olivLaw · US equity research
Newsmax Inc. NMAX
Television Broadcasting Stations · SIC 4833 · Vertical: Television Broadcasting Stations (SIC 4833)
Newsmax Inc. (NMAX) is a holding company for television and multi-platform publishing whose cable news channel, carried by paid distributors, matters more as audiences move to streaming. Revenue reached about 189.3 million dollars in fiscal 2025, and the second quarter of 2026 brought the company's first quarterly net income since its listing, which could signal a maturing model if the trend holds.
At the close of 04 Nov 2026, Newsmax Inc. (NMAX) stock was 8.14 USD (+1.75% on the day), with beta 1.15, 52-week range 5.16–11.43 USD. Latest reported quarter (Q2 2026): revenue of 54.1 m USD (+16.5% YoY), net income of 2.9 m USD, diluted EPS 0.02 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 34.8
- weak (30–45)
- Bollinger (20, 2)
- 6.91 – 10.46
- in the lower half of the band · %B 0.35 · band width 40.9%
- SMA 50 / 200
- 9.85 / 8.01
- mixed trend
- MACD (12, 26, 9)
- -0.56 / -0.57
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −18.4% | −1.1% | −17.3 pp | — |
| 3 months | −3.2% | −0.5% | −2.8 pp | — |
| 6 months | +35.9% | +4.4% | +31.5 pp | — |
| Year to date | +5.3% | +12.3% | −7.0 pp | — |
| 1 year | −10.7% | +13.5% | −24.3 pp | −3.7% |
| 3 years | unavailable | +76.4% | unavailable | +11.8% |
| 5 years | unavailable | +63.7% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 43.5 m | 47.7 m | 45.3 m | 46.4 m | 45.3 m | 52.2 m | 51.7 m | 54.1 m |
| Gross profit | 19.8 m | 22.6 m | 19.5 m | 17.6 m | 16.0 m | 21.4 m | 19.9 m | 23.3 m |
| Operating income | -8.8 m | -5.4 m | -11.6 m | -76.4 m | -7.2 m | -4.7 m | -4.5 m | 1.3 m |
| Depreciation & amortisation | 1.5 m ≈ | 1.5 m | 1.5 m | 1.5 m ≈ | 1.5 m ≈ | 1.7 m | 1.5 m | 1.5 m ≈ |
| Interest expense | 25.1 k | 18.3 k | 6.1 k | 7.5 k | 5.5 k | 4.2 k | 3.0 k | 1.7 k |
| Pre-tax income | -9.8 m | -6.9 m | -17.2 m | -75.2 m | -4.1 m | -3.0 m | -2.2 m | 2.9 m |
| Income tax | -162 | -20.8 k | 5.0 k | 9.7 k | 55.7 k | -70.4 k | 0 | 0 |
| Net income | -9.8 m | -6.9 m | -17.2 m | -75.2 m | -4.1 m | -3.0 m | -2.2 m | 2.9 m |
| Diluted EPS | -0.29 | -0.17 ≈ | -0.49 | -0.59 | -0.03 | -0.02 ≈ | -0.02 | 0.02 |
| Operating cash flow | -13.8 m ≈ | -27.5 m | -15.7 m | -23.2 m ≈ | -68.1 m ≈ | 2.6 m | -2.6 m | -123.9 k ≈ |
| Capex | 290.0 k ≈ | 498.8 k | 40.8 k | 648.7 k ≈ | 1.1 m ≈ | 867.5 k | 242.9 k | 1.1 m ≈ |
| Dividends paid | 0 ≈ | 0 | 304.9 k | 610.1 k ≈ | 0 ≈ | 2 | 0 | 0 ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2024 | 2025 |
|---|---|---|
| Revenue | 171.0 m | 189.3 m |
| Revenue YoY | unavailable | +10.7% |
| Net income | -72.2 m | -99.5 m |
| Net income YoY | unavailable | unavailable |
| Diluted EPS | -1.95 | -0.96 |
| Diluted EPS YoY | unavailable | unavailable |
| net % | -42.2% | -52.6% |
| Free cash flow | -49.7 m | -107.1 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 20.4 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 106.0 m USD
- Total assets
- 239.8 m USD
- Debt / equity
- unavailable
- Current ratio
- 2.40x
- ROE
- unavailable
- ROA
- -51.6%
- FCF margin
- -56.6%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2024 | 2025 | Source (latest year) |
|---|---|---|---|
| Revenue | 171.0 m | 189.3 m | SEC (XBRL)· 26 Mar 2026verified |
| Gross profit | 78.0 m | 74.4 m | SEC (XBRL)· 26 Mar 2026verified |
| Operating income | -69.8 m | -99.9 m | SEC (XBRL)· 26 Mar 2026verified |
| Depreciation & amortisation | 6.2 m | 6.3 m | SEC (XBRL)· 26 Mar 2026verified |
| EBITDA | -63.6 m ≈ | -93.5 m ≈ | SEC (XBRL)· 26 Mar 2026derived |
| Interest expense | 91.5 k | 23.2 k | SEC (XBRL)· 26 Mar 2026verified |
| Pre-tax income | -72.2 m | -99.5 m | SEC (XBRL)· 26 Mar 2026verified |
| Income tax | 0 | 0 | SEC (XBRL)· 26 Mar 2026verified |
| Net income | -72.2 m | -99.5 m | SEC (XBRL)· 26 Mar 2026verified |
| Diluted EPS | -1.95 | -0.96 | SEC (XBRL)· 26 Mar 2026verified |
| Weighted average diluted shares | 41.1 m | 108.2 m | SEC (XBRL)· 26 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2024 | 2025 | Source (latest year) |
