Townsquare Media, Inc.

For the period ended Dec 31, 2025. Filed Mar 16, 2026.

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.

FY2025 · Filed Mar 16, 2026

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

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

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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,
	2025	2024
ASSETS
Current assets:
Cash and cash equivalents	$4,759	$32,990
Accounts receivable, net of allowance for credit losses of $4,979 and $3,924, respectively	52,048	60,635
Prepaid expenses and other current assets	12,582	11,822
Total current assets	69,389	105,447
Property and equipment, net	110,043	110,269
Intangible assets, net	155,047	162,156
Goodwill	147,590	152,903
Investments	725	725
Operating lease right-of-use assets	45,099	48,322
Other assets	667	592
Restricted cash	58	—
Total assets	$528,618	$580,414
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities:
Accounts payable	$6,895	$4,451
Current portion of long-term debt	11,750	—
Deferred revenue	8,737	9,899
Accrued compensation and benefits	11,486	12,903
Accrued expenses and other current liabilities	30,886	26,572
Operating lease liabilities, current	7,688	9,026
Accrued interest	4,791	13,405
Total current liabilities	82,233	76,256
Long-term debt, net of discount and deferred finance costs of $24,429 and $1,680, respectively	421,247	465,756
Deferred tax liability	16,763	12,500
Operating lease liability, net of current portion	42,101	44,177
Other long-term liabilities	7,266	10,167
Total liabilities	569,610	608,856
Stockholders’ deficit:
Class A common stock, par value $0.01 per share; 300,000,000 shares authorized; 16,180,932 and 15,386,219 shares issued and outstanding, respectively	162	154
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 500,000 shares issued and outstanding, respectively	5	5
Total common stock	175	167
Treasury stock, at cost; 965,399 and 965,399 shares of Class A common stock, respectively	(11,203)	(11,203)
Additional paid-in capital	319,818	307,000
Accumulated deficit	(353,195)	(327,819)
Non-controlling interest	3,413	3,413
Total stockholders’ deficit	(40,992)	(28,442)
Total liabilities and stockholders’ deficit	$528,618	$580,414

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.