NMAX on NYSE

Newsmax Media

Logo: Newsmax Media, Public domain, via Wikimedia Commons4

American cable news and digital media company

Newsmax, Inc. (or Newsmax.com, previously styled NewsMax) is an American cable news, political opinion commentary, and digital media company founded by Christopher Ruddy in 1998. It has been variously described as conservative, right-wing, and far-right. Newsmax Media divisions include its cable and broadcast channel Newsmax TV; its website Newsmax.com, which includes Newsmax Health and Newsmax Finance; and Newsmax magazine, its monthly print publication.3 Its shares trade on NYSE under the symbol NMAX.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

$189.3MRevenue, fiscal 20255
-$99.5MNet income, fiscal 20255
1998Founded1

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  • TickerNMAX on NYSE1
  • Industrynews media1
  • HeadquartersWest Palm Beach1
  • Websitenewsmax.com
  • Legal formcorporation1
  • Incorporated inFL6
  • Business address750 Park Of Commerce Drive, Suite 100, Boca Raton, Fl 334876
  • Filer categoryNon-accelerated filer, Emerging growth company6

Newsmax, Inc. (or Newsmax.com, previously styled NewsMax) is an American cable news, political opinion commentary, and digital media company founded by Christopher Ruddy in 1998. It has been variously described as conservative, right-wing, and far-right. Newsmax Media divisions include its cable and broadcast channel Newsmax TV; its website Newsmax.com, which includes Newsmax Health and Newsmax Finance; and Newsmax magazine, its monthly print publication. The company went public in March 2025.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

39.3%Gross margin5
-52.8%Operating margin5
-52.6%Net margin5
10.7%Revenue growth, 20255
-93.8%Return on equity5
-$107.1MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Service brought in 44% of the revenue Newsmax Media broke down this way in fiscal 2025.

  1. Service$43.7M944%down 73% from 2024
  2. Advertising$28.9M929%down 74% from 2024
  3. Affiliate Fee$7.4M98%down 72% from 2024
  4. Product$7.3M57%up 21% from 2024
  5. Subscription and Circulation$7.0M97%down 74% from 2024
  6. Service, Other$3.6M54%up 54% from 2024
  7. License$437.6K90%
  8. Shipping and Handling$300.0K50%up 0% from 2024
Products and services by year
Products and services20242025
Service$165.0M$43.7M
Advertising$109.1M$28.9M
Affiliate Fee$26.7M$7.4M
Product$6.0M$7.3M
Subscription and Circulation$26.9M$7.0M
Service, Other$2.3M$3.6M
License$437.6K
Shipping and Handling$300.0K$300.0K

Business segments

Broadcasting brought in 81% of the revenue Newsmax Media broke down this way in fiscal 2025.

  1. Broadcasting$153.3M581%up 17% from 2024
  2. Digital$35.9M519%down 11% from 2024
Business segments by year
Business segments20242025
Broadcasting$130.7M$153.3M
Digital$40.3M$35.9M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs100¢$189.3M

Out of $189.3M in revenue.5 The company lost money this year.

Financial statements

Revenue5$189.3M in 2025+11% since 2024
0$50.0M$100.0M$150.0M$200.0M2024: $171.0M$171.0M20242025: $189.3M$189.3M2025+11%
Gross profit5$74.4M in 2025−5% since 2024
0$20.0M$40.0M$60.0M$80.0M2024: $78.0M$78.0M20242025: $74.4M$74.4M2025−5%
Operating income5-$99.9M in 2025+43% since 2024
-$100.0M-$75.0M-$50.0M-$25.0M02024: -$69.8M-$69.8M20242025: -$99.9M-$99.9M2025+43%
Net income5-$99.5M in 2025+38% since 2024
-$100.0M-$75.0M-$50.0M-$25.0M02024: -$72.2M-$72.2M20242025: -$99.5M-$99.5M2025+38%

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
Total revenues$189.3M$171.0M
Gross profit$74.4M$78.0M
Personnel costs$32.9M$25.6M
Advertising costs$21.7M$16.9M
Professional fees$13.4M$6.7M
Rent and utilities$6.0M$6.0M
Depreciation$2.8M$3.1M
Other corporate matters$78.6M$76.9M
Other$18.8M$12.6M
Total general and administrative expenses$174.3M$147.8M
Loss from operations-$99.9M-$69.8M
Interest and dividend income$7.0M$580.5K
Interest expense-$23.2K-$91.5K
Unrealized (loss) gain on marketable securities$1.6M-$290.1K
Other, net-$8.3M-$2.6M
Total other income (expense), net$359.4K-$2.4M
Net loss before income taxes-$99.5M-$72.2M
Income tax expense$0$0
Net loss-$99.5M-$72.2M
Unrealized gain (loss) on available for sale debt investments, net of income tax$517.2K-$52.8K
Comprehensive loss-$99.0M-$72.2M
Weighted average common stock outstanding, basic (in shares)108.2M shares41.1M shares
Weighted average common stock outstanding, diluted (in shares)108.2M shares41.1M shares
Net loss per share attributable to common stockholder, basic (in USD per share)-$0.96-$1.95
Net loss per share attributable to common stockholder, diluted (in USD per share)-$0.96-$1.95

Compare Newsmax Media with another company

Corporate structure

Newsmax Media sits at the top of its group. 8 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Newsmax Media

