Salem Media Group Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	212.69	237.56	258.65	266.97	258.25
Revenue Growth (YoY)	-10.47%	-8.15%	-3.11%	3.38%	9.32%
Cost of Revenue	-	-	228.75	219.88	202.74
Gross Profit	212.69	237.56	29.9	47.08	55.51
Selling, General & Admin	219.31	231.7	18.88	18.56	17.48
Amortization of Goodwill & Intangibles	-	-	2.24	1.27	1.9
Operating Expenses	230.27	243.66	32.51	31.17	30.31
Operating Income	-17.58	-6.1	-2.61	15.91	25.2
Interest Expense	-1.51	-14.9	-14.28	-13.06	-15.8
Interest & Investment Income	0.12	0.04	0.06	0.17	0.01
Earnings From Equity Investments	-	-	0	4.07	-
Other Non Operating Income (Expenses)	-1.69	28.68	0.03	-0	0.11
EBT Excluding Unusual Items	-20.66	7.71	-16.8	7.09	9.52
Merger & Restructuring Charges	-4.05	-	-	-	-
Impairment of Goodwill	-	-	-2.58	-0.13	-
Gain (Loss) on Sale of Assets	7.14	5.05	1.3	8.38	23.58
Asset Writedown	-25.21	-4.43	-41.72	-13.99	-
Legal Settlements	-	-	-	-4.78	-
Other Unusual Items	-	0.03	-0.89	-0.2	7.66
Pretax Income	-42.78	8.35	-60.7	-3.63	40.76
Income Tax Expense	-8.17	-7.83	-17.38	-0.39	-0.76
Net Income	-34.61	16.18	-43.31	-3.24	41.51
Net Income to Common	-34.61	16.18	-43.31	-3.24	41.51
Shares Outstanding (Basic)	31	27	27	27	27
Shares Outstanding (Diluted)	31	28	27	27	27
Shares Change (YoY)	11.85%	2.36%	0.04%	-0.33%	2.30%
EPS (Basic)	-1.11	0.59	-1.59	-0.12	1.54
EPS (Diluted)	-1.11	0.58	-1.59	-0.12	1.52
Free Cash Flow	-11.88	-16.45	-13.12	-5.64	11.58
Free Cash Flow Per Share	-0.38	-0.59	-0.48	-0.21	0.42
Gross Margin	100.00%	100.00%	11.56%	17.64%	21.50%
Operating Margin	-8.27%	-2.57%	-1.01%	5.96%	9.76%
Profit Margin	-16.27%	6.81%	-16.74%	-1.21%	16.07%
Free Cash Flow Margin	-5.59%	-6.93%	-5.07%	-2.11%	4.48%
EBITDA	-9.82	3.16	8.33	25.73	35.43
EBITDA Margin	-4.62%	1.33%	3.22%	9.64%	13.72%
D&A For EBITDA	7.76	9.27	10.94	9.81	10.23
EBIT	-17.58	-6.1	-2.61	15.91	25.2
EBIT Margin	-8.26%	-2.57%	-1.01%	5.96%	9.76%
Revenue as Reported	-	-	258.65	266.97	258.25

Source: S&P Global Market Intelligence. Standard template. Financial Sources.