Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Mixed evidenceCoverage 5/5 core metricsOperating margin changed -4.4 percentage points from the prior annual period.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Operating margin compressed
Operating margin changed -4.4 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-31.
- 4 filing risk checks flagged
Flagged areas: Earnings quality, Solvency & liquidity.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +22.6% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.
- Free cash flow was positive
Latest reported free cash flow was $4M.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2025-12-31.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Earnings quality
- Solvency & liquidity
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-09-06
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- Digital Advertising$303Mshare n/a+74.6% yoy
- Broadcast Advertising$104Mshare n/a-27.8% yoy
- Advertising$104Mshare n/a-27.8% yoy
- Retransmission Consent$29.5Mshare n/a-13.0% yoy
- Spectrum Usage Rights$6.17Mshare n/a-10.4% yoy
- Other Product Or Services$4.96Mshare n/a-28.7% yoy
member sum exceeds the consolidated figure: this axis carries more than one breakdown, so shares are not computed.
- United States$262M58.4%-4.6% yoy
- Outside the United States$186M41.6%+104.9% yoy
Members sum to the consolidated $448M for this period.
- Digital Advertising$164Mshare n/a+188.3% yoy
- Broadcast Advertising$22.8Mshare n/a-5.4% yoy
- Advertising$22.8Mshare n/a-5.4% yoy
- Retransmission Consent$8.36Mshare n/a+3.6% yoy
- Other Product Or Services$1.27Mshare n/a+15.4% yoy
- Spectrum Usage Rights$797Kshare n/a-55.4% yoy
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,058 US-listed filers · 129 in Communication| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $448M | 42ndof 3,301 middle third | 38thof 124 middle third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 22.6% | 80thof 3,137 top third | 86thof 119 top third |
Operating margin operating income ÷ revenue | -18.6% | 27thof 2,819 bottom third | 25thof 117 bottom third |
Net margin net income ÷ revenue | -17.7% | 26thof 3,263 bottom third | 29thof 122 bottom third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | 0.8% | 37thof 2,679 middle third | 38thof 105 middle third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -142.8% | 9thof 3,577 bottom third | 9thof 100 bottom third |
Interest coverage operating income ÷ interest expense (interest expense > 0) | -5.5× | 27thof 819 bottom third | 29thof 40 bottom third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 2.5% | 48thof 2,895 middle third | 41stof 110 middle third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 77 days | 21stof 2,398 bottom third | 16thof 107 bottom third |
Net debt ÷ operating cash flow net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher | 8.2× | 13thof 1,547 bottom third | 29thof 63 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -20.5% | 93rdof 2,770 top third | 89thof 80 top third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | -49.4% | 93rdof 2,345 top third | 90thof 63 top third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 35 changed periods, 30 largest shown| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Operating income OperatingIncomeLoss | quarter 2023-06-30 | $544K 10-Q 2023-08-04 | -$3.96M 10-Q 2024-08-08 | -828.7% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2023-12-31 | -$4.52M 10-K 2024-03-14 | -$26.5M 10-K 2026-03-05 | -486.1% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2023-09-30 | $5.13M 10-Q 2023-11-02 | -$3.8M 10-Q 2024-11-07 | -174.1% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2024-03-31 | -$55.9M 10-Q 2024-05-02 | -$7.65M 10-Q 2025-05-08 | +86.3% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | fiscal year 2023-12-31 | $1.11B 10-K 2024-03-14 | $297M 10-K 2026-03-05 | -73.2% | first · latest · 3 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2023-06-30 | $273M 10-Q 2023-08-04 | $73.7M 10-Q 2024-08-08 | -73.0% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2024-03-31 | $277M 10-Q 2024-05-02 | $78.2M 10-Q 2025-05-08 | -71.8% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2023-09-30 | $274M 10-Q 2023-11-02 | $77.4M 10-Q 2024-11-07 | -71.8% | first · latest |