  • Newsmax Media West Palm Beach
    • Crown Atlantic Insurance, LLC Subsidiary · Florida, United States
    • Humanix Publishing, LLC Subsidiary · Florida, United States
    • Medix Health LLC Subsidiary · Florida, United States
    • Newsmax Broadcasting, LLC Subsidiary · Florida, United States
    • Newsmax Markets LLC Subsidiary · Florida, United States
    • Newsmax Radio LLC Subsidiary · Florida, United States
    • ROI Media Strategies, LLC Subsidiary · Florida, United States
    • Newsmax Owned
    • Newsmax TV Owned · United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Newsmax Media reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Operating-lease assets (leased space)$8.8M5 Dec 31, 2025$7.2M5 Dec 31, 2024+22.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$20.4M5 Dec 31, 2025$24.1M5 Dec 31, 2024−15.0%
Debt securities available for sale$90.3M5 Dec 31, 2025$50.8M5 Dec 31, 2024+77.9%
Equity securities at fair value$20.2M5 Dec 31, 2025$7.6M5 Dec 31, 2024+167.4%

Inventory

ItemLatestA year beforeChange
Inventory, total$2.0M5 Dec 31, 2025$1.8M5 Dec 31, 2024+13.1%

Properties, in its own words

Newsmax Inc. does not currently own any property. Newsmax Inc.’s principal executive offices are located at 750 Park of Commerce Drive, Suite 100, Boca Raton, Florida 33487. Newsmax Media leases approximately 50,000 square feet at its principal executive offices pursuant to a lease agreement dated August 28, 2013 between Newsmax Media and 750 Park of Commerce Drive LLC which expires on November 30, 2030.

Newsmax Media sublets certain premises located at 805 Third Avenue, New York, New York 10022 pursuant to that certain Agreement of Sublease, dated as of July 22, 2019, by and between Meredith Corporation and Newsmax Media that expires on December 30, 2026. Newsmax Media leases two floors which represents approximately 47,000 square feet of space at 805 Third Avenue, New York, New York 10022 pursuant to that certain Indenture of Lease, dated as of July 26, 2021, by and between 805 Third New York LLC and Newsmax Media which expires on December 31, 2026.

The rest of Item 2

Newsmax Media leases a portion of a building located at 362 Haverhill Road, West Palm Beach, Florida 33415 pursuant to that certain Lease Agreement, dated as of September 7, 2021, by and between Airport Logistics Park, LLC and Newsmax Media which expires on March 31, 2029.

Newsmax Media leases certain office premises in the Westory Building located at 607 14th Street, NW, Washington, DC 20004, pursuant to that certain Office Lease Agreement, dated as of October 4, 2021, by and between REEP-OFC Westory DC LLC and Newsmax Media. The lease expires on November 30, 2026, subject to Newsmax Media’s right to extend the term of such lease for an additional five years.

Newsmax Inc. believes that its facilities are adequate to meet its needs for the immediate future, and that, should it be needed, suitable space will be available to accommodate any such expansion of operations.

Item 2 of the 10-K filed Mar 26, 2026.13

Stakes and holdings (Wikidata)

  • Newsmax
  • Newsmax TV

Things Wikidata records the company as owning, with the share when stated.1

The story

Founded by Christopher Ruddy in 1998.1

Christopher Ruddy started Newsmax.com on September 16, 1998, supported by a group of investors including the family of former Central Intelligence Agency Director William J. Casey. Later, Richard Mellon Scaife, Ruddy's former employer at the Pittsburgh Tribune-Review, invested in the fledgling company. One of the initial board members was author James Dale Davidson, who edited a financial newsletter, Strategic Investment. Davidson's co-editor, Lord Rees-Mogg, former editor of the Times of London, later became chairman of Newsmax. The prior year, Ruddy’s book, The Strange Death of Vince Foster, was published by Simon & Schuster/Free Press, about the suicide of Vince Foster.

Other news figures who later joined the Newsmax board included Arnaud de Borchgrave, the longtime Newsweek chief correspondent who also serves as editor-at-large of United Press International (UPI), and Jeff Cunningham, former publisher of Forbes. Admiral Thomas Moorer, the former chairman of the Joint Chiefs of Staff and chief of naval operations during the Vietnam War, also served as one of the company's founding board members. Former United States secretary of state and Nixon and Ford administration chief of staff General Alexander M. Haig, Jr. served as special adviser to Newsmax.

Although since its founding, the company had been known for its anti-Clinton content, in the fall of 2007, Newsmax CEO Christopher Ruddy published a favorable review of former president Bill Clinton's book Giving: How Each of Us Can Change the World and a positive interview with him at Newsmax.com, followed by a positive cover story in Newsmax magazine. The New York Times said with reference to the event that politics had made "strange bedfellows". Bill Clinton also visited the Newsmax headquarters in West Palm Beach in 2010. In 2014, Newsmax donated $1 million to the Clinton Foundation and Ruddy has accompanied Clinton on foundation trips to Africa.

In a January 2010 profile on the company, the Financial Times reported that the "rise of Newsmax" had defied the media trend and said that the Newsmax website was "one of the strongest conservative voices online". The paper said Newsmax had witnessed 40 percent growth rates per annum over the past decade, closing 2009 with $36 million revenues, up from $25 million the year before. Earlier Ruddy had told Business Insider the company expected annual 2010 revenues to reach $50 million.

