Townsquare Media, Inc.

For the period ended Dec 31, 2024. Filed Mar 17, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 17, 2025

TSQ$1.56-10.9%Stored close · as of Nov 10, 2026

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Contents

Consolidated Balance Sheets as of December 31,

CONSOLIDATED BALANCE SHEETS

(in Thousands, Except Share and Per Share Data)

	At December 31,
	2024	2023
ASSETS
Current assets:
Cash and cash equivalents	$32,990	$61,046
Accounts receivable, net of allowance for credit losses of $3,924 and $4,041, respectively	60,635	60,780
Prepaid expenses and other current assets	11,822	10,356
Total current assets	105,447	132,182
Property and equipment, net	110,269	110,194
Intangible assets, net	162,156	200,306
Goodwill	152,903	157,270
Investments	725	3,542
Operating lease right-of-use assets	48,322	46,887
Other assets	592	1,165
Restricted cash	—	503
Total assets	$580,414	$652,049
LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY
Current liabilities:
Accounts payable	$4,451	$5,036
Deferred revenue	9,899	9,059
Accrued compensation and benefits	12,903	13,085
Accrued expenses and other current liabilities	26,572	25,112
Operating lease liabilities, current	9,026	9,376
Accrued interest	13,405	14,420
Total current liabilities	76,256	76,088
Long-term debt, net of deferred finance costs of $1,680 and $3,960, respectively	465,756	499,658
Deferred tax liability	12,500	11,856
Operating lease liability, net of current portion	44,177	41,437
Other long-term liabilities	10,167	13,099
Total liabilities	608,856	642,138
Stockholders’(deficit) equity:
Class A common stock, par value $0.01 per share; 300,000,000 shares authorized; 15,386,219 and 14,023,767 shares issued and outstanding, respectively	154	140
Class B common stock, par value $0.01 per share; 50,000,000 shares authorized; 815,296 and 815,296 shares issued and outstanding, respectively	8	8
Class C common stock, par value $0.01 per share; 50,000,000 shares authorized; 500,000 and 1,961,341 shares issued and outstanding, respectively	5	20
Total common stock	167	168
Treasury stock, at cost; 965,399 and 183,768 shares of Class A common stock, respectively	(11,203)	(2,177)
Additional paid-in capital	307,000	310,612
Accumulated deficit	(327,819)	(302,193)
Non-controlling interest	3,413	3,501
Total stockholders’ (deficit) equity	(28,442)	9,911
Total liabilities and stockholders’ (deficit) equity	$580,414	$652,049

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.