Newsmax Inc. Class B (NMAX) AI Stock Analysis

• Market Cap: $1.10B
• Dividend Yield: N/A
• Average Volume (3M): 895.20K
• Price to Earnings (P/E): ―
• Beta (1Y): -1.53
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 400
• Sector: Communication Services
• Sector Strength: 97
• Industry: Broadcasting
• EPS (TTM): -0.59
• Shares Outstanding: 89,810,500
• 10 Day Avg. Volume: 1,105,843
• 30 Day Avg. Volume: 895,203
• PEG Ratio: -2.20
• Price to Book (P/B): -1.18K
• Price to Sales (P/S): 62.71
• P/FCF Ratio: -215.84
• Enterprise Value/Market Cap: 1.33
• Enterprise Value/Revenue: 7.97
• Enterprise Value/Gross Profit: 18.81
• Enterprise Value/Ebitda: -14.93
• 1Y Price Target: $21.00
• Price Target Upside: 151.20% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): -0.73
• Revenue Forecast (FY): $180.28M

• Rating: 40 Underperform
• Price Target: $8.00 ▼(-4.31% Downside)

The overall stock score of 40 reflects significant financial challenges and weak technical indicators. The lack of valuation metrics adds to the uncertainty. The most significant factor is the poor financial performance, which heavily influences the overall score.

Positive Factors

Debt Management

Improved debt management and low debt-to-equity ratio enhance financial stability, providing a stronger foundation for long-term operations.

Free Cash Flow Growth

Growth in free cash flow indicates potential for better liquidity management and reinvestment into business operations, aiding future growth.

Equity Position

A positive equity position suggests improved financial health, which can support future investment and operational stability.

Negative Factors

Revenue Decline

A significant decline in revenue growth indicates challenges in market competitiveness and demand, impacting long-term business viability.

Profitability Challenges

Ongoing profitability issues suggest operational inefficiencies and pricing pressures, which could hinder sustainable growth and investment.

Liquidity Issues

Liquidity challenges limit the company's ability to meet short-term obligations and invest in growth opportunities, posing a risk to stability.

Newsmax Inc. Class B Business Overview & Revenue Model

Company Description

Newsmax Inc., through its subsidiaries, operates as television broadcaster and multi-platform content publisher. It operates in two segments broadcasting and digital. The company produces and licenses news, business news, and lifestyle content comprising Newsmax and Newsmax2 that offers 24/7 television news and informational programming channel. It also provides online advertising, including online display, email advertising, other online placements, print advertisements, subscriptions, including our collection of specialized health and financial newsletters, Newsmax Magazine and four online membership programs, and (3) e-commerce, primarily through our subsidiaries that sell nutraceuticals and nonfiction books on political, financial and health-related topics. The company was founded in 1998 and is based in Boca Raton, Florida. Newsmax Inc. operates as a subsidiary of Christopher Ruddy Revocable Trust

How the Company Makes Money

Newsmax generates revenue through multiple streams, primarily relying on advertising sales from its television network and digital platforms. The company sells advertising space to various brands and businesses looking to reach its audience. Additionally, Newsmax benefits from subscription revenue through its digital services, offering premium content to subscribers. Partnerships with cable and satellite providers further enhance its distribution and revenue potential. Other revenue sources may include sponsored content and merchandise sales, contributing to the overall earnings of the company.

Newsmax Inc. Class B Financial Statement Overview

Summary

Newsmax Inc. shows strong revenue growth but faces significant challenges in profitability and financial stability. Negative equity and cash flow issues highlight potential risks, while revenue growth offers hope for future improvement if operational efficiencies can be achieved.

Income Statement

Newsmax Inc. shows strong revenue growth of 37.73% year-over-year, indicating a positive trajectory in sales. However, the company struggles with profitability, as evidenced by negative net profit, EBIT, and EBITDA margins. The gross profit margin is relatively healthy at 49.15%, but the significant losses in operating income suggest operational inefficiencies.

Balance Sheet

The balance sheet reveals a concerning financial structure with negative stockholders' equity, leading to a negative debt-to-equity ratio. This indicates potential solvency issues. Despite a high return on equity, this is due to the negative equity base, which is not sustainable long-term. The equity ratio is not calculable due to negative equity.

Cash Flow

Cash flow analysis shows a significant increase in free cash flow growth, but the company still operates with negative operating and free cash flows. The free cash flow to net income ratio is above 1, suggesting that cash flow issues are less severe than net income figures might imply, but overall cash generation remains a challenge.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022
Income Statement
Total Revenue	182.61M	171.02M	135.28M	135.31M
Gross Profit	77.39M	84.05M	55.82M	56.37M
EBITDA	-97.51M	-65.91M	-38.05M	-17.34M
Net Income	-104.85M	-72.17M	-41.78M	-19.94M
Balance Sheet
Total Assets	233.33M	146.07M	71.61M	66.87M
Cash, Cash Equivalents and Short-Term Investments	150.36M	82.36M	7.26M	11.44M
Total Debt	5.21M	4.10B	12.41M	14.98M
Total Liabilities	127.37M	155.14M	95.19M	48.77M
Stockholders Equity	105.96M	-9.07M	-23.58M	18.10M
Cash Flow
Free Cash Flow	-89.89M	-49.68M	-4.75M	-13.20M
Operating Cash Flow	-87.71M	-48.69M	-3.83M	-7.32M
Investing Cash Flow	-86.01M	-58.43M	5.40M	-5.60M
Financing Cash Flow	212.55M	125.13M	427.44K	0.00

Newsmax Inc. Class B Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TGNA	65 Neutral	$3.16B	9.26	11.50%	2.51%	-2.73%	-25.06%
SSP	64 Neutral	$393.39M	―	1.81%	―	-3.27%	86.01%
GTN	64 Neutral	$510.48M	11.35	3.36%	6.96%	-3.32%	-69.63%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
IHRT	49 Neutral	$525.74M	―	―	―	1.39%	61.75%
FUBO	48 Neutral	$1.07B	8.67	38.60%	―	1.70%	―
NMAX	40 Underperform	$1.10B	―	―	―	―	―

Newsmax Inc. Class B Corporate Events

Newsmax Inc. Reports Revenue Growth Amid Strategic Expansion

Newsmax Inc., a prominent player in the broadcasting sector, operates as one of the leading news outlets in the United States, reaching millions through its cable channel, app, and online platforms.

Newsmax Inc. Reports Q3 2025 Financial Results

On November 13, 2025, Newsmax Inc. announced its financial results for the third quarter of 2025, reporting revenues of $45.3 million, a 4.0% increase from the previous year. The company highlighted a 10.1% growth in broadcast revenues and a significant expansion in distribution through strategic partnerships, including agreements with hospitality providers, Taxi TV, and the Truth+ streaming platform. Despite a quarterly net loss of $4.1 million, Newsmax emphasized its strategic investments and expansion efforts, aiming for sustainable long-term growth and reiterating its full-year revenue guidance of $180 million to $190 million.

The most recent analyst rating on (NMAX) stock is a Sell with a $8.50 price target. To see the full list of analyst forecasts on Newsmax Inc. Class B stock, see the NMAX Stock Forecast page.