Company: UONE
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001041657-25-000054
Chunk: 6

Company: URBAN ONE, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 2
Chunk 6
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 three months ended September 30, 2024, primarily due to a change in bad debt reserve. Our corporate headquarters' expenses decreased approximately $1.6 million for the three months ended September 30, 2025, compared to the three months ended September 30, 2024, primarily due to lower professional service costs and the ONE VIP department closure, offset by the change in the fair value of the Employment Agreement Award liability (as defined in Note 5 - Fair Value Measurements).

Stock-based Compensation

Three Months Ended September 30,Change20252024$365$1,152$(787)(68.3)%

Stock-based compensation expense was approximately $0.4 million for the three months ended September 30, 2025, compared to approximately $1.2 million for the three months ended September 30, 2024, a decrease of approximately $0.8 million. The decrease was primarily due to no executive grants during 2025. 

Depreciation And Amortization

Three Months Ended September 30,Change20252024$6,104$1,238$4,866 *NM

Depreciation and amortization expense was approximately $6.1 million for the three months ended September 30, 2025, compared to approximately $1.2 million for the three months ended September 30, 2024, an increase of approximately $4.9 million. This increase is primarily driven by the TV One Trade Name and radio broadcasting license amortization (as described in Note 8 – Goodwill and Other Intangible Assets).

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Impairment Of Goodwill And Intangible Assets

Three Months Ended September 30,Change20252024$—$46,823$(46,823)(100.0)%

Impairment of goodwill and intangible assets was approximately $46.8 million during the three months ended September 30, 2024. There was no impairment during the three months ended September 30, 2025. See Note 8 – Goodwill and Other Intangible Assets of the Company’s unaudited condensed consolidated financial statements for further discussion.

Interest And Investment Income

Three Months Ended September 30,Change20252024$512$1,088$(576)(52.9)%

Interest and investment income was approximately $0.5 million for the three months ended September 30, 2025, compared to approximately $1.1 million for the