| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 17,198,760 | 20,433,021 | 14,181,578 | 33,842,039 |
| Funds held in escrow | 20,000,000 | 20,000,000 | 20,000,000 | NaN |
| Equity securities | 21,584,686 | 20,201,411 | 20,499,637 | NaN |
| U.s. treasury securities | 90,021,068 | 90,315,133 | 95,675,434 | NaN |
| Crypto assets | 290,514 | 379,149 | NaN | NaN |
| Investments | 111,896,268 | 110,895,693 | 116,175,071 | 164,052,830 |
| Accounts receivable, net | 38,293,087 | 33,414,435 | 30,623,417 | 29,553,260 |
| Inventories, net | 2,010,130 | 2,027,168 | 1,798,300 | 1,640,952 |
| Prepaid expenses and other current assets | 10,704,282 | 8,690,490 | 9,457,315 | 8,209,833 |
| Total current assets | 200,102,527 | 195,460,807 | 192,235,681 | 237,298,914 |
| Property and equipment, gross | NaN | NaN | 26,880,604 | NaN |
| Less accumulated depreciation | NaN | NaN | 20,312,526 | NaN |
| Property and equipment, net | 6,902,752 | 6,264,885 | 6,568,078 | 6,187,097 |
| Security deposits | NaN | 581,863 | 549,277 | 598,319 |
| Right-of-use assets - operating leases | NaN | 8,823,716 | 4,531,107 | 5,431,334 |
| Right of use assets | 7,893,359 | NaN | NaN | NaN |
| Other assets | 11,359,217 | 8,711,807 | 9,446,965 | 10,282,124 |
| Funds held in escrow | 0 | 20,000,000 | 20,000,000 | NaN |
| Total assets | 226,257,855 | 239,843,078 | 233,331,108 | 259,797,788 |
| Warrant liability | NaN | 0 | 0 | 0 |
| Operating lease liability | NaN | 3,938,001 | 3,320,703 | 3,555,150 |
| Accounts payable | 16,277,687 | 16,770,777 | 15,844,429 | 15,729,014 |
| Finance lease liability | NaN | 124,970 | 156,420 | 190,239 |
| Accrued expenses | 20,008,943 | 11,837,167 | 9,824,063 | 7,772,710 |
| Accrued payroll | NaN | 2,826,595 | 3,439,899 | 1,973,340 |
| Accrued distribution | NaN | 231,187 | 935,380 | 895,071 |
| Derivative liability | NaN | 0 | 0 | 0 |
| Deferred revenue | 13,480,873 | 12,599,119 | 10,673,913 | 11,511,584 |
| Lease liability | 3,643,566 | NaN | NaN | NaN |
| Settlement liability | 26,250,513 | 26,487,028 | 26,022,450 | 53,231,010 |
| Operating lease liability - non-current | NaN | 5,287,134 | 1,710,473 | 2,494,520 |
| Share repurchase liability | 6,461,320 | 6,461,320 | NaN | NaN |
| Finance lease liability - non-current | NaN | 4,961 | 19,614 | 33,933 |
| Total current liabilities | 86,122,902 | 81,276,164 | 70,217,257 | 94,858,118 |
| Deferred revenue, net of current portion | 2,522,836 | 3,148,945 | 3,031,812 | 2,926,255 |
| Share repurchase liability | NaN | NaN | 6,407,990 | 5,301,080 |
| Lease liability, net of current portion | 4,681,137 | NaN | NaN | NaN |
| Other long-term liabilities | 3,879,167 | 925,000 | 937,500 | 1,000,000 |
| Settlement liability, net of current portion | 22,027,017 | 43,152,322 | 45,045,400 | 46,330,986 |
| Total liabilities | 119,233,059 | 133,794,526 | 127,370,046 | 152,944,892 |
| Class a common stock, 0.001 par value 50,000,000 shares authorized 39,239,297 shares issued and outstanding at par as of march31, 2026 and december31, 2025 class b common stock, 0.001 par value 940,000,000 shares authorized 89,899,158 and 89,889,822 shares issued and outstanding at march31, 2026 and december31, 2025, respectively | 129,138 | 129,129 | 129,124 | 129,008 |
| Treasury stock, 0 and 27,061,584 shares at cost, respectively | NaN | 0 | 0 | 0 |
| Additional paid-in capital | 436,731,324 | 433,325,830 | 429,920,419 | 426,631,367 |
| Accumulated other comprehensive income | 223,316 | 464,365 | 810,725 | 876,320 |
| Accumulated deficit | -330,058,982 | -327,870,772 | -324,899,206 | -320,783,799 |
| Total stockholders equity | 107,024,796 | 106,048,552 | 105,961,062 | 106,852,896 |
| Total liabilities and stockholders equity | 226,257,855 | 239,843,078 | 233,331,108 | 259,797,788 |
Newsmax Inc. (NMAX)
Newsmax Inc. (NMAX)