MDIA Mediaco Holding Inc.

Overview and Growth

In fiscal 2025, Mediaco Holding Inc. recorded $133.34M of revenue, net loss of $66.70M, and an operating cash inflow of $1.97M. At $133.34M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. The top line expanded 39.5% from $95.57M in fiscal 2024, increasing the company’s operating scale. On a per-share basis, diluted EPS was -$0.84, which connects the reported earnings outcome with the company’s diluted share count. Total assets stood at $291.06M, showing the scale of resources supporting revenue, earnings, liquidity, and financing. The revenue-to-assets relationship was 0.46x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

Direct costs exceeded revenue, producing a gross loss of $10.49M before operating expenses. Relative to revenue, the gross deficit measured 7.9% before operating expenses. The reported operating result was an operating loss of $24.76M, reflecting costs that exceeded gross profit. An operating margin of -18.6% reflected costs exceeding revenue-level gross profit by 18.6% of sales. After all below-operating-line items, the company recorded a net loss of $66.70M for the fiscal year. Measured against revenue, the bottom-line deficit represented 50.0% after all recognized items. The pretax result was a loss of $65.33M, establishing the deficit before tax effects. The pretax loss equaled 49.0% of revenue, measuring the pre-tax deficit against sales. The company recognized $895.00K of income tax for the period, completing the transition from pretax income to net income. The loss-to-equity relationship was 144.0%, placing the bottom-line deficit against shareholder capital. Relative to total assets, the net loss represented 22.9%. The bottom-line deficit increased from $1.30M in fiscal 2024 to $66.70M.

Liquidity and Capital Structure

Total assets were $291.06M, supported by $244.74M of liabilities and $46.31M of shareholder equity. Current assets were $42.07M against $91.06M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. The current ratio was 0.46x; current liabilities exceeded current assets, leaving a short-term liquidity deficit. Reported cash and equivalents were $5.11M, separating immediately recognizable cash resources from the rest of the current-asset base. The cash balance equaled 5.6% of current liabilities, showing how much near-term coverage came from cash alone. Borrowings totaled $73.28M, adding a fixed financing obligation alongside the company’s equity capital. Debt equaled 1.58x of book equity, describing the relative scale of borrowing and shareholder capital. Relative to total assets, debt measured 25.2%, showing how much of the asset base was matched by borrowing. Relative to total assets, liabilities measured 84.1%, complementing the separate equity-based view of the company’s capital structure. Measured against total assets, cash and equivalents represented 1.8%, a balance-sheet composition measure rather than a liquidity forecast. Total assets were 10.6% lower than fiscal 2024 assets of $325.50M, measuring the company’s own balance-sheet change. Against $82.52M of equity in fiscal 2024, the current book-equity balance moved 43.9% and ended lower. The reported cash balance changed 15.0% from $4.44M in fiscal 2024, ending higher year over year.

Cash Flow and Earnings Quality

The company reported $1.97M of operating cash flow, a cash inflow that shows the cash generated by operations. Capital expenditures used $774.00K, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital expenditures represented 39.3% of operating cash flow, leaving the remainder available as free cash flow. The combination of operating cash flow and capital spending produced $1.20M of positive free cash flow for the period. The free-cash-flow margin was 0.9%, measuring cash remaining after capital spending against revenue. Free cash flow equaled 0.4% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.