Newsmax (NYSE: NMAX), the conservative media company that promotes itself as an alternative to Fox (NASDAQ: FOX) News and ...

The stock tumbled a whopping 77% Wednesday, following a 2,230% surge in Newsmax’s first two days of trading after debuting on the New York Stock Exchange.

On valuation, Newsmax is incredibly expensive, trading with a $2.86 billion market cap, as I write this, while still unprofitable. That values the company at about 17 times 2024 sales.

Weak Financials, Lofty Valuation Newsmax’s initial earnings report as a publicly-traded entity presents a mixed snapshot. In Q1 2025 (ending March), the firm reported $45.3 million in revenue, a ...

Newsmax has a history of producing losses, however. Last year, the company lost $72.2 million compared to losses of $30.4 million and $41.8 million in 2022 and 2023, respectively.

Newsmax faces audience limits, legal risks, and weak profit potential despite a strong cash position and loyal base. Find out why NMAX stock is a sell.