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Newsmax, Inc.(NMAX)Earnings, Financials & Key Ratios
NMAX•NYSE
$5.99
$773M mkt cap·Price updated May 6, 2026
AboutNewsmax Inc., through its subsidiaries, operates as television broadcaster and multi-platform content publisher. It operates in two segments broadcasting and digital. The company produces and licenses news, business news, and lifestyle content comprising Newsmax and Newsmax2 that offers 24/7 television news and informational programming channel. It also provides online advertising, including online display, email advertising, other online placements, print advertisements, subscriptions, including our collection of specialized health and financial newsletters, Newsmax Magazine and four online membership programs, and (3) e-commerce, primarily through our subsidiaries that sell nutraceuticals and nonfiction books on political, financial and health-related topics. The company was founded in 1998 and is based in Boca Raton, Florida. Newsmax Inc. operates as a subsidiary of Christopher Ruddy Revocable TrustShow more
- Revenue$171M+26.4%
- EBITDA-$64M-53.6%
- Net Income-$72M-72.8%
- EPS (Diluted)-0.62-67.6%
- Gross Margin49.15%+19.1%
- EBITDA Margin-37.21%-21.5%
- Operating Margin-40.82%-22.5%
- Net Margin-42.2%-36.7%
- ROIC-2.58%+99.5%
- Interest Coverage-762.60+33.3%
NMAX Key Insights
Newsmax, Inc. (NMAX) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Efficient asset utilization: 1.2x turnover
✗Weaknesses
- ✗Negative free cash flow
- ✗Weak momentum: RS Rating 18 (bottom 18%)
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
NMAX Price & Volume
Newsmax, Inc. (NMAX) stock price & volume — 10-year historical chart
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NMAX Growth Metrics
Newsmax, Inc. (NMAX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM11.76%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-60.56%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM17.04%
Return on Capital
10 Years-184.82%
5 Years-184.82%
3 Years-184.82%
Last Year-323.28%
NMAX Recent Earnings
Newsmax, Inc. (NMAX) EPS & revenue vs analyst estimates — last 3 quarters
●Beat EPS 2/3 qtrs (67%)●Beat Revenue 3/3 qtrs (100%)
Q2 2026Latest
Mar 26, 2026EPS
$0.03
Est $0.07
+64.3%
Revenue
$52M
Est $44M
+18.6%
Q4 2025
Nov 13, 2025EPS
$0.04
Est $0.12
+66.7%
Revenue
$45M
Est $44M
+2.9%
Q3 2025
Aug 19, 2025EPS
$0.59
Est $0.02
-2850.0%
Revenue
$46M
Est $45M
+3.4%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 26, 2026 | $0.03vs $0.07+64.3% | $52Mvs $44M+18.6% |
| Q4 2025 | Nov 13, 2025 | $0.04vs $0.12+66.7% | $45Mvs $44M+2.9% |
| Q3 2025 | Aug 19, 2025 | $0.59vs $0.02-2850.0% | $46Mvs $45M+3.4% |
Based on last 3 quarters of dataView full earnings history →
NMAX Peer Comparison
Newsmax, Inc. (NMAX) competitors in Pay TV Networks and Channels — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 FOX | 13.21B | 56.22 | 11.45 | 16.6% | 11.41% | 17% | 0.60 | |
 FOXA | 13.94B | 62.21 | 12.67 | 16.6% | 11.41% | 17% | 0.60 | |
 WBD | 68.18B | 27.20 | 93.79 | -5.15% | 1.95% | 1.98% | 0.88 | |
 NYT | 13.55B | 83.66 | 40.03 | 9.24% | 13.18% | 19.22% | 0.02 | |
 SSP | 433.96M | 4.93 | -2.64 | -14.31% | -7.65% | -13.2% | 0.01 | |
 NWSA | 14.93B | 26.20 | 12.66 | 2.42% | 12.19% | 11.4% | 0.31 | |
 GTN | 536.41M | 5.53 | -6.28 | -15.07% | -2.75% | -3.94% | 0.03 | |
 SBGI | 1.04B | 14.83 | -9.21 | -10.68% | -3.53% | -34.28% | 12.21 |
Compare NMAX vs Peers
Newsmax, Inc. (NMAX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NMAX Income Statement
Newsmax, Inc. (NMAX) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|
| Sales/Revenue | 135.31M | 135.28M | 171.02M | 182.61M |
| Revenue Growth % | - | -0.03% | 26.42% | 11.76% |
| Cost of Goods Sold | 78.94M | 79.46M | 86.97M | 105.22M |
| COGS % of Revenue | 58.34% | 58.74% | 50.85% | - |
| Gross Profit | 56.37M▲ 0% | 55.82M▼ 1.0% | 84.05M▲ 50.6% | 77.39M▲ 0% |
| Gross Margin % | 41.66% | 41.26% | 49.15% | 42.38% |
| Gross Profit Growth % | - | -0.98% | 50.57% | - |
| Operating Expenses | 75.85M | 100.92M | 153.86M | 179.68M |
| OpEx % of Revenue | 56.05% | 74.6% | 89.97% | - |
| Selling, General & Admin | 75.85M | 73.82M | 150.74M | 167.46M |
| SG&A % of Revenue | 56.05% | 54.57% | 88.14% | - |
| Research & Development | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - |
| Other Operating Expenses | 0 | 27.09M | 3.12M | 2.47M |
| Operating Income | -19.47M▲ 0% | -45.1M▼ 131.6% | -69.81M▼ 54.8% | -102.28M▲ 0% |
| Operating Margin % | -14.39% | -33.34% | -40.82% | -56.01% |
| Operating Income Growth % | - | -131.56% | -54.8% | - |
| EBITDA | -16.91M | -41.42M | -63.64M | -96.25M |
| EBITDA Margin % | -12.5% | -30.62% | -37.21% | -52.71% |
| EBITDA Growth % | - | -144.9% | -53.63% | -60.01% |
| D&A (Non-Cash Add-back) | 2.56M | 3.67M | 6.17M | 6.03M |
| EBIT | -19.9M | -41.72M | -72.08M | -103.54M |
| Net Interest Income | 281.37K | 104.3K | 488.96K | 5.28M |
| Interest Income | 281.37K | 143.76K | 580.5K | 5.3M |
| Interest Expense | 0 | 39.46K | 91.54K | 18.97K |
| Other Income/Expense | -442.89K | 3.34M | -2.36M | -2.51M |
| Pretax Income | -19.92M▲ 0% | -41.76M▼ 109.7% | -72.17M▼ 72.8% | -104.79M▲ 0% |
| Pretax Margin % | -14.72% | -30.87% | -42.2% | -57.39% |
| Income Tax | 19.21K | 18.55K | 0 | 59.95K |
| Effective Tax Rate % | -0.1% | -0.04% | 0% | -0.06% |
| Net Income | -19.94M▲ 0% | -41.78M▼ 109.6% | -72.17M▼ 72.8% | -104.85M▲ 0% |
| Net Margin % | -14.73% | -30.88% | -42.2% | -57.42% |
| Net Income Growth % | - | -109.55% | -72.75% | -60.56% |
| Net Income (Continuing) | -19.94M | -41.78M | -72.17M | -104.85M |
| Discontinued Operations | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.31▲ 0% | -0.37▼ 19.4% | -0.62▼ 67.6% | -0.82▲ 0% |
| EPS Growth % | - | -19.35% | -67.57% | 17.04% |
| EPS (Basic) | -0.31 | -0.37 | -0.62 | - |
| Diluted Shares Outstanding | 82.13M | 128.41M | 128.41M | 128.48M |
| Basic Shares Outstanding | 63.65M | 128.41M | 128.41M | 128.48M |
| Dividend Payout Ratio | - | - | - | - |
NMAX Balance Sheet
Newsmax, Inc. (NMAX) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|
| Total Current Assets | 42.47M | 35.42M | 118.29M | 192.24M |
| Cash & Short-Term Investments | 11.44M | 7.26M | 82.36M | 150.36M |
| Cash Only | 4.05M | 6.04M | 24.05M | 34.18M |
| Short-Term Investments | 7.39M | 1.22M | 58.31M | 116.18M |
| Accounts Receivable | 18.74M | 21.97M | 28.27M | 30.62M |
| Days Sales Outstanding | 50.54 | 59.28 | 60.33 | 58.65 |
| Inventory | 3.83M | 3.83M | 1.79M | 1.8M |
| Days Inventory Outstanding | 17.73 | 17.62 | 7.52 | 6.17 |
| Other Current Assets | 0 | 1.63M | 5.69M | 9.46M |
| Total Non-Current Assets | 24.4M | 36.19M | 27.78M | 41.1M |
| Property, Plant & Equipment | 23.61M | 18.6M | 13.42M | 11.1M |
| Fixed Asset Turnover | 5.73x | 7.27x | 12.75x | 15.16x |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 20M |
| Other Non-Current Assets | 790.88K | 17.6M | 14.36M | 49.28M |
| Total Assets | 66.87M▲ 0% | 71.61M▲ 7.1% | 146.07M▲ 104.0% | 233.33M▲ 0% |
| Asset Turnover | 2.02x | 1.89x | 1.17x | 0.80x |
| Asset Growth % | - | 7.09% | 103.98% | 440.93% |
| Total Current Liabilities | 34.11M | 51.85M | 122.65M | 70.22M |
| Accounts Payable | 15.04M | 19.61M | 14.67M | 15.84M |
| Days Payables Outstanding | 69.54 | 90.07 | 61.57 | 53.79 |
| Short-Term Debt | 0 | 500K | 4.09B | 3.48M |
| Deferred Revenue (Current) | 0 | 14.85M | 13.65M | 35.56M |
| Other Current Liabilities | 10.93M | 7.28M | -4.02B | 36.78M |
| Current Ratio | 1.24x | 0.68x | 0.96x | 0.96x |
| Quick Ratio | 1.13x | 0.61x | 0.95x | 0.95x |
| Cash Conversion Cycle | -1.27 | -13.17 | 6.28 | 11.03 |
| Total Non-Current Liabilities | 14.66M | 43.35M | 32.49M | 57.15M |
| Long-Term Debt | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 11.44M | 8.07M | 4.18M | 11.81M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 3.22M | 32.16M | 25.48M | 157.12M |
| Total Liabilities | 48.77M | 95.19M | 155.14M | 127.37M |
| Total Debt | 14.98M | 12.41M | 4.1B | 5.21M |
| Net Debt | 10.93M | 6.37M | 4.08B | -28.97M |
| Debt / Equity | 0.83x | - | - | 0.05x |
| Debt / EBITDA | - | - | - | -0.05x |
| Net Debt / EBITDA | - | - | - | 0.30x |
| Interest Coverage | - | -1142.78x | -762.60x | -5459.30x |
| Total Equity | 18.1M▲ 0% | -23.58M▼ 230.3% | -9.07M▲ 61.6% | 105.96M▲ 0% |
| Equity Growth % | - | -230.3% | 61.56% | 1575.74% |
| Book Value per Share | 0.22 | -0.18 | -0.07 | 0.82 |
| Total Shareholders' Equity | 18.1M | -23.58M | -9.07M | 105.96M |
| Common Stock | 10 | 10 | 10 | 129.12K |
| Retained Earnings | -108.71M | -153.04M | -227.77M | -324.9M |
| Treasury Stock | -14.62M | -14.62M | -14.62M | 0 |
| Accumulated OCI | -93.68K | 0 | -52.85K | 810.73K |
| Minority Interest | 0 | 0 | 0 | 0 |
NMAX Cash Flow Statement
Newsmax, Inc. (NMAX) cash flow — operating, investing & free cash flow history
| Line item | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|
| Cash from Operations | -7.32M | -3.83M | -48.69M | -48.69M |
