Form 8-K
8-K — Newsmax Inc.
Accession: 0002026478-26-000060
Filed: 2026-08-13
Period: 2026-08-13
CIK: 0002026478
SIC: 4833 (TELEVISION BROADCASTING STATIONS)
Item: Results of Operations and Financial Condition
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
Documents
8-K — nmax-20260813.htm (Primary)
EX-99.1 — EX-99.1 EARNINGS RELEASE (nmax_q22026earningsrelease.htm)
EX-99.2 — EX-99.2 INVESTOR PRESENTATION (newsmaxirpresentation812.htm)
GRAPHIC (newsmaxirpresentation812001.jpg)
GRAPHIC (newsmaxirpresentation812002.jpg)
GRAPHIC (newsmaxirpresentation812003.jpg)
GRAPHIC (newsmaxirpresentation812004.jpg)
GRAPHIC (newsmaxirpresentation812005.jpg)
GRAPHIC (newsmaxirpresentation812006.jpg)
GRAPHIC (newsmaxirpresentation812007.jpg)
GRAPHIC (newsmaxirpresentation812008.jpg)
GRAPHIC (newsmaxirpresentation812009.jpg)
GRAPHIC (newsmaxirpresentation812010.jpg)
GRAPHIC (newsmaxirpresentation812011.jpg)
GRAPHIC (newsmaxirpresentation812012.jpg)
GRAPHIC (newsmaxirpresentation812013.jpg)
GRAPHIC (newsmaxirpresentation812014.jpg)
GRAPHIC (newsmaxirpresentation812015.jpg)
GRAPHIC (newsmaxirpresentation812016.jpg)
GRAPHIC (newsmaxirpresentation812017.jpg)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K
8-K (Primary)
Filename: nmax-20260813.htm · Sequence: 1
nmax-20260813
0002026478false00020264782026-08-132026-08-13
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
August 13, 2026
Date of Report (Date of earliest event reported)
NEWSMAX INC.
(Exact name of registrant as specified in its charter)
Florida 024-12567 99-2600308
(State or other jurisdiction
of incorporation or organization) (Commission File Number) (I.R.S. Employer
Identification Number)
750 Park of Commerce Drive, Suite 100
Boca Raton, Florida 33487
(Address of principal executive offices and zip code)
(561) 686-1165
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading
Symbol(s) Name of each exchange on which registered
Class B Common Stock, $0.001 par value per share NMAX New York Stock Exchange, LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 - Results of Operations and Financial Condition.
On August 13, 2026, Newsmax Inc. (the "Company") issued a press release announcing its results of operations for the three months and six months ended June 30, 2026. A copy of the press release is furnished as Exhibit 99.1 hereto and incorporated herein by reference.
The information in Item 2.02 of this Form 8-K and in the press release attached as Exhibit 99.1 is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section. The information in each of Item 2.02 of this Form 8-K and Exhibit 99.1 shall not be incorporated by reference in any filing made by the Company or other document under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in any such filing or document, except as shall be expressly set forth by specific reference in any such filing or document.
Item 7.01 - Regulation FD Disclosure
The Company has prepared presentation materials (the “Presentation Materials”) that management intends to use from time to time on and after August 13, 2026. The Presentation Materials are filed as Exhibit 99.2 to this Current Report on Form 8-K.
The information contained in the Presentation Materials is summary information that should be considered within the context of the Company’s filings with the Securities and Exchange Commission and other public announcements that the Company may make by press release or otherwise from time to time. The Presentation Materials speak as of the date of this Current Report on Form 8-K. While the Company may elect to update the Presentation Materials in the future or reflect events and circumstances occurring or existing after the date of this Current Report on Form 8-K, the Company specifically disclaims any obligation to do so.
The information in this Item 7.01 and Exhibit 99.2 of this Current Report on Form 8-K is furnished and shall not be deemed to be “filed” for the purposes of the Exchange Act, or otherwise subject to the liabilities of that section. The information in this Item 7.01 and Exhibit 99.2 of this Current Report on Form 8-K shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date of this Current Report on Form 8-K, regardless of any general incorporation language in any such filing.
