SAGA COMMUNICATIONS INC
SGANasdaqCommunication Services · Radio Broadcasting Stations · FL · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $107.1M | $25.3M | $25.9M | $25.0M | $108.3M | $95.8M |
| Operating income | −$11.0M | −$2.4M | $905,000 | $1.7M | $15.1M | −$1.2M |
| Net income | −$7.9M | $3.5M | $9.5M | $9.2M | $11.2M | −$1.9M |
| Total assets | $201.3M | $221.7M | $232.2M | $240.8M | $247.9M | $246.5M |
| Total liabilities | $49.8M | $55.8M | $61.7M | $62.2M | $51.0M | $55.9M |
| Equity | $151.5M | $165.9M | $170.5M | $178.5M | $196.9M | $190.5M |
| EPS (diluted) | $-1.22 | $0.55 | $1.55 | $0.20 | $1.85 | $-0.32 |
| Shares out. | 6.4M | 6.3M | 6.1M | 5.9M | 5.9M | 5.9M |
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
- −7.4%
- Return on equity
- −5.2%
- Return on assets
- −3.9%
- Return on capital (ROCE)
- −6.0%
- Liabilities / assets
- 24.8%
- Debt / equity
- 0.33×
- Book value / share
- $23.51
- Revenue growth (YoY)
- 323.5%
- Net income growth (YoY)
- −328.3%
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)
- 5.74safe
- Accruals / assets
- −6.6%clean
- Piotroski F-Score
- 5/9mixed
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
● 1 severe● 2 warning● 5 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
- Altman Z″ in the safe zone
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 ↗Apr 1, 2026
- NT 10-Kmissed a reporting deadline ↗Mar 18, 2025
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- Edward K. Christian TrustPassive (13G)May 15, 2026
- Kesselman StanleyPassive (13G)Jan 7, 2026
- Gate City Capital Management, LlcActivist (13D)Mar 27, 2025
- Hoak Public Equities, LpActivist (13D)Dec 26, 2024
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 |
|---|---|---|---|---|
| Edward K. Christian Trust10% owner | Feb 25, 2026 | Sell | 5,665 | $12.07 |
| Bobinski Catherine AOfficer — SVP, CHIEF ACCOUNTING OFFICER | Dec 15, 2025 | Tax withholding | 2,088 | $11.44 |
| Bush Samuel DOfficer — EVP, TREASURER & CFO | Dec 15, 2025 | Tax withholding | 3,216 | $11.44 |
| Forgy ChristopherOfficer — PRESIDENT & CEO | Dec 15, 2025 | Tax withholding | 9,316 | $11.44 |
| Leland WayneOfficer — CHIEF OPERATING OFFICER | Dec 10, 2025 | Grant | 8,054 | $0.00 |
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 | 8,508 | 1.0 | -20.2% |
| Apr 30, 2026 | 10,665 | 1.1 | -15.1% |
| Apr 15, 2026 | 12,568 | 3.9 | +9.2% |
| Mar 31, 2026 | 11,511 | 1.2 | -16.9% |
| Mar 13, 2026 | 13,850 | 1.8 | +44.7% |
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- Other material eventMay 7, 2026
- Results of operationsMay 7, 2026
- Director / officer changeApr 15, 2026
- Results of operationsMar 12, 2026
- Director / officer changeFeb 13, 2026
- Other material eventFeb 12, 2026
- Other material eventDec 15, 2025
- Other material eventNov 13, 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 ↗- SCHEDULE 13G/AMay 15, 2026
- 10-QMay 8, 2026
- 8-KMay 7, 2026
- 8-KMay 7, 2026
- ARSDEFA14AApr 20, 2026
- DEFA14AApr 20, 2026
- DEF 14AApr 20, 2026
- 8-KApr 15, 2026
- 10-KApr 14, 2026
- NT 10-KApr 1, 2026
- 8-KMar 12, 2026
- 4Feb 27, 2026
- 144Feb 25, 2026
- SCHEDULE 13G/AFeb 17, 2026
- 8-KFeb 13, 2026
Event-driven situations (1)
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