Symbols / NMAX Stock $6.23 -7.15% Newsmax, Inc.

Communication Services • Broadcasting • United States • NYQ
NMAX (Stock) Chart
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Communication Services
Industry Broadcasting
CEO Mr. Christopher W. Ruddy
Exch · Country NYQ · United States
Market Cap 804.53M
Enterprise Value 682.56M
Income -104.16M
Sales 189.25M
FCF (ttm) -113.28M
Book/sh 0.82
Cash/sh 1.02
Employees 500
Insider 10d —
IPO Mar 31, 2025
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E 89.00
PEG —
P/S 4.25
P/B 7.59
P/C —
EV/EBITDA -7.06
EV/Sales 3.61
Quick Ratio 2.03
Current Ratio 2.40
Debt/Eq 8.82
LT Debt/Eq —
EPS (ttm) -0.96
EPS next Y 0.07
EPS Growth —
Revenue Growth 9.60%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-14
Earnings (prior) 2026-03-26
ROA -32.34%
ROE -205.18%
ROIC —
Gross Margin 39.32%
Oper. Margin -8.95%
Profit Margin -52.57%
Shs Outstand 89.90M
Shs Float 30.92M
Insider Own 21.95%
Instit Own 60.19%
Short Float 94.09%
Short Ratio 7.71
Short Interest 7.41M
52W High 27.49
vs 52W High -77.34%
52W Low 5.11
vs 52W Low 21.92%
Beta —
Impl. Vol. 1.20%
Rel Volume 1.56
Avg Volume 1.54M
Volume 2.40M
Target (mean) $18.50
Tgt Median $18.50
Tgt Low $17.00
Tgt High $20.00
# Analysts 2
Recom None
Prev Close $6.71
Price $6.23
Change -7.15%
About

Newsmax Inc., through its subsidiaries, operates as a television broadcaster and multi-platform content publisher in the United States. It operates through two segments, Broadcasting and Digital. The Broadcasting segment produces and licenses news, business news, and lifestyle content for distribution through cable television systems, direct broadcast satellite operators, and telecommunication companies. This segment also provides programming services through Newsmax and Newsmax2, which offer 24/7 television news and informational programming channels through cable and digital streaming platforms; and World at War that offers 24/7 historical documentaries and movies. The Digital segment offers online advertising services, such as online display, email advertising, other online placements, and print advertisements; subscriptions, including a collection of specialized health and financial newsletters, Newsmax Magazine, and online membership programs; and sells nutraceutical and nonfiction books on political, financial, and health-related topics. Newsmax Inc. was founded in 1998 and is headquartered in Boca Raton, Florida.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$18.50
Mean price target
2. Current target
$6.23
Latest analyst target
3. DCF / Fair value
$-22.68
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$6.23
Low
$17.00
High
$20.00
Mean
$18.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-08-21 init Noble Capital Markets — → Outperform $23
2025-07-24 init Maxim Group — → Buy $20
News
RSS: Latest NMAX news
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31
Total Revenue
189.25
+10.66%
171.02
+26.42%
135.28
Operating Revenue
189.25
+10.66%
171.02
+26.42%
135.28
Cost Of Revenue
114.83
+23.45%
93.02
+17.07%
79.46
Reconciled Cost Of Revenue
111.30
+23.71%
89.96
+13.96%
78.95
Gross Profit
74.42
-4.58%
78.00
+39.73%
55.82
Operating Expense
174.28
+17.91%
147.80
+91.99%
76.99
Selling General And Administration
171.49
+18.52%
144.69
+95.99%
73.82
Selling And Marketing Expense
21.67
+28.46%
16.87
-0.65%
16.98
General And Administrative Expense
149.81
+17.21%
127.82
+124.87%
56.84
Salaries And Wages
32.94
+28.84%
25.56
-3.38%
26.46
Other Gand A
110.87
+15.17%
96.27
+293.84%
24.44
Total Expenses
289.11
+20.05%
240.82
+53.94%
156.44
Operating Income
-99.85
-43.04%
-69.81
-229.80%
-21.17
Total Operating Income As Reported
-99.85
-43.04%
-69.81
-54.80%
-45.10
EBITDA
-93.14
-41.33%
-65.91
-73.23%
-38.05
Normalized EBITDA
-94.74
-44.38%
-65.62
-363.29%
-14.16
Reconciled Depreciation
6.33
+2.51%
6.17
+68.02%
3.67
EBIT
-99.47
-38.00%
-72.08
-72.78%
-41.72
Total Unusual Items
1.59
+649.58%
-0.29
+98.79%
-23.88
Total Unusual Items Excluding Goodwill
1.59
+649.58%
-0.29
+98.79%
-23.88
Special Income Charges
—
0.00
+100.00%
-23.93
Write Off
—
0.00
-100.00%
23.93
Net Income
-99.50
-37.86%
-72.17
-72.75%
-41.78
Pretax Income
-99.50
-37.86%
-72.17
-72.83%
-41.76
Net Non Operating Interest Income Expense
7.02
+1334.79%
0.49
+368.81%
0.10
Interest Expense Non Operating
0.02
-74.69%
0.09
+131.98%
0.04
Net Interest Income
7.02
+1334.79%
0.49
+368.81%
0.10
Interest Expense
0.02
-74.69%
0.09
+131.98%
0.04
Interest Income Non Operating
7.04
+1112.52%
0.58
+303.80%
0.14
Interest Income
7.04
+1112.52%
0.58
+303.80%
0.14
Other Income Expense
-6.66
-133.33%
-2.85
+86.22%
-20.70
Other Non Operating Income Expenses
-8.25
-221.96%
-2.56
-180.43%
3.19
Gain On Sale Of Security
1.59
+649.58%
-0.29
-726.28%
0.05
Tax Provision
0.00
0.00
-100.00%
0.02
Tax Rate For Calcs
0.00
0.00
-100.00%
0.00
Tax Effect Of Unusual Items
0.00
0.00
+100.00%
-5.02
Net Income Including Noncontrolling Interests
-99.50
-37.86%
-72.17
-72.75%
-41.78
Net Income From Continuing Operation Net Minority Interest
-99.50
-37.86%
-72.17
-72.75%
-41.78
Net Income From Continuing And Discontinued Operation
-99.50
-37.86%
-72.17
-72.75%
-41.78
Net Income Continuous Operations
-99.50
-37.86%
-72.17
-72.75%
-41.78
Normalized Income
-101.09
-40.63%
-71.88
-213.75%
-22.91
Net Income Common Stockholders
-104.16
-29.92%
-80.18
-68.55%
-47.57
Diluted EPS
—
-0.62
+41.07%
-1.06
Basic EPS
—
-0.62
+41.07%
-1.06
Basic Average Shares
—
128.41
+186.03%
44.90
Diluted Average Shares
—
128.41
+186.03%
44.90
Diluted NI Availto Com Stockholders
-104.16
-29.92%
-80.18
-68.55%
-47.57
Depreciation Amortization Depletion Income Statement
2.79
-10.46%
3.12
-1.54%
3.16
Depreciation And Amortization In Income Statement
2.79
-10.46%
3.12
-1.54%
3.16
Depreciation Income Statement
2.79
-10.46%
3.12
-1.54%
3.16
Preferred Stock Dividends
4.67
-41.69%
8.01
+38.25%
5.79
Rent And Landing Fees
6.00
+0.43%
5.98
+0.72%
5.94
Rent Expense Supplemental
6.00
+0.43%
5.98
+0.72%
5.94
Line Item Trend 2025-12-31 2024-12-31 2023-12-31
Total Assets
239.84
+64.19%
146.07
+103.98%
71.61
Current Assets
195.46
+61.08%
121.35
+242.63%
35.42
Cash Cash Equivalents And Short Term Investments
131.33
+59.45%
82.36
+1034.68%
7.26
Cash And Cash Equivalents
20.43
-15.05%
24.05
+298.41%
6.04
Other Short Term Investments
110.90
+90.18%
58.31
+4673.38%
1.22
Receivables
33.41
+18.22%
28.27
+28.65%
21.97
Accounts Receivable
33.41
+18.22%
28.27
+28.65%
21.97
Gross Accounts Receivable
35.11
+14.88%
30.57
+19.49%
25.58
Allowance For Doubtful Accounts Receivable