|---|---|---|---|
| Cash | 24.1 m | 20.4 m | SEC (XBRL)· 26 Mar 2026verified |
| Receivables | 28.3 m | 33.4 m | SEC (XBRL)· 26 Mar 2026verified |
| Inventories | 1.8 m | 2.0 m | SEC (XBRL)· 26 Mar 2026verified |
| Current assets | 121.3 m | 195.5 m | SEC (XBRL)· 26 Mar 2026verified |
| Total assets | 146.1 m | 239.8 m | SEC (XBRL)· 26 Mar 2026verified |
| Accounts payable | 14.7 m | 16.8 m | SEC (XBRL)· 26 Mar 2026verified |
| Current liabilities | 122.6 m | 81.3 m | SEC (XBRL)· 26 Mar 2026verified |
| Total liabilities | 155.1 m | 133.8 m | SEC (XBRL)· 26 Mar 2026verified |
| Equity | -137.6 m † | 106.0 m † | SEC (XBRL)· 26 Mar 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2024 | 2025 | Source (latest year) |
|---|---|---|---|
| Operating cash flow | -48.7 m | -104.5 m | SEC (XBRL)· 26 Mar 2026verified |
| Capex | 996.3 k | 2.7 m | SEC (XBRL)· 26 Mar 2026verified |
| Free cash flow | -49.7 m ≈ | -107.1 m ≈ | SEC (XBRL)· 26 Mar 2026derived |
| Investing cash flow | -58.4 m | -53.1 m | SEC (XBRL)· 26 Mar 2026verified |
| Financing cash flow | 125.1 m | 154.0 m | SEC (XBRL)· 26 Mar 2026verified |
| Dividends paid | 0 | 915.1 k | SEC (XBRL)· 26 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 3 of at least 6
- score weight coverage: 16.7% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: unavailable
Key indicators
Coverage and freshness
Score by group
17% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · input data missing
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 3 of at least 6; score weight coverage: 16.7% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -3.2% | 20 (vs peers) | 38% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -1,054.0x | 0 (on a fixed band) | 38% |
| Current ratio · Balance sheet | 2.4x | 100 (on a fixed band) | 25% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet40/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partial20/100 · 1/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
NEWSMAX INC. (NMAX). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 189.3 m USD in 2025; YoY growth 10.7%; net margin -3.2%; ROE -5.8%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 3 of at least 6; score weight coverage: 16.7% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 2.4x
What contradicts it
- Net margin: -3.2%
- Interest coverage: -1,054.0x
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Television Broadcasting Stations (SIC 4833) · same industry (4-digit SIC) · compared with 11 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| PSKYSkydance Corp | 10.5 bn | — | — | — | −1.5% | unavailable / unavailable |
| NXSTNexstar Media Group, Inc. | 5.7 bn | 34.0 | 8.3% | 3.2% | −8.5% | −4% / +30% |
| FOXFox Corporation | 62 | 13.0 | 16.8% | 11.6% | +5.1% | +6% / +123% |
| GTNGray Media, Inc. | — | — | -1.2% | -0.8% | −15.1% | +1% / −36% |
| SSPThe E.w. Scripps Company | — | — | -174.7% | -58.0% | −14.3% | −9% / −45% |
| FWONALiberty Media Corporation | — | — | 5.4% | 9.4% | +22.7% | +4% / +59% |
| VSNTVersant Media Group, Inc. | — | — | 9.0% | 11.1% | −5.3% | unavailable / unavailable |
| EVCEntravision Communications Corporation | — | 710.6 | 4.8% | 0.6% | +22.6% | +162% / +83% |
| NMAXNewsmax Inc. | — | — | -5.8% | -3.2% | +10.7% | −11% / unavailable |
| SBGISinclair, Inc. | — | 10.2 | 25.4% | 2.8% | −10.7% | −11% / +12% |
| TVGrupo Televisa, S.A.B. | — | — | -7.5% | -13.3% | −6.0% | −15% / −29% |
| FENGPhoenix New Media Limited | — | — | 15.4% | 30.2% | −15.8% | −34% / −5% |
1- and 3-year price returns: for NMAX from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Newsmax Inc. (NMAX) is a holding company for television and multi-platform publishing whose cable news channel, carried by paid distributors, matters more as audiences move to streaming. Revenue reached about 189.3 million dollars in fiscal 2025 1, and the second quarter of 2026 brought the company's first quarterly net income since its listing, which could signal a maturing model if the trend holds 3.
