Newsmax Inc. (NMAX)
Newsmax Inc. is a holding company, which engages in television broadcasting and multi-platform content publishing that produces original news and editorial content for consumers through various media outlets, including TV new channels, digital and print publications. It operates through the Broadcasting and Digital Segments. The Broadcasting segment produces and licenses news, business news and lifestyle content for distribution through both MVPDs and free OTT streaming platforms. The Digital segment is composed of Newsmax.com and affiliated websites. The company was founded by Christopher Ruddy in 1998 and is headquartered in Boca Raton, FL.
Sector: Television Broadcasting Stations
Industry: Broadcasting
Newsmax, Inc.
NYSE:NMAXCommunication Services · Broadcasting
-2.94%$7.93
AH Close$8.00+0.88%vs close
AH Close$8.00+0.88%vs close
Mkt Cap$1.02B
Float28.06M
O/S129.16M
Inst Own28.4%
SI16.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$189.3M
Net Income-$99.5M
Total Assets$239.84M
Free Cash Flow-$67.11M
Debt & Equity
Debt 8%
Equity 92%
Total Debt$9.36M
Total Equity$106.05M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in NMAX's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$239.84M
Liabilities$133.79M
Accounts Receivable$33.41M
Accounts Payable$16.77M
Inventory$2.03M
PP&E (Net)$15.09M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Revenue | $189.3M | $171.02M | $135.28M | $135.31M |
| YoY Growth | 10.7% | 26.4% | -0.0% | - |
| Cost of Revenue | $117.62M | $86.97M | $79.46M | $78.94M |
| Gross Profit | $71.63M | $84.05M | $55.82M | $56.37M |
| Gross Margin | 37.8% | 49.1% | 41.3% | 41.7% |
| Research and Development | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $294.56M | $150.74M | $73.82M | $46.26M |
| Other | -$123.08M | $3.12M | $27.09M | $29.59M |
| Total Operating Expenses | $171.49M | $153.86M | $100.92M | $75.85M |
| Operating Income (EBIT) | -$99.85M | -$69.81M | -$45.1M | -$19.47M |
| Operating Margin | -52.7% | -40.8% | -33.3% | -14.4% |
| Interest Expense | $23K | $92K | $39K | $15K |
| Interest Income | $7.04M | $581K | $144K | $297K |
| Other Income (Expense) | $359K | -$2.36M | $3.34M | -$443K |
| Income Before Tax (EBT) | -$99.5M | -$72.17M | -$41.76M | -$19.92M |
| Income Tax Expense | $0 | $0 | $19K | $19K |
| Net Income | -$99.5M | -$72.17M | -$41.78M | -$19.94M |
| Net Income Margin | -52.6% | -42.2% | -30.9% | -14.7% |
| Supplementary Data | ||||
| EPS | -0.81 | -0.63 | -1.06 | -0.20 |
| Diluted EPS | -0.81 | -0.63 | -1.06 | -0.20 |
| Weighted Average OS | 129.13M | 128.18M | 44.90M | 41.10M |
| EBITDA | -$93.14M | -$65.91M | -$38.05M | -$17.34M |
| EBITDA Margin | -49.2% | -38.5% | -28.1% | -12.8% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Assets | ||||
| Current Assets | ||||
| Cash and Cash Equivalents | $20.43M | $24.05M | $6.04M | $4.05M |
| Short-Term Investments | $110.9M | $58.31M | $1.22M | $7.39M |
| Cash and Short-Term Investments | $131.33M | $82.36M | $7.26M | $11.44M |
| Accounts Receivable | $33.41M | $28.27M | $21.97M | $18.74M |
| Inventory | $2.03M | $1.79M | $3.83M | $3.83M |
| Other Current Assets | $28.69M | $5.69M | $1.63M | $0 |
| Total Current Assets | $195.46M | $118.29M | $35.42M | $42.47M |
| Long-Term Assets | ||||
| Property, Plant & Equipment Net | $15.09M | $13.42M | $18.6M | $23.61M |
| Goodwill | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $29.29M | $14.36M | $17.6M | $791K |