Item 9.01 - Financial Statements and Exhibits
(d) The following exhibits are being filed herewith:
Exhibit No. Description
99.1
Press Release, dated August 13, 2026
99.2
Investor Relations Deck
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: August 13, 2026
Newsmax Inc.
By: /s/ Darryle Burnham
Name: Darryle Burnham
Title: Chief Financial Officer
EX-99.1 — EX-99.1 EARNINGS RELEASE
EX-99.1
Filename: nmax_q22026earningsrelease.htm · Sequence: 2
Document
Newsmax Announces Second Quarter 2026
Financial Results
Company Reports Record Quarterly Revenues of $54.1 million, a 16.5% Year-Over-Year Increase
Broadcast Revenues Increase to $45.8 million, a 20.5% Increase Year-Over-Year
Company Reports Net Income of $2.9 million and Adjusted EBITDA of $5.7 million, Its First Profitable Quarter as a Public Company
BOCA RATON, FL – August 13, 2026 – Newsmax Inc. (NYSE: NMAX) (“Newsmax” or the “Company”) today announced its financial results for the second quarter ended June 30, 2026.
Second Quarter 2026 Business and Operational Highlights
•Delivered second quarter audience reach of 26.9 million total viewers, up 4% year-over-year and the highest second quarter total reach in the past four years, including 11.3 million Adults 35-64, reinforcing Newsmax’s position as the fourth highest-rated cable news channel and #2 in cable news audience engagement among Adults 35-64.
•Continued to strengthen the Company’s multi-platform audience ecosystem, with total social media followers rising to 26.2 million as of June 30, 2026.
•Entered into the Company's first major AI content partnership, a multi-year partnership with Meta that puts Newsmax content across Meta's apps and devices, reflecting a broader strategy of licensing content to leading AI technology companies.
•Achieved exceptional growth in our international licensing business, with multiple brand content licenses signed this year and related licensing revenues expected to increase 344% year-over-year to approximately $16 million in 2026, including the Q2 launch of the Newsmax Poland channel with longtime partner Telekom Serbia, all strengthening the Newsmax brand, which reaches more than 100 countries worldwide.
Management Commentary
“This was a milestone quarter for Newsmax. We delivered record revenues and our first quarterly net income since becoming a public company, led by strong growth in affiliate fees and licensing, our highest-margin revenue streams,” said Christopher Ruddy, Chief Executive Officer of Newsmax. “Halfway through the year, we continue to execute on our growth strategy. With the majority of one-time costs of becoming a public company largely behind us, the value creation opportunities of our multi-platform model are showing positive results.”
Ruddy continued, “We are still in strategic investment mode, and that will not change. We continue to invest in content and streaming, while our licensing strategy is growing rapidly, domestically with AI deals like the one we completed with Meta, and internationally with media partners licensing our brand and content. Our strategy is to maximize these relationships to license the Newsmax brand and launch local channels in foreign markets, a model that requires minimal capital from us. We are also staying at the forefront of emerging technology, and our recently announced AI partnership will help us meet viewers wherever they consume content. The market for center right news is huge with limited options and significant whitespace to grow, increase monetization and deliver sustainable, long-term growth for our shareholders.”
“Our second quarter results demonstrate the operating leverage we are building across the business, with net income of $2.9 million and Adjusted EBITDA of $5.7 million,” commented Darryle Burnham, Chief Financial Officer of Newsmax. “The improvement in our revenue mix, combined with the operating discipline we have established in our second year as a public company, allowed strong top-line growth to flow through to the bottom line. We will continue to invest in content, distribution and OTT initiatives that support long-term growth, and with a strong balance sheet, no debt and a disciplined approach to capital allocation, we are reiterating our full-year revenue guidance and remain focused on sustainable, long-term shareholder value.”
