NMAX
Newsmax, Inc.

Newsmax, Inc.NMAX

Communication Services · Broadcasting
11.21USD
+3.03%
Sep 23, 2026
NMAX overview ready
Newsmax is a direct operator of a politically oriented cable-news and digital-media platform, monetizing its audience through advertising, affiliate fees, paid streaming subscriptions, and domestic and international content and brand licensing.
Narrative is still early
Exposed to the Political Media Fragmentation and Audience Realignment narrative through Politically Aligned News and Opinion Audience Monetization — pure play.
Advancing price action
Longer-term context reads new trend, with a near-term setup of daily advance.
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 distribution agreements.
Market Sep 22Price action Sep 22Research Sep 13

Conviction Level

NarrativeHeat3.9ThemeHeat4.0PriceAction8.0Valuation0.6CompanyPosition7.3
Price
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Price Action

Advancing price action
Longer-term context reads new trend, with a near-term setup of daily advance.
EntryConstructive

Structure is constructive on both timeframes without excessive extension — a reasonable entry location.

Key Financials

Market Cap
$928.0M
Avg Volume (60D)
1.2M
60 sessions
Revenue Growth YoY
+16.5%
Latest quarter
Gross Margin
+39.6%
Operating Margin
-7.4%
Trailing twelve months
Free Cash Flow Yield
-4.1%
Distance from 200DMA
+42.3%
Next Earnings
2026-11-13
P/E
N/M
EV / Sales
4.1x
Market metrics as of Sep 22, 2026

Fundamentals & Valuation

Both valuation perspectives agree this company is expensive.
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 direct operator of a politically oriented cable-news and digital-media platform, monetizing its audience through advertising, affiliate fees, paid streaming subscriptions, and domestic and international content and brand licensing.
Opportunity
Limited opportunity
Media platforms monetize politically aligned news and opinion audiences through a mix of television carriage fees, advertising, subscriptions, streaming distribution, brand licensing, and digital engagement as news consumption fragments across cable, social, and direct-to-consumer platforms.
Key risk
Dependence on distribution agreements.

Narrative & Theme

Political Media Fragmentation and Audience Realignment
Part of Politically Aligned News and Opinion Audience Monetization, with moderate fit.
NMAX has a real direct exposure to monetizing politically aligned news audiences, rather than merely broad media-sector exposure. This is a narrow, politically contingent media theme rather than a major market-wide capital-spending or infrastructure narrative.
Narrative HeatCooling3.9 / 10
Theme HeatCooling4.0 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

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 and lifestyle content distributed via cable, satellite, telecom providers, and digital streaming.

How it earns

The company generates revenue primarily through licensing and distribution agreements with cable and satellite operators, as well as digital advertising and subscription services.

Products & services
Newsmax television channel
Newsmax2 television channel
Digital news content and streaming services
Customers & end markets
Cable television providers
Direct broadcast satellite operators
Telecommunication companies
Digital streaming audiences
Market position

Niche broadcaster focused on news and lifestyle content with a growing digital presence.

Demand drivers
Medium cyclicality

Revenue depends on advertising and distribution agreements which can fluctuate with economic cycles and viewer demand.