NMAX 8-K

Newsmax Inc. (NMAX)

8-K 2026-08-13 For: 2026-08-13

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Added on August 13, 2026

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Exhibit No.						Description
99.1						Press Release, dated August 13 , 2026
99.2						Investor Relations Deck
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)


Newsmax Inc.

By:			/s/ Darryle Burnham
Name:			Darryle Burnham
Title:			Chief Financial Officer


($ in millions)	Three Months Ended June 30,
	2026		2025		$ Change		% Change
Broadcasting
Advertising	$	24.4	$	26.2	$	(1.8)	(7.0)	%
Affiliate fee	13.4		7.3		6.0		81.9	%
Subscription	3.5		3.8		(0.3)		(7.9)	%
Licensing	4.6		0.7		3.9		563.5	%
Total Broadcasting revenues	$	45.8	$	38.0	$	7.8	20.5	%

Digital
Advertising	$	4.4	$	3.6	$	0.8	21.3	%
Subscription	2.8		3.2		(0.4)		(12.2)	%
Product sales	1.1		1.6		(0.5)		(31.7)	%
Total Digital revenues	$	8.3	$	8.4	$	(0.1)	(1.3)	%
Total Revenues	$	54.1	$	46.4	$	7.7	16.5	%


	June 30, 2026		December 31, 2025
ASSETS
Current assets:
Cash and cash equivalents	$	25,883,741	$	20,433,021
Funds held in escrow	20,000,000		20,000,000
Investments	102,416,053		110,895,693
Accounts receivable, net	41,380,698		33,414,435
Inventories, net	1,900,448		2,027,168
Prepaid expenses and other current assets	10,101,943		8,690,490
Total current assets	201,682,883		195,460,807
Property and equipment, net	7,079,941		6,264,885
Right of use assets	11,250,654		8,823,716
Other assets	10,266,246		9,293,670
Funds held in escrow	-		20,000,000
Total assets	$	230,279,724	$	239,843,078
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable	$	18,120,197	$	16,770,777
Accrued expenses	16,203,731		14,894,949
Deferred revenue	11,259,473		12,599,119
Lease liability	4,265,645		4,062,971
Settlement liability	28,231,170		26,487,028
Share repurchase liability	6,461,320		6,461,320
Total current liabilities	84,541,536		81,276,164
Long-term liabilities:
Deferred revenue, net of current portion	2,836,823		3,148,945
Lease liability, net of current portion	7,313,038		5,292,095
Other long-term liabilities	3,641,667		925,000
Settlement liability, net of current portion	18,764,207		43,152,322
Total liabilities	117,097,271		133,794,526

Stockholders’ equity
Class A common stock, 0.001 par value; 50,000,000 shares authorized; 39,239,297 shares issued and outstanding at par as of June 30, 2026 and December 31, 2025; Class B common stock, 0.001 par value; 940,000,000 shares authorized 89,921,348 and 89,889,822 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively.	129,161		129,129
Additional paid-in capital	440,150,435		433,325,830
Accumulated other comprehensive income	94,548		464,365
Accumulated deficit	(327,191,691)		(327,870,772)
Total stockholders’ equity	113,182,453		106,048,552
Total liabilities and stockholders’ equity	$	230,279,724	$	239,843,078


	For the three months ended				For the six months ended
	June 30,				June 30,
	2026		2025		2026		2025
Revenues:
Service revenue	$	53,052,444	$	44,884,207	$	103,199,226	$	88,619,547
Product revenue	1,063,041		1,555,537		2,574,750		3,121,904
Total revenues	54,115,485		46,439,744		105,773,976		91,741,451

Cost of services	30,006,022		27,758,685		60,767,493		52,407,148
Cost of products sold	775,759		1,039,298		1,744,051		2,230,404
Gross profit	23,333,704		17,641,761		43,262,432		37,103,899

General and administrative expenses:
Personnel costs	8,873,996		8,614,761		17,922,630		16,628,178
Advertising costs	3,928,215		5,941,417		9,290,213		10,359,871


Depreciation	525,142		734,590		1,091,961		1,471,465
Other corporate matters	—		68,437,098		—		78,104,701
Other	8,701,407		10,319,344		18,121,768		18,517,912
Total general and administrative expenses	22,028,760		94,047,210		46,426,572		125,082,127

Income (loss) from operations	1,304,944		(76,405,449)		(3,164,140)		(87,978,228)

Other income (expense), net:
Interest and dividend income	1,310,328		1,802,054		2,654,140		2,856,340
Interest expense	(1,664)		(7,456)		(4,614)		(13,511)
Realized gain on marketable securities	327,476		—		327,476		—
Unrealized gain on marketable securities	271,965		(500,736)		1,250,876		1,084,844
Other, net	(345,758)		(54,342)		(384,657)		(8,342,898)
Total other income (expense), net	1,562,347		1,239,520		3,843,221		(4,415,225)

Net income (loss) before income taxes	2,867,291		(75,165,929)		679,081		(92,393,453)

Income tax expense	—		9,693		—		14,693
Net income (loss)	$	2,867,291	$	(75,175,622)	$	679,081	$	(92,408,146)

Other comprehensive income:
Unrealized (loss) gain on available for sale debt investments, net of income tax	(128,768)		446,778		(369,817)		929,169
Comprehensive income (loss)	$	2,738,523	$	(74,728,844)	$	309,264	$	(91,478,977)

Weighted average common stock outstanding
Basic	128,508,173		128,333,356		128,499,931		86,938,585
Diluted	129,285,724		128,333,356		129,267,846		86,938,585

Net income (loss) per share attributable to common stockholders
Basic	$	0.02	$	(0.59)	$	0.01	$	(1.12)
Diluted	$	0.02	$	(0.59)	$	0.01	$	(1.12)


☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


	2026		2025
Cash flows from operating activities:
Net income (loss)	$	679,081	$	(92,408,146)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	3,051,701		3,089,126
Stock-based compensation	6,674,202		4,994,794
Change in fair value of warrant liability	-		1,824,179
Change in fair value of derivative liability	-		6,104,230
Provision for (recovery of) credit losses	184,140		(266,076)
Realized gain on marketable securities	(327,476)		-
Unrealized gain on marketable securities	(1,105,518)		(1,084,844)
Lease expense	1,898,771		1,788,532
Non-cash expense related to SEPA Agreement	-		500,000
Changes in operating assets and liabilities:
Accounts receivable	(8,150,403)		(1,021,463)
Inventory	126,720		151,745
Prepaid expenses and other current assets	(1,411,453)		(1,226,532)
Funds released from escrow	20,000,000		-
Other asset	(2,932,316)		(1,201,125)
Security deposits	-		11,107
Accounts payable	918,221		314,683
Accrued expenses	1,308,782		(2,530,837)
Lease liabilities	(2,102,092)		(1,921,948)
Settlement liability	(22,643,973)		44,984,790
Other long-term liabilities	2,716,667		1,000,000
Deferred revenue	(1,651,768)		(2,050,078)
Net cash used in operating activities	(2,766,713)		(38,947,863)

Cash flows from investing activities:
Purchase of investments	(2,531,294)		(131,727,862)
Proceeds from maturity of investments	9,735,553		28,000,000
Sale of investments	2,338,557		-
Purchase of property and equipment	(1,379,821)		(689,460)
Net cash provided by (used in) investing activities	8,162,996		(104,417,322)

Cash flows from financing activities:
Proceeds from issuance of convertible preferred stock, net	-		80,742,222
Proceeds from issuance of common stock IPO, net	-		66,659,453
Proceeds from exercise of stock options	150,435		6,707,723
Proceeds from additional stock issuance	-		65,000
Payment of dividend	-		(915,067)
Principal payment under finance lease obligation	(95,997)		(104,995)
Net cash provided by financing activities	54,438		153,154,337
Net change in cash	5,450,720		9,789,152
Cash and cash equivalents – beginning	20,433,021		24,052,887
Cash and cash equivalents – ending	$	25,883,741	$	33,842,039


	2026		2025
Supplemental disclosures of cash flow information:
Operating lease assets obtained in exchange for operating lease liabilities	$	4,102,295	$	28,391
Interest paid	$	-	$	1,829

Non-cash investing transactions:
Property and equipment acquired through accounts payable:	$	431,199	$	743,485
Non-cash financing activities:
Common stock issuance costs reclassified from prepaid expenses	$	-	$	(1,798,989)
Issuance of warrants in connection with the issuance of convertible stock	$	-	$	1,144,976
Accrued dividends payable	$	-	$	38,320
IPO funds receivable in escrow	$	-	$	34,500