iHeartMedia (IHRT) Financials

$4.75 +0.05 (+1.06%)

Closing price 05/20/2026 04:00 PM Eastern

Extended Trading

$4.75 0.00 (0.00%)

As of 05/20/2026 05:31 PM Eastern

Annual Income Statements for iHeartMedia

This table shows iHeartMedia's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2020	2021	2022	2023	2024	2025
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-794	-755	-302	-398	-202	-1,915	-159	-265	-1,103	-1,010	-473
Consolidated Net Income / (Loss)	-762	-738	-247	-459	-203	-1,915	-158	-263	-1,100	-1,009	-472
Net Income / (Loss) Continuing Operations	-762	-738	-247	-656	-38	-1,915	-158	-263	-1,100	-1,009	-472
Total Pre-Tax Income	-704	-651	-296	-833	-24	-2,099	-150	-258	-1,163	-1,168	-474
Total Operating Income	1,082	1,149	1,499	701	690	-1,738	155	57	-797	-763	-21
Total Gross Profit	6,319	6,242	6,251	3,587	3,611	2,948	3,558	3,912	3,751	3,855	3,865
Total Revenue	6,319	6,242	6,251	3,587	3,611	2,948	3,558	3,912	3,751	3,855	3,865
Operating Revenue	6,319	6,242	6,251	3,587	3,611	2,948	3,558	3,912	3,751	3,855	3,865
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	5,237	5,092	4,752	2,886	2,921	4,686	3,403	3,855	4,548	4,618	3,886
Selling, General & Admin Expense	2,002	2,019	2,067	1,555	1,534	1,395	1,519	1,593	1,656	1,694	1,688
Depreciation Expense	711	674	635	275	212	403	469	446	428	410	360
Other Operating Expenses / (Income)	2,500	2,377	2,041	1,050	1,142	1,149	1,357	1,505	1,499	1,592	1,624
Impairment Charge	24	22	8.00	6.04	33	1,739	58	311	965	923	214
Total Other Income / (Expense), net	-1,785	-1,800	-1,795	-1,534	-714	-361	-305	-315	-365	-405	-453
Interest Expense	1,785	1,808	1,693	-	-	0.00	12	-30	-57	97	1.58
Interest & Investment Income	-9.42	-0.90	-17	-1,490	-335	-353	-290	-343	-421	-307	-453
Other Income / (Expense), net	9.10	8.64	-86	-44	-379	-7.75	-3.38	-2.30	-0.66	-0.93	1.09
Income Tax Expense	58	87	-50	-177	14	-184	8.39	4.72	-62	-158	-1.80
Net Income / (Loss) Attributable to Noncontrolling Interest	32	17	55	-61	-0.73	-0.52	0.81	1.99	2.32	0.45	0.98
Basic Earnings per Share	($9.46)	($8.96)	($3.57)	($4.68)	($2.36)	($13.12)	($1.09)	($1.79)	($7.39)	($6.68)	($3.06)
Weighted Average Basic Shares Outstanding	83.94M	84.28M	84.57M	84.97M	85.41M	145.98M	146.73M	148.06M	149.26M	151.27M	154.30M
Diluted Earnings per Share	($9.46)	($8.96)	($3.57)	($4.68)	($2.36)	($13.12)	($1.09)	($1.79)	($7.39)	($6.68)	($3.06)
Weighted Average Diluted Shares Outstanding	83.94M	84.28M	84.57M	84.97M	85.41M	145.98M	146.73M	148.06M	149.26M	151.27M	154.30M
Weighted Average Basic & Diluted Shares Outstanding	88.83M	89.59M	90.72M	85.80M	85.60M	140.01M	141.86M	143.25M	144.75M	152.22M	155.68M

This table shows iHeartMedia's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-9.05	13	-19	-982	-41	31	-281	-83	-66	-42	-95
Consolidated Net Income / (Loss)	-8.97	14	-18	-982	-41	32	-281	-84	-66	-41	-96
Net Income / (Loss) Continuing Operations	-8.97	14	-18	-982	-41	32	-281	-84	-66	-41	-96
Total Pre-Tax Income	-18	-19	-39	-1,006	-20	-103	-146	-66	-231	-31	-95
Total Operating Income	69	80	-35	-910	77	105	-25	35	-116	86	1.49
Total Gross Profit	573	1,447	799	929	598	1,528	807	934	997	1,127	884
Total Revenue	953	1,067	799	929	1,008	1,118	807	934	997	1,127	884
Operating Revenue	953	1,067	799	929	1,008	1,118	807	934	997	1,127	884
Total Cost of Revenue	380	-380	0.00	0.00	410	-410	0.00	0.00	0.00	-	0.00
Total Operating Expenses	504	1,367	834	1,839	522	1,423	833	898	1,113	1,042	883
Selling, General & Admin Expense	394	466	385	432	419	458	381	413	414	479	426
Depreciation Expense	106	105	105	104	101	99	92	90	90	88	81
Other Operating Expenses / (Income)	3.38	796	342	383	1.09	866	357	392	400	474	375
Impairment Charge	0.57	-	1.51	920	0.41	0.54	2.86	2.55	209	-	0.00
Total Other Income / (Expense), net	-87	-99	-4.06	-96	-97	-207	-120	-101	-115	-117	-97
Interest & Investment Income	-110	-104	-3.57	-96	-98	-109	-119	-102	-115	-117	-96
Other Income / (Expense), net	-0.74	0.45	-0.50	-0.23	1.20	-1.39	-1.16	1.00	-0.02	0.07	-0.32
Income Tax Expense	-9.26	-33	-21	-24	21	-135	135	18	-166	10	0.29
Net Income / (Loss) Attributable to Noncontrolling Interest	0.08	0.85	0.40	-0.33	-0.06	0.44	0.34	-0.51	0.50	0.64	-0.40
Basic Earnings per Share	($0.06)	$0.10	($0.12)	($6.50)	($0.27)	$0.21	($1.84)	($0.54)	($0.43)	($0.25)	($0.61)
Weighted Average Basic Shares Outstanding	149.70M	149.26M	149.80M	151.14M	151.99M	151.27M	152.48M	154.28M	155.19M	154.30M	155.79M
Diluted Earnings per Share	($0.06)	$0.10	($0.12)	($6.50)	($0.27)	$0.21	($1.84)	($0.54)	($0.43)	($0.25)	($0.61)
Weighted Average Diluted Shares Outstanding	149.70M	149.26M	149.80M	151.14M	151.99M	151.27M	152.48M	154.28M	155.19M	154.30M	155.79M
Weighted Average Basic & Diluted Shares Outstanding	144.66M	144.75M	144.80M	146.81M	147.07M	152.22M	147.62M	150.14M	150.16M	155.68M	151.15M

