Newsmax (NMAX)
Runs conservative news across cable, streaming, digital publishing, newsletters, and audience commerce.
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Runs a U.S.-centered conservative news platform spanning linear cable, free and paid streaming, digital publishing, newsletters, and e-commerce. Revenue comes from advertising, affiliate fees, subscriptions, licensing, and direct audience products, while founder voting control and media-content litigation shape the public-company profile.
Runs a U.S.-centered conservative news platform built around the Newsmax cable channel, Newsmax2, Newsmax+, Newsmax.com, radio and podcast programming, newsletters, Newsmax Magazine, publishing, and audience-commerce products.
The operating model is split between Broadcasting and Digital. Broadcasting sells advertising, affiliate fees, streaming subscriptions, and licensing tied to linear and OTT distribution; Digital monetizes websites, newsletters, print products, e-commerce, and media services tied to Newsmax's owned audience.
Distribution is concentrated in the United States through cable, satellite, telecom, and streaming platforms, with selective international licensing. The business depends on audience reach, distributor access, advertising demand, founder voting control, and exposure to media-content litigation, including a disclosed remaining Dominion settlement obligation.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $148.3M · Total debt $11.6M · Total assets $230.3M · Shareholders' equity $113.2M
- Revenue
- $54.1M
- Operating income
- $1.3M
- Net income
- $2.9M
No dividends on record.
| Institutions | ≈ 28.40% | 36.68M shares | |
|---|---|---|---|
| 243 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 48.22% | 62.28M shares | |
| 2 holders · as of Apr 1, 2025 | |||
| Strategic holders | 32.32% | 41.74M shares | |
| 2 holders · as of Sep 16, 2026 | |||
| Adds to | 108.94% | ||
129.16M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (129.16M in the company's Sep 22, 2026 report, 89.92M elsewhere); stakes use the report.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 108.94%; nothing is left for Other.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Christopher RuddyInsiderdirector, 10 percent owner, officer: Chief Executive Officer | 30.38% | 39.24M A | filed Mar 28, 2025 |
Thomas Peterffy1,2Insider10 percent owner | 17.84% | 23.05M B | filed Apr 1, 2025 |
Greenwich Wealth Management LLCInstitution | 17.65% | 22.80M B | as of Jun 30, 2026 |
Conyers Investments LLCStrategic10 percent owner | 17.03% | 22.00M B | filed Sep 16, 2026 |
Naples Investment Holdco LLCStrategic10 percent owner | 15.28% | 19.74M B | filed May 1, 2025 |
- Thomas Peterffy's transaction reports restate only vehicles that traded; the 2025 ownership statement (23.05M) is used instead.
- Thomas Peterffy reports a block also reported by Greenwich Wealth Management LLC; it is counted once, under Greenwich Wealth Management LLC.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 15, 2026 | Conyers Investments LLC | 10 percent owner | −49,588 | $11.15 |
| Sep 14, 2026 | Conyers Investments LLC | 10 percent owner | −282,063 | $11.55 |
| Sep 11, 2026 | Conyers Investments LLC | 10 percent owner | −289 | $11.70 |
| Sep 10, 2026 | Conyers Investments LLC | 10 percent owner | −24,448 | $11.03 |
| Sep 3, 2026 | Conyers Investments LLC | 10 percent owner | −49,600 | $11.07 |
- Fox Class A
Cable news and digital news rival anchored by FOX News Media
- Warner Bros. Discovery
CNN, HLN and CNN.com overlap in cable and digital news
- Versant Media Group
MS NOW and CNBC parent in political and business cable news
- Nexstar Media Group
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- Comcast
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- New York Times
NYTimes.com overlaps in digital news subscriptions and ads
- News Corp Class A
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- Paramount Skydance
CBS News and CBSNews.com add broadcast, streaming and digital overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Newsmax | $11.13 | +2.30% | $978.3M | — | — | 4.8 | +16.5% |
| Fox Class A | $64.38 | −0.63% | $28.41B | 16.9 | 10.8 | 1.7 | +28.1% |
| Warner Bros. Discovery | $30.82 | +0.06% | $77.22B | — | — | 2.1 | −11.2% |
| Versant Media Group | $33.77 | −2.68% | $4.91B | 6.6 | 7.4 | 0.7 | −3.8% |
| Nexstar Media Group | $167.88 | +1.04% | $5.07B | 31.6 | 5.7 | 0.7 | +62.3% |
| Comcast | $22.56 | −1.64% | $81.37B | 7.4 | 6.5 | 0.7 | −1.2% |
| New York Times | $66.17 | −6.18% | $11.45B | 29.4 | 22.1 | 3.8 | +11.2% |
| News Corp Class A | $29.17 | −1.79% | $16.67B | 28.8 | 21.6 | 1.8 | +10.8% |
| Paramount Skydance | $10.03 | +1.21% | $10.78B | — | 12.1 | 0.4 | +0.9% |
| Median | 22.9 | 10.8 | 1.2 | +5.9% |