Newsmax Inc.
NMAX
- Revenue · TTM
- $203M+12.4% YoY
- Gross profit · TTM
- $74.4T+90886677.3% YoY36616802.4% margin
- Operating income · TTM
- —Four comparable prior quarters required for growth
- Free cash flow · TTM
- —Four comparable prior quarters required for growth
About Newsmax Inc.
Newsmax Inc., through its subsidiaries, operates as a television broadcaster and multi-platform content publisher in the United States. It operates through two segments, Broadcasting and Digital. The Broadcasting segment produces and licenses news, business news, and lifestyle content for distribution through cable television systems, direct broadcast satellite operators, and telecommunication companies. This segment also provides programming services through Newsmax and Newsmax2, which offer 24/7 television news and informational programming channels through cable and digital streaming platforms; and World at War that offers 24/7 historical documentaries and movies. The Digital segment offers online advertising services, such as online display, email advertising, other online placements, and print advertisements; subscriptions, including a collection of specialized health and financial newsletters, Newsmax Magazine, and online membership programs; and sells nutraceutical and nonfiction books on political, financial, and health-related topics. Newsmax Inc. was founded in 1998 and is headquartered in Boca Raton, Florida.
Operating metrics
The measures behind the business.
No operating metrics are currently published for this company.
Revenue mix
What the company sells, and where.
Revenue by product
Q1 26 · USD
$630KBooks Media And Other Product Sales
Reported categories are shown independently; no total or percentage is inferred.
Values & sources
| Period | Period end | USD | Source |
|---|---|---|---|
| Supplement Sales · Q1 26 | 2026-03-31 | 1,077,016 | Disclosure Supplement Sales · Q1 26 |
| Subscription And Circulation · Q1 26 | 2026-03-31 | 6,431,365 | Disclosure Subscription And Circulation · Q1 26 |
| License · Q1 26 | 2026-03-31 | 3,487,299 | Disclosure License · Q1 26 |
| Books Media And Other Product Sales · Q1 26 | 2026-03-31 | 629,604 | Disclosure Books Media And Other Product Sales · Q1 26 |
| Affiliate Fee · Q1 26 | 2026-03-31 | 13,010,893 | Disclosure Affiliate Fee · Q1 26 |
| Advertising Services · Q1 26 | 2026-03-31 | 27,217,224 | Disclosure Advertising Services · Q1 26 |
| Supplement Sales · Q2 25 | 2025-06-30 | 1,194,709 | Disclosure Supplement Sales · Q2 25 |
| Subscription And Circulation · Q2 25 | 2025-06-30 | 6,980,040 | Disclosure Subscription And Circulation · Q2 25 |
| Shipping And Handling · Q2 25 | 2025-06-30 | 90,741 | Disclosure Shipping And Handling · Q2 25 |
| Books Media And Other Product Sales · Q2 25 | 2025-06-30 | 964,957 | Disclosure Books Media And Other Product Sales · Q2 25 |
| Affiliate Fee · Q2 25 | 2025-06-30 | 7,343,407 | Disclosure Affiliate Fee · Q2 25 |
| Advertising Services · Q2 25 | 2025-06-30 | 29,865,890 | Disclosure Advertising Services · Q2 25 |
| Supplement Sales · Q1 25 | 2025-03-31 | 1,114,940 | Disclosure Supplement Sales · Q1 25 |
| Subscription And Circulation · Q1 25 | 2025-03-31 | 7,428,423 | Disclosure Subscription And Circulation · Q1 25 |
| Shipping And Handling · Q1 25 | 2025-03-31 | 83,147 | Disclosure Shipping And Handling · Q1 25 |
| Books Media And Other Product Sales · Q1 25 | 2025-03-31 | 805,843 | Disclosure Books Media And Other Product Sales · Q1 25 |
| Affiliate Fee · Q1 25 | 2025-03-31 | 6,982,160 | Disclosure Affiliate Fee · Q1 25 |
| Advertising Services · Q1 25 | 2025-03-31 | 28,887,194 | Disclosure Advertising Services · Q1 25 |
Product growth
Q1 25 to Q1 26
Same fiscal period one year apart.
