NMAX
Newsmax, Inc.
NMAX's fundamentals are strong: revenue grew 23% and its operating margin went from −54% to 2.8%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
NMAX Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Stable | |
| Strong |
NMAX's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
NMAX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 75x | $7.29 | — |
| Forward | 2,187x | $7.29 | — |
| Cheap | N/A | N/A | N/A |
| Fair | N/A | N/A | N/A |
| Expensive | N/A | N/A | N/A |
Historical ranges are pointers, not guarantees.
NMAX's PE is 75x, but its earnings don't support one, so it isn't a reliable read right now.
NMAX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Returning to profit | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect NMAX to return to profit, with revenue growing.
NMAX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.00 | -97% |
| Q3 2026 | $0.10 | +$1.29 |
| Q2 2026 | -$0.05 | +$1.20 |
| Q1 2026 | -$0.66 | +$0.14 |
| Q4 2025 | -$1.13 | +$0.31 |
| Q3 2025 | -$1.19 | +$0.51 |
| Q2 2025 | -$1.25 | +$0.67 |
NMAX has returned to profit: it earned $0.10 per share over the past year, after losing money the year before.
NMAX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $69M | +52% |
| Q2 2026 | $54.1M | +17% |
| Q1 2026 | $51.7M | +14% |
| Q4 2025 | $52.2M | +9.6% |
| Q3 2025 | $45.3M | +4% |
| Q2 2025 | $46.4M | +18% |
| Q1 2025 | $45.3M | +12% |
| Q4 2024 | $47.7M | +26% |
NMAX's revenue has grown year over year every quarter since late 2024: $69M last quarter, up 52% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 21% | +37 points |
| Q2 2026 | 2.4% | +167 points |
| Q1 2026 | -8.7% | +17 points |
| Q4 2025 | -8.9% | +2.4 points |
| Q3 2025 | -16% | +4.3 points |
| Q2 2025 | -165% | -152 points |
| Q1 2025 | -26% | +100 points |
| Q4 2024 | -11% | -3.1 points |
NMAX's operating margin was 21% last quarter, up 37 points from the same quarter a year ago, near the top of its range since 2023.
NMAX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $9.6M | +$78.8M |
| Q2 2026 | -$1.3M | +$22.6M |
| Q1 2026 | -$2.9M | +$12.9M |
| Q4 2025 | $1.8M | +$29.8M |
| Q3 2025 | -$69.2M | -$55.2M |
| Q2 2025 | -$23.8M | -$19.6M |
| Q1 2025 | -$15.8M | -$12.4M |
| Q4 2024 | -$28M | -2550% |
NMAX's free cash flow has turned positive after two years mostly in the red: $7M over the past year.
NMAX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -60.2K shares |
| 1 year | +0.6% | +745K shares |
| 3 years | +57% | +47.1M shares |
NMAX has 129M diluted shares, up 0.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
NMAX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.1x | Net Cash |
NMAX has more cash than debt.
NMAX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.7 | Neutral |
| Stochastic | 5.5 | Oversold |
NMAX's weekly RSI is 39 (neutral) and its Stochastic is 5 (oversold).
NMAX PE vs Communication Services Sector
NMAX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.76 | 17% below |
| 20 week MA | $9.23 | 21% below |
| 50 week MA | $8.04 | 9.3% below |
NMAX is in a downtrend: it's below all three of its weekly moving averages, and 9.3% below its 50-week average.
NMAX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $45.0 | $8.67 | -81% |
| 2026 YTD | $8.67 | $7.29 | -16% |
NMAX has finished every year since 2025 lower, and it's down 16% so far in 2026.