v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Common stock
Additional paid-in capital
Accumulated other comprehensive (loss) income
Accumulated deficit
Treasury stock
Non-controlling interest
Beginning balance (in shares) at Dec. 31, 2024   158,836,000          
Beginning balance at Dec. 31, 2024 $ 152,634 $ 1,588 $ 1,281,801 $ (56,164) $ (1,053,546) $ (20,540) $ (505)
Beginning balance (in shares) at Dec. 31, 2024           11,447,000  
Increase (Decrease) in Stockholders' Equity              
Net income attributable to USA TODAY Co. 71,065       71,058   7
Other comprehensive income (loss), net [1] 13,053     13,053      
Performance stock units settled, net of withholdings (in shares)   232,000          
Performance stock units settled, net of withholdings (520) $ 3 (523)        
Share-based compensation expense 4,961   4,961        
Equity component - 2027 Notes (2,043)   (2,043)        
Issuance of common stock (in shares)   313,000          
Issuance of common stock 84 $ 3 81        
Treasury stock (in shares)           966,000  
Treasury stock (3,064)         $ (3,064)  
Restricted share forfeiture (in shares)           338,000  
Restricted share forfeiture (3)         $ (3)  
Other activity 422   422        
Ending balance (in shares) at Jun. 30, 2025   159,381,000          
Ending balance at Jun. 30, 2025 236,589 $ 1,594 1,284,699 (43,111) (982,488) $ (23,607) (498)
Ending balance (in shares) at Jun. 30, 2025           12,751,000  
Beginning balance (in shares) at Mar. 31, 2025   159,081,000          
Beginning balance at Mar. 31, 2025 149,638 $ 1,591 1,284,331 (51,598) (1,060,879) $ (23,302) (505)
Beginning balance (in shares) at Mar. 31, 2025           12,422,000  
Increase (Decrease) in Stockholders' Equity              
Net income attributable to USA TODAY Co. 78,398       78,391   7
Other comprehensive income (loss), net [2] 8,487     8,487      
Share-based compensation expense 2,082   2,082        
Equity component - 2027 Notes (2,043)   (2,043)        
Issuance of common stock (in shares)   300,000          
Issuance of common stock 46 $ 3 43        
Treasury stock (in shares)           95,000  
Treasury stock (303)         $ (303)  
Restricted share forfeiture (in shares)           234,000  
Restricted share forfeiture (2)         $ (2)  
Other activity 286   286        
Ending balance (in shares) at Jun. 30, 2025   159,381,000          
Ending balance at Jun. 30, 2025 $ 236,589 $ 1,594 1,284,699 (43,111) (982,488) $ (23,607) (498)
Ending balance (in shares) at Jun. 30, 2025           12,751,000  
Beginning balance (in shares) at Dec. 31, 2025 147,124,756 159,912,000          
Beginning balance at Dec. 31, 2025 $ 154,612 $ 1,599 1,287,821 (58,905) (1,051,797) $ (23,607) (499)
Beginning balance (in shares) at Dec. 31, 2025 12,787,396         12,787,000  
Increase (Decrease) in Stockholders' Equity              
Net income attributable to USA TODAY Co. $ 29,032       29,016   16
Other comprehensive income (loss), net [1] (3,699)     (3,699)      
Share-based compensation expense 4,572   4,572        
Issuance of common stock (in shares)   120,000          
Issuance of common stock 60 $ 1 59        
Equity transaction with former partner (28,475) [3]   (28,475)        
Treasury stock (in shares)           410,000  
Treasury stock (2,744)         $ (2,744)  
Restricted share forfeiture (in shares)           17,000  
Restricted share forfeiture 0         $ 0  
Other activity $ (96)   (96)        
Ending balance (in shares) at Jun. 30, 2026 146,817,941 160,032,000          
Ending balance at Jun. 30, 2026 $ 153,262 $ 1,600 1,263,881 (62,604) (1,022,781) $ (26,351) (483)
Ending balance (in shares) at Jun. 30, 2026 13,214,296         13,214,000  
Beginning balance (in shares) at Mar. 31, 2026   159,916,000          
Beginning balance at Mar. 31, 2026 $ 141,437 $ 1,599 1,261,347 (62,753) (1,031,906) $ (26,351) (499)
Beginning balance (in shares) at Mar. 31, 2026           13,214,000  
Increase (Decrease) in Stockholders' Equity              
Net income attributable to USA TODAY Co. 9,141       9,125   16
Other comprehensive income (loss), net [2] 149     149      
Share-based compensation expense 2,502   2,502        
Issuance of common stock (in shares)   116,000          
Issuance of common stock 30 $ 1 29        
Other activity $ 3   3        
Ending balance (in shares) at Jun. 30, 2026 146,817,941 160,032,000          
Ending balance at Jun. 30, 2026 $ 153,262 $ 1,600 $ 1,263,881 $ (62,604) $ (1,022,781) $ (26,351) $ (483)
Ending balance (in shares) at Jun. 30, 2026 13,214,296         13,214,000  
[1] For the six months ended June 30, 2026 and 2025, Other comprehensive (loss) income is net of an income tax provision of $0.7 million and an income tax benefit of $2.2 million, respectively.
[2] For the three months ended June 30, 2026 and 2025, Other comprehensive income is net of an income tax provision of $29 thousand and an income tax benefit of $1.5 million, respectively.
[3] During the six months ended June 30, 2026, the Company completed a transaction with a former partner which was accounted for as an equity transaction as we retained control of the business both before and after the transfer. Accordingly, no gain or loss or step-up in basis was recognized in the condensed consolidated statements of operations and comprehensive income (loss).