Filing Flows › Newsmax (NMAX) › Q1 2025
Newsmax (NMAX) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Newsmax (NMAX) reported revenue of $45.3M for the first quarter 2025 (Q1 2025), +12% from a year earlier and -5% from the quarter before. Operating margin was -25.5%, net loss $17.2M (38.0% of revenue).
Newsmax, Q1 2025: revenue $45.3M (+12% year over year), operating margin -25.5%, net loss $17.2M, operating cash flow −$15.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $45.3M | -5% | +12% |
| Operating profit | −$11.6M | — | — |
| Net earnings | −$17.2M | — | — |
| Operating cash flow | −$15.7M | — | — |
What changed
Revenue was $45.3M in Q1 2025, up 12% year over year and down 5% from the previous quarter. Advertising revenue was the largest line at 64% of revenue. Advertising revenue added $3.4M year over year (up 13%), 73% of the total change. Supplement Sales declined 13%.
Gross margin was 47.8%, down 2.2 points from a year earlier. Operating costs exceeded revenue by $11.6M, an operating margin of -25.5%. Operating expenses fell 53% while revenue rose 12%. The quarter ended with a net loss of $17.2M, wider than the previous quarter's $6.9M loss.
Operating cash flow was −$15.7M. Non-cash charges added back $1.5M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $1.6M. Capital expenditures of $73K exceeded it, leaving free cash flow of −$15.8M.
Questions
What was Newsmax's revenue in the first quarter 2025?
Newsmax (NMAX) reported revenue of $45.3M for the first quarter 2025 (Q1 2025), +12% from a year earlier and -5% from the quarter before.
Was Newsmax profitable in the first quarter 2025?
Operating loss was $11.6M (-25.5% of revenue) and net loss $17.2M.
Source: Newsmax 10-Q on SEC EDGAR.