Gray Media (GTN-A) Cost of Revenue (2018 - 2026)
Gray Media (GTN-A) reported Cost of Revenue of $555.0 million for Q1 2026, down 3.81% year-over-year from $577.0 million in Q1 2025, and up 134.97% quarter-over-quarter from -$1.6 billion in Q4 2025.
Gray Media (GTN-A) Cost of Revenue (2018 - 2026) Analysis & Trends
Gray Media (GTN-A) has 9 years of Cost of Revenue data on file, last reported at $555.0 million in Q1 2026.
- Cost of Revenue for Q1 2026 came in at $555.0 million, down 3.81% year-over-year; the trailing twelve-month figure through Mar 2026 was -$990.0 million (down 183.33% YoY), and the FY2025 annual result was $95.0 million, up 14.46% from the prior year.
- Cost of Revenue advanced to $555.0 million in Q1 2026 per GTN-A's latest filing, from -$1.6 billion in the prior quarter.
- Over five years, Cost of Revenue peaked at $577.0 million in Q1 2025 and troughed at -$1.6 billion in Q4 2025.
- A 5-year average of -$97.7 million and a median of $21.0 million in 2024 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2023 and 2025: Cost of Revenue jumped 3842.86% in 2023, then tumbled 6203.85% in 2025.
- A 5-year view of Cost of Revenue shows it stood at -$1.5 billion in 2022, then decreased by 2.45% to -$1.5 billion in 2023, then soared by 101.68% to $26.0 million in 2024, then plunged by 6203.85% to -$1.6 billion in 2025, then soared by 134.97% to $555.0 million in 2026.
- Business Quant data shows GTN-A's Cost of Revenue at $555.0 million in Q1 2026, -$1.6 billion in Q4 2025, and $22.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Nexstar Media | 5.30 Bn | 4.90 Bn | -505.00 Mn | 611.00 Mn |
| 2 | FuboTV | 3.46 Bn | 5.38 Bn | 348.72 Mn | 26.52 Mn |
| 3 | Newsmax | 971.69 Mn | 931.26 Mn | 21.36 Mn | -684,600.00 |
| 4 | iHeartMedia | 602.90 Mn | 471.21 Mn | 509.13 Mn | 375.07 Mn |
| 5 | Gray Media | 392.85 Mn | 133.85 Mn | 213.00 Mn | 555.00 Mn |
| 6 | E.W. Scripps | 278.28 Mn | 194.55 Mn | 206.07 Mn | 310.79 Mn |
| 7 | CuriosityStream | 155.40 Mn | 146.19 Mn | 11.62 Mn | 7.58 Mn |
| 8 | Mediaco Holding | 69.42 Mn | 69.42 Mn | -3.44 Mn | 34.82 Mn |
| 9 | Saga Communications | 54.67 Mn | 24.23 Mn | 17.72 Mn | 5.15 Mn |
| 10 | Gray Media | - | - | 213.00 Mn | 555.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 555.00 Mn |
| Mar 31, 2026 | 555.00 Mn |
| Dec 31, 2025 | -1.59 Bn |
| Dec 31, 2025 | -1.59 Bn |
| Sep 30, 2025 | 22.00 Mn |
| Sep 30, 2025 | 22.00 Mn |
| Jun 30, 2025 | 20.00 Mn |
| Jun 30, 2025 | 20.00 Mn |
| Mar 31, 2025 | 577.00 Mn |
| Mar 31, 2025 | 577.00 Mn |
| Dec 31, 2024 | 26.00 Mn |
| Dec 31, 2024 | 26.00 Mn |
| Sep 30, 2024 | 571.00 Mn |
| Sep 30, 2024 | 571.00 Mn |
| Jun 30, 2024 | 14.00 Mn |
| Jun 30, 2024 | 14.00 Mn |
| Mar 31, 2024 | 21.00 Mn |
| Mar 31, 2024 | 21.00 Mn |
| Dec 31, 2023 | -1.55 Bn |
| Dec 31, 2023 | -1.55 Bn |