Filing Flows › Newsmax (NMAX) › Q1 2026
Newsmax (NMAX) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Newsmax (NMAX) reported revenue of $51.7M for the first quarter 2026 (Q1 2026), +14% from a year earlier and -1% from the quarter before. Operating margin was -8.7%, net loss $2.2M (4.2% of revenue).
Newsmax, Q1 2026: revenue $51.7M (+14% year over year), operating margin -8.7%, net loss $2.2M, operating cash flow −$2.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $51.7M | -1% | +14% |
| Operating profit | −$4.5M | — | — |
| Net earnings | −$2.2M | — | — |
| Operating cash flow | −$2.6M | -201% | — |
What changed
Revenue was $51.7M in Q1 2026, up 14% year over year and down 1% from the previous quarter. Advertising was the largest line at 53% of revenue. Books, Media and Other Product Sales declined 4%.
Gross margin was 38.6%, down 4.4 points from Q1 2025. Operating costs exceeded revenue by $4.5M, an operating margin of -8.7%. Operating expenses fell 21% while revenue rose 14%. The quarter ended with a net loss of $2.2M, narrower than the previous quarter's $3.0M loss. Non-operating items added $2.3M, -104% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$2.6M. Non-cash charges added back $1.5M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items used $5.3M. Capital expenditures of $243K exceeded it, leaving free cash flow of −$2.9M.
Questions
What was Newsmax's revenue in the first quarter 2026?
Newsmax (NMAX) reported revenue of $51.7M for the first quarter 2026 (Q1 2026), +14% from a year earlier and -1% from the quarter before.
Was Newsmax profitable in the first quarter 2026?
Operating loss was $4.5M (-8.7% of revenue) and net loss $2.2M.
Source: Newsmax 10-Q on SEC EDGAR.