Townsquare Media, Inc.
Townsquare Media, Inc. operates as a multiline insurance and brokers company, generating revenue through digital advertising services, including a proprietary programmatic advertising technology stack and a portfolio of local and national websites and mobile apps.
Business. Townsquare Media, Inc. (TSQ) is a multiline insurance and broker company operating within the insurance industry. The firm is headquartered in the United States and is primarily listed on the New York Stock Exchange. As segment and geographic breakdowns are not specified, the company is described at the industry level as a provider of insurance products and brokerage services.
Analyst recommendations
2 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Townsquare Media, Inc. (TSQ) is a multiline insurance and broker company operating within the insurance industry. The firm is headquartered in the United States and is primarily listed on the New York Stock Exchange. As segment and geographic breakdowns are not specified, the company is described at the industry level as a provider of insurance products and brokerage services.
Townsquare Media's capital structure is highly leveraged, with total liabilities of $552.3 million and total equity of -$36.25 million, resulting in a debt-to-equity ratio of -11.98. The company's liquidity position is weak, with a current ratio of 0.83 and only $2.18 million in cash and equivalents. Despite a positive operating cash flow of $4.2 million, the company's free cash flow is limited to $558,000, indicating constrained financial flexibility.
Profitability is mixed, with a net income of $2.77 million despite an operating loss of $1.27 million. The return on equity is negative at -7.65%, while the return on assets is a modest 0.54%. These figures suggest that the company is not effectively utilizing its equity or assets to generate returns, which is below the typical performance of the insurance industry.
The company's revenue is primarily concentrated in its digital advertising division, Townsquare Ignite, which leverages a proprietary technology stack and a portfolio of local and national websites and mobile apps. However, the financial data does not provide a breakdown of revenue by geographic region, making it difficult to assess the geographic exposure and potential risks associated with regional economic conditions.
Growth trajectory appears to be declining, with a year-over-year revenue decrease from $98.68 million in Q1 2025 to $96.78 million in Q1 2026. The company has also reported an operating loss in the most recent quarter, indicating a potential downturn in business performance. Management has indicated a willingness to implement cost-cutting measures, such as wage reductions and controlling non-essential capital expenditures, to mitigate the impact of revenue reductions.
The company faces significant risk factors, including high liquidity risk due to negative net cash after total debt and a high dilution risk with a diluted share count that is moderately above the basic share count. The risk assessment also highlights the potential for further dilution through offerings or other means, which could negatively impact shareholder value.
Recent events include the filing of unaudited financial statements for Q1 2026, which show a net income of $2.96 million and a net loss from operations before tax of $12.72 million. The company has also reported a significant impairment of intangible assets of $8.59 million, which could affect future profitability. Additionally, the company is involved in legal proceedings, although management does not believe these will have a material adverse effect on its financial position.
- Townsquare Media is highly leveraged with a debt-to-equity ratio of -11.98 and a weak liquidity position.
- The company reported a net income of $2.77 million despite an operating loss, indicating poor asset and equity utilization.
- Revenue is primarily driven by the digital advertising division, but geographic exposure is not disclosed.
- Growth is declining, with a year-over-year revenue decrease and an operating loss in the most recent quarter.
- The company faces high liquidity and dilution risks, with potential for further dilution through offerings.
- Legal proceedings are ongoing, but management does not expect them to have a material impact.
Bull / Bear case
Generated · model-assistedAnalysts project 91.1% upside to a $12.50 mean price target, rating the stock a strong buy.
Operating income improved to $44.2 million in FY2025, demonstrating a recovery from previous operating losses.
Long-term debt decreased to $421.2 million in FY2025, indicating progress in deleveraging the balance sheet.
Cash conversion ratio of 1.51 exceeds the cohort median of 1.47, showing efficient cash generation.
Net loss narrowed to $11.5 million in FY2025, reflecting improved profitability compared to prior periods.
The company faces high dilution, liquidity, and credit risks, signaling significant financial instability and potential value erosion.
Net debt to EBITDA stands at 6.84, indicating high leverage and potential difficulty in servicing debt obligations.
Interest coverage ratio of 0.92 suggests the company cannot fully cover interest expenses with operating income.
Revenue declined 5.5% year-over-year to $427.4 million, highlighting a contraction in top-line growth.
In focus — financials by report
Revenue $96.8M; Operating income -$1.3M.
- ▍Revenue $96.8M
- ▍Operating income -$1.3M
- ▍Net margin 2.9%
Revenue $320.9M; Operating income $34.1M.
- ▍Revenue $320.9M
- ▍Operating income $34.1M
- ▍Net margin -2.0%
Revenue $214.1M; Operating income $28.2M.
- ▍Revenue $214.1M
- ▍Operating income $28.2M
- ▍Net margin -0.2%
Revenue $427.4M; Operating income $44.2M.
- ▍Revenue $427.4M
- ▍Operating income $44.2M
- ▍Net margin -2.7%
Revenue $451.0M; Operating income $21.7M.
- ▍Revenue $451.0M
- ▍Operating income $21.7M
- ▍Net margin -2.8%
Revenue $451.0M; Operating income $21.7M.
- ▍Revenue $451.0M
- ▍Operating income $21.7M
- ▍Net margin -2.8%
Revenue $454.2M; Operating income -$19.1M.
- ▍Revenue $454.2M
- ▍Operating income -$19.1M
- ▍Net margin -9.9%
Revenue $454.2M; Operating income -$19.1M.
- ▍Revenue $454.2M
- ▍Operating income -$19.1M
- ▍Net margin -9.9%
Valuation FY
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,53 |
| Revenue | —no estimate | —no estimate | 432,6M UNKNOWN ERROR IN UNIVERSE PROCESSING |
| Operating income | —no estimate | —no estimate | 58,7M UNKNOWN ERROR IN UNIVERSE PROCESSING |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Diluted share count is moderately above the basic share count.
