# Newsmax Inc. (NMAX)

**Exchange:** NYSE  
**Sector:** Communication Services  
**Market cap:** $971M  
**Price:** $8.97 (-2.82%)

> Newsmax Inc. is a publicly traded mass media holding company, specializing in news broadcasting and digital media. Founded in 1998 by journalist Christopher Ruddy and headquartered in Boca Raton, Florida, Newsmax Inc. wholly owns Newsmax Media, Inc., which operates a diverse range of media properties. Core offerings include the Newsmax television channel—currently recognized as the fourth highest-rated cable news channel in the United States—its streaming channel Newsmax2, the Newsmax App, the online news portal Newsmax.com, and the monthly print publication Newsmax Magazine. Newsmax’s platforms collectively reach over 40 million Americans, delivering news coverage, political commentary, and information services across traditional and digital media. The company is known for providing independent, often conservative-leaning perspectives, aiming to foster a free press with balanced debate and diverse viewpoints. Newsmax Inc. plays a significant role in the American media landscape, influencing public discourse and serving as a major news source for a broad audience.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $189M | $74M | -$100M | -$99M | — |
| 2024 | $171M | $78M | -$70M | -$72M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $240M | $134M | $106M | $20M | — |
| 2024 | $146M | $155M | -$138M | $24M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$104M | $3M | -$107M |
| 2024 | -$49M | $996,291 | -$50M |

Source: [CompaniesByCap](https://companiesbycap.com/company/NMAX)