Values & sources
| Period | Period end | USD | Source |
|---|---|---|---|
| Supplement Sales · Q1 26 | 2026-03-31 | 1,077,016 | Disclosure Supplement Sales · Q1 26 |
| Subscription And Circulation · Q1 26 | 2026-03-31 | 6,431,365 | Disclosure Subscription And Circulation · Q1 26 |
| License · Q1 26 | 2026-03-31 | 3,487,299 | Disclosure License · Q1 26 |
| Books Media And Other Product Sales · Q1 26 | 2026-03-31 | 629,604 | Disclosure Books Media And Other Product Sales · Q1 26 |
| Affiliate Fee · Q1 26 | 2026-03-31 | 13,010,893 | Disclosure Affiliate Fee · Q1 26 |
| Advertising Services · Q1 26 | 2026-03-31 | 27,217,224 | Disclosure Advertising Services · Q1 26 |
| Supplement Sales · Q2 25 | 2025-06-30 | 1,194,709 | Disclosure Supplement Sales · Q2 25 |
| Subscription And Circulation · Q2 25 | 2025-06-30 | 6,980,040 | Disclosure Subscription And Circulation · Q2 25 |
| Shipping And Handling · Q2 25 | 2025-06-30 | 90,741 | Disclosure Shipping And Handling · Q2 25 |
| Books Media And Other Product Sales · Q2 25 | 2025-06-30 | 964,957 | Disclosure Books Media And Other Product Sales · Q2 25 |
| Affiliate Fee · Q2 25 | 2025-06-30 | 7,343,407 | Disclosure Affiliate Fee · Q2 25 |
| Advertising Services · Q2 25 | 2025-06-30 | 29,865,890 | Disclosure Advertising Services · Q2 25 |
| Supplement Sales · Q1 25 | 2025-03-31 | 1,114,940 | Disclosure Supplement Sales · Q1 25 |
| Subscription And Circulation · Q1 25 | 2025-03-31 | 7,428,423 | Disclosure Subscription And Circulation · Q1 25 |
| Shipping And Handling · Q1 25 | 2025-03-31 | 83,147 | Disclosure Shipping And Handling · Q1 25 |
| Books Media And Other Product Sales · Q1 25 | 2025-03-31 | 805,843 | Disclosure Books Media And Other Product Sales · Q1 25 |
| Affiliate Fee · Q1 25 | 2025-03-31 | 6,982,160 | Disclosure Affiliate Fee · Q1 25 |
| Advertising Services · Q1 25 | 2025-03-31 | 28,887,194 | Disclosure Advertising Services · Q1 25 |
Revenue by segment
Quarterly · USD
Stacked periods reconcile exactly to reported revenue. Periods with missing or overlapping categories are left blank.
Values & sources
| Period | Period end | USD | Source |
|---|---|---|---|
| Digital · Q1 26 | 2026-03-31 | 7,956,999 | Disclosure Digital · Q1 26 |
| Broadcasting · Q1 26 | 2026-03-31 | 43,701,492 | Disclosure Broadcasting · Q1 26 |
| Digital · Q4 25 | 2025-12-31 | 9,727,216 | Source unavailable |
| Broadcasting · Q4 25 | 2025-12-31 | 42,513,558 | Source unavailable |
| Digital · Q3 25 | 2025-09-30 | 8,663,648 | Disclosure Digital · Q3 25 |
| Broadcasting · Q3 25 | 2025-09-30 | 36,609,048 | Disclosure Broadcasting · Q3 25 |
| Digital · Q2 25 | 2025-06-30 | 8,410,729 | Disclosure Digital · Q2 25 |
| Broadcasting · Q2 25 | 2025-06-30 | 38,029,015 | Disclosure Broadcasting · Q2 25 |
| Digital · Q1 25 | 2025-03-31 | 9,114,529 | Disclosure Digital · Q1 25 |
| Broadcasting · Q1 25 | 2025-03-31 | 36,187,178 | Disclosure Broadcasting · Q1 25 |
| Digital · Q4 24 | 2024-12-31 | 9,924,234 | Disclosure Digital · Q4 24 |
| Broadcasting · Q4 24 | 2024-12-31 | 37,751,892 | Disclosure Broadcasting · Q4 24 |
Segment growth
Q1 25 to Q1 26
Same fiscal period one year apart.
Values & sources
| Period | Period end | USD | Source |
|---|---|---|---|
| Digital · Q1 26 | 2026-03-31 | 7,956,999 | Disclosure Digital · Q1 26 |
| Broadcasting · Q1 26 | 2026-03-31 | 43,701,492 | Disclosure Broadcasting · Q1 26 |
| Digital · Q4 25 | 2025-12-31 | 9,727,216 | Source unavailable |
| Broadcasting · Q4 25 | 2025-12-31 | 42,513,558 | Source unavailable |
| Digital · Q3 25 | 2025-09-30 | 8,663,648 | Disclosure Digital · Q3 25 |
| Broadcasting · Q3 25 | 2025-09-30 | 36,609,048 | Disclosure Broadcasting · Q3 25 |
| Digital · Q2 25 | 2025-06-30 | 8,410,729 | Disclosure Digital · Q2 25 |
| Broadcasting · Q2 25 | 2025-06-30 | 38,029,015 | Disclosure Broadcasting · Q2 25 |
| Digital · Q1 25 | 2025-03-31 | 9,114,529 | Disclosure Digital · Q1 25 |
| Broadcasting · Q1 25 | 2025-03-31 | 36,187,178 | Disclosure Broadcasting · Q1 25 |
| Digital · Q4 24 | 2024-12-31 | 9,924,234 | Disclosure Digital · Q4 24 |
| Broadcasting · Q4 24 | 2024-12-31 | 37,751,892 | Disclosure Broadcasting · Q4 24 |
Revenue by product
FY 25 · USD
$300KShipping And Handling
Reported categories are shown independently; no total or percentage is inferred.
