BBGI
BBGI
Beasley Broadcast Group, Inc.Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $50.98M ▼ | $3.9M ▼ | $-3.56M ▼ | -6.98% ▼ | $-1.97 ▼ | $885.34K ▼ |
| Q2-2025 | $53M ▲ | $50.11M ▲ | $-154.18K ▲ | -0.29% ▲ | $-0.09 ▲ | $5.08M ▲ |
| Q1-2025 | $48.91M ▼ | $4.02M ▼ | $-2.69M ▼ | -5.5% ▼ | $-1.5 ▼ | $749.23K ▼ |
| Q4-2024 | $67.29M ▲ | $59.7M ▲ | $-2.06M ▲ | -3.06% ▲ | $-1.17 ▲ | $3.63M ▲ |
| Q3-2024 | $58.19M | $56.95M | $-3.56M | -6.12% | $-2.33 | $2.95M |
What's going well?
The company managed to get a tax benefit this quarter, which slightly cushioned the loss. Share count is stable, so dilution isn't a problem for shareholders.
What's concerning?
Revenue is falling, costs are high, and the company swung from a small loss to a much larger one. Interest expenses are heavy, and margins have collapsed, raising concerns about ongoing profitability.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $14.34M ▲ | $534.57M ▼ | $393.55M ▼ | $141.02M ▼ |
| Q2-2025 | $13.72M ▲ | $548.04M ▲ | $403.51M ▲ | $144.52M ▼ |
| Q1-2025 | $12.24M ▼ | $539.26M ▼ | $394.64M ▼ | $144.62M ▼ |
| Q4-2024 | $13.77M ▼ | $549.21M ▼ | $401.99M ▼ | $147.22M ▲ |
| Q3-2024 | $27.8M | $571.48M | $425.65M | $145.83M |
What's financially strong about this company?
Most assets are tangible and high-quality, with almost no goodwill risk. Debt is being paid down, and customers are paying faster, which helps cash flow.
What are the financial risks or weaknesses?
Debt is high compared to equity, and cash is limited, so there's not much cushion if business slows down. Equity and total assets both declined this quarter.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-3.56M ▼ | $-4.89M ▼ | $5.51M ▲ | $0 ▲ | $613.08K ▼ | $0 ▼ |
| Q2-2025 | $-154.18K ▲ | $3.05M ▲ | $-573.17K ▼ | $-992.94K ▼ | $1.49M ▲ | $2.48M ▲ |
| Q1-2025 | $-2.69M ▼ | $-3.47M ▼ | $1.95M ▲ | $-9.11K ▲ | $-1.54M ▲ | $-4.27M ▼ |
| Q4-2024 | $-2.06M ▲ | $-1.47M ▲ | $922.34K ▲ | $-13.48M ▼ | $-14.03M ▼ | $-1.86M ▲ |
| Q3-2024 | $-3.56M | $-4.8M | $-642.19K | $-52.65K | $-5.49M | $-5.44M |
What's strong about this company's cash flow?
The company still has $14.3 million in cash and is not relying on outside financing. A one-time gain from investing activities boosted cash this quarter.
What are the cash flow concerns?
Operations are now burning cash after being positive last quarter, and free cash flow has disappeared. If this continues, the company may need to raise money or cut spending.
Revenue by Products
| Product | Q4-2024 | Q1-2025 | Q2-2025 | Q3-2025 |
|---|---|---|---|---|
Audio Advertising | $60.00M ▲ | $40.00M ▼ | $40.00M ▲ | $40.00M ▲ |
Digital Advertising | $10.00M ▲ | $10.00M ▲ | $10.00M ▲ | $10.00M ▲ |
Q3 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Beasley Broadcast Group, Inc.'s financial evolution and strategic trajectory over the past five years.
The company’s main strengths are a relatively resilient revenue base, improving operating performance in the most recent year, and a meaningful presence in multiple local markets with established brands and advertiser relationships. There has been some absolute reduction in debt, and digital revenue is becoming a more important and higher‑margin part of the business. Its willingness to adapt—through digital advertising offerings, enhanced in‑car experiences, and integrated marketing solutions—shows strategic awareness of how the industry is changing.
Key risks include a long history of net losses, persistent negative free cash flow, and a balance sheet that has weakened over time, with lower cash, higher leverage relative to equity, and thinner liquidity. The company operates in a structurally challenged industry facing ongoing shifts in audience behavior and advertiser preferences toward digital platforms with strong data capabilities. High debt levels and limited financial flexibility heighten the impact of any downturn in advertising demand or execution missteps in its digital strategy.
The outlook hinges on whether Beasley can translate its local strengths and digital initiatives into consistent profitability and positive cash flow before financial pressures become too acute. The recent rebound in operating performance is a constructive sign, but it comes after several difficult years and against a backdrop of declining asset base and tighter liquidity. If the company can continue growing higher‑margin digital revenue, manage costs, and gradually reduce leverage, its position could stabilize; if not, the combination of industry headwinds and financial strain will keep its future path uncertain.
About Beasley Broadcast Group, Inc.
https://www.bbgi.comBeasley Broadcast Group, Inc., a multi-platform media company, owns and operates radio stations in the United States. It also operates Houston Outlaws, an esports team that competes in the Overwatch League. The company was founded in 1961 and is headquartered in Naples, Florida.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $50.98M ▼ | $3.9M ▼ | $-3.56M ▼ | -6.98% ▼ | $-1.97 ▼ | $885.34K ▼ |
| Q2-2025 | $53M ▲ | $50.11M ▲ | $-154.18K ▲ | -0.29% ▲ | $-0.09 ▲ | $5.08M ▲ |
| Q1-2025 | $48.91M ▼ | $4.02M ▼ | $-2.69M ▼ | -5.5% ▼ | $-1.5 ▼ | $749.23K ▼ |
| Q4-2024 | $67.29M ▲ | $59.7M ▲ | $-2.06M ▲ | -3.06% ▲ | $-1.17 ▲ | $3.63M ▲ |
| Q3-2024 | $58.19M | $56.95M | $-3.56M | -6.12% | $-2.33 | $2.95M |
What's going well?
The company managed to get a tax benefit this quarter, which slightly cushioned the loss. Share count is stable, so dilution isn't a problem for shareholders.
What's concerning?
Revenue is falling, costs are high, and the company swung from a small loss to a much larger one. Interest expenses are heavy, and margins have collapsed, raising concerns about ongoing profitability.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $14.34M ▲ | $534.57M ▼ | $393.55M ▼ | $141.02M ▼ |
| Q2-2025 | $13.72M ▲ | $548.04M ▲ | $403.51M ▲ | $144.52M ▼ |
| Q1-2025 | $12.24M ▼ | $539.26M ▼ | $394.64M ▼ | $144.62M ▼ |
| Q4-2024 | $13.77M ▼ | $549.21M ▼ | $401.99M ▼ | $147.22M ▲ |
| Q3-2024 | $27.8M | $571.48M | $425.65M | $145.83M |
What's financially strong about this company?
Most assets are tangible and high-quality, with almost no goodwill risk. Debt is being paid down, and customers are paying faster, which helps cash flow.
What are the financial risks or weaknesses?
Debt is high compared to equity, and cash is limited, so there's not much cushion if business slows down. Equity and total assets both declined this quarter.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-3.56M ▼ | $-4.89M ▼ | $5.51M ▲ | $0 ▲ | $613.08K ▼ | $0 ▼ |
| Q2-2025 | $-154.18K ▲ | $3.05M ▲ | $-573.17K ▼ | $-992.94K ▼ | $1.49M ▲ | $2.48M ▲ |
| Q1-2025 | $-2.69M ▼ | $-3.47M ▼ | $1.95M ▲ | $-9.11K ▲ | $-1.54M ▲ | $-4.27M ▼ |
| Q4-2024 | $-2.06M ▲ | $-1.47M ▲ | $922.34K ▲ | $-13.48M ▼ | $-14.03M ▼ | $-1.86M ▲ |
| Q3-2024 | $-3.56M | $-4.8M | $-642.19K | $-52.65K | $-5.49M | $-5.44M |
What's strong about this company's cash flow?
The company still has $14.3 million in cash and is not relying on outside financing. A one-time gain from investing activities boosted cash this quarter.
What are the cash flow concerns?
Operations are now burning cash after being positive last quarter, and free cash flow has disappeared. If this continues, the company may need to raise money or cut spending.
Revenue by Products
| Product | Q4-2024 | Q1-2025 | Q2-2025 | Q3-2025 |
|---|---|---|---|---|
Audio Advertising | $60.00M ▲ | $40.00M ▼ | $40.00M ▲ | $40.00M ▲ |
Digital Advertising | $10.00M ▲ | $10.00M ▲ | $10.00M ▲ | $10.00M ▲ |
Q3 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Beasley Broadcast Group, Inc.'s financial evolution and strategic trajectory over the past five years.
The company’s main strengths are a relatively resilient revenue base, improving operating performance in the most recent year, and a meaningful presence in multiple local markets with established brands and advertiser relationships. There has been some absolute reduction in debt, and digital revenue is becoming a more important and higher‑margin part of the business. Its willingness to adapt—through digital advertising offerings, enhanced in‑car experiences, and integrated marketing solutions—shows strategic awareness of how the industry is changing.
Key risks include a long history of net losses, persistent negative free cash flow, and a balance sheet that has weakened over time, with lower cash, higher leverage relative to equity, and thinner liquidity. The company operates in a structurally challenged industry facing ongoing shifts in audience behavior and advertiser preferences toward digital platforms with strong data capabilities. High debt levels and limited financial flexibility heighten the impact of any downturn in advertising demand or execution missteps in its digital strategy.
The outlook hinges on whether Beasley can translate its local strengths and digital initiatives into consistent profitability and positive cash flow before financial pressures become too acute. The recent rebound in operating performance is a constructive sign, but it comes after several difficult years and against a backdrop of declining asset base and tighter liquidity. If the company can continue growing higher‑margin digital revenue, manage costs, and gradually reduce leverage, its position could stabilize; if not, the combination of industry headwinds and financial strain will keep its future path uncertain.

CEO
Barbara Caroline Beasley
Compensation Summary
(Year 2024)
Upcoming Earnings
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2024-09-24 | Reverse | 1:20 |
ETFs Holding This Stock
Summary
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Ratings Snapshot
Rating : C-
Price Target
Institutional Ownership
BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A.
Shares:66.74K
Value:$272.29K
BLACKROCK INC.
Shares:51.55K
Value:$210.33K
INVESTORS CAPITAL ADVISORY SERVICES
Shares:19.11K
Value:$77.98K
Summary
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