Filing Flows › Newsmax (NMAX) › Q2 2025
Newsmax (NMAX) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 19, 2025
Newsmax (NMAX) reported revenue of $46.4M for the second quarter 2025 (Q2 2025), +18% from a year earlier and +3% from the quarter before. Operating margin was -164.5%, net loss $75.2M (161.9% of revenue).
Newsmax, Q2 2025: revenue $46.4M (+18% year over year), operating margin -164.5%, net loss $75.2M, operating cash flow −$23.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $46.4M | +3% | +18% |
| Operating profit | −$76.4M | — | — |
| Net earnings | −$75.2M | — | — |
| Operating cash flow | −$23.2M | — | — |
What changed
Revenue was $46.4M in Q2 2025, up 18% year over year and up 3% from the previous quarter. Advertising revenue was the largest line at 64% of revenue. Advertising revenue added $6.2M year over year (up 26%), 86% of the total change. Shipping and handling declined 48%.
Gross margin was 38.0%, down 4.6 points from a year earlier. Operating costs exceeded revenue by $76.4M, an operating margin of -164.5%. Operating expenses grew 338% against revenue growth of 18%. The quarter ended with a net loss of $75.2M, wider than the previous quarter's $17.2M loss.
Operating cash flow was −$23.2M. Non-cash charges added back $1.5M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items added $47.0M. Capital expenditures of $616K exceeded it, leaving free cash flow of −$23.8M.
Questions
What was Newsmax's revenue in the second quarter 2025?
Newsmax (NMAX) reported revenue of $46.4M for the second quarter 2025 (Q2 2025), +18% from a year earlier and +3% from the quarter before.
Was Newsmax profitable in the second quarter 2025?
Operating loss was $76.4M (-164.5% of revenue) and net loss $75.2M.
Source: Newsmax 10-Q on SEC EDGAR.