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Stock research / United States / NMAX · Television Broadcasting Stations · NYSE

Newsmax Inc. (NMAX)

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Newsmax Inc. (NMAX) reported revenue of $54 million for Q2 FY2026, the quarter ended 30 June 2026, up 16.5% on the same quarter a year earlier. Net income was $3 million, and diluted earnings per share $0.02. The figures are the company's own, from the 10-Q it filed with the SEC on 13 August 2026.

Revenue$54 millionup 16.5%
Net income$3 million
Diluted EPS$0.02
QuarterQ2 FY2026ended 30 June 2026

Newsmax (NMAX) in brief

Newsmax (NMAX) reported revenue of $189 million for fiscal 2025, the year ended 31 December 2025, up 10.7% on the year before.
Read moreNet loss was $99 million and the diluted loss per share $0.96. Revenue was $171 million in fiscal 2024. Net income in the same years was a loss of $72 million. Over the twelve months to 30 June 2026, Newsmax reported revenue of $203 million and net loss of $6 million. Newsmax had 129 million shares outstanding at the latest filed count. At 30 June 2026 it carried $0 million of debt and $26 million of cash. At the close of 30 October 2026 the market cap of Newsmax was $1.0 billion.

Ratios

From the filings

ROE-5.7%
ROCE-13.3%
Operating margin-7.4%
Net margin-3.2%
FCF margin-35.2%
Interest cover-1,053.99
Debt to equity0.00
Cash conversionn/a
Share count, last 12 months0.1%
Sales CAGR, 3 yearsn/a
Profit CAGR, 3 yearsn/a
EPS, TTMn/a

At the close of 30 October 2026

Price$8.05
Market cap$1.0 billion
Stock P/En/a
Price to book9.19
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales5.11
52-week high$11.43
52-week low$5.16
Price, 1 year-19.7%
Price CAGR, 3 yearsn/a
Price CAGR, 5 yearsn/a
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Newsmax Inc.'s balance sheet shows no borrowings, so debt here is nil; lease liabilities are a separate line. Nothing here is a valuation or a view.
NMAXgreeksoup.ai
Daily prices to 30 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on NMAX

Dividends$915,069 paid in cash dividends in FY2025
Filings13 in twelve months: 6 current reports (8-K), about 5 regulation FD disclosure; 4 results of operations; 1 shareholder vote; 1 officer or director change
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 0.43 by open interest at the 30 October 2026 close; the straddle prices a 9.9% move to 6 November 2026
13F holders234 funds reported a position for the quarter to 30 June 2026; largest Greenwich Wealth Management LLC
Insider trading13 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest5.0 million shares short, 6.32 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 10 quarters

Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025 †Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue40.639.243.547.745.346.445.352.251.754.1
Gross profit20.316.719.821.221.717.616.019.219.923.3
Gross margin50%43%45%44%48%38%35%37%39%43%
Operating income-50.8-4.8-8.8-5.4-11.6-76.4-7.2-4.7-4.51.3
Operating margin-125%-12%-20%-11%-26%-165%-16%-9%-9%2%
Interest expense0.00.00.00.00.00.00.00.00.00.0
Pre-tax income-50.7-4.8-9.8-6.9-17.2-75.2-4.1-3.0-2.22.9
Tax raten/an/an/an/an/an/an/an/an/a0%
Net income-50.7-4.8-9.8-6.9-17.2-75.2-4.1-3.0-2.22.9
Net margin-125%-12%-22%-14%-38%-162%-9%-6%-4%5%
Diluted EPS-$1.27-$0.15-$0.29n/a-$0.49-$0.59-$0.03n/a-$0.02$0.02
Operating cash flow-3.3-4.1-13.8-27.5-15.7-23.2-68.12.6-2.6-0.1
Capital expenditure0.10.10.30.50.00.61.10.90.21.1
Free cash flow-3.4-4.2-14.0-28.0-15.8-23.8-69.21.8-2.9-1.3
Dividends paid0.00.00.00.00.30.60.00.00.00.0
Shares outstandingn/an/an/an/a128m129m129m129m129m129m
Filing10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A blank figure marked on a quarter is one the filings do not give on their own: the quarters as filed do not add to the year the company filed, or the year and its quarters stand on different share counts. Each quarter's page says which. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 2 fiscal years and the trailing twelve months

FY2024 †FY2025TTM
Revenue171189203
Gross profit78.074.478.4
Gross margin45.6%39.3%38.6%
Operating income-69.8-99.9-15.0
Operating margin-40.8%-52.8%-7.4%
Interest expense0.10.00.0
Pre-tax income-72.2-99.5-6.4
Income tax0.00.0-0.0
Net income-72.2-99.5-6.4
Net margin-42.2%-52.6%-3.2%
Diluted EPS-$1.95-$0.96n/a
Filing10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2024 to FY2025

