Saturday 17 October 2026 Export NMAX’s income statement to Excel — free account

Newsmax Inc.

NMAX Communication Services Broadcasting

Newsmax Inc.’s revenue for fiscal 2025 (year ended December 2025) was $189.3 million, up 10.7% from fiscal 2024. In the quarter to June 2026, revenue grew 16.5%, EPS grew 103.4%, free cash flow grew 94.7% and total debt fell 96.2%, each against the same quarter a year earlier.

8.74 0.57 −6.12%

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Market cap: $1.2B
P/E: 167×
Fwd P/E: −82.8×
Dividend yield: —
F-score: 3/9
Altman Z: 1.82
Beneish M: −1.86
Dividend safety: n/a

Overview Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 6.16

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	2	7	—

Insider Ownership 48.77%

Capital & Financial Ratios $m

Market Cap 1,200.00

Revenue 203.29

Net Income (6.41)

Free Cash Flow (71.61)

Net Debt (128.30)

Current Ratio 2.39

Debt/Equity 0.00

P/E ratio 167.43

Fwd P/E (82.80)

P/S ratio 5.53

P/B ratio 9.92

Past 5Y EPS Growth —

This Y EPS Growth 98.61%

Next Y EPS Growth 1,275.03%

Next Y revenue growth 12.71%

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	7	82	131	128
Receivables	22	28	33	41
Inventory	4	2	2	2
Other	—	—	20	20
	35	121	195	202

	2023	2024	2025	Q'26
Payables	20	15	17	18
ST’ Debt	—	—	—	—
Other	7	77	33	35
	52	123	81	85

Compound Annual Growth %

	10y	5y	3y
Sales	—	—	—
Cash Flow	—	—	—
Earnings	—	—	—
Book Value	—	—	—

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	52	54	—	—	—
’25	45	46	45	52	189
’24	41	39	44	48	171

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(3)	0	—	—	—
’25	(16)	(23)	(68)	3	(104)
’24	(3)	(4)	(14)	(28)	(49)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(3)	(1)	—	—	—
’25	(16)	(24)	(69)	2	(107)
’24	(3)	(4)	(14)	(28)	(50)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.02)	0.02	—	—	—
’25	(0.49)	(0.59)	(0.03)	0.08	(0.96)
’24	(1.23)	(0.12)	(0.24)	(0.17)	(1.76)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	—	—	—	—	7.31	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	—	—	—	—	265.00
People
People	Employees	—	—	—	—	—	—	—	—	400	500
	Revenue/emp, $m	—	—	—	—	—	—	—	0.00	0.43	0.38
Income, $m
Income, $m	Revenue	—	—	—	—	—	—	—	135	171	189
	Gross margin, %	—	—	—	—	—	—	—	41.26	45.61	39.32
	EBT	—	—	—	—	—	—	—	(42)	(72)	(99)
	EBT margin, %	—	—	—	—	—	—	—	(30.87)	(42.20)	(52.57)
	Net income	—	—	—	—	—	—	—	(42)	(72)	(99)
	Depreciation	—	—	—	—	—	—	—	4	6	6
Per share, $
Per share, $	Revenue	—	—	—	—	—	—	—	3.29	4.16	1.75
	Earnings	—	—	—	—	—	—	—	(1.02)	(1.76)	(0.96)
	Cash flow	—	—	—	—	—	—	—	(0.09)	(1.19)	(0.97)
	Capex	—	—	—	—	—	—	—	(0.02)	(0.02)	(0.02)
	Free cash flow	—	—	—	—	—	—	—	(0.12)	(1.21)	(0.99)
	Book value	—	—	—	—	—	—	—	(0.57)	(0.22)	0.98
	Shares, m	—	—	—	—	—	—	—	41	41	108
Valuation, ×
Valuation, ×	P/E	—	—	—	—	—	—	—	0.00	0.00	0.00
	P/S	—	—	—	—	—	—	—	21.34	21.34	4.42
	P/B	—	—	—	—	—	—	—	21.14	21.14	7.89
	EV/Sales	—	—	—	—	—	—	—	20.11	20.11	3.73
	EV/FCF	—	—	—	—	—	—	—	(56.93)	(56.93)	(6.58)
Cash, $m
Cash, $m	Operating cash flow	—	—	—	—	—	—	—	(4)	(49)	(104)
	Capex	—	—	—	—	—	—	—	(1)	(1)	(3)
	Free cash flow	—	—	—	—	—	—	—	(5)	(50)	(107)
Balance, $m
Balance, $m	Working capital	—	—	—	—	—	—	—	(16)	(1)	114
	Total debt	—	—	—	—	—	—	—	0	0	0
	Net debt	—	—	—	—	—	—	—	(7)	(82)	(131)
	Shareholders’ equity	—	—	—	—	—	—	—	(24)	(9)	106
Returns, %
Returns, %	ROA	—	—	—	—	—	—	—	0.00	(73.66)	(53.98)
	ROIC	—	—	—	—	—	—	—	0.00	0.00	0.00
	ROE	—	—	—	—	—	—	—	0.00	42.88	176.04

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
NXST Nexstar Media Group, Inc.	$5.1B	30.4×	5.6×	+62.16% (above 0%: growing)	+18.12% (above 0%: growing)	+21.00% (above 0%: growing)	100.00%	18.16%	Compare
NMAX Newsmax Inc.	$1.2B	167×	— (loss-making)	+16.53% (above 0%: growing)	n/m	+94.72% (above 0%: growing)	43.12%	2.41%
FUBO fuboTV Inc.	$919.4M	— (loss-making)	9.5×	+37.99% (above 0%: growing)	n/m	+83.25% (above 0%: growing)	7.28%	(1.80%)	Compare
SBGI Sinclair, Inc.	$918.4M	16.5×	7.1×	+7.14% (above 0%: growing)	n/m	−56.19% (below 0%: shrinking)	47.98%	5.95%	Compare
GTN.A Gray Media Inc.	$671.6M	— (loss-making)	2.2×	+8.68% (above 0%: growing)	n/m	+2,750.00% (above 0%: growing)	29.56%	16.21%	Compare
GTN Gray Media Inc.	$468.7M	— (loss-making)	2.2×	+8.68% (above 0%: growing)	n/m	+2,750.00% (above 0%: growing)	29.56%	16.21%	Compare
IHRT iHeartMedia, Inc.	$323.0M	— (loss-making)	— (loss-making)	+4.67% (above 0%: growing)	n/m	+448.77% (above 0%: growing)	59.01%	3.63%	Compare
SSP E.W. Scripps Company (The)	$262.3M	— (loss-making)	4.6×	−9.20% (below 0%: shrinking)	n/m	−117.88% (below 0%: shrinking)	40.03%	(236.04%)	Compare
CURI CuriosityStream Inc.	$160.8M	261×	27.8×	+22.26% (above 0%: growing)	+1,002.94% (above 0%: growing)	−249.16% (below 0%: shrinking)	72.84%	39.49%	Compare
Median of peers	$570.1M	30.4×	5.6×	+8.68%	—	+52.13%	44.01%	11.08%

All 17 Broadcasting stocks →

Newsmax Inc. (NMAX) key facts

Strength: Newsmax Inc.’s revenue for fiscal 2025 (year ended December 2025) was $189.3 million, up 10.7% from fiscal 2024.
Newsmax Inc. (NMAX) is a Broadcasting company in the Communication Services sector, listed on the New York Stock Exchange.
As of October 16, 2026, NMAX traded at $8.74, a market capitalization of $1.2 billion.
Return on equity was 176.0% and debt-to-equity 0.00.
Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 1.82 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.