Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data Newsmax Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2025
FY2025
Revenue
171
189
Gross profit
78
74.4
Operating expenses
148
174
Operating income
-69.8
-99.9
Interest expense
0.09
0.02
Interest income
0.58
0.6
Other non-operating income
-2.36
0.36
Pre-tax income
-72.2
-99.5
Income tax
0
0
Net income
-72.2
-99.5
EBITDA
-63.6
-93.5
EPS, basic
-1.95
-0.96
EPS, diluted
-1.95
-0.96
Shares, basic (weighted)
41.1
108
Shares, diluted (weighted)
41.1
108
Balance sheet
FY2025
FY2025
Cash and equivalents
24.1
20.4
Receivables
28.3
33.4
Inventory
1.79
2.03
Other current assets
8.93
8.69
Total current assets
121
195
Property, plant and equipment
6.23
6.26
Lease right-of-use assets
7.19
8.82
Other non-current assets
10.7
9.29
Total assets
146
240
Accounts payable
14.7
16.8
Accrued liabilities
9.88
14.9
Deferred revenue
13.7
12.6
Total current liabilities
123
81.3
Lease liabilities
4.05
5.29
Other non-current liabilities
0
0.93
Total liabilities
155
134
Paid-in capital
18.1
433
Retained earnings
-228
-328
Treasury stock
-14.6
0
Other comprehensive income
-0.05
0.46
Shareholders' equity
-138
106
Total equity
-138
106
Total liabilities and equity
146
240
Cash flow statement
FY2025
FY2025
Net income
-72.2
-99.5
Depreciation and amortization
6.17
6.33
Stock-based compensation
0
12
Change in receivables
-6.55
-4.97
Change in inventory
2.04
-0.23
Change in payables
-5.09
1.92
Cash from operations
-48.7
-104
Capital expenditures
-1
-2.65
Cash from investing
-58.4
-53.1
Stock issued
0
0.09
Dividends paid
0
-0.92
Cash from financing
125
154
Net change in cash
18
-3.62
Free cash flow
-49.7
-107
Interest paid
0.04
0
Income taxes paid
0.02
0.03
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $10.87 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
39.6%
Gross profit / revenue.
Operating margin
-7.4%
Operating income / revenue.
EBITDA margin
-5.2%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-3.2%
Pre-tax income / revenue.
Net margin
-3.2%
Net income / revenue.
FCF margin
-35.2%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-33.6%
Cash from operations / revenue.
Return on equity (ROE)
-5.7%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-2.8%
Net income / average total assets.
Return on invested capital (ROIC)
-13.6%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue
6.7%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
1.6%
Capital expenditures / revenue.
D&A / revenue
2.2%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
10.7%
Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y
-4.6%
Gross profit vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
64.2%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
163.5%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
2.39x
Current assets / current liabilities.
Quick ratio
0.80x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.31x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$1.57
Revenue / diluted weighted shares.
FCF per share
-$0.55
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$0.53
Cash from operations / diluted weighted shares.
Book value per share
$0.88
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
6.91x
Market cap / revenue.
P/B
12.4x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
12.4x
Market cap / tangible book value, when positive.
EV/Sales
6.78x
Enterprise value / revenue.
FCF yield
-5.1%
Free cash flow / market cap.
Earnings yield
-0.5%
Net income / market cap (the inverse of P/E).
Dividend yield
0.0%
Dividends paid over the period / market cap.
Shareholder yield
0.0%
(Dividends paid + share buybacks) / market cap.
What was Newsmax Inc.'s revenue in fiscal 2025?
Newsmax Inc. reported revenue of $189.3M for fiscal 2025, 10.7% higher than the year before.
Was Newsmax Inc. profitable in fiscal 2025?
No. It reported a net loss of $99.5M.
How much free cash flow did Newsmax Inc. generate in fiscal 2025?
Cash from operations of $104.5M minus capital expenditures of $2.7M left free cash flow of -$107.1M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.