---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-056763"
form_type: "8-K"
ticker: "SGA"
cik: "0000886136"
company_name: "SAGA COMMUNICATIONS INC"
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T22:22:11.579220+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Saga Communications Q1 net revenue falls 5.6% to $22.9M; net loss $2.4M; declares $0.25 dividend

## Summary
- Net revenue $22.9M vs $24.2M year ago (-5.6%); operating loss $3.3M vs $2.3M loss year ago.
- Station operating income fell 62% to $0.9M; net loss $2.4M ($0.38 diluted loss per share).
- Paid Q1 dividend of $0.25/share on March 20; declared another $0.25/share dividend payable June 12 to holders of record May 22.
- Cash & short-term investments $30.4M at March 31; expects 2026 capex of ~$3.5M.

## SEC filing metadata
- accession: 0001104659-26-056763
- form_type: 8-K
- ticker: SGA
- cik: 0000886136
- company_name: SAGA COMMUNICATIONS INC
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/886136/000110465926056763/0001104659-26-056763-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/886136/000110465926056763/sga-20260507x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-056763
- JSON: https://secwatch.observer/filing/0001104659-26-056763.json
- Plain text: https://secwatch.observer/filing/0001104659-26-056763.txt

## Source-grounded claims
- claim_id: 74feb095eebd541b88f4bc90ee871513e00b1ac4
  claim: SAGA COMMUNICATIONS INC reported the quarter ended March 31, 2026 results: revenue $22.9 million, net income net loss of $2.4 million, EPS $(0.38) per diluted share.
  evidence_excerpt: Saga Communications, Inc. (Nasdaq - SGA) (the “Company” or “Saga”) today reported that net revenue decreased 5.6% to $22.9 million for the quarter ended March 31, 2026 compared to $24.2 million for the same period last year. Station operating expense decreased 0.2% for the quarter to $22.0 million compared to the same period last year. For the quarter, we had an operating loss of $3.3 million compared to $2.3 million for the same quarter last year and station operating income (a non-GAAP financial measure) decreased 62.0% to $0.9 million. Capital expenditures were $0.8 million for the quarter compared to $0.7 million for the same period last year. We had a net loss of $2.4 million for the quarter compared to $1.6 million for the first quarter last year. Diluted loss per share was $0.38 in the first quarter of 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/886136/000110465926056763/0001104659-26-056763-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.