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Midas Edge

BEASLEY BROADCAST GROUP INC

For the period ended Mar 31, 2026. Filed May 15, 2026.

View on SEC.gov

About this filing

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.

Mar 31, 2026 · Filed May 15, 2026

BBGI$5.89+5.9%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Item 1. Condensed Consolidated Financial Statements

Notes to Condensed Consolidated Financial Statements.6
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations.15
Item 3.Quantitative and Qualitative Disclosures About Market Risk.20
Item 4.Controls and Procedures.20
PART II OTHER INFORMATION
Item 1.Legal Proceedings.22
Item 1A.Risk Factors.22
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds.22
Item 3.Defaults Upon Senior Securities.22
Item 4.Mine Safety Disclosures.22
Item 5.Other Information.22
Item 6.Exhibits.23
SIGNATURES24

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

December 31,March 31,
20252026
ASSETS
Current assets:
Cash and cash equivalents$9,936,783$6,425,546
Accounts receivable, less allowance for credit losses of $2,396,893 in 2025 and $1,605,007 in 202645,468,66140,067,427
Prepaid expenses3,359,7642,743,935
Other current assets1,695,7021,692,973
Total current assets60,460,91050,929,881
Property and equipment, net43,101,32141,035,339
Operating lease right-of-use assets26,463,86926,401,473
FCC licenses154,711,200154,711,200
Other intangibles, net1,412,9011,379,628
Assets held for sale7,423,633—
Other assets5,714,1427,050,858
Total assets$299,287,976$281,508,379
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities:
Accounts payable$25,832,681$21,409,989
Operating lease liabilities6,972,7906,913,962
Other current liabilities24,630,28717,935,660
Current portion of long-term debt2,795,000—
Total current liabilities60,230,75846,259,611
Long-term debt235,287,353217,504,512
Operating lease liabilities25,635,35525,450,595
Deferred tax liabilities19,041,41120,284,188
Liabilities held for sale1,689,352—
Other long-term liabilities6,734,17818,076,061
Total liabilities348,618,407327,574,967
Commitments and contingencies
Stockholders' deficit:
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued——
Class A common stock, $0.001 par value; 150,000,000 shares authorized; 1,172,194 issued and 972,143 outstanding in 2025; 1,173,570 issued and 973,170 outstanding in 202618,19318,194
Class B common stock, $0.001 par value; 75,000,000 shares authorized; 833,137 issued and outstanding in 2025 and 202616,66216,662
Additional paid-in capital156,797,847156,848,634
Treasury stock, Class A common stock; 200,051 shares in 2025; 200,400 shares in 2026(29,367,411)(29,369,146)
Accumulated deficit(177,394,073)(174,179,283)
Accumulated other comprehensive income598,351598,351
Total stockholders' deficit(49,330,431)(46,066,588)
Total liabilities and stockholders' deficit$299,287,976$281,508,379

CONDENSED CONSOLIDATED STATEMENTS OF NET INCOME (LOSS) (UNAUDITED)

Three Months Ended March 31,
20252026
Net revenue$48,912,465$42,588,735
Operating expenses:
Operating expenses (including stock-based compensation of $28,168 in 2025 and $8,315 in 2026 and excluding depreciation and amortization shown separately below)45,241,26142,170,631
Corporate expenses (including stock-based compensation of $70,451 in 2025 and $42,473 in 2026)4,019,4623,527,570
Depreciation and amortization1,652,3311,657,291
Gain on dispositions(1,698,228)(12,461,477)
Total operating expenses49,214,82634,894,015
Operating income (loss)(302,361)7,694,720
Non-operating income (expense):
Interest expense(3,380,642)(3,263,397)
Other income (expense), net(600,743)82,916
Income (loss) before income taxes(4,283,746)4,514,239
Income tax expense (benefit)(1,567,727)1,328,368
Income (loss) before equity in earnings of unconsolidated affiliates(2,716,019)3,185,871
Equity in earnings of unconsolidated affiliates, net of tax26,19828,919
Net income (loss)(2,689,821)3,214,790
Net income (loss) per Class A and Class B common share:
Basic$(1.50)$1.78
Diluted$(1.50)$1.77
Weighted-average shares outstanding:
Basic1,792,0291,806,242
Diluted1,792,0291,812,976

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

Three Months Ended March 31,
20252026
Cash flows from operating activities:
Net income (loss)$(2,689,821)$3,214,790
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Stock-based compensation98,61950,788
Provision for credit losses(9,433)(196,619)
Depreciation and amortization1,652,3311,657,291
Gain on dispositions(1,698,228)(12,461,477)
Amortization of premium(1,883,841)(1,883,841)
Deferred income taxes(1,570,339)1,242,777
Equity in earnings of unconsolidated affiliates(26,198)(28,919)
Change in operating assets and liabilities:
Accounts receivable5,256,2245,597,853
Prepaid expenses809,716615,829
Other assets(928,464)(1,747,062)
Accounts payable(3,082,509)(4,422,692)
Other liabilities746,2724,515,159
Other operating activities(148,834)361,690
Net cash used in operating activities(3,474,505)(3,484,433)
Cash flows from investing activities:
Capital expenditures(800,165)(650,778)
Proceeds from dispositions2,746,50719,319,709
Net cash provided by investing activities1,946,34218,668,931
Cash flows from financing activities:
Payments of debt—(18,694,000)
Purchase of treasury stock(9,105)(1,735)
Net cash used in financing activities(9,105)(18,695,735)
Net decrease in cash and cash equivalents(1,537,268)(3,511,237)
Cash and cash equivalents at beginning of period13,772,7209,936,783
Cash and cash equivalents at end of period$12,235,452$6,425,546
Cash paid for interest$6,592,232$2,135,682
Cash paid for income taxes$112,450$18,060
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.