A profile on Newsmax in The New York Times described the company as a "potent force in conservative politics" and noted the company's headquarters had become a must stop for Republican candidates seeking the party's 2012 nomination.

Starting in April 2013, Newsmax.com and its affiliated sites drew 14.4 million unique visitors, leading comScore's News/Politics category over such sites as The Huffington Post Politics, Fox News Politics, CNN Politics, NBCNews.com Politics, and Politico in monthly viewership for two consecutive months.

Newsmax contributors include Nancy Brinker, George Will, Lanny Davis, Alan Dershowitz, Christopher W. Ruddy, David Limbaugh, Ben Stein, Susan Estrich, Laura Schlessinger, Michael Reagan, Dr. Mehmet Oz and Dr. Michael Roizen.

In November 2017, Politico reported that Fox News, facing new competitors, was giving more favorable coverage to President Donald Trump. In an interview, Newsmax CEO Christopher Ruddy criticized Fox News' hosts unwillingness to criticize President Donald Trump, telling Politico that "Newsmax is very supportive of the president, but we also will publish things that are critical of him time to time", Ruddy said. "Fox seems to have decided to become very closely aligned, which seems unnatural, and it doesn't seem consistent.

Read the full text

Coverage of the 2020 United States presidential election

During the 2020 United States presidential election, President Trump began to promote Newsmax over its rival, Fox News. Trump's preference for Newsmax over Fox News became clearer after the latter became the first news outlet to call Arizona for Democratic challenger Joe Biden. Newsmax has made their more conservative leanings a selling point to disaffected Fox News viewers, as well as employing Fox News alumni to join their lineup on Newsmax TV, such as Rob Schmitt and Greg Kelly. Emily VanDerWerff of Vox reported that the outlet "spent lots of time arguing that other media outlets jumped the gun in calling the election for Biden and that Trump still has a path to win this thing", and that it was one of the only networks that didn't call the election for Biden, citing the Trump campaign's legal challenges. However, she did write that "Newsmax doesn't go full arch-conservative" and "doesn't give airtime to QAnon paranoiacs".

CNN's Brian Stelter, in an on-air interview, asked Newsmax CEO Christopher Ruddy why the network chose to air "election denialism" and "bogus voter fraud stuff", to which Ruddy replied that the network featured all points of view and argued that all of the other major news outlets who had reported Biden's election win were "rushing".

In an interview with Variety, Ruddy stated that, "We are waiting for the states' certification and the electoral college, but we will at some point when that happens" and insisted: "We will be supportive of whoever the next president is." He added "Newsmax would never become Trump TV. We have always seen ourselves as an independent news agency" but would be willing to Trump having a weekly show. Ruddy says the company is "moderately conservative and we will continue to have a moderately conservative viewpoint on things – including the president".

In a later interview with The New Yorker, Ruddy stated, "I do think that Donald Trump should concede when the certifications come in", he said, adding that he "would not support going to state legislators to overturn the electors". Following the certification of the electoral college of Joe Biden as the winner on December 14, 2020, the network began using the title "President-elect" to refer to Biden.

Acquisition reports

On November 15, 2020, The Wall Street Journal reported that Hicks Equity Partners, a private equity firm with ties to a co-chair of the Republican National Committee, was exploring a buyout of Newsmax. The Hicks group identified a team of executives who would manage the network, and had been talking to former Fox News hosts including Megyn Kelly. Media analyst Michael Nathanson reported that if a competing network took 20% of Fox News' audience, it could sap about $200 million in annual profit from the company. In an interview with Variety, Newsmax CEO Christopher Ruddy stated "we are not actively selling" the company though he had expressions of interests from investors. Regarding Hicks Equity Partners, Ruddy stated, "we have no deal with them". Ruddy stated that "We would like to overtake Fox News in 12 months, and I think it's doable."

Post-2020 United States presidential election

Newsmax promoted baseless allegations that voting machine company Smartmatic and its competitor Dominion Voting Systems had conspired to rig the election against Trump. On Facebook, Newsmax published a video of its host Carl Higbie making three minutes of debunked claims against the election results, which accumulated 16.5 million views from November 7 to 10. In December 2020, Smartmatic sent a letter to Newsmax threatening legal action and demanding "a full and complete retraction of all false and defamatory statements and reports".

Days later, a Newsmax host stated the company "would like to clarify its news coverage and note it has not reported as true certain claims" made by Newsmax interviewees about Dominion and Smartmatic. Newsmax declared that it had "no evidence" of certain claims made on its programming, including the claim that the two companies have a business relationship, the claim that either company used each other's software, and the claim that either company "manipulated votes" in the 2020 American general election. Newsmax also stated it had "no evidence" that Smartmatic software was used anywhere except Los Angeles during the 2020 election. Newsmax additionally said viewers should be aware of "several facts", including that both companies have no relationship with George Soros, and that "Smartmatic is a U.S. company and not owned by the Venezuelan government" or any other foreign entity.

