NEWSMAX INC Financials
This page shows NEWSMAX INC (NMAX) financial statements, including the 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).
Top-line growth is being overwhelmed by deteriorating gross economics and a model sustained mainly by external capital.
As sales increased, gross profit still fell from$78.0M to$74.4M ; that points to worse unit economics rather than better scale. Those losses were also real cash losses: operating cash flow was-$104.5M against net income of-$99.5M , so the shortfall was not mainly accounting noise.
The balance sheet improved because financing, not operations, did the work: equity swung from
This is not a capex-heavy burn story. Free cash flow was
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. 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 retains $-53 of operating profit per $100 of revenue. This results in a moderate score of 33/100, indicating healthy but not exceptional operating efficiency. 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 67/100.
NEWSMAX INC has a moderate D/E ratio of 1.26. This balance of debt and equity financing earns a leverage score of 42/100.
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 67/100.
While NEWSMAX INC generated -$104.5M in operating cash flow, capex of $2.7M consumed most of it, leaving -$107.1M in free cash flow. This results in a low score of 9/100, reflecting heavy capital investment rather than weak cash generation.
NEWSMAX INC generates a -93.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 16/100.
NEWSMAX INC scores 2.55, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($998.4M) relative to total liabilities ($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.
For every $1 of reported earnings, NEWSMAX INC generates $1.05 in operating cash flow (-$104.5M OCF vs -$99.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
NEWSMAX INC earns $-4310.2 in operating income for every $1 of interest expense (-$99.9M vs $23K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
NEWSMAX INC generated $189.3M in revenue in fiscal year 2025. This represents an increase of 10.7% from the prior year.
NEWSMAX INC's EBITDA was -$93.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 47.0% from the prior year.
NEWSMAX INC reported -$99.5M in net income in fiscal year 2025. This represents a decrease of 37.9% from the prior year.
NEWSMAX INC earned $-0.96 per diluted share (EPS) in fiscal year 2025. This represents an increase of 50.8% from the prior year.
Cash & Balance Sheet
NEWSMAX INC generated -$107.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 115.6% from the prior year.
NEWSMAX INC held $20.4M in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
NEWSMAX INC's gross margin was 39.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 6.3 percentage points from the prior year.
NEWSMAX INC's operating margin was -52.8% in fiscal year 2025, reflecting core business profitability. This is down 11.9 percentage points from the prior year.
NEWSMAX INC's net profit margin was -52.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 10.4 percentage points from the prior year.
NEWSMAX INC's ROE was -93.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
NEWSMAX INC invested $2.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 166.0% from the prior year.
NMAX Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $51.7M-1.1% | $52.2M+15.4% | $45.3M-2.5% | $46.4M+2.5% | $45.3M-5.0% | $47.7M+9.6% | $43.5M+10.9% | $39.2M |
| Cost of Revenue | $30.8M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $19.9M-6.7% | $21.4M+33.8% | $16.0M-9.5% | $17.6M-9.4% | $19.5M-8.3% | $21.2M+7.3% | $19.8M+18.2% | $16.7M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $9.0M+152.9% | -$17.1M-308.7% | $8.2M-4.8% | $8.6M-74.1% | $33.2M+157.1% | -$58.2M-987.3% | $6.6M+8.4% | $6.0M |
| Operating Income | -$4.5M+4.5% | -$4.7M+35.0% | -$7.2M+90.6% | -$76.4M-560.2% | -$11.6M-113.6% | -$5.4M+38.4% | -$8.8M-85.1% | -$4.8M |
| Interest Expense | $3K-29.8% | $4K-23.0% | $5K-26.8% | $7K+23.1% | $6K-66.9% | $18K-27.0% | $25K+12.0% | $22K |
| Income Tax | $0+100.0% | -$70K-226.4% | $56K+475.0% | $10K+93.9% | $5K+124.0% | -$21K-12738.3% | -$162-100.9% | $19K |
| Net Income | -$2.2M+26.4% | -$3.0M+27.8% | -$4.1M+94.5% | -$75.2M-336.2% | -$17.2M-150.2% | -$6.9M+29.5% | -$9.8M-102.3% | -$4.8M |
| EPS (Diluted) | $-0.02 | N/A | $-0.03+94.9% | $-0.59-20.4% | $-0.49 | N/A | $-0.29-93.3% | $-0.15 |