Values & sources
| Period | Period end | USD | Source |
|---|---|---|---|
| Subscription And Circulation · FY 25 | 2025-12-31 | 27,517,112 | Disclosure Subscription And Circulation · FY 25 |
| Shipping And Handling · FY 25 | 2025-12-31 | 300,000 | Disclosure Shipping And Handling · FY 25 |
| Service Other · FY 25 | 2025-12-31 | 3,553,255 | Disclosure Service Other · FY 25 |
| Product · FY 25 | 2025-12-31 | 7,253,340 | Disclosure Product · FY 25 |
| Affiliate Fee · FY 25 | 2025-12-31 | 30,645,767 | Disclosure Affiliate Fee · FY 25 |
| Advertising Services · FY 25 | 2025-12-31 | 120,285,447 | Disclosure Advertising Services · FY 25 |
| Subscription And Circulation · FY 24 | 2024-12-31 | 26,907,098 | Disclosure Subscription And Circulation · FY 24 |
| Shipping And Handling · FY 24 | 2024-12-31 | 300,000 | Disclosure Shipping And Handling · FY 24 |
| Service Other · FY 24 | 2024-12-31 | 2,308,856 | Disclosure Service Other · FY 24 |
| Product · FY 24 | 2024-12-31 | 6,010,329 | Disclosure Product · FY 24 |
| Affiliate Fee · FY 24 | 2024-12-31 | 26,661,701 | Disclosure Affiliate Fee · FY 24 |
| Advertising Services · FY 24 | 2024-12-31 | 109,128,471 | Disclosure Advertising Services · FY 24 |
Product growth
FY 24 to FY 25
Same fiscal period one year apart.
Values & sources
| Period | Period end | USD | Source |
|---|---|---|---|
| Subscription And Circulation · FY 25 | 2025-12-31 | 27,517,112 | Disclosure Subscription And Circulation · FY 25 |
| Shipping And Handling · FY 25 | 2025-12-31 | 300,000 | Disclosure Shipping And Handling · FY 25 |
| Service Other · FY 25 | 2025-12-31 | 3,553,255 | Disclosure Service Other · FY 25 |
| Product · FY 25 | 2025-12-31 | 7,253,340 | Disclosure Product · FY 25 |
| Affiliate Fee · FY 25 | 2025-12-31 | 30,645,767 | Disclosure Affiliate Fee · FY 25 |
| Advertising Services · FY 25 | 2025-12-31 | 120,285,447 | Disclosure Advertising Services · FY 25 |
| Subscription And Circulation · FY 24 | 2024-12-31 | 26,907,098 | Disclosure Subscription And Circulation · FY 24 |
| Shipping And Handling · FY 24 | 2024-12-31 | 300,000 | Disclosure Shipping And Handling · FY 24 |
| Service Other · FY 24 | 2024-12-31 | 2,308,856 | Disclosure Service Other · FY 24 |
| Product · FY 24 | 2024-12-31 | 6,010,329 | Disclosure Product · FY 24 |
| Affiliate Fee · FY 24 | 2024-12-31 | 26,661,701 | Disclosure Affiliate Fee · FY 24 |
| Advertising Services · FY 24 | 2024-12-31 | 109,128,471 | Disclosure Advertising Services · FY 24 |
Revenue by segment
Yearly · USD
Stacked periods reconcile exactly to reported revenue. Periods with missing or overlapping categories are left blank.
Values & sources
| Period | Period end | USD | Source |
|---|---|---|---|
| Digital · FY 25 | 2025-12-31 | 35,916,122 | Disclosure Digital · FY 25 |
| Broadcasting · FY 25 | 2025-12-31 | 153,338,799 | Disclosure Broadcasting · FY 25 |
| Digital · FY 24 | 2024-12-31 | 40,308,050 | Disclosure Digital · FY 24 |
| Broadcasting · FY 24 | 2024-12-31 | 130,708,405 | Disclosure Broadcasting · FY 24 |
Segment growth
FY 24 to FY 25
Same fiscal period one year apart.
Values & sources
| Period | Period end | USD | Source |
|---|---|---|---|
| Digital · FY 25 | 2025-12-31 | 35,916,122 | Disclosure Digital · FY 25 |
| Broadcasting · FY 25 | 2025-12-31 | 153,338,799 | Disclosure Broadcasting · FY 25 |
| Digital · FY 24 | 2024-12-31 | 40,308,050 | Disclosure Digital · FY 24 |
| Broadcasting · FY 24 | 2024-12-31 | 130,708,405 | Disclosure Broadcasting · FY 24 |
Income statement
From revenue to profit.
Cash flow
Cash generated and cash spent.
Balance sheet
What the company owns and what it owes.
Financial statements
Every published field, with exact amounts and disclosure sources.
