Newsmax Inc. Files Q2 2025 10-Q

TL;DR

Newsmax Q2 10-Q filed. Financials for H1 2025 vs 2024 out.

AI Summary

Newsmax Inc. filed its 10-Q for the period ending June 30, 2025, reporting on its financial performance. The filing includes details on its business operations, including revenue from services and products, and financial statements for the second quarter and first half of 2025, compared to the same periods in 2024. The company is incorporated in Florida and its principal executive offices are located in Boca Raton.

Why It Matters

This filing provides investors and the public with an update on Newsmax Inc.'s financial health and operational performance for the second quarter of 2025.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing (10-Q) and does not inherently present new risks.

Key Numbers

• Q2 2025 — Reporting Period (Financial performance for the second quarter of 2025 is detailed.)
• 20250630 — End of Period (The 10-Q covers financial data up to this date.)
• 2024-06-30 — Prior Year Period End (Comparative financial data from the previous year is included.)

Key Players & Entities

• Newsmax Inc. (company) — Filer of the 10-Q
• 20250630 (date) — Period of report for the 10-Q
• 20250819 (date) — Filing date of the 10-Q
• 750 PARK OF COMMERCE DRIVE (address) — Business and mailing address of Newsmax Inc.
• BOCA RATON (location) — City of Newsmax Inc.'s principal executive offices
• FL (location) — State of incorporation and principal executive offices

FAQ

Key Financial Figures

• $0.001 — tered Class B Common Stock, par value $0.001 per share NMAX New York Stock Exchange

Filing Documents

• nmax-20250630.htm (10-Q) — 1636KB
• nmax-20241231xexx3111.htm (EX-31.1) — 9KB
• nmax-20241231xexx3121.htm (EX-31.2) — 9KB
• nmax-20241231xexx3211.htm (EX-32.1) — 5KB
• 0002026478-25-000032.txt ( ) — 9430KB
• nmax-20250630.xsd (EX-101.SCH) — 61KB
• nmax-20250630_cal.xml (EX-101.CAL) — 129KB
• nmax-20250630_def.xml (EX-101.DEF) — 320KB
• nmax-20250630_lab.xml (EX-101.LAB) — 781KB
• nmax-20250630_pre.xml (EX-101.PRE) — 583KB
• nmax-20250630_htm.xml (XML) — 1381KB

- Financial Information

Part I - Financial Information 1

Financial Statements

Item 1. Financial Statements 2

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 30

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 43

Controls and Procedures

Item 4. Controls and Procedures 43

- Other Information

Part II - Other Information 45

Legal Proceedings

Item 1. Legal Proceedings 45

Risk Factors

Item 1A. Risk Factors 46

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 46

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 47

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 47

Other Information

Item 5. Other Information 47

Exhibit and Financial Statement Schedules

Item 6. Exhibit and Financial Statement Schedules 48

Signatures

Signatures 49 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INDUSTRY DATA This Quarterly Report on Form 10-Q contains certain forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Any statements in this Quarterly Report on Form 10-Q about our expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and are forward-looking statements. These statements are often, but not always, made through the use of words or phrases such as "may," "should," "believes," "will," "expects," "anticipates," "estimates," "predicts," "potential," "continues" "intends," "plans" and "would" or the negative of these terms or other comparable terminology. For example, statements concerning financial condition, possible or assumed future results of operations, growth opportunities, and plans are all forward-looking statements. Our forward-looking statements are based on a series of expectations, assumptions, estimates and projections about our company, are not guarantees of future results or performance and involve substantial risks and uncertainty. They involve known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance or achievements to differ materially from any results, levels of activity, performance or achievements expressed or implied by any forward-looking statement. We may not actually achieve the plans, intentions or expectations disclosed in these forward-looking statements. Our business and our forward-looking statements involve substantial known and unknown risks and uncertainties, including the risks and uncertainties inherent in our statements regarding: current or future financial performance; management's plans and objectives for future operations; unce

- Financial Information

Part I - Financial Information 1

Financial Statements

Item 1. Financial Statements NEWSMAX INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) June 30, 2025 December 31, 2024 ASSETS Current assets: Cash and cash equivalents $ 33,842,039 $ 24,052,887 Investments 164,052,830 58,310,955 Accounts receivable, net 29,553,260 28,265,721 Inventories, net 1,640,952 1,792,697 Prepaid expenses and other current assets 8,209,833 8,925,294 Total current assets 237,298,914 121,347,554 Property and equipment, net 6,187,097 6,225,617 Right of use asset, operating lease 5,431,334 7,191,606 Other assets 10,282,124 10,698,660 Security deposits 598,319 609,426 Total assets $ 259,797,788 $ 146,072,863 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current liabilities Accounts payable $ 15,729,014 $ 14,670,846 Accrued expenses 7,772,710 9,882,720 Accrued payroll 1,973,340 2,220,872 Accrued distribution 895,071 1,068,366 Deferred revenue 11,511,584 13,652,699 Lease liability, operating lease 3,555,150 3,894,102 Lease liability, finance lease 190,239 199,237 Settlement liability 53,231,010 29,099,265 Warrant liability - 6,499,821 Derivative liability - 41,459,418 Total current liabilities 94,858,118 122,647,346 Long-term liabilities: Deferred revenue, net of current portion 2,926,255 2,835,218 Lease liability, operating lease, net of current portion 2,494,520 4,049,256 Lease liability finance lease, net of current portion 33,933 129,930 Share repurchase liability 5,301,080 - Other long-term liabilities 1,000,000 - Settlement liability, net of current portion 46,330,986 25,477,941 Total liabilities 152,944,892 155,139,691 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 June 30, 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

View Full Filing

View this 10-Q filing on SEC EDGAR