Newsmax Inc.
NMAX · Television Broadcasting Stations · 41.1M shares · EDGAR filings ↗
Grade
D45Newsmax — conservative cable/streaming news network with deep losses.
Strengths
- Recognized news brand; adequate liquidity (current 2.4)
Risks
- Operating margin -53%; cash runway ~0.8 quarters
- Carriage/litigation (Smartmatic/Dominion) and ad-cycle exposure
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Net lossNet loss (net margin -52.6%)
- Cash burnNegative free cash flow (-107.1M)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
39.3%
Operating margin
-52.8%
Net margin
-52.6%
Return on equity
-93.8%
Return on assets
-41.5%
Revenue growth (QoQ)
-1.1%
Current ratio
2.4×
Free cash flow
-$107M
EBITDA
-$94M
Tangible book value
$106M
Cash & investments
$20M
Cash runway
1q
Stock comp / revenue
6.3%
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-20 | Shareholder voteExhibits | filing ↗ |
| 2026-05-14 | ResultsReg FDExhibits | filing ↗ |
| 2026-03-26 | ResultsReg FDExhibits | filing ↗ |
| 2026-03-23 | Exec/director changeReg FDExhibits | filing ↗ |
| 2025-11-13 | ResultsReg FDExhibits | filing ↗ |
| 2025-08-22 | Exec/director changeReg FDExhibits | filing ↗ |
| 2025-08-20 | ResultsExhibits | filing ↗ |
| 2025-08-18 | Other | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-20 | 2026-05-18 | 0002026478-26-000056 ↗ |
| 10-Q | 2026-05-14 | 2026-03-31 | 0002026478-26-000048 ↗ |
| 8-K | 2026-05-14 | 2026-05-14 | 0002026478-26-000046 ↗ |
| 10-K | 2026-03-26 | 2025-12-31 | 0002026478-26-000026 ↗ |
| 8-K | 2026-03-26 | 2026-03-26 | 0002026478-26-000024 ↗ |
| 8-K | 2026-03-23 | 2026-03-19 | 0002026478-26-000012 ↗ |
| 8-K | 2025-11-13 | 2025-11-13 | 0001213900-25-109986 ↗ |
| 10-Q | 2025-11-13 | 2025-09-30 | 0002026478-25-000042 ↗ |
| 8-K | 2025-08-22 | 2025-08-21 | 0001213900-25-079940 ↗ |
| 8-K | 2025-08-20 | 2025-08-19 | 0001213900-25-078700 ↗ |
| 10-Q | 2025-08-19 | 2025-06-30 | 0002026478-25-000032 ↗ |
| 8-K | 2025-08-18 | 2025-08-15 | 0001213900-25-077611 ↗ |