For the twelve months ended Jun 30, 2026, Newsmax Inc. reported $203.29M of revenue and -$6.41M of net income.
NMAX revenue was $54.12M in fiscal Q2 2026 (ended Jun 30, 2026), up 16.5% from a year earlier and up 4.8% from the prior quarter. For the full fiscal 2025 it was $189.25M, up 10.7% from fiscal 2024.
NMAX net income was $2.87M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$75.18M a year earlier. For the full fiscal 2025 it was -$99.50M, compared with -$72.17M in fiscal 2024.
NMAX diluted EPS was $0.02 in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$0.59 a year earlier. For the full fiscal 2025 it was -$0.96.
NMAX free cash flow was -$1.26M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$23.87M a year earlier. For the full fiscal 2025 it was -$107.11M, compared with -$49.68M in fiscal 2024.
| Line item | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Revenue | $189.25M | $171.02M |
| Gross profit | $74.42M | $78.00M |
| Operating income | -$99.85M | -$69.81M |
| Interest expense | $23.2K | $91.5K |
| Pre-tax income | -$99.50M | -$72.17M |
| Income tax | $0 | $0 |
| Net income | -$99.50M | -$72.17M |
| EPS, basic | -$0.96 | -$1.95 |
| EPS, diluted | -$0.96 | -$1.95 |
| Diluted shares | 108.2M | 41.1M |
| Line item | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash and equivalents | $20.43M | $24.05M |
| Receivables | $33.41M | $28.27M |
| Inventory | $2.03M | $1.79M |
| Current assets | $195.46M | $121.35M |
| Total assets | $239.84M | $146.07M |
| Current liabilities | $81.28M | $122.65M |
| Total liabilities | $133.79M | $155.14M |
| Shareholders' equity | $106.05M | -$137.64M |
| Line item | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
| Operating cash flow | -$104.45M | -$48.69M |
| Capital expenditures | $2.65M | $996.3K |
| Free cash flow | -$107.11M | -$49.68M |
| Investing cash flow | -$53.12M | -$58.43M |
| Financing cash flow | $153.96M | $125.13M |
| Dividends paid | $915.1K | $0 |
| Stock-based compensation | $11.96M | $0 |
| Depreciation and amortization | $6.33M | $6.17M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $54.12M | $51.66M | $52.24M | $45.27M | $46.44M | $45.30M | $47.68M | $43.51M | $39.23M | $40.60M |
| Gross profit | $23.33M | $19.93M | $21.36M | $15.96M | $17.64M | $19.46M | $22.61M | $19.76M | $16.72M | $20.30M |
| Selling, general and admin | - | - | - | - | - | $33.24M | - | - | - | $71.14M |
| Operating income | $1.30M | -$4.47M | -$4.68M | -$7.20M | -$76.41M | -$11.57M | -$5.42M | -$8.79M | -$4.75M | -$50.84M |
| Interest expense | $1.7K | $3.0K | $4.2K | $5.5K | $7.5K | $6.1K | $18.3K | $25.1K | $22.4K | $25.8K |
| Pre-tax income | $2.87M | -$2.19M | -$3.04M | -$4.06M | -$75.17M | -$17.23M | -$6.91M | -$9.77M | -$4.81M | -$50.68M |
| Income tax | $0 | $0 | -$70.4K | $55.7K | $9.7K | $5.0K | -$20.8K | -$162 | $19.0K | $2.0K |
| Net income | $2.87M | -$2.19M | -$2.97M | -$4.12M | -$75.18M | -$17.23M | -$6.89M | -$9.77M | -$4.83M | -$50.68M |
| EPS, basic | $0.02 | -$0.02 | - | -$0.03 | -$0.59 | -$0.49 | -$0.24 | -$0.29 | -$0.15 | -$1.27 |
| EPS, diluted | $0.02 | -$0.02 | - | -$0.03 | -$0.59 | -$0.49 | -$0.24 | -$0.29 | -$0.15 | -$1.27 |