Financial Results:
Revenue by Segment by Component Table (unaudited):
($ in millions) Three Months Ended June 30,
2026 2025
$ Change
% Change
Broadcasting
Advertising $ 24.4 $ 26.2 $ (1.8) (7.0) %
Affiliate fee 13.4 7.3 6.0 81.9 %
Subscription 3.5 3.8 (0.3) (7.9) %
Licensing
4.6 0.7 3.9 563.5 %
Total Broadcasting revenues
$ 45.8 $ 38.0 $ 7.8 20.5 %
Digital
Advertising $ 4.4 $ 3.6 $ 0.8 21.3 %
Subscription 2.8 3.2 (0.4) (12.2) %
Product sales 1.1 1.6 (0.5) (31.7) %
Total Digital revenues $ 8.3 $ 8.4 $ (0.1) (1.3) %
Total Revenues $ 54.1 $ 46.4 $ 7.7 16.5 %
Second Quarter 2026 Financial Highlights:
•Newsmax reported record total quarterly revenues of $54.1 million for the three-month period ended June 30, 2026, representing a 16.5% year-over-year increase and the highest quarterly revenues in the Company's history.
•Total broadcasting revenues grew 20.5% year-over year to $45.8 million for the second quarter of 2026. This was driven by an increase in affiliate fee revenue attributed to new contractual relationships and rate increases that took effect in late 2025 and 2026, as well as expanded international licensing agreements.
•Newsmax reported a quarterly net income of $2.9 million, or $0.02 per share, the Company's first quarterly net income since becoming a public company, as compared to a net loss of $(75.2) million reported in same quarter in the prior year. The improvement was primarily driven by higher total revenue, improved operating efficiency and the absence of legal settlement expenses recorded in the prior-year period.
•Quarterly adjusted EBITDA was $5.7 million, the Company's highest as a public company and an improvement of $9.5 million from $(3.8) million reported in the same quarter last year, primarily due to growth in high-margin affiliate fee and licensing revenue and lower general and administrative expenses, partially offset by continued investment in programming, production and OTT initiatives. See reconciliation of net income (loss) to adjusted EBITDA below.
•The Company ended the quarter with $128.3 million in cash and short-term investments. Cash and cash equivalents were $25.9 million and short-term investments were $102.4 million.
The Company is reiterating its previously issued full-year 2026 revenue guidance of $212 million to $216 million, representing 13% year-over-year growth at the midpoint of the range.
About Newsmax
Newsmax Inc. is listed on the NYSE (NMAX) and operates, through Newsmax Broadcasting LLC, one of the nation's leading news outlets, the Newsmax channel. The fourth highest-rated network is carried on all major pay TV providers. Newsmax's media properties reach more than 50 million Americans regularly through Newsmax TV, the Newsmax App, its popular website Newsmax.com, and publications such as Newsmax Magazine. Through its social media accounts, Newsmax reaches over 26 million combined followers. Reuters Institute says Newsmax is one of the top U.S. news brands and Forbes has called Newsmax "a news powerhouse."
For more information, please visit Investor Relations | Newsmax Inc.
Investor Contacts
Newsmax Investor Relations
ir@newsmax.com
Forward-Looking Statements
This communication contains forward-looking statements. From time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Forward-looking statements can be
identified by those that are not historical in nature. The forward-looking statements discussed in this communication and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. Newsmax does not guarantee future results, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. Forward-looking statements should not be relied upon as predictions of future events. We are under no duty to update any of these forward-looking statements after the date of this communication to conform our prior statements to actual results or revised expectations, and we do not intend to do so. Factors that may cause actual results to differ materially from current expectations include various factors, including but not limited to changes in domestic and global general economic and macro-economic conditions and the volatility of the price of Common Stock that may result from, among other things, comments by securities analysts or other third parties, including blogs, articles, message boards and social and other media, large shareholders exiting their position in our Common Stock, any negative public perception of us, sales of shares previously registered for resale, or other uncertainties and the factors set forth in the sections entitled "Risk Factors" in Newsmax's Annual Report on Form 10-K for the twelve months ended December 31, 2025 and other filings Newsmax makes with the Securities and Exchange Commission. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. Undue reliance should not be placed on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein.
