10-Q quarterly report · filed Nov 13, 2025

Newsmax Inc. (NMAX) Q3 2025 10-Q Quarterly Report

Short answer

Newsmax Inc. (NMAX) filed its Q3 2025 10-Q quarterly report on Nov 13, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $45M with net income of −$4M.

Q3 2025 key financials · XBRL

Revenue
$45M
−2.5% QoQ
Net income
−$4M
+94.5% QoQ
Operating margin
-15.9%
Gross margin
35.3%
EPS (diluted)
$0.12
+119.0% QoQ

Source: XBRL data from the Newsmax Inc. (NMAX) Q3 2025 10-Q on SEC EDGAR. USD.

Newsmax Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Q3 revenue $45.3M, up 4.0% YoY from $43.5M
  • Gross margin 35.3% vs 45.4% YoY; net loss $4.1M vs $9.8M
  • Broadcasting best segment: revenue $36.6M, up 10.1%; Digital revenue $8.7M, down 15.6%
  • Broadcasting Adjusted EBITDA $1.1M, down 76.6%; Digital Adjusted EBITDA loss $2.9M
  • Near-term headwinds: digital advertising, publication subscriptions, MVPD declines, rising programming and production costs

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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