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Gray Television GTN Shares (Diluted)

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Other financials

Income statement

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Revenue$839.0M+8.7%
Operating income$136.0M+65.9%
Net income$14.0M+125%
EPS (diluted)$0.21+130%

Balance sheet

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Cash & equivalents$176.0M-11.6%
Total debt$5.9B+4.0%
Total equity$2.1B-2.4%
Total assets$10.4B+0.8%

Cash flow

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Operating cash flow$123.0M+297%
CapEx$17.0M-32.0%
Free cash flow$106.0M+1,667%

Valuation

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Market cap$551.71M-0.7%
Enterprise value$6.26B+4.1%
P/S0.2×0.0×

Profitability

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Operating margin13.8%-7.3pp
Net margin-0.8%-6.5pp
FCF margin5%-15.0pp

Returns & leverage

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Return on equity-1.2%-10.6pp
Debt / equity2.8×+0.2×
Current ratio+0.1×

Where this comes from

Reported directly by Gray Television in its filing.

Tagged under the XBRL concept us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding.

The source filing: Gray Television’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 12:31 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001437749-26-026498
Line itemThree Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Net income (loss) attributable to common stockholders$21$(69)$(12)$(91)
Basic per share information:
Net income (loss) attributable to common stockholders$0.21$(0.71)$(0.12)$(0.95)
Weighted-average shares outstanding98979896
Diluted per share information:
Net income (loss) attributable to common stockholders$0.21$(0.71)$(0.12)$(0.95)
Weighted-average shares outstanding100979896
Dividends declared per common share$0.08$0.08$0.16$0.16

Item 1. Financial Statements

FAQ

What is Gray Television's shares (diluted)?
Gray Television (GTN) reported shares (diluted) of 100M in Q2 2026.
How has Gray Television's shares (diluted) changed year-over-year?
Gray Television's shares (diluted) increased by 3.1% year-over-year, from 97M to 100M.
What is the long-term trend for Gray Television's shares (diluted)?
Over 4 years (2021 to 2025), Gray Television's shares (diluted) has grown at a 0.5% compound annual growth rate (CAGR), from 380M to 387M.
What does shares (diluted) mean?
The weighted-average shares outstanding plus all potentially dilutive shares from stock options, RSUs, convertible securities, and warrants, using the treasury stock method.

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