Newsmax (NMAX) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 27, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NMAX SEC filings page.
Newsmax, Inc. (NMAX) reported $203.3M in revenue over the twelve months to Jun 30, 2026, up 11.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Sales expanded, but weaker margins and deeper cash consumption outweighed a major balance-sheet improvement during FY2025.
FY2025’s net loss was$99.5M , while operating cash flow was-$104.5M , showing that the accounting loss translated almost directly into cash consumption. In FY2024, the corresponding figures were a net loss of$72.2M and operating cash flow of-$48.7M , so the newer result reflects worsening cash conversion rather than merely a larger reported loss.
Revenue rose
Liabilities fell
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Newsmax, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Newsmax, Inc. has an operating margin of -52.8%, meaning the company loses $53 on every $100 of revenue. This results in a profitability score of 30/100. This is down from -40.8% the prior year.
Newsmax, Inc.'s revenue grew 10.7% year-over-year to $189.3M, a solid pace of expansion. This earns a growth score of 66/100.
With a current ratio of 2.40, Newsmax, Inc. holds $2.40 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 68/100.
Newsmax, Inc.'s operations used $104.5M of cash, and capex of $2.7M added to the outflow, for a free cash flow shortfall of $107.1M. This results in a cash flow score of 6/100.
Newsmax, Inc. posts a -93.8% return on equity (ROE), meaning it loses $94 for every $100 of shareholders' equity. This results in a returns score of 15/100.
Newsmax, Inc. scores 2.69, placing it in the grey zone between 1.81 and 2.99. The largest contribution to the score comes from a market capitalization of $1.0B against total liabilities of $133.8M. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Newsmax, Inc. passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.
Newsmax, Inc. reported a net loss of $99.5M while operations used $104.5M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Newsmax, Inc. reported an operating loss of $99.9M against $23K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Newsmax, Inc. generated $54.1M in revenue in Q2 2026. This represents an increase of 16.5% from the same quarter a year earlier. Against the prior quarter it is up 4.8%.
Newsmax, Inc.'s EBITDA was $1.8M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Newsmax, Inc. reported $2.9M in net income in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Newsmax, Inc. earned $0.02 per diluted share (EPS) in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
Newsmax, Inc. recorded an outflow of $1.3M in free cash flow in Q2 2026, representing a cash shortfall after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Newsmax, Inc. held $25.9M in cash as of Q2 2026; no long-term debt figure is on record for that period.
Not reported for Q2 2026.
Margins & Returns
Newsmax, Inc.'s gross margin was 43.1% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 5.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.5 percentage points.
Newsmax, Inc.'s operating margin was 2.4% in Q2 2026, reflecting core business profitability. Against the prior quarter it is up 11.1 percentage points. No change is given against Q2 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Newsmax, Inc.'s net profit margin was 5.3% in Q2 2026, showing the share of revenue converted to profit. Against the prior quarter it is up 9.5 percentage points. No change is given against Q2 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Newsmax, Inc.'s quarterly ROE was 2.5% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is up 72.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.6 percentage points.
Capital Allocation
Newsmax, Inc. invested $1.1M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 75.3% from the same quarter a year earlier. Against the prior quarter it is up 368.2%.
Not reported for Q2 2026.
Not reported for Q2 2026.
NMAX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $54.1M+16.5% | $51.7M+14.0% | $52.2M+9.6% | $45.3M+4.0% | $46.4M+18.4% | $45.3M+11.6% | $47.7M | $43.5M |
| Gross Profit | $23.3M+32.3% | $19.9M+2.4% | $21.4M+0.7% | $16.0M-19.2% | $17.6M+5.5% | $19.5M-4.1% | $21.2M | $19.8M |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | $33.2M-53.3% | N/A | N/A |
| Operating Income | $1.3Mn/m | -$4.5Mn/m | -$4.7Mn/m | -$7.2Mn/m | -$76.4Mn/m | -$11.6Mn/m | -$5.4M | -$8.8M |
| EBITDA | $1.8Mn/m | -$2.9Mn/m | -$1.3Mn/m | -$6.5Mn/m | -$75.7Mn/m | -$10.0Mn/m | -$2.4M | -$8.0M |
| Interest Expense | $2K-77.7% | $3K-51.3% | $4K-77.1% | $5K-78.2% | $7K-66.7% | $6K-76.5% | $18K | $25K |
| Income Tax | $0-100.0% | $0-100.0% | -$70Kn/m | $56Kn/m | $10K-49.0% | $5K+153.5% | -$21K | -$162 |
| Net Income | $2.9Mn/m | -$2.2Mn/m | -$3.0Mn/m | -$4.1Mn/m | -$75.2Mn/m | -$17.2Mn/m | -$6.9M | -$9.8M |
| EPS (Basic) | $0.02n/m | -$0.02 | $0.04n/m | -$0.03 | -$0.59 | -$0.49n/m | -$0.24 | -$0.29 |
| EPS (Diluted) | $0.02n/m | -$0.02 | $0.04n/m | -$0.03 | -$0.59 | -$0.49n/m | -$0.24 | -$0.29 |
| Diluted Shares (Avg) | 129M+0.7% | 128M | N/A | 128M | 128M | 45M+9.3% | N/A | 41M |
Not reported in any period shown, so not listed: Cost of Revenue, R&D Expenses.
