BOCA RATON, FL / ACCESS Newswire / February 27, 2026 / Newsmax Inc. (NYSE:NMAX) (“Newsmax” or the “Company”) today announced that more than four million Americans tuned in across the Company’s channels for the network’s comprehensive live coverage of President Donald Trump’s State of the Union address Tuesday night.
The coverage marks a major ratings and digital milestone for the Company.
Newsmax’s coverage began at 6:00pm ET with “Carl Higbie FRONTLINE” followed by “Rob Schmitt Tonight.”
Beginning at 8:00pm ET, the Newsmax network delivered wall-to-wall special coverage anchored live from Washington, D.C., by Greta Van Susteren and Rob Finnerty, with analysis from Mark Meadows, former White House chief of staff, and commentator Mercedes Schlapp.
The special broadcast continued through midnight, providing viewers with in-depth analysis, real-time reactions and exclusive interviews.
The Newsmax channel alone drew 2.8 million total viewers Tuesday night, according to Nielsen, while an additional 1.3 million streaming viewers watched coverage on Newsmax2, underscoring the growing reach of the Company’s digital platforms.
The Newsmax audience was so large on cable that its total audience exceeded the combined viewership of Fox Business, CNBC and NewsNation combined by 23%.
Throughout the evening, Newsmax’s editorial team provided regular updates to Newsmax.com and engaged the network’s more than 23 million social media followers with breaking developments, video highlights and expert commentary.
“The president gave an epic speech, and America tuned in, with a big chunk of his audience tuning into Newsmax,” said Newsmax CEO Chris Ruddy. “It was a big night for the president and for us.”
In addition to airing the president’s address live, Newsmax offered continual reporting and instant analysis from top newsmakers and commentators.
High-profile guests appearing on the network included Speaker of the House Mike Johnson, R-La., Majority Leader Steve Scalise, R-La., Health Secretary Robert F. Kennedy Jr. and HUD Secretary Scott Turner.
Other major figures included Sens. Rick Scott, R-Fla., Markwayne Mullin, R-Okla., Ron Johnson, R-Wis., John Cornyn, R-Texas, Ted Cruz, R-Texas, John Barrasso, R-Wyo. and Chris Coons, D-Del.
Additional contributors included Trish Regan, Trump presidential envoy Richard Grenell, presidential pollsters John McLaughlin and Dick Morris and House chairmen Rep. James Comer, R-Ky., and Rep. Jim Jordan, R-Ohio.
Other members of Congress appearing included Rep. Anna Paulina Luna, R-Fla., Rep. Dan Crenshaw, R-Texas, Rep. Byron Donalds, R-Fla., Rep. Brandon Gill, R-Texas and Rep. Chip Roy, R-Texas.
Newsmax2 also featured live coverage with anchors Ed Henry and Bianca de la Garza, providing viewers with additional perspectives and extended post-speech analysis across streaming platforms.
“Our network coverage was first-rate and was not only on par with major networks but delivered the kind of comprehensive reporting viewers don’t see much anymore,” said Gary Kanofsky, Newsmax’s senior vice president of news.
“From our anchors in Washington to our contributors and production teams across the country, this was a total newsroom effort,” he said.
The strong performance reflects Newsmax’s continued growth as a trusted destination for millions of Americans seeking live news events, in-depth analysis and diverse perspectives.
With expanded distribution across cable, satellite, OTT and streaming platforms, Newsmax continues to solidify its position as one of the nation’s leading news networks.
Millions of Americans are now watching Newsmax anytime, anywhere by downloading our free app on smartphones and TVs.
About Newsmax
Newsmax Inc. is listed on the NYSE (NMAX) and operates, through Newsmax Broadcasting LLC, one of the nation’s leading news outlets, the Newsmax channel. The fourth highest-rated network is carried on all major pay TV providers. Newsmax’s media properties reach more than 50 million Americans regularly through Newsmax TV, the N2 Channel, the Newsmax App, its popular website Newsmax.com, and publications such as Newsmax Magazine. Through its social media accounts, Newsmax reaches over 22 million combined followers. Reuters Institute says Newsmax is one of the top U.S. news brands and Forbes has called Newsmax “a news powerhouse.”
Carriage Deals With Free TV France, HOT Israel and Primetel Cyprus, Along With a Partnership in Ukraine, Extend Newsmax’s Reach Across Europe and the Mid-East
BOCA RATON, FLORIDA / ACCESS Newswire / December 29, 2025 / Newsmax Inc. (NYSE:NMAX) (“Newsmax” or the “Company”) through its subsidiary Newsmax Broadcasting, today announced a series of multi-year distribution agreements with major TV distributors across Europe and the eastern Mediterranean. These partnerships with Free TV in France, HOT in Israel and Primetel in Cyprus will make the Newsmax channel available to millions of new households and demonstrates the Company’s commitment to delivering independent U.S.-based news to international audiences.
