Gray Media, Inc. (GTN) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 768M | 792M | 749M | 772M | 782M | 1.04B | 950M | 826M | 823M | 864M | 803M | 813M | 801M | 1.07B | 909M | 868M | 827M | 721M | 601M | 547M |
| Revenue Growth % | -1.79% | -24.21% | -21.16% | -6.54% | -4.98% | 20.95% | 18.31% | 1.6% | 2.75% | -19.4% | -11.66% | -6.34% | -3.14% | 48.68% | 51.25% | 58.68% | 52.02% | -8.96% | -0.5% | 21.29% |
| Cost of Goods Sold | 648M | -1.1B | 23M | 583M | 597M | 624M | 593M | 579M | 604M | 631M | 575M | 563M | 614M | 597M | 553M | 542M | 556M | 472M | 397M | 363M |
| COGS % of Revenue | 84.38% | -138.76% | 3.07% | 75.52% | 76.34% | 59.71% | 62.42% | 70.1% | 73.39% | 73.03% | 71.61% | 69.25% | 76.65% | 55.69% | 60.84% | 62.44% | 67.23% | 65.46% | 66.06% | 66.36% |
| Gross Profit | 120M | 1.89B | 726M | 189M | 185M | 421M | 357M | 247M | 219M | 233M | 228M | 250M | 187M | 475M | 356M | 326M | 271M | 249M | 204M | 184M |
| Gross Margin % | 15.63% | 238.76% | 96.93% | 24.48% | 23.66% | 40.29% | 37.58% | 29.9% | 26.61% | 26.97% | 28.39% | 30.75% | 23.35% | 44.31% | 39.16% | 37.56% | 32.77% | 34.54% | 33.94% | 33.64% |
| Gross Profit Growth % | -35.14% | 349.17% | 103.36% | -23.48% | -15.53% | 80.69% | 56.58% | -1.2% | 17.11% | -50.95% | -35.96% | -23.31% | -31% | 90.76% | 74.51% | 77.17% | 63.25% | -40.29% | -24.44% | 50.82% |
| Operating Expenses | 39M | 1.77B | 624M | 107M | 93M | 96M | 107M | 95M | 95M | 120M | 144M | 131M | 120M | 112M | 111M | 108M | 107M | 144M | 137M | 76M |
| OpEx % of Revenue | 5.08% | 224.12% | 83.31% | 13.86% | 11.89% | 9.19% | 11.26% | 11.5% | 11.54% | 13.89% | 17.93% | 16.11% | 14.98% | 10.45% | 12.21% | 12.44% | 12.94% | 19.97% | 22.8% | 13.89% |
| Selling, General & Admin | 0 | 0 | 0 | 25M | 32M | 24M | 24M | 28M | 28M | 33M | 23M | 30M | 26M | 24M | 27M | 25M | 28M | 84M | 32M | 25M |
| SG&A % of Revenue | - | - | - | 3.24% | 4.09% | 2.3% | 2.53% | 3.39% | 3.4% | 3.82% | 2.86% | 3.69% | 3.25% | 2.24% | 2.97% | 2.88% | 3.39% | 11.65% | 5.32% | 4.57% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 81M | 116M | 102M | 82M | 92M | 325M | 250M | 152M | 124M | 113M | 84M | 119M | 67M | 363M | 245M | 218M | 164M | 105M | 67M | 108M |
| Operating Margin % | 10.55% | 14.65% | 13.62% | 10.62% | 11.76% | 31.1% | 26.32% | 18.4% | 15.07% | 13.08% | 10.46% | 14.64% | 8.36% | 33.86% | 26.95% | 25.12% | 19.83% | 14.56% | 11.15% | 19.74% |
| Operating Income Growth % | -11.96% | -64.31% | -59.2% | -46.05% | -25.81% | 187.61% | 197.62% | 27.73% | 85.07% | -68.87% | -65.71% | -45.41% | -59.15% | 245.71% | 265.67% | 101.85% | 62.38% | -70.09% | -68.4% | 66.15% |
| EBITDA | 152M | 557M | 146M | 148M | 161M | 392M | 324M | 226M | 191M | 207M | 168M | 214M | 161M | 459M | 341M | 301M | 261M | 181M | 130M | 168M |
| EBITDA Margin % | 19.79% | 70.33% | 19.49% | 19.17% | 20.59% | 37.51% | 34.11% | 27.36% | 23.21% | 23.96% | 20.92% | 26.32% | 20.1% | 42.82% | 37.51% | 34.68% | 31.56% | 25.1% | 21.63% | 30.71% |
| EBITDA Growth % | -5.59% | 42.09% | -54.94% | -34.51% | -15.71% | 89.37% | 92.86% | 5.61% | 18.63% | -54.9% | -50.73% | -28.9% | -38.31% | 153.59% | 162.31% | 79.17% | 62.11% | -56.39% | -52.55% | 37.7% |