Mediaite's Rudy Takala wrote that conservatives disgruntled with Fox News could potentially be disappointed by Newsmax due to CEO Christopher Ruddy's friendship with former Democratic president Bill Clinton and positive remarks about a Hillary Clinton presidential campaign. Newsmax has previously donated $1 million to the Clinton Foundation. When reached for comment, Ruddy said, "Like Donald Trump, Rupert Murdoch and other business people, I have donated to the Clinton Foundation and a few Democrats, but over 90 percent of my political contributions have been to Republicans, including ones to President Trump."

Jeffrey McCall, a journalism professor at DePauw University, told Mediaite that "Ruddy is a pragmatist unlikely to allow his operation to be a fully ideological platform. Trump allies who want to bend the arc of media progressivism will need a much more comprehensive national strategy than just trying to take over one particular media outlet."

Adweek reported that Newsmax's TV ratings grew tenfold in the fourth quarter of 2020 compared to the previous quarter. Its top two shows, Spicer & Co. and Greg Kelly Reports (at 7 p.m.), averaged 816,000 total viewers during the same November 7–18 interval. Regarding coverage of the Biden administration, CEO Christopher Ruddy told Adweek "I think Newsmax's job is to be loyal opposition, to question the policies, the programs and the people that are coming into the Biden administration. We're going to take a very careful look at that. I think we were pretty fair with Barack Obama. We were tough on him, but we never called for his impeachment", he said. Newsmax TV momentarily exceeded Fox News in viewership in December 2020, but lost viewers after the conclusion of the election cycle. A Pew Research Center study found that Newsmax's reach (10% of American adults) continued to trail Fox News's reach (43% of American adults) in March 2021.

In July 2021, Vox noted that "Newsmax's effort to out-Trump the competition has been less successful since Trump left the White House for Mar-a-Lago. Newsmax's viewership is down more than 50 percent from January (from an average of about 300,000 viewers then to about 114,000 on July 18), and following a significant slump in December and January, Fox News has reestablished itself as not just the most-watched right-wing cable news network but the most-watched cable news network, period."

In November 2021, a study by the Center for Countering Digital Hate described Newsmax as being among "ten fringe publishers" that together were responsible for nearly 70 percent of Facebook user interactions with content that denies climate change. Facebook disputed the study's methodology.

Also in November 2021, Newsmax White House correspondent Emerald Robinson falsely tweeted that the Moderna COVID-19 vaccine contained luciferase "so that you can be tracked". This echoed earlier false social media claims that the vaccine supposedly had satanic links due to "lucifer" in luciferase and alleged references to "666". Robinson's tweet began with the salutation "Dear Christians" and referred her over 400,000 followers to the Book of Revelation; in a tweet days earlier, she equated vaccines with the Mark of the Beast. Twitter removed the tweet that day and suspended Robinson's account for seven days, citing "repeated violations of our COVID-19 misinformation policy", as Newsmax sought to distance itself from her remark and removed her from the air pending an inquiry. Robinson returned to Twitter after her suspension to continue spreading COVID-19 misinformation, causing Twitter to permanently ban her within hours. Newsmax announced the next month that it would not renew Robinson's contract when it ended in January 2022.

DirecTV dropped Newsmax from its lineup in January 2023, after the companies failed to agree on contract terms. In response, 42 House Republicans signed a letter to DirecTV executives attacking the removal as an act of "suppressing politically disfavored speech". The two companies resolved their dispute and DirecTV resumed broadcasting Newsmax in March 2023.

In May 2023 the "small conservative cable news channel saw its ratings surge" once again in response to actions by Fox News: "Fox's decision to fire [Tucker] Carlson". Newsmax's viewership during the prime-time spot vacated by Carlson more than doubled. This increase surpassed the 2020 post-election surge and on a night-by-night basis they challenged CNN through the month to be the third-most-watched cable news channel (behind MSNBC and Fox). On November 1, 2023, Newsmax placed its live content behind a paywall on YouTube ("Newsmax+") while still offering a free streaming channel ("Newsmax 2").

In March 2024, The Washington Post reported that between 2019 and 2020, a member of the Qatari Royal Family had invested $50 million in the network in the midst of the Qatar diplomatic crisis. It also reported that network leaders had told staffers to soften coverage related to Qatar following the investment, a claim the network later denied in response to the report. The investment was made by Sheikh Sultan bin Jassim Al Thani, a former Qatari government official and the owner of a London-based investment fund, with Newsmax looking for outside investors to better compete with Fox News.

In April 2024, Newsmax was included as a defendant in a defamation lawsuit by a man who was falsely identified as the perpetrator of the 2023 Allen, Texas mall shooting, alongside others such as Fox News and InfoWars personality Owen Shroyer. The man alleged the defendants had "recklessly disregarded basic journalistic safeguards and published the photo of an innocent man, branding him as a neo-Nazi murderer to his local community and the nation at large".

2020 election lawsuits

In December 2020, Newsmax was included as a defendant in a defamation lawsuit by Dominion executive Eric Coomer. Coomer asserted that the defendants had characterized him as a "traitor" and that as a result he was subjected to "multiple credible death threats". In April 2021, Newsmax published a retraction and apology on its website, saying it "found no evidence" to support the allegations against Coomer.