In addition, Newsmax has entered into a brand license agreement to launch early next year a local channel, “Newsmax Ukraine”, available in the Ukrainian language.
New carriage and brand license agreements
Free TV (France) – Free TV, one of France’s leading telecommunications providers, has launched Newsmax on channel 351, reaching approximately 3.5 million households. This partnership strengthens Newsmax’s presence in Western Europe and offers French viewers 24/7 access to both U.S. and global news.
HOT (Israel) – Newsmax is now available in English on channel 204 through HOT Israel, a major telecommunications and pay TV operator. The launch reaches more than 200,000 subscribers and expands Newsmax’s footprint in a key U.S.-ally market, providing Israeli audiences with access to breaking news, political analysis and cultural coverage.
Primetel (Cyprus) – Newsmax has debuted on channel 241 via Primetel, a leading IPTV and telecom provider in Cyprus. Primetel subscribers can access Newsmax’s live news, interviews and talk programming, further strengthening Newsmax’s presence in the eastern Mediterranean region.
Newsmax Ukraine – Newsmax has signed a brand license agreement for the launch of Newsmax Ukraine, a localized news channel expected to go live in the first half of 2026. The channel will operate under the Newsmax brand and editorial framework, marking an important step in the Company’s Eastern European growth strategy and its commitment to expanding access to international news in the region.
Newsmax is now available in more than 100 countries across five continents. According to Nielsen, Newsmax is the fourth highest-rated cable news network in the United States, reaching over 40 million Americans through its television channel, streaming services and digital platforms.
About Newsmax
Newsmax Inc. is listed on the NYSE (NMAX) and operates, through Newsmax Broadcasting LLC, one of the nation’s leading news outlets, the Newsmax channel. The fourth highest-rated network is carried on all major pay TV providers. Newsmax’s media properties reach more than 50 million Americans regularly through Newsmax TV, the Newsmax App, its popular website Newsmax.com, and publications such as Newsmax Magazine. Through its social media accounts, Newsmax reaches over 22 million combined followers. Reuters Institute says Newsmax is one of the top U.S. news brands and Forbes has called Newsmax “a news powerhouse.”
Forward-Looking Statements This communication contains forward-looking statements. From time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Forward-looking statements can be identified by those that are not historical in nature. The forward-looking statements discussed in this communication and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. Newsmax does not guarantee future results, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. Forward-looking statements should not be relied upon as predictions of future events. We are under no duty to update any of these forward-looking statements after the date of this communication to conform our prior statements to actual results or revised expectations, and we do not intend to do so. Factors that may cause actual results to differ materially from current expectations include various factors, including but not limited to the factors set forth in the sections entitled “Risk Factors” in Newsmax’s Annual Report on Form 10-K for the twelve months ended December 31, 2024, Newsmax’s Quarterly Report on Form 10-Q for the three months ended March 31, 2025, and other filings Newsmax makes with the Securities and Exchange Commission. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. Undue reliance should not be placed on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein.
BOCA RATON, FL / ACCESS Newswire / December 16, 2025 / Newsmax Inc. (NYSE:NMAX) (“Newsmax” or the “Company”) today announced that the Company has renewed its carriage agreement with YouTube TV, one of the nation’s leading live streaming television platforms.
As part of the multiyear deal, the Newsmax channel will continue to be available in YouTube TV’s Base Package.
In addition to locking down Newsmax’s distribution on YouTube TV, the Newsmax streaming service, Newsmax+, will be available through YouTube’s Primetime Channels app store beginning in early 2026.
YouTube TV also recently added Newsmax en Espanol, the first and only U.S.-based news channel to use advanced AI technology to dub its content into another language on a live basis. Newsmax en Espanol is available in YouTube TV’s Spanish Plan and Spanish Plus add-on package.
“This agreement keeps Newsmax, the fastest growing cable network in the U.S., on YouTube TV, the fastest growing pay TV platform in the U.S., for years to come,” said Andy Biggers, Newsmax’s Senior Vice President of Distribution.
“YouTube TV have been great partners, and we look forward to continuing to grow together,” Biggers continued.
Newsmax, the fourth highest-rated cable news channel, is carried by every major pay TV operator in the United States, reaching nearly 60 million households with its trusted, independent news coverage.
This milestone places Newsmax’s reach on par with legacy networks such as CNN and Fox News, a remarkable achievement for one of America’s fastest-growing news brands.
About Newsmax
Newsmax Inc. is listed on the NYSE (NMAX) and operates, through Newsmax Broadcasting LLC, one of the nation’s leading news outlets, the Newsmax channel. The fourth highest-rated network is carried on all major pay TV providers. Newsmax’s media properties reach more than 50 million Americans regularly through Newsmax TV, the Newsmax App, its popular website Newsmax.com, and publications such as Newsmax Magazine. Through its social media accounts, Newsmax reaches over 22 million combined followers. Reuters Institute says Newsmax is one of the top U.S. news brands and Forbes has called Newsmax “a news powerhouse.”