USE AND DEFINITION OF NON-GAAP FINANCIAL MEASURES
This press release contains a financial measure that has not been prepared in accordance with United States Generally Accepted Accounting Principles ("U.S. GAAP"). This financial measure is Adjusted EBITDA.
Non-GAAP financial measures are used to supplement the financial information presented on a U.S. GAAP basis and should not be considered in isolation or as a substitute for the relevant U.S. GAAP measures and should be read in conjunction with information presented on a U.S. GAAP basis. Because not all companies use identical calculations, our presentation of Non-GAAP measures may not be comparable to other similarly titled measures of other companies.
Adjusted EBITDA1 is defined as revenues less cost of revenues and general and administrative expenses and does not include depreciation, amortization related to the incremental costs to obtain a contract, interest expense, net, impairment charges, unrealized gains (losses) on marketable securities, stock-based compensation, other corporate matters (consisting primarily of certain litigation expenses, and related fees, for specific legal proceedings that the Company has determined are infrequent and unusual in terms of their magnitude), other, net, and income tax expense.
You are encouraged to evaluate each adjustment used in calculating our non-GAAP financial measure and the reasons we consider our non-GAAP financial measure appropriate for supplemental analysis. In evaluating our non-GAAP financial measure, you should be aware that in the future we may incur expenses similar to the adjustments in our presentation. Our non-GAAP financial measure has limitations as an analytical tool, and you should not consider this measure in isolation or as a substitute for analysis of our results as reported under GAAP. Our presentation of our non-GAAP financial measure should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items. Our non-GAAP financial measure may not be comparable to other companies. Please see a historical reconciliation of this measure to the most comparable GAAP measure presented in our consolidated financial statements below.
1 The Company compensates for limitations of the adjusted EBITDA measure by prominently disclosing GAAP net income (loss), which the Company believes is the most directly comparable GAAP measure, and providing investors with a reconciliation from GAAP net income (loss) to adjusted EBITDA.
NEWSMAX INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
June 30,
2026 December 31,
2025
ASSETS
Current assets:
Cash and cash equivalents
$ 25,883,741 $ 20,433,021
Funds held in escrow 20,000,000 20,000,000
Investments
102,416,053 110,895,693
Accounts receivable, net
41,380,698 33,414,435
Inventories, net
1,900,448 2,027,168
Prepaid expenses and other current assets
10,101,943 8,690,490
Total current assets
201,682,883 195,460,807
Property and equipment, net
7,079,941 6,264,885
Right of use assets
11,250,654 8,823,716
Other assets
10,266,246 9,293,670
Funds held in escrow
- 20,000,000
Total assets
$ 230,279,724 $ 239,843,078
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable $ 18,120,197 $ 16,770,777
Accrued expenses 16,203,731 14,894,949
Deferred revenue 11,259,473 12,599,119
Lease liability 4,265,645 4,062,971
Settlement liability
28,231,170 26,487,028
Share repurchase liability 6,461,320 6,461,320
Total current liabilities 84,541,536 81,276,164
Long-term liabilities:
Deferred revenue, net of current portion 2,836,823 3,148,945
Lease liability, net of current portion 7,313,038 5,292,095
Other long-term liabilities
3,641,667 925,000
Settlement liability, net of current portion 18,764,207 43,152,322
Total liabilities 117,097,271 133,794,526
Stockholders’ equity
Class A common stock, 0.001 par value; 50,000,000 shares authorized; 39,239,297 shares issued and outstanding at par as of June 30, 2026 and December 31, 2025; Class B common stock, 0.001 par value; 940,000,000 shares authorized 89,921,348 and 89,889,822 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively.