This table details how cash moves in and out of iHeartMedia's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2020	2021	2022	2023	2024	2025
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-251	316	100	-555	119	310	-369	-16	9.72	-87	11
Net Cash From Operating Activities	245	-77	-16	-491	967	216	331	420	213	71	93
Net Cash From Continuing Operating Activities	245	-77	-16	-619	741	216	331	420	213	71	93
Net Income / (Loss) Continuing Operations	-762	-738	-247	-656	-38	-1,915	-158	-263	-1,100	-1,009	-472
Consolidated Net Income / (Loss)	-762	-738	-247	-459	-203	-1,915	-158	-263	-1,100	-1,009	-472
Depreciation Expense	711	674	635	275	212	403	469	446	428	410	360
Amortization Expense	90	64	70	47	12	4.76	5.93	6.23	6.74	5.61	3.01
Non-Cash Adjustments To Reconcile Net Income	43	-65	-412	-6.35	301	1,806	66	315	953	844	170
Changes in Operating Assets and Liabilities, net	164	-13	-62	-279	255	-83	-52	-85	-75	-179	31
Net Cash From Investing Activities	-89	30	533	-215	-345	-148	-347	-129	-51	0.51	-66
Net Cash From Continuing Investing Activities	-89	30	533	-60	-142	-148	-347	-129	-51	0.51	-66
Purchase of Property, Plant & Equipment	-323	-326	-319	-68	-85	-85	-183	-161	-103	-98	-82
Sale of Property, Plant & Equipment	10	414	857	11	19	2.04	37	37	57	3.15	22
Sale and/or Maturity of Investments	237	0.58	5.37	-	-	1.00	51	0.90	3.86	102	1.66
Other Investing Activities, net	-5.19	-30	-2.77	-3.38	-1.52	-3.60	-6.18	-5.99	-9.48	-6.81	-7.76
Net Cash From Financing Activities	-398	377	-418	151	-492	241	-352	-306	-152	-158	-15
Net Cash From Continuing Financing Activities	-398	377	-418	50	-481	241	-352	-306	-152	-158	-15
Repayment of Debt	-2,415	-1,072	-435	-49	-624	-539	-352	-305	-150	-154	-114
Payment of Dividends	-40	-31	-90	-0.37	-	-	-	-0.79	-2.53	-4.56	-1.64
Issuance of Debt	2,132	1,523	107	100	143	780	-	-	0.00	0.00	100
Effect of Exchange Rate Changes	-9.56	-15	-	-	-10	0.26	-0.29	-0.63	0.15	-0.39	0.31
Cash Interest Paid	1,541	1,687	1,765	1,772	398	357	328	342	393	427	361
Cash Income Taxes Paid	53	52	45	36	34	5.84	11	35	14	13	16

This table details how cash moves in and out of iHeartMedia's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	48	133	15	3.34	67	-172	-92	68	-44	79	-136
Net Cash From Operating Activities	96	154	-59	27	103	1.21	-61	6.82	-9.55	156	-93
Net Cash From Continuing Operating Activities	96	154	-59	27	103	1.21	-61	6.82	-9.55	156	-93
Net Income / (Loss) Continuing Operations	-8.97	14	-18	-982	-41	32	-281	-84	-66	-41	-96
Consolidated Net Income / (Loss)	-8.97	14	-18	-982	-41	32	-281	-84	-66	-41	-96
Depreciation Expense	106	105	105	104	101	99	92	90	90	88	81
Amortization Expense	1.70	1.71	1.73	1.75	1.77	0.36	0.74	0.75	0.76	0.76	0.76
Non-Cash Adjustments To Reconcile Net Income	-6.57	-15	-88	930	-1.03	4.13	6.85	5.69	220	-78	-31
Changes in Operating Assets and Liabilities, net	3.56	48	-60	-28	42	-134	120	-6.00	-255	187	-48
Net Cash From Investing Activities	19	-11	78	-22	-32	-23	-20	-21	-17	-8.36	-24
Net Cash From Continuing Investing Activities	19	-11	78	-22	-32	-23	-20	-21	-17	-8.36	-24
Purchase of Property, Plant & Equipment	-29	-12	-22	-21	-29	-25	-20	-20	-23	-19	-22
Other Investing Activities, net	-2.55	-2.74	-1.81	-1.32	-2.93	-0.49	-0.34	-1.24	5.04	-11	-1.61
Net Cash From Financing Activities	-67	-10	-3.55	-1.27	-3.63	-150	-11	82	-17	-69	-20
Net Cash From Continuing Financing Activities	-67	-10	-3.55	-1.27	-3.63	-150	-11	82	-17	-69	-20
Repayment of Debt	-66	-9.88	-0.15	-0.88	-3.24	-150	-11	-18	-16	-69	-19
Payment of Dividends	-1.57	-0.32	-3.40	-0.39	-0.39	-0.39	-0.39	-0.48	-0.38	-0.39	-0.88
Effect of Exchange Rate Changes	-0.20	0.34	-0.17	0.02	-	-0.49	0.18	0.26	-0.13	-0.00	-0.21
Cash Interest Paid	109	88	106	88	108	126	77	82	120	83	114
Cash Income Taxes Paid	2.25	0.75	1.03	1.68	0.97	9.72	2.14	31	-0.17	-17	0.12

