When did Gray Television report Q4 2025 earnings?

Gray Television (GTN) reported Q4 2025 earnings on February 26, 2026 before market open.

What were Gray Television's Q4 2025 revenue and EPS?

Gray Television reported revenue of $792.0M and eps of $-0.22 for Q4 2025.

Did Gray Television beat estimates in Q4 2025?

Revenue beat the consensus estimate of $780.0M by $12.0M. EPS beat the consensus estimate of $-0.28 by $0.06.

How did Gray Television's Q4 2025 results compare year-over-year?

Compared to the same quarter a year prior, revenue declined 24.2% from $1.0B a year earlier.

Where can I find Gray Television's Q4 2025 SEC filings?

You can read the 8-K earnings release (0001437749-26-005740) and the 10-K periodic report (0001437749-26-005803) directly on SEC EDGAR. The filing index links above go to sec.gov.

Gray Television GTN Q4 2025 Annual earnings

Reported February 26, 2026 · Before market open

Revenue$792.0MBeat by $12.0M

EPS-$0.22Beat by $0.06

Revenue estimate$780.0M

EPS estimate-$0.28

Next report

Aug 7, 2026 (In 1 week)

Revenue estimate$794.1M

EPS estimate-$0.08

Financials

Q4 2025

Income statement

See full

Revenue$792.0M-24.2%

Operating income$116.0M-64.3%

Net income-$10.0M-106%

EPS (diluted)-$0.22-114%

Balance sheet

See full

Cash & equivalents$368.0M+173%

Total debt$5.8B+2.1%

Total equity$2.2B-5.6%

Total assets$10.4B-1.0%

Cash flow

See full

Operating cash flow$112.0M-69.6%

CapEx$43.0M+7.5%

Free cash flow$69.0M-79.0%

Valuation & ratios

Valuation

as of 12/31/25

See full

Market cap$494.1M+57.4%

Enterprise value$5.94B+1.1%

P/S0.2×+0.1×

Profitability

See full

Operating margin12.7%-10.7pp

Net margin-2.7%-13.0pp

FCF margin6.2%-10.8pp

Returns & leverage

See full

Return on equity-3.8%-21.5pp

Debt / equity2.7×+0.2×

Current ratio1.3×+0.2×

Segments

By product

See full

Advertising$404.0M-35.9%

Core Advertising$392.0M+3.2%

Retransmission Consent$335.0M-7.2%

Service Other$16.0M-5.9%

Political Advertising$12.0M-95.2%

By segment

See full

Broadcasting$755.0M-25.1%

Production Companies$37.0M0.0%

All Other Segments-—

Versus estimates

Revenue

Q1 2026$768.0MIn line

Q4 2025$792.0MBeat by $12.0M

Q3 2025$749.0MMiss by $50.3M Q2 2025$772.0MBeat by $3.3M Q1 2025$782.0MMiss by $7.7M Q4 2024$1.0BBeat by $247.1M

Diluted EPS

Q1 2026-$0.34Miss by $0.02

Q4 2025-$0.22Beat by $0.06

Q3 2025-$0.24Beat by $0.17 Q2 2025-$0.42Miss by $0.19 Q1 2025-$0.23Beat by $0.26 Q4 2024$1.59In line

Ask the moment Gray Television reports.

Connect your AI and ask the moment the filing drops. It reads the release, surfaces what management said, and gives you its own read.

Connect your AI

Claude

Questions, answered.

When did Gray Television report Q4 2025 earnings?: Gray Television (GTN) reported Q4 2025 earnings on February 26, 2026 before market open.
What were Gray Television's Q4 2025 revenue and EPS?: Gray Television reported revenue of $792.0M and eps of $-0.22 for Q4 2025.
Did Gray Television beat estimates in Q4 2025?: Revenue beat the consensus estimate of $780.0M by $12.0M. EPS beat the consensus estimate of $-0.28 by $0.06.
How did Gray Television's Q4 2025 results compare year-over-year?: Compared to the same quarter a year prior, revenue declined 24.2% from $1.0B a year earlier.
Where can I find Gray Television's Q4 2025 SEC filings?: You can read the 8-K earnings release (0001437749-26-005740) and the 10-K periodic report (0001437749-26-005803) directly on SEC EDGAR. The filing index links above go to sec.gov.