URBAN ONE, INC.

Listed Company

UONECIK 0001041657NasdaqNon-AcceleratedSmaller ReportingRadio Broadcasting StationsDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$-146.87M

Total Assets

$592.99M

Equity

$24.60M

Shares Out

—

Op. Cash Flow

$4.16M

Business

URBAN ONE, INC. is an urban-oriented multimedia company that primarily targets African-American and urban consumers and operates a leading radio broadcasting franchise. It offers radio broadcasting, cable television networks, nationally syndicated radio programming, and digital content and advertising services, including streaming and branded websites. The company’s key reportable segments are Radio Broadcasting, Cable Television (TV One and CLEO TV), Reach Media (syndication) and Digital (Interactive One). It distributes content across clusters of radio stations in major U.S. African-American markets, national syndication, cable distributors and online platforms.

Summary from filing dated 2025-03-27

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 REVENUE	374	450	478	485	440
Programming and technical, including stock-based compensation of $48, and $103, respectively	125	135	137	123	119
Selling, general and administrative, including stock-based compensation of $1,859 and $5,613, respectively	209	230	174	161	142
Depreciation and amortization	18	8	7	10	9
Impairment of goodwill and intangible assets	192	152	129	41	—
Total operating expenses	544	525	509	394	324
Operating loss	−170	−76	−32	91	116
INTEREST AND INVESTMENT INCOME	2	6	7	939,000	218,000
INTEREST EXPENSE	−39	−49	56	—	—
GAIN ON RETIREMENT OF DEBT	44	23	2	7	7
OTHER (EXPENSE) INCOME, NET	−463,000	896,000	96	16	−8
Loss from consolidated operations before benefit from (provision for) income taxes	−163	−94	18	53	52
BENEFIT FROM (PROVISION FOR) INCOME TAXES	16	−10	8	16	13
NET LOSS FROM CONSOLIDATED OPERATIONS	−147	−104	10	37	—
LOSS FROM UNCONSOLIDATED JOINT VENTURE	0	−411,000	−5	—	—
NET LOSS	−147	−104	5	37	39
NET (LOSS) INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS	−10,000	1	3	2	2
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	−147	−105	2	34	37
Basic (in dollars per share)	−32.94	−22.23	0.04	0.7	0.73
Diluted (in dollars per share)	−32.94	−22.23	0.04	0.66	0.68
Basic (in shares)	4	5	48	49	50
Diluted (in shares)	4	5	50	52	54

Consolidated Balance Sheet

As of · 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 2022 2022-09-30
Cash and cash equivalents	26	137	233	75	—
Restricted cash	843,000	484,000	480,000	26	—
Trade accounts receivable, net of allowance for expected credit losses of $4,178 and $4,553, respectively	89	114	133	142	128
Prepaid expenses	5	8	10	9	—
Current portion of content assets, net	39	37	30	34	—
Other current assets	5	9	16	9	8
Total current assets	164	305	422	295	286
CONTENT ASSETS, NET	73	87	82	86	—
PROPERTY AND EQUIPMENT, NET	33	28	29	28	—
RIGHT OF USE ASSETS, NET	35	31	32	32	34
GOODWILL, NET	132	196	217	217	—
RADIO BROADCASTING LICENSES, NET	—	258	375	488	496
OTHER INTANGIBLE ASSETS, NET	—	31	49	55	57
OTHER ASSETS	9	9	5	6	6
Total assets	593	945	1,211	1,345	1,323
Accounts payable	14	20	20	17	16
Accrued interest	1	18	22	23	—
Accrued compensation and related benefits	11	12	14	17	—
Reserve for audience deficiency	14	22	13	—	—
Short-term borrowings under the asset-backed facility	10	0	—	—	—
Current portion of content payables	9	14	22	27	—
Current portion of lease liabilities	7	7	11	9	—
Other current liabilities	12	20	30	40	39
Total current liabilities	78	114	133	133	113
LONG-TERM DEBT, net of original issue discount and issuance costs	430	579	716	739	—
CONTENT PAYABLES, net of current portion	5	6	3	10	—
LONG-TERM LEASE LIABILITIES	33	24	22	26	—
OTHER LONG-TERM LIABILITIES	8	13	25	35	—
DEFERRED TAX LIABILITIES, NET	12	29	21	39	31
Total liabilities	566	766	921	982	982
COMMITMENTS AND CONTINGENCIES (NOTE 17)	—	—	—	—	—
REDEEMABLE NON-CONTROLLING INTERESTS	3	8	17	32	22
Convertible preferred stock, $.001 par value, 1,000,000 shares authorized; no shares outstanding at December 31, 2025 and 2024	0	0	0	0	—
Treasury Stock, at cost 90,889 at each of December 31, 2025 and 2024, respectively	−1	−1	0	—	—
Additional paid-in capital	1,012	1,011	1,007	993	995
Accumulated deficit	−986	−839	−733	−736	−734
Total stockholders equity	25	171	274	331	318
Total liabilities, redeemable non-controlling interests and stockholders equity	593	945	1,211	1,345	1,323