View full financial statements
Income Quarterly
| Metric | Q2 20262026-06-30 · USD | Q1 20262026-03-31 · USD | Q4 20252025-12-31 · USD | Q3 20252025-09-30 · USD | Q2 20252025-06-30 · USD | Q1 20252025-03-31 · USD | Q4 20242024-12-31 · USD | Q3 20242024-09-30 · USD |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 54,115,485USD | 51,658,491USD | 52,200,000USD | 45,272,696USD | 46,439,744USD | 45,301,707USD | 45,595,039USD | 43,513,952USD |
| Gross Profit | 23,333,704USD | 19,928,728USD | 74,422,373,000,000USD | 15,960,736USD | 17,641,761USD | 21,667,079USD | 22,813,271USD | 19,762,663USD |
| Total Operating Expenses | 22,028,760USD | 24,397,812USD | — | 23,159,295USD | 94,047,210USD | 33,239,859USD | 29,920,154USD | 28,557,438USD |
| Operating Income | 1,304,944USD | -4,469,084USD | — | -7,198,559USD | -76,405,449USD | -11,572,780USD | -7,106,883USD | -8,794,775USD |
| Total Other Income Expense Net | 1,562,347USD | 2,280,874USD | — | 3,138,889USD | 1,239,520USD | -5,654,745USD | -1,232,937USD | -975,674USD |
| Interest Expense | 1,664USD | 2,950USD | — | 5,455USD | 7,456USD | 6,055USD | 18,311USD | 25,067USD |
| Labor And Related Expense | 8,873,996USD | 9,048,634USD | — | 8,202,407USD | 8,614,761USD | 10,218,359USD | — | — |
| Income Before Tax | 2,867,291USD | -2,188,210USD | — | -4,059,670USD | -75,165,929USD | -17,227,525USD | -8,339,820USD | -9,770,449USD |
| Income Tax Expense | 0USD | 0USD | 70,429,000,000USD | 55,736USD | 9,693USD | 5,000USD | -10,480USD | 162USD |
| Net Income | 2,867,291USD | -2,188,210USD | -2,971,568,000,000USD | -4,115,406USD | -75,175,622USD | -17,232,525USD | -8,329,340USD | -9,770,287USD |
| Net Income Applicable To Common Shares | 2,867,291USD | -2,188,210USD | — | -4,115,406USD | -75,175,622USD | -21,900,328USD | — | — |
| Cost Of Revenue | — | 31,729,763USD | — | 29,311,960USD | 28,797,983USD | 23,634,628USD | 22,781,768USD | 23,751,289USD |
| Interest Income | — | 800,000USD | — | — | — | — | 360,347USD | 166,694USD |
| Selling General Administrative | — | — | — | — | — | 33,239,859USD | 14,914,996USD | 14,914,996USD |
| General And Administrative Expenses | — | — | — | — | — | 33,239,859USD | — | — |
| Selling And Marketing Expenses | — | — | — | — | — | — | 4,263,668USD | 4,215,409USD |
| Unclassified Operating Expenses | — | — | — | — | — | — | 10,741,490USD | 9,427,033USD |
| Net Interest Income | — | — | — | — | — | — | 342,036USD | 141,627USD |
| Tax Provision | — | — | — | — | — | — | -20,798USD | -162USD |
| Net Income From Continuing Ops | — | — | — | — | — | — | -6,888,394USD | -9,770,287USD |
| Ebit | — | — | — | — | — | — | -7,106,883USD | -8,793,840USD |
| Ebitda | — | — | — | — | — | — | -5,597,422USD | -7,284,379USD |
| Depreciation And Amortization | — | — | — | — | — | — | 1,509,461USD | 1,509,461USD |
| Reconciled Depreciation | — | — | — | — | — | — | 1,508,526USD | 1,510,396USD |
| Source | DisclosureDeterministicFinal | DisclosureDeterministicFinal | DisclosurePreliminary | DisclosureDeterministicFinal | DisclosureDeterministicFinal | DisclosureDeterministicFinal | Legacy providerLegacy | Legacy providerLegacy |
Income Yearly
| Metric | FY 20252025-12-31 · USD | FY 20242024-12-31 · USD | FY 20232023-12-31 · USD | FY 20222022-12-31 · USD |
|---|---|---|---|---|
| Total Revenue | 189,254,921USD | 171,016,455USD | 135,276,027USD | 135,311,692USD |
| Cost Of Revenue | 114,832,548USD | 86,968,328USD | 79,455,996USD | 78,937,620USD |
| Gross Profit | 74,422,373USD | 84,048,127USD | 55,820,031USD | 56,374,072USD |
| Total Operating Expenses | 174,276,942USD | 153,856,367USD | 100,915,301USD | 75,848,360USD |
| Operating Income | -99,854,569USD | -69,808,240USD | -45,095,270USD | -19,474,288USD |
| Total Other Income Expense Net | 359,450USD | -2,363,688USD | 3,336,654USD | -442,892USD |
| Interest Income | 600,000USD | 580,502USD | 143,760USD | — |
| Interest Expense | 23,167USD | 91,540USD | 39,461USD | — |
| Labor And Related Expense | 32,937,356USD | — | — | — |
| Income Before Tax | -99,495,119USD | -72,171,928USD | -41,758,616USD | -19,917,180USD |
| Income Tax Expense | 0USD | — | 18,550USD | 19,206USD |
| Net Income | -99,495,119USD | -72,171,928USD | -41,777,166USD | -19,936,386USD |