| Receivables AccountsReceivableNetCurrent | balance at 2023-12-31 | $236M 10-K 2024-03-14 | $70.1M 10-K 2025-03-06 | -70.3% | first · latest · 5 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | fiscal year 2022-12-31 | $956M 10-K 2023-03-16 | $324M 10-K 2025-03-06 | -66.1% | first · latest · 3 filings carry it |
| Deferred revenue (current) DeferredRevenueCurrent | balance at 2023-12-31 | $4.1M 10-K 2024-03-14 | $2M 10-K 2025-03-06 | -51.2% | first · latest |
| Goodwill Goodwill | balance at 2022-12-31 | $87M 10-K 2023-03-16 | $47.2M 10-K 2025-03-06 | -45.8% | first · latest · 6 filings carry it |
| Goodwill Goodwill | balance at 2023-12-31 | $90.7M 10-K 2024-03-14 | $50.7M 10-K 2026-03-05 | -44.1% | first · latest · 6 filings carry it |
| Depreciation and amortization DepreciationAndAmortization | quarter 2023-06-30 | $6.51M 10-Q 2023-08-04 | $3.71M 10-Q 2024-08-08 | -43.0% | first · latest |
| Depreciation and amortization DepreciationAndAmortization | fiscal year 2023-12-31 | $28M 10-K 2024-03-14 | $16.4M 10-K 2026-03-05 | -41.5% | first · latest · 3 filings carry it |
| Depreciation and amortization DepreciationAndAmortization | fiscal year 2022-12-31 | $25.7M 10-K 2023-03-16 | $15.6M 10-K 2025-03-06 | -39.1% | first · latest · 3 filings carry it |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2023-12-31 | $106M 10-K 2024-03-14 | $67.4M 10-K 2026-03-05 | -36.3% | first · latest · 6 filings carry it |
| Depreciation and amortization DepreciationAndAmortization | quarter 2023-09-30 | $7.36M 10-Q 2023-11-02 | $4.73M 10-Q 2024-11-07 | -35.7% | first · latest |
| Depreciation and amortization DepreciationAndAmortization | quarter 2024-03-31 | $7.13M 10-Q 2024-05-02 | $4.74M 10-Q 2025-05-08 | -33.6% | first · latest |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2022-12-31 | $111M 10-K 2023-03-16 | $80.3M 10-K 2025-03-06 | -27.4% | first · latest · 6 filings carry it |
| Operating income OperatingIncomeLoss | fiscal year 2022-12-31 | $40.3M 10-K 2023-03-16 | $30.6M 10-K 2025-03-06 | -24.0% | first · latest · 3 filings carry it |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2024-03-31 | $128M 10-Q 2024-05-02 | $98.4M 10-Q 2025-05-08 | -23.4% | first · latest |
| Total assets Assets | balance at 2020-03-31 | $613M 10-Q 2020-05-08 | $747M 10-Q 2021-05-07 | +21.9% | first · latest |
| Intangibles IntangibleAssetsNetExcludingGoodwill | balance at 2023-12-31 | $247M 10-K 2024-03-14 | $202M 10-K 2025-03-06 | -18.1% | first · latest |
| Net income ProfitLoss | fiscal year 2022-12-31 | $20.2M 10-K 2023-03-16 | $18.1M 10-K 2025-03-06 | -10.2% | first · latest · 3 filings carry it |
| Net income ProfitLoss | quarter 2024-03-31 | -$51.7M 10-Q 2024-05-02 | -$48.9M 10-Q 2025-05-08 | +5.4% | first · latest |
| Interest expense InterestExpense | fiscal year 2022-12-31 | $10.9M 10-K 2023-03-16 | $10.5M 10-K 2025-03-06 | -3.1% | first · latest · 3 filings carry it |
| Interest expense InterestExpense | fiscal year 2023-12-31 | $17.3M 10-K 2024-03-14 | $16.8M 10-K 2026-03-05 | -2.6% | first · latest · 3 filings carry it |
| Interest expense InterestExpense | quarter 2023-06-30 | $4.31M 10-Q 2023-08-04 | $4.2M 10-Q 2024-08-08 | -2.6% | first · latest |
| Interest expense InterestExpense | quarter 2024-03-31 | $4.56M 10-Q 2024-05-02 | $4.44M 10-Q 2025-05-08 | -2.5% | first · latest |
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for EVC yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.