Forward-Looking Statements This communication contains forward-looking statements. From time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Forward-looking statements can be identified by those that are not historical in nature. The forward-looking statements discussed in this communication and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. Newsmax does not guarantee future results, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. Forward-looking statements should not be relied upon as predictions of future events. We are under no duty to update any of these forward-looking statements after the date of this communication to conform our prior statements to actual results or revised expectations, and we do not intend to do so. Factors that may cause actual results to differ materially from current expectations include various factors, including but not limited to the factors set forth in the sections entitled “Risk Factors” in Newsmax’s Annual Report on Form 10-K for the twelve months ended December 31, 2024, Newsmax’s Quarterly Report on Form 10-Q for the three months ended March 31, 2025, and other filings Newsmax makes with the Securities and Exchange Commission. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. Undue reliance should not be placed on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein.
BOCA RATON, FL / ACCESS Newswire / December 4, 2025 / Newsmax Inc. (NYSE:NMAX) (“Newsmax” or the “Company”) today announced that management will attend the UBS Global Media and Communications Conference being held in New York City from December 8-9, 2025.
Management will be available for 1×1 meetings throughout the conference. For more information, or to schedule a meeting with management, please contact your UBS representative.
About Newsmax Newsmax Inc. is listed on the NYSE (NMAX) and operates, through Newsmax Broadcasting LLC, one of the nation’s leading news outlets, the Newsmax channel. The fourth highest-rated network is carried on all major pay TV providers. Newsmax’s media properties reach more than 50 million Americans regularly through Newsmax TV, the Newsmax App, its popular website Newsmax.com, and publications such as Newsmax Magazine. Through its social media accounts, Newsmax reaches over 22 million combined followers. Reuters Institute says Newsmax is one of the top U.S. news brands and Forbes has called Newsmax “a news powerhouse.”
Company Reports Revenues of $45.3 million, a 4.0% Year-Over-Year Increase, Outpacing Election-Year Comparison
Broadcast Revenues Increase to $36.6 Million, a 10.1% Increase Year-Over-Year
Newsmax Remains the Fourth Highest-Rated Cable News Channel With Over 28 Million Quarterly Viewers
BOCA RATON, FL / ACCESS Newswire / November 13, 2025 / Newsmax Inc. (NYSE:NMAX) (“Newsmax” or the “Company”) today announced its financial results for the third quarter ended September 30, 2025.
Management Commentary
“We are pleased to announce another strong quarter that shows the power and consistency of our business, even in a non-election year when news audiences and advertising demand across the industry typically soften,” said Christopher Ruddy, Chief Executive Officer of Newsmax. “Our performance this quarter reflects the strength of our diversified revenue model, the growing reach of our cable and FAST channels and the continued engagement of audiences across all of our platforms.”
Ruddy continued, “Since going public, we have focused on building a company positioned for sustainable, long-term growth. Our strong balance sheet and access to the public markets give us the flexibility to invest strategically, expand our distribution and continue delivering compelling content that resonates with viewers. We remain focused on sustainable, long-term growth and on delivering consistent value for our shareholders.”
Third Quarter 2025 Business and Operational Highlights
Newsmax has significantly expanded its distribution reach through multiple strategic initiatives including:
Secured distribution agreement with a leading hospitality provider, making Newsmax available in 900+ hotels and 300,000 hotel rooms nationwide.
Partnered with Curb to bring Newsmax programming to the Taxi TV platform, reaching over 15,000 screens across 65 U.S. markets generating 2.3 billion annual impressions.
Achieved major international expansion through partnership with Trump Media & Technology Group, making Newsmax available globally on Truth+ streaming platform across multiple devices and connected TV apps.
Extended multi-year carriage partnership with Fubo, launching Newsmax en Español on Fubo’s Latino plan and Latino Plus add-on package.
Expanded international news coverage with Carl Higbie broadcasting live from Israel, providing comprehensive coverage and exclusive interviews including with Israeli Prime Minister Benjamin Netanyahu.
Implemented strategic cryptocurrency purchase plan of up to $5 million to acquire Bitcoin and Trump Coin over the next 12 months, positioning Newsmax to be the first NYSE company to purchase Trump Coin.
Partnered with Veritone to modernize newsroom operations and unlock revenue potential from Newsmax’s extensive 20-year content archive through AI-powered Digital Media Hub technology.
Appointed David Gandler, Co-Founder and Chief Executive Officer of FuboTV, to the Board of Directors, bringing extensive streaming and media industry expertise.
Third Quarter 2025 Financial Highlights
Newsmax reported total quarterly revenues of $45.3 million for the three-month period ended September 30, 2025, representing a 4.0% year-over-year increase.
