Filing Flows › Saga Communications (SGA) › Q4 2025
Saga Communications (SGA) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Apr 14, 2026
Saga Communications (SGA) reported revenue of $26.5M for the fourth quarter 2025 (Q4 2025), -9% from a year earlier and -6% from the quarter before. Operating margin was -36.0%, net loss $6.9M (26.1% of revenue).
Saga Communications, Q4 2025: revenue $26.5M (-9% year over year), operating margin -36.0%, net loss $6.9M, operating cash flow −$18K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $26.5M | -6% | -9% |
| Operating profit | −$9.5M | — | -1068% |
| Net earnings | −$6.9M | — | -645% |
| Operating cash flow | −$18K | -101% | -100% |
What changed
Revenue was $26.5M in Q4 2025, down 9% year over year and down 6% from the previous quarter. Broadcast Advertising Revenue, net was the largest line at 76% of revenue.
Operating costs exceeded revenue by $9.5M, an operating margin of -36.0%. Total costs grew 28% against a revenue fall of 9%. The fastest-growing cost line was Other operating costs (+44%). The quarter ended with a net loss of $6.9M, wider than the previous quarter's $532K loss.
Operating cash flow was −$18K. Non-cash charges added back $1.3M of depreciation and amortization. Working capital and other items added $5.6M. Capital expenditures of $441K exceeded it, leaving free cash flow of −$459K.
Questions
What was Saga Communications' revenue in the fourth quarter 2025?
Saga Communications (SGA) reported revenue of $26.5M for the fourth quarter 2025 (Q4 2025), -9% from a year earlier and -6% from the quarter before.
Was Saga Communications profitable in the fourth quarter 2025?
Operating loss was $9.5M (-36.0% of revenue) and net loss $6.9M.