Newsmax Inc. NMAX
Newsmax Inc. (the "Company") is a holding company that owns 100% of the equity interests of its operating company Newsmax Media, Inc. ("Newsmax Media"). Newsmax Media and its other subsidiaries operate the businesses described herein.
Newsmax Media has six wholly-owned Florida limited liability company subsidiaries (the "Subsidiaries"): Newsmax Broadcasting, LLC ("Newsmax Broadcasting"), Newsmax Radio LLC ("Newsmax Radio"), Crown Atlantic Insurance, LLC ("Crown Atlantic"), Humanix Publishing, LLC ("Humanix Publishing"), Medix Select, LLC ("Medix Select"), and ROI Media Strategies, LLC ("ROI Media Strategies").
Newsmax Media was incorporated as Sequoia Digital Corporation in the State of Nevada in 1998. In 1999, Newsmax Media changed its name from Sequoia Digital Corporation to Newsmax.com, Inc. In 2001, Newsmax Media changed its name from Newsmax.com, Inc. to Newsmax Media, Inc. In 2006, Newsmax Media became a wholly-owned subsidiary of NMX Holdings, LLC. In 2014, Newsmax Media changed its state of domicile from Nevada to Delaware and consummated a corporate reorganization in which the members of NMX Holdings, LLC exchanged their membership interests in NMX Holdings, LLC for capital stock of Newsmax Media.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Revenue | $189.3M | $171.0M | — |
| Gross profit | $74.4M | $78.0M | — |
| Total operating expenses | $174.3M | $147.8M | — |
| Operating income | -$99.9M | -$69.8M | — |
| Interest expense | $23.2K | $91.5K | — |
| Pre-tax income | -$99.5M | -$72.2M | — |
| Income tax | $0 | $0 | — |
| Net income | -$99.5M | -$72.2M | — |
| EPS, basic | -0.96 | -1.95 | — |
| EPS, diluted | -0.96 | -1.95 | — |
| Shares, diluted (wtd. avg.) | $108.2M | $41.1M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Cash and equivalents | $20.4M | $24.1M | $6.0M |
| Receivables | $33.4M | $28.3M | — |
| Inventory | $2.0M | $1.8M | — |
| Total current assets | $195.5M | $121.3M | — |
| Total assets | $239.8M | $146.1M | — |
| Accounts payable | $16.8M | $14.7M | — |
| Total current liabilities | $81.3M | $122.6M | — |
| Total liabilities | $133.8M | $155.1M | — |
| Retained earnings | -$327.9M | -$227.8M | — |
| Total equity | $106.0M | -$137.6M | -$149.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Operating cash flow | -$104.5M | -$48.7M | — |
| Depreciation and amortisation | $6.3M | $6.2M | — |
| Stock-based compensation | $12.0M | $0 | — |
| Capital expenditure | $2.7M | $996.3K | — |
| Investing cash flow | -$53.1M | -$58.4M | — |
| Financing cash flow | $154.0M | $125.1M | — |
| Dividends paid | $915.1K | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0002026478-26-000026.
Others in SIC 4833
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