129,161 129,129
Additional paid-in capital 440,150,435 433,325,830
Accumulated other comprehensive income 94,548 464,365
Accumulated deficit (327,191,691) (327,870,772)
Total stockholders’ equity 113,182,453 106,048,552
Total liabilities and stockholders’ equity $ 230,279,724 $ 239,843,078
NEWSMAX INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
(Unaudited)
For the three months ended For the six months ended
June 30, June 30,
2026 2025 2026 2025
Revenues:
Service revenue $ 53,052,444 $ 44,884,207 $ 103,199,226 $ 88,619,547
Product revenue 1,063,041 1,555,537 2,574,750 3,121,904
Total revenues 54,115,485 46,439,744 105,773,976 91,741,451
Cost of services 30,006,022 27,758,685 60,767,493 52,407,148
Cost of products sold 775,759 1,039,298 1,744,051 2,230,404
Gross profit 23,333,704 17,641,761 43,262,432 37,103,899
General and administrative expenses:
Personnel costs 8,873,996 8,614,761 17,922,630 16,628,178
Advertising costs 3,928,215 5,941,417 9,290,213 10,359,871
Depreciation 525,142 734,590 1,091,961 1,471,465
Other corporate matters — 68,437,098 — 78,104,701
Other 8,701,407 10,319,344 18,121,768 18,517,912
Total general and administrative expenses 22,028,760 94,047,210 46,426,572 125,082,127
Income (loss) from operations 1,304,944 (76,405,449) (3,164,140) (87,978,228)
Other income (expense), net:
Interest and dividend income 1,310,328 1,802,054 2,654,140 2,856,340
Interest expense (1,664) (7,456) (4,614) (13,511)
Realized gain on marketable securities 327,476 — 327,476 —
Unrealized gain on marketable securities 271,965 (500,736) 1,250,876 1,084,844
Other, net (345,758) (54,342) (384,657) (8,342,898)
Total other income (expense), net 1,562,347 1,239,520 3,843,221 (4,415,225)
Net income (loss) before income taxes 2,867,291 (75,165,929) 679,081 (92,393,453)
Income tax expense — 9,693 — 14,693
Net income (loss) $ 2,867,291 $ (75,175,622) $ 679,081 $ (92,408,146)
Other comprehensive income:
Unrealized (loss) gain on available for sale debt investments, net of income tax (128,768) 446,778 (369,817) 929,169
Comprehensive income (loss) $ 2,738,523 $ (74,728,844) $ 309,264 $ (91,478,977)
Weighted average common stock outstanding
Basic 128,508,173 128,333,356 128,499,931 86,938,585
Diluted 129,285,724 128,333,356 129,267,846 86,938,585
Net income (loss) per share attributable to common stockholders
Basic $ 0.02 $ (0.59) $ 0.01 $ (1.12)
Diluted $ 0.02 $ (0.59) $ 0.01 $ (1.12)
NEWSMAX INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE SIX MONTHS ENDED JUNE 30,
(Unaudited)
2026 2025
Cash flows from operating activities:
Net income (loss) $ 679,081 $ (92,408,146)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization
3,051,701 3,089,126
Stock-based compensation 6,674,202 4,994,794
Change in fair value of warrant liability - 1,824,179
Change in fair value of derivative liability - 6,104,230
Provision for (recovery of) credit losses
184,140 (266,076)
Realized gain on marketable securities (327,476) -
Unrealized gain on marketable securities (1,105,518) (1,084,844)
Lease expense
1,898,771 1,788,532
Non-cash expense related to SEPA Agreement - 500,000
Changes in operating assets and liabilities:
Accounts receivable
(8,150,403) (1,021,463)
Inventory
126,720 151,745
Prepaid expenses and other current assets
(1,411,453) (1,226,532)
Funds released from escrow 20,000,000 -
Other asset
(2,932,316) (1,201,125)
Security deposits
- 11,107
Accounts payable
918,221 314,683
Accrued expenses
1,308,782 (2,530,837)
Lease liabilities
(2,102,092) (1,921,948)
Settlement liability
(22,643,973) 44,984,790
Other long-term liabilities
2,716,667 1,000,000
Deferred revenue
(1,651,768) (2,050,078)
Net cash used in operating activities (2,766,713) (38,947,863)
Cash flows from investing activities:
Purchase of investments
(2,531,294) (131,727,862)
Proceeds from maturity of investments 9,735,553 28,000,000
