Gray Media (GTN) Change in Taxes (2016 - 2025)
Gray Media (GTN) reported Change in Taxes of -$5.0 million for Q4 2025, down 25.0% year-over-year from -$6.7 million in Q4 2024, and down 141.67% quarter-over-quarter from $12.0 million in Q3 2025.
Gray Media (GTN) Change in Taxes (2016 - 2025) Analysis & Trends
Gray Media (GTN) has 10 years of Change in Taxes data on file, last reported at -$5.0 million in Q4 2025.
- Change in Taxes for Q4 2025 came in at -$5.0 million, down 25.0% year-over-year; the trailing twelve-month figure through Mar 2026 was $9.0 million (up 175.0% YoY), and the FY2025 annual result was $10.0 million, up 158.82% from the prior year.
- Change in Taxes eased to -$5.0 million in Q4 2025 per GTN's latest filing, from $12.0 million in the prior quarter.
- Over five years, Change in Taxes peaked at $48.0 million in Q3 2021 and troughed at -$39.0 million in Q3 2024.
- A 5-year average of $2.2 million and a median of $3.0 million in 2022 frame the typical range for Change in Taxes.
- On a YoY basis, Change in Taxes climbed as much as 1500.0% in 2021 and fell as far as 2600.0% in 2021.
- A 5-year view of Change in Taxes shows it stood at $12.0 million in 2021, then slumped by 250.0% to -$18.0 million in 2022, then surged by 150.0% to $9.0 million in 2023, then slumped by 144.44% to -$4.0 million in 2024, then fell by 25.0% to -$5.0 million in 2025.
- Business Quant data shows GTN's Change in Taxes at -$5.0 million in Q4 2025, $12.0 million in Q3 2025, and $2.0 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Nexstar Media | 5.44 Bn | 5.04 Bn | -505.00 Mn | 43.00 Mn |
| 2 | FuboTV | 3.41 Bn | 5.34 Bn | 348.72 Mn | - |
| 3 | Newsmax | 996.58 Mn | 956.14 Mn | 21.36 Mn | - |
| 4 | iHeartMedia | 598.23 Mn | 466.54 Mn | 509.13 Mn | - |
| 5 | Gray Media | 394.79 Mn | 135.79 Mn | 213.00 Mn | - |
| 6 | E.W. Scripps | 304.31 Mn | 220.58 Mn | 206.07 Mn | - |
| 7 | CuriosityStream | 163.77 Mn | 154.55 Mn | 11.62 Mn | - |
| 8 | Mediaco Holding | 58.80 Mn | 58.80 Mn | -3.44 Mn | - |
| 9 | Saga Communications | 54.09 Mn | 23.65 Mn | 17.72 Mn | - |
| 10 | Beasley Broadcast | 38.85 Mn | 32.43 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -5.00 Mn |
| Dec 31, 2025 | -5.00 Mn |
| Sep 30, 2025 | 12.00 Mn |
| Sep 30, 2025 | 12.00 Mn |
| Jun 30, 2025 | 2.00 Mn |
| Jun 30, 2025 | 2.00 Mn |
| Mar 31, 2025 | 1.00 Mn |
| Mar 31, 2025 | 1.00 Mn |
| Dec 31, 2024 | -4.00 Mn |
| Dec 31, 2024 | -4.00 Mn |
| Sep 30, 2024 | -39.00 Mn |
| Sep 30, 2024 | -39.00 Mn |
| Jun 30, 2024 | 30.00 Mn |
| Jun 30, 2024 | 30.00 Mn |
| Mar 31, 2024 | -4.00 Mn |
| Mar 31, 2024 | -4.00 Mn |
| Dec 31, 2023 | 9.00 Mn |
| Dec 31, 2023 | 9.00 Mn |
| Sep 30, 2023 | -26.00 Mn |
| Sep 30, 2023 | -26.00 Mn |