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NMAX

Newsmax, Inc.

NMAX

Newsmax, Inc. • NYSE
$8.30 ▲ 1.10% (+0.09)
Market Cap $746.09 M
52w High $265.00
52w Low $7.31
Dividend Yield 0%
P/E -9.65
Volume 270.07K
Outstanding Shares 89.89M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $45.273M ▼ $22.469M ▼ $-4.115M ▲ -9.09% ▲ $-0.032 ▲ $-2.529M ▲
Q2-2025 $46.44M ▲ $94.047M ▲ $-75.176M ▼ -161.878% ▼ $-0.58 ▼ $-73.66M ▼
Q1-2025 $45.302M ▼ $33.24M ▲ $-17.233M ▼ -38.039% ▼ $-0.49 ▲ $-15.72M ▼
Q4-2024 $45.595M $29.92M $-8.329M -18.268% $-0.69 ▼ $-5.597M
Q3-2024 $45.595M $29.92M $-8.329M -18.268% $-0.55 $-5.597M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $150.357M ▼ $233.331M ▼ $127.37M ▼ $105.961M ▼
Q2-2025 $197.895M ▼ $259.798M ▼ $152.945M ▲ $106.853M ▼
Q1-2025 $216.52M ▲ $278.207M ▲ $100.827M ▼ $177.38M ▲
Q4-2024 $82.364M $146.073M $155.14M $-9.067M
Q3-2024 $82.364M $146.073M $155.14M $-9.067M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-4.115M ▲ $-28.134M ▼ $47.676M ▲ $797.271K ▼ $339.539K ▲ $-29.228M ▼
Q2-2025 $-75.176M ▼ $-23.222M ▼ $-74.921M ▼ $5.267M ▼ $-92.877M ▼ $-23.838M ▼
Q1-2025 $-17.233M ▼ $-15.726M ▲ $-29.496M ▼ $147.888M ▲ $102.666M ▲ $-15.799M ▲
Q4-2024 $-8.329M ▲ $-20.629M ▼ $-29.269M ▼ $58.598M ▲ $0 ▼ $-21.023M ▼
Q3-2024 $-9.77M $-13.753M $-289.717K $42.397M $28.354M $-14.043M

Five-Year Company Overview

Income Statement

Income Statement Newsmax shows a small but growing revenue base, with sales inching up over the last few years rather than surging. However, costs have been rising faster than revenue, so operating losses have widened. The company is clearly still in a “build and scale” phase, accepting ongoing losses to grow its audience and streaming footprint. Profitability is not yet in sight based on recent trends, and earnings per share have been moving further into negative territory, which underlines the early‑stage, higher‑risk profile of the business model.

Balance Sheet

Balance Sheet The balance sheet is relatively light, with modest total assets and only a small amount of debt, which keeps financial leverage low. Cash has improved slightly but still looks tight for a media company that is investing for growth. A key concern is that shareholder equity has turned negative, meaning accumulated losses have outpaced the capital base. This does not automatically mean distress, but it does signal a thinner financial cushion and a greater dependence on future funding or improved profitability to strengthen the balance sheet.

Cash Flow

Cash Flow Newsmax is now using cash in its day‑to‑day operations after being closer to breakeven previously. Free cash flow has recently been negative, reflecting both operating losses and the need to keep investing, even though capital spending itself appears modest. In practice, this means the business is not self‑funding yet and likely needs outside capital or stronger cash generation from its new subscription and streaming initiatives to sustain its current strategy over time.

Competitive Edge

Competitive Edge Newsmax operates in a very crowded and politically sensitive media arena, but it has carved out a distinct position as a conservative news brand with a highly loyal, older audience. Its strength lies in that dedicated niche, strong social engagement relative to its size, and a revenue mix that spans advertising, cable and satellite fees, subscriptions, and direct‑to‑consumer products. At the same time, it faces intense competition from larger conservative outlets and mainstream networks, exposure to shifts in viewer tastes and distribution deals, and reputational and regulatory risks tied to politics and content.

Innovation and R&D

Innovation and R&D Innovation at Newsmax is more about strategy and partnerships than traditional lab‑style R&D. The company has leaned into a digital‑first, multi‑platform approach, using technology partners to deliver streaming, over‑the‑top services, and a unified viewing experience. The launch of its subscription service, Newsmax+, and the ad‑supported Newsmax2 channel are central bets on direct‑to‑consumer streaming. Management is also experimenting at the edges with crypto holdings and talking about future use of AI and personalization. These moves could deepen engagement and diversify revenue, but they also introduce execution risk and potential distraction if not tightly focused.

Summary

Overall, Newsmax looks like an early‑stage, niche media growth story: revenue is growing slowly from a small base, losses are widening, and the company is leaning on a distinct brand and loyal audience while it pivots aggressively into streaming and subscriptions. The balance sheet is thin and equity is negative, which heightens financial risk until the business model proves it can generate sustained cash. On the strategic side, the company benefits from a clear identity, diversified revenue streams, and a modern, multi‑platform delivery strategy, but it operates in a highly competitive, polarized space where viewer attention, distribution access, and execution on new services will be critical to its long‑term trajectory.

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November 13, 2025 · 4:05 PM UTC

Newsmax Announces Third Quarter 2025 Financial Results

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October 28, 2025 · 4:05 PM UTC

Newsmax to Report Third Quarter 2025 Financial Results

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