Newsmax Inc. (NMAX) intrinsic value & 10-year financials
Newsmax Inc. (NMAX) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 3 fiscal years revenue grew 10.7% a year to $189.3M, with an average return on invested capital of 172.1%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $8.74
- Market cap
- $945.7M
- Revenue (FY2025)
- $189.3M
- Revenue growth (3-yr CAGR)
- 10.7%
- ROIC (10-yr avg)
- 172.1%
- Free cash flow (FY2025)
- -$107.1M
NMAX 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $189.3M | -$99.5M | -$0.96 | -$107.1M | -52.8% | 299.8% |
| FY2024 | $171.0M | -$72.2M | -$1.95 | -$49.7M | -40.8% | 44.3% |
| FY2023 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Newsmax Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Newsmax Inc. has earned high returns on invested capital, averaging 23.7% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Newsmax Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Newsmax Inc. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-20.29 per share.