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Stingray Group Inc.

Stingray Group Inc.

RAY-A.TO
Stingray Group Inc.CA flagToronto Stock Exchange
16.96
CAD
+0.09
- -
1.15BMarket Cap
Stingray Group Inc.
RAY-A.TO
(Toronto Stock Exchange)

Recent

price

16.96

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.5
1.88
1.98
2.44
3.29
4.04
3.38
3.98
4.65
5
5.66
6.33
Revenue per Share
0.14
0.29
0.21
0.04
-0.19
0.18
0.62
0.47
0.43
-0.2
0.53
0.64
Basic EPS, GAAP
0.16
0.32
0.27
0.13
0.37
0.97
1.24
0.94
1.03
1.51
1.32
1.55
Free Cash Flow per Basic Share
0.42
0.1
0.16
0.2
0.25
0.28
0.3
0.3
0.3
0.3
0.3
0.31
Dividend per Share
-0.41
1.83
1.8
2.33
4.39
3.51
3.74
3.82
3.97
3.46
3.65
3.99
Book Value per Share
-2.17
-0.4
-0.45
-0.43
-5.87
-5.16
-5.16
-6.06
-5.98
-5.6
-5.41
-8.83
Tangible Book Value per Share
47
48
51
53
65
76
73
71
70
69
68
68
Basic Weighted Avg Shares
71
90
102
130
213
307
248
283
324
345
387
430
Sales/Revenue/Turnover
12.19
13.58
8.62
6.39
17.18
18.42
27.3
19.33
21.88
26.54
25.01
19.75
Operating Margin (%)
15
15
17
22
33
40
39
36
33
30
31
31
Depreciation Expense
7
14
11
2
-12
14
45
33
30
-14
36
44
Net Income, GAAP
- -
1.94
- -
- -
- -
10.8
26.14
21.31
24.06
700.31
23.16
25.11
Effective Tax Rate (%)
9.31
15.43
10.56
1.76
-5.64
4.55
18.2
11.78
9.3
-3.98
9.42
10.17
Profit Margin (%)
-41
-3
-1
-7
-17
-15
-30
-15
-19
-11
- -
-77
Working Capital
71
35
41
39
348
375
334
400
401
375
356
518
LT Debt
-18
90
95
130
288
274
275
274
286
249
267
285
Total Equity
- -
10.88
- -
- -
- -
7.56
7.51
6.36
7.65
-80.98
11.54
8.44
Return on Invested Capital (%)
- -
14.63
- -
- -
- -
4.52
8.96
6.73
6.92
-27.55
8.87
8.14
Return on Capital (%)
- -
- -
11.92
2.12
-5.86
5.08
16.71
12.22
11
-5.34
14.92
16.72
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'26
Sep'26
Dec'26
ST Debt
4
4
26
LT Borrowings
337
336
499
LT Finance Leases
15
18
19
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
68
68
68
Market Capitalization
690
707
981

Working Capital

FRC

•

in mil. unless spec.
Jun'26
Sep'26
Dec'26
Total Current Assets
115
142
191
Cash, Cash Equivalents & STI
11
15
17
Accounts Receivable, Net
83
95
150
Inventories
3
9
5
Total Current Liabilities
110
128
269
Payables & Accruals
95
113
183
ST Debt
4
4
26
Deferred Revenue
5
7
8

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-44.93%
-0.26%
7.34%
Free Cash Flow
53.03%
7.21%
-13.88%
Net Income, GAAP
-115.36%
-64.73%
-365.19%
Sales/Revenue/Turnover
20.35%
5.62%
12%
Total Cash Common Dividend
10.3%
-0.67%
-1.12%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
79
82
100
84
345
2025
89
94
108
96
387
2026
96
113
125
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.2
0.14
0.13
- -
-0.2
2025
0.11
0.08
0.23
- -
0.53
2026
0.25
0.17
0.11
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
0.07
0.07
- -
0.3
2025
0.07
0.07
0.07
- -
0.3
2026
0.07
0.07
0.08
- -
- -
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Business
Stingray Group Inc. provides music, media, and technology solutions worldwide through its Broadcasting and Commercial Music, Radio, and corporate segments. The company offers audio and video channels on platforms including digital cable TV, satellite TV, IPTV, OTT, internet, mobile devices, game consoles, and connected cars; subscription video-on-demand services such as Qello Concerts by Stingray, Stingray Classica, Stingray DJAZZ, Stingray Karaoke, Stingray Naturescape, ZenLIFE by Stingray, and The Coda Collection; free ad-supported TV (FAST) channels; karaoke products and music apps; in-car and in-flight infotainment content; commercial music solutions featuring background music, digital signage, in-store advertising, AI-driven consumer insights, and audio messaging for retailers, banks, fashion outlets, quick-service restaurants, health clubs, and hospitality venues; and advertising sales across its North American retail audio network and 97 Canadian radio stations reaching over 7 million weekly listeners. Stingray Business serves enterprise brands with in-store experiences while consumer products reach millions via apps and streaming; it also operates streaming and distribution services for content licensing and rights management across retail media networks encompassing over 125,000 locations among 13,000 clients. Founded in 2007 and headquartered in Montreal, Quebec, with additional offices in Toronto and international locations including the United States, Mexico, the United Kingdom, the Netherlands, Germany, and Australia, the company generates primary revenue from Canada, the United States, and other countries. Recent developments include the October 2025 acquisition of DMI to expand its U.S. retail media network by 8,500 locations to 33,500 across North America; the pending acquisition of TuneIn announced in November 2025 for $150 million upfront plus up to $25 million, financed by a $150 million term loan under its renewed credit facility, to create an audio streaming and monetization leader; the August 2025 acquisition of The Singing Machine Company assets to enhance in-car karaoke with integrated microphones; partnerships with Sony Honda Mobility in December 2024 for AFEELA in-car karaoke, HYBE for Qello Concerts content in December 2024, and launches of new channels on LG Channels in Brazil and Mexico in August 2025; plus a refinancing in December 2024 expanding its revolving credit facility to $500 million maturing in 2028.