Newsmax Inc. (NMAX)

Newsmax Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	171.02	135.28	135.31
Revenue Growth (YoY)	26.42%	-0.03%	-
Cost of Revenue	86.97	79.46	76.38
Gross Profit	84.05	55.82	58.93
Selling, General & Admin	150.74	73.82	75.85
Operating Expenses	153.86	76.99	78.41
Operating Income	-69.81	-21.17	-19.47
Interest Expense	-0.09	-0.04	-0.02
Interest & Investment Income	0.58	0.14	0.3
Other Non Operating Income (Expenses)	-2.56	3.19	-0.2
EBT Excluding Unusual Items	-71.88	-17.88	-19.4
Gain (Loss) on Sale of Investments	-0.29	0.05	-0.52
Asset Writedown	-	-23.93	-
Pretax Income	-72.17	-41.76	-19.92
Income Tax Expense	-	0.02	0.02
Net Income	-72.17	-41.78	-19.94
Preferred Dividends & Other Adjustments	8.01	5.79	5.79
Net Income to Common	-80.18	-47.57	-25.73
Shares Outstanding (Basic)	41	41	82
Shares Outstanding (Diluted)	41	41	82
Shares Change (YoY)	-	-50.00%	-
EPS (Basic)	-1.95	-1.16	-0.31
EPS (Diluted)	-1.95	-1.16	-0.31
Free Cash Flow	-49.68	-4.75	-13.2
Free Cash Flow Per Share	-1.21	-0.12	-0.16
Gross Margin	49.15%	41.26%	43.55%
Operating Margin	-40.82%	-15.65%	-14.39%
Profit Margin	-46.88%	-35.16%	-19.01%
Free Cash Flow Margin	-29.05%	-3.51%	-9.76%
EBITDA	-63.64	-17.49	-16.91
EBITDA Margin	-37.21%	-12.93%	-12.50%
D&A For EBITDA	6.17	3.67	2.56
EBIT	-69.81	-21.17	-19.47
EBIT Margin	-40.82%	-15.65%	-14.39%
Revenue as Reported	171.02	135.28	135.31
Advertising Expenses	16.87	16.98	29.87

Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q