Newsmax Inc. Class B (NMAX) AI Stock Analysis

• Market Cap: $1.18B
• Dividend Yield: N/A
• Average Volume (3M): 892.93K
• Price to Earnings (P/E): ―
• Beta (1Y): -1.34
• 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: 89,889,824
• 10 Day Avg. Volume: 941,880
• 30 Day Avg. Volume: 892,927
• 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: 1.24
• Enterprise Value/Revenue: 7.97
• Enterprise Value/Gross Profit: 18.81
• Enterprise Value/Ebitda: -14.93
• 1Y Price Target: $21.00
• Price Target Upside: 130.52% 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 ▼(-12.18% 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. Class B (NMAX) is a media company primarily focused on providing conservative news and commentary through various platforms, including television, digital media, and print. The company operates the Newsmax TV network, which features a range of programming that includes news, talk shows, and political commentary, targeting an audience that seeks alternative viewpoints to mainstream media. Additionally, Newsmax maintains a robust online presence with its news website, which offers articles, videos, and opinion pieces, catering to a politically engaged demographic.

How the Company Makes Money

Newsmax generates revenue through multiple streams, primarily through advertising sales on its television network and digital platforms. The company attracts advertisers looking to reach its conservative audience, capitalizing on its growing viewership and website traffic. Additionally, Newsmax may earn revenue through subscription models, especially for premium content or services. Strategic partnerships with cable and satellite providers also contribute to its revenue, as they carry Newsmax TV, enabling wider distribution and access to viewers. Furthermore, the company may leverage affiliate marketing and sponsored content, enhancing its overall earnings potential.

Newsmax Inc. Class B Financial Statement Overview

Summary

Newsmax Inc. is facing significant financial challenges with declining revenues, negative profitability margins, and liquidity issues. Despite improvements in debt management and equity position, the overall financial health remains weak, with risks associated with sustaining operations and achieving profitability.

Income Statement

Newsmax Inc. has experienced declining revenue growth with a negative rate of -17.6% in the TTM period. The company is facing significant profitability challenges, as indicated by negative net profit margins and EBIT margins over the periods. The gross profit margin has decreased from 49.1% in 2024 to 42.8% in the TTM period, reflecting a decline in operational efficiency.

Balance Sheet

The balance sheet shows improvement in debt management, with a reduction in total debt and a positive stockholders' equity in the TTM period, resulting in a low debt-to-equity ratio of 0.05. However, the company has struggled with negative equity in previous years, and the return on equity remains negative, indicating ongoing financial instability.

Cash Flow

Cash flow analysis reveals a challenging situation with negative operating and free cash flows. Despite a positive free cash flow growth rate of 20.3% in the TTM period, the company still faces liquidity issues, as indicated by negative operating cash flow coverage ratios. The free cash flow to net income ratio is slightly above 1, suggesting that cash flow generation is not sufficient to cover net losses.

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	-96.87M	-49.68M	-4.75M	-13.20M
Operating Cash Flow	-94.59M	-48.69M	-3.83M	-7.32M
Investing Cash Flow	-114.99M	-58.43M	5.40M	-5.60M
Financing Cash Flow	228.75M	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
GTN	68 Neutral	$548.19M	12.22	3.36%	6.32%	-3.32%	-69.63%
SSP	64 Neutral	$404.05M	-10.95	1.81%	―	-3.27%	86.01%
TGNA	62 Neutral	$3.16B	9.28	11.50%	2.56%	-2.73%	-25.06%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
IHRT	52 Neutral	$583.78M	-1.68	―	―	1.39%	61.75%
FUBO	52 Neutral	$904.79M	7.31	38.60%	―	1.70%	―
NMAX	40 Underperform	$1.18B	―	―	―	―	―

Newsmax Inc. Class B Corporate Events

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.