Cumulus Media Inc-A 2026年季度报告

(Mark one) ☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period ended March31, 2026 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period from Commission file number: 001-38108 Cumulus Media Inc. (Exact Name of Registrant as Specified in its Charter) Title of each classN/A Table of Contents Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)hasbeen subject to such filing requirements for the past 90 days.YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Date File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company,"and "emerging growth company" in Rule 12b-2 of the Exchange Act: LargeAcceleratedFilerNon-accelerated Filer☑ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YesNo Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of theSecurities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. YesNo As of April22, 2026, the registrant had 17,668,032 outstanding shares of common stock consisting of: 17,436,334 shares of ClassAcommon stock and231,698 shares of Class B common stock. Cumulus Media Inc. INDEX PART I. FINANCIAL INFORMATIONItem1. Financial Statements (Unaudited)Condensed Consolidated Balance Sheets as of March 31, 2026 and December31, 2025Condensed Consolidated Statements of Operations For the Three Months Ended March 31, 2026 and 2025Condensed Consolidated Statements of Stockholders’ Deficit For the Three Months Ended March 31, 2026 and 2025Condensed Consolidated Statements of Cash Flows For the Three Months Ended March 31, 2026 and 2025Notes to Condensed Consolidated Financial StatementsItem2. Management's Discussion and Analysis of Financial Condition and Results of OperationsItem 3. Quantitative and Qualitative Disclosures about Market RiskItem4. Controls and ProceduresPART II. OTHER INFORMATIONItem1. Legal ProceedingsItem1A. Risk FactorsItem 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity SecuritiesItem 5. Other InformationItem 6. ExhibitsSignatures PART I. FINANCIAL INFORMATION Cumulus Media Inc.(Debtor-In-Possession)Condensed Consolidated Balance Sheets(Unaudited) Cumulus Media Inc.(Debtor-In-Possession)Condensed Consolidated Statements of Operations(Unaudited) Cumulus Media Inc.(Debtor-In-Possession)Condensed Consolidated Statements of Stockholders' Deficit(Unaudited) Cumulus Media Inc.(Debtor-In-Possession)Condensed Consolidated Statements of Cash Flows(Unaudited) Notes to Condensed Consolidated Financial Statements (Unaudited)(Debtor-In-Possession) 1. Nature of Business, Interim Financial Data and Basis of Presentation Cumulus Media Inc. (and its consolidated subsidiaries, except as the context may otherwise require, "Cumulus Media," "we,""us," "our," or the "Company") is a Delaware corporation, organized in 2018, and successor to a Delaware corporation with the same namethat had been organized in 2002. Nature of Business Cumulus Mediais an audio-first media company delivering premium content to a quarter billion people every month — whereverand whenever they want it. Cumulus Media engages listeners with high-quality local programming through 393 owned-and-operated radiostations across 84 markets; delivers nationally-syndicated sports, news, talk, and entertainmentprogramming from iconic brands includingthe NFL, the NCAA, the Masters, US Soccer, AP News, and the Academy of Country Music Awards, across more than 7,800 affiliatedstations through Westwood One, a leading national audio network;and inspires listeners through the Cumulus Podcast Network, anestablished and influential platform for original podcasts that are smart, entertaining, and thought-provoking. Cumulus Media providesadvertisers with personal connections, local impact and national reachthr