Revenue: As of FY2026 Q1, the actual value is USD 51.66 M, beating the estimate of USD 48.92 M.

EPS: As of FY2026 Q1, the actual value is USD -0.02.

EBIT: As of FY2026 Q1, the actual value is USD -5.81 M.

Financial Overview

Total Revenue

• Total quarterly revenues for Newsmax Inc. were $51.7 million in Q1 2026, marking a 14.0% year-over-year increase compared to $45.3 million in Q1 2025 .
• FY2025 total revenue was $189 million .
• Revenue CAGR (2019-2025) was +28% .

Segment Revenue

• Broadcasting Segment Revenue: Total broadcasting revenues increased by 20.8% year-over-year to $43.7 million in Q1 2026, up from $36.2 million in Q1 2025. This growth was primarily driven by affiliate fee revenue and expanded international licensing agreements . The Broadcast Segment constituted 81% of total revenue in FY2025 .
  • Advertising revenue for Broadcasting was $23.7 million in Q1 2026, a -3.7% decrease from $24.6 million in Q1 2025 .
  • Affiliate fee revenue was $13.0 million in Q1 2026, a 75.2% increase from $7.4 million in Q1 2025 .
  • Subscription revenue for Broadcasting was $3.5 million in Q1 2026, a -5.9% decrease from $3.7 million in Q1 2025 .
  • Licensing revenue was $3.5 million in Q1 2026, a 697.1% increase from $0.4 million in Q1 2025 .
• Digital Segment Revenue: Total Digital revenues decreased by -12.7% year-over-year to $8.0 million in Q1 2026, down from $9.1 million in Q1 2025 . The Digital Segment constituted 19% of total revenue in FY2025 .
  • Advertising revenue for Digital was $3.5 million in Q1 2026, an -18.1% decrease from $4.3 million in Q1 2025 .
  • Subscription revenue for Digital was $3.0 million in Q1 2026, a -10.1% decrease from $3.3 million in Q1 2025 .
  • Product sales revenue was $1.5 million in Q1 2026, a -3.5% decrease from $1.6 million in Q1 2025 .

Operational Metrics

• Net Loss: Newsmax Inc. reported a net loss of - $2.2 million in Q1 2026, a significant improvement from a net loss of - $17.2 million in Q1 2025 .
• Adjusted EBITDA: Quarterly adjusted EBITDA was - $0.4 million in Q1 2026, a decrease of - $0.8 million from $0.4 million reported in Q1 2025 .
• Gross Profit: Gross profit was $19,928,728 in Q1 2026, compared to $19,462,136 in Q1 2025 .
• Loss from Operations: Loss from operations was - $4,469,084 in Q1 2026, an improvement from - $11,572,780 in Q1 2025 .
• General and Administrative Expenses: Total general and administrative expenses were $24,397,812 in Q1 2026, down from $31,034,916 in Q1 2025 .
  • Personnel costs increased to $9,048,634 from $8,013,416 .
  • Advertising costs increased to $5,361,998 from $4,418,454 .
  • Other corporate matters, which were $9,667,603 in Q1 2025, were $0 in Q1 2026 .

Cash Flow and Liquidity

• Net Cash Used in Operating Activities: Net cash used in operating activities was - $2,642,837 in Q1 2026, an improvement from - $15,725,959 in Q1 2025 .
• Net Cash Used in Investing Activities: Net cash used in investing activities was - $594,203 in Q1 2026, compared to - $29,463,622 in Q1 2025 .
• Net Cash Provided by Financing Activities: Net cash provided by financing activities was $2,779 in Q1 2026, a significant decrease from $147,855,388 in Q1 2025 .
• Cash and Investments: Newsmax Inc. ended Q1 2026 with $129.1 million in cash and short-term investments . As of March 31, 2026, cash and cash equivalents were $17,198,760, compared to $20,433,021 as of December 31, 2025 . Short-term investments were $111,896,268 as of March 31, 2026 . Cash and short-term investments were $130 million as of 1Q FY26 .
• Long-Term Debt: Newsmax Inc. reports a debt-free balance sheet and no long-term debt .

Unique Operational Metrics

• Newsmax Inc. delivered a broad first-quarter audience reach of 30.4 million total viewers and 13.3 million Adults 35-64 . The company’s social media followers rose to 24.7 million as of March 31, 2026 . Content offerings expanded, with available titles for World at War / War & Warriors increasing by over 200% .
• Total audience reach for FY25 was over 58 million, ranking Newsmax Inc. #4 among cable news networks .
• Audience growth for 1Q26 versus 4Q25 showed +41% for Adults 35-64 and +22% for Newsmax 2 ALL Key Hours, with total viewers increasing by +29% . Newsmax TV audience reach grew by +8% and Newsmax 2 viewership by +25% from Jan-Sep ‘25 versus ‘24 .
• The company has a pay TV footprint in over 60 million U.S. homes and over 100 million streaming reach on various devices .
• Newsmax App Downloads exceeded 21 million, and Newsmax+ Paid Subscribers were over 268 thousand . Social media followers were approximately 25 million across all platforms, with average monthly users (online/apps) at approximately 7 million .
• Content expansion included 22% news-hour growth for Newsmax 2 and over 200% content increase for Newsmax+, with 300+ new titles for World at War / War & Warriors .
• Affiliate rates per subscriber per month as of December 2025 for Newsmax were $0.39 .

Outlook / Guidance

Newsmax Inc. reaffirmed its full-year 2026 revenue guidance, projecting $212 million to $216 million, representing a 13% year-over-year increase at the midpoint . This growth is expected to be driven by affiliate fee expansion, including rate increases and new distribution channels, alongside licensing partnerships, with political advertising not anticipated to be a significant contributor . The company also anticipates an improved profitability profile due to operating leverage and reduced non-recurring legal and public company transition expenses .