This table presents iHeartMedia's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	13,673	12,862	12,260	12,270	11,021	9,203	8,881	8,336	6,953	5,572	5,126
Total Current Assets	2,778	2,505	2,067	2,235	1,416	1,619	1,473	1,473	1,507	1,362	1,459
Cash & Equivalents	773	845	267	224	400	721	352	336	346	260	271
Accounts Receivable	1,442	1,364	1,508	869	903	801	1,030	1,038	1,041	993	959
Prepaid Expenses	189	185	209	100	72	80	66	79	93	97	190
Other Current Assets	79	55	83	27	41	17	24	20	26	12	39
Plant, Property, & Equipment, net	2,213	1,948	1,885	502	847	812	782	695	559	490	398
Total Noncurrent Assets	8,682	8,409	8,308	9,532	8,758	6,772	6,626	6,168	4,887	3,720	3,268
Goodwill	4,129	4,067	4,051	3,413	3,326	2,146	2,314	2,313	1,721	1,105	1,105
Intangible Assets	4,338	4,115	3,979	2,618	4,454	3,695	3,445	2,896	2,287	1,738	1,315
Other Noncurrent Operating Assets	215	227	278	150	978	932	868	959	878	877	848
Total Liabilities & Shareholders' Equity	13,673	12,862	12,260	12,270	11,021	9,203	8,881	8,336	6,953	5,572	5,126
Total Liabilities	24,280	23,748	23,605	23,830	8,076	8,152	7,966	7,651	7,337	6,943	6,953
Total Current Liabilities	1,659	1,675	16,355	1,248	667	718	849	832	848	870	967
Short-Term Debt	182	343	14,972	46	8.91	35	0.67	0.66	0.34	23	73
Accounts Payable	153	143	163	49	117	149	206	240	236	253	271
Accrued Expenses	834	725	769	298	240	266	353	325	318	348	297
Current Deferred Revenue	211	200	-	123	140	123	133	131	159	154	190
Other Current Liabilities	-	-	182	0.00	78	77	89	70	74	70	61
Other Current Nonoperating Liabilities	279	264	268	731	84	68	68	64	62	23	74
Total Noncurrent Liabilities	22,621	22,073	7,250	22,582	7,408	7,434	7,116	6,820	6,489	6,073	5,986
Long-Term Debt	20,539	20,022	5,677	0.00	5,757	5,982	5,738	5,414	5,215	5,049	4,980
Noncurrent Deferred & Payable Income Tax Liabilities	1,555	1,457	963	0.00	737	556	558	484	340	103	87
Other Noncurrent Operating Liabilities	527	594	611	16,710	914	131	820	922	934	921	919
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-10,607	-10,885	-11,344	-11,560	2,945	1,051	916	685	-385	-1,372	-1,827
Total Preferred & Common Equity	-10,784	-11,021	-11,386	-11,591	2,936	1,043	907	675	-394	-1,377	-1,832
Preferred Stock	-	-	-	0.00	0.00	0.06	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-10,784	-11,021	-11,386	-11,591	2,936	1,042	907	675	-394	-1,377	-1,832
Common Stock	2,069	2,071	2,073	2,075	2,827	2,849	2,877	2,913	2,947	2,976	2,995
Retained Earnings	-12,437	-12,734	-13,142	-13,345	113	-1,804	-1,963	-2,227	-3,330	-4,340	-4,813
Accumulated Other Comprehensive Income / (Loss)	-414	-356	-314	-318	-0.75	0.19	-0.26	-1.33	-1.13	-1.89	-1.88
Other Equity Adjustments	-	-	-	-	-	-	-6.28	-8.93	-10	-11	-12
Noncontrolling Interest	178	136	41	31	9.12	8.35	8.41	9.61	9.40	5.29	4.63

