Newsmax (NMAX) Income Statement: Revenue & Earnings

Newsmax Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Newsmax Inc. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022
Period Ending	Dec 2024	Dec 2023	Dec 2022
Revenue & Gross Profit
Revenue	171.02	135.28	135.31
Cost of Revenue	86.97	79.46	76.38
Gross Profit	84.05	55.82	58.93
Operating Expenses
Research & Development	0.00	0.00	0.00
Selling, General & Administrative	150.74	73.82	75.85
Operating Expenses	153.86	76.99	78.41
Operating Income	-69.81	-21.17	-19.47
Other Income/Expense
Interest Income	0.58	0.14	0.30
Interest Expense	0.09	0.04	-0.02
Other Income/Expense	-2.85	-20.70	-0.20
Income
Income Before Tax	-72.17	-41.76	-19.92
Income Tax Expense	0.00	0.02	0.02
Net Income	-72.17	-41.78	-19.94
Net Income - Continuous Operations	-72.17	-41.78	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00
EBITDA	-65.91	-38.05	-16.91
EBIT	-72.08	-41.72	-19.47
Depreciation & Amortization	3.12	3.16	2.56
Earnings Per Share
Basic EPS	-1.00	-1.00	-
Diluted EPS	-1.00	-1.00	-
Basic Shares Outstanding	128.41	44.90	0.00
Diluted Shares Outstanding	128.41	44.90	0.00