| Operating CF Margin % | -5.41% | -2.83% | -28.47% | - |
| Operating CF Growth % | - | 47.63% | -1170.71% | -3088.58% |
| Net Income | -19.94M | -41.78M | -72.17M | -104.85M |
| Depreciation & Amortization | 2.56M | 3.67M | 6.17M | 6.03M |
| Stock-Based Compensation | 0 | 0 | 0 | 4.99M |
| Deferred Taxes | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 3.01M | 29.73M | 12.88M | 16.14M |
| Working Capital Changes | 7.05M | 4.55M | 4.43M | -18.34M |
| Change in Receivables | 3.13M | -5.79M | -6.55M | -4.93M |
| Change in Inventory | -1.3M | -873 | 2.04M | 514.28K |
| Change in Payables | 6.82M | 4.5M | -5.09M | 878.14K |
| Cash from Investing | -5.6M | 5.4M | -58.43M | -114.99M |
| Capital Expenditures | -5.88M | -916.99K | -996.29K | -2.28M |
| CapEx % of Revenue | 4.35% | 0.68% | 0.58% | - |
| Acquisitions | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 |
| Cash from Financing | 0 | 427.44K | 125.13M | 228.75M |
| Debt Issued (Net) | 0 | 427.44K | -689.37K | -703.46K |
| Equity Issued (Net) | 0 | 0 | 1000K | 1.85M |
| Dividends Paid | 0 | 0 | 0 | -915.07K |
| Share Repurchases | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | 0 | 6.71M |
| Net Change in Cash | 4.05M▲ 0% | 1.99M▼ 50.8% | 18.02M▲ 804.8% | -824.78K▲ 0% |
| Free Cash Flow | -13.2M▲ 0% | -4.75M▲ 64.0% | -49.68M▼ 946.3% | -96.87M▲ 0% |
| FCF Margin % | -9.76% | -3.51% | -29.05% | -53.05% |
| FCF Growth % | - | 64.03% | -946.3% | -371.75% |
| FCF per Share | -0.16 | -0.04 | -0.39 | -0.39 |
| FCF Conversion (FCF/Net Income) | 0.37x | 0.09x | 0.67x | 0.92x |
| Interest Paid | 0 | 24.96K | 42.3K | 12.99K |
| Taxes Paid | 0 | 0 | 0 | 0 |
NMAX Key Ratios
Newsmax, Inc. (NMAX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2023 | 2024 | TTM |
|---|---|---|---|
| Return on Equity (ROE) | - | - | -98.95% |
| Return on Invested Capital (ROIC) | -572.61% | -2.58% | -2.58% |
| Gross Margin | 41.26% | 49.15% | 42.38% |
| Net Margin | -30.88% | -42.2% | -57.42% |
| Debt / Equity | - | - | 0.05x |
| Interest Coverage | -1142.78x | -762.60x | -5459.30x |
| FCF Conversion | 0.09x | 0.67x | 0.92x |
| Revenue Growth | -0.03% | 26.42% | 11.76% |
NMAX SEC Filings & Documents
Newsmax, Inc. (NMAX) SEC filings — annual & quarterly reports (10-K, 10-Q)
NMAX Frequently Asked Questions
Newsmax, Inc. (NMAX) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Newsmax, Inc. (NMAX) reported $182.6M in revenue for fiscal year 2024. This represents a 35% increase from $135.3M in 2022.
Newsmax, Inc. (NMAX) grew revenue by 26.4% over the past year. This is strong growth.
Newsmax, Inc. (NMAX) reported a net loss of $104.9M for fiscal year 2024.
Dividend & Returns
Newsmax, Inc. (NMAX) had negative free cash flow of $96.9M in fiscal year 2024, likely due to heavy capital investments.
Explore More NMAX
Newsmax, Inc. (NMAX) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
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Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates