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,…
Earnings analysis · 10-Q
BBGI earnings analysis
Filed August 14, 2026 · Our reading of the company's report
The latest report
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…
Read full summary
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.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.105
What stood out
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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.
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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.
What to watch
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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.
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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.
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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.
Management's outlook
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.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.