Total Broadcasting revenues grew 10.1% year-over-year to $36.6 million for the third quarter of 2025, underscoring continued growth even in a non-election year. This was driven by affiliate fee revenue growth, higher ratings and pricing for broadcasting ad revenue and an increase in Newsmax+ subscribers.
Advertising Revenues decreased slightly by 1.6% year-over-year to $27.6 million due to a non-election year comparison period.
Affiliate Revenues increased 22.3% year-over-year to $8.1 million driven by new contractual relationships as well as rate increases that went into effect in 2025.
Subscription Revenues of $6.9 million were flat year-over-year, driven by an increase in Newsmax+ subscribers, offset by reductions in publication subscriptions due to election cycle cyclicality.
Product Sales Revenues increased 1.8% year-over-year to $1.5 million.
Newsmax reported a quarterly Net Loss of $(4.1) million as compared to a Net Loss of $(9.8) million reported in the prior year quarter, primarily driven by higher production and programming investments, public company and stock-based compensation costs, offset by reduced legal expenses and higher broadcast revenues.
Quarterly Adjusted EBITDA was $(1.8) million, a decrease of $4.4 million from the amount reported in the same quarter last year, primarily due to higher production and programming expenses and increased personnel and public company costs associated with the Company’s continued expansion. (See reconciliation of net loss to adjusted EBITDA below).
The Company ended the quarter with $130.4 million in Cash and short-term investments. Cash and Cash Equivalents were $14.2 million and short-term investments were $116.2 million.
Newsmax is reiterating its previously issued full-year 2025 revenue guidance of $180 million to $190 million.
“Our third quarter results highlight the resilience and momentum of our business,” commented Darryle Burnham, Chief Financial Officer. “By expanding our global distribution footprint and modernizing our content monetization strategy, we are laying the foundation for sustainable, long-term growth. We are encouraged by the strong performance we are seeing early in the fourth quarter and remain confident in our previously disclosed full-year revenue guidance. Supported by a solid balance sheet, we continue to invest in strategic opportunities that enhance our reach, strengthen our financial profile and drive shareholder value.”
Earnings Call Information
The Company will host an earnings call at 4:30pm ET today to discuss the third quarter 2025 financial results. Participants may access the live webcast at Newsmax’s investor relations website at: Investor Relations | Newsmax Inc.
About Newsmax
Newsmax Inc. is listed on the NYSE (NMAX) and operates, through Newsmax Broadcasting LLC, one of the nation’s leading news outlets, the Newsmax channel. The fourth highest-rated network is carried on all major pay TV providers. Newsmax’s media properties reach more than 50 million Americans regularly through Newsmax TV, the Newsmax App, its popular website Newsmax.com, and publications such as Newsmax Magazine. Through its social media accounts, Newsmax reaches over 22 million combined followers. Reuters Institute says Newsmax is one of the top U.S. news brands and Forbes has called Newsmax “a news powerhouse.”
This communication contains forward-looking statements. From time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Forward-looking statements can be identified by those that are not historical in nature. The forward-looking statements discussed in this communication and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. Newsmax does not guarantee future results, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. Forward-looking statements should not be relied upon as predictions of future events. We are under no duty to update any of these forward-looking statements after the date of this communication to conform our prior statements to actual results or revised expectations, and we do not intend to do so. Factors that may cause actual results to differ materially from current expectations include various factors, including but not limited changes in domestic and global general economic and macro-economic conditions and the volatility of the price of Common Stock that may result from, among other things, comments by securities analysts or other third parties, including blogs, articles, message boards and social and other media, large shareholders exiting their position in our Common Stock, any negative public perception of us, sales of shares previously registered for resale, or other uncertainties and the factors set forth in the sections entitled “Risk Factors” in Newsmax’s Annual Report on Form 10-K for the twelve months ended December 31, 2024, Newsmax’s Quarterly Report on Form 10-Q for the three months ended June 30, 2025, and other filings Newsmax makes with the Securities and Exchange Commission. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. Undue reliance should not be placed on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein.
USE AND DEFINITION OF NON-GAAP FINANCIAL MEASURES
This press release contains a financial measure that has not been prepared in accordance with United States Generally Accepted Accounting Principles (“U.S. GAAP”). This financial measure is Adjusted EBITDA.
Non-GAAP financial measures are used to supplement the financial information presented on a U.S. GAAP basis and should not be considered in isolation or as a substitute for the relevant U.S. GAAP measures and should be read in conjunction with information presented on a U.S. GAAP basis. Because not all companies use identical calculations, our presentation of Non-GAAP measures may not be comparable to other similarly titled measures of other companies.
