Salem Media Group, Inc. (SALM)

Salem Media Group Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	0.13	2.41	-	0.28	-	1.79
Cash & Short-Term Investments	0.13	2.41	-	0.28	-	1.79
Cash Growth	-97.73%	-	-	-	-	-71.78%
Accounts Receivable	21.55	23.43	30.44	33.19	33.65	29.07
Other Receivables	4.32	4.02	2.15	2.96	2.01	1.38
Receivables	25.87	27.46	32.6	36.15	35.66	30.45
Inventory	-	-	-	-	1.51	0.96
Prepaid Expenses	5.37	4.37	5.97	5.64	7.62	6.77
Other Current Assets	-	-	68.11	4.73	0.27	1.55
Total Current Assets	31.37	34.24	106.67	46.81	45.06	41.51
Property, Plant & Equipment	87.96	96.82	104.72	119.27	125.03	123
Long-Term Investments	1	1.4	-	-	-	-
Goodwill	23.34	23.34	22.12	22.58	24.09	23.99
Other Intangible Assets	148.38	154.81	183.88	260.76	305.92	322.45
Long-Term Deferred Charges	-	0.64	0.74	1.17	0.68	0.84
Other Long-Term Assets	4.53	4.29	4.98	3.99	3.42	4.04
Total Assets	296.58	315.53	423.11	455.54	505.12	516.11

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	22.63	21.63	23.82	32.53	34.33	2.66
Accrued Expenses	-	0.1	0.1	0.98	0.95	26.09
Short-Term Debt	-	-	72	-	-	-
Current Portion of Long-Term Debt	-	-	24.62	16.83	8.96	-
Current Portion of Leases	8.17	8.2	9.72	8.69	8.35	8.71
Current Income Taxes Payable	-	-	0.11	-	-	1.54
Current Unearned Revenue	-	0.11	0.11	0.1	0.12	0.17
Other Current Liabilities	11.29	13.15	13.36	12.64	11.9	12.28
Total Current Liabilities	42.08	43.2	143.84	71.77	64.61	51.46
Long-Term Debt	4.3	10.56	5.25	152.96	150.37	170.58
Long-Term Leases	34.91	37.5	38.72	42.03	42.45	42.27
Long-Term Unearned Revenue	-	3.38	3.48	3.57	3.66	3.77
Long-Term Deferred Tax Liabilities	27.6	30.23	41	49.35	66.73	67.01
Other Long-Term Liabilities	16.28	13	1.85	3.35	1.95	2.81
Total Liabilities	125.18	137.85	234.13	323.03	329.77	337.9

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.34	0.34	0.3	0.3	0.29	0.29
Additional Paid-In Capital	314.98	314.53	289.57	249.28	248.82	248.44
Retained Earnings	-109	-102.39	-66.88	-83.06	-39.75	-36.51
Treasury Stock	-34.04	-34.01	-34.01	-34.01	-34.01	-34.01
Comprehensive Income & Other	-0.89	-0.8	-	-	-	-
Shareholders' Equity	171.4	177.68	188.99	132.51	175.36	178.21
Total Liabilities & Equity	296.58	315.53	423.11	455.54	505.12	516.11

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	47.38	56.26	150.3	220.52	210.12	221.56
Net Cash (Debt)	-47.25	-53.84	-150.3	-220.23	-210.12	-219.78
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.49	-1.73	-5.39	-8.09	-7.72	-8.05
Filing Date Shares Outstanding	31.76	31.76	27.22	27.22	27.22	27.16
Total Common Shares Outstanding	31.76	31.76	27.22	27.22	27.22	27.16
Working Capital	-10.71	-8.95	-37.17	-24.97	-19.55	-9.94
Book Value Per Share	5.40	5.59	6.94	4.87	6.44	6.56
Tangible Book Value	-0.32	-0.46	-17.01	-150.83	-154.65	-168.23
Tangible Book Value Per Share	-0.01	-0.01	-0.63	-5.54	-5.68	-6.19
Land	22.21	23.06	23.19	25.34	27.07	26.9
Buildings	7.08	14.17	14.77	21.97	28.52	28.59
Machinery	130.27	135.69	140.67	147.86	146.01	145.42
Construction In Progress	5.12	4.75	5.73	7.82	9.89	8.1
Leasehold Improvements	19.72	19.65	20.49	19.55	19.13	18.1

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 19, 2026

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