| Net Income Applicable To Common Shares | -104,162,922USD | — | — | — |
| Selling General Administrative | — | 133,868,417USD | 56,840,794USD | 16,395,216USD |
| Selling And Marketing Expenses | — | 16,872,315USD | 16,981,894USD | 29,867,525USD |
| Unclassified Operating Expenses | — | 3,115,635USD | 27,092,613USD | 29,585,619USD |
| Net Interest Income | — | 488,962USD | 104,299USD | — |
| Tax Provision | — | 0USD | 18,550USD | — |
| Net Income From Continuing Ops | — | -72,171,928USD | -41,777,166USD | — |
| Ebit | — | -72,080,388USD | -41,719,155USD | -19,901,848USD |
| Ebitda | — | -65,907,993USD | -38,045,440USD | -17,341,018USD |
| Depreciation And Amortization | — | 6,172,395USD | 3,673,715USD | 2,560,830USD |
| Reconciled Depreciation | — | 6,172,395USD | 3,673,715USD | — |
| Source | DisclosureDeterministicFinal | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Balance sheet Quarterly
| Metric | Q2 20262026-06-30 · USD | Q1 20262026-03-31 · USD | Q4 20252025-12-31 · USD | Q3 20252025-09-30 · USD | Q2 20252025-06-30 · USD | Q1 20252025-03-31 · USD | Q4 20242024-12-31 · USD | Q3 20242024-09-30 · USD |
|---|---|---|---|---|---|---|---|---|
| Total Assets | 230,279,724USD | 226,257,855USD | 239,843,078USD | 233,331,108USD | 259,797,788USD | 278,207,316USD | 146,072,863USD | 146,072,863USD |
| Cash And Equivalents | 25,883,741USD | 17,198,760USD | 20,433,021USD | 14,181,578USD | 33,842,039USD | 126,718,693USD | — | — |
| Cash And Short Term Investments | 48,152,213USD | 38,783,446USD | 40,634,432USD | 34,681,215USD | 53,143,106USD | 141,552,019USD | 82,363,842USD | 82,363,842USD |
| Short Term Investments | 22,268,472USD | 21,584,686USD | 20,201,411USD | 20,499,637USD | 19,301,067USD | 14,833,326USD | 58,310,955USD | 58,310,955USD |
| Total Current Assets | 201,682,883USD | 200,102,527USD | 195,460,807USD | 192,235,681USD | 237,298,914USD | 252,117,866USD | 118,290,794USD | 118,290,794USD |
| Other Current Assets | 10,101,943USD | 10,704,282USD | 8,690,490USD | 9,457,315USD | 8,209,833USD | 4,790,037USD | 5,868,534USD | 5,868,534USD |
| Other Non Current Assets | 10,266,246USD | 11,359,217USD | 8,711,807USD | 9,446,965USD | 10,282,124USD | 13,489,980USD | — | — |
| Total Liabilities | 117,097,271USD | 119,233,059USD | 133,794,526USD | 127,370,046USD | 152,944,892USD | 100,826,959USD | — | — |
| Total Current Liabilities | 84,541,536USD | 86,122,902USD | 81,276,164USD | 70,217,257USD | 94,858,118USD | 70,678,835USD | 122,647,346USD | 122,647,346USD |
| Other Current Liabilities | 16,203,731USD | 20,008,943USD | 11,837,167USD | 9,824,063USD | 7,772,710USD | 13,191,197USD | — | — |
| Other Non Current Liabilities | 3,641,667USD | 3,879,167USD | 925,000USD | 937,500USD | 1,000,000USD | — | — | — |
| Total Stockholder Equity | 113,182,453USD | 107,024,796USD | 106,048,552USD | 105,961,062USD | 106,852,896USD | 177,380,357USD | -9,066,828USD | -9,066,828USD |
| Total Equity Including Noncontrolling Interest | 113,182,453USD | 107,024,796USD | 106,048,552USD | 105,961,062USD | 106,852,896USD | 177,380,357USD | — | — |
| Deferred Revenue | 11,259,473USD | 13,480,873USD | 12,599,119USD | 10,673,913USD | 11,511,584USD | 13,376,709USD | — | — |
| Deferred Revenue Non Current | 2,836,823USD | 2,522,836USD | 3,148,945USD | 3,031,812USD | 2,926,255USD | 2,992,697USD | — | — |
| Net Receivables | 41,380,698USD | 38,293,087USD | 33,414,435USD | 30,623,417USD | 29,553,260USD | 28,924,345USD | 28,265,721USD | 28,265,721USD |
| Inventory | 1,900,448USD | 2,010,130USD | 2,027,168USD | 1,798,300USD | 1,640,952USD | 1,883,028USD | 1,792,697USD | 1,792,697USD |
| Property Plant Equipment Net | 7,079,941USD | 6,902,752USD | 15,088,601USD | 11,099,185USD | 11,618,431USD | 12,055,771USD | 13,417,223USD | 13,417,223USD |
| Accounts Payable | 18,120,197USD | 16,277,687USD | 16,770,777USD | 15,844,429USD | 15,729,014USD | 15,781,198USD | 14,670,846USD | 14,670,846USD |
| Common Stock | 129,161USD | 129,138USD | 129,129USD | 129,124USD | 129,008USD | 128,182USD | 10USD | 10USD |
| Retained Earnings | -327,191,691USD | -330,058,982USD | -327,870,772USD | -324,899,206USD | -320,783,799USD | -245,608,178USD | -227,767,415USD | -227,767,415USD |
