Focus on same-station revenue trajectory and ability to generate positive Adjusted EBITDA without asset sales. The May 2026 debt restructuring provides near-term liquidity relief but does not reverse secular revenue declines. Monitor next quarter for cost reduction progress and digital revenue momentum.
Price Chart
Executive Summary
Beasley Broadcast Group reported Q1 2026 revenue of $42.6M, down 12.9% YoY, with net income of $3.2M ($1.77/diluted share) driven by a $12.5M gain on asset dispositions, compared to a net loss of $2.7M in Q1 2025. Adjusted EBITDA turned negative to -$0.4M from +$1.1M, and operating cash flow remained negative. The revenue decline exceeds 5%, and core operations remain under pressure.
Key Financial Metrics
Key Facts
- Q1 2026 net revenue $42.6M, down 12.9% YoY (down 6.7% same-station)
- Net income of $3.2M ($1.77 diluted EPS) vs net loss of $2.7M ($1.50 loss) in Q1 2025, but includes a $12.5M gain on sale of Fort Myers stations
- Adjusted EBITDA -$0.4M vs +$1.1M in Q1 2025
- Operating cash flow -$3.5M, unchanged from prior year
- Long-term debt reduced to $217.5M from $235.3M at year-end 2025; subsequent debt restructuring completed May 2026
Financial Impact
Revenue decline of $6.3M YoY; net income swing of $5.9M positive but largely from asset sales
Risk Factors
- Continued secular pressure on traditional radio advertising revenues
- Negative Adjusted EBITDA and operating cash flow could strain liquidity
- Reliance on asset sales for profitability is not sustainable
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-220728 |
| Document: bbgi-20260513.htm | 0001193125-26-220728 |
| Document: 0001193125-26-220728-index-headers.html | 0001193125-26-220728 |
| Document: 0001193125-26-220728-index.html | 0001193125-26-220728 |
| Document: 0001193125-26-220728.txt | 0001193125-26-220728 |
| 8-K Data (Synthetic) | 0001193125-26-220728 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 2, 2026 25d ago | SC 13D/A | $10.37 $10.07 | ▼ −2.89% | ▼ −3.44% | $6.85 (−33.94%) |
Sep 30, 2026 27d ago | 8-K | $11.23 $11.08 | ▲ +1.34% | ▲ +2.08% | $6.85 (+39.00%) |
Sep 29, 2026 28d ago | 424B5 | $12.85 $11.23 | ▲ +12.61% | ▲ +12.79% | $6.85 (+46.69%) |
Sep 24, 2026 4w ago | 8-K | $15.29 $14.59 | ▼ −4.58% | ▼ −3.83% | $6.85 (−55.20%) |
Aug 12, 2026 10w ago | 8-K | $24.70 $22.59 | ▲ +8.54% | ▲ +8.34% | $6.85 (+72.27%) |
Aug 12, 2026 10w ago | Press Release | $24.70 $22.59 | ▲ +8.54% | ▲ +8.34% | $6.85 (+72.27%) |
Aug 11, 2026 11w ago | Press Release | $21.73 | awaiting T+1 | — | $6.85 (−68.48%) |
Aug 10, 2026 11w ago | 8-K | $21.87 $22.29 | ▼ −1.92% | ▼ −2.24% | $6.85 (+68.68%) |
Aug 9, 2026 11w ago | Press Release | $21.87 | awaiting T+1 | — | $6.85 (−68.68%) |
Aug 3, 2026 12w ago | Press Release | $26.04 $24.72 | ▼ −5.07% | ▼ −4.87% | $6.85 (−73.69%) |
US Market Status
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