SAGA COMMUNICATIONS INC

Listed Company

SGACIK 0000886136NasdaqNon-AcceleratedSmaller ReportingRadio Broadcasting StationsFloridaFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$-7.90M

Total Assets

$201.32M

Equity

$151.48M

Shares Out

6.36M

Op. Cash Flow

$5.46M

SGA$9.39−29.17% · past yearDBEQ Basic

Daily closing prices

Business

Saga Communications is a radio broadcaster that owns eighty-two FM and thirty AM stations serving twenty-eight mid-sized markets. The company generates revenue primarily through local and national advertising sales, complemented by growing digital marketing services including paid search, display advertising, streaming, social media, and online news. Saga operates as a decentralized organization with local market management responsible for day-to-day operations while corporate personnel oversee strategic planning, resource allocation, and digital-platform development.

Summary from 10-K filed 2026-04-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net operating revenue	107	113	116	115	108
Station operating expense	92	92	93	88	83
Corporate general and administrative	12	12	11	14	10
Depreciation and amortization	5	5	—	—	—
Other operating (income) expense, net	−12	1	120,000	−14,000	7,000
Impairment of goodwill	19	—	—	—	—
Impairment of intangible assets	1	—	—	—	—
Operating Expenses	118	111	104	102	93
Operating (loss) income	−11	2	11	13	15
Interest expense	434,000	348,000	173,000	130,000	284,000
Interest income	−904,000	−1	−1	−410,000	−16,000
Other income	−105,000	−2	−119,000	−652,000	−634,000
(Loss) income before income tax expense	−10	5	13	14	15
Current	2	1	3	4	4
Deferred	−4	−115,000	385,000	935,000	195,000
Total income tax provision	−3	1	3	5	4
Net (loss) income	−8	3	10	9	11
Basic (in dollars per share)	−1.22	0.55	1.55	1.52	1.85
Diluted (in dollars per share)	−1.22	0.55	1.55	1.52	1.85
Weighted average common shares	6	6	6	6	6
Weighted average common and common equivalent shares	6	6	6	6	6
Dividends declared per share (in dollars per share)	1	1.6	3	4.86	0.98

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2025 2025-09-30	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash and cash equivalents	23	—	19	30	37
Short-term investments	9	—	9	11	10
Accounts receivable, less allowance of $1,136 ($1,071 in 2024)	14	—	16	17	17
Prepaid expenses and other current assets	3	—	3	2	2
Barter transactions	707,000	—	752,000	843,000	1
Total current assets	49	—	47	61	68
Property and equipment	144	—	152	148	146
Less accumulated depreciation	98	—	100	97	93
Net property and equipment	46	—	52	51	53
Broadcast licenses	90	—	91	90	90
Goodwill	0	19	19	19	19
Operating right-of-use assets	10	—	7	—	—
Other intangibles, deferred costs and investments, net of accumulated amortization of $16,645 ($16,257 in 2024)	5	—	5	11	10
Total assets	201	—	222	232	241
Accounts payable	3	—	3	3	3
Accrued payroll and payroll taxes	5	—	6	5	6
Other accrued expenses	7	—	7	6	6
Barter transactions	794,000	—	930,000	924,000	987,000
Total current liabilities	16	—	17	28	29
Deferred income taxes	22	—	26	26	26
Long-term debt	5	—	5	—	—
Other liabilities	7	—	8	8	7
Total liabilities	50	—	56	62	62
Commitments and contingencies (Note 10, 12 and 14)	—	—	—	—	—
Preferred stock, 1,500 shares authorized, none issued and outstanding	—	—	—	—	—
Additional paid-in capital	76	—	74	73	72
Retained earnings	114	—	128	135	144
Treasury stock (1,959 shares in 2025 and 1,764 shares in 2024, at cost)	−38	—	−37	−37	−37
Total shareholders' equity	151	—	166	171	179
Total liabilities and shareholders' equity	201	—	222	232	241

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net (loss) income	−8	3	10	9	11
Amortization of deferred costs	45,000	36,000	36,000	10,000	37,000
Compensation expense related to restricted stock awards	2	2	1	2	1
Provision for credit losses	681,000	983,000	—	—	—
(Gain) Loss on sale of assets, net	−12	1	120,000	−14,000	7,000
(Gain) on insurance claims	−105,000	−383,000	—	−534,000	−589,000
Other (gain), net	—	−1	−119,000	−118,000	−45,000
Barter (revenue) expense, net	−93,000	89,000	50,000	46,000	−2,000
Deferred and other compensation	−175,000	−230,000	−100,000	1	−215,000
Changes in operating lease assets and liabilities (net)	11,000	−22,000	—	—	—
(Increase) decrease in current assets	823,000	1	—	—	—
(Decrease) increase in accounts payable, accrued expenses, and other liabilities	81,000	2	639,000	279,000	968,000
Total adjustments	13	10	6	8	8
Net cash provided by operating activities	5	14	15	17	19
Purchase of short-term investments	−18	−20	−21	−18	—
Redemption of short-term investments	18	21	21	8	—
Acquisition of property and equipment (Capital Expenditures)	−3	−4	−4	−6	−4
Acquisition of broadcast properties	—	−6	—	−57,000	−150,000
Proceeds from sale and disposal of assets	10	203,000	2	411,000	142,000
Proceeds from insurance claims, redemption of investments and other	105,000	2	—	—	—
Other investing activities	—	−3,000	117,000	116,000	40,000
Net cash provided by (used in) investing activities	7	−7	−2	−15	−3
Proceeds from long-term debt	—	5	—	—	—
Cash dividends paid	−6	−23	−20	−20	−2
Purchase of treasury shares	−3	−290,000	−227,000	−147,000	−435,000
Net cash used in financing activities	−9	−18	−20	−20	−12
Net increase (decrease) in cash and cash equivalents	4	−11	−7	−18	3

Filings

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Frequently asked questions

What is SAGA COMMUNICATIONS INC's CIK number?

SAGA COMMUNICATIONS INC's SEC CIK number is 0000886136 (886136). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find SAGA COMMUNICATIONS INC's SEC filings?

All of SAGA COMMUNICATIONS INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did SAGA COMMUNICATIONS INC last report earnings?

SAGA COMMUNICATIONS INC (SGA) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-056763). This is SAGA COMMUNICATIONS INC's most recent earnings filing of record — not a forecast of its next earnings date.

What is SAGA COMMUNICATIONS INC's most recent earnings 8-K?

SAGA COMMUNICATIONS INC's latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001104659-26-056763. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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