URBAN ONE, INC.
For the period ended Jun 30, 2026. Filed Aug 4, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 4, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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PART I. FINANCIAL INFORMATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except share and per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| NET REVENUE | $85,757 | $91,631 | $163,408 | $183,866 |
| OPERATING EXPENSES: | ||||
| Programming and technical, including stock-based compensation of $—, $14, $— , and $29 respectively | 29,774 | 28,661 | 59,779 | 59,274 |
| Selling, general and administrative, including stock-based compensation of $1,680, $560, $1,881, and $1,221 respectively | 46,881 | 50,053 | 90,565 | 100,819 |
| Depreciation and amortization | 6,184 | 3,523 | 12,361 | 5,838 |
| Impairment of goodwill, intangible assets and long-lived assets | 14,157 | 130,078 | 14,157 | 136,521 |
| Total operating expenses | 96,996 | 212,315 | 176,862 | 302,452 |
| Operating loss | (11,239) | (120,684) | (13,454) | (118,586) |
| INTEREST AND INVESTMENT INCOME | — | 616 | 8 | 1,582 |
| INTEREST EXPENSE | (2,070) | (9,704) | (6,477) | (20,628) |
| GAIN ON SALE OF BUSINESS | 4,671 | — | 4,671 | — |
| GAIN ON RETIREMENT OF DEBT | — | 30,297 | 2,080 | 41,884 |
| OTHER (EXPENSE) INCOME, NET | (43) | 124 | (51) | 316 |
| Loss before benefit from income taxes | (8,681) | (99,351) | (13,223) | (95,432) |
| BENEFIT FROM INCOME TAXES | 1,703 | 21,382 | 3,144 | 5,724 |
| NET LOSS | (6,978) | (77,969) | (10,079) | (89,708) |
| NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTERESTS | 95 | (67) | 73 | (64) |
| NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS | $(7,073) | $(77,902) | $(10,152) | $(89,644) |
| NET LOSS TO COMMON STOCKHOLDERS (per share) | ||||
| Basic (a) | $(1.58) | $(17.41) | $(2.28) | $(20.02) |
| Diluted (a) | $(1.58) | $(17.41) | $(2.28) | $(20.02) |
| WEIGHTED-AVERAGE SHARES OUTSTANDING: | ||||
| Basic (a) | 4,470,542 | 4,473,831 | 4,460,275 | 4,476,828 |
| Diluted (a) | 4,470,542 | 4,473,831 | 4,460,275 | 4,476,828 |
(a)Weighted-average shares outstanding used in the computation of basic and diluted net loss to common stockholders per share have been retroactively adjusted to reflect the 1-for-10 Reverse Stock Split that occurred on January 22, 2026. See Note 2 - Summary of Significant Accounting Policies for additional information.
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
(In thousands, except share and per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| NET LOSS | $(6,978) | $(77,969) | $(10,079) | $(89,708) |
| COMPREHENSIVE LOSS | $(6,978) | $(77,969) | $(10,079) | $(89,708) |
| LESS: COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO THE NON-CONTROLLING INTERESTS | 95 | (67) | 73 | (64) |
| COMPREHENSIVE LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS | $(7,073) | $(77,902) | $(10,152) | $(89,644) |
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