NMAX financial statements
The full income statement, balance sheet, and cash-flow statement for Newsmax Inc. (NMAX), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 |
|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | |
| Revenue | 189M+10.7% | 171M | |
| Gross profit | 74.4M-4.6% | 78.0M | |
| 174M+17.9% | 148M | ||
| Provision for credit losses | -186K-171.8% | 259K | |
| Operating income | -99.9M-43.0% | -69.8M | |
| Interest expense | 23.2K-74.7% | 91.5K | |
| Interest & investment income | 600K | — | |
| Other non-operating income | -8.25M-222.0% | -2.56M | |
| Gain (loss) on equity securities | 1.59M+649.6% | -290K | |
| Pre-tax income | -99.5M-37.9% | -72.2M | |
| Income tax | 0.00 | 0.00 | |
| -99.5M-37.9% | -72.2M | ||
| Net income to common | -104M-29.9% | -80.2M | |
| -$0.96+50.8% | -$1.95 | ||
| EPS (basic) | -$0.96+50.8% | -$1.95 | |
| Weighted-avg shares (basic) | 108M+163.5% | 41.1M | |
| Weighted-avg shares (diluted) | 108M+163.5% | 41.1M | |
| Dividends per share | $0.01 | — | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | |
| 195M+61.1% | 121M | ||
| Cash & equivalents | 20.4M-15.0% | 24.1M | |
| Accounts receivable | 33.4M+18.2% | 28.3M | |
| Inventory | 2.03M+13.1% | 1.79M | |
| Prepaid expenses | 8.69M-2.6% | 8.93M | |
| 240M+64.2% | 146M | ||
| Operating lease right-of-use | 8.82M+22.7% | 7.19M | |
| Other non-current assets | 9.29M-13.1% | 10.7M | |
| 81.3M-33.7% | 123M | ||
| Accounts payable | 16.8M+14.3% | 14.7M | |
| Accrued liabilities | 14.9M+50.7% | 9.88M | |
| Deferred revenue | 12.6M-7.7% | 13.7M | |
| Current lease liability | 3.94M+1.1% | 3.89M | |
| Finance lease liability (current) | 125K-37.3% | 199K | |
| 134M-13.8% | 155M | ||
| Deferred revenue (non-current) | 3.15M+11.1% | 2.84M | |
| Non-current lease liability | 5.29M+30.6% | 4.05M | |
| Operating lease liability (total) | 9.23M | — | |
| Finance lease liability (total) | 130K | — | |
| Finance lease liability | 4.96K-96.2% | 130K | |
| Other non-current liabilities | 925K | 0.00 | |
| 106M+177.0% | -138M | ||
| Preferred stock | 0.00-100.0% | 86.7M | |
| Common stock | 129K | — | |
| Additional paid-in capital | 433M+2299.8% | 18.1M | |
| Retained earnings | -328M-43.9% | -228M | |
| Treasury stock | 0.00-100.0% | 14.6M | |
| Accumulated other comprehensive income | 464K+978.7% | -52.8K | |
| Total liabilities & equity | 240M+64.2% | 146M | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | |
| -104M-114.5% | -48.7M | ||
| Depreciation & amortization | 6.33M+2.5% | 6.17M | |
| Share-based compensation | 12.0M | 0.00 | |
| Change in receivables | 4.97M-24.1% | 6.55M | |
| Change in inventory | 234K+111.5% | -2.04M | |
| Change in payables | 1.92M+137.8% | -5.09M | |
| -53.1M+9.1% | -58.4M | ||
| Capital expenditure | 2.65M+166.0% | 996K | |
| Free cash flow | -107M-115.6% | -49.7M | |
| Acquisitions | 0.00 | 0.00 | |
| 154M+23.0% | 125M | ||
| Long-term debt issued | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | |
| Common stock issued | 88.5K | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | |
| Dividends paid | 915K | 0.00 | |
| Net change in cash | -3.62M-120.1% | 18.0M | |
| Interest paid | 1.83K-95.7% | 42.3K | |
| Income taxes paid | 28.2K+72.0% | 16.4K | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | |
| Market cap | 1.00B | — | |
| P/S | 5.3× | — | |
| P/B | 9.5× | — | |
| Dividend yield | 0.11% | — | |
| Source filing | 10-K | 10-K |
About this data
Source: NMAX’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all NMAX filings on SEC EDGAR → Not investment advice.