This table presents iHeartMedia's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	6,984	6,878	6,758	5,769	5,779	5,268	5,379	5,089	4,888
Total Current Assets	1,336	1,349	1,413	1,422	1,508	1,160	1,348	1,354	1,285
Cash & Equivalents	165	213	361	365	432	168	236	192	135
Accounts Receivable	1,005	984	878	898	894	818	879	846	854
Prepaid Expenses	127	137	135	140	148	140	150	216	242
Other Current Assets	39	15	38	19	34	34	83	100	54
Plant, Property, & Equipment, net	650	581	529	511	500	465	451	437	385
Total Noncurrent Assets	4,998	4,948	4,816	3,836	3,771	3,644	3,580	3,298	3,218
Goodwill	1,721	1,721	1,721	1,105	1,105	1,105	1,106	1,105	1,105
Intangible Assets	2,409	2,347	2,226	1,860	1,799	1,684	1,630	1,368	1,265
Other Noncurrent Operating Assets	867	879	869	870	867	855	844	824	848
Total Liabilities & Shareholders' Equity	6,984	6,878	6,758	5,769	5,779	5,268	5,379	5,089	4,888
Total Liabilities	7,387	7,284	7,157	7,144	7,188	6,914	7,106	6,877	6,810
Total Current Liabilities	731	743	702	739	780	730	899	852	864
Short-Term Debt	0.44	0.39	0.29	0.62	1.06	23	74	74	75
Accounts Payable	200	180	215	222	236	210	217	219	280
Accrued Expenses	232	262	196	221	259	209	288	281	198
Current Deferred Revenue	160	172	163	160	163	166	179	154	192
Other Current Liabilities	76	76	74	73	70	69	67	67	62
Other Current Nonoperating Liabilities	62	53	53	62	52	54	74	58	58
Total Noncurrent Liabilities	6,656	6,542	6,455	6,405	6,408	6,184	6,206	6,025	5,946
Long-Term Debt	5,316	5,228	5,217	5,218	5,221	5,032	5,064	5,047	4,962
Noncurrent Deferred & Payable Income Tax Liabilities	425	377	316	275	273	239	246	84	81
Other Noncurrent Operating Liabilities	915	936	923	912	915	913	897	894	903
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-403	-407	-399	-1,375	-1,409	-1,646	-1,726	-1,789	-1,922
Total Preferred & Common Equity	-414	-416	-405	-1,380	-1,415	-1,651	-1,731	-1,793	-1,925
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-414	-416	-405	-1,380	-1,415	-1,651	-1,731	-1,793	-1,925
Common Stock	2,932	2,939	2,955	2,962	2,969	2,983	2,988	2,992	2,999
Retained Earnings	-3,334	-3,343	-3,349	-4,330	-4,372	-4,621	-4,705	-4,771	-4,908
Accumulated Other Comprehensive Income / (Loss)	-1.45	-1.79	-1.35	-1.60	-1.33	-1.78	-1.50	-1.79	-2.17
Other Equity Adjustments	-9.89	-10	-10	-11	-11	-12	-12	-12	-14
Noncontrolling Interest	10	8.87	6.40	5.68	5.24	5.25	4.25	4.37	3.36

This table displays calculated financial ratios and metrics derived from iHeartMedia's official financial filings.