Adjusted EBITDA[1] is defined as revenues less cost of revenues and general and administrative expenses and does not include depreciation and amortization, interest expense, net, impairment charges, unrealized gains (losses) on marketable securities, other corporate matters (consisting primarily of certain litigation expenses, and related fees, for specific legal proceedings that the Company has determined are infrequent and unusual in terms of their magnitude), other, net, and income tax expense.
[1] The Company compensates for limitations of the adjusted EBITDA measure by prominently disclosing GAAP net income (loss), which the Company believes is the most directly comparable GAAP measure, and providing investors with a reconciliation from GAAP net income (loss) to adjusted EBITDA on page 13.
NEWSMAX INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)
September 30,
December 31,
2025
2024
ASSETS
Current assets:
Cash and cash equivalents
$
14,181,578
$
24,052,887
Funds held in escrow
20,000,000
–
Investments
116,175,071
58,310,955
Accounts receivable, net
30,623,417
28,265,721
Inventories, net
1,798,300
1,792,697
Prepaid expenses and other current assets
9,457,315
8,925,294
Total current assets
192,235,681
121,347,554
Property and equipment, net
6,568,078
6,225,617
Right of use asset, operating lease
4,531,107
7,191,606
Other assets
9,446,965
10,698,660
Security deposits
549,277
609,426
Funds held in escrow
20,000,000
–
Total assets
$
233,331,108
$
146,072,863
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current liabilities
Accounts payable
$
15,844,429
$
14,670,846
Accrued expenses
9,824,063
9,882,720
Accrued payroll
3,439,899
2,220,872
Accrued distribution
935,380
1,068,366
Deferred revenue
10,673,913
13,652,699
Lease liability, operating lease
3,320,703
3,894,102
Lease liability, finance lease
156,420
199,237
Settlement liability
26,022,450
29,099,265
Warrant liability
–
6,499,821
Derivative liability
–
41,459,418
Total current liabilities
70,217,257
122,647,346
Long-term liabilities:
Deferred revenue, net of current portion
3,031,812
2,835,218
Lease liability, operating lease, net of current portion
1,710,473
4,049,256
Lease liability finance lease, net of current portion
19,614
129,930
Share repurchase liability
6,407,990
–
Other long-term liabilities
937,500
–
Settlement liability, net of current portion
45,045,400
25,477,941
Total liabilities
127,370,046
155,139,691
Commitments and contingencies (Note 11)
Convertible and redeemable preferred stock, $0.001 par value; 11,034 shares authorized; and 0 and 5,575 shares issued and outstanding as of September 30, 2025 and December 31, 2024
–
128,576,901
Stockholders’ equity (deficit)
Convertible and redeemable preferred stock, $0.001 par value; 60,000 shares authorized; and 0 and 27,612 shares issued and outstanding as of September 30, 2025 and December 31, 2024
–
86,742,045
Class A common stock, 0.001 par value; 50,000,000 shares authorized; 39,239,297 shares issued and outstanding; Class B common stock, 0.001 par value; 940,000,000 shares authorized 89,884,489 shares issued and outstanding at September 30, 2025. Class A common stock, 0.001 par value; 20,000 Class A shares authorized; 68,127,538 Class A shares issued and outstanding at December 31, 2024; 60,000 Class B shares authorized; 0 Class B shares issued and outstanding at December 31, 2024 (1)
129,124
10
Treasury stock, 0 and 27,061,584 shares at cost, respectively
–
(14,622,222
)
Additional paid-in capital
429,920,419
18,056,702
Accumulated other comprehensive income (loss)
810,725
(52,849
)
Accumulated deficit
(324,899,206
)
(227,767,415
)
Total stockholders’ equity (deficit)
105,961,062
(137,643,729
)
Total liabilities, convertible and redeemable preferred stock and stockholders’ equity (deficit)
$
233,331,108
$
146,072,863
NEWSMAX INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited)
September 30,
September 30,
2025
2024
2025
2024
Revenues:
Service revenue
$
43,724,758
$
41,993,774
$
132,344,306
$
118,903,244
Product revenue
1,547,938
1,520,178
4,669,841
4,437,085
Total revenues
45,272,696
43,513,952
137,014,147
123,340,329
Cost of services
28,357,890
22,589,117
80,765,038
64,165,716
Cost of products sold
954,070
1,162,172
3,184,474
3,785,208
Gross profit
15,960,736
19,762,663
53,064,635
55,389,405
General and administrative expenses:
Personnel costs
8,202,407
6,557,029
24,830,586
18,396,598
Advertising costs
4,613,034
4,215,409
14,972,904
12,560,388
Professional fees
2,602,513
1,457,565
9,993,062
3,928,383
Rent and utilities
1,494,040
1,526,716
4,484,284
4,496,174
Depreciation
690,320
746,206
2,161,785
2,371,299
Other corporate matters
1,192,312
10,718,880
79,297,013
69,793,233
Other
4,364,669
3,335,633
12,501,789
8,232,579
Total general and administrative expenses
23,159,295
28,557,438
148,241,423
119,778,654
