# NEWSMAX INC. (NMAX) · Edgar & Edgarette company card

> Newsmax (NMAX) grew revenue 10.7% in FY2025 to $189 million, operating margin -52.8% against a 10.6% median for television broadcasting stations, equity 44.2% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 2026478 · fiscal year ended 2025-12-31 · 2 audited years read · [page](https://www.pops4.com/boards/company/NMAX) · [JSON](https://www.pops4.com/boards/company/NMAX.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $189M |
| Revenue growth, 1 year | 10.7% |
| Revenue growth per year | — |
| Operating margin | -52.8% (prior year -40.8%) |
| Net margin | -52.6% |
| Operating cash flow | −$104M |
| Capital spending | $3M |
| Free cash flow | −$107M |
| Cash | $20M |
| Long-term debt | — |
| Total assets | $240M |
| Total equity | $106M |
| Equity ÷ assets | 44.2% |
| Return on equity | -93.8% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -3.3 (distress zone)
- Piotroski F: 3 of 9 (middling)
- Health Harbor boat: Weathered boat · two warning signs · operating cash flow was negative; operating loss: a margin of -52.8% in FY2025

## Edgarette's reading

Exposure: revenue $189.3M (FY2025). Experience: revenue up 10.7% on the year; operating margin -52.8%, down from -40.8%. Soundness: equity 44.2% of assets, return on equity -93.8%. Credibility: 2 audited years, moderate weight. Range: 80% of past cases like this landed between $165.2M and $265.5M next year (method v3, set from 4,309 SEC company-years; on a year the method never saw, 83% landed inside). A statistical range, not company guidance. Against peers (8 filers, $50M+ revenue, television broadcasting stations): operating margin -52.8% against a 10.6% median; growth 10.7% against -5.3%.

Range logged 2026-11-13, receipt 9e7870561fbc1dbe, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 2, latest 2026-11-12 ([filing](https://www.sec.gov/Archives/edgar/data/2026478/000202647826000070/0002026478-26-000070-index.htm))

## Recent filings

- 10-Q · filed 2026-11-12 · [filing](https://www.sec.gov/Archives/edgar/data/2026478/000202647826000072/0002026478-26-000072-index.htm)
- 8-K · filed 2026-11-12 · 2.02 Results of Operations and Financial Condition; 5.02 Departure or Election of Directors; Appointment of Officers; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/2026478/000202647826000070/0002026478-26-000070-index.htm)
- 10-Q · filed 2026-08-13 · [filing](https://www.sec.gov/Archives/edgar/data/2026478/000202647826000061/0002026478-26-000061-index.htm)
- 8-K · filed 2026-08-13 · 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/2026478/000202647826000060/0002026478-26-000060-index.htm)
- 8-K · filed 2026-05-20 · 5.07 Submission of Matters to a Vote of Security Holders; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/2026478/000202647826000056/0002026478-26-000056-index.htm)
- 10-Q · filed 2026-05-14 · [filing](https://www.sec.gov/Archives/edgar/data/2026478/000202647826000048/0002026478-26-000048-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0002026478.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=2026478

## Cite

POPS4, Edgar & Edgarette: NEWSMAX INC. (NMAX) company card, from the company's own SEC filings, accessed 2026-11-13, https://www.pops4.com/boards/company/NMAX. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.