NMAX
Newsmax, Inc.

Newsmax, Inc.NMAX

Communication Services · Broadcasting
7.34USD
-1.08%
Nov 08, 2026
NMAX overview ready
Politically focused news and opinion content distributor to U.S. Audiences
Newsmax is a politically focused television, streaming, and digital-news publisher whose revenue is tied to advertising, distribution/affiliate arrangements, subscriptions, licensing, and audience engagement.
Theme not measured
TV Broadcasting has no leadership state this session.
Price trend is broken
Longer-term context reads new trend, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
Demanding valuation
The price embeds expectations that run ahead of the growth it delivers per turn of revenue multiple.
Unremarkable fundamentals
Primary risk
Dependence on U.S. Political advertising cycles.
Market Nov 6Price action Nov 7Research Oct 13

Conviction Level

Theme Momentum has no canonical measurement for this company — a research-profile dimension, not an input to this score.

PriceAction3.4BusinessPerformance—BusinessQuality—Valuation2.1ThemeMomentum—The latest quarterly filing on record is too old to describe the business today.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
TV Broadcasting — TV Broadcasting has only one or two priced members — no leadership state
Its economic family, Communications & Media, reads Improving (+3.0pp vs SPY) — the family’s reading, not this theme’s.
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads new trend, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$948.0M
Avg Volume (60D)
946.8K
60 sessions
Revenue Growth YoY
+16.5%
Latest quarter
Gross Margin
+39.6%
Operating Margin
-7.4%
Trailing twelve months
Free Cash Flow Yield
-4.0%
Distance from 200DMA
-8.4%
Next Earnings
2026-11-12
P/E
N/M
EV / Sales
4.0x
Market metrics as of Nov 7, 2026

Business Performance

Insufficient evidence

The latest quarterly filing on record is too old to describe the business today.

Latest reported: Q3 FY2025, ended Sep 2025

Business Quality

Not assessed

Not assessed yet — too few fiscal years of filings are on record.

Fundamentals & Valuation

One of the two valuation perspectives says expensive; intrinsic is the dissenting view.
Newsmax, Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of the growth it delivers per turn of revenue multiple.

Company Research

Thesis
Newsmax is a politically focused television, streaming, and digital-news publisher whose revenue is tied to advertising, distribution/affiliate arrangements, subscriptions, licensing, and audience engagement. The story is still emerging, so the exposure is real but early. NMAX has a real, specific exposure to the U.S.
Opportunity
Moderate opportunity
Monetization of politically engaged audiences through advertising, carriage and affiliate fees, subscriptions, streaming, and digital distribution across news and opinion-media platforms.
Key risk
Dependence on U.S. Political advertising cycles.

Economic classification

Loading the economic classification…

Business & Markets

Communication Services · Broadcasting
What they do

Newsmax, Inc. operates as a television broadcaster and multi-platform content publisher in the U.S., producing and licensing news, business, and lifestyle content distributed via cable, satellite, telecom providers, and digital streaming.

How it earns

The company generates revenue primarily through advertising, carriage and affiliate fees, subscriptions, licensing, and digital distribution.

Products & services
Newsmax television channel
Newsmax2 channel
Digital news and streaming content
Customers & end markets
Cable and satellite television providers
Direct-to-consumer digital news audiences
Market position

Niche player focused on politically conservative news and opinion media.

Demand drivers
High cyclicality

Revenue is sensitive to the U.S. Political and advertising cycle impacting audience engagement and advertiser demand.