Filing Flows › Newsmax (NMAX) › Q2 2026 › vs Q2 2025
Newsmax (NMAX) Q2 2026 vs Q2 2025 (year over year)
Newsmax's revenue rose $7.7M (+17%) from $46.4M in Q2 2025 to $54.1M in Q2 2026. The biggest changes: Service revenue +$8.2M (+18%); Product sales −$492K (-32%); Books, Media and Other Product Sales −$410K (-73%). Gross margin 43.1% against 38.0% (+5.1 pts).
Newsmax, Q2 2026: revenue $54.1M (+16% year over year), operating margin 2.4%, net earnings $2.9M, operating cash flow −$124K. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 43.1% | 38.0% | +5.1 pts |
| Operating margin | 2.4% | -164.5% | +166.9 pts |
| Net margin | 5.3% | -161.9% | +167.2 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Advertising | $28.8M | $29.9M | −$1.1M | -4% |
| Affiliate fee | $13.4M | $7.3M | $6.0M | +82% |
| Subscription | $6.3M | $7.0M | −$691K | -10% |
| Licensing | $4.6M | $695K | $3.9M | +563% |
| Service revenue | $53.1M | $44.9M | $8.2M | +18% |
| Product sales | $1.1M | $1.6M | −$492K | -32% |
| Books, Media and Other Product Sales | $151K | $562K | −$410K | -73% |
| Revenue | $54.1M | $46.4M | $7.7M | +17% |
| Gross profit | $23.3M | $17.6M | $5.7M | +32% |
| Cost of revenue | $30.8M | $28.8M | $2.0M | +7% |
| Other income, net | $1.6M | $1.2M | $323K | +26% |
| Operating profit | $1.3M | −$76.4M | $77.7M | — |
| Operating expenses | $22.0M | $94.0M | −$72.0M | -77% |
| Pre-tax earnings | $2.9M | −$75.2M | $78.0M | — |
| Net earnings | $2.9M | −$75.2M | $78.0M | — |
| Operating cash sources | $7.8M | −$47.0M | $54.8M | — |
| Depreciation & amortization | $1.5M | $1.5M | −$21K | -1% |
| Share-based compensation | $3.3M | $3.4M | −$99K | -3% |
| Cash used in operations | $124K | $23.2M | −$23.1M | -99% |
| Working capital & other | $7.8M | −$47.0M | $54.8M | — |
Questions
How much did Newsmax's revenue grow year over year in Q2 2026?
Newsmax's revenue rose $7.7M (+17%) from $46.4M in Q2 2025 to $54.1M in Q2 2026.
What drove Newsmax's revenue change in Q2 2026?
Service revenue +$8.2M (+18%); Product sales −$492K (-32%); Books, Media and Other Product Sales −$410K (-73%).