Townsquare Media, Inc. (TSQ) Income Statement
TSQ 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTSQ revenue and net income
Where TSQ's revenue goes
2025Each bar shows an amount and its share of revenue. TSQ kept −2.7% of revenue as net income.
TSQ profit margins
TSQ growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −5.2% | −2.6% | +2.9% | −0.3% |
| Gross profit | −27.0% | −13.1% | +0.4% | −3.0% |
| Operating income | +157.8% | +0.2% | — | −4.1% |
| Net income | — | — | — | — |
| EPS (diluted) | −75.9% | −44.4% | — | −17.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TSQ quarterly EPS vs estimates
Townsquare Media beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.13).
TSQ income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $427.4M | $451.0M | $454.2M | $463.1M | $418.0M | $371.3M | $431.4M | $430.6M | $507.4M | $516.9M |
| Cost of revenue | $336.7M | $326.8M | $329.2M | $324.9M | $288.3M | $282.3M | $300.4M | $306.9M | $384.4M | $384.7M |
| Gross profit | $90.7M | $124.2M | $125.0M | $138.1M | $129.7M | $89.0M | $131.0M | $123.7M | $123.0M | $132.2M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $13.8M | $17.2M | $33.1M | $3.8M | $28.3M | $2.1M | $2.6M | $1.6M | $748,000 | $29.6M |
| Total operating expenses | $34.8M | $102.5M | $144.2M | $82.6M | $47.4M | $164.0M | $168.1M | $47.8M | $52.3M | $53.6M |
| Operating income | $55.9M | $21.7M | −$19.1M | $55.6M | $74.5M | −$75.0M | −$37.1M | $40.4M | $11.1M | $77.4M |
| Interest income | $46.9M | $651,000 | $1.7M | $37.9M | $39.8M | $549,000 | $32.4M | $32.6M | $32.8M | $34.1M |
| Interest expense | $47.9M | $36.9M | $39.0M | $39.8M | $39.8M | $32.0M | $35.0M | $34.3M | $32.8M | $32.1M |
| Income before taxes | −$5.0M | −$9.6M | −$49.2M | $13.8M | $29.1M | −$104.4M | −$72.1M | $1.1M | −$21.9M | $40.3M |
| Income taxes | $4.7M | $1.3M | −$6.1M | −$564,000 | $10.4M | −$23.9M | −$14.6M | $1.6M | −$13.0M | $17.0M |
| Net income | −$11.5M | −$12.7M | −$45.0M | $12.3M | $16.7M | −$82.5M | −$67.8M | −$32.9M | −$11.2M | $23.1M |
| EBITDA | $62.8M | $49.7M | $11.8M | $75.3M | $101.9M | −$52.9M | −$12.7M | $35.4M | $68.5M | $97.9M |
| EPS (diluted) | $0.27 | $1.12 | $0.58 | $1.57 | $1.40 | −$0.16 | $1.55 | $0.89 | $0.69 | $0.80 |
| Gross margin | 21.2% | 27.5% | 27.5% | 29.8% | 31.0% | 24.0% | 30.4% | 28.7% | 24.2% | 25.6% |
| Operating margin | 13.1% | 4.8% | −4.2% | 12.0% | 17.8% | −20.2% | −8.6% | 9.4% | 2.2% | 15.0% |
| Net margin | −2.7% | −2.8% | −9.9% | 2.7% | 4.0% | −22.2% | −15.7% | −7.6% | −2.2% | 4.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $115.4M | $96.8M | $106.5M | $106.8M | $115.4M | $98.7M | $117.8M | $115.3M | $118.2M | $99.6M | $114.8M | $115.1M |
| Cost of revenue | $84.5M | $80.3M | $80.9M | $83.4M | $82.8M | $75.8M | $80.6M | $83.8M | $85.5M | $76.9M | $83.9M | $81.3M |
| Gross profit | $30.8M | $16.5M | $25.6M | $23.4M | $32.6M | $22.9M | $37.2M | $31.5M | $32.7M | $22.7M | $30.9M | $33.8M |
| Sales, general & admin | $3.3M | $3.7M | $2.7M | $3.1M | $3.8M | $4.2M | $3.1M | $2.9M | $16.6M | $8.1M | $7.9M | $2.4M |
| Total operating expenses | $43.1M | $8.6M | $11.6M | $9.1M | $11.6M | $15.7M | $15.9M | $16.4M | $54.1M | $16.1M | $38.8M | $44.4M |