Metric	2014	2015	2016	2017	2018	2020	2021	2022	2023	2024	2025
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	0.00	89,586,973.00	90,664,425.00	91,602,899.00	91,061,075.00	70,416,484.00	141,811,539.00	143,239,088.00	144,656,869.00	-	150,158,520.00
DEI Adjusted Shares Outstanding	0.00	89,586,973.00	90,664,425.00	91,602,899.00	91,061,075.00	70,416,484.00	141,811,539.00	143,239,088.00	144,656,869.00	-	150,158,520.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	-8.43	-3.33	-4.35	-2.22	-27.19	-1.12	-1.85	-7.62	-	-3.15
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	757	805	1,049	491	483	-1,216	108	40	-558	-534	-14
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	0.65%	-11.55%	-14.44%	-0.45%
Earnings before Interest and Taxes (EBIT)	1,091	1,158	1,413	657	311	-1,745	151	55	-798	-764	-20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,891	1,896	2,118	979	535	-1,338	627	506	-363	-349	344
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,575	1,936	1,532	28	19,292	0.00	918	584	722	549	419
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	10,457	9,325	8,843	9,306	-9,503	7,180	6,370	5,827	4,546	3,463	3,029
Increase / (Decrease) in Invested Capital	-818	-1,131	-482	463	-18,809	0.00	-809	-544	-1,281	-1,083	-433
Book Value per Share	($117.81)	($120.38)	($121.56)	($124.29)	($127.29)	$14.80	$6.40	$4.71	($2.72)	($9.36)	($12.20)
Tangible Book Value per Share	($223.51)	($214.89)	($211.81)	($211.96)	($193.52)	($68.14)	($34.21)	($31.66)	($30.44)	($28.69)	($28.32)
Total Capital	10,661	10,114	9,480	9,305	-11,514	7,832	6,655	6,099	4,830	3,700	3,226
Total Debt	20,326	20,721	20,365	20,649	46	6,781	5,739	5,414	5,215	5,071	5,053
Total Long-Term Debt	20,322	20,539	20,022	5,677	0.00	6,747	5,738	5,414	5,215	5,049	4,980
Net Debt	19,869	19,948	19,520	20,382	-178	6,061	5,387	5,078	4,869	4,812	4,782
Capital Expenditures (CapEx)	312	-89	-538	57	66	83	146	124	46	94	60
Debt-free, Cash-free Net Working Capital (DFCFNWC)	325	528	328	418	809	215	272	305	312	254	294
Debt-free Net Working Capital (DFNWC)	782	1,300	1,173	685	1,033	936	624	642	659	514	565
Net Working Capital (NWC)	778	1,119	830	-14,287	987	901	623	641	658	492	492
Net Nonoperating Expense (NNE)	1,519	1,542	1,296	949	686	699	267	302	542	475	457
Net Nonoperating Obligations (NNO)	20,122	19,932	19,729	20,650	2,058	6,129	5,455	5,142	4,931	4,834	4,856
Total Depreciation and Amortization (D&A)	801	738	705	322	224	408	475	452	435	415	363
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($9.46)	($8.95)	($3.50)	($4.64)	($2.36)	($13.12)	($1.09)	($1.79)	($7.39)	($6.68)	($3.06)
Adjusted Weighted Average Basic Shares Outstanding	83.94M	84.28M	84.57M	84.97M	85.41M	145.98M	146.73M	148.06M	149.26M	151.27M	154.30M
Adjusted Diluted Earnings per Share	($9.46)	($8.95)	($3.50)	($4.64)	($2.36)	($13.12)	($1.09)	($1.79)	($7.39)	($6.68)	($3.06)
Adjusted Weighted Average Diluted Shares Outstanding	83.94M	84.28M	84.57M	84.97M	85.41M	145.98M	146.73M	148.06M	149.26M	151.27M	154.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	88.83M	89.59M	90.72M	85.80M	90.99M	140.01M	141.86M	143.25M	144.75M	152.22M	155.68M
Normalized Net Operating Profit after Tax (NOPAT)	774	820	1,055	495	506	0.79	149	258	117	112	135
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from iHeartMedia's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	144,516,564.00	144,656,869.00	144,746,645.00	144,798,362.00	146,806,936.00	-	152,218,713.00	147,621,989.00	150,142,279.00	150,158,520.00	155,680,711.00
DEI Adjusted Shares Outstanding	144,516,564.00	144,656,869.00	144,746,645.00	144,798,362.00	146,806,936.00	-	152,218,713.00	147,621,989.00	150,142,279.00	150,158,520.00	155,680,711.00
DEI Earnings Per Adjusted Shares Outstanding	-0.06	0.09	-0.13	-6.78	-0.28	-	-1.85	-0.57	-0.44	-0.28	-0.61
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.63%	-5.25%	-1.50%	0.99%	5.79%	4.83%	1.01%	0.49%	-1.10%	-	9.55%
EBITDA Growth	274.95%	-34.64%	17.12%	-2.04%	2.63%	7.92%	-6.20%	115.86%	-114.07%	-	26.13%
EBIT Growth	132.22%	-53.78%	28.10%	-1.39%	14.20%	28.57%	27.86%	104.00%	-249.26%	-	104.38%
NOPAT Growth	132.66%	-63.79%	28.97%	-1.39%	11.24%	31.04%	26.72%	103.89%	-251.56%	-	105.84%
Net Income Growth	97.10%	-82.67%	91.86%	-11.21%	-360.75%	128.47%	-1,451.15%	91.45%	-59.13%	-	65.96%
EPS Growth	97.13%	-81.13%	92.00%	-9.61%	-350.00%	110.00%	-1,433.33%	91.69%	-59.26%	-	66.85%
Operating Cash Flow Growth	-6.73%	-27.78%	36.93%	-52.92%	6.86%	-99.21%	-2.81%	-74.48%	-109.29%	-	-51.84%
Free Cash Flow Firm Growth	649.43%	91.44%	90.75%	-26.05%	-1.48%	-13.46%	-0.50%	-49.90%	-88.01%	-	-78.40%
Invested Capital Growth	-21.19%	-21.98%	-21.39%	-26.37%	-26.36%	-23.83%	-26.94%	-8.24%	-6.85%	-	-7.82%
Revenue Q/Q Growth	3.58%	11.94%	-25.10%	16.28%	8.51%	10.92%	-27.83%	15.68%	6.79%	-	-21.56%
EBITDA Q/Q Growth	122.39%	6.25%	-61.75%	-1,221.24%	122.52%	11.73%	-66.75%	89.59%	-119.98%	-	-52.19%
EBIT Q/Q Growth	107.60%	17.60%	-143.88%	-2,484.64%	108.56%	32.39%	-124.62%	243.22%	-419.71%	-	-98.64%
NOPAT Q/Q Growth	107.69%	15.68%	-143.50%	-2,520.91%	108.43%	36.27%	-124.33%	239.07%	-428.74%	-	-98.27%
Net Income Q/Q Growth	98.98%	255.81%	-229.57%	-5,322.96%	95.79%	177.26%	-979.74%	70.10%	21.70%	-	-131.77%
