NMAX
NMAXCommunication ServicesNASDAQBroadcasting · Last scanned Jun 2, 2026
Scan Results
Daily timeframeNMAX operates in the Broadcasting space. Newsmax Inc., through its subsidiaries, operates as a television broadcaster and multi-platform content publisher in the United States. With a market capitalization of $1.12B, it sits in small-cap territory. It operates through two segments, Broadcasting and Digital.
Market Cap
$1.12B
Beta
—
P/E (TTM)
—
P/E (Fwd)
124.29
EPS (TTM)
$-0.49
EPS (Fwd)
$0.07
ROE
-59.4%
ROA
-23.0%
Cash
$129.1M
Total Debt
$8.3M
Free CF
-$60.5M
52W Change
-53.4%
Annual Financials
Cash vs Debt
The balance sheet looks solid with $129.1M in cash comfortably exceeding the $8.3M debt load. A net cash position generally provides financial flexibility during uncertain economic periods. The company is burning cash, with free cash flow at -$60.5M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. ROE of -59.4% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has grown from $135.3M (2023) to $189.3M (2025), reflecting a 40% increase over the period.
With cash comfortably exceeding debt, NMAX has financial flexibility that may help navigate uncertain periods. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. No single metric tells the full story. Reviewing NMAX's risk profile alongside its fundamentals and technical indicators provides a more complete picture.