Townsquare Media, Inc.
TSQNYSECommunication Services · Radio Broadcasting Stations · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $427.4M | $451.0M | $454.2M | $463.1M | $418.0M | $371.3M |
| Operating income | $44.2M | $21.7M | −$19.1M | $55.6M | $74.5M | −$75.0M |
| Net income | −$11.5M | −$12.7M | −$45.0M | $12.3M | $16.7M | −$82.5M |
| Total assets | $528.6M | $580.4M | $652.0M | $744.5M | $726.3M | $768.5M |
| Total liabilities | $569.6M | $608.9M | $642.1M | $675.4M | $676.7M | $667.7M |
| Equity | −$41.0M | −$28.4M | $9.9M | $69.1M | $49.6M | $100.8M |
| EPS (diluted) | — | $-0.81 | $-2.68 | — | — | — |
| Shares out. | 16.2M | 16.7M | 16.8M | 18.2M | 21.2M | 18.6M |
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
- 10.3%
- Net margin
- −2.7%
- Return on equity
- 28.1%
- Return on assets
- −2.2%
- Return on capital (ROCE)
- 9.9%
- Liabilities / assets
- 107.8%
- Debt / equity
- —
- Book value / share
- $-2.53
- Revenue growth (YoY)
- −5.2%
- 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)
- -1.85distress
- Accruals / assets
- −8.0%clean
- Piotroski F-Score
- 6/9mixed
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 ScoreOur 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● 3 warning● 4 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Operating margin is positive
- Strong return on equity (>15%)
- Positive operating cash flow
- 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- NT 10-Kmissed a reporting deadline ↗Mar 16, 2020
- NT 10-Qmissed a reporting deadline ↗Aug 12, 2019
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- Msd Capital, L.P.Passive (13G)May 15, 2026
- Beck Mack & Oliver LlcPassive (13G)May 12, 2026
- Capital Management Corp /VaPassive (13G)Apr 2, 2026
- Blackrock, Inc.Passive (13G)Apr 25, 2025
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.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Worshek Robert L.Officer — SVP, Chief Accounting Officer | May 27, 2026 | Grant | 34,299 | $6.56 |
| Yenicay Claire MarieOfficer — EVP, Inv Rel and Corp Comm | May 18, 2026 | Grant | 53,151 | $6.03 |
| Schatz ScottOfficer — EVP, Finance Op and Tech | May 4, 2026 | Buy | 943 | $6.51 |
| Schatz ScottOfficer — EVP, Finance Op and Tech | Mar 20, 2026 | Sell | 21,090 | $5.02 |
| Schatz ScottOfficer — EVP, Finance Op and Tech | Mar 18, 2026 | Grant | 84,906 | $5.83 |
| Hellum ErikOfficer — COO | Feb 18, 2026 | Sell | 20,106 | $6.58 |
| Schatz ScottOfficer — EVP, Finance Op and Tech | Feb 2, 2026 | Buy | 980 | $6.61 |
| Hellum ErikOfficer — COO | Jan 16, 2026 | Sell | 7,437 | $5.54 |
| Hellum ErikOfficer — COO | Jan 14, 2026 | Grant | 92,421 | $5.41 |
| Rosenstein Stuart BOfficer — EVP and CFO | Jan 14, 2026 | Grant | 110,906 | $5.41 |
| Wilson BillOfficer — Chief Executive Officer | Jan 14, 2026 | Grant | 231,054 | $5.41 |
| Way Gary DDirector | Jan 14, 2026 | Grant | 24,030 | $5.41 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 312,610 | 4.1 | -34.5% |
| Apr 30, 2026 | 477,171 | 4.8 | -19.6% |
| Apr 15, 2026 | 593,604 | 4.3 | -14.7% |
| Mar 31, 2026 | 695,910 | 2.4 | +6.7% |
| Mar 13, 2026 | 652,527 | 5.4 | -3.1% |
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- Shareholder voteMay 12, 2026
- Results of operationsMay 11, 2026
- Results of operationsMar 16, 2026
- Results of operationsNov 10, 2025
- Results of operationsAug 6, 2025
- Results of operationsMay 8, 2025
- Shareholder voteMay 6, 2025
- Results of operationsMar 17, 2025
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 ↗- 4FORM 4May 29, 2026
- 144May 28, 2026
- 4FORM 4May 20, 2026
- 144May 20, 2026
- 144May 19, 2026
- 144May 18, 2026
- SCHEDULE 13G/AMay 15, 2026
- SCHEDULE 13G/AMay 12, 2026
- 8-KMay 12, 2026
- 10-QMay 11, 2026
- 8-KMay 11, 2026
- 4FORM 4May 6, 2026
- SCHEDULE 13GApr 2, 2026
- DEFA14AMar 27, 2026
- DEF 14AMar 27, 2026
Event-driven situations (1)
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