EPS Q/Q Growth	98.99%	266.67%	-220.00%	-5,316.67%	95.85%	177.78%	-976.19%	70.65%	20.37%	-	-144.00%
Operating Cash Flow Q/Q Growth	69.40%	60.24%	-138.47%	145.09%	284.47%	-98.82%	-5,128.38%	111.19%	-239.99%	-	-159.22%
Free Cash Flow Firm Q/Q Growth	52.39%	2.66%	-9.98%	-47.49%	103.00%	-9.82%	3.51%	-73.56%	-51.44%	-	-47.59%
Invested Capital Q/Q Growth	-3.10%	-2.47%	-0.79%	-21.48%	-3.08%	0.89%	-4.84%	-1.38%	-1.62%	-	0.27%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	60.13%	135.62%	100.00%	100.00%	59.36%	136.64%	100.00%	100.00%	100.00%	-	100.00%
EBITDA Margin	18.51%	17.57%	8.97%	-86.51%	17.96%	18.09%	8.33%	13.66%	-2.55%	-	9.42%
Operating Margin	7.24%	7.48%	-4.34%	-97.91%	7.61%	9.35%	-3.15%	3.79%	-11.66%	-	0.17%
EBIT Margin	7.16%	7.52%	-4.41%	-97.93%	7.73%	9.22%	-3.15%	3.90%	-11.66%	-	0.13%
Profit (Net Income) Margin	-0.94%	1.31%	-2.27%	-105.69%	-4.10%	2.86%	-34.80%	-9.00%	-6.60%	-	-10.81%
Tax Burden Percent	49.20%	-74.14%	46.71%	97.62%	201.68%	-31.09%	193.01%	127.77%	28.42%	-	100.30%
Interest Burden Percent	-26.72%	-23.49%	110.13%	110.56%	-26.30%	-99.55%	573.00%	-180.72%	198.96%	-	-8,175.73%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Return on Invested Capital (ROIC)	3.65%	3.79%	-2.22%	-61.52%	5.01%	6.30%	-2.18%	3.02%	-9.50%	-	0.15%
ROIC Less NNEP Spread (ROIC-NNEP)	2.55%	2.95%	-2.10%	-68.33%	3.09%	5.45%	-7.53%	0.82%	-9.18%	-	-1.81%
Return on Net Nonoperating Assets (RNNOA)	142.34%	99.30%	-290.96%	389.27%	-16.85%	-30.32%	36.25%	-2.62%	28.21%	-	5.01%
Return on Equity (ROE)	145.99%	103.08%	-293.18%	327.75%	-11.84%	-24.02%	34.07%	0.40%	18.71%	-	5.16%
Cash Return on Invested Capital (CROIC)	14.38%	13.93%	13.26%	17.04%	16.74%	13.71%	17.61%	12.53%	7.06%	-	8.27%
Operating Return on Assets (OROA)	3.59%	3.69%	-2.23%	-57.56%	4.64%	5.68%	-2.02%	2.70%	-8.28%	-	0.10%
Return on Assets (ROA)	-0.47%	0.64%	-1.15%	-62.12%	-2.46%	1.76%	-22.35%	-6.24%	-4.68%	-	-8.40%
Return on Common Equity (ROCE)	131.92%	96.55%	-230.87%	330.71%	-11.94%	-24.23%	34.26%	0.40%	18.77%	-	5.17%
Return on Equity Simple (ROE_SIMPLE)	248.66%	0.00%	221.27%	0.00%	0.00%	0.00%	77.04%	0.00%	0.00%	-	0.00%
Net Operating Profit after Tax (NOPAT)	48	56	-24	-637	54	73	-18	25	-81	60	1.04
NOPAT Margin	5.07%	5.24%	-3.04%	-68.54%	5.33%	6.54%	-2.21%	2.65%	-8.16%	-	0.12%
Net Nonoperating Expense Percent (NNEP)	1.10%	0.83%	-0.12%	6.82%	1.92%	0.84%	5.34%	2.20%	-0.32%	-	1.95%
Return On Investment Capital (ROIC_SIMPLE)	-	1.16%	-0.50%	-16.56%	1.41%	1.98%	-0.52%	0.73%	-2.44%	1.86%	0.03%
Cost of Revenue to Revenue	39.87%	-35.62%	0.00%	0.00%	40.64%	-36.64%	0.00%	0.00%	0.00%	-	0.00%
SG&A Expenses to Revenue	41.30%	43.68%	48.20%	46.46%	41.55%	40.96%	47.18%	44.24%	41.57%	-	48.20%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Operating Expenses to Revenue	52.89%	128.14%	104.34%	197.91%	51.75%	127.29%	103.15%	96.21%	111.66%	-	99.83%
Earnings before Interest and Taxes (EBIT)	68	80	-35	-910	78	103	-25	36	-116	86	1.17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	176	187	72	-804	181	202	67	127	-25	174	83
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Price to Revenue (P/Rev)	0.12	0.10	0.08	0.04	0.07	0.08	0.07	0.07	0.11	-	0.12
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.18	1.16	1.15	1.42	1.48	1.48	1.56	1.59	1.68	-	1.76
Enterprise Value to Revenue (EV/Rev)	1.44	1.40	1.38	1.34	1.33	1.33	1.33	1.34	1.39	-	1.36
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	8.94	14.44	-	14.86
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	26.90	0.00	-	652.61
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	38.60	0.00	-	1,219.27
Enterprise Value to Operating Cash Flow (EV/OCF)	20.13	24.71	20.84	23.05	22.59	71.52	73.73	103.62	0.00	-	87.89
Enterprise Value to Free Cash Flow (EV/FCFF)	7.21	7.29	7.60	7.05	7.48	9.30	7.48	12.14	22.93	-	20.46
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-12.85	-13.55	-13.09	-3.80	-3.71	-3.70	-3.07	-2.98	-2.86	-	-2.62
Long-Term Debt to Equity	-12.85	-13.55	-13.09	-3.80	-3.70	-3.68	-3.06	-2.93	-2.82	-	-2.58
Financial Leverage	55.86	33.60	138.74	-5.70	-5.46	-5.56	-4.82	-3.19	-3.07	-	-2.77
Leverage Ratio	81.76	51.00	201.74	-7.17	-6.97	-7.13	-5.88	-3.60	-3.40	-	-2.85
Compound Leverage Factor	-21.85	-11.98	222.17	-7.93	1.83	7.10	-33.70	6.50	-6.76	-	232.70
Debt to Total Capital	108.44%	107.97%	108.27%	135.76%	136.97%	137.08%	148.30%	150.60%	153.69%	-	161.70%
Short-Term Debt to Total Capital	0.01%	0.01%	0.01%	0.02%	0.03%	0.61%	0.66%	2.16%	2.21%	-	2.40%
Long-Term Debt to Total Capital	108.43%	107.96%	108.27%	135.74%	136.94%	136.47%	147.63%	148.44%	151.48%	-	159.30%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Noncontrolling Interests to Total Capital	0.18%	0.19%	0.13%	0.15%	0.14%	0.14%	0.15%	0.12%	0.13%	-	0.11%
Common Equity to Total Capital	-8.62%	-8.16%	-8.41%	-35.91%	-37.11%	-37.22%	-48.45%	-50.73%	-53.82%	-	-61.81%
Debt to EBITDA	-19.85	-14.38	-14.81	-14.17	-14.36	-14.54	-14.31	8.89	13.78	-	13.96
Net Debt to EBITDA	-19.04	-13.42	-13.78	-13.18	-13.17	-13.79	-13.83	8.48	13.26	-	13.59
Long-Term Debt to EBITDA	-19.85	-14.38	-14.81	-14.17	-14.36	-14.47	-14.24	8.76	13.58	-	13.75
Debt to NOPAT	-10.61	-9.34	-9.52	-9.37	-9.47	-9.49	-9.58	38.38	-4,077.35	-	1,145.82