| Operating income | −$12.3M | $8.0M | $14.0M | $14.3M | $21.1M | $7.1M | $21.3M | $15.1M | −$21.4M | $6.6M | −$7.9M | −$10.7M |
| Interest income | — | — | $12.2M | $12.4M | $12.4M | $9.9M | $2,000 | $21,000 | $203,000 | $424,000 | $485,000 | $436,000 |
| Interest expense | $11.4M | $11.3M | $11.1M | $12.6M | $12.7M | $10.2M | $8.8M | $9.2M | $9.4M | $9.5M | $9.5M | $9.8M |
| Income before taxes | −$23.8M | −$12.7M | −$2.2M | −$6.6M | $8.3M | −$4.5M | $12.4M | $6.2M | −$30.0M | $1.8M | −$17.4M | −$19.0M |
| Income taxes | $18.0M | −$15.7M | $2.5M | −$1.1M | $6.3M | −$3.0M | −$12.6M | −$5.1M | $18.8M | $207,000 | −$15.5M | $17.5M |
| Net income | −$42.0M | $2.8M | −$5.2M | −$5.9M | $1.6M | −$2.0M | $24.6M | $10.8M | −$49.2M | $1.1M | −$2.3M | −$37.0M |
| EBITDA | −$7.9M | $3.3M | $14.0M | $11.1M | $24.3M | $9.3M | $26.7M | $21.0M | −$14.9M | $15.7M | −$3.7M | −$3.9M |
| EPS (diluted) | $0.21 | −$0.16 | $0.05 | $0.05 | $0.22 | −$0.05 | $0.60 | $0.35 | $0.14 | $0.03 | −$0.14 | $0.46 |
| Gross margin | 26.7% | 17.1% | 24.1% | 21.9% | 28.3% | 23.2% | 31.6% | 27.3% | 27.7% | 22.8% | 26.9% | 29.3% |
| Operating margin | −10.7% | 8.2% | 13.2% | 13.4% | 18.2% | 7.2% | 18.1% | 13.1% | −18.1% | 6.7% | −6.9% | −9.3% |
| Net margin | −36.4% | 2.9% | −4.9% | −5.5% | 1.4% | −2.0% | 20.8% | 9.4% | −41.7% | 1.1% | −2.0% | −32.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TSQ's financial statements (latest annual report filed March 16, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TSQ financial results
In fiscal year 2025 (ended December 31, 2025), Townsquare Media reported revenue of $427.4 million, down 5.2% from the year before. It had a net loss of $11.5 million, a net profit margin of −2.7%. Diluted earnings per share came to $0.27. Over five years revenue grew at an average rate of 2.9% a year.
See the TSQ stock overview for the latest quote and news, or the TSQ chart for price history and technical indicators.
TSQ income statement FAQ
What is Townsquare Media's annual revenue?
Townsquare Media reported total revenue of $427.4 million for fiscal year 2025, which ended on December 31, 2025. That was down 5.2% from $451.0 million the previous year.
Is Townsquare Media profitable?
No. Townsquare Media reported a net loss of $11.5 million in fiscal 2025, a net profit margin of −2.7%; its operating margin was 13.1%.
What is Townsquare Media's gross margin?
Townsquare Media's gross margin was 21.2% in fiscal 2025: for every $100 of revenue, Townsquare Media kept $21 after the direct cost of its products and services.
How fast is Townsquare Media growing?
Revenue grew 2.9% a year on average over the last five fiscal years, from $371.3 million to $427.4 million.
What are Townsquare Media's earnings per share?
Townsquare Media earned $0.27 per diluted share in fiscal 2025, compared with $1.12 a year earlier.
When will Townsquare Media report its next earnings?
Townsquare Media is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 before the market opens.
When does Townsquare Media's fiscal year end?
Townsquare Media's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 16, 2026.