| Accumulated Other Comprehensive Income | 94,548USD | 223,316USD | 464,365USD | 810,725USD | 876,320USD | 429,542USD | -52,849USD | -52,849USD |
| Short Term Debt | — | — | 3,938,001USD | 3,320,703USD | 3,555,150USD | 3,678,084USD | 4,093,339USD | 4,093,339USD |
| Total Liab | — | — | — | — | — | — | 155,139,691USD | 155,139,691USD |
| Other Current Liab | — | — | — | — | — | — | 103,883,161USD | 103,883,161USD |
| Capital Stock | — | — | — | — | — | — | 215,318,956USD | — |
| Cash | — | — | — | — | — | — | 24,052,887USD | 24,052,887USD |
| Net Debt | — | — | — | — | — | — | -15,780,363USD | -15,780,363USD |
| Short Long Term Debt Total | — | — | — | — | — | — | 8,272,524USD | 8,272,524USD |
| Property Plant Equipment Gross | — | — | — | — | — | — | 31,537,915USD | — |
| Common Stock Shares Outstanding | — | — | — | — | — | — | 12,126,957shares | 15,025,335shares |
| Non Current Assets Total | — | — | — | — | — | — | 27,782,069USD | 27,782,069USD |
| Non Current Liabilities Total | — | — | — | — | — | — | 32,492,345USD | 32,492,345USD |
| Non Current Liabilities Other | — | — | — | — | — | — | 25,477,941USD | — |
| Non Currrent Assets Other | — | — | — | — | — | — | 14,364,846USD | 14,364,846USD |
| Net Working Capital | — | — | — | — | — | — | -4,356,552USD | — |
| Unclassified Non Current Liabilities | — | — | — | — | — | — | 7,014,404USD | 32,492,345USD |
| Unclassified Equity | — | — | — | — | — | — | 3,434,470USD | 218,753,426USD |
| Source | DisclosureDeterministicFinal | DisclosureDeterministicFinal | DisclosureDeterministicFinal | DisclosureDeterministicFinal | DisclosureDeterministicFinal | DisclosureDeterministicFinal | Legacy providerLegacy | Legacy providerLegacy |
Balance sheet Yearly
| Metric | FY 20252025-12-31 · USD | FY 20242024-12-31 · USD | FY 20232023-12-31 · USD | FY 20222022-12-31 · USD |
|---|---|---|---|---|
| Total Assets | 239,843,078USD | 146,072,863USD | 71,609,831USD | 66,870,598USD |
| Cash And Equivalents | 20,433,021USD | — | — | — |
| Cash And Short Term Investments | 40,634,432USD | 82,363,842USD | 7,258,796USD | 11,439,853USD |
| Short Term Investments | 20,201,411USD | 58,310,955USD | 1,221,585USD | 7,393,808USD |
| Total Current Assets | 195,460,807USD | 118,290,794USD | 35,416,417USD | 42,466,170USD |
| Other Current Assets | 8,690,490USD | 5,868,534USD | 2,351,159USD | 8,455,652USD |
| Other Non Current Assets | 8,711,807USD | — | — | — |
| Total Liabilities | 133,794,526USD | — | — | — |
| Total Current Liabilities | 81,276,164USD | 122,647,346USD | 51,847,951USD | 34,113,956USD |
| Other Current Liabilities | 11,837,167USD | — | — | — |
| Other Non Current Liabilities | 925,000USD | — | — | — |
| Total Stockholder Equity | 106,048,552USD | -9,066,828USD | -23,584,096USD | 18,099,390USD |
| Total Equity Including Noncontrolling Interest | 106,048,552USD | — | — | — |
| Deferred Revenue | 12,599,119USD | — | — | — |
| Deferred Revenue Non Current | 3,148,945USD | — | — | — |
| Net Receivables | 33,414,435USD | 28,265,721USD | 21,971,756USD | 18,736,832USD |
| Inventory | 2,027,168USD | 1,792,697USD | 3,834,706USD | 3,833,833USD |
| Property Plant Equipment Net | 15,088,601USD | 13,417,223USD | 18,595,356USD | 23,613,550USD |
| Accounts Payable | 16,770,777USD | 14,670,846USD | 19,606,959USD | 15,038,354USD |
| Short Term Debt | 3,938,001USD | 4,097,432,339USD | 4,339,653USD | 3,535,418USD |
| Common Stock | 129,129USD | 10USD | 10USD | 10USD |
| Retained Earnings | -327,870,772USD | -227,767,415USD | -153,036,687USD | -108,707,714USD |
| Accumulated Other Comprehensive Income | 464,365USD | -52,849USD | — | -93,680USD |
| Total Liab | — | 155,139,691USD | 95,193,927USD | 48,771,208USD |
| Other Current Liab | — | -4,003,108,538USD | 13,051,286USD | 15,540,184USD |
| Capital Stock | — | 215,318,956USD | 126,018,111USD | — |
| Cash | — | 24,052,887USD | 6,037,211USD | 4,046,045USD |
| Current Deferred Revenue | — | 13,652,699USD | 14,850,053USD | — |
| Net Debt | — | 4,077,558,638USD | 6,368,248USD | 10,929,605USD |
| Short Long Term Debt Total | — | 4,101,611,525USD | 12,405,459USD | 14,975,650USD |
| Property Plant Equipment Gross | — | 31,537,915USD | 33,706,639USD | — |
| Common Stock Shares Outstanding | — | 128,414,048shares | 128,414,048shares | 82,131,895shares |
| Non Current Assets Total | — | 27,782,069USD | 36,193,414USD | 24,404,428USD |
| Non Current Liabilities Total | — | 32,492,345USD | 43,345,976USD | 14,657,252USD |
| Non Current Liabilities Other | — | 25,477,941USD | 32,158,126USD | — |
| Non Currrent Assets Other | — | 14,364,846USD | 17,598,058USD | 790,878USD |
| Net Working Capital | — | -4,356,552USD | -16,431,534USD | — |
| Unclassified Current Liabilities | — | -4,003,108,538USD | — | — |
| Unclassified Non Current Liabilities | — | 7,014,404USD | 11,187,850USD | 14,657,252USD |
| Unclassified Equity | — | 3,434,470USD | 3,434,470USD | 126,900,774USD |
| Short Long Term Debt | — | — | 500,000USD | — |
| Source | DisclosureDeterministicFinal | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Cash flow YTD
| Metric | Q2 20262026-06-30 · USD | Q3 20252025-09-30 · USD | Q2 20252025-06-30 · USD |
|---|---|---|---|
| Depreciation | 3,051,701USD | 4,614,605USD | 3,089,126USD |
| Stock Based Compensation | 6,674,202USD | 8,542,133USD | 4,994,794USD |
| Change To Account Receivables | -8,150,403USD | -2,290,672USD | -1,021,463USD |
| Change To Inventory | 126,720USD | -5,603USD | 151,745USD |
| Change To Liabilities | 4,943,670USD | 2,417,217USD | -1,216,154USD |
| Change In Working Capital | -11,449,231USD | -5,515,751USD | -2,982,692USD |
| Operating Cash Flow | -2,766,713USD | -107,082,017USD | -38,947,863USD |
| Capital Expenditures | -1,379,821USD | -1,782,997USD | -689,460USD |
| Net Investments | 7,204,259USD | -104,319,436USD | -103,727,862USD |
| Unclassified Investing Cash Flow | 2,338,558USD | 49,361,533USD | — |
| Investing Cash Flow | 8,162,996USD | -56,740,900USD | -104,417,322USD |
| Net Debt Issuance | -95,997USD | -153,132USD | -104,995USD |
| Common Dividends Paid | 0USD | -915,067USD | -915,067USD |
| Unclassified Financing Cash Flow | 150,435USD | 155,019,807USD | 154,174,399USD |
| Financing Cash Flow | 54,438USD | 153,951,608USD | 153,154,337USD |
| Change In Cash | 5,450,720USD | -9,871,309USD | 9,789,152USD |
| End Cash Flow | 25,883,741USD | 14,181,578USD | 33,842,039USD |
| Source | DisclosureDeterministicFinal | DisclosureDeterministicFinal | DisclosureDeterministicFinal |
Cash flow Quarterly
| Metric | Q2 20262026-06-30 · USD | Q1 20262026-03-31 · USD | Q4 20252025-12-31 · USD | Q3 20252025-09-30 · USD | Q2 20252025-06-30 · USD | Q1 20252025-03-31 · USD | Q4 20242024-12-31 · USD | Q3 20242024-09-30 · USD |
|---|---|---|---|---|---|---|---|---|
| Net Income | 2,867,291,000,000USD | — | -2,971,568,000,000USD | -4,059,670,000,000USD | -75,165,929,000,000USD | — | -6,888,394USD | -9,770,287USD |
| Depreciation | 525,142,000,000USD | 1,523,571USD | 628,090,000,000USD | 690,320,000,000USD | 734,590,000,000USD | 1,540,440USD | 1,508,526USD | 1,510,396USD |
| Stock Based Compensation | 6,674,202,000,000USD | 3,355,369USD | 3,413,748,000,000USD | 8,542,133,000,000USD | 3,417,686,000,000USD | 1,577,109USD | — | 0USD |
| Financing Cash Flow | 54,438,000,000USD | 2,779USD | 153,958,832,000,000USD | 153,951,608,000,000USD | 153,154,337,000,000USD | 147,887,679USD | — | — |
| Change In Cash | 5,450,720,000,000USD | -3,234,261USD | -3,619,865,000,000USD | -9,871,309,000,000USD | 9,789,152,000,000USD | 102,665,806USD | -10,953,472USD | 28,354,396USD |
| Change To Account Receivables | — | -5,210,412USD | — | — | — | -540,358USD | -2,641,220USD | -3,366,851USD |
| Change To Inventory | — | 17,038USD | — | — | — | -90,331USD | 519,882USD | 449,652USD |
| Change To Liabilities | — | 6,660,594USD | — | — | — | 4,583,228USD | — | — |
| Change In Working Capital | — | -11,637,032USD | — | — | — | -1,350,274USD | -25,731,928USD | -1,945,497USD |
| Operating Cash Flow | — | -2,642,837USD | — | — | — | -15,725,959USD | — | — |
| Capital Expenditures | — | -242,854USD | — | — | — | -73,077USD | -498,838USD | -289,964USD |
| Net Investments | — | -351,349USD | — | — | — | -36,672,837USD | — | — |
| Investing Cash Flow | — | -594,203USD | -53,123,819,000,000USD | -56,740,900,000,000USD | — | -29,495,914USD | — | — |
| Net Debt Issuance | — | -47,355USD | — | — | — | -19,470USD | — | — |
| Common Dividends Paid | — | 0USD | — | — | — | -304,930USD | — | — |
