Sinclair, Inc. (SBGI) Form 10-Q — Aug 5, 2026

$SBGIForm 10-QFiled Aug 5, 2026, 4:11 PM ET0001971213-26-000038Original filing

Sinclair's Q2 2026 revenue rose approximately 7% year over year to $840 million, powered by a midterm-election political advertising surge to $59 million from just $6 million a year earlier. Operating income more than doubled to $50 million from $21 million, and local media segment operating income rose 5% to $68 million. Despite the top-line strength, the Q2 net loss attributable to Sinclair widened to $76 million, or $1.06 per share, from $64 million, or $0.91 per share, a year ago — driven mainly by a 322.3% effective tax rate tied to a substantial update of the full-year pre-tax income forecast.

Key figures

Eps: -$1.06 basic/diluted (Q2 2026); -$0.80 (1H 2026)
Revenue: $840 million (Q2 2026); $1,647 million (1H 2026)
Net Income: -$76 million attributable to Sinclair (Q2 2026); -$56 million (1H 2026)
Total Debt: $4,059 million notes payable, finance leases, and commercial bank financing ($23 million current + $4,036 million non-current)
Revenue Yoy: approximately +7% Q2 ($840M vs $784M); approximately +6% 1H ($1,647M vs $1,560M)
Total Assets: $5,481 million as of June 30, 2026
Cash Position: $604 million as of June 30, 2026 (vs $866 million at Dec 31, 2025)
Shares Outstanding: 48,562,824 Class A and 23,755,236 Class B as of August 3, 2026
Dividend declared: $0.25 per share quarterly, declared August 2026, payable September 15, 2026
Broadcast stations: 178 stations in 79 markets; 647 channels
Net working capital: $674 million including $763 million available borrowing capacity
Ar facility outstanding: $225 million as of June 30, 2026 ($150 million paid down in April 2026)
Core advertising q2 2026: $308 million (vs $316 million in Q2 2025)
Interest expense q2 2026: $80 million
Operating income q2 2026: $50 million (vs $21 million in Q2 2025)
Effective tax rate q2 2026: 322.3% provision
Distribution revenue q2 2026: $444 million (vs $434 million in Q2 2025)
Political advertising q2 2026: $59 million (vs $6 million in Q2 2025); $77 million for 1H 2026 (vs $12 million)
Gain on debt extinguishment q2 2026: $13 million (Term Loan B-6 and B-7 repurchases)

Price after filing

1 day: 0.0%7 days: -0.8%30 days: -0.4%

Close on the filing date to close N calendar days later (from $13.99). Historical, not a forecast.

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