Sale of investments
2,338,557 -
Purchase of property and equipment
(1,379,821) (689,460)
Net cash provided by (used in) investing activities 8,162,996 (104,417,322)
Cash flows from financing activities:
Proceeds from issuance of convertible preferred stock, net - 80,742,222
Proceeds from issuance of common stock IPO, net - 66,659,453
Proceeds from exercise of stock options 150,435 6,707,723
Proceeds from additional stock issuance - 65,000
Payment of dividend - (915,067)
Principal payment under finance lease obligation
(95,997) (104,995)
Net cash provided by financing activities 54,438 153,154,337
Net change in cash
5,450,720 9,789,152
Cash and cash equivalents – beginning
20,433,021 24,052,887
Cash and cash equivalents – ending
$ 25,883,741 $ 33,842,039
NEWSMAX INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
FOR THE SIX MONTHS ENDED JUNE 30,
(Unaudited)
2026 2025
Supplemental disclosures of cash flow information:
Operating lease assets obtained in exchange for operating lease liabilities $ 4,102,295 $ 28,391
Interest paid $ - $ 1,829
Non-cash investing transactions:
Property and equipment acquired through accounts payable: $ 431,199 $ 743,485
Non-cash financing activities:
Common stock issuance costs reclassified from prepaid expenses $ - $ (1,798,989)
Issuance of warrants in connection with the issuance of convertible stock $ - $ 1,144,976
Accrued dividends payable $ - $ 38,320
IPO funds receivable in escrow $ - $ 34,500
NEWSMAX INC.
NON-GAAP ADJUSTED EBITDA RECONCILIATION
FOR THE THREE MONTHS ENDED JUNE 30,
(Unaudited)
2026 2025
Net income (loss) $ 2,867,291 $ (75,175,622)
Add
Depreciation 525,142 734,590
Amortization 238,799 49,906
Interest, net (1,308,664) (1,794,598)
Unrealized (gain) loss on marketable securities (271,965) 500,736
Stock-based compensation 3,318,835 3,417,686
Other corporate matters2 - 68,437,098
Other, net3 345,758 54,342
Income tax expense - 9,693
Adjusted EBITDA4
$ 5,715,196 $ (3,766,169)
2 Comprised of certain litigation expenses, and related fees, for specific legal proceedings that we have determined are infrequent and unusual in terms of their magnitude.
3 Comprised of miscellaneous items such as derivative adjustments, income tax credits, and unrealized gains on securities
4 For a discussion of Adjusted EBITDA, see “Use and Definition of Non-GAAP Financial Measures”.
EX-99.2 — EX-99.2 INVESTOR PRESENTATION
EX-99.2
Filename: newsmaxirpresentation812.htm · Sequence: 3
newsmaxirpresentation812
2Q 2026 ABCDEFGHIJKLMNOPQRSTUVWXYZ abcdefghijklmnopqrstuvwxyz 0123456789@#$%&* Museo Sans 900 The logotype was based on the typeface Museo San Newsmax RedNewsmax Blue Complete color information can be found on page 8. Colors Logotype Typeface Investor Presentation
Investment Highlights Rapidly Expanding News Network with Strong Growth Trajectory Highly Loyal Audience with Significant Reach Diverse Platform Model with Multi-Faceted Revenue Streams World-Class Leadership with Strategic Access Debt-Free Balance Sheet with Capital Strength to Support Growth Platform and Reach Unlocks Monetization Upside 2
On all platforms, for all people Newsmax Overview Scale and Growth 58M+ Total Audience Reach FY25 100+ Countries Available #4 In Cable News FY25 +3% Adults 35-64 2Q26 vs. 2Q25 +28% Social Media Followers 2Q26 vs. 2Q25 Diversified Revenue Strong Growth Current Capital Strength $128M Cash and short-term investments as of 2Q FY26 +28% Revenue CAGR 2019-2025 $189M 81% Broadcast 19% Digital FY2025 Financial Overview 3 Free Streaming Channel Paid Streaming Service Live Cable TV Disclosure: Please note data is aggregated from Nielsen data, streaming dashboard of OTT providers, internal company estimates and other analytic services. The numbers and data are variable and subject to change. Pending Updated financials 60M+ U.S. Homes Footprint Across Pay TV 100M+ Streaming on smartphones, apps and other devices #4 In Cable News 29M+ Newsmax TV Quarterly Viewership Jan-Sep ’25 vs. ‘24 +8% Newsmax TV Audience Reach Jan-Sept '25 vs. ‘24 +25% Newsmax 2 Viewership Growth Jan-Sept '25 vs. ‘24 Add Text Growth vs election cycle? For total viewership? Challenging compare +4% Total Viewers 2Q26 vs. 2Q25
