Newsmax (NMAX) Operating Expenses (2024 - 2025)
Newsmax (NMAX) reported Operating Expenses of $26.0 million for Q4 2025, down 7.1% on a YoY basis from $28.0 million in Q4 2024, and up 12.42% quarter-over-quarter from $23.2 million in Q3 2025.
Newsmax (NMAX) Operating Expenses (2024 - 2025) Analysis & Trends
Newsmax has reported Operating Expenses for 2 years, with the latest figure at $26.0 million in Q4 2025.
- For the quarter ending Q4 2025, Operating Expenses fell 7.1% year-over-year to $26.0 million; the trailing twelve-month figure through Dec 2025 stood at $141.0 million (up 84.0% YoY), and the FY2025 full-year result was $174.3 million, up 17.91% from the prior year.
- Operating Expenses for Q4 2025 stood at $26.0 million, up from $23.2 million in the prior quarter.
- The five-year high for Operating Expenses was $94.0 million in Q2 2025, with the low at -$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 | 5.40 Bn | 5.00 Bn | -505.00 Mn | 1.13 Bn |
| 2 | FuboTV | 3.40 Bn | 5.32 Bn | 348.72 Mn | 344.01 Mn |
| 3 | Newsmax | 970.61 Mn | 930.17 Mn | 21.36 Mn | 26.04 Mn |
| 4 | iHeartMedia | 620.04 Mn | 488.35 Mn | 509.13 Mn | 426.19 Mn |
| 5 | Gray Media | 389.45 Mn | 130.45 Mn | 213.00 Mn | 687.00 Mn |
| 6 | E.W. Scripps | 307.00 Mn | 223.28 Mn | 206.07 Mn | 492.10 Mn |
| 7 | CuriosityStream | 163.48 Mn | 154.27 Mn | 11.62 Mn | 22.57 Mn |
| 8 | Mediaco Holding | 68.20 Mn | 68.20 Mn | -3.44 Mn | 38.92 Mn |
| 9 | Saga Communications | 55.58 Mn | 25.14 Mn | 17.72 Mn | 22.01 Mn |
| 10 | Beasley Broadcast | 37.03 Mn | 30.60 Mn | - | 42.17 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |