Newsmax Inc. Class B (NMAX)
NYSE:NMAX
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NMAX Stock Chart & Stats
$6.95
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Market closed
$6.95
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Day’s Range― - ―
52-Week Range$5.11 - $15.98
Previous CloseN/A
VolumeN/A
Average Volume (3M)1.46M
Market Cap
$1.01B
Enterprise Value$665.54M
Total Cash (Recent Filing)$129.10M
Total Debt (Recent Filing)$8.32M
Price to Earnings (P/E)―
Beta-0.62
Next Earnings
Aug 25, 2026EPS Estimate
-0.04Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.65
Shares Outstanding89,921,350
10 Day Avg. Volume1,501,111
30 Day Avg. Volume1,461,294
Financial Highlights & Ratios
PEG Ratio-0.33
Price to Book (P/B)9.41
Price to Sales (P/S)5.27
P/FCF Ratio-14.87
Enterprise Value/Market Cap0.66
Enterprise Value/Revenue3.40
Enterprise Value/Gross Profit9.04
Enterprise Value/Ebitda-8.51
Forecast
1Y Price Target
$18.50Price Target Upside166.19% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.11
Revenue Forecast (FY)$213.75M
Bulls Say, Bears Say
Bulls Say
Revenue Growth & Stable Gross MarginSustained top-line growth with Q1 revenues +14% YoY and gross margin in the mid-30% range indicates the business is expanding audience reach while preserving unit economics. Over 2–6 months this supports increased scale benefits and gives management runway to convert viewership gains into higher recurring revenues.
Higher‑margin Affiliate & Licensing ExpansionRapid affiliate fee and licensing growth shifts revenue mix toward carriage and licensing—typically higher and more stable margins than digital ad sales. This structural move, reinforced by recent international licensing wins, supports longer‑term margin improvement and more predictable cash flows as distribution deals scale.
Strong Liquidity PositionA sizable cash buffer provides flexibility to fund programming, OTT investments and international expansion while operating losses persist. Combined with modest reported leverage, this reduces near‑term refinancing risk and supports execution of strategic initiatives across multiple platforms over the next several quarters.
Bears Say
Negative Operating & Free Cash FlowConsistent negative OCF and FCF signal the company is consuming cash to sustain operations and growth investments. Over a multi‑month horizon, persistent cash burn increases reliance on external funding, which can dilute equity or constrain spending on content and distribution if liquidity deteriorates.
Deep Negative ProfitabilityWide, sustained net losses indicate the cost base is not yet aligned with revenue. Even with revenue gains, prolonged negative margins hinder the company’s ability to self‑fund investments, limit retained earnings rebuild, and make achieving scalable operating leverage more challenging without structural cost improvements.
Digital & Advertising Monetization PressureDeclines in digital advertising, subscription and product sales weaken diversification of revenue and increase dependence on affiliate/licensing. Given structural pay‑TV headwinds and tougher national ad budgets, continued digital weakness could impede margin recovery and make audience growth harder to convert into sustainable digital revenue.
Newsmax Inc. Class B News
NMAX FAQ
What was Newsmax Inc. Class B’s price range in the past 12 months?
Newsmax Inc. Class B lowest stock price was $5.11 and its highest was $15.98 in the past 12 months.
What is Newsmax Inc. Class B’s market cap?
Newsmax Inc. Class B’s market cap is $1.01B.
When is Newsmax Inc. Class B’s upcoming earnings report date?
Newsmax Inc. Class B’s upcoming earnings report date is Aug 25, 2026 which is in 68 days.
How were Newsmax Inc. Class B’s earnings last quarter?
Newsmax Inc. Class B released its earnings results on May 14, 2026. The company reported -$0.02 earnings per share for the quarter, beating the consensus estimate of -$0.03 by $0.01.
Is Newsmax Inc. Class B overvalued?
According to Wall Street analysts Newsmax Inc. Class B’s price is currently Undervalued.
Does Newsmax Inc. Class B pay dividends?
Newsmax Inc. Class B does not currently pay dividends.
What is Newsmax Inc. Class B’s EPS estimate?
Newsmax Inc. Class B’s EPS estimate is -0.04.
How many shares outstanding does Newsmax Inc. Class B have?
Newsmax Inc. Class B has 89,921,350 shares outstanding.
What happened to Newsmax Inc. Class B’s price movement after its last earnings report?
Newsmax Inc. Class B reported an EPS of -$0.02 in its last earnings report, beating expectations of -$0.03. Following the earnings report the stock price went up 4.046%.
Which hedge fund is a major shareholder of Newsmax Inc. Class B?
Currently, no hedge funds are holding shares in NMAX
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Newsmax Inc. Class B Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$18.50 (166.19% Upside)
$18.50 (166.19% Upside)
Blogger Sentiment
Bearish
NMAX Sentiment 70%
Sector Average 63%
Sector Average 63%
Hedge Fund Trend
Increased
By 27.3K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▼ 1.1%
Last 30 Days ▼ 0.9%
Last 30 Days ▼ 0.9%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-40.80%
12-Months-Change
Fundamentals
Return on Equity
-79.32%
Trailing 12-Months
Asset Growth
-18.67%
Trailing 12-Months
Company Description
Newsmax Inc. Class B
Newsmax Inc., established in 1998 and based in Boca Raton, Florida, functions as a multifaceted media enterprise. Operating through its various subsidiaries, the company specializes as both a television broadcaster and a comprehensive content publisher across multiple platforms. Its operations are organized into two core divisions: broadcasting and digital. The broadcasting segment is responsible for creating and licensing diverse content, spanning news, business news, and lifestyle topics. This includes its prominent 24/7 television news and informational channels, Newsmax and Newsmax2. The digital segment generates revenue through several avenues, such as online advertising (including display ads, email campaigns, and other digital placements) and traditional print advertisements. Newsmax also maintains a significant subscription business, providing specialized newsletters on health and financial subjects, Newsmax Magazine, and four distinct online membership programs. Furthermore, the company engages in e-commerce, primarily via subsidiaries that market nutraceutical products and non-fiction books covering political, financial, and health-related themes. Newsmax Inc. ultimately operates as a subsidiary of the Christopher Ruddy Revocable Trust.
NMAX Company Deck
NMAX Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call highlighted strong top-line growth driven by broadcast/affiliate and licensing gains, meaningful audience and social media momentum, a large increase in licensing revenue, and improved net loss and liquidity. Offsetting these positives were declines in digital, advertising and subscription revenues, a small adjusted EBITDA loss, and higher content and operating costs. Management reiterated full-year revenue guidance and emphasized multi-platform growth and international expansion. Overall, the operational and audience trends appear encouraging, though near-term profitability and digital ad/subscription pressures remain areas to monitor.View all NMAX earnings summariesNMAX Stock 12 Month Forecast
Average Price Target
$18.50
▲(166.19% Upside)
Technical Analysis
Ownership Overview
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Insiders
1.04% Mutual Funds
25.99% Other Institutional Investors
70.52% Public Companies and
Individual Investors