NMAX

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Newsmax, Inc. Class B

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Key Metrics

Previous Close: $10.91
52-Week Range: $5.11 – $15.94
Market Cap: $1.40B
P/E (TTM): 63.94
EPS (TTM): 0.17
Dividend Yield: —

Advanced Metrics

Price/Book: 12.41
PEG Ratio: —
Return on Equity: -5.82%
Return on Assets: -3.84%
Gross Margin: 39.64%
Operating Margin: 2.41%
Profit Margin: -3.15%
Current Ratio: 2.39
Debt/Equity: 0.10
Total Debt: $11.58M
Free Cash Flow: $-37.64M
Revenue Growth: 16.50%
Earnings Growth: —
Enterprise Value: $1.29B

NMAX Income statement, annual periods, in USD
USD	FY2023	FY2024	FY2025
Revenue	$135.28M	$171.02M	$189.25M
Cost of Revenue	$79.46M	$93.02M	$114.83M
Gross Profit	$55.82M	$78.00M	$74.42M
Selling, General & Admin	$73.82M	$144.69M	$171.49M
Operating Expenses	$76.99M	$147.80M	$174.28M
Operating Income	-$21.17M	-$69.81M	-$99.85M
EBITDA	-$38.05M	-$65.91M	-$93.14M
Pretax Income	-$41.76M	-$72.17M	-$99.50M
Income Tax	$18.55K	$0.00	$0.00
Net Income	-$41.78M	-$72.17M	-$99.50M
Diluted EPS	-1.06	-0.62	-0.96
Diluted Shares	44.90M	128.41M	108.21M

NMAX Balance Sheet statement, annual periods, in USD
USD	FY2023	FY2024	FY2025
Cash & Equivalents	$6.04M	$24.05M	$20.43M
Receivables	$21.97M	$28.27M	$33.41M
Inventory	$3.83M	$1.79M	$2.03M
Current Assets	$35.42M	$121.35M	$195.46M
Total Assets	$71.61M	$146.07M	$239.84M
Current Liabilities	$51.85M	$122.65M	$81.28M
Total Debt	$12.41M	$8.27M	$9.36M
Total Liabilities	$95.19M	$155.14M	$133.79M
Retained Earnings	-$153.04M	-$227.77M	-$327.87M
Shareholders' Equity	-$23.58M	-$9.07M	$106.05M
Working Capital	-$16.43M	-$1.30M	$114.18M

NMAX Cash Flow statement, annual periods, in USD
USD	FY2023	FY2024	FY2025
Operating Cash Flow	-$3.83M	-$48.69M	-$104.45M
Capital Expenditure	-$916.99K	-$996.29K	-$2.65M
Free Cash Flow	-$4.75M	-$49.68M	-$107.11M
Depreciation & Amortisation	$3.67M	$6.17M	$6.33M
Stock-Based Compensation	—	$0.00	$11.96M
Investing Cash Flow	$5.40M	-$58.43M	-$53.12M
Financing Cash Flow	$427.44K	$125.13M	$153.96M
Dividends Paid	—	$0.00	-$915.07K
Net Change in Cash	$1.99M	$18.02M	-$3.62M

NMAX Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$45.30M	$46.44M	$45.27M	$52.24M	$51.66M
Cost of Revenue	$25.84M	$28.80M	$29.31M	$30.88M	$31.73M
Gross Profit	$19.46M	$17.64M	$15.96M	$21.36M	$19.93M
Selling, General & Admin	$30.30M	$93.31M	$22.47M	$25.41M	$23.83M
Operating Expenses	$31.03M	$94.05M	$23.16M	$26.04M	$24.40M
Operating Income	-$11.57M	-$76.41M	-$7.20M	-$4.68M	-$4.47M
EBITDA	-$15.68M	-$73.70M	-$2.44M	-$1.33M	-$661.69K
Pretax Income	-$17.23M	-$75.17M	-$4.06M	-$3.04M	-$2.19M
Income Tax	$5.00K	$9.69K	$55.74K	-$70.43K	$0.00
Net Income	-$17.23M	-$75.18M	-$4.12M	-$2.97M	-$2.19M
Diluted EPS	-0.49	-0.59	-0.03	—	-0.02
Diluted Shares	44.90M	128.33M	128.48M	—	128.49M

NMAX Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$126.72M	$33.84M	$14.18M	$20.43M	$17.20M
Receivables	$28.92M	$29.55M	$30.62M	$33.41M	$38.29M
Inventory	$1.88M	$1.64M	$1.80M	$2.03M	$2.01M
Current Assets	$252.12M	$237.30M	$192.24M	$195.46M	$200.10M
Total Assets	$278.21M	$259.80M	$233.33M	$239.84M	$226.26M
Current Liabilities	$70.68M	$94.86M	$70.22M	$81.28M	$86.12M
Total Debt	$7.24M	$6.27M	$5.21M	$9.36M	$8.32M
Total Liabilities	$100.83M	$152.94M	$127.37M	$133.79M	$119.23M
Retained Earnings	-$245.61M	-$320.78M	-$324.90M	-$327.87M	-$330.06M
Shareholders' Equity	$177.38M	$106.85M	$105.96M	$106.05M	$107.02M
Working Capital	$181.44M	$142.44M	$122.02M	$114.18M	$113.98M

NMAX Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$15.73M	-$23.22M	-$68.13M	$2.63M	-$2.64M
Capital Expenditure	-$40.79K	-$648.67K	-$1.09M	-$867.52K	-$242.85K
Free Cash Flow	-$15.77M	-$23.87M	-$69.23M	$1.76M	-$2.89M
Depreciation & Amortisation	$1.54M	$1.46M	$1.61M	$1.71M	$1.52M
Stock-Based Compensation	$1.58M	$3.42M	$3.55M	$3.41M	$3.36M
Investing Cash Flow	-$29.46M	-$74.95M	$47.68M	$3.62M	-$594.20K
Financing Cash Flow	$147.86M	$5.30M	$797.27K	$7.22K	$2.78K
Dividends Paid	-$304.93K	-$610.14K	$0.00	-$2.00	$0.00
Share Repurchases	-$6.33M	—	—	—	—
Net Change in Cash	$102.67M	-$92.88M	-$19.66M	$6.25M	-$3.23M

Market Snapshot

About

Newsmax, Inc. Class B is a conservative news media company that operates cable news channels, websites, and digital platforms. The company provides news, analysis, and opinion programming focused on conservative perspectives in politics, health, finance, and lifestyle topics.