NMAX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $230.3M-11.4% | $226.3M-18.7% | $239.8M+64.2% | $233.3M | $259.8M | $278.2M | $146.1M | N/A |
| Current Assets | $201.7M-15.0% | $200.1M-20.6% | $195.5M+61.1% | $192.2M | $237.3M | $252.1M | $121.3M | N/A |
| Cash & Equivalents | $25.9M-23.5% | $17.2M-86.4% | $20.4M-15.0% | $14.2M-59.5% | $33.8M+408.8% | $126.7M+4209.0% | $24.1M | $35.0M |
| Short-Term Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 |
| Inventory | $1.9M+15.8% | $2.0M+6.7% | $2.0M+13.1% | $1.8M | $1.6M | $1.9M | $1.8M | N/A |
| Accounts Receivable | $41.4M+40.0% | $38.3M+32.4% | $33.4M+18.2% | $30.6M | $29.6M | $28.9M | $28.3M | N/A |
| Long-Term Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 |
| Total Liabilities | $117.1M-23.4% | $119.2M+18.3% | $133.8M-52.8% | $127.4M | $152.9M | $100.8M | $283.7M | N/A |
| Current Liabilities | $84.5M-10.9% | $86.1M+21.9% | $81.3M-33.7% | $70.2M | $94.9M | $70.7M | $122.6M | N/A |
| Non-Current Liabilities | $32.6M-44.0% | $33.1M+9.8% | $52.5M-67.4% | $57.2M | $58.1M | $30.1M | $161.1M | N/A |
| Total Equity | $113.2M+5.9% | $106.0M-40.2% | $106.0Mn/m | $106.0Mn/m | $106.9Mn/m | $177.4Mn/m | -$137.6M | -$181.3M |
| Retained Earnings | -$327.2Mn/m | -$330.1Mn/m | -$327.9Mn/m | -$324.9M | -$320.8M | -$245.6M | -$227.8M | N/A |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
NMAX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$124Kn/m | -$2.6Mn/m | $2.6Mn/m | -$68.1Mn/m | -$23.2Mn/m | -$15.7Mn/m | -$27.5M | -$13.8M |
| Depreciation & Amortization | $525K-28.5% | $1.5M-1.1% | $1.7M+13.5% | $690K-7.5% | $735K-10.4% | $1.5M-1.8% | $1.5M | $746K |
| Stock-Based Compensation | $3.3M-2.9% | $3.4M+112.8% | N/A | $3.5Mn/m | $3.4Mn/m | $1.6Mn/m | N/A | $0 |
| Capital Expenditures | $1.1M+75.3% | $243K+495.4% | $868K+73.9% | $1.1M+277.1% | $649K+430.1% | $41K-52.1% | $499K | $290K |
| Free Cash Flow | -$1.3Mn/m | -$2.9Mn/m | $1.8Mn/m | -$69.2Mn/m | -$23.9Mn/m | -$15.8Mn/m | -$28.0M | -$14.0M |
| Investing Cash Flow | $8.8Mn/m | -$594Kn/m | $3.6Mn/m | $47.7Mn/m | -$75.0Mn/m | -$29.5M-12970.8% | -$58.2M | -$290K |
| Financing Cash Flow | $52K-99.0% | $3K-100.0% | $7K-100.0% | $797K-98.1% | $5.3M-33.4% | $147.9Mn/m | $74.8M | $42.4M |
| Dividends Paid | $0-100.0% | $0-100.0% | $2n/m | $0n/m | $610Kn/m | $305Kn/m | $0 | $0 |
Not reported in any period shown, so not listed: Share Buybacks.
