Newsmax (NMAX) Operating Expenses (2024 - 2025)
Newsmax (NMAX) posted Operating Expenses of $26.0 million for Q4 2025, up 12.42% on a QoQ basis from $23.2 million in Q3 2025, and down 7.1% year-over-year from $28.0 million in Q4 2024.
Newsmax (NMAX) Operating Expenses (2024 - 2025) Analysis & Trends
Newsmax's Operating Expenses history runs 2 years deep, the most recent figure standing at $26.0 million for 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 was $26.0 million for Q4 2025 at Newsmax, up from $23.2 million in the prior quarter.
- Across five years, Operating Expenses topped out at $94.0 million in Q2 2025 and bottomed 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 | 5.66 Bn | 5.23 Bn | 785.00 Mn | 1.13 Bn |
| 2 | Newsmax | 840.22 Mn | 799.79 Mn | 21.36 Mn | 26.04 Mn |
| 3 | iHeartMedia | 565.51 Mn | 430.46 Mn | 509.13 Mn | 426.19 Mn |
| 4 | Gray Media | 389.45 Mn | 130.45 Mn | 213.00 Mn | 687.00 Mn |
| 5 | E.W. Scripps | 268.40 Mn | 184.68 Mn | 206.07 Mn | 492.10 Mn |
| 6 | FuboTV | 251.35 Mn | -201.06 Mn | 399.10 Mn | 344.01 Mn |
| 7 | CuriosityStream | 140.99 Mn | 107.64 Mn | 11.62 Mn | 22.57 Mn |
| 8 | Mediaco Holding | 83.31 Mn | 80.20 Mn | -3.44 Mn | 38.92 Mn |
| 9 | Saga Communications | 51.99 Mn | 21.56 Mn | 17.72 Mn | 22.01 Mn |
| 10 | Beasley Broadcast | 37.48 Mn | 31.05 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 |