Filing Flows › Communication Services › Newsmax (NMAX)
Newsmax (NMAX) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · Newsmax (NMAX) Q2 2026 earnings results →
Q2 2026 Revenue up 16% year over year to $54.1M · 5¢ of every $1 of revenue kept as net profit · operating margin 2.4%
Newsmax made $54.1M in Q2 2026 (+16% Y/Y): Service revenue $53.1M, Product sales $1.1M, Books, Media and Other Product Sales $151K. Operating margin 2.4%, net earnings $2.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $54.1M in Q2 2026, up 17% year over year and up 5% from the previous quarter. Advertising was the largest line at 53% of revenue. Affiliate fee added $6.0M year over year (up 82%), 78% of the total change. Books, Media and Other Product Sales declined 73%.
Gross margin was 43.1%, up 5.1 points from Q2 2025. Operating profit was $1.3M, a 2.4% margin (up 166.9 points year over year). Operating expenses fell 77% while revenue rose 17%. Net earnings were $2.9M. The effective tax rate was 0.0%. Non-operating items added $1.6M, 54% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$124K. Non-cash charges added back $1.5M of depreciation and amortization and $3.3M of share-based compensation. Working capital and other items used $7.8M. Capital expenditures of $1.1M exceeded it, leaving free cash flow of −$1.3M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 13, 2026 | $54.1M | +16% | 2.4% | $2.9M | −$124K |
| Q1 2026 | 10-Q | May 14, 2026 | $51.7M | +14% | -8.7% | −$2.2M | −$2.6M |
| Q4 2025 | 10-K | Mar 26, 2026 | $52.2M | +10% | -9.0% | −$3.0M | $2.6M |
| Q3 2025 | 10-Q | Nov 13, 2025 | $45.3M | +4% | -15.9% | −$4.1M | −$68.1M |
| Q2 2025 | 10-Q | Aug 19, 2025 | $46.4M | +18% | -164.5% | −$75.2M | −$23.2M |
| Q1 2025 | 10-Q | May 15, 2025 | $45.3M | +12% | -25.5% | −$17.2M | −$15.7M |
| Q4 2024 | 10-K | Mar 31, 2025 | $47.7M | — | -11.4% | −$6.9M | −$27.5M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
About Newsmax
Newsmax Inc. (the “Company”) is a holding company that owns 100% of the equity interests of its operating company Newsmax Media, Inc. (“Newsmax Media”). Newsmax Media and its other subsidiaries operate the businesses described herein. Newsmax Media has six wholly-owned Florida limited liability company subsidiaries (the “Subsidiaries”): Newsmax Broadcasting, LLC (“Newsmax Broadcasting”), Newsmax Radio LLC (“Newsmax Radio”), Crown Atlantic Insurance, LLC (“Crown Atlantic”), Humanix Publishing, LLC (“Humanix Publishing”), Medix Select, LLC (“Medix Select”), and ROI Media Strategies, LLC (“ROI Media Strategies”).
In its own words, from its 10-K, filed Mar 26, 2026.
Newsmax against its Television Broadcasting Stations peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +16% against the peers' median +16%. Operating margin: 2.4% against the peers' median 15.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| NMAX Newsmax | Q2 2026 | $54.1M | +16% | 2.4% |
| PSKY Skydance | Q2 2026 | $6.9B | +0.9% | 6.9% |
| FOXA Fox | Q1 FY27 | $4.6B | +22% | 28.1% |
| NXST Nexstar Media Group | Q3 2026 | $2.1B | +78% | 24.9% |
| VSNT Versant Media Group | Q3 2026 | $1.6B | -4% | 6.9% |
| FWONA Liberty Media | Q3 2026 | $1.2B | +13% | 19.3% |
| GTN Gray Media | Q3 2026 | $972M | +30% | 27.4% |
| SBGI Sinclair | Q3 2026 | $893M | +16% | 15.0% |
| SSP E.W. Scripps | Q3 2026 | $545M | +4% | 12.3% |
Source: Newsmax 10-Q on SEC EDGAR · CIK 2026478 · Television Broadcasting Stations
13F: who owns NMAX and who is buying
More on NMAX
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results