Newsmax Inc.
For the period ended Dec 31, 2025. Filed Mar 26, 2026.
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FY2025 · Filed Mar 26, 2026
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Consolidated Statements of Operations
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
| 2025 | 2024 | |
|---|---|---|
| Revenues | ||
| Service revenue | $182,001,581 | $165,006,126 |
| Product revenue | 7,253,340 | 6,010,329 |
| Total revenues | 189,254,921 | 171,016,455 |
| Cost of services | 110,417,854 | 87,769,267 |
| Cost of products sold | 4,414,694 | 5,252,014 |
| Gross profit | 74,422,373 | 77,995,174 |
| General and administrative expenses | ||
| Personnel costs | 32,937,356 | 25,564,977 |
| Advertising costs | 21,673,886 | 16,872,315 |
| Professional fees | 13,441,528 | 6,714,104 |
| Rent and utilities | 6,003,909 | 5,978,377 |
| Depreciation | 2,789,875 | 3,115,635 |
| Other corporate matters | 78,612,413 | 76,940,693 |
| Other | 18,817,975 | 12,617,313 |
| Total general and administrative expenses | 174,276,942 | 147,803,414 |
| Loss from operations | (99,854,569) | (69,808,240) |
| Other income (expense), net | ||
| Interest and dividend income | 7,038,731 | 580,502 |
| Interest expense | (23,167) | (91,540) |
| Unrealized gain (loss) on marketable securities | 1,594,221 | (290,081) |
| Other, net | (8,250,335) | (2,562,569) |
| Total other income (expense), net | 359,450 | (2,363,688) |
| Net loss before income taxes | (99,495,119) | (72,171,928) |
| Income tax expense | — | — |
| Net loss | $(99,495,119) | $(72,171,928) |
| Other comprehensive income (loss) | ||
| Unrealized gain (loss) on available for sale debt investments, net of income tax | 517,214 | (52,849) |
| Comprehensive loss | $(98,977,905) | $(72,224,777) |
| Weighted average common stock outstanding, basic and diluted | 108,205,893 | 41,065,954 |
| Net loss per share attributable to common stockholders, basic and diluted (1) | $(0.96) | $(1.95) |
(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.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.