Newsmax Inc.

NYSE:NMAX Stock Report

Market Cap: US$1.1b

Newsmax Balance Sheet Health

Financial Health criteria checks 5/6

Newsmax has a total shareholder equity of $107.0M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $226.3M and $119.2M respectively.

Key information

0%

Debt to equity ratio

US$0

Debt

Interest coverage ration/a
CashUS$129.10m
EquityUS$107.02m
Total liabilitiesUS$119.23m
Total assetsUS$226.26m

Recent financial health updates

Recent updates

Analysis Article Feb 13

The Price Is Right For Newsmax Inc. (NYSE:NMAX) Even After Diving 29%

The Newsmax Inc. ( NYSE:NMAX ) share price has fared very poorly over the last month, falling by a substantial 29%. To...
Seeking Alpha Jan 17

Newsmax: Still Not Cheap Enough

Summary Despite strong revenue growth, Newsmax stock has slid since its IPO, as investor sentiment remains negative toward the linear TV industry. NMAX's path to meaningful upside requires aggressive affiliate fee increases, robust advertising growth, and rapid scaling of its nascent streaming business. Current EBITDA is near zero; to double valuation, NMAX must deliver $250M–$500M in incremental EBITDA, a scenario demanding near-flawless execution. Even with solid operational execution, the challenging industry backdrop and aggressive valuation make the risk/reward profile unattractive at current levels. Read the full article on Seeking Alpha
Analysis Article Dec 09

What You Can Learn From Newsmax Inc.'s (NYSE:NMAX) P/S

Newsmax Inc.'s ( NYSE:NMAX ) price-to-sales (or "P/S") ratio of 6x may look like a poor investment opportunity when you...

Financial Position Analysis

Short Term Liabilities: NMAX's short term assets ($200.1M) exceed its short term liabilities ($86.1M).

Long Term Liabilities: NMAX's short term assets ($200.1M) exceed its long term liabilities ($33.1M).


Debt to Equity History and Analysis

Debt Level: NMAX is debt free.

Reducing Debt: NMAX had no debt 5 years ago.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: NMAX has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if NMAX has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/15 11:09
End of Day Share Price 2026/06/12 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Newsmax Inc. is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Thomas ForteMaxim Group
Michael KupinskiNOBLE Capital Markets, Inc.