NI

Newsmax, Inc.

NMAX·NYSE

$8.56

-5.5%
Communication ServicesBroadcasting

Newsmax Inc., through its subsidiaries, operates as television broadcaster and multi-platform content publisher. It operates in two segments broadcasting and digital. The company produces and licenses news, business news, and lifestyle content comprising Newsmax and Newsmax2 that offers 24/7 television news and informational programming channel. It also provides online advertising, including online display, email advertising, other online placements, print advertisements, subscriptions, including our collection of specialized health and financial newsletters, Newsmax Magazine and four online membership programs, and (3) e-commerce, primarily through our subsidiaries that sell nutraceuticals and nonfiction books on political, financial and health-related topics. The company was founded in 1998 and is based in Boca Raton, Florida. Newsmax Inc. operates as a subsidiary of Christopher Ruddy Revocable Trust

At a Glance

Live Snapshot
Market Cap$769.73M
EPS-0.8100
P/E Ratio-10.57
Earnings Date08/18/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -10.6).

Valuation inputs: P/E -10.6, earnings yield N/A, momentum -5.5%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE 0.0%, ROIC 0.0%).

Profitability stack: net margin -52.6%, ROE 0.0%, ROIC 0.0%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +55.8%, momentum -5.5%, net margin -52.6%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

n

Newsmax, Inc. Market vs Earnings Trajectory

NMAX · NYSE

Loading price and EPS data...

NI

Newsmax, Inc. Fair Value Envelope

NMAX · NYSE

Our analysis suggests that NMAX has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $8.56, this represents a potential HIDDEN relative to our calculated worth for Newsmax, Inc..

Intrinsic Value
Current Price: $8.56
3Y+161.0%
5Y+161.0%
10Y+161.0%
3Y+40.0%
5Y+40.0%
10Y+40.0%
3Y+399.0%
5Y+399.0%
10Y+399.0%
3Y+781.0%
5Y+781.0%
10Y+781.0%
3Y+408.0%
5Y+408.0%
10Y+408.0%
3Y+358667364.0%
5Y+358667364.0%
10Y+358667364.0%
NI

Newsmax, Inc. Profit Bridge

NMAX · NYSE
Revenue189.30M
Cost of Goods Sold (117.62M)
Gross Profit71.63M
Operating Expenses (171.49M)
Operating Income-99.85M
Interest Expense (23.17K)
Other Income/Expense359.45K
Pretax Income-99.50M
Income Tax (0.00)
Net Income-99.50M
Net Income
-99.50M

Profitability Analysis

Gross Margin

37.8%

Strong gross margins indicate healthy pricing and efficient production or service delivery.

Operating Margin

-52.7%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-52.6%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

37.84%
Gross Profit Margin
-23%
3Y-9.0%
5Y-9.0%
10Y-9.0%
-52.75%
Operating Profit Margin
29%
3Y+267.0%
5Y+267.0%
10Y+267.0%
-52.56%
Net Profit Margin
25%
3Y+257.0%
5Y+257.0%
10Y+257.0%
-0.00%
Return on Equity
-100%
3Y-100.0%
5Y-100.0%
10Y-100.0%
0.00%
Return on Assets
-100%
3Y-100.0%
5Y-100.0%
10Y-100.0%
-0.00%
Return on Invested Capital
-100%
3Y-100.0%
5Y-100.0%
10Y-100.0%
N

Newsmax, Inc. Cash Conversion Engine

NMAX · NYSE
Net Income0.00
Depreciation & Amortization0.00
Stock-Based Compensation0.00
Change in Working Capital6.49M
Others-70.95M
Capital Expenditures-2.65M
Free Cash Flow-67.11M

Cash Flow Quality Analysis

CapEx Intensity

-4.1%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-35.1%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$6.49M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.

n

Newsmax, Inc. Funding & Solvency Profile

NMAX · NYSE
Cash & Cash Equivalents17198.76B
Net Receivables38293.09B
Inventory2010.13B
Other Current Assets142600.55B
Total Current Assets200103 B
Property, Plant & Equipment14796.11B
Goodwill & Intangible Assets0.00
Long-Term Investments0.00
Other Non-Current Assets11359.22B
Total Non-Current Assets26155 B
Total Assets
226257.86B

Financial Health Analysis

Current Ratio

2.32x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

1.11x

Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.

Working Capital

113980 B

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

88% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

n

Newsmax, Inc. Street Expectations Map

NMAX · NYSE

No Target Data

No analyst price targets available for nmax.

n

Newsmax, Inc. Insider Positioning

NMAX · NYSE

During the last 12 months, insiders have purchased $350K worth of NMAX shares, with no selling activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

25.6K

350.02K

Sold

0

0.00

Net Activity

+350K

+$350K

Top Buyers

1
GD

Gandler David

Director

11.7K shares1 transactions

$175K

2
DPJ

Dobriansky Paula J.

Director

13.8K shares1 transactions

$175K

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Bullish

Strong bullish signal with $350K net buying. Insiders are aggressively accumulating shares, suggesting significant confidence in future prospects.

Buy/Sell Ratio

∞:1

Perfect buy/sell ratio. Only buying activity with zero selling—the most bullish possible insider signal.

Insider Participation

High Buying

2 insider buyers vs. 0 sellers. Broad-based buying across management team suggests widespread confidence.

Insider Activity Insight

Compelling insider conviction: The combination of strong buy/sell ratio and multiple buyers suggests insiders see attractive risk/reward. Consider this alongside fundamental analysis for confirmation.

0.00%
Dividend Yield
3Y-
5Y-
10Y-
 

nmax Dividend History

NMAX
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%