Newsmax Inc. (NMAX)

Newsmax Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Net Income	-99.5	-72.17	-41.78
Depreciation & Amortization	6.33	6.17	3.67
Stock-Based Compensation	11.96	-	-
Other Adjustments	10.26	12.88	29.73
Change in Receivables	-4.97	-6.55	-5.79
Changes in Inventories	-0.23	2.04	-0
Changes in Accounts Payable	1.92	-5.09	4.5
Changes in Accrued Expenses	1.72	7.4	1.16
Changes in Unearned Revenue	-0.74	-1.48	3.83
Changes in Other Operating Activities	-31.21	8.11	0.85
Operating Cash Flow	-104.45	-48.69	-3.83
Capital Expenditures	-2.65	-1	-0.92
Purchases of Investments	-148.95	-57.43	-
Proceeds from Sale of Investments	98.47	-	6.31
Investing Cash Flow	-53.12	-58.43	5.4
Short-Term Debt Issued	-	-	0.5
Short-Term Debt Repaid	-	-0.5	-
Net Short-Term Debt Issued (Repaid)	-	-0.5	0.5
Issuance of Common Stock	75.44	-	-
Net Common Stock Issued (Repurchased)	75.44	-	-
Issuance of Preferred Stock	80.74	125.82	-
Net Preferred Stock Issued (Repurchased)	80.74	125.82	-
Common Dividends Paid	-0.92	-	-
Other Financing Activities	-1.31	-0.19	-0.07
Financing Cash Flow	153.96	125.13	0.43
Net Cash Flow	-3.62	18.02	1.99
Free Cash Flow	-107.11	-49.68	-4.75
FCF Margin	-56.59%	-29.05%	-3.51%
Free Cash Flow Per Share	-0.99	-1.21	-0.12
Levered Free Cash Flow	-124.35	-56.51	-28.19
Unlevered Free Cash Flow	-124.71	-53.65	-31.98

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q