Newsmax, Inc. (NMAX) Income Statement
NMAX 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsNMAX revenue and net income
Where NMAX's revenue goes
2025Each bar shows an amount and its share of revenue. NMAX kept −52.6% of revenue as net income.
NMAX profit margins
NMAX growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +10.7% | +11.8% | — | — |
| Gross profit | −14.8% | +8.3% | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NMAX quarterly EPS vs estimates
Newsmax beat the analyst EPS estimate in 4 of the last 6 quarters. Next report: November 12, 2026 (estimate $-0.02).
NMAX income statement
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Revenue | $189.3M | $171.0M | $135.3M | $135.3M |
| Cost of revenue | $117.6M | $87.0M | $79.5M | $78.9M |
| Gross profit | $71.6M | $84.0M | $55.8M | $56.4M |
| Sales, general & admin | $174.3M | $150.7M | $73.8M | $46.3M |
| Total operating expenses | $171.5M | $153.9M | $100.9M | $75.8M |
| Operating income | −$99.9M | −$69.8M | −$45.1M | −$19.5M |
| Interest income | $7.0M | $580,502 | $143,760 | — |
| Interest expense | $23,167 | $91,540 | $39,461 | $15,332 |
| Income before taxes | −$99.5M | −$72.2M | −$41.8M | −$19.9M |
| Income taxes | — | — | $18,550 | $19,206 |
| Net income | −$99.5M | −$72.2M | −$41.8M | −$19.9M |
| EBITDA | −$93.1M | −$65.9M | −$38.0M | −$17.3M |
| EPS (diluted) | −$1.19 | −$1.67 | −$0.51 | — |
| Gross margin | 37.8% | 49.1% | 41.3% | 41.7% |
| Operating margin | −52.7% | −40.8% | −33.3% | −14.4% |
| Net margin | −52.6% | −42.2% | −30.9% | −14.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $54.1M | $51.7M | $52.2M | $45.3M | $46.4M | $45.3M | $47.7M | $43.5M | $39.2M | $40.6M | $38.0M | $38.0M |
| Cost of revenue | $30.8M | $32.3M | $30.9M | $30.0M | $28.8M | $23.6M | $19.0M | $23.8M | $22.5M | $20.3M | $20.6M | $20.6M |
| Gross profit | $23.3M | $19.4M | $21.4M | $15.3M | $17.6M | $21.7M | $28.7M | $19.8M | $16.7M | $20.3M | $17.3M | $17.3M |
| Sales, general & admin | $22.0M | $23.8M | $25.4M | $22.5M | $93.3M | $32.5M | $33.3M | $19.2M | $20.7M | $70.3M | $11.3M | $11.3M |
| Total operating expenses | $22.0M | $23.8M | $26.0M | $22.5M | $94.0M | $33.2M | $34.1M | $28.6M | $21.5M | $71.1M | $20.5M | $20.5M |
| Operating income | $1.3M | −$4.5M | −$4.7M | −$7.2M | −$76.4M | −$11.6M | −$5.4M | −$8.8M | −$4.8M | −$50.8M | −$3.1M | −$3.1M |
| Interest income | $1.3M | $1.3M | $2.0M | $2.2M | $1.8M | $1.1M | $360,347 | $166,694 | $26,168 | $27,293 | — | — |
| Interest expense | $1,664 | $2,950 | $4,201 | $5,455 | $7,456 | $6,055 | $18,311 | $25,067 | $22,377 | $25,785 | — | — |
| Income before taxes | $2.9M | −$2.2M | −$3.0M | −$4.1M | −$75.2M | −$17.2M | −$6.9M | −$9.8M | −$4.8M | −$50.7M | −$1.5M | −$1.5M |
| Income taxes | — | — | −$70,429 | $55,736 | $9,693 | $5,000 | −$20,798 | −$162 | $18,988 | $1,972 | −$2,947 | −$2,947 |
| Net income | $2.9M | −$2.2M | −$3.0M | −$4.1M | −$75.2M | −$17.2M | −$6.9M | −$9.8M | −$4.8M | −$50.7M | −$1.5M | −$1.5M |
| EBITDA | $3.6M | −$661,689 | −$1.3M | −$2.5M | −$73.7M | −$15.7M | −$5.4M | −$8.2M | −$3.2M | −$49.1M | −$2.1M | −$2.1M |
| EPS (diluted) | $0.02 | −$0.02 | −$0.04 | −$0.03 | −$0.59 | −$0.53 | −$1.67 | — | — | — | — | — |
| Gross margin | 43.1% | 37.5% | 40.9% | 33.7% | 38.0% | 47.8% | 60.1% | 45.4% | 42.6% | 50.0% | 45.6% | 45.6% |
| Operating margin | 2.4% | −8.7% | −9.0% | −15.9% | −164.5% | −25.5% | −11.4% | −20.2% | −12.1% | −125.2% | −8.3% | −8.3% |
| Net margin | 5.3% | −4.2% | −5.7% | −9.1% | −161.9% | −38.0% | −14.4% | −22.5% | −12.3% | −124.8% | −3.9% | −3.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NMAX's financial statements (latest annual report filed March 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NMAX financial results
In fiscal year 2025 (ended December 31, 2025), Newsmax reported revenue of $189.3 million, up 10.7% from the year before. It had a net loss of $99.5 million, a net profit margin of −52.6%. Diluted earnings per share came to −$1.19.
See the NMAX stock overview for the latest quote and news, or the NMAX chart for price history and technical indicators.
NMAX income statement FAQ
What is Newsmax's annual revenue?
Newsmax reported total revenue of $189.3 million for fiscal year 2025, which ended on December 31, 2025. That was up 10.7% from $171.0 million the previous year.
Is Newsmax profitable?
No. Newsmax reported a net loss of $99.5 million in fiscal 2025, a net profit margin of −52.6%; its operating margin was −52.7%.
What is Newsmax's gross margin?
Newsmax's gross margin was 37.8% in fiscal 2025: for every $100 of revenue, Newsmax kept $38 after the direct cost of its products and services.
What are Newsmax's earnings per share?
Newsmax earned $-1.19 per diluted share in fiscal 2025, compared with $-1.67 a year earlier.
When will Newsmax report its next earnings?
Newsmax is expected to report results for the quarter ending September 30, 2026 on November 12, 2026.
When does Newsmax's fiscal year end?
Newsmax's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 26, 2026.