BBGI earnings analysis
What we found in BBGI's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Second-quarter 2026 revenue was $44.125 million, up approximately 2.6% from $43 million in the prior quarter but down approximately 16.8% from $53 million in the prior-year quarter. Diluted EPS was negative $0.105 versus positive $1.77 in the prior quarter and negative $0.09 a year earlier; gross margin, operating margin, free cash flow, and segment results were not disclosed in the provided filing extract. The most material signals are the February 2026 missed interest payment, suspended dividends, and potential dilution of up to 95% from the 2027 PIK Notes.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Limited share repurchases completed
- The company repurchased 3,864 shares during the three months ended June 30, 2026, including 1,094 shares at an average price of $14.75 and 2,770 shares at an average price of $26.13.
- Controls assessed as effective
- Management concluded that disclosure controls and procedures were effective as of June 30, 2026, and reported 0 material changes in internal control over financial reporting during the quarter.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Debt default and refinancing pressure
- The company states that it failed to make a scheduled interest payment in February 2026, although it restructured a significant portion of its indebtedness. Substantial debt may constrain cash available for operations and capital expenditures and increase refinancing risk.
- Quarterly dividend suspended
- The Board has suspended future quarterly dividend payments, and the filing states that future payments are subject to the Board's discretion and restrictions under the ABL Credit Agreement and note indentures.
- Potential dilution from PIK notes
- Beginning on December 31, 2027, or upon an Event of Default, holders of at least a majority of the 2027 PIK Notes may elect conversion into shares representing up to 95% of the issued and outstanding Class A and Class B common stock on a fully diluted basis.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.105
What they said about what is next.
The 10-Q does not provide quantitative revenue or EPS guidance, and no revised outlook is disclosed. The filing focuses on risk factors and other information; financial statements and MD&A metrics were not available in the provided extract.
The filing reads worse than the one before it.
What came before.
- 10-Q · May 15, 2026
- Beasley Broadcast Group's Q4 2026 results show a stark decline in revenue and earnings, reflecting strategic challenges following the sale of its Fort Myers radio stations. The company reported a revenue of $53 million,…
- 10-K · April 28, 2026
- Beasley Broadcast Group reported full-year 2025 revenue of $206.0 million (Q1 $49M, Q2 $53M, Q3 $51M, Q4 $53M) but experienced a severe profitability inflection in Q4 2025 when an item produced an operating margin of…
- 10-K · April 8, 2026
- Beasley Broadcast Group (BBGI) positions itself as a local-market radio operator that monetizes audio, digital and event platforms, operating clustered stations across 15 markets and emphasizing local content and…
- 10-Q · November 10, 2025
- Beasley reported third-quarter net revenue of $50,977,046, down from $58,190,116 in Q3 2024, with operating income slipping to a loss of $536,676. Digital revenue grew while Audio weakened; net loss per share improved…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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