Key Highlights

  • iHeartMedia (NASDAQ:IHRT) lost about 65% on November 10, 2026, after lowering its 2026 adjusted EBITDA target to USD 550 million to USD 600 million, versus roughly USD 800 million before.
  • Hims & Hers slid 16.61% as profit guidance was trimmed for a third time, while Groupon dropped 23.05% after projecting a flat 2026 Revenue picture.
  • BrightView lost 13.65% on a muted fiscal 2027 plan, and Grocery Outlet shed 6.42% after shaving the upper end of its EBITDA range.
  • Balance sheet strain runs from iHeartMedia's USD 5.02 billion of Debt to Groupon's USD 177.4 million of cash with no stated debt stress.

1. iHeartMedia (NASDAQ:IHRT)

Shares of iHeartMedia (NASDAQ:IHRT), the owner of the biggest cluster of US radio stations plus a sizeable podcast arm, cratered about 65% on November 10 and changed hands near USD 0.62, with nearly 39 million shares traded. The quarter itself was soft. Revenue climbed 3.3% to USD 1.03 billion but missed the roughly USD 1.05 billion that was expected, and adjusted EBITDA slid about 17% to USD 170.5 million. Guidance took the bigger hit: 2026 adjusted EBITDA is now seen at USD 550 million to USD 600 million rather than about USD 800 million, and free Cash Flow at about USD 50 million rather than about USD 200 million. Executives pointed to political ad dollars flowing to television, Brand advertisers pushing back campaigns and programmatic buying spreading faster than planned. What makes this the gravest case is the debt. The company carries USD 5.02 billion of total debt against USD 139.7 million of cash and USD 415.8 million of liquidity, and USD 125 million has been drawn on an asset-based facility. Leverage now sits far above the year-end goal. Bondholders sold alongside Equity holders, which suggests lenders see greater odds of another restructuring. Equity value has dropped under USD 100 million, a sliver of what is owed, and the Business has already been through Bankruptcy once. The reported guidance ranges are worth double-checking.

2. Hims & Hers (NYSE:HIMS)

Hims & Hers (NYSE:HIMS) dropped 16.61% to about USD 19.16 on November 10, following an 11.77% slide a day earlier. Management lowered full-year adjusted EBITDA guidance for the third time in 2026, to USD 257 million to USD 277 million, compared with USD 300 million to USD 375 million set in February, and fourth-quarter revenue guidance of USD 875 million to USD 895 million fell short of hopes. Sales jumped 49% to USD 890.4 million, yet the subscriber count shrank by about 103,000 to 2.79 million. Gross Margin sank to 57% from 74% because weight-loss offerings, which earn less per sale, kept expanding, and a net loss of USD 33.0 million replaced profit. Executives said they chose to hold back Marketing spend until new platform launches. Obligations here are heavy but not threatening. There are about USD 1.37 billion of convertible notes, free cash flow shrank to USD 26.0 million from USD 79.4 million, and selling receivables helped operating cash flow. A lawsuit from the Federal Trade Commission, with five states joining, has produced about USD 60 million of accruals, and a hearing is set for January 14, 2027. With revenue still growing, the worry centers on Earnings and legal expense instead of solvency.

3. Groupon (NASDAQ:GRPN)

Groupon (NASDAQ:GRPN) ended 23.05% lower on November 10. Third-quarter revenue grew just 2%, and 2026 revenue is guided to USD 500 million to USD 503 million, which means flat to up 1%. The loss from continuing operations shrank to USD 0.8 million from USD 117.8 million, but adjusted EBITDA slipped to USD 14.7 million, operating cash outflow reached USD 43.2 million and free cash flow came in at negative USD 45.8 million. In North America local, revenue was flat, units declined 2% and active customers held roughly steady at 16.2 million. Management still targets adjusted EBITDA of USD 60 million to USD 65 million and free cash flow of at least USD 40 million for the year, a goal that leans on a big fourth quarter and may strike investors as optimistic. Restructuring should trim USD 20 million to USD 25 million from annual payroll, and LivingSocial returned in October as an agent-first marketplace. Cash of USD 177.4 million looks thin next to the burn. Investors can expect an update on December 8. On the same day, satellite equipment maker Gilat lost 20.45% after reducing its revenue outlook, a reminder of how little patience the market showed for small caps that let people down.

4. BrightView (NYSE:BV)

BrightView (NYSE:BV), the largest commercial landscaper in the US, finished 13.65% lower on November 11. Fourth-quarter revenue slipped 3.6% to USD 677.3 million, with Maintenance Services up 3.2% but Development Services down 17.8% as commercial building activity cooled. For fiscal 2027, revenue is guided to about USD 2.535 billion to USD 2.720 billion, compared with USD 2.713 billion in fiscal 2026, so the midpoint points to no growth, and adjusted EBITDA is guided to USD 335 million to USD 355 million. For the full year, adjusted Earnings Per Share fell to USD 0.42 from USD 0.76, and Net Income reached only USD 1.0 million. Cash flow is the sore spot. Operating Cash Flow shrank 36.7% to USD 184.7 million, adjusted free cash flow landed at negative USD 2.2 million, and net financial debt climbed USD 211.0 million to USD 1.014 billion, or 3.1 times adjusted EBITDA, with just USD 3.6 million of cash at year-end. Repurchasing 4.1 million shares during the year added to borrowing. Management aims for free cash flow of USD 110 million to USD 130 million and a margin lift of about 110 basis points. Snow removal revenue jumped 39% in fiscal 2026, and a gentle winter would take away that cushion, though high renewal rates on maintenance contracts give a steady foundation.

5. Grocery Outlet (NASDAQ:GO)

Grocery Outlet (NASDAQ:GO) slipped 6.42% on November 11 after it set the 2026 adjusted EBITDA range at USD 225 million to USD 229 million, down from USD 225 million to USD 235 million. That is the gentlest reduction among the five, and comparable sales are growing again. Third-quarter net sales edged up 0.9% to USD 1.18 billion, comparable sales rose 0.5% on transactions up 2.4%, and the comparable sales outlook was lifted to a gain of 0.2% to 0.4%. Earnings were the weak spot: adjusted EBITDA came in at USD 59.4 million versus about USD 66.7 million a year earlier, gross margin eased to 30.0%, and adjusted earnings per share dropped to USD 0.16 from USD 0.21. Net sales guidance of USD 4.70 billion to USD 4.72 billion stays as is. Earlier this year the chain closed 36 stores, finished the period with 561 and now plans 30 to 31 net openings. A non-cash Goodwill Impairment of USD 158.0 million pushed the nine-month result into a net loss. Cash of USD 59.8 million sits against long-term debt of USD 487.0 million, which leaves little cushion if sales soften, although debt is moderate compared with earnings. Competition from dollar stores and Warehouse clubs, plus shrink and wage pressure, threaten margins.

Where Things Stand

iHeartMedia carries the largest Balance Sheet risk among the top 5 companies that cut or disappointed on guidance, since an EBITDA reduction of about one quarter hits USD 5.02 billion of debt, USD 139.7 million of cash and equity worth less than USD 100 million. BrightView shows negative free cash flow and 3.1 times leverage, Groupon is burning cash, Hims & Hers has convertible notes and legal exposure, and Grocery Outlet looks the most manageable. Canadian investors should watch iHeartMedia's debt maturities and any creditor negotiations.