Newsmax (NMAX) Cash Flow: Operating & Free Cash Flow

Newsmax Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Newsmax Inc. (NMAX) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022
Operating Activities
Net Income	0.00	-72.17	-41.78	-19.94
Depreciation & Amortization	0.00	6.17	3.67	2.56
Change in Working Capital	6.49	4.43	4.55	7.05
Change in Accounts Receivable	-4.97	-6.55	-5.79	3.13
Change in Inventory	-0.23	2.04	0.00	-1.30
Change in Accounts Payable	1.92	-5.09	4.50	6.82
Change in Other Working Capital	9.78	8.11	0.85	-0.49
Other Operating Activities	-70.95	12.88	29.73	2.50
Net Cash from Operating Activities	-64.45	-48.69	-3.83	-7.32
Investing Activities
Capital Expenditures	-2.65	-1.00	-0.92	-5.88
Purchases of Investments	-148.95	-57.43	6.31	0.28
Sales/Maturities of Investments	98.47	0.00	6.31	5.24
Other Investing Activities	0.00	0.00	0.00	0.00
Net Cash from Investing Activities	-53.12	-58.43	5.40	-5.60
Financing Activities
Debt Repayment	-0.20	-0.69	-0.07	0.00
Common Stock Issued	155.07	0.00	0.00	0.00
Dividends Paid	-0.92	0.00	0.00	0.00
Other Financing Activities	0.00	-0.19	-0.07	0.00
Net Cash from Financing Activities	153.96	125.13	0.43	0.00
Summary
Effect of Forex Changes on Cash	-20.00	0.00	0.00	16.96
Net Change in Cash	16.38	18.02	1.99	-12.92
Cash at Beginning of Period	24.05	6.04	4.05	0.00
Cash at End of Period	40.43	24.05	6.04	4.05
Free Cash Flow	-67.11	-49.68	-4.75	-13.20
Supplemental Disclosures
Interest Paid	-	0.04	0.02	0.02

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

Frequently Asked Questions About Newsmax Cash Flow

What is Newsmax's free cash flow?

Newsmax had negative free cash flow of $67.11M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of −$64.45M minus $2.65M of capital expenditures.

How much does Newsmax spend on capital expenditures?

Newsmax spent $2.65M on capital expenditures in fiscal 2025, compared with $996.29K a year earlier.

Does Newsmax pay dividends or buy back shares?

Yes. In fiscal 2025 Newsmax returned $915.07K in dividends to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition