The $91.8M non-cash gain masks a deteriorating core business. Monitor for continued revenue declines and cash burn; the debt restructuring is a positive but the operating trajectory remains negative. The going-concern risk factor in the forward-looking statements is a significant red flag.
Price Chart
Executive Summary
Beasley Broadcast Group reported Q2 2026 revenue of $44.1M, down 16.8% YoY from $53.0M, and a GAAP net income of $84.3M driven by a $91.8M non-cash gain on debt restructuring. Adjusted EBITDA improved to $5.3M from $4.7M YoY, but core operating income fell to $1.3M from $2.9M. The massive GAAP EPS of $45.95 is entirely non-operational; the underlying business continues to decline with no guidance provided, making this a bearish report for common equity holders despite the balance sheet improvement.
Key Financial Metrics
Key Facts
- Q2 2026 net revenue of $44.1M, down 16.8% YoY from $53.0M
- GAAP net income of $84.3M driven by a $91.8M non-cash gain on debt restructuring
- Adjusted EBITDA improved to $5.3M from $4.7M YoY
- Operating income fell to $1.3M from $2.9M YoY
- Total debt reduced by $95M to $144.8M via restructuring
- No forward guidance provided in the release
Financial Impact
Revenue declined 16.8% YoY; GAAP EPS of $45.95 is non-cash and non-operational; adjusted EBITDA of $5.3M is a modest improvement but still low relative to debt
Risk Factors
- Continued revenue decline in traditional advertising
- Negative operating cash flow of $15.2M in H1 2026
- Going-concern risk explicitly flagged in forward-looking statements
- No guidance provided, indicating uncertainty
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-347093 |
| Document: bbgi-20260812.htm | 0001193125-26-347093 |
| Document: 0001193125-26-347093-index-headers.html | 0001193125-26-347093 |
| Document: 0001193125-26-347093-index.html | 0001193125-26-347093 |
| Document: 0001193125-26-347093.txt | 0001193125-26-347093 |
| 8-K Data (Synthetic) | 0001193125-26-347093 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 2, 2026 24d ago | SC 13D/A | $10.37 $10.07 | ▼ −2.89% | ▼ −3.44% | $7.11 (−31.44%) |
Sep 30, 2026 26d ago | 8-K | $11.23 $11.08 | ▲ +1.34% | ▲ +2.08% | $7.11 (+36.69%) |
Sep 29, 2026 27d ago | 424B5 | $12.85 $11.23 | ▲ +12.61% | ▲ +12.79% | $7.11 (+44.67%) |
Sep 24, 2026 4w ago | 8-K | $15.29 $14.59 | ▼ −4.58% | ▼ −3.83% | $7.11 (−53.50%) |
Aug 12, 2026 10w ago | 8-K | $24.70 $22.59 | ▲ +8.54% | ▲ +8.34% | $7.11 (+71.21%) |
Aug 12, 2026 10w ago | Press Release | $24.70 $22.59 | ▲ +8.54% | ▲ +8.34% | $7.11 (+71.21%) |
Aug 11, 2026 10w ago | Press Release | $21.73 | awaiting T+1 | — | $7.11 (−67.28%) |
Aug 10, 2026 11w ago | 8-K | $21.87 $22.29 | ▼ −1.92% | ▼ −2.24% | $7.11 (+67.49%) |
Aug 9, 2026 11w ago | Press Release | $21.87 | awaiting T+1 | — | $7.11 (−67.49%) |
Aug 3, 2026 12w ago | Press Release | $26.04 $24.72 | ▼ −5.07% | ▼ −4.87% | $7.11 (−72.70%) |
US Market Status
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