NMAX — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-13

• Other income, net increased by $0.3 million, or 26.0%, for the three months ended June 30, 2026 compared to the three months ended June 30, 2025. The increase was primarily driven by an increase in unrealized gains on marketable securities offset by decreases in interest and dividend income.

• Broadcasting Segment Adjusted EBITDA increased for the three months ended June 30, 2026, as compared to the three months ended June 30, 2025, mainly due to increases in rates for both affiliate and license revenues.

• Digital Segment Adjusted EBITDA increased for the three months ended June 30, 2026, as compared to three months ended June 30, 2025, due to decreases in cost of revenues and general and administrative expenses.

• The following table sets forth our results of operations data for the six months ended June 30, 2026, as compared to the six months ended June 30, 2025:

• Revenues increased by $14.0 million, or 15.3%, for the six months ended June 30, 2026, compared to the six months ended June 30, 2025. Affiliate fee revenues increased by $11.6 million due to new contractual relationships as well as rate increases which took effect in late 2025 and 2026. Licensing r…

Text removed vs the prior filing · source: 10-Q · 2026-05-14

• Other income (expense), net increased by $7.9 million, or 140.3%, for the three months ended March 31, 2026 compared to the three months ended March 31, 2025. The increase was primarily driven by interest and dividend income as well as a reduction of one-time expenses incurred in 2025 related to bec…

• Broadcasting Segment Adjusted EBITDA increased for the three months ended March 31, 2026, as compared to the three months ended March 31, 2025, primarily due costs of revenues increasing at a faster rate than total revenues.Increases in affiliate fee and licensing revenue were offset by increases in…

• Digital Segment Adjusted EBITDA decreased for the three months ended March 31, 2026, as compared to three months ended March 31, 2025, due to a decrease in advertising and subscription revenues, partially offset by decreases in cost of revenues, further impacted by increases in personnel and marketi…

• We had $17.2 million of cash and cash equivalents and $111.9 million in investments as of March 31, 2026. Our primary sources of liquidity include cash on hand and available-for-sale investments. On August 15, 2025, Newsmax Media, Inc. and Newsmax Broadcasting, LLC entered into a settlement agreemen…

Text added vs the prior filing · source: 10-Q · 2026-08-13

• We had $79.8 million of U.S. Treasury securities and certificates of deposit, classified as investments and available-for-sale securities at June 30, 2026. These securities and certificates of deposit have contractual maturities ranging from 4 to 30 months, having fixed rates ranging from 3.375% to …

• A portion of our investment portfolio consists of marketable equity securities carried at fair value, with changes in fair value recognized in earnings. We had $22.3 million in marketable equity securities as of June 30, 2026, which represented the carrying value of these securities. A hypothetical …

Text removed vs the prior filing · source: 10-Q · 2026-05-14

• A portion of our investment portfolio consists of marketable equity securities carried at fair value, with changes in fair value recognized in earnings. We had $21.6 million in marketable equity securities as of March 31, 2026, which represented the carrying value of these securities. A hypothetical…

Text added vs the prior filing · source: 10-Q · 2026-08-13

• controls and procedures were not effective due to material weaknesses in our internal control over financial reporting described below.

• Because of the material weaknesses described below, management has concluded that the Company’s internal control over financial reporting was not effective as of June 30, 2026. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such tha…

Text removed vs the prior filing · source: 10-Q · 2026-05-14

• Because of the material weaknesses described below, management has concluded that the Company’s internal control over financial reporting was not effective as of March 31, 2026. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such th…

Text added vs the prior filing · source: 10-Q · 2026-08-13

• The following risk factor updates the risk factors previously disclosed in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025. Except as set forth below and in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, there have been no materi…

• Our anticipated transition from non-accelerated filer status to accelerated filer status for our fiscal year end December 31, 2026 10-K will increase our disclosure, reporting, internal control and compliance obligations, require additional resources, and may adversely affect our ability to timely a…

• We currently qualify as an emerging growth company and a non-accelerated filer and are eligible for certain scaled disclosure accommodations and longer filing deadlines. Based on the size of our public float at June 30, 2026 we expect that we may no longer qualify as a non-accelerated filer at Decem…

• The anticipated transition will increase demands on our accounting, finance, legal, information technology, internal audit and other personnel, as well as on our independent registered public accounting firm and external advisors. We expect to incur additional expenses to recruit and retain personne…

Text removed vs the prior filing · source: 10-Q · 2026-05-14

• The following risk updates the risk factors previously disclosed in our most recent Annual Report. Please refer to Part I, Item 1.A Risk Factors in our Annual Report for the year ended December 31, 2025 for other risks related to our business.

• Our continued expansion into international markets through licensing arrangements exposes us to legal, regulatory, commercial, and reputational risks that could adversely affect our business, financial condition and results of operations.

• As we expand internationally through agreements that permit non-U.S. counterparties to distribute, market, or monetize our content and brand, we become increasingly exposed to laws, regulations and government actions in the jurisdictions in which those activities occur. These legal and regulatory re…

• In addition, because we may rely on third-party licensees, distributors, agents or other counterparties in these markets, we may have limited ability to control or monitor full compliance with applicable local legal and regulatory requirements, contractual restrictions, contents, and brand standards…

• Additionally, new or changing laws, regulations or government policies in foreign jurisdictions could require us to modify, restrict or terminate certain international licensing activities, delay market entry, increase compliance, monitoring and enforcement costs, or make certain arrangements commer…