In August 2021, Dominion sued Newsmax for "knowingly and continuously" promoting false election fraud narratives. Newsmax said in a statement that it had "simply reported on allegations made by well-known public figures, including the President, his advisors and members of Congress", adding: "Dominion's action today is a clear attempt to squelch such reporting and undermine a free press". On April 9, 2025, a Delaware judge determined that Newsmax's coverage of Dominion was defamatory and consisted of false claims that Dominion had manipulated votes during the election, among other incorrect allegations. To evaluate whether Newsmax acted with actual malice and determine possible damages, the case was set for a jury trial later in April, but the judge postponed it. On August 15, a $67 million settlement was reached; the documents were filed with the court on August 18.

In November 2021, Smartmatic sued Newsmax for defamation. In August 2023, a Delaware judge rejected Newsmax's bid to narrow the alleged defamatory statements cited by Smartmatic. The trial was set to begin on September 30, 2024. Newsmax and Smartmatic settled the suit on confidential terms on September 26. In March 2025, it was revealed that Newsmax had agreed to pay $40 million to settle the lawsuit.

Initial public offering

On June 10, 2024, during its coverage of a rally organized in Las Vegas by former and current president Donald Trump, Newsmax announced it plans to file for an initial public stock offering either in late 2024 or early 2025. The plan was confirmed on September 5, 2024, with the company expected to be listed under the ticker symbol "NMAX" on the New York Stock Exchange in the first quarter of 2025. In November 2024, Newsmax offered preferred stock to accredited investors in an effort to raise $100 million. On January 25, 2025, the offering was extended to $200 million, surpassing $220 million by March 2025. The company made its stock market debut on March 31, 2025. The shares, priced at $10 in the IPO, closed their first trading day at $83.51, an increase of over 700%. The shares closed their second day of trading at $234—with a market capitalization of almost $30 billion, surpassing that of Fox Corporation.

Newsmax's stock price declined 77.5% on April 2 and closed at $52.71. Financial commentators described the rapid rise and fall of Newsmax's stock price as the trajectory of a meme stock, and some traders compared Newsmax to GameStop in online discussions, referencing the 2021 GameStop short squeeze.

From Wikipedia’s article on Newsmax Media, shared under CC BY-SA 4.0.7

Leadership

Who has led Newsmax Media, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Christopher Ruddy2025

Chief financial officer

  1. Darryle Burnham2025–now

Chief operating officer

  1. Andrew Allen Brown2025
200020052010201520202025
Board members and other officers (5)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorChristopher N. Cox named Jun 20, 202421

Subsidiaries and ownership

Also owns

  • Newsmax
  • Newsmax TV

Subsidiaries (Exhibit 21)

  • Crown Atlantic Insurance, LLC Florida8
  • Humanix Publishing, LLC Florida8
  • Medix Health LLC Florida8
  • Newsmax Broadcasting, LLC Florida8
  • Newsmax Markets LLC Florida8
  • Newsmax Media, Inc. Florida8
  • Newsmax Radio LLC Florida8
  • ROI Media Strategies, LLC Florida8

From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Aug 13, 20268-K Results of operations; Regulation FD disclosure22
  2. May 20, 20268-K Shareholder vote23
  3. May 14, 20268-K Results of operations; Regulation FD disclosure24
  4. Mar 26, 20268-K Results of operations; Regulation FD disclosure25
  5. Mar 23, 20268-K Executive or director change; Regulation FD disclosure26
  6. Nov 13, 20258-K Results of operations; Regulation FD disclosure27
  7. Aug 22, 20258-K Executive or director change; Regulation FD disclosure28
  8. Aug 20, 20258-K Results of operations29
  9. Aug 18, 20258-K Other events30
  10. Jun 11, 20258-K Executive or director change; Regulation FD disclosure31
  11. May 29, 20258-K Other events32
  12. May 15, 20258-K Results of operations33
  13. Mar 31, 2025Went public Listed on NYSE1
  14. Mar 28, 2025New chief executive Christopher Ruddy becomes CEO14
  15. 1998Founded Founded1

Calendar

Coming up

  1. Nov 12, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.04) a share, on Nov 13, 2025.34

When it reported results

  1. Aug 13, 2026Reported quarterly or annual results22
  2. May 14, 2026Reported quarterly or annual results24
  3. Mar 26, 2026Reported quarterly or annual results25
  4. Nov 13, 2025Reported quarterly or annual results27
  5. Aug 20, 2025Reported quarterly or annual results29
  6. May 15, 2025Reported quarterly or annual results33

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

99 filings to the SEC since October 2021: 3 annual reports, 5 quarterly reports, 15 major events, 35 insider forms, 3 large holders, 2 private raises, 36 other. The latest 20:

  1. Sep 29, 20264 PRIMARY DOCUMENT EDGAR
  2. Sep 23, 20264 PRIMARY DOCUMENT EDGAR
  3. Sep 23, 20264 PRIMARY DOCUMENT EDGAR
  4. Sep 16, 20264 PRIMARY DOCUMENT EDGAR
  5. Sep 14, 20264 PRIMARY DOCUMENT EDGAR
  6. Sep 3, 20264 PRIMARY DOCUMENT EDGAR
  7. Sep 2, 20264 PRIMARY DOCUMENT EDGAR
  8. Aug 31, 20264 PRIMARY DOCUMENT EDGAR
  9. Aug 26, 20264 PRIMARY DOCUMENT EDGAR
  10. Aug 13, 202610-Q EDGAR
  11. Aug 13, 20268-K EDGAR
  12. May 21, 20264 EDGAR
  13. May 21, 20264 EDGAR
  14. May 21, 20264 EDGAR
  15. May 21, 20264 EDGAR
  16. May 21, 20264 EDGAR
  17. May 21, 20264 EDGAR
  18. May 20, 20268-K EDGAR
  19. May 14, 202610-Q EDGAR
  20. May 14, 20268-K EDGAR

The 99 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

13 open-market trades by officers, directors and large owners since October 2021: 0 buys and 13 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 25, 2026CONYERS INVESTMENTS LLC10% ownerSale2,191$11.05$24.2KForm 4
Sep 24, 2026CONYERS INVESTMENTS LLC10% ownerSale441$11.02$4.9KForm 4
Sep 23, 2026CONYERS INVESTMENTS LLC10% ownerSale350$11.03$3.9KForm 4
Sep 22, 2026CONYERS INVESTMENTS LLC10% ownerSale22,000$11.07$243.5KForm 4
Sep 21, 2026CONYERS INVESTMENTS LLC10% ownerSale14,251$11.02$157.0KForm 4
Sep 15, 2026CONYERS INVESTMENTS LLC10% ownerSale49,588$11.15$552.9KForm 4
Sep 14, 2026CONYERS INVESTMENTS LLC10% ownerSale282,063$11.55$3.3MForm 4
Sep 11, 2026CONYERS INVESTMENTS LLC10% ownerSale288$11.70$3.4KForm 4
Sep 10, 2026CONYERS INVESTMENTS LLC10% ownerSale24,448$11.03$269.7KForm 4
Sep 3, 2026CONYERS INVESTMENTS LLC10% ownerSale49,600$11.07$549.1KForm 4
Sep 2, 2026CONYERS INVESTMENTS LLC10% ownerSale53,500$11.03$590.1KForm 4
Aug 28, 2026CONYERS INVESTMENTS LLC10% ownerSale13,350$11.04$147.4KForm 4
Aug 21, 2026CONYERS INVESTMENTS LLC10% ownerSale32,416$11.02$357.2KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Darryle BurnhamChief Financial Officer61$358.2K$1.1M38
2025Christopher RuddyChief Executive Officer61$400.8K$894.1K38
2025Andrew BrownChief Operating Officer56$182.7K$283.9K38
2024Christopher RuddyChief Executive Officer61$373.1K$913.5K38
2024Darryle BurnhamChief Financial Officer61$357.0K$489.5K38
2024Andrew BrownChief Operating Officer56$175.4K$209.1K38

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Jun 20, 2024Filed a private offering of equity Form D: $225 million offered in all Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.2,820,412$23.4M0.0%+290,463
Vanguard Capital Management LLC1,464,021$12.1M0.0%New
Aqr Capital Management LLC1,342,361$11.1M0.0%+910,270
State Street Corp775,355$6.4M0.0%+97,064
Geode Capital Management, LLC640,104$5.3M0.0%+53,165
Goldman Sachs Group Inc549,227$4.5M0.0%−449,339
Vanguard Portfolio Management LLC487,692$4.0M0.0%+214,730
Citadel Advisors LLC365,833$3.0M0.0%+201,480
Millennium Management LLC306,914$2.5M0.0%New
Northern Trust Corp286,320$2.4M0.0%+34,718
Point72 Asset Management, L.P.205,413$1.7M0.0%New
Morgan Stanley182,219$1.5M0.0%+59,548
Ieq Capital, LLC179,276$1.5M0.0%+109,604
LPL Financial LLC176,163$1.5M0.0%−76,546
Denver PWM, LLC107,741$1.2M0.4%No change
Creative Planning136,696$1.1M0.0%+41,148
XTX Topco Ltd129,892$1.1M0.0%+60,337
Charles Schwab Investment Management Inc123,456$1.0M0.0%+11,935
UBS Group AG107,070$886.5K0.0%−1,807
Osaic Holdings, Inc.104,526$865.5K0.0%+3,615
Trexquant Investment LP101,702$842.1K0.0%New
Bank of New York Mellon Corp98,354$814.4K0.0%−12,421
Vanguard Fiduciary Trust Co87,132$721.5K0.0%+68,919
Swiss National Bank85,700$709.6K0.0%New
Cerity Partners LLC82,804$685.6K0.0%+58,923

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Newsmax Media is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNewsmax Inc.2
  • CIK0002026478
  • Employer ID (EIN)99-260030813
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company13
  • Incorporated inFlorida13
  • Industry code (SIC)4833 Television Broadcasting Stations2
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance2
  • Business address750 Park Of Commerce Drive, Suite 100, Boca Raton, FL 334872
  • Phone(561) 686-11652
  • Shares outstanding39,239,297 Common Class A shares; 89,899,158 Common Class B shares as of Mar 19, 202613
  • AuditorBDO USA, P.C., Miami, Florida PCAOB ID 243; no auditor attestation of internal control over financial reporting13
  • On EDGAR sinceJun 11, 20242
  • Filings99 in all: 4 (23), 8-K (15), 3 (12), CORRESP (7), 10-Q (5), UPLOAD (3), 1-A/A (2), 10-K (2)2
    All 31 form types

    253G1 (2), 424B3 (2), EFFECT (2), QUALIF (2), S-1 (2), S-1/A (2), SCHEDULE 13G (2), 1-A (1), 1-A POS (1), 10-K/A (1), 8-A12B (1), ARS (1), CERT (1), D (1), D/A (1), DEF 14A (1), DEFA14A (1), DOS (1), DOS/A (1), DOSLTR (1), NT 10-Q (1), S-8 (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (10-K) Mar 26, 2026
    Quarterly report (10-Q) Aug 13, 2026
    Proxy statement (DEF 14A) Mar 27, 2026
    Latest 8-K (8-K) Aug 13, 2026

Securities registered for trading

ClassSymbolExchange
Class B Common Stock, par value $0.001 per shareNMAXNew York Stock Exchange, LLC

From the cover page of the 10-K filed Mar 26, 2026 (Section 12(b) of the Exchange Act).13

Risk factors and legal proceedings

The risks Newsmax Media names in Item 1A of its 10-K filed Mar 26, 2026: 61 risks under these headings, as written.13

  • Risks Related to Our Business, Operations and Our Industry
  • We have incurred losses in prior periods, may not be profitable in the future, and our plans to maintain and increase liquidity may not be successful.
  • Changes in consumer behavior and evolving technologies and distribution platforms may adversely affect the Company’s business, financial condition and results of operations.
  • Declines in advertising expenditures could cause the Company’s revenues and operating results to decline significantly in any given period or in specific markets.
  • Advertising revenue is largely dependent on audience measurement, which can be difficult to measure.
  • Seasonal fluctuations in advertising activity could have a material impact on our revenue, cash flow and operating results.
  • Because Newsmax Media derives a significant portion of its revenues from a limited number of distributors, the failure to enter into or renew affiliation and carriage agreements on favorable terms, or at all, could have a material adverse effect on the Company’s business, financial condition or results of operations.
  • Changes to Newsmax Media’s existing content and services could fail to attract traffic, viewers and advertisers or fail to generate revenue.
  • Newsmax Media’s businesses operate in a highly competitive industry.
  • The levels of our traffic and engagement with our brands and content are critical to Newsmax Media’s success.
  • The inability to renew programming rights on sufficiently favorable terms, or at all, could cause Newsmax Media’s advertising and affiliate fee revenues to decline significantly in any given period or in specific markets.
  • Acceptance of Newsmax Media’s content by the public is difficult to predict, which could lead to fluctuations in revenues.
The other 50 risks
  • Damage to our brand or reputation could have a material adverse effect on our business, financial condition and results of operations.
  • The Company’s strategic investments in new businesses, products, services and technologies presents many risks, and the Company may not realize the financial and strategic goals it had contemplated, which could adversely affect its business, financial condition and results of operations.
  • We face risks, such as unforeseen costs and potential liability in connection with content we acquire, produce, license and/or distribute through our service.
  • Newsmax Media’s future growth depends in part on the acceptance and growth of OTT advertising and OTT advertising platforms.
  • If the rate of decline in the number of subscribers to traditional MVPD services increases or these subscribers shift to other services or bundles that do not include Newsmax TV, there may be a material negative effect on Newsmax Media’s affiliation revenues once established.
  • The Company’s success depends on its ability to improve and scale its technical and data infrastructure and respond and adapt to changes in technology and consumer behavior.
  • Newsmax Media relies on a number of partners to make its service available on their devices.
  • Newsmax Media’s traffic growth, engagement, and monetization depend in part upon effective operation within and compatibility with operating systems, networks, devices, web browsers and standards, including mobile operating systems, networks, and standards that it does not control.
  • New technologies have been developed that are able to block certain online advertisements or impair Newsmax Media’s ability to serve advertising, which could harm its operating results.
  • A financial crisis or deterioration in general economic, business or industry conditions could materially adversely affect our results of operations and financial condition.
  • The loss of key personnel, including talent, could disrupt the management or operations of the Company’s business and adversely affect its revenues.
  • The Company could suffer losses due to asset impairment charges for up-front costs related to programming.
  • Adverse publicity or negative public perception regarding particular ingredients or products or the nutraceuticals industry in general could adversely affect the financial performance of those portions of the Company’s nutraceuticals business, Medix Select.
  • The nutraceuticals industry is highly competitive, and Medix Select’s failure to compete effectively could adversely affect its market share, financial condition, and future growth.
  • Any interruption to Medix Select’s distribution channels for its planned products or in its warehousing facilities could adversely affect its sales and results of operations.
  • The purchase of many of Medix Select’s nutraceutical products are discretionary and may be negatively impacted by adverse trends in the general economy and make it more difficult for Medix Select to generate revenues.
  • Medix Select is subject to inherent risks relating to product liability and personal injury claims, its quality control processes may fail to detect issues in the ingredients used in its products and the Company’s product liability insurance may be insufficient to cover possible claims against us which would adversely affect operating results.
  • Newsmax Inc.’s principal asset is its ownership interest in Newsmax Media and the revenue generated by such asset may not be sufficient to pay our expenses or dividends or make distributions or loans to enable us to pay dividends on our capital stock.
  • We invest our cash on hand in various financial instruments which are subject to risks that could adversely affect our business, results of operations, liquidity and financial condition.
  • Risks Related to Cybersecurity, Piracy, Privacy and Data Protection
  • The degradation, failure or misuse of the Company’s network and information systems and other technology could cause a disruption of services or improper disclosure of personal data or other confidential information, resulting in increased costs, liabilities or loss of revenue.
