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Newsmax, Inc.(NMAX)Earnings, Financials & Key Ratios
NMAX•NYSE
$9.05
Price updated Jul 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$189M+10.7%
- EBITDA-$94M-47.0%
- Net Income-$99M-37.9%
- EPS (Diluted)-0.81-30.6%
- Gross Margin37.84%-23.0%
- EBITDA Margin-49.41%-32.8%
- Operating Margin-52.75%-29.2%
- Net Margin-52.56%-24.5%
- ROE-205.18%
NMAX Price & Volume
Newsmax, Inc. (NMAX) stock price & volume — 10-year historical chart
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Persistent Operating Losses Challenge Revenue Growth Trajectory
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Expanding
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Persistent Operating Cash Burn
Key Thesis Takeaways
- Newsmax demonstrates a consistent ability to scale its top-line, evidenced by 14.0% year-over-year revenue growth in 2026Q1, yet this expansion is undermined by a structural inability to achieve operating profitability.
- The company's reliance on high-cost direct-response marketing and volatile nutraceutical fulfillment operations has resulted in a cumulative retained earnings deficit of $330.1 million.
- Investors should remain cautious as the firm's liquidity buffer continues to erode, with cash reserves falling from $126.7 million in 2025Q1 to $17.2 million in 2026Q1.
Verdict Logic
the company's inability to generate positive free cash flow, highlighted by a $22.9 million FCF burn in 2026Q1, suggests that the current growth model is unsustainable without further external capital.
NMAX Growth Metrics
Newsmax, Inc. (NMAX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years11.84%
TTM12.66%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-110.28%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM65.14%
Return on Capital
10 Years-166.05%
5 Years-166.05%
3 Years-201.58%
Last Year-109.73%
NMAX Recent Earnings
Newsmax, Inc. (NMAX) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/4 qtrs (75%)●Beat Revenue 4/4 qtrs (100%)
Q2 2026Latest
May 14, 2026Metric
Actual
Est
EPS
$0.03+25.0%
$0.04
Rev
$52M+5.6%
$49M
Q2 2026
Mar 26, 2026Metric
Actual
Est
EPS
$0.03+64.3%
$0.07
Rev
$52M+18.6%
$44M
Q4 2025
Nov 13, 2025Metric
Actual
Est
EPS
$0.04+66.7%
$0.12
Rev
$45M+2.9%
$44M
Q3 2025
Aug 19, 2025Metric
Actual
Est
EPS
$0.59-2850.0%
$0.02
Rev
$46M+3.4%
$45M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 14, 2026 | $0.03vs $0.04+25.0% | $52Mvs $49M+5.6% |
| Q2 2026 | 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 4 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Newsmax, Inc. (NMAX)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $9.05 | $813.59M | -11.17 | 10.69% | -52.56% | -205.18% | 0.08% | |
| $49.90 | $21.88B | 10.16 | 16.6% | 10.56% | 14.58% | — | |
| $55.87 | $24.5B | 11.38 | 16.6% | 10.56% | 14.58% | — | |
| $26.12 | $65.49B | 90.07 | -5.15% | -5.79% | -5.92% | — | |
| $73.27 | $11.86B | 35.06 | 9.24% | 13.18% | 19.22% | — | |
| $3.12 | $368.24M | -1.67 | -14.31% | -4.63% | -7.87% | — |
Compare NMAX vs Peers
Newsmax, Inc. (NMAX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NMAX SEC Filings & Documents
Newsmax, Inc. (NMAX) SEC filings — annual & quarterly reports (10-K, 10-Q)
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NMAX Frequently Asked Questions
Newsmax, Inc. (NMAX) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Newsmax, Inc.'s revenue?
Newsmax, Inc. (NMAX) reported $195.6M in revenue for fiscal year 2025. This represents a 45% increase from $135.3M in 2022.
How fast is Newsmax, Inc. growing?
Newsmax, Inc. (NMAX) grew revenue by 10.7% over the past year. This is steady growth.
Is NMAX profitable?
Newsmax, Inc. (NMAX) reported a net loss of $84.5M for fiscal year 2025.
Dividend & Returns
Does NMAX pay dividends?
Newsmax, Inc. (NMAX) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.
What is NMAX's return on equity?
Newsmax, Inc. (NMAX) has a return on equity (ROE) of -205.2%. Negative ROE indicates the company is unprofitable.
What is Newsmax, Inc.'s free cash flow?
Newsmax, Inc. (NMAX) had negative free cash flow of $74.2M in fiscal year 2025, likely due to heavy capital investments.