NMAX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.1%+5.1pp | 38.6%-4.4pp | 40.9%-3.6pp | 35.3%-10.2pp | 38.0%-4.6pp | 43.0%-7.0pp | 44.5% | 45.4% |
| Operating Margin | 2.4% | -8.6%+16.9pp | -8.9%+2.4pp | -15.9%+4.3pp | -164.5% | -25.6% | -11.4% | -20.2% |
| Net Margin | 5.3% | -4.2%+33.8pp | -5.7%+8.8pp | -9.1%+13.4pp | -161.9% | -38.0% | -14.4% | -22.4% |
| Return on Equity | 2.5%+72.9pp | -2.1%+7.7pp | -2.8% | -3.9% | -70.3% | -9.7% | N/A | N/A |
| Return on Assets | 1.3%+30.2pp | -1.0%+5.2pp | -1.2%+3.5pp | -1.8% | -28.9% | -6.2% | -4.7% | N/A |
| Current Ratio | 2.39-0.1x | 2.32-1.2x | 2.40+1.4x | 2.74 | 2.50 | 3.57 | 0.99 | N/A |
| Liabilities-to-Equity | 1.03-0.4x | 1.12+0.6x | 1.26 | 1.20 | 1.43 | 0.57 | N/A | N/A |
| Asset Turnover | 0.23+0.1x | 0.23+0.1x | 0.22-0.1x | 0.19 | 0.18 | 0.16 | 0.33 | N/A |
| FCF Margin | -2.3%+49.1pp | -5.6%+29.2pp | 3.4%+62.1pp | -152.9% | -51.4%-40.6pp | -34.8%-26.4pp | -58.7% | -32.3% |
Not reported in any period shown, so not listed: Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Newsmax, Inc. NMAX | FY2025 | $189.3M | -$99.5M | -52.6% | $1.0B | 38/100 |
| Sinclair, Inc. SBGI | FY2025 | $3.2B | -$112.0M | -3.5% | $873.6M | 37/100 |
| FuboTV Inc. FUBO | FY2024 | $402.3M | -$172.3M | -42.8% | $235.6M | 18/100 |
| Gray Media, Inc. GTN | FY2025 | $3.1B | -$85.0M | -2.8% | $442.8M | 42/100 |
| iHeartMedia, Inc. IHRT | FY2025 | $3.9B | -$472.9M | -12.2% | $266.2M | 25/100 |
Where Newsmax, Inc. Ranks
Frequently Asked Questions
What is Newsmax, Inc.'s annual revenue?
Newsmax, Inc. (NMAX) reported $189.3M in total revenue for fiscal year 2025. This represents a 10.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Newsmax, Inc.'s revenue growing?
Newsmax, Inc. (NMAX) revenue grew by 10.7% year-over-year, from $171.0M to $189.3M in fiscal year 2025.
Is Newsmax, Inc. profitable?
No, Newsmax, Inc. (NMAX) reported a net loss of $6.4M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net loss of $99.5M, with a net profit margin of -52.6%.
What is Newsmax, Inc.'s EBITDA?
Newsmax, Inc. (NMAX) had EBITDA of -$93.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Newsmax, Inc.'s gross margin?
Newsmax, Inc. (NMAX) had a gross margin of 39.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Newsmax, Inc.'s operating margin?
Newsmax, Inc. (NMAX) had an operating margin of -52.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Newsmax, Inc.'s net profit margin?
Newsmax, Inc. (NMAX) had a net profit margin of -52.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Newsmax, Inc.'s return on equity (ROE)?
Newsmax, Inc. (NMAX) has a return on equity of -93.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Newsmax, Inc.'s free cash flow?
Newsmax, Inc. (NMAX) recorded an outflow of $107.1M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Newsmax, Inc.'s operating cash flow?
Newsmax, Inc. (NMAX) recorded an outflow of $104.5M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Newsmax, Inc.'s total assets?
Newsmax, Inc. (NMAX) had $239.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Newsmax, Inc.'s capital expenditures?
Newsmax, Inc. (NMAX) invested $2.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Newsmax, Inc.'s current ratio?
Newsmax, Inc. (NMAX) had a current ratio of 2.40 as of fiscal year 2025, which is generally considered healthy.
What is Newsmax, Inc.'s liabilities-to-equity ratio?
Newsmax, Inc. (NMAX) had a liabilities-to-equity ratio of 1.26 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
What is Newsmax, Inc.'s return on assets (ROA)?
Newsmax, Inc. (NMAX) had a return on assets of -41.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Newsmax, Inc.'s P/E ratio?
Newsmax, Inc. (NMAX) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $1.0B as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Newsmax, Inc.'s price-to-sales ratio?
Newsmax, Inc. (NMAX) trades at 5.1x sales, its market capitalization divided by $203.3M revenue, trailing 12 months to June 30, 2026. The market capitalization is $1.0B as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Newsmax, Inc.'s Altman Z-Score?
Newsmax, Inc. (NMAX) has an Altman Z-Score of 2.69, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Newsmax, Inc.'s Piotroski F-Score?
Newsmax, Inc. (NMAX) has a Piotroski F-Score of 2 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Newsmax, Inc.'s earnings high quality?
Newsmax, Inc. (NMAX) reported a net loss of $99.5M while operations used $104.5M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Newsmax, Inc. cover its interest payments?
Newsmax, Inc. (NMAX) reported an operating loss of $99.9M against $23K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Newsmax, Inc.?
Newsmax, Inc. (NMAX) scores 38 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.