Newsmax, Inc.

NMAXNYSECommunication Services● Active

$9.27

+$0.16(+1.76%)

Market Cap$833570896

P/E Ratio—

52W High$17.815

52W Low$5.11

Avg Volume1.7M

Open$9.12

Beta2.92

Free Cash Flow Financials Revenue

Newsmax, Inc. (NMAX) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

NMAX · free cash flow · updated Jun 8, 2026

Core FCF metrics

NMAX · FCF · TTM · margin & CAGR

Free cash flow was −$67.1M for FY2025 (fiscal year ending 2025-12-31), down 35.1% year-over-year The FCF margin was -35.5%.

FY2025 Free Cash Flow−$67.1M▼ -35.1% YoY

Trailing 12M (TTM)−$74.2Mtrailing 4 quarters sum

FCF Margin-35.5%−$67.1M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

NMAX · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$64.5M(3M)−$67.1M▼ 35.1%-35.5%

FY2024−$48.7M(1M)−$49.7M▼ 946.3%-29.1%

FY2023−$3.8M(1M)−$4.7M▲ +64.0%-3.5%

FY2022−$7.3M(6M)−$13.2M—-9.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

NMAX · P/FCF · FCF yield · FCF per share

Newsmax, Inc. (NMAX) reported negative free cash flow of −$0.07B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

NMAX · cash flow statement · operating / investing / financing

For FY2025, Newsmax, Inc. generated −$64.5M in operating cash flow and spent 3M in capital expenditures, yielding −$67.1M in free cash flow.

Operating Activities

−$64.5M

Cash from core business operations

2025-12-31

Investing Activities

−$53.1M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$154.0M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$64.5M) − |CapEx| (3M) = FCF (−$67.1M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Communication Services)

NMAX vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Newsmax, Inc.YOU

NMAX

−$67.1M-35.1%-35.4%

Loss

About Free Cash Flow & Methodology

Newsmax, Inc. (NMAX) reported free cash flow of −$67.1M for FY2025 (fiscal year ending 2025-12-31), down 35.1% year-over-year. The FCF margin was -35.5%.

Newsmax, Inc. has reported negative free cash flow in recent periods, indicating capital expenditures have exceeded operating cash flow. Data available for 4 fiscal years.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

NMAX free cash flow · 8 questions

Newsmax, Inc. free cash flow was −$67.1M for FY2025, down 35.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$74.2M.

NMAX free cash flowNMAX FCFNMAX FCF 2025NMAX free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Newsmax, Inc. · Newsmax, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026