Loss from operations
(7,198,559
)
(8,794,775
)
(95,176,788
)
(64,389,249
)
Other income (expense), net
Interest and dividend income
2,203,611
166,694
5,059,952
220,155
Interest expense
(5,455
)
(25,067
)
(18,966
)
(73,229
)
Unrealized gain on marketable securities
957,795
136,355
2,042,639
264,929
Other, net
(17,062
)
(1,253,656
)
(8,359,960
)
(1,285,342
)
Total other income (expense), net
3,138,889
(975,674
)
(1,276,335
)
(873,487
)
Net loss before income taxes
(4,059,670
)
(9,770,449
)
(96,453,123
)
(65,262,736
)
Income tax expense (benefit)
55,736
(162
)
70,429
20,798
Net loss
$
(4,115,406
)
$
(9,770,287
)
$
(96,523,552
)
$
(65,283,534
)
Other comprehensive income:
Unrealized (loss) gain on available for sale debt investments, net of income tax
(65,595
)
–
863,574
–
Comprehensive loss
$
(4,181,001
)
$
(9,770,287
)
$
(95,659,978
)
$
(65,283,534
)
Weighted average common stock outstanding, basic and diluted (1)
128,480,258
41,065,954
100,938,896
41,065,954
Net loss per share attributable to common stockholders, basic and diluted
$
(0.03
)
$
(0.29
)
$
(1.00
)
$
(1.71
)
NEWSMAX INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE NINE MONTHS ENDED September 30, 2025 AND 2024 (Unaudited)
2025
2024
Cash flows from operating activities:
Net loss
$
(96,523,552
)
$
(65,283,534
)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization
4,614,605
4,663,869
Stock-based compensation
8,542,133
–
Change in fair value of warrant liability
1,824,179
6,373,757
Change in fair value of derivative liability
6,104,230
871,423
(Recovery of) provision for credit losses
(67,024
)
(398,460
)
Unrealized gain on marketable securities
(2,042,639
)
(264,929
)
Non-cash lease expense
2,575,226
2,696,788
Non-cash expense related to SEPA Agreement
500,000
–
Changes in operating assets and liabilities:
(Increase) decrease in assets:
Accounts receivable
(2,290,672
)
(3,912,014
)
Inventory
(5,603
)
1,522,127
Prepaid expenses and other current assets
(2,470,684
)
(1,510,367
)
Funding of settlement escrow
(40,000,000
)
–
Other asset
(1,201,125
)
–
Security deposits
60,149
133,017
Increase (decrease) in liabilities:
Accounts payable
452,333
(5,513,332
)
Accrued expenses
1,027,384
9,035,612
Lease liabilities
(2,826,909
)
(2,818,993
)
Settlement liability
16,490,644
36,959,521
Other long-term liabilities
937,500
–
Deferred revenue
(2,782,192
)
(3,734,657
)
Net cash used in operating activities
(107,082,017
)
(21,180,172
)
Cash flows from investing activities:
Purchase of investments
(132,569,436
)
–
Proceeds from maturity of investments
28,250,000
–
Sale of investments
49,361,533
314,432
Purchase of property and equipment
(1,782,997
)
(497,453
)
Net cash used in investing activities
(56,740,900
)
(183,021
)
Cash flows from financing activities:
Proceeds from issuance of convertible preferred stock, net
80,742,222
50,471,381
Proceeds from issuance of common stock IPO, net
66,359,453
–
Proceeds from exercise of stock options
7,829,631
–
Proceeds from additional stock issuance
88,500
–
Payment of dividend
(915,067
)
–
Principal payment under finance lease obligation
(153,132
)
(139,040
)
Net cash provided by financing activities
153,951,608
50,332,341
Net change in cash
(9,871,309
)
28,969,148
Cash and cash equivalents – beginning
24,052,887
6,037,211
Cash and cash equivalents – ending
$
14,181,578
$
35,006,359
Supplemental disclosures of cash flow information:
Operating lease assets obtained in exchange for operating lease liabilities
$
28,391
$
76,708
Allocation from equity to derivative liability for Series B Preferred Stock
$
–
$
14,982,293
Interest paid
$
1,829
$
30,289
Non-cash transactions:
Property and equipment acquired through accounts payable:
$
721,250
$
210,737
Non-cash financing activities:
Issuance of warrants in connection with the issuance of convertible stock
$
1,144,976
$
–
Common stock issuance costs reclassified from prepaid expenses
$
(1,798,989
)
$
–
IPO funds receivable in escrow
$
34,500
$
–
NEWSMAX INC. AND SUBSIDIARIES ADJUSTED EBITDA RECONCILIATION FOR THE THREE MONTHS ENDED September 30, 2025 AND 2024 (Unaudited)
2025
2024
Net loss
$
(4,115,406
)
$
(9,770,287
)
Add
Depreciation
690,320
746,206
Interest, net
(2,198,156
)
(141,627
)
Unrealized (gain) loss on marketable securities
(957,795
)
(136,355
)
Stock-based compensation
3,547,340
–
Other corporate matters[2]
1,192,312
10,718,880
Other, net[3]
17,062
1,253,656
Income tax expense
55,736
(162
)
Adjusted EBITDA[4]
$
(1,768,587
)
$
2,670,311
[2] Comprised of certain litigation expenses, and related fees, for specific legal proceedings that we have determined are infrequent and unusual in terms of their magnitude. [3] Comprised of miscellaneous items such as derivative adjustments, income tax credits, and unrealized gains on securities [4] For a discussion of Adjusted EBITDA, see “Non-GAAP Financial Measures” below.