| Unclassified Financing Cash Flow | — | 50,134USD | — | — | — | 148,212,079USD | 4,012,869USD | 4,012,869USD |
| End Cash Flow | — | 17,198,760USD | — | — | — | 126,718,693USD | — | — |
| Unclassified Investing Cash Flow | — | — | — | — | — | 7,250,000USD | 29,372,985USD | — |
| Other Non Cash Items | — | — | — | — | — | — | 3,604,536USD | -3,547,204USD |
| Total Cash From Operating Activities | — | — | — | — | — | — | -27,507,260USD | -13,752,592USD |
| Free Cash Flow | — | — | — | — | — | — | -28,006,098USD | -14,042,556USD |
| Investments | — | — | — | — | — | — | -58,245,571USD | -289,717USD |
| Total Cashflows From Investing Activities | — | — | — | — | — | — | -58,245,571USD | -289,717USD |
| Net Borrowings | — | — | — | — | — | — | -550,330USD | -48,938USD |
| Total Cash From Financing Activities | — | — | — | — | — | — | 74,799,359USD | 42,396,705USD |
| Sale Purchase Of Stock | — | — | — | — | — | — | -4,012,869USD | -4,012,869USD |
| Issuance Of Capital Stock | — | — | — | — | — | — | 75,349,689USD | 42,445,643USD |
| Begin Period Cash Flow | — | — | — | — | — | — | 35,006,359USD | 6,651,963USD |
| End Period Cash Flow | — | — | — | — | — | — | 24,052,887USD | 35,006,359USD |
| Other Cashflows From Investing Activities | — | — | — | — | — | — | -28,874,147USD | 247USD |
| Other Cashflows From Financing Activities | — | — | — | — | — | — | 75,349,689USD | 42,445,643USD |
| Dividends Paid | — | — | — | — | — | — | — | 0USD |
| Source | DisclosurePreliminary | DisclosureDeterministicFinal | DisclosurePreliminary | DisclosurePreliminary | DisclosurePreliminary | DisclosureDeterministicFinal | Legacy providerLegacy | Legacy providerLegacy |
Cash flow Yearly
| Metric | FY 20252025-12-31 · USD | FY 20242024-12-31 · USD | FY 20232023-12-31 · USD | FY 20222022-12-31 · USD |
|---|---|---|---|---|
| Depreciation | 6,327,229USD | 6,172,395USD | 3,673,715USD | 2,560,830USD |
| Stock Based Compensation | 11,955,882USD | 0USD | — | — |
| Change To Account Receivables | -4,971,013USD | -6,553,234USD | -5,789,539USD | 3,129,529USD |
| Change To Inventory | -234,471USD | 2,042,009USD | -873USD | -1,297,191USD |
| Change To Liabilities | 4,569,295USD | — | — | — |
| Change In Working Capital | -6,538,540USD | 4,428,986USD | 4,545,592USD | 7,047,695USD |
| Operating Cash Flow | -104,454,878USD | — | — | — |
| Capital Expenditures | -2,650,515USD | -996,291USD | -916,994USD | -5,884,807USD |
| Net Investments | -100,247,833USD | — | — | — |
| Unclassified Investing Cash Flow | 49,774,529USD | — | — | — |
| Investing Cash Flow | -53,123,819USD | — | — | — |
| Net Debt Issuance | -199,237USD | — | — | — |
| Common Dividends Paid | -915,069USD | — | — | — |
| Unclassified Financing Cash Flow | 155,073,138USD | -125,821,070USD | — | — |
| Financing Cash Flow | 153,958,832USD | — | — | — |
| Change In Cash | -3,619,865USD | 18,015,676USD | 1,991,166USD | 4,046,045USD |
| End Cash Flow | 20,433,022USD | — | — | — |
| Net Income | — | -72,171,928USD | -41,777,166USD | -19,936,386USD |
| Other Non Cash Items | — | 12,883,115USD | 29,726,355USD | 3,012,048USD |
| Total Cash From Operating Activities | — | -48,687,432USD | -3,831,504USD | -7,315,813USD |
| Free Cash Flow | — | -49,683,723USD | -4,748,498USD | -13,200,620USD |
| Investments | — | -58,428,592USD | 5,395,227USD | — |
| Total Cashflows From Investing Activities | — | -58,428,592USD | 5,395,227USD | -5,601,030USD |
| Net Borrowings | — | -689,370USD | 427,443USD | — |
| Total Cash From Financing Activities | — | 125,131,700USD | 427,443USD | — |
| Dividends Paid | — | 0USD | — | — |
| Issuance Of Capital Stock | — | 125,821,070USD | 0USD | — |
| Begin Period Cash Flow | — | 6,037,211USD | 4,046,045USD | — |
| End Period Cash Flow | — | 24,052,887USD | 6,037,211USD | 4,046,045USD |
| Other Cashflows From Investing Activities | — | -1USD | — | 283,777USD |
| Other Cashflows From Financing Activities | — | 125,821,070USD | — | — |
| Source | DisclosureDeterministicFinal | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. TTM requires four complete quarters. Missing values are not zero. Charts use rounded labels; expand values and sources for exact amounts. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.