Newsmax Inc.

Listed Company

NMAXCIK 0002026478NYSEEmerging GrowthTelevision Broadcasting StationsFlorida

Period

FY 2025

Revenue

$189.25M

Net Income

$-99.50M

Total Assets

$239.84M

Equity

$106.05M

Shares Out

—

Op. Cash Flow

$-104.45M

NMAX$8.36−42.79% · past yearDBEQ Basic

Daily closing prices

Business

Newsmax Inc. is a television broadcaster and multi-platform content publisher producing original news and editorial content. The company operates two segments: Broadcasting, which produces cable and streaming news channels (Newsmax, Newsmax2, World at War) and syndicated radio; and Digital, which generates revenue from online advertising, subscriptions, and e-commerce. Newsmax distributes content across linear cable, OTT streaming, and FAST channels to U.S. and international audiences.

Summary from 10-K filed 2026-03-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31
Total revenues	189	171
Gross profit	74	78
Personnel costs	33	26
Advertising costs	22	17
Professional fees	13	7
Rent and utilities	6	6
Depreciation	3	3
Other corporate matters	79	77
Other	19	13
Total general and administrative expenses	174	148
Loss from operations	−100	−70
Interest and dividend income	7	580,502
Interest expense	−23,167	−91,540
Unrealized (loss) gain on marketable securities	2	−290,081
Other, net	−8	−3
Total other income (expense), net	359,450	−2
Net loss before income taxes	−99	−72
Income tax expense	0	0
Net loss	−99	−72
Unrealized gain (loss) on available for sale debt investments, net of income tax	517,214	−52,849
Comprehensive loss	−99	−72
Weighted average common stock outstanding, basic (in shares)	108	41
Weighted average common stock outstanding, diluted (in shares)	108	41
Net loss per share attributable to common stockholder, basic (in USD per share)	−0.96	−1.95
Net loss per share attributable to common stockholder, diluted (in USD per share)	−0.96	−1.95

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2025 2025-03-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Cash and cash equivalents	20	—	24	—
Funds held in escrow	20	—	0	—
Investments	111	—	58	—
Accounts receivable, net	33	—	28	—
Inventories, net	2	—	2	—
Prepaid expenses and other current assets	9	—	9	—
Total current assets	195	—	121	—
Property and equipment, net	6	—	6	—
Right-of-use assets - operating leases	9	—	7	—
Other assets	9	—	11	—
Security deposits	581,863	—	609,426	—
Funds held in escrow	20	—	0	—
Total assets	240	—	146	—
Accounts payable	17	—	15	—
Accrued expenses	12	—	10	—
Accrued payroll	3	—	2	—
Accrued distribution	231,187	—	1	—
Deferred revenue	13	—	14	—
Operating lease liability	4	—	4	—
Finance lease liability	124,970	—	199,237	—
Settlement liability	26	—	29	—
Share repurchase liability	6	—	0	—
Warrant liability	0	—	6	—
Derivative liability	0	—	41	—
Total current liabilities	81	—	123	—
Deferred revenue - non-current	3	—	3	—
Operating lease liability - non-current	5	—	4	—
Finance lease liability - non-current	4,961	—	129,930	—
Other long-term liabilities	925,000	—	0	—
Settlement liability - non-current	43	—	25	—
Total liabilities	134	—	155	—
Commitments and contingencies (Note 11)	—	—	—	—
Convertible and redeemable preferred stock, $0.001 par value; 11,034 shares authorized; and 0 and 5,575 shares issued and outstanding as of December 31, 2025 and December 31, 2024	0	129	129	126
Convertible and redeemable preferred stock, $0.001 par value; 60,000 shares authorized; and 0 and 27,612 shares issued and outstanding as of December 31, 2025 and December 31, 2024	0	—	87	—
Class A common stock, 0.001 par value; 50,000,000 shares authorized; 39,239,297 shares issued and outstanding; Class B common stock, 0.001 par value; 940,000,000 shares authorized; 89,889,822 shares issued and outstanding at December 31, 2025. Class A common stock, 0.001 par value; 50,000,000 Class A shares authorized; 68,127,538 Class A shares issued with 41,065,954 outstanding at December 31, 2024; 940,000,000 Class B shares authorized; 0 Class B shares issued and outstanding at December 31, 2024 (1)	129,129	—	10	—
Treasury stock, 0 and 27,061,584 shares at cost, respectively	0	—	−15	—
Additional paid-in capital	433	—	18	—
Accumulated other comprehensive income (loss)	464,365	—	−52,849	—
Accumulated deficit	−328	—	−228	—
Total stockholders equity (deficit)	106	—	−138	−150
Total liabilities, convertible and redeemable preferred stock and stockholders equity (deficit)	240	—	146	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31
Depreciation and amortization	6	6
Stock-based compensation	12	0
Change in fair value of warrant liability	2	6
Change in fair value of derivative liability	6	2
(Recovery of) provision for credit losses	−186,031	259,269
Lease expense	4	3
Commitment fee - standby equity purchase agreement	500,000	0
Accounts receivable	−5	−7
Inventory	−234,471	2
Prepaid expenses and other current assets	−2	−4
Funding of settlement escrow	−40	0
Other assets	−2	0
Security deposits	27,563	176,452
Accounts payable	2	−5
Accrued expenses	2	7
Lease liabilities	−4	−4
Settlement liability	15	15
Other long-term liabilities	925,000	0
Deferred revenue	−739,853	−1
Net cash used in operating activities	−104	−49
Purchase of investments	−149	−57
Proceeds from maturity of investments	49	0
Sale of investments	50	0
Purchase of property and equipment	−3	−996,291
Net cash used in investing activities	−53	−58
Proceeds from issuance of convertible preferred stock, net	81	126
Proceeds from issuance of common stock IPO, net	67	0
Payments of third-party IPO issuance costs	−1	0
Proceeds from exercise of stock options	8	0
Proceeds from additional stock issuance	88,500	0
Payment of dividend	−915,069	0
Payment of line of credit	0	−500,000
Principal payment under finance lease obligation	−199,237	−189,370
Net cash provided by financing activities	154	125
Net change in cash	−4	18
Operating lease assets obtained in exchange for operating lease liabilities	5	38,955
Taxes paid	28,160	16,374
Interest paid	1,829	42,300
Property and equipment acquired through accounts payable	178,627	151,415
Issuance of warrants resulting in recognition of warrant liabilities	0	6
Issuance of warrants in connection with the issuance of convertible stock	1	2
Common stock issuance costs reclassified from prepaid expenses	−2	0
Conversion of derivative liability to equity	75	0
Conversion of warrant liability to equity	8	0

Filings

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Frequently asked questions

What is Newsmax Inc.'s CIK number?

Newsmax Inc.'s SEC CIK number is 0002026478 (2026478). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Newsmax Inc.'s SEC filings?

All of Newsmax Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Newsmax Inc. last report earnings?

Newsmax Inc. (NMAX) most recently filed an earnings 8-K with the SEC on May 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0002026478-26-000046). This is Newsmax Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Newsmax Inc.'s most recent earnings 8-K?

Newsmax Inc.'s latest earnings 8-K (Item 2.02) was filed May 14, 2026 under accession 0002026478-26-000046. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Newsmax Inc.'s latest earnings 8-K →
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