Newsmax (NMAX) Operating Expenses (2024 - 2026)
Newsmax's (NMAX) quarterly Operating Expenses came in at $26.0 million in Q4 2025, down 7.1% YoY from $28.0 million in Q4 2024, and up 12.42% on a QoQ basis from $23.2 million in Q3 2025.
Newsmax (NMAX) Operating Expenses (2024 - 2026) Analysis & Trends
Newsmax (NMAX) has 2 years of Operating Expenses data on file, last reported at $26.0 million in Q4 2025.
- Quarterly Operating Expenses fell 7.1% year-over-year to $26.0 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $141.0 million (up 84.0% YoY) and the FY2025 annual result came in at $174.3 million, up 17.91% from the prior year.
- Operating Expenses climbed to $26.0 million in Q4 2025, from $23.2 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $94.0 million in Q2 2025 to a low of -$2.2 million in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Nexstar Media | 5.74 Bn | 5.53 Bn | 1.06 Bn | 1.63 Bn |
| 2 | Newsmax | 1.40 Bn | 1.35 Bn | 23.33 Mn | 22.03 Mn |
| 3 | Gray Media | 480.19 Mn | 304.19 Mn | 270.00 Mn | 703.00 Mn |
| 4 | iHeartMedia | 457.30 Mn | 282.86 Mn | 576.68 Mn | 461.62 Mn |
| 5 | FuboTV | 308.81 Mn | -143.61 Mn | 399.10 Mn | 344.01 Mn |
| 6 | E.W. Scripps | 303.44 Mn | 290.39 Mn | 196.33 Mn | 1.65 Bn |
| 7 | CuriosityStream | 174.02 Mn | 125.62 Mn | 16.93 Mn | 14.07 Mn |
| 8 | Mediaco Holding | 80.93 Mn | 79.13 Mn | -1.26 Mn | 38.86 Mn |
| 9 | Saga Communications | 56.13 Mn | 28.29 Mn | 20.50 Mn | 23.44 Mn |
| 10 | Beasley Broadcast | 36.90 Mn | 30.20 Mn | - | 42.79 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 22.03 Mn |
| Dec 31, 2025 | 26.04 Mn |
| Sep 30, 2025 | 23.16 Mn |
| Jun 30, 2025 | 94.05 Mn |
| Mar 31, 2025 | -2.20 Mn |
| Dec 31, 2024 | 28.02 Mn |
| Sep 30, 2024 | 28.56 Mn |
| Jun 30, 2024 | 21.47 Mn |
| Mar 31, 2024 | -1.40 Mn |