The Chapter 11 filing and continued decline in core financials signal severe distress. Traders should monitor the restructuring process and whether the company can stabilize its digital revenue and reduce debt.
Price Chart
Executive Summary
Cumulus Media reported full-year 2025 results with revenue down 10.3% and a net loss of $200.7 million, alongside the announcement of a prepackaged Chapter 11 restructuring to reduce its debt burden. Adjusted EBITDA fell 37.1% year-over-year.
Key Financial Metrics
Key Facts
- Company filed for prepackaged Chapter 11 bankruptcy on March 5, 2026
- Full-year 2025 revenue was $741.7 million, down 10.3% from 2024
- Net loss for 2025 was $200.7 million, compared to $283.2 million in 2024
- Adjusted EBITDA was $52.0 million, down 37.1% from $82.7 million in 2024
- Digital revenue declined 1.9% for the year, with a significant 8.5% drop in Q4
Financial Impact
Revenue declined 10.3% and Adjusted EBITDA fell 37.1% year-over-year, with a net loss of $200.7 million
Risk Factors
- Ongoing bankruptcy proceedings create uncertainty
- Continued decline in digital revenue despite strategic focus
- High leverage and debt burden
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001058623-26-000017 |
| Document: cmls-20260410.htm | 0001058623-26-000017 |
| Document: 0001058623-26-000017-index-headers.html | 0001058623-26-000017 |
| Document: 0001058623-26-000017-index.html | 0001058623-26-000017 |
| Document: 0001058623-26-000017.txt | 0001058623-26-000017 |
| 8-K Data (Synthetic) | 0001058623-26-000017 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Apr 29, 2026 25w ago | 8-K | $0.003000 $0.004000 | ▼ −33.33% | ▼ −29.22% | — |
Apr 17, 2026 27w ago | 8-K | $0.007000 $0.006600 | ▲ +5.71% | ▲ +12.49% | — |
Apr 10, 2026 28w ago | 8-K | $0.003000 $0.005300 | ▼ −76.67% | ▼ −66.34% | — |
US Market Status
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