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Newsmax, Inc. (NMAX) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

NYSE · DATA UPDATED 2026-09-16

Newsmax, Inc. (NMAX) operates in the NYSE industry and is headquartered in Boca Raton, United States with about 500 employees. Its market capitalization is roughly $1 billion. In the fiscal year ended 2025-12-31, NMAX reported $189M in revenue and ($99M) in net income.

Newsmax Inc., through its subsidiaries, operates as a television broadcaster and multi-platform content publisher in the United States. It operates through two segments, Broadcasting and Digital.

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NMAX Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-31
Total Revenue$203M$189M$171M$135M$135M
Gross Profit$79M$72M$84M$56M$56M
Gross Margin %39.0%37.8%49.1%41.3%41.7%
Operating Income (EBIT)($15M)($100M)($70M)($45M)($19M)
Operating Margin %-7.4%-52.8%-40.8%-33.3%-14.4%
Net Income($6M)($99M)($72M)($42M)($20M)
Net Margin %-3.1%-52.6%-42.2%-30.9%-14.7%
EBITDA($2M)($93M)($66M)($38M)($17M)
Earnings Per Share (EPS)$-0.05$-0.77$-0.56$-0.93$-0.49
Shares Outstanding (M)129M129M128M45M41M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

NMAX Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$54M$52M$52M$45M$46M$45M$48M$44M
Gross Profit$23M$19M$21M$15M$18M$22M$29M$20M
Gross Margin %43.1%37.5%40.9%33.7%38.0%47.8%60.1%45.4%
Operating Income (EBIT)$1M($4M)($5M)($7M)($76M)($12M)($5M)($9M)
Operating Margin %2.4%-8.6%-8.9%-15.9%-164.5%-25.6%-11.4%-20.2%
Net Income$3M($2M)($3M)($4M)($75M)($17M)($7M)($10M)
Net Margin %5.3%-4.2%-5.7%-9.1%-161.9%-38.0%-14.4%-22.4%
EBITDA$3M($1M)($1M)($3M)($74M)($16M)($5M)($8M)
Earnings Per Share (EPS)$0.02$-0.02$-0.02$-0.03$-0.58$-0.13$-0.05$-0.08
Shares Outstanding (M)129M128M129M129M129M128M128M128M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

NMAX Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-31
Cash from Operations (CFO)($48M)($64M)($49M)($4M)($7M)
Capital Expenditures (CapEx)$3M$3M$1M$1M$6M
Free Cash Flow (FCF)($52M)($67M)($50M)($5M)($13M)
FCF Margin %-25.4%-35.4%-29.0%-3.5%-9.8%
Dividends Paid$0M$1M$0M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

NMAX Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)$0M($23M)$3M($28M)($23M)($16M)($28M)($14M)
Capital Expenditures (CapEx)$1M$0M$1M$1M$1M$0M$0M$0M
Free Cash Flow (FCF)($1M)($23M)$2M($29M)($24M)($16M)($28M)($14M)
FCF Margin %-2.3%-44.3%3.4%-64.6%-51.3%-34.9%-58.7%-32.3%
Dividends Paid$0M$0M$0M$0M$1M$0M$0M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

NMAX Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-31
Total Assets$230M$240M$146M$72M$67M
Cash & Cash Equivalents$46M$20M$24M$6M$4M
Total Liabilities$117M$134M$155M$95M$49M
Total Debt (Short + Long-Term)$4M$4M$4.1B$4M$4M
Total Shareholders' Equity$113M$106M($9M)($24M)$18M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive NMAX viewer.

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