Net Debt to NOPAT	-10.17	-8.72	-8.86	-8.72	-8.69	-9.01	-9.26	36.62	-3,924.27	-	1,115.09
Long-Term Debt to NOPAT	-10.61	-9.34	-9.52	-9.37	-9.47	-9.45	-9.54	37.83	-4,018.65	-	1,128.82
Altman Z-Score	0.05	0.05	-0.01	-0.77	-0.18	-0.21	-0.39	-0.36	-0.47	-	-0.46
Noncontrolling Interest Sharing Ratio	9.64%	6.34%	21.25%	-0.90%	-0.78%	-0.84%	-0.57%	-0.32%	-0.30%	-	-0.24%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.82	1.78	2.01	1.92	1.93	1.56	1.59	1.50	1.59	-	1.49
Quick Ratio	1.61	1.64	1.77	1.71	1.70	1.44	1.35	1.24	1.22	-	1.14
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,302	1,336	1,203	632	1,283	1,157	1,197	317	154	493	259
Operating Cash Flow to CapEx	0.00%	1,646.59%	-274.66%	126.25%	349.30%	5.38%	-308.89%	34.11%	-41.04%	-	-422.31%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	11.89	1,000.07	1,203.53	1,410.29	-	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.01	-50.91	25.94	-87.61	-	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	-0.22	-67.40	-50.10	-301.06	-	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.50	0.49	0.51	0.59	0.60	0.62	0.64	0.69	0.71	-	0.78
Accounts Receivable Turnover	3.88	3.61	4.12	3.94	4.05	3.79	4.56	4.35	4.43	-	4.72
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Fixed Asset Turnover	5.99	5.98	6.21	6.46	7.04	7.35	7.77	8.04	8.23	-	9.28
Accounts Payable Turnover	0.04	0.00	0.00	0.00	0.14	0.00	0.00	0.00	0.00	-	0.00
Days Sales Outstanding (DSO)	94.12	101.15	88.53	92.68	90.14	96.33	80.13	83.89	82.37	-	77.36
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Days Payable Outstanding (DPO)	8,479.55	0.00	0.00	0.00	2,548.81	0.00	0.00	0.00	0.00	-	0.00
Cash Conversion Cycle (CCC)	-8,385.42	101.15	88.53	92.68	-2,458.67	96.33	80.13	83.89	82.37	-	77.36
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,661	4,546	4,510	3,541	3,432	3,463	3,295	3,250	3,197	3,029	3,038
Invested Capital Turnover	0.72	0.72	0.73	0.90	0.94	0.96	0.99	1.14	1.16	-	1.25
Increase / (Decrease) in Invested Capital	-1,254	-1,281	-1,227	-1,269	-1,229	-1,083	-1,215	-292	-235	-433	-258
Enterprise Value (EV)	5,481	5,264	5,164	5,018	5,067	5,108	5,143	5,166	5,363	-	5,360
Market Capitalization	457	386	303	158	272	291	251	260	431	-	455
Book Value per Share	($2.88)	($2.72)	($2.80)	($9.53)	($9.64)	($9.36)	($10.85)	($11.72)	($11.94)	($12.20)	($12.37)
Tangible Book Value per Share	($31.03)	($30.44)	($30.07)	($30.01)	($29.42)	($28.69)	($29.17)	($30.25)	($28.42)	($28.32)	($27.59)
Total Capital	4,822	4,830	4,818	3,844	3,812	3,700	3,408	3,411	3,332	3,226	3,115
Total Debt	5,229	5,215	5,217	5,219	5,222	5,071	5,055	5,138	5,120	5,053	5,037
Total Long-Term Debt	5,228	5,215	5,217	5,218	5,221	5,049	5,032	5,064	5,047	4,980	4,962
Net Debt	5,015	4,869	4,855	4,854	4,790	4,812	4,887	4,902	4,928	4,782	4,902
Capital Expenditures (CapEx)	-19	9.36	22	21	29	23	20	20	23	19	22
Debt-free, Cash-free Net Working Capital (DFCFNWC)	393	312	350	319	297	254	285	287	384	294	361
Debt-free Net Working Capital (DFNWC)	607	659	711	684	729	514	452	523	576	565	496
Net Working Capital (NWC)	606	658	711	683	728	492	430	449	502	492	421
Net Nonoperating Expense (NNE)	57	42	-6.19	345	95	41	263	109	-16	101	97
Net Nonoperating Obligations (NNO)	5,068	4,931	4,909	4,916	4,842	4,834	4,941	4,976	4,986	4,856	4,960
Total Depreciation and Amortization (D&A)	108	107	107	106	103	99	93	91	91	88	82
Debt-free, Cash-free Net Working Capital to Revenue	10.32%	8.33%	9.36%	8.52%	7.81%	6.60%	7.37%	7.42%	9.95%	-	9.15%
Debt-free Net Working Capital to Revenue	15.92%	17.56%	19.02%	18.25%	19.16%	13.34%	11.71%	13.52%	14.93%	-	12.58%
Net Working Capital to Revenue	15.91%	17.55%	19.02%	18.23%	19.13%	12.75%	11.13%	11.61%	13.02%	-	10.69%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.06)	$0.10	($0.12)	($6.50)	($0.27)	$0.21	($1.84)	($0.54)	($0.43)	($0.25)	($0.61)
Adjusted Weighted Average Basic Shares Outstanding	149.70M	149.26M	149.80M	151.14M	151.99M	151.27M	152.48M	154.28M	155.19M	154.30M	155.79M
Adjusted Diluted Earnings per Share	($0.06)	$0.10	($0.12)	($6.50)	($0.27)	$0.21	($1.84)	($0.54)	($0.43)	($0.25)	($0.61)
Adjusted Weighted Average Diluted Shares Outstanding	149.70M	149.26M	149.80M	151.14M	151.99M	151.27M	152.48M	154.28M	155.19M	154.30M	155.79M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	144.66M	144.75M	144.80M	146.81M	147.07M	152.22M	147.62M	150.14M	150.16M	155.68M	151.15M
Normalized Net Operating Profit after Tax (NOPAT)	49	56	-23	7.39	54	74	-16	27	65	60	1.04
Normalized NOPAT Margin	5.11%	5.24%	-2.91%	0.80%	5.36%	6.58%	-1.96%	2.84%	6.48%	-	0.12%
Pre Tax Income Margin	-1.91%	-1.77%	-4.85%	-108.27%	-2.03%	-9.18%	-18.03%	-7.04%	-23.21%	-	-10.78%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	1.06	-21.22	138.30	-1,066.90	-	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.75	-14.87	94.14	-746.73	-	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.83	-37.70	62.27	-1,280.35	-	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.52	-31.36	18.11	-960.18	-	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	-0.23%	-0.63%	-0.57%	-0.44%	-0.45%	-0.12%	-0.44%	-0.41%	-	-0.74%
Augmented Payout Ratio	0.00%	-0.23%	-0.63%	-0.57%	-0.44%	-0.45%	-0.12%	-0.44%	-0.41%	-	-0.74%

