Newsmax Inc. (NMAX)

Newsmax Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	184.69	171.02	135.28	135.31
Revenue Growth (YoY)	14.49%	26.42%	-0.03%	-
Cost of Revenue	102.97	86.97	79.46	76.38
Gross Profit	81.72	84.05	55.82	58.93
Selling, General & Admin	179.41	150.74	73.82	75.85
Operating Expenses	182.32	153.86	76.99	78.41
Operating Income	-100.6	-69.81	-21.17	-19.47
Interest Expense	-0.04	-0.09	-0.04	-0.02
Interest & Investment Income	5.42	0.58	0.14	0.3
Other Non Operating Income (Expenses)	-9.64	-2.56	3.19	-0.2
EBT Excluding Unusual Items	-104.85	-71.88	-17.88	-19.4
Gain (Loss) on Sale of Investments	1.49	-0.29	0.05	-0.52
Asset Writedown	-	-	-23.93	-
Pretax Income	-103.36	-72.17	-41.76	-19.92
Income Tax Expense	0.05	-	0.02	0.02
Net Income	-103.41	-72.17	-41.78	-19.94
Preferred Dividends & Other Adjustments	7.69	8.01	5.79	5.79
Net Income to Common	-111.1	-80.18	-47.57	-25.73
Shares Outstanding (Basic)	86	41	41	-
Shares Outstanding (Diluted)	86	41	41	-
EPS (Basic)	-1.29	-1.95	-1.16	-
EPS (Diluted)	-1.29	-1.95	-1.16	-
Free Cash Flow	-136.87	-49.68	-4.75	-13.2
Free Cash Flow Per Share	-1.59	-1.21	-0.12	-
Gross Margin	44.25%	49.15%	41.26%	43.55%
Operating Margin	-54.47%	-40.82%	-15.65%	-14.39%
Profit Margin	-60.16%	-46.88%	-35.16%	-19.01%
Free Cash Flow Margin	-74.11%	-29.05%	-3.51%	-9.76%
EBITDA	-94.47	-63.64	-17.49	-16.91
EBITDA Margin	-51.15%	-37.21%	-12.93%	-12.50%
D&A For EBITDA	6.12	6.17	3.67	2.56
EBIT	-100.6	-69.81	-21.17	-19.47
EBIT Margin	-54.47%	-40.82%	-15.65%	-14.39%
Revenue as Reported	184.69	171.02	135.28	135.31
Advertising Expenses	-	16.87	16.98	29.87

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q