-1.70
+26.09%
-2.30
+36.25%
-3.61
Inventory
2.03
+13.08%
1.79
-53.25%
3.83
Prepaid Assets
—
0.18
-75.14%
0.72
Restricted Cash
20.00
0.00
—
Other Current Assets
8.69
-2.63%
8.93
+448.07%
1.63
Total Non Current Assets
44.38
+79.50%
24.73
-31.69%
36.19
Net PPE
15.09
+12.46%
13.42
-27.85%
18.60
Gross PPE
36.04
+14.27%
31.54
-6.43%
33.71
Accumulated Depreciation
-20.95
-15.62%
-18.12
-19.91%
-15.11
Properties
0.00
0.00
0.00
Machinery Furniture Equipment
16.92
+19.44%
14.17
+9.42%
12.95
Other Properties
8.82
+22.69%
7.19
-32.03%
10.58
Leases
10.29
+1.13%
10.18
+0.00%
10.18
Non Current Prepaid Assets
0.58
-4.52%
0.61
-22.45%
0.79
Other Non Current Assets
28.71
+168.37%
10.70
-36.36%
16.81
Total Liabilities Net Minority Interest
133.79
-13.76%
155.14
+62.97%
95.19
Current Liabilities
81.28
-33.73%
122.65
+136.55%
51.85
Payables And Accrued Expenses
31.67
+13.73%
27.84
+9.71%
25.38
Payables
16.77
+14.31%
14.67
-25.18%
19.61
Accounts Payable
16.77
+14.31%
14.67
-25.18%
19.61
Current Accrued Expenses
14.89
+13.08%
13.17
+128.21%
5.77
Current Debt And Capital Lease Obligation
4.06
-0.74%
4.09
-5.68%
4.34
Current Debt
—
—
0.50
Current Capital Lease Obligation
4.06
-0.74%
4.09
+6.61%
3.84
Current Deferred Liabilities
12.60
-7.72%
13.65
-8.06%
14.85
Current Deferred Revenue
12.60
-7.72%
13.65
-8.06%
14.85
Other Current Liabilities
32.95
-57.24%
77.06
+958.58%
7.28
Total Non Current Liabilities Net Minority Interest
52.52
+61.63%
32.49
-25.04%
43.35
Long Term Debt And Capital Lease Obligation
5.29
+26.63%
4.18
-48.19%
8.07
Long Term Capital Lease Obligation
5.29
+26.63%
4.18
-48.19%
8.07
Non Current Deferred Liabilities
3.15
+11.07%
2.84
-9.19%
3.12
Non Current Deferred Revenue
3.15
+11.07%
2.84
-9.19%
3.12
Other Non Current Liabilities
44.08
+73.00%
25.48
-20.77%
32.16
Stockholders Equity
106.05
+1269.63%
-9.07
+61.56%
-23.58
Common Stock Equity
106.05
+147.26%
-224.39
-49.99%
-149.60
Capital Stock
0.13
-99.94%
215.32
+70.86%
126.02
Common Stock
0.13
+1291190.00%
0.00
+0.00%
0.00
Preferred Stock
0.00
-100.00%
215.32
+70.86%
126.02
Share Issued
129.13
+0.56%
128.41
+0.00%
128.41
Ordinary Shares Number
129.13
+0.56%
128.41
+0.00%
128.41
Additional Paid In Capital
433.33
+2299.81%
18.06
+0.00%
18.06
Retained Earnings
-327.87
-43.95%
-227.77
-48.83%
-153.04
Gains Losses Not Affecting Retained Earnings
0.46
+978.66%
-0.05
0.00
Treasury Stock
0.00
-100.00%
14.62
+0.00%
14.62
Other Equity Adjustments
0.46
+978.66%
-0.05
—
Total Equity Gross Minority Interest
106.05
+1269.63%
-9.07
+61.56%
-23.58
Total Capitalization
106.05
+1269.63%
-9.07
+61.56%
-23.58
Working Capital
114.18
+8884.84%
-1.30
+92.09%
-16.43
Invested Capital
106.05
+147.26%
-224.39
-50.49%
-149.10
Total Debt
9.36
+13.09%
8.27
-33.32%
12.41
Capital Lease Obligations
9.36
+13.09%
8.27
-30.51%
11.91
Net Tangible Assets
106.05
+1269.63%
-9.07
+61.56%
-23.58
Tangible Book Value
106.05
+147.26%
-224.39
-49.99%
-149.60
Line Of Credit
—
0.00
-100.00%
0.50
Preferred Stock Equity
—
215.32
+70.86%
126.02
Line Item Trend 2025-12-31 2024-12-31 2023-12-31
Operating Cash Flow
-104.45
-114.54%
-48.69
-1170.71%
-3.83
Cash Flow From Continuing Operating Activities
-104.45
-114.54%
-48.69
-1170.71%
-3.83
Net Income From Continuing Operations
-99.50
-37.86%
-72.17
-72.75%
-41.78
