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Companies / Communication Services / Newsmax Inc.
NMAX

Newsmax Inc.

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

Newsmax Inc. (NYSE: NMAX) operates as a television broadcaster and multi-platform content publisher producing original news and editorial content for consumers through various media outlets including TV news channels, digital and print publications, its website Newsmax.com, syndicated radio programming, podcasts, and… From the company’s description.

Fiscal year 2025The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$189.25M
Last 12 mo $203.29M
-52.76%
Last 12 mo -7.40%
$-99.50M
Last 12 mo $-6.41M
-93.82%
Last 12 mo -5.66%
Cash & financing
$-104.45M
Last 12 mo $-68.27M
$-107.11M
Last 12 mo $-71.61M
0.00
108.2M
Last 12 mo 129.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. 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) operates as a television broadcaster and multi-platform content publisher producing original news and editorial content for consumers through various media outlets including TV news channels, digital and print publications, its website Newsmax.com, syndicated radio programming, podcasts, and social media platforms. The company sells advertising to third-party marketers and offers paid subscriptions to digital and print products.

The company operates through two reportable segments: Broadcasting and Digital. The Broadcasting segment, which generated $153.3 million in revenue during 2025, produces and licenses news, business news, and lifestyle content distributed primarily through multichannel video programming distributors (MVPDs) including cable television systems, direct broadcast satellite operators, and telecommunication companies. Newsmax Broadcasting operates three channels: Newsmax and World at War as linear cable channels available on pay TV services, and Newsmax2 as a free streaming channel. The company also operates Newsmax Radio, providing nationally syndicated programming and podcasts. The Digital segment, representing $35.9 million in 2025 revenue, generates income through online advertising, subscriptions including the Newsmax+ streaming service, and e-commerce operations.

Newsmax's digital platform reaches more than eight million unique monthly visitors, five million email subscribers, approximately seven million push mobile and SMS text messaging alert subscribers, and over 23 million social media followers across multiple platforms. The Newsmax app has been downloaded over 20 million times. Newsmax Broadcasting reaches over 58 million viewers across cable and streaming platforms and is carried by major distributors including DirecTV, Dish, Comcast/Xfinity, Charter/Spectrum, and Verizon. The company's OTT streaming channel, Newsmax2, reaches an estimated 17 million Americans through platforms such as Roku, Samsung, Vizio, Xumo, and Pluto.

The company's digital operations include subsidiaries focused on publishing, nutraceutical sales through Medix Select, media buying services, and insurance offerings. As of December 31, 2025, Newsmax employed approximately 500 full-time employees. Total revenue grew from $41.8 million in 2020 to $189.3 million in 2025. The company's website is located at Newsmax.com.

Company details
Sector
Communication Services
Industry
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
0.01%of fund net assets
VANGUARD RUSSELL 2000 INDEX FUND
VTWO · VANGUARD SCOTTSDALE FUNDS
0.01%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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