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NMAX

Newsmax Inc.

Ticker NMAXBOCA RATON, FLBook value per share $0.88Diluted shares 129.3M

Newsmax Inc. (NYSE: NMAX) is a television broadcaster and multi-platform content publisher that produces news and editorial programming for consumers and earns revenue from advertising, distribution fees, subscriptions, publishing and e-commerce. Its content reaches audiences through television channels, streaming… From the company’s description.

In fiscal 2025, Newsmax Inc. reported revenue of $189.25M and a net loss of $99.50M. Its operating margin was −52.8%, and operations used $104.45M in cash. Over the twelve months to Jun 30, 2026, revenue was $203.29M.

Fiscal year 2025The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$189.25MFY2025
Last 12 mo $203.29M
-52.76%FY2025
Last 12 mo -7.40%
$-99.50MFY2025
Last 12 mo $-6.41M
-93.82%FY2025
Last 12 mo -5.66%
Cash & financing
$-104.45MFY2025
Last 12 mo $-68.27M
$-107.11MFY2025
Last 12 mo $-71.62M
0.00FY2025
108.2MFY2025
Last 12 mo 129.3M

Dotted labels explain each measure. is shown separately from the annual figures.

What Newsmax Inc. does

In the company’s own words

Newsmax Inc. (NYSE: NMAX) is a television broadcaster and multi-platform content publisher that produces news and editorial programming for consumers and earns revenue from advertising, distribution fees, subscriptions, publishing and e-commerce. Its content reaches audiences through television channels, streaming services, Newsmax.com and affiliated websites, print and digital publications, syndicated radio, podcasts and social media. The company operates two reportable segments: Broadcasting, which generated $153.3 million of 2025 revenue, and Digital, which generated $35.9 million. Broadcasting produces and licenses news, business and lifestyle programming, including Newsmax, the free ad-supported Newsmax2 channel, World at War and the Newsmax+ subscription service; it also includes syndicated radio and podcasts. Digital encompasses online advertising, paid publications and memberships, books, nutraceuticals, media-buying services and insurance offerings. Its publications include Newsmax Magazine and health and financial newsletters, while Medix Select sells 22 nutraceutical products. The company employed approximately 500 full-time staff as of December 31, 2025, and its paid publications had more than 300,000 subscribers. Its website is Newsmax.com.

Company details
Sector
Communication Services
Industry (SIC)
Communications
Headquarters
BOCA RATON, FL
CIK
2026478
SIC
4833

Financial performance, year by year

Fiscal 2025–2025 · USD
$-129.77M$-38.94M$51.90M$142.73M$233.57M2025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Newsmax Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

68
funds hold it
0 of 35
superinvestors hold it
$37.43M
held by funds, at market
5.2%
of shares held by funds

Largest fund holders · Newsmax Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
0.02%of fund net assets
Fidelity Small Cap Index Fund
FSSNX · Fidelity Salem Street Trust
—of fund net assets
VANGUARD RUSSELL 2000 INDEX FUND
VTWO · VANGUARD SCOTTSDALE FUNDS
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Newsmax Inc. and its peers compare on margins and cash generation over ten years?”
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