Depreciation Amortization Depletion
6.33
+2.51%
6.17
+68.02%
3.67
Depreciation
—
3.12
-1.54%
3.16
Amortization Cash Flow
—
3.06
+500.00%
0.51
Depreciation And Amortization
6.33
+2.51%
6.17
+68.02%
3.67
Amortization Of Intangibles
—
3.06
+500.00%
0.51
Other Non Cash Items
4.12
+19.16%
3.45
+4.98%
3.29
Stock Based Compensation
11.96
0.00
—
Provisionand Write Offof Assets
-0.19
-171.75%
0.26
—
Asset Impairment Charge
—
0.26
-99.02%
26.48
Operating Gains Losses
7.93
-10.72%
8.88
—
Gain Loss On Investment Securities
7.93
-10.72%
8.88
—
Unrealized Gain Loss On Investment Securities
-1.59
-649.58%
0.29
+726.28%
-0.05
Change In Working Capital
-33.51
-856.52%
4.43
-2.57%
4.55
Change In Receivables
-4.97
+24.14%
-6.55
-13.19%
-5.79
Changes In Account Receivables
-4.97
+24.14%
-6.55
-13.19%
-5.79
Change In Inventory
-0.23
-111.48%
2.04
+234007.10%
-0.00
Change In Prepaid Assets
-1.68
+49.83%
-3.34
-154.68%
6.11
Change In Payables And Accrued Expense
3.64
+57.59%
2.31
-59.10%
5.65
Change In Accrued Expense
1.72
-76.72%
7.40
+538.39%
1.16
Change In Payable
1.92
+137.76%
-5.09
-213.18%
4.50
Change In Account Payable
1.92
+137.76%
-5.09
-213.18%
4.50
Change In Other Working Capital
-40.74
-2644.94%
-1.48
-138.78%
3.83
Change In Other Current Assets
-1.55
0.00
+100.00%
-41.25
Change In Other Current Liabilities
12.02
+4.97%
11.45
-68.18%
35.99
Investing Cash Flow
-53.12
+9.08%
-58.43
-1182.97%
5.40
Cash Flow From Continuing Investing Activities
-53.12
+9.08%
-58.43
-1182.97%
5.40
Net PPE Purchase And Sale
-2.65
-166.04%
-1.00
-8.65%
-0.92
Purchase Of PPE
-2.65
-166.04%
-1.00
-8.65%
-0.92
Capital Expenditure
-2.65
-166.04%
-1.00
-8.65%
-0.92
Net Investment Purchase And Sale
-50.47
+12.12%
-57.43
-1009.86%
6.31
Purchase Of Investment
-148.95
-159.35%
-57.43
0.00
Sale Of Investment
98.47
0.00
-100.00%
6.31
Net Other Investing Changes
-0.00
+0.00%
-0.00
—
Financing Cash Flow
153.96
+23.04%
125.13
+29174.48%
0.43
Cash Flow From Continuing Financing Activities
153.96
+23.04%
125.13
+29174.48%
0.43
Net Issuance Payments Of Debt
-0.20
+71.10%
-0.69
-261.28%
0.43
Issuance Of Debt
—
0.00
-100.00%
0.50
Repayment Of Debt
-0.20
+71.10%
-0.69
-850.11%
-0.07
Long Term Debt Payments
-0.20
-5.21%
-0.19
-160.99%
-0.07
Net Long Term Debt Issuance
-0.20
-5.21%
-0.19
-160.99%
-0.07
Short Term Debt Issuance
—
0.00
-100.00%
0.50
Short Term Debt Payments
0.00
+100.00%
-0.50
0.00
Net Short Term Debt Issuance
0.00
+100.00%
-0.50
-200.00%
0.50
Net Common Stock Issuance
67.56
0.00
—
Common Stock Dividend Paid
-0.92
0.00
—
Cash Dividends Paid
-0.92
0.00
—
Proceeds From Stock Option Exercised
7.88
0.00
—
Net Other Financing Charges
-1.11
—
—
Changes In Cash
-3.62
-120.09%
18.02
+804.78%
1.99
Beginning Cash Position
24.05
+298.41%
6.04
+49.21%
4.05
End Cash Position
20.43
-15.05%
24.05
+298.41%
6.04
Free Cash Flow
-107.11
-115.57%
-49.68
-946.30%
-4.75
Interest Paid Supplemental Data
0.00
-95.68%
0.04
+69.44%
0.02
Income Tax Paid Supplemental Data
0.03
+71.98%
0.02
—
Common Stock Issuance
67.56
0.00
—
Issuance Of Capital Stock
148.30
+17.87%
125.82
0.00
Net Preferred Stock Issuance
80.74
-35.83%
125.82
0.00
Preferred Stock Issuance
80.74
-35.83%
125.82
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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