- Current liabilities exceed current assets.
- Net cash is negative after subtracting total debt.
- Source documents mention dilution or offering risk.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- SVP, Chief Accounting Officer · Class A Common Stock → Option to Purchase Class A Common StockAcquired 280 129 @ $6,56grant · 2026-05-27
- SVP, Chief Accounting Officer · Class A Common Stock → Option to Purchase Class A Common StockAcquired 250 000 @ $6,56grant · 2026-05-27
Actions
Ask Handelsavisen
- Market data
- Regulatory filings
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Ev To Operating Cash Flowenterprise_value / operating_cash_flow
- Return On Equitynet_income / total_equity
- Price To Earningsmarket_price / (net_income / shares_outstanding_diluted)
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Market Capmarket_price * shares_outstanding_diluted
- Townsquare Media, Inc. company facts · 2026-05-29
- Townsquare Media, Inc. 10-Q 2026-05-11 · 2026-05-29
- Townsquare Media, Inc. 10-K 2026-03-16 · 2026-05-29
- Townsquare Media, Inc. 10-Q 2025-11-10 · 2026-05-29
- Townsquare Media, Inc. 10-Q 2025-08-06 · 2026-05-29
Ownership & reference
Leadership
- Steven PriceExecutive Chairman of the Board
Insider activity
- EVP, Finance Op and Tech · Class A Common StockOther 2 000 @ $4,57$9K · 2026-07-16
- SVP, Chief Accounting Officer · Class A Common StockOther 1 558 @ $4,57$7K · 2026-07-16
- COO · Class A Common StockSold 35 000 @ $6,44$225K · 2026-06-09
- SVP, Chief Accounting Officer · Class A Common StockSold 34 299 @ $6,62$227K · 2026-05-28
- SVP, Chief Accounting Officer · Class A Common StockOther 34 299 @ $6,56$225K · 2026-05-27
- EVP, Inv Rel and Corp Comm · Class A Common StockSold 19 716 @ $6,09$120K · 2026-05-20
- EVP, Inv Rel and Corp Comm · Class A Common StockSold 15 718 @ $6,04$95K · 2026-05-19
- EVP, Inv Rel and Corp Comm · Class A Common StockSold 17 717 @ $6,05$107K · 2026-05-18
- EVP, Inv Rel and Corp Comm · Class A Common StockOther 53 151 @ $6,03$321K · 2026-05-18
- EVP, Finance Op and Tech · Class A Common StockBought 943 @ $6,51$6K · 2026-05-04
- EVP, Finance Op and Tech · Class A Common StockSold 34 836 @ $5,25$183K · 2026-03-23
- EVP, Finance Op and Tech · Class A Common StockSold 21 090 @ $5,02$106K · 2026-03-20
- EVP, Finance Op and Tech · Class A Common StockSold 28 980 @ $5,08$147K · 2026-03-19
- EVP, Finance Op and Tech · Class A Common StockOther 84 906 @ $5,83$495K · 2026-03-18
- COO · Class A Common StockSold 20 106 @ $6,58$132K · 2026-02-18
- EVP, Finance Op and Tech · Class A Common StockBought 980 @ $6,61$6K · 2026-02-02
- COO · Class A Common StockSold 6 522 @ $5,57$36K · 2026-01-20
- COO · Class A Common StockSold 7 437 @ $5,54$41K · 2026-01-16
- COO · Class A Common UnitsOther 189 368 @ $5,41$1,0M · 2026-01-14
- COO · Class A Common UnitsOther 92 421 @ $5,41$500K · 2026-01-14
- EVP and CFO · Class A Common UnitsOther 110 906 @ $5,41$600K · 2026-01-14
- EVP and CFO · Class A Common UnitsOther 227 242 @ $5,41$1,2M · 2026-01-14
- Director, Chief Executive Officer · Class A Common UnitsOther 231 054 @ $5,41$1,3M · 2026-01-14
- Director, Chief Executive Officer · Class A Common UnitsOther 473 420 @ $5,41$2,6M · 2026-01-14
- Director · Class A Common StockOther 24 030 @ $5,41$130K · 2026-01-14
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Gross profit (YoY) (2025-12-31 vs 2024-12-31): -12.2%Derived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): -6.4%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): -8.9%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): -5.2%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): 103.8%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): -37.2%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): 9.4%Derived (calculated)
- Long-term debt (YoY) (2025-12-31 vs 2024-12-31): -7.0%Derived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): -85.6%Derived (calculated)
- Capex (YoY) (2025-12-31 vs 2024-12-31): -12.7%Derived (calculated)
- Current ratio (FY 2025-12-31): 0.84xDerived (calculated)
- Net margin (FY 2025-12-31): -2.7%Derived (calculated)
- Return on assets (FY 2025-12-31): -2.2%Derived (calculated)
- Gross margin (FY 2025-12-31): 25.5%Derived (calculated)
- Operating cash flow (annual): USD 30.6MSEC XBRL filing
- Current liabilities (annual): USD 82.23MSEC XBRL filing
- Total assets (annual): USD 528.62MSEC XBRL filing
- Long-term debt (annual): USD 433MSEC XBRL filing
- Gross profit (annual): USD 109.1MSEC XBRL filing
- Operating income (annual): USD 44.2MSEC XBRL filing
- Interest expense (annual): USD 47.92MSEC XBRL filing
- Current assets (annual): USD 69.39MSEC XBRL filing
- Revenue (annual): USD 427.38MSEC XBRL filing
- Pre-tax income (annual): USD -5.02MSEC XBRL filing