FY2024FY2025Share
of the parts, latest year
Broadcasting13115381.0%
Digital40.335.919.0%
BroadcastingDigital
171FY2024189FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2024 †FY2025TTM
Operating cash flow-48.7-104-68.3
Capital expenditure1.02.73.3
Free cash flow-49.7-107-71.6
Free cash flow margin-29.1%-56.6%-35.2%
Cash from investing-58.4-53.159.5
Cash from financing1251540.9
Depreciation and amortisation6.26.36.3
Share-based compensation0.012.013.6
Dividends paid0.00.90.0
Diluted shares, weighted41m108m129m
Shares outstanding at period endn/an/a129m
Filing10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2024 †FY2025TTM
Funded by
Shareholders' equity-138106113
Redeemable equity1290.00.0
Debt0.00.00.0
Operating lease liabilities4.05.3n/a
Finance lease liabilities0.10.0n/a
Other liabilities151129117
Total liabilities and equity146240230
Owned
Securities held for sale or to maturity50.890.379.8
Cash and equivalents24.120.425.9
Receivables28.333.441.4
Inventory1.82.01.9
Other assets41.293.781.3
Total assets146240230
Filing10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/an/an/a11.1%
Profit growth, compoundedn/an/an/an/a
Return on equity, averagen/an/an/a-93.8%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Newsmax's revenue in fiscal 2025?

Newsmax (NMAX) reported revenue of $189 million for fiscal 2025, the year ended 31 December 2025, up 10.7% on the year before.

How much did Newsmax earn in fiscal 2025?

Net loss was $99 million for fiscal 2025, and the diluted loss per share $0.96.

What is Newsmax's market cap?

The market cap of Newsmax was $1.0 billion at the close of 30 October 2026.

How much debt does Newsmax have?

At 30 June 2026 Newsmax carried $0 million of debt and $26 million of cash.