| D&A (Non-Cash Add-back) | 71M | 441M | 44M | 66M | 69M | 67M | 74M | 74M | 67M | 94M | 84M | 95M | 94M | 96M | 96M | 83M | 97M | 76M | 63M | 60M |
| EBIT | 81M | 93M | 92M | 82M | 94M | 338M | 258M | 147M | 234M | 104M | 74M | 118M | 62M | 344M | 244M | 218M | 162M | 104M | 66M | 101M |
| Net Interest Income | 117M | -119M | -120M | -117M | -118M | -122M | -130M | -118M | -115M | -116M | -111M | -109M | -104M | -100M | -94M | -81M | -79M | -62M | -48M | -47M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | -117M | 119M | 120M | 117M | 118M | 122M | 130M | 118M | 115M | 116M | 111M | 109M | 104M | 100M | 94M | 81M | 79M | 62M | 48M | 47M |
| Other Income/Expense | -109M | -142M | -130M | -117M | -116M | -109M | -122M | -123M | -5M | -125M | -121M | -110M | -109M | -119M | -95M | -81M | -81M | -63M | -49M | -54M |
| Pretax Income | -28M | -26M | -28M | -35M | -24M | 216M | 128M | 29M | 119M | -12M | -37M | 9M | -42M | 244M | 150M | 137M | 83M | 42M | 18M | 54M |
| Pretax Margin % | -3.65% | -3.28% | -3.74% | -4.53% | -3.07% | 20.67% | 13.47% | 3.51% | 14.46% | -1.39% | -4.61% | 1.11% | -5.24% | 22.76% | 16.5% | 15.78% | 10.04% | 5.83% | 3% | 9.87% |
| Income Tax | -8M | -16M | -18M | 21M | -15M | 47M | 32M | 7M | 31M | -3M | 3M | 5M | -11M | 58M | 42M | 38M | 21M | 13M | 35M | 15M |
| Effective Tax Rate % | 28.57% | 61.54% | 64.29% | -60% | 62.5% | 21.76% | 25% | 24.14% | 26.05% | 25% | -8.11% | 55.56% | 26.19% | 23.77% | 28% | 27.74% | 25.3% | 30.95% | 194.44% | 27.78% |
| Net Income | -20M | -10M | -10M | -56M | -9M | 169M | 96M | 22M | 88M | -9M | -40M | 4M | -31M | 186M | 108M | 99M | 62M | 29M | -17M | 39M |
| Net Margin % | -2.6% | -1.26% | -1.34% | -7.25% | -1.15% | 16.17% | 10.11% | 2.66% | 10.69% | -1.04% | -4.98% | 0.49% | -3.87% | 17.35% | 11.88% | 11.41% | 7.5% | 4.02% | -2.83% | 7.13% |
| Net Income Growth % | -122.22% | -105.92% | -110.42% | -354.55% | -110.23% | 1977.78% | 340% | 450% | 383.87% | -104.84% | -137.04% | -95.96% | -150% | 541.38% | 735.29% | 153.85% | 58.97% | -87.05% | -113.93% | 254.55% |
| Net Income (Continuing) | -20M | -10M | -10M | -56M | -9M | 169M | 96M | 22M | 88M | -9M | -40M | 4M | -31M | 186M | 108M | 99M | 62M | 29M | -17M | 39M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.34 | -0.24 | -0.10 | -0.71 | -0.23 | 1.59 | 0.86 | 0.09 | 0.79 | -0.24 | -0.57 | -0.10 | -0.34 | 1.88 | 1.17 | 1.05 | 0.66 | 0.17 | -0.18 | 0.27 |
| EPS Growth % | -47.83% | -115.09% | -111.63% | -856.93% | -129.11% | 762.5% | 250.88% | 196.9% | 332.35% | -112.77% | -148.72% | -109.22% | -151.52% | 1005.88% | 750% | 288.89% | 144.44% | -92.34% | -115.79% | 1450% |
| EPS (Basic) | -0.34 | -0.24 | -0.10 | -0.71 | -0.23 | 1.64 | 0.87 | 0.09 | 0.80 | -0.24 | -0.57 | -0.10 | -0.34 | 1.90 | 1.19 | 1.06 | 0.67 | 0.17 | -0.18 | 0.27 |
| Diluted Shares Outstanding | 97M | 97M | 97M | 97M | 96M | 98M | 97M | 96M | 95M | 93M | 93M | 93M | 92M | 92M | 92M | 94M | 94M | 95M | 95M | 95M |
| Basic Shares Outstanding | 97M | 97M | 97M | 97M | 96M | 95M | 95M | 95M | 94M | 93M | 93M | 93M | 92M | 91M | 91M | 93M | 93M | 95M | 93.75M | 95M |
| Dividend Payout Ratio | - | - | - | - | - | 4.73% | 8.33% | 36.36% | 9.09% | - | - | 175% | - | 3.76% | 6.48% | 8.08% | 33.87% | 27.59% | - | 17.95% |