| Total Long-Term Assets | $44.38M | $27.78M | $36.19M | $24.4M |
| Other Assets | $0 | $0 | $0 | $0 |
| Total Assets | $239.84M | $146.07M | $71.61M | $66.87M |
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts Payable | $16.77M | $14.67M | $19.61M | $15.04M |
| Short-Term Debt | $0 | $4.09B | $500K | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $12.6M | $13.65M | $14.85M | $0 |
| Other Current Liabilities | $32.95M | -$4.02B | $7.28M | $10.93M |
| Total Current Liabilities | $81.28M | $122.65M | $51.85M | $34.11M |
| Long-Term Liabilities | ||||
| Long-Term Debt | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $3.15M | $2.84M | $3.12M | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $44.08M | $25.48M | $32.16M | $3.22M |
| Total Long-Term Liabilities | $52.52M | $32.49M | $43.35M | $14.66M |
| Other Liabilities | $0 | $0 | $0 | $0 |
| Total Liabilities | $133.79M | $155.14M | $95.19M | $48.77M |
| Stockholders' Equity | ||||
| Preferred Stock | $0 | $215.32M | $126.02M | $123.47M |
| Common Stock | $129K | $10 | $10 | $10 |
| Retained Earnings | -$327.87M | -$227.77M | -$153.04M | -$108.71M |
| Comprehensive Income & Other | $464K | -$53K | $0 | -$94K |
| Other Stockholders' Equity | $433.79M | $218.7M | $129.45M | $126.81M |
| Total Equity | $106.05M | -$9.07M | -$23.58M | $18.1M |
| Minority Interest | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $239.84M | $146.07M | $71.61M | $66.87M |
| Supplementary Data | ||||
| Total Debt | $9.36M | $4.1B | $12.41M | $14.98M |
| Net Debt | -$11.08M | $4.08B | $6.37M | $10.93M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Operating Activities | ||||
| Net Income | -$99.5M | -$72.17M | -$41.78M | -$19.94M |
| Depreciation & Amortization | $6.33M | $6.17M | $3.67M | $2.56M |
| Deferred Income Tax | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||
| Accounts Receivable | -$4.97M | -$6.55M | -$5.79M | $3.13M |
| Inventory | -$234K | $2.04M | -$873 | -$1.3M |
| Accounts Payable | $1.92M | -$5.09M | $4.5M | $6.82M |
| Other Working Capital | $9.78M | $14.03M | $5.84M | -$1.6M |
| Total Working Capital Change | $6.49M | $4.43M | $4.55M | $7.05M |
| Other Non-Cash Items | $22.22M | $12.88M | $29.73M | $3.01M |
| Net Cash from Operating | -$64.45M | -$48.69M | -$3.83M | -$7.32M |
| Investing Activities | ||||
| Capital Expenditures | -$2.65M | -$996K | -$917K | -$5.88M |
| Acquisitions | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$148.95M | -$57.43M | $0 | -$4.96M |
| Sales of Investments | $98.47M | $0 | $6.31M | $5.24M |
| Other Investing Activities | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$53.12M | -$58.43M | $5.4M | -$5.6M |
| Financing Activities | ||||
| Debt Repaid | $199K | $189K | $73K | - |
| Common Stock Issuance | $155.07M | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 |
| Dividends Paid | -$915K | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $153.96M | $125.13M | $427K | $0 |
| Forex Effect | -$20M | $0 | $0 | $16.96M |
| Net Change in Cash | $16.38M | $18.02M | $1.99M | $4.05M |
| Supplementary Data | ||||
| Operating Cash Flow | -$64.45M | -$48.69M | -$3.83M | -$7.32M |
| Capital Expenditure | -$2.65M | -$996K | -$917K | -$5.88M |
| Free Cash Flow | -$67.11M | -$49.68M | -$4.75M | -$13.2M |
| Cash at Beginning | $24.05M | $6.04M | $4.05M | $0 |
| Cash at End | $40.43M | $24.05M | $6.04M | $4.05M |