Digital & Social Disruption • Fragmented news outlets and rise of misinformation • Click-driven economics • Market void emerges, trust gap grows Legacy Media Overreach • CNN, Fox lean into entertainment and spectacle • Ratings chase undermines credibility • Audiences overwhelmed by conflict journalism The Return to Trusted Voices • Journalism and informed opinion • Audiences turn away from sensationalism, seeking truth • Newsmax among the most trusted news brands 1 covering issues Americans deeply care about Newsmax – Building The Future Of Journalism Restoring Trust in News Golden Age of News • Select few universally trusted sources • Mass audiences and stable monetization • Proof that audiences reward authoritative journalism Pre-2010 2010-2020 COVID-2025 Future State 4 1. Economist / YouGov annual survey of Trust in Media.
SOCIOGRAPHIC SHIFTS MEDIA SHIFTS Capitalizing On Secular Shifts In Media And Society • National and global interest in politics and society on the rise • Demographics increasingly identify by political ideology • Being “conservative” is more nuanced • Growing need to separate facts from misinformation in the age of AI Strategic Edge • Cable, streaming, web, social and apps are now all viable platforms • Less consolidated news ecosystem with fragmented sources • Viewership and ad dollars increasingly flow to live content • FAST channels lead growth • Streaming driving premium content ✓ Purpose-built for multi- channel, multi-media ✓ Appeals to American values ✓ Not beholden to a media conglomerate ✓ Innovative monetization & audience engagement ✓ Unified, focused leadership and trusted brand 5
6 News Business Today News Consumption Diversifying Trust is in Decline Less Competitive On The Right Proportion that used each as a source of news in the last week in the U.S. Americans’ trust in mass media is at an all time low Top 15 multi-channel news source preferences by political affiliation in the U.S. 13 2 Dem / Lean Dem Rep / Lean RepDem / Le Rep / Rep 1 2 72% 45% 47% 8% 27% 56% 75% 77% TV Print Social media Any online* 72% 28% Source: Reuters Institute DNR 2026. *Incl. sites/apps, social/video, podcasts, AI chatbots. Source: Gallup. Sources: Pew Research.
Battleground Settled Fighting for Basis Points Battleground Open Huge Whitespace The Opportunity ✓ Purpose-built for multi- channel, multi-media ✓ Appeals to American values ✓ Not beholden to a media conglomerate ✓ Innovative monetization & audience engagement ✓ Unified, focused leadership and trusted brand Strategic Edge 7
Newsmax Reach – Now A Growth Amplifier Digital Media / Subscription Expansion Advertising Revenue Growth Affiliate Fee Upside Expand Revenue Opportunities, International and More Significant upside as MVPD / OTT renewals move toward industry benchmarks Leveraging ratings momentum, premium demographics (35–64), and multi-platform campaigns Scaling Newsmax App, Newsmax+, Newsmax2 to capture digital-first audiences International growth and expand audience lifetime value by selectively offering our audience new products and services 8
$2.67 $1.31 $0.66 $0.41 $0.39 Fox News CNN CNBC Fox Business MSNBC NewsMax 60M 58M 59M 58M 60M 57M #1 #3 #5 #6 #2 #4 Affiliate Fees Set To Reprice CAPITALIZING ON REACH AND GROWTH Source: Nielsen as of December 2025, Kagan (*average monthly affiliate fee per subscriber in 2025). Affiliate Fees Significant Opportunity Built-In Growth Catalyst – Expiring contracts