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
Bad debt expense (recovery)	3	−355,000	3	2	2
Depreciation and amortization	18	8	7	10	9
Amortization of debt financing costs	2	2	2	2	2
Amortization of launch assets	3	5	5	4	2
Amortization of content assets	43	46	50	44	47
Deferred income taxes	−18	8	5	15	12
Non-cash fair value adjustment of Employment Agreement Award	−632,000	−10	169,000	2	6
Stock-based compensation expense	2	6	10	10	565,000
Other	142,000	659,000	4	—	—
Trade accounts receivable, net	22	19	9	−16	−23
Prepaid expenses and other current assets	2	3	−2	−7	7
Other assets	−244,000	−4	555,000	1	−14
Content assets and content payables	−37	−63	−54	—	—
Accounts payable	−8	−305,000	2	304,000	4
Accrued interest	−17	−4	−769,000	−2	—
Accrued compensation and related benefits	−851,000	−3	−4	6	−1
Reserve for audience deficiency	−8	10	3	—	—
Other liabilities	−3	−8	−9	−4	−1
Net cash flows provided by operating activities	4	37	65	67	80
Purchase of property and equipment	−10	−7	−8	−7	−6
Proceeds from sale of equity securities	0	829,000	0	—	—
Acquisition of stations and broadcasting assets	−250,000	−200,000	−28	−25	0
Cash receipts related to disposition of station	0	6	5	3	—
Investment in unconsolidated joint venture	0	−609,000	−5	—	—
Net cash flows used in investing activities	−10	−2	95	−29	2
Purchase of ownership interest in Reach Media	−3	−8	—	—	—
Repurchase of long-term debt	−52	−116	—	0	−58
Repurchase of common stock, including payments for taxes related to net share settlement of equity awards	−3	−8	−2	−27	−970,000
Proceeds from borrowings under the asset-backed facility	10	0	—	—	—
Payments on tender offer	−112	0	—	—	—
Proceeds from subscription offer, net of discount	60	0	—	—	—
Payments for debt issuance costs	−4	0	—	0	−11
Payment of dividends to non-controlling interest members of Reach Media	−936,000	−2	−4	−2	−2
Release of secured letters of credit deposit	0	1	0	—	—
Net cash flows used in financing activities	−105	−132	−28	−95	−4
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	−111	−96	132	−57	78
Cash paid for interest	54	51	55	62	46
Income taxes, net of refunds	82,000	2	2	2	1
Non-cash additions to property and equipment	2	0	—	—	—
Adjustment of redeemable non-controlling interests to estimated redemption value	−1	−345,000	−7	6	5
Operating right of use assets obtained in exchange for lease obligation	13	9	—	—	—
Settlement of stock-based compensation liability	700,000	5	3	—	—

Filings

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