Gray Media financials
$4.51−1.74%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $839.0M | $768.0M | $792.0M | $749.0M | $772.0M | $782.0M | $1.04B | $950.0M | $826.0M | $823.0M | $864.0M | $803.0M |
| Gross profit | $248.0M | $185.0M | $202.0M | $185.0M | $189.0M | $185.0M | $421.0M | $357.0M | $247.0M | $219.0M | $233.0M | $228.0M |
| Gross margin | 29.6% | 24.1% | 25.5% | 24.7% | 24.5% | 23.7% | 40.3% | 37.6% | 29.9% | 26.6% | 27.0% | 28.4% |
| Operating income | $156.0M | $81.0M | $85.0M | $102.0M | $76.0M | $90.0M | $320.0M | $250.0M | $151.0M | $124.0M | $85.0M | $78.0M |
| Net income | $21.0M | -$33.0M | -$23.0M | -$23.0M | -$69.0M | -$22.0M | $156.0M | $83.0M | $9.0M | $75.0M | -$22.0M | -$53.0M |
| Net margin | 2.5% | −4.3% | −2.9% | −3.1% | −8.9% | −2.8% | 14.9% | 8.7% | 1.1% | 9.1% | −2.5% | −6.6% |
| Diluted EPS | $0.21 | $-0.34 | $-0.23 | $-0.24 | $-0.71 | $-0.23 | $1.63 | $0.86 | $0.09 | $0.79 | $-0.24 | $-0.57 |
| EBITDA | $218.0M | $152.0M | $173.0M | $177.0M | $170.0M | $159.0M | $420.0M | $337.0M | $212.0M | $198.0M | $114.0M | $234.0M |
| Operating cash flow | $123.0M | $1.0M | $112.0M | $14.0M | $31.0M | $132.0M | $368.0M | $297.0M | $18.0M | $68.0M | $83.0M | $106.0M |
| Free cash flow | $106.0M | -$18.0M | $69.0M | -$11.0M | $6.0M | $117.0M | $328.0M | $257.0M | -$11.0M | $34.0M | $41.0M | $31.0M |
| Diluted shares | 100.0M | 97.0M | 98.0M | 97.0M | 97.0M | 96.0M | 96.0M | 97.0M | 96.0M | 95.0M | 90.0M | 93.0M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $176.0M | $259.0M | $368.0M | $182.0M | $199.0M | $210.0M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $5.96B | $5.85B | $5.89B | $5.71B | $5.68B | $5.71B |
| Total assets | $10.44B | $10.32B | $10.44B | $10.32B | $10.35B | $10.44B |
| Total liabilities | $7.71B | $7.56B | $7.63B | $7.51B | $7.52B | $7.53B |
| Shareholders' equity | $2.13B | $2.11B | $2.15B | $2.16B | $2.18B | $2.25B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology