Newsmax (NMAX) Income Statement

Newsmax reported revenue of $189.25M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 10.7% from $171.02M a year earlier. Newsmax posted a net loss of $99.50M, compared with a net loss of $72.17M a year earlier. Gross margin was 39.3% and operating margin -52.8%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $54.12M, up 16.5% from the same quarter a year earlier.

Newsmax Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Newsmax Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022
Revenue & Gross Profit
Revenue	189.25	171.02	135.28	135.31
Cost of Revenue	114.83	93.02	79.46	76.38
Gross Profit	74.42	78.00	55.82	58.93
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00
Selling, General & Administrative	171.49	144.69	73.82	75.85
Operating Expenses	174.28	147.80	100.92	78.41
Operating Income	-99.85	-69.81	-45.10	-19.47
Other Income/Expense
Interest Income	7.04	0.58	0.14	0.30
Interest Expense	0.02	-0.09	0.04	-0.02
Other Income/Expense	-6.66	-2.36	3.34	-0.20
Income
Income Before Tax	-99.50	-72.17	-41.76	-19.92
Income Tax Expense	0.00	0.00	0.02	0.02
Net Income	-99.50	-72.17	-41.78	-19.94
Net Income - Continuous Operations	-99.50	-72.17	-41.78	-19.94
Net Income - Discontinued Operations	-	-	-	-
EBITDA	-93.14	-66.74	-38.05	-16.91
EBIT	-99.47	-69.81	-41.72	-19.47
Depreciation & Amortization	2.79	6.17	3.67	2.56
Earnings Per Share
Basic EPS	-1.00	-2.00	-1.00	-
Diluted EPS	-1.00	-2.00	-1.00	-
Basic Shares Outstanding	108.21	41.07	44.90	41.10
Diluted Shares Outstanding	108.21	41.07	44.90	41.10

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Newsmax Financial Statements

What was Newsmax's revenue in fiscal 2025?

Newsmax reported revenue of $189.25M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 10.7% from $171.02M a year earlier.

Is Newsmax profitable?

No. Newsmax reported a net loss of $99.50M in fiscal 2025. In fiscal 2024 it lost $72.17M.

What is Newsmax's operating margin?

Newsmax's operating income was −$99.85M on revenue of $189.25M in fiscal 2025, an operating margin of -52.8%, compared with -40.8% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition