M | $8.1M | $7.6M |
| Short-term debt | $10.0M | $0 | $0 | $0 | $0 | $23.4M | $25.9M | $38.7M | $3.5M | $3.5M |
| Total current liabilities | $78.3M | $114.3M | $132.6M | $132.8M | $99.3M | $78.3M | $101.0M | $111.3M | $80.8M | $92.5M |
| Long-term debt | $429.7M | $579.1M | $716.2M | $739.0M | $818.6M | $818.9M | $850.3M | $873.8M | $967.2M | $1.00B |
| Total liabilities | $565.8M | $765.9M | $920.6M | $982.0M | $999.8M | $961.8M | $1.06B | $1.05B | $1.26B | $1.42B |
| Retained earnings | -$985.6M | -$838.8M | -$733.4M | -$736.0M | -$789.5M | -$807.1M | -$796.8M | -$803.5M | -$941.0M | -$1.05B |
| Total equity | $24.6M | $170.9M | $274.1M | $330.8M | $303.6M | $241.7M | $183.1M | $175.1M | $42.7M | -$71.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4.2M | $37.5M | $64.6M | $66.5M | $80.2M | $73.9M | $58.5M | $50.2M | $28.3M | $48.2M |
| Depreciation and amortisation | $18.1M | $7.7M | $7.1M | $10.0M | $9.3M | $9.7M | $17.0M | $33.2M | $34.0M | $34.2M |
| Stock-based compensation | $1.9M | $5.7M | $10.0M | $9.9M | $565.0K | $2.3M | $4.8M | $4.7M | $4.6M | $3.4M |
| Capital expenditure | $10.1M | $7.2M | $7.7M | $6.8M | $6.3M | $3.8M | $5.1M | $4.4M | $7.4M | $5.2M |
| Investing cash flow | -$10.3M | -$1.6M | $95.4M | -$28.7M | $1.7M | -$3.4M | $8.4M | $3.2M | $12.6M | -$42.2M |
| Financing cash flow | -$105.1M | -$131.8M | -$28.3M | -$94.7M | -$3.5M | -$30.1M | -$49.2M | -$75.3M | -$49.8M | -$26.7M |
| Buybacks | $2.8M | $8.1M | $1.6M | $26.5M | $970.0K | $3.6M | $5.5M | $8.2M | $5.0M | $3.6M |
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 0001041657-26-000030.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $456.2M | $440.0M | $439.1M | $436.9M | $376.3M | $440.3M | $484.6M | $477.7M | $449.7M | $374.4M |
| Gross profit | $322.2M | $309.6M | $313.7M | — | — | — | — | — | — | — |
| Net income | -$423.0K | $111.9M | $137.4M | $925.0K | -$8.1M | $36.8M | $34.3M | $4.6M | -$104.2M | -$146.9M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- 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
- 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
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Other event Item 8.01
- Other event Item 8.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Other event Item 8.01
- 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
- Other event Item 8.01
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.
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| TSQ | Townsquare Media, Inc. | $68.2M | — | -5.2% |
| SGA | SAGA COMMUNICATIONS INC | $52.1M | — | -5.1% |
| BBGI | BEASLEY BROADCAST GROUP INC | $13.8M | — | -14.3% |
| SPOT | Spotify Technology S.A. | — | — | — |
| TME | Tencent Music Entertainment Group | — | — | — |