SWOT
Strengths
- The company has a large multi-platform audience, wide cable and streaming distribution and a recognised brand in US conservative news 1.
- Growth in affiliate fee and licensing revenue, which carry higher margins, has improved quarterly results 23.
- The company reports no debt, which gives it financial flexibility for investment 3.
Weaknesses
Opportunities
Risks
- Dependence on distributorshigh
If negotiations with distributors fail, the channel could be dropped from packages, reducing audience and revenue 1.
- Advertising volatilityhigh
Advertising revenue can fall during periods of economic uncertainty or after election cycles 12.
- Changing consumer behaviourmedium
A shift of audiences to streaming and social platforms could reduce linear channel viewing 1.
- Content and investment costsmedium
Rising spending on programming and OTT could limit margin improvement if revenue does not grow enough 2.
- Audience measurementlow
The lack of a broadly accepted multi-platform measurement standard may affect advertising prices 1.
Investment thesis
What would need to be true (bull case)
- If affiliate fee and licence growth holds, gross margin could keep improving, as seen in the second quarter of 2026 2.
- Licensing the brand and content to AI companies and international networks could create revenue with limited capital needs 3.
- The reported multi-platform audience and the absence of debt give the company room to invest in content 13.
What would break the thesis
- If advertising keeps declining, revenue growth could slow and full-year guidance could prove hard to reach 23.
- Dependence on a few large distributors exposes the company to negotiation risk and possible loss of carriage 1.
- A history of net losses and rising production costs could leave profitability fragile 12.
What to watch
- Delivery of the 2026 revenue guidance of 212 to 216 million dollars2026
- Development of international licensing revenue and the AI content partnership2026
- Trend of advertising revenue after the election cycleQ4 2026
- New distribution contracts and fee increases with distributorsnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Newsmax Inc. is a holding company that wholly owns Newsmax Media, Inc., whose subsidiaries run the operating businesses 1. The company produces news, opinion and entertainment content for TV channels, digital platforms, radio, podcasts and print, selling advertising and subscriptions. The Newsmax channel is carried by all major pay TV providers, and Newsmax2 is a free streaming (FAST) channel 1. The company listed on the New York Stock Exchange as NMAX on March 31, 2025 1.
Advertising is the main revenue source, at 63.6% of total revenue in fiscal 2025 1, supplemented by affiliate fees paid by distributors, subscriptions (including Newsmax+), e-commerce of supplements and books, and licensing. Revenue has grown sharply over recent years, from 41.8 million dollars in 2020 1.
In 2026 the company signed its first major content partnership with an AI company and expanded international brand licences, and management reiterated full-year revenue guidance 3. The company said it has no debt, which gives it room to keep investing in content 3.
Segments
Market context
The US cable news market has audiences shrinking in traditional pay TV, while viewers of streaming and digital news keep growing 1. Advertising depends on audience measurement, and a broadly accepted standard for multi-platform measurement is not yet established 1. Demand for licensed content from technology companies and international networks creates a new revenue source 3.
Advertising revenue is sensitive to election cycles, and years with presidential and congressional elections typically bring higher demand 1. The company noted that the second quarter of 2025 benefited from election-related demand, which makes year-on-year comparisons harder 2.
Trends
- Shift of audiences to streamingmixed
Consumers are moving from pay TV to SVOD, AVOD and social platforms, which could reduce linear channel audiences and affiliate fee income 1. The company nevertheless sees live news as a valuable part of the pay TV ecosystem 1.
- Expansion of distribution and international licencestailwind
New distribution deals and brand licences in Europe, the Middle East and Latin America have lifted affiliate fee and licensing revenue 12. Management says the licensing model requires minimal capital 3.
- Pressure from advertising and content costsheadwind
Advertising revenue fell in the second quarter of 2026 while production costs and OTT investment rose 2. If content spending grows faster than revenue, operating margins could be affected 2.
- AI content licensing dealsmixed
A first major content partnership with an AI company could open new revenue sources, though its long-term value is not yet clear 3.