| Diluted shares | 129.3M | 128.5M | - | 128.5M | 128.3M | 44.9M | - | 41.1M | 41.1M | 41.1M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $25.88M | $17.20M | $20.43M | $14.18M | $33.84M | $126.72M | $24.05M | $35.01M | $6.65M | $2.94M |
| Receivables | $41.38M | $38.29M | $33.41M | $30.62M | $29.55M | $28.92M | $28.27M | - | - | - |
| Inventory | $1.90M | $2.01M | $2.03M | $1.80M | $1.64M | $1.88M | $1.79M | - | - | - |
| Current assets | $201.68M | $200.10M | $195.46M | $192.24M | $237.30M | $252.12M | $121.35M | - | - | - |
| Total assets | $230.28M | $226.26M | $239.84M | $233.33M | $259.80M | $278.21M | $146.07M | - | - | - |
| Current liabilities | $84.54M | $86.12M | $81.28M | $70.22M | $94.86M | $70.68M | $122.65M | - | - | - |
| Total liabilities | $117.10M | $119.23M | $133.79M | $127.37M | $152.94M | $100.83M | $155.14M | - | - | - |
| Shareholders' equity | $113.18M | $106.05M | $106.05M | $105.96M | $106.85M | $177.38M | -$137.64M | -$181.31M | -$200.72M | -$200.92M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$123.9K | -$2.64M | $2.63M | -$68.13M | -$23.22M | -$15.73M | -$27.51M | -$13.75M | -$4.12M | -$3.31M |
| Capital expenditures | $1.14M | $242.9K | $867.5K | $1.09M | $648.7K | $40.8K | $498.8K | $290.0K | $122.4K | $85.1K |
| Free cash flow | -$1.26M | -$2.89M | $1.76M | -$69.23M | -$23.87M | -$15.77M | -$28.01M | -$14.04M | -$4.24M | -$3.39M |
| Investing cash flow | $8.76M | -$594.2K | $3.62M | $47.68M | -$74.95M | -$29.46M | -$58.25M | -$289.7K | -$122.2K | $228.9K |
| Financing cash flow | $51.7K | $2.8K | $7.2K | $797.3K | $5.30M | $147.86M | $74.80M | $42.40M | $7.95M | -$17.5K |
| Dividends paid | $0 | $0 | $2 | $0 | $610.1K | $304.9K | $0 | $0 | $0 | $0 |
| Stock-based compensation | $3.32M | $3.36M | $3.41M | $3.55M | $3.42M | $1.58M | $0 | $0 | $0 | $0 |
| Depreciation and amortization | $1.53M | $1.52M | $1.71M | $1.53M | $1.55M | $1.54M | $1.51M | $1.51M | $1.58M | $1.57M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 16.5% | 14.0% | 9.6% | 4.0% | 18.4% | 11.6% | - | - | - | - |
| Gross margin | 43.1% | 38.6% | 40.9% | 35.3% | 38.0% | 43.0% | 47.4% | 45.4% | 42.6% | 50.0% |
| Operating margin | 2.4% | -8.7% | -9.0% | -15.9% | -164.5% | -25.5% | -11.4% | -20.2% | -12.1% | -125.2% |
| Net margin | 5.3% | -4.2% | -5.7% | -9.1% | -161.9% | -38.0% | -14.4% | -22.5% | -12.3% | -124.8% |
| Free cash flow margin | -2.3% | -5.6% | 3.4% | -152.9% | -51.4% | -34.8% | -58.7% | -32.3% | -10.8% | -8.4% |
| Current ratio | 2.39 | 2.32 | 2.40 | 2.74 | 2.50 | 3.57 | 0.99 | - | - | - |
Source: XBRL data Newsmax Inc. files with the SEC, latest filing dated Aug 13, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| NMAX | $203.29M | +11.1% | -$6.41M | -3.2% | $1.00B |
| SPOT | €17.19B | +9.7% | €2.21B | 12.9% | $128.36B |
| SKYD | $28.76B | - | -$14.00M | -0.0% | $43.87B |
| FOXA | $17.96B | +9.0% | $2.03B | 11.3% | $28.55B |
| FWONK | $4.48B | +10.9% | $558.00M | 12.5% | $27.09B |
| FWONA | $4.48B | +10.9% | $558.00M | 12.5% | $25.79B |
| FOX | $17.96B | +9.0% | $2.03B | 11.3% | $25.52B |
| TME | CN¥32.90B | +15.8% | CN¥11.06B | 33.6% | $14.76B |
| SIRI | $8.60B | +0.5% | $900.00M | 10.5% | $10.99B |