NMAX · Newsmax Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 |
|---|---|---|---|---|---|
| Revenue | $51.66M | - | $43.51M | $46.44M | $40.60M |
| Cost of Revenue | - | - | - | - | - |
| Gross Profit | $19.93M | - | $15.96M | $17.64M | $20.30M |
| R&D | - | - | - | - | - |
| SG&A | - | - | - | - | $71.14M |
| Total Operating Expenses | $31.03M | - | $28.56M | $21.47M | - |
| D&A | $1.52M | - | $690.3K | $734.6K | $1.57M |
| Operating Income | ($4.47M) | - | ($8.79M) | ($76.41M) | ($50.84M) |
| Interest Expense | $3.0K | - | $25.1K | $22.4K | $25.8K |
| Income Tax | $0 | - | ($162) | $19.0K | $2.0K |
| Net Income | ($2.19M) | - | ($4.12M) | ($75.18M) | ($50.68M) |
| EPS - Basic | ($0.02) | - | ($0.03) | ($0.15) | ($1.27) |
| EPS - Diluted | ($0.02) | - | ($0.03) | ($0.59) | ($1.27) |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 |
|---|---|---|---|---|---|
| Cash & Equivalents | $17.20M | $20.43M | $14.18M | $33.84M | $126.72M |
| Accounts Receivable | $38.29M | $33.41M | $30.62M | $29.55M | $28.27M |
| Inventory | $2.01M | $2.03M | $1.80M | $1.64M | $1.79M |
| Accounts Payable | $16.28M | $16.77M | $15.84M | $15.73M | $14.67M |
| Current Assets | $200.10M | $195.46M | $192.24M | $237.30M | $118.29M |
| Total Assets | $226.26M | $239.84M | $233.33M | $259.80M | $146.07M |
| Current Liabilities | $86.12M | $81.28M | $70.22M | $94.86M | $70.68M |
| Long-term Debt | - | - | - | - | - |
| Total Liabilities | $119.23M | $133.79M | $127.37M | $152.94M | $100.83M |
| Stockholders' Equity | $107.02M | $106.05M | ($181.31M) | $106.85M | ($137.64M) |
| Retained Earnings | ($330.06M) | ($327.87M) | ($324.90M) | ($320.78M) | ($227.77M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 |
|---|---|---|---|---|---|
| Operating Cash Flow | ($2.64M) | - | - | - | ($3.31M) |
| Investing Cash Flow | ($594.2K) | - | - | - | $228.9K |
| Financing Cash Flow | $2.8K | - | - | - | ($17.5K) |
| CapEx | $242.9K | - | - | - | $85.1K |
| Free Cash Flow | ($2.89M) | - | - | - | ($3.39M) |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 |
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 38.6% | - | 36.7% | 38.0% | 50.0% |
| Operating margin | -8.7% | - | -20.2% | -164.5% | -125.2% |
| EBITDA margin | -5.7% | - | -18.6% | -162.9% | -121.4% |
| Net margin | -4.2% | - | -9.5% | -161.9% | -124.8% |
| Free cash flow margin | -5.6% | - | - | - | -8.4% |
| FCF / Net income | 1.32 | - | - | - | 0.07 |
| R&D / Revenue | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | 175.2% |
| Effective tax rate | - | - | - | - | - |
| Return on assets | -1.0% | - | -1.8% | -28.9% | -34.7% |
| Return on equity | -2.0% | - | 2.3% | -70.4% | 36.8% |
| Return on invested capital | - | - | - | - | - |
| Liquidity | |||||
| Current ratio | 2.32 | 2.40 | 2.74 | 2.50 | 1.67 |
| Quick ratio | 2.30 | 2.38 | 2.71 | 2.48 | 1.65 |
| Cash ratio | 0.20 | 0.25 | 0.20 | 0.36 | 1.79 |
| Leverage | |||||
| Debt / Equity | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - |
| Interest coverage | -1514.9x | - | -350.9x | -3414.5x | -1971.8x |
| Equity multiplier | 2.11 | 2.26 | -1.29 | 2.43 | -1.06 |
| Liabilities / Assets | 0.53 | 0.56 | 0.55 | 0.59 | 0.69 |
| Efficiency | |||||
| Asset turnover | 0.23 | - | 0.19 | 0.18 | 0.28 |
| Inventory turnover | - | - | - | - | - |
| Days sales outstanding | 271d | - | 257d | 232d | 254d |
| Days inventory outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - |
| Valuation | |||||
| P / E | - | - | - | - | - |
| P / B | - | - | - | - | - |
| P / S | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - |
| Growth | |||||
| Revenue growth (YoY) | 27.2% | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - |
| Gross profit growth (YoY) | -1.8% | - | - | - | - |
| Operating income growth (YoY) | 91.2% | - | - | - | - |
| Net income growth (YoY) | 95.7% | - | - | - | - |
| EPS growth (YoY) | 98.4% | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - |
| FCF growth (YoY) | 15.0% | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - |
| Book value growth (YoY) | - | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$189.25M totalBroadcasting$153.34M · 81.0%
Digital$35.92M · 19.0%
Product / service
$398.07M totalService$182.00M · 45.7%
Advertising$120.29M · 30.2%
Affiliate Fee$30.65M · 7.7%
Subscription And Circulation$27.52M · 6.9%
Subscription$14.86M · 3.7%
Product$7.25M · 1.8%
Supplement Sales$4.61M · 1.2%
Service Other$3.55M · 0.9%
Other$3.55M · 0.9%
Books Media And Other Product Sales$3.50M · 0.9%
Shipping And Handling$300.0K · 0.1%
Peer comparison
Same SIC group: Television Broadcasting Stations
| Company | Revenue (last FY) | Net margin | ROE |
|---|---|---|---|
| NXST | $4.95B | 2.2% | 5.3% |
| PARAA,PARA | - | - | - |
| LSXMA | $4.48B | 12.4% | 7.2% |
| SSP | $2.15B | 6.8% | 11.7% |
| GTN | $3.10B | -2.7% | -3.9% |
Comparing Newsmax Inc. against the 5 most active filers in the same SIC group.