Financials Breakdown Chart

Key Financial Trends

IHRT (iHeartMedia, Inc.) four-year quarterly snapshot highlights several trends in revenue, profitability, and balance sheet risk based on the provided data. Numbers are in USD.

Operating revenue showed upward momentum across 2023–2025, with Q4 2025 at about $1.13B, up from roughly $1.06B in Q4 2023 and $1.12B in Q4 2024.
Q4 2025 total operating income turned positive at about $85.7M, reversing a negative print in Q3 2025 (-$116.3M), suggesting improved near-term profitability.
Cash flow from continuing operating activities was strong in Q4 2025 at about $156.3M, and IHRT also generated positive CFO in other recent quarters (e.g., Q2 2025 around $6.8M), signaling liquidity resilience.
Estimated free cash flow in Q4 2025 was roughly $137.6M (CFO ≈ $156.3M minus capex ≈ $18.7M), indicating cash generation after sustaining capital needs.
Total assets hovered around a $5.0B–$5.4B range across 2025 quarters (e.g., Q3 2025: $5.089B; Q2 2025: $5.379B; Q1 2025: $5.268B), showing a sizable asset base to support operations.
Long-term debt sat near the $5.0B level through 2025 (e.g., Q3 2025: $5.046B; Q2 2025: $5.064B), indicating a substantial fixed-financing burden.
Impairment charges occurred in 2025 Q3 (about $208.5M), representing non-cash charges that reduce net income, though they don’t directly impact cash flow in the same quarter.
Net income for 2025 quarters remained negative on a GAAP basis (Q1 ≈ -$281.2M; Q2 ≈ -$83.99M; Q3 ≈ -$65.76M; Q4 ≈ -$41.25M), highlighting ongoing profitability challenges despite cash-flow generation.
Shareholders’ equity remained meaningfully negative across the period (Total Common Equity around -$1.7B to -$1.9B), reflecting accumulated losses and a leveraged balance sheet.
Total liabilities were substantial (around $7.0B–$7.3B in 2025), underscoring a high debt-and-liabilities load relative to assets and equity.

05/21/26 12:03 AM ETAI Generated. May Contain Errors.

iHeartMedia Financials - Frequently Asked Questions

According to the most recent income statement we have on file, iHeartMedia's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

iHeartMedia's net income appears to be on an upward trend, with a most recent value of -$471.89 million in 2025, falling from -$762.16 million in 2014. The previous period was -$1.01 billion in 2024. Check out iHeartMedia's forecast to explore projected trends and price targets.

iHeartMedia's total operating income in 2025 was -$20.64 million, based on the following breakdown:

Total Gross Profit: $3.86 billion
Total Operating Expenses: $3.89 billion

Over the last 10 years, iHeartMedia's total revenue changed from $6.32 billion in 2014 to $3.86 billion in 2025, a change of -38.8%.

iHeartMedia's total liabilities were at $6.95 billion at the end of 2025, a 0.1% increase from 2024, and a 71.4% decrease since 2015.

In the past 10 years, iHeartMedia's cash and equivalents has ranged from $224.04 million in 2018 to $845.03 million in 2016, and is currently $270.92 million as of their latest financial filing in 2025.

Over the last 10 years, iHeartMedia's book value per share changed from -117.81 in 2014 to -12.20 in 2025, a change of -89.6%.

Related Companies

Financial statements for NASDAQ:IHRT last updated on 5/14/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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iHeartMedia (IHRT) Financials

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iHeartMedia (IHRT) Financials

Annual Income Statements for iHeartMedia

Quarterly Income Statements for iHeartMedia

Annual Cash Flow Statements for iHeartMedia

Quarterly Cash Flow Statements for iHeartMedia

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Quarterly Balance Sheets for iHeartMedia

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Quarterly Metrics And Ratios for iHeartMedia

Financials Breakdown Chart

Key Financial Trends

iHeartMedia Financials - Frequently Asked Questions

When does iHeartMedia's financial year end?

How has iHeartMedia's net income changed over the last 10 years?

What is iHeartMedia's operating income?

How has iHeartMedia's revenue changed over the last 10 years?

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How has iHeartMedia's book value per share changed over the last 10 years?

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