BOCA RATON, FL / ACCESS Newswire / November 4, 2025 / Newsmax Inc. (NYSE:NMAX) (“Newsmax” or the “Company”) today announced that management, including CEO Christopher Ruddy, will attend the RBC Capital Markets Global Technology, Internet, Media & Telecommunications Conference being held in New York City from November 18-19, 2025.
Management and Mr. Ruddy will be available for 1×1 meetings throughout the conference. For more information, or to schedule a meeting with management, please contact your RBC Capital Markets representative.
About Newsmax Newsmax Inc. is listed on the NYSE (NMAX) and operates, through Newsmax Broadcasting LLC, one of the nation’s leading news outlets, the Newsmax channel. The fourth highest-rated network is carried on all major pay TV providers. Newsmax’s media properties reach more than 40 million Americans regularly through Newsmax TV, the Newsmax App, its popular website Newsmax.com, and publications such as Newsmax Magazine. Through its social media accounts, Newsmax reaches more than 20 million combined followers. Reuters Institute says Newsmax is one of the top U.S. news brands and Forbes has called Newsmax “a news powerhouse.”
BOCA RATON, FL / ACCESS Newswire / October 28, 2025 / Newsmax Inc. (NYSE:NMAX) (“Newsmax” or the “Company”) today announced that the Company will report financial results for the third quarter ended September 30, 2025 on Thursday, November 13, 2025, after the U.S. stock market closes.
Management will host a conference call at 4:30 PM ET the same day to discuss the results. The live webcast and replay will be available on the Newsmax Investor Relations website at ir.newsmax.com.
About Newsmax
Newsmax Inc. is listed on the NYSE (NMAX) and operates, through Newsmax Broadcasting LLC, one of the nation’s leading news outlets, the Newsmax channel. The fourth highest-rated network is carried on all major pay TV providers. Newsmax’s media properties reach more than 40 million Americans regularly through Newsmax TV, the Newsmax App, its popular website Newsmax.com, and publications such as Newsmax Magazine. Through its social media accounts, Newsmax reaches 20 million combined followers. Reuters Institute says Newsmax is one of the top U.S. news brands and Forbes has called Newsmax “a news powerhouse.”
BOCA RATON, FL / ACCESS Newswire / October 27, 2025 / Newsmax Inc. (NYSE:NMAX) (“Newsmax” or the “Company”) today announced a new agreement with the leading provider of in-room entertainment for the hospitality industry that delivers the Newsmax channel to more than 900 hotels and 300,0000 hotel rooms across the U.S.
The agreement creates a new touchpoint for Newsmax, one of the top cable news channels, bringing the network’s 24/7 news coverage, analysis and programming directly to millions of hotel guests across the country.
“By expanding access to Newsmax in over 900 hotels, we’re not only ensuring that our viewers can stay tuned to Newsmax on the road but also growing awareness of the channel to millions of travelers every year who are looking for trusted, real-time news wherever they are,” Andy Biggers, SVP of Distribution at Newsmax.
This deal continues Newsmax’s strategic expansion across multiple platforms, including cable, streaming, OTT, and now, hospitality. With this move, Newsmax reinforces its presence as one of the fastest-growing news networks in America.
The Newsmax channel is available today on all major cable, satellite, and pay TV systems reaching about 60 million U.S. homes – on par with CNN, Fox and other major networks.
About Newsmax Newsmax Inc. is listed on the NYSE (NMAX) and operates, through Newsmax Broadcasting LLC, one of the nation’s leading news outlets, the Newsmax channel. The fourth highest-rated network is carried on all major pay TV providers. Newsmax’s media properties reach more than 40 million Americans regularly through Newsmax TV, the Newsmax App, its popular website Newsmax.com, and publications such as Newsmax Magazine. Through its social media accounts, Newsmax reaches 20 million combined followers. Reuters Institute says Newsmax is one of the top U.S. news brands and Forbes has called Newsmax “a news powerhouse.”
