Newsmax, Inc. (NMAX) AI Stock Analysis

Newsmax Inc., through its subsidiaries, operates as a television broadcaster and multi-platform content publisher in the United States. It operates through two segments: Broadcasting and Digital. The Broadcasting segment produces and licenses news, business news, and lifestyle content distributed through cable television systems, direct broadcast satellite operators, and telecommunication companies. This segment also delivers programming through Newsmax and Newsmax2, offering 24/7 television news and informational content, as well as World at War for historical documentaries. The Digital segment offers online advertising services, specialized health and financial newsletter subscriptions, Newsmax Magazine, online memberships, and sales of nutraceuticals and nonfiction books.

Newsmax posted flat revenue of $135.3M in FY2022 and $135.3M in FY2023, before increasing 26.4% to $171.0M in FY2024 and 10.7% to $189.3M in FY2025, yielding a 3-year revenue CAGR of 11.8%. Operating margins declined from -14.4% in FY2022 to -33.3% in FY2023, -40.8% in FY2024, and -52.7% in FY2025. Annual net losses widened from -$19.9M in FY2022 to -$99.5M in FY2025. Over the trailing twelve months ended June 30, 2026, revenue reached $203.3M with an operating margin of 2.4% and EPS of $0.02. In the latest quarter, quarterly revenue growth was 16.5% year-over-year.

As of June 30, 2026, Newsmax held $148.3M in cash and short-term investments and total debt of $11.6M, resulting in net cash of $136.7M. Total assets stood at $230.3M and shareholders' equity was $113.2M. The company maintains a current ratio of 2.37 and a debt-to-equity ratio of 0.10. Operating cash flow in FY2025 was -$64.5M, while free cash flow was -$67.1M. Cash outlays in FY2025 included $2.7M in capital expenditures and $915,069 in dividends paid.

Newsmax trades at a trailing P/E of 437.0x and a forward P/E of 36.4x, both above the US-listed Communication Services peer group medians of 16.2x and 14.1x, respectively. Its price-to-sales multiple of 5.6x and enterprise value-to-revenue multiple of 6.4x also exceed the peer median price-to-sales ratio of 0.8x. Over the past year, the stock fell 19.3%, underperforming the S&P 500 (SPY) return of 16.8%. However, its year-to-date return is 13.1%, and the shares trade 9.4% above their 200-day average.

Analyst ratings consist of 1 Strong Buy, 1 Buy, and 1 Hold, with no Sell or Strong Sell recommendations. The mean price target is $15.67, representing 79.3% upside versus the last close of $8.74. For the fiscal year ending December 31, 2026, consensus estimates project an EPS of -$0.01 on revenue of $214.2M. For the following fiscal year, analysts forecast EPS of $0.21 and revenue of $239.5M. Newsmax has beaten EPS estimates in 4 of the last 4 quarters, and its next earnings date is November 12, 2026.

This page is an AI-written research summary of Newsmax, Inc. (NMAX). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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