Competitive position
Newsmax competes with cable news networks, broadcast networks, streaming platforms and digital and social content for audiences, advertising and distributor carriage 1. Consolidation among distributors and advertising agencies has increased their bargaining power 1.
The company compares itself with cable news networks that have larger audiences and wider distribution; the source cites Fox News, CNN, CNBC and Fox Business with their average affiliate fees per subscriber 1. Because Newsmax audiences are comparable or better in some cases, the company sees room for fee growth 1.
- Fox News
Cable news network with a higher average affiliate fee per subscriber than Newsmax, cited as a reference point in carriage negotiations.
- CNN
Cable news network competing for audience and advertising, cited in the affiliate fee comparison.
- CNBC
Business news channel named in the comparison of affiliate fees per subscriber.
- Fox Business
Business news channel cited as a benchmark in distributor negotiations.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
- De-MAGA-izarea politicii externe româneștiContributors.ro · 04 Nov 2026 · RO
- Here’s who is falling in line for Trump’s “Super Intelligence” loyalty testMIT Technology Review · 03 Nov 2026 · EN
- Mecanismul prin care presa americană anunță rezultatele alegerilor de la jumătatea mandatului. - Vietnam.vnSurge — Google News · 02 Nov 2026 · RO
- Criză politică în Polonia | Președintele Nawrocki acuză o lovitură de stat | Președintele Curții Constituționale a fost demis - Critic AradSurge — Google News · 31 Oct 2026 · RO
- Russian and Ukrainian ombudsmen head to occupied Oleshky on humanitarian mission to deliver aid and evacuate civiliansMeduza English (independent RU/exile) · 30 Oct 2026 · EN
- Oleshky Aid Convoy Ready to Depart as Demining Is CompletedKyiv Post · 29 Oct 2026 · EN
- Care for Alyoshki residents what matters most — US journalistTASS (RU, EN) · 29 Oct 2026 · EN
- Trilateral Delegation Arrives Ahead of Oleshky Aid Delivery as Newsmax Observers Draw ScrutinyKyiv Post · 29 Oct 2026 · EN
- Melania Trump, lăudată de Rusia și Ucraina pentru armistițiul din Oleshky. Delegațiile celor două țări s-au întâlnit față în față, în timp ce atacurile mortale continuă în alte regiuni - Aleph NewsSurge — Google News · 29 Oct 2026 · RO
- Pentagonul l-a concediat pe un important strateg militar. - Vietnam.vnSurge — Google News · 29 Oct 2026 · RO
- Kremlin highlights important role of Russian media in Alyoshki reportingTASS (RU, EN) · 29 Oct 2026 · EN
- Russian human rights commissioner Yana Lantratova says humanitarian aid sent to occupied OleshkyMeduza English (independent RU/exile) · 29 Oct 2026 · EN
- Кремль не беспокоит присутствие в Алешках американских журналистовInterfax Russia (RU) · 29 Oct 2026 · RU
- Russia may use the Oleshky truce to rebuild its forces, ISW warns, as evacuees face a route through Russia and BelarusEuromaidan Press (UA, EN) · 29 Oct 2026 · EN
- Ukraine's human rights commissioner: Ceasefire in Oleshky has lasted 54 hours, humanitarian aid due FridayUkrainska Pravda (UA, EN) · 29 Oct 2026 · EN
- 🇺🇸 🇷🇺 🇺🇦 ⚡️ — Four American journalists from the Newsmax television channel will…Telegram — Intel Slava Z (pro-RU OSINT EN) · 29 Oct 2026 · EN
- Лантратова вместе с иностранными журналистами вылетела в АлешкиKommersant (RU) · 29 Oct 2026 · RU
- Rusia și Ucraina implementează un armistițiu parțial, invitând jurnaliști americani la fața locului. - Vietnam.vnSurge — Google News · 29 Oct 2026 · RO
- Melania Trump confirms Newsmax reporters will serve as observers in AlyoshkiTASS (RU, EN) · 29 Oct 2026 · EN
- США направят четырех журналистов в АлешкиRBC News (RU business+politics) · 29 Oct 2026 · RU
SEC filings
- Quarterly report13 Aug 2026
- Current report13 Aug 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report20 May 2026Shareholder vote · Financial statements and exhibits
- Quarterly report14 May 2026
- Current report14 May 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Proxy statement27 Mar 2026
- Annual report26 Mar 2026
- Current report26 Mar 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report23 Mar 2026Departure or appointment of officers · Regulation FD disclosure · Financial statements and exhibits
- Quarterly report13 Nov 2025
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Newsmax Inc. · 26 Mar 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Newsmax Inc. · 13 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Newsmax Inc. · 13 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.