Company’s Board Authorizes Strategic Purchases of up to $5 Million of Bitcoin and Trump Coin
BOCA RATON, FL / ACCESS Newswire / October 16, 2025 / Newsmax Inc. (NYSE:NMAX) (“Newsmax” or the “Company”) today announced that the Company’s Board of Directors has authorized a strategic purchase plan of up to $5 million to purchase Bitcoin and Trump Coin over the next 12 months, subject to market conditions.
Newsmax expects to join more than 100 public companies that hold Bitcoin or other cryptocurrencies on their balance sheets. According to BitcoinTreasuries data, public company-held coin represents over 4.7% of total Bitcoin in circulation.
Newsmax also plans to add official Trump Coin to its strategic crypto reserve. The popular meme coin was launched earlier this year by President Trump and the circulating coin value exceeds $1.2 billion today with a total coin market value of around $6 billion, according to figures from Coinbase.
“Bitcoin is fast becoming the gold standard of cryptocurrency, and we believe it would be an important company marker to add this asset to our company reserves,” Newsmax CEO Christopher Ruddy said.
“We are also excited to add Trump Coin to our cryptocurrency plan, as we believe the coin’s value should track the success of the Trump presidency, which so far has been impressive,” Ruddy continued.
After making such a purchase, Newsmax expects to be the first NYSE company to purchase Trump Coin.
Newsmax anticipates making the first tranche of cryptocurrency purchases in the near future. Additional cryptocurrency acquisitions will be evaluated based on market conditions, operational requirements and strategic objectives. The Company maintains flexibility to adjust its digital asset strategy as market conditions evolve.
Newsmax has established comprehensive protocols for digital asset custody and management, partnering with leading institutional cryptocurrency services providers to ensure secure storage and handling of its cryptocurrency reserves.
This past March, President Trump announced the establishment of a Strategic Bitcoin Reserve for the United States. The fund is expected to begin with forfeited government Bitcoin and will grow with a Digital Asset Stockpile made up of other cryptocurrencies.
Newsmax listed on the NYSE in March 2025 after a historic Private Preferred raise and Regulation A+ IPO offering that successfully raised $300 million.
About Newsmax
Newsmax Inc. is listed on the NYSE (NMAX) and operates, through Newsmax Broadcasting LLC, one of the nation’s leading news outlets, the Newsmax channel. The fourth highest-rated network is carried on all major cable stations, as well as a major satellite system. Newsmax’s media properties reach more than 40 million Americans regularly through Newsmax TV, the Newsmax App, its popular website Newsmax.com, and publications such as Newsmax Magazine. Through its social media accounts, Newsmax reaches 20 million combined followers. Reuters Institute says Newsmax is one of the top U.S. news brands and Forbes has called Newsmax “a news powerhouse.”
This communication contains forward-looking statements. From time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Forward-looking statements can be identified by those that are not historical in nature. The forward-looking statements discussed in this communication and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. Newsmax does not guarantee future results, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. Forward-looking statements should not be relied upon as predictions of future events. We are under no duty to update any of these forward-looking statements after the date of this communication to conform our prior statements to actual results or revised expectations, and we do not intend to do so. Factors that may cause actual results to differ materially from current expectations include various factors, including but not limited to our ability to change the direction of Newsmax, our ability to keep pace with new technology and changing market needs, the competitive environment of our business changes in domestic and global general economic and macro-economic conditions and/or uncertainties and factors set forth in the sections entitled “Risk Factors” in Newsmax’s Annual Report on Form 10-K for the twelve months ended December 31, 2024, Newsmax’s Quarterly Report on Form 10-Q for the three months ended March 31, 2025, and other filings Newsmax makes with the Securities and Exchange Commission. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. Undue reliance should not be placed on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein.
BOCA RATON, FL / ACCESS Newswire / October 2, 2025 / Newsmax Inc. (NYSE:NMAX) (“Newsmax” or the “Company”) today announced that the Company will participate in the Maxim Group 2025 Growth Summit taking place October 22-October 23, 2025, at the Hard Rock Hotel in New York City.
Christopher Ruddy, Chief Executive Officer of Newsmax, will deliver the keynote address on October 23 and the Company’s management will also be available for 1-on-1 meetings that day.
For more information, or to schedule a meeting with management, please contact your Maxim Group representative.
About Newsmax Newsmax Inc. is listed on the NYSE (NMAX) and operates, through Newsmax Broadcasting LLC, one of the nation’s leading news outlets, the Newsmax channel. The fourth highest-rated network is carried on all major pay TV providers. Newsmax’s media properties reach more than 40 million Americans regularly through Newsmax TV, the Newsmax App, its popular website Newsmax.com, and publications such as Newsmax Magazine. Through its social media accounts, Newsmax reaches 20 million combined followers. Reuters Institute says Newsmax is one of the top U.S. news brands and Forbes has called Newsmax “a news powerhouse.”
