Event-Driven Stocks

CUMULUS MEDIA INC

CMLS

Communication Services · Radio Broadcasting Stations · DE · SEC filings ↗ · Compare ⊕

View price & chart on Yahoo Finance ↗
Signs● 2 good● 5 warning● 3 severedetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22FY21FY20
Revenue$741.7M$827.1M$844.5M$953.5M$916.5M$816.2M
Operating income−$138.1M−$239.7M−$41.3M$79.8M$69.1M−$10.6M
Net income−$200.7M−$283.3M−$117.9M$16.2M$17.3M−$59.7M
Total assets$941.0M$1.12B$1.44B$1.61B$1.72B$1.86B
Total liabilities$1.13B$1.11B$1.15B$1.20B$1.30B$1.46B
Equity−$191.5M$7.0M$286.6M$408.4M$419.5M$397.6M
EPS (diluted)$-11.55$-16.79$-6.83$0.81$0.83$-2.94
Shares out.17.4M17.0M16.5M18.2M20.5M20.4M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
−18.6%
Net margin
−27.1%
Return on equity
104.8%
Return on assets
−21.3%
Return on capital (ROCE)
−17.6%
Liabilities / assets
120.4%
Debt / equity
—
Book value / share
$-10.98
Revenue growth (YoY)
−10.3%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Altman Z″ (distress)
-2.32distress
Accruals / assets
−19.1%clean
Piotroski F-Score
4/9mixed

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
36
/ 100
Profitability 20Growth 0Catalyst 67Earnings quality 67Financial strength 25

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 3 severe● 5 warning● 2 good
  • Negative shareholder equity
  • Altman Z″ in the distress zone
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Operating losses (negative operating margin)
  • Reported a net loss
  • Revenue declined year-over-year
  • High leverage (liabilities > 70% of assets)
  • Negative operating cash flow
  • Strong return on equity (>15%)
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
Feb 27, 2026117,6342.7+0.4%
Feb 13, 2026117,1891.4-15.6%
Jan 30, 2026138,7631.7+50.4%
Jan 15, 202692,2461.0+4.2%
Dec 31, 202588,5411.0-9.1%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (4)