Newsmax Inc Class B (NMAX) financials
Newsmax revenue and earnings by year
Newsmax's revenue was $189 million in the fiscal year to December 31, 2025, up 10.7% from the year before. Net income was -$99.5 million, -52.6% of revenue.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 3 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 |
|---|---|---|---|
| Revenue | 189 | 171 | 135 |
| Revenue growth | 10.7% | 26.4% | — |
| Gross profit | 74 | 78 | 56 |
| Gross margin | 39.3% | 45.6% | 41.3% |
| Operating income | -100 | -70 | -45 |
| Operating margin | -52.8% | -40.8% | -33.3% |
| Net income | -99 | -72 | -42 |
| Net margin | -52.6% | -42.2% | -30.9% |
| Diluted EPS | -$0.96 | -$1.95 | — |
| Free cash flow | -107 | -50 | -5 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open NMAX in Markets.
How Newsmax makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Broadcasting | $45.8M | 84.7% |
| Digital | $8.30M | 15.3% |
See also: NMAX valuation and P/E history · NMAX returns
No forecast, no recommendation. This page describes Newsmax Inc Class B from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.