  • Technological developments may increase the threat of content piracy and signal theft and limit the Company’s ability to protect their intellectual property rights.
  • The Company is subject to complex laws, regulations, rules, industry standards, and contractual obligations related to privacy and personal data protection, which are evolving, inconsistent and potentially costly.
  • Security breaches and other network and information systems disruptions could affect our ability to conduct our business effectively and damage our reputation.
  • The Company is subject to payment processing risk.
  • Defects, delays or interruptions in the cloud-based hosting services we utilize could adversely affect the Company’s reputation and operating results.
  • Risks Related to Legal and Regulatory Matters
  • Changes in U.S. communications laws or other regulations, including restrictions on programming and content, may have an adverse effect on the Company’s business, financial condition and results of operations.
  • The Company could be subject to significant tax liabilities and our ability to use our net operating loss (“NOL”) carryforwards and certain other tax attributes may be limited.
  • An “ownership change” could limit our ability to utilize tax loss and credit carryforwards to off set future taxable income.
  • Newsmax Media and its Subsidiaries may be, and in the past have been, subject to unfavorable litigation that could require it to pay significant amounts, lead to onerous operating procedures or have a material adverse effect on the Company’s financial position, results of operations and cash flows.
  • Failures to comply with or changes in U.S. or foreign laws or regulations may have an adverse effect on the Company’s business, financial condition or results of operations.
  • Risks Related to Intellectual Property
  • The Company’s business may suffer if the Company cannot protect its intellectual property.
  • The Company has been, and may be in the future, subject to claims of intellectual property infringement that could adversely affect its business.
  • The Company’s business involves risks of liability claims for content of material, which could adversely affect its business, results of operations and financial condition.
  • Risks Related to our Securities
  • Future sales and issuances of our securities could result in dilution of the percentage ownership of our stockholders.
  • There is no guarantee you will have a positive return on your investment.
  • Newsmax Inc. does not intend to pay cash dividends on its capital stock in the foreseeable future.
  • Newsmax Inc. may issue shares of preferred stock that would have a liquidation preference to its common stock.
  • A majority of Newsmax Inc.’s voting stock is owned by a small number of owners.
  • We cannot predict the effect our dual-class structure may have on the price of our securities.
  • Newsmax Inc. is a “controlled company” within the meaning of the rules of the NYSE and, as a result, qualifies for and relies on exemptions from certain corporate governance requirements.
  • NYSE may delist our Class B Common Stock from trading on its exchange, which could limit investors’ ability to make transactions in our shares and subject us to additional trading restrictions.
  • The market price of our Class B Common Stock may be volatile and fluctuate substantially, which could result in substantial losses.
  • We have previously granted anti-dilution rights in the form of preemptive rights to certain holders of our capital stock.
  • Future sales of our Class B Common Stock may cause the market price of our Class B Common Stock to drop significantly, even if our business is doing well.
  • Our Amended and Restated Articles of Incorporation and Amended and Restated Bylaws have anti-takeover effects that could discourage, delay or prevent a change in control, which may cause our stock price to decline.
  • Our Amended and Restated Articles of Incorporation designate the courts located in Palm Beach County as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputed with us or our directors, officers, employees or agents.
  • General Risk Factors
  • If securities or industry analysts do not publish research or reports, or publish unfavorable research or reports about our business, our stock price and trading volume may decline.
  • We will incur increased costs as a result of being a public reporting company, and our board of directors will be required to devote substantial time to oversight of new compliance requirements and corporate governance practices.
  • We are currently scaling our accounting and IT cybersecurity functions to align with the rigorous requirements of public reporting. This expansion involves the recruitment of additional personnel with specialized public company expertise and the continued investment of financial resources to ensure our disclosure and compliance infrastructure remains comprehensive.
  • We have identified material weaknesses in our internal control over financial reporting. If we are unable to remediate these material weaknesses, or if we identify additional material weaknesses in the future or otherwise fail to maintain effective internal control over financial reporting, we may not be able to accurately report our financial condition, results of operations or cash flows.

Legal proceedings

The Company is subject from time to time to a number of lawsuits, including claims relating to competition, intellectual property rights, alleged libel or defamation, employment and labor matters, personal injury and property damage, free speech, customer privacy, regulatory requirements, and advertising, marketing and selling practices. Except as set forth below, the Company is currently not aware of any legal proceedings or claims that will have, individually or in the aggregate, a material adverse effect on the Company’s business, financial condition or operating results. For more information, see “Risk Factors – Risks Related to Legal and Regulatory Matters”.

On August 15, 2025, Newsmax Media, Inc. and Newsmax Broadcasting, LLC entered into a settlement agreement with Dominion Voting Systems, Inc. and certain of its affiliates (“Dominion”), pursuant to which such parties agreed to resolve the lawsuit among them for a total amount of $67.0 million to be paid in three installments: (1) $27.0 million paid in August 2025; (2) $20.0 million paid in January 2026; and (3) $20.0 million on or before January 15, 2027.

The opening of Item 3, Legal Proceedings.13

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
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    SEC EDGAROther events
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