Peers: Communication

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Fox Corp. FOXA$27.8 billion16.4714.5%n/a5.1%0.57n/a
Fox Corp. FOX$24.7 billion14.6414.5%n/a5.1%0.57n/a
Skydance Corp. SKYD$8.5 billionn/a-3.5%4.7%n/a1.29n/a
Nexstar Media Group, Inc. NXST$5.3 billion32.938.3%17.8%10.5%5.184.3%
Versant Media Group, Inc. VSNT$4.4 billionn/an/an/an/a0.36n/a
Uniti Group Inc. UNIT$1.2 billion1.87666.9%3.2%n/a65.860.0%
Newsmax Inc. NMAX$1.0 billionn/a-5.7%-7.4%11.1%0.00n/a
Sinclair, Inc. SBGI$926 million17.0813.7%6.6%-6.5%10.68n/a
Liberty Capital Corp. GLIBA$898 millionn/a-19.4%-38.3%n/a0.70n/a
Entravision Communications Corp. EVC$562 million608.505.0%3.1%71.4%1.883.3%
Gray Media, Inc. GTN$461 millionn/a-1.2%13.8%-11.3%2.737.1%
E.W. Scripps Co. SSP$243 millionn/a-1,206.2%-50.3%-14.2%24.77n/a
All 50 in Communication
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Verizon Communications Inc. VZ$185.5 billion11.4115.3%20.9%1.4%1.556.3%
T-Mobile US, Inc. TMUS$166.3 billion15.1020.1%20.7%9.3%1.492.7%
AT&T Inc. T$144.4 billion11.5910.7%18.3%3.5%1.305.2%
Spotify Technology S.A. SPOT *$122.3 billion50.4726.6%12.8%9.7%0.18n/a
Comcast Corp. CMCSA$82.8 billion7.3512.2%14.7%-0.3%0.945.7%
Chunghwa Telecom Co. Ltd. CHT *$38.0 billion32.0210.1%20.6%2.7%0.073.3%
Vodafone Group Public Limited Company VOD *$36.6 billionn/a-0.8%7.0%8.0%1.043.5%
EchoStar Corp. ECHO$28.2 billionn/a-40.1%-112.7%-5.2%1.23n/a
Fox Corp. FOXA$27.8 billion16.4714.5%n/a5.1%0.57n/a
Fox Corp. FOX$24.7 billion14.6414.5%n/a5.1%0.57n/a
Roku, Inc. ROKU$23.0 billion66.3012.6%5.2%18.5%0.00n/a
AST SpaceMobile, Inc. ASTS$15.9 billionn/a-25.8%n/a2,265.6%1.24n/a
Charter Communications, Inc. CHTR$13.5 billion2.8929.0%23.3%-1.5%5.54n/a
Tencent Music Entertainment Group TME *$13.2 billionn/a13.8%40.6%15.8%0.042.1%
Globalstar, Inc. GSAT$10.7 billionn/a-18.6%4.7%7.7%1.23n/a
Viasat Inc. VSAT$10.6 billionn/a-0.6%2.4%1.3%1.25n/a
Sirius XM Holdings Inc. SIRI$9.8 billion11.707.4%19.0%0.5%0.773.7%
Skydance Corp. SKYD$8.5 billionn/a-3.5%4.7%n/a1.29n/a
Nexstar Media Group, Inc. NXST$5.3 billion32.938.3%17.8%10.5%5.184.3%
Lumen Technologies, Inc. LUMN$5.0 billionn/an/a1.7%-7.7%n/an/a
Iridium Communications Inc. IRDM$4.8 billion29.7628.3%19.0%3.6%3.711.3%
Versant Media Group, Inc. VSNT$4.4 billionn/an/an/an/a0.36n/a
Telephone & Data Systems Inc. TDS$3.9 billionn/an/an/an/a0.130.5%
Array Digital Infrastructure, Inc. AD$2.8 billionn/an/an/an/a0.53134.6%
Liberty Global Ltd. LBTYA$2.7 billionn/a-32.9%-1.8%5.4%0.90n/a
Adeia Inc. ADEA$2.4 billion19.8625.7%41.6%24.3%0.810.9%
Calix, Inc. CALX$2.3 billion49.747.2%5.5%27.8%0.000.0%
IDT Corp. IDT$2.0 billion23.6223.0%9.3%5.4%0.000.3%
Ziff Davis, Inc. ZD$1.9 billion3.1028.8%5.5%-8.5%0.39n/a
Anterix Inc. ATEX$1.8 billion25.9523.0%1,011.3%18.9%0.00n/a
Liberty Latin America Ltd. LILA$1.7 billionn/an/a14.3%1.1%15.98n/a
Uniti Group Inc. UNIT$1.2 billion1.87666.9%3.2%n/a65.860.0%
Newsmax Inc. NMAX$1.0 billionn/a-5.7%-7.4%11.1%0.00n/a
Sinclair, Inc. SBGI$926 million17.0813.7%6.6%-6.5%10.68n/a
Liberty Capital Corp. GLIBA$898 millionn/a-19.4%-38.3%n/a0.70n/a
Shenandoah Telecommunications Co. SHEN$563 millionn/a-4.5%-3.9%5.5%0.891.1%
Entravision Communications Corp. EVC$562 million608.505.0%3.1%71.4%1.883.3%
Gray Media, Inc. GTN$461 millionn/a-1.2%13.8%-11.3%2.737.1%
ATN International, Inc. ATNI$396 million2.50n/a37.7%2.0%0.864.4%
Spire Global, Inc. SPIR$360 millionn/a-64.8%-146.7%-33.1%0.00n/a
Cogent Communications Holdings, Inc. CCOI$345 millionn/an/a8.0%-4.5%n/a15.9%
AMC Global Media Inc. AMCX$325 millionn/a-2.2%2.3%-4.6%1.82n/a
Gogo Inc. GOGO$320 million236.00-0.7%11.5%30.0%6.77n/a
TechTarget, Inc. TTGT$255 millionn/a-35.3%-46.5%25.3%0.24n/a
Spok Holdings, Inc. SPOK$250 million13.4413.0%12.9%-3.3%0.0010.4%
E.W. Scripps Co. SSP$243 millionn/a-1,206.2%-50.3%-14.2%24.77n/a
Optimum Communications, Inc. OPTU$206 millionn/an/a-35.3%-4.4%n/a0.0%
KVH Industries Inc. KVHI$143 millionn/a-4.5%-7.0%15.8%0.00n/a
Townsquare Media, Inc. TSQ$49 millionn/an/a0.6%-4.9%n/a27.1%
iHeartMedia, Inc. IHRT$9 millionn/an/a0.2%3.1%n/an/a
9 companies share its SEC industry code (Television Broadcasting Stations); the rest are the names nearest in size in its wider industry, Communication, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202613 August 2026EDGAR
10-Q31 March 202614 May 2026EDGAR
10-K31 December 202526 March 2026EDGAR
10-Q30 September 202513 November 2025EDGAR
10-Q30 June 202519 August 2025EDGAR
10-Q31 March 202515 May 2025EDGAR
10-K/A31 December 20242 April 2025EDGAR
10-K31 December 202431 March 2025EDGAR