NMAX Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $226.3M-5.7% | $239.8M+2.8% | $233.3M-10.2% | $259.8M-6.6% | $278.2M+90.5% | $146.1M | N/A | N/A |
| Current Assets | $200.1M+2.4% | $195.5M+1.7% | $192.2M-19.0% | $237.3M-5.9% | $252.1M+107.8% | $121.3M | N/A | N/A |
| Cash & Equivalents | $17.2M-15.8% | $20.4M+44.1% | $14.2M-58.1% | $33.8M-73.3% | $126.7M+426.8% | $24.1M-31.3% | $35.0M+426.3% | $6.7M |
| Inventory | $2.0M-0.8% | $2.0M+12.7% | $1.8M+9.6% | $1.6M-12.9% | $1.9M+5.0% | $1.8M | N/A | N/A |
| Accounts Receivable | $38.3M+14.6% | $33.4M+9.1% | $30.6M+3.6% | $29.6M+2.2% | $28.9M+2.3% | $28.3M | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $119.2M-10.9% | $133.8M+5.0% | $127.4M-16.7% | $152.9M+51.7% | $100.8M-64.5% | $283.7M | N/A | N/A |
| Current Liabilities | $86.1M+6.0% | $81.3M+15.7% | $70.2M-26.0% | $94.9M+34.2% | $70.7M-42.4% | $122.6M | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $107.0M+0.9% | $106.0M+0.1% | $106.0M-0.8% | $106.9M-39.8% | $177.4M+228.9% | -$137.6M+24.1% | -$181.3M+9.7% | -$200.7M |
| Retained Earnings | -$330.1M-0.7% | -$327.9M-0.9% | -$324.9M-1.3% | -$320.8M-30.6% | -$245.6M-7.8% | -$227.8M | N/A | N/A |
NMAX Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.6M-200.6% | $2.6M+103.9% | -$68.1M-193.4% | -$23.2M-47.7% | -$15.7M+42.8% | -$27.5M-100.0% | -$13.8M-233.8% | -$4.1M |
| Capital Expenditures | $243K-72.0% | $868K-20.7% | $1.1M+68.6% | $649K+1490.4% | $41K-91.8% | $499K+72.0% | $290K+137.0% | $122K |
| Free Cash Flow | -$2.9M-264.0% | $1.8M+102.5% | -$69.2M-190.0% | -$23.9M-51.4% | -$15.8M+43.7% | -$28.0M-99.4% | -$14.0M-231.0% | -$4.2M |
| Investing Cash Flow | -$594K-116.4% | $3.6M-92.4% | $47.7M+163.6% | -$75.0M-154.4% | -$29.5M+49.4% | -$58.2M-20004.3% | -$290K-137.0% | -$122K |
| Financing Cash Flow | $3K-61.5% | $7K-99.1% | $797K-85.0% | $5.3M-96.4% | $147.9M+97.7% | $74.8M+76.4% | $42.4M+433.1% | $8.0M |
| Dividends Paid | $0-100.0% | $2 | $0-100.0% | $610K+100.1% | $305K | $0 | $0 | $0 |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
NMAX Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.6%-2.3pp | 40.9%+5.6pp | 35.3%-2.7pp | 38.0%-5.0pp | 43.0%-1.5pp | 44.5%-0.9pp | 45.4%+2.8pp | 42.6% |
| Operating Margin | -8.6%+0.3pp | -8.9%+7.0pp | -15.9%+148.6pp | -164.5%-139.0pp | -25.6%-14.2pp | -11.4%+8.8pp | -20.2%-8.1pp | -12.1% |
| Net Margin | -4.2%+1.4pp | -5.7%+3.4pp | -9.1%+152.8pp | -161.9%-123.8pp | -38.0%-23.6pp | -14.4%+8.0pp | -22.4%-10.1pp | -12.3% |
| Return on Equity | -2.0%+0.8pp | -2.8%+1.1pp | -3.9%+66.5pp | -70.3%-60.6pp | -9.7% | N/A | N/A | N/A |
| Return on Assets | -1.0%+0.3pp | -1.2%+0.5pp | -1.8%+27.2pp | -28.9%-22.7pp | -6.2%-1.5pp | -4.7% | N/A | N/A |
| Current Ratio | 2.32-0.1 | 2.40-0.3 | 2.74+0.2 | 2.50-1.1 | 3.57+2.6 | 0.99 | N/A | N/A |
| Debt-to-Equity | 1.11-0.1 | 1.26+0.1 | 1.20-0.2 | 1.43+0.9 | 0.57 | N/A | N/A | N/A |
| FCF Margin | -5.6%-9.0pp | 3.4%+156.3pp | -152.9%-101.5pp | -51.4%-16.6pp | -34.8%+23.9pp | -58.7%-26.5pp | -32.3%-21.5pp | -10.8% |
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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 income of -$99.5M in fiscal year 2025, 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) generated -$107.1M in free cash flow during fiscal year 2025. This represents a -115.6% change compared to the previous fiscal year. 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) generated -$104.5M in operating cash flow during fiscal year 2025, representing cash generated from 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 debt-to-equity ratio?
NEWSMAX INC (NMAX) had a debt-to-equity ratio of 1.26 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
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 cash runway?
Based on fiscal year 2025 data, NEWSMAX INC (NMAX) had $20.4M in cash against an annual operating cash burn of $104.5M. This gives an estimated cash runway of approximately 2 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is NEWSMAX INC's Altman Z-Score?
NEWSMAX INC (NMAX) has an Altman Z-Score of 2.55, 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) has an earnings quality ratio of 1.05x, considered low quality (accrual-driven). 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) has an interest coverage ratio of -4310.2x, meaning it can struggle to cover its interest obligations. 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 39 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite 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.