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Midas Edge

Newsmax Inc.

For the period ended Dec 31, 2025. Filed Mar 26, 2026.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 26, 2026

NMAX$7.77+5.9%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

December 31,2025December 31,2024
ASSETS
Current assets
Cash and cash equivalents$20,433,021$24,052,887
Funds held in escrow20,000,000-
Investments110,895,69358,310,955
Accounts receivable, net33,414,43528,265,721
Inventories, net2,027,1681,792,697
Prepaid expenses and other current assets8,690,4908,925,294
Total current assets195,460,807121,347,554
Property and equipment, net6,264,8856,225,617
Right-of-use assets - operating leases8,823,7167,191,606
Other assets8,711,80710,698,660
Security deposits581,863609,426
Funds held in escrow20,000,000-
Total assets$239,843,078$146,072,863
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current liabilities
Accounts payable$16,770,777$14,670,846
Accrued expenses11,837,1679,882,720
Accrued payroll2,826,5952,220,872
Accrued distribution231,1871,068,366
Deferred revenue12,599,11913,652,699
Operating lease liability3,938,0013,894,102
Finance lease liability124,970199,237
Settlement liability26,487,02829,099,265
Share repurchase liability6,461,320-
Warrant liability-6,499,821
Derivative liability-41,459,418
Total current liabilities81,276,164122,647,346
Long-term liabilities
Deferred revenue - non-current3,148,9452,835,218
Operating lease liability - non-current5,287,1344,049,256
Finance lease liability - non-current4,961129,930
Other long-term liabilities925,000-
Settlement liability - non-current43,152,32225,477,941
Total liabilities$133,794,526$155,139,691
December 31,2025 · December 31,2024
Commitments and contingencies (Note 11)
Convertible and redeemable preferred stock, $0.001 par value; 11,034 shares authorized; and 0 and 5,575 shares issued and outstanding as of December 31, 2025 and December 31, 2024$-$128,576,901
Stockholders’ equity (deficit)
Convertible and redeemable preferred stock, $0.001 par value; 60,000 shares authorized; and 0 and 27,612 shares issued and outstanding as of December 31, 2025 and December 31, 2024-86,742,045
Class A common stock, 0.001 par value; 50,000,000 shares authorized; 39,239,297 shares issued and outstanding; Class B common stock, 0.001 par value; 940,000,000 shares authorized; 89,889,822 shares issued and outstanding at December 31, 2025. Class A common stock, 0.001 par value; 50,000,000 Class A shares authorized; 68,127,538 Class A shares issued with 41,065,954 outstanding at December 31, 2024; 940,000,000 Class B shares authorized; 0 Class B shares issued and outstanding at December 31, 2024 (1)129,12910
Treasury stock, 0 and 27,061,584 shares at cost, respectively-(14,622,222)
Additional paid-in capital433,325,83018,056,702
Accumulated other comprehensive income (loss)464,365(52,849)
Accumulated deficit(327,870,772)(227,767,415)
Total stockholders’ equity (deficit)106,048,552(137,643,729)
Total liabilities, convertible and redeemable preferred stock and stockholders’ equity (deficit)$239,843,078$146,072,863

(1)On March 28, 2025, the Company announced a 6,765.396 for 1 stock split, effective March 31, 2025. This stock split is reflected retroactively in all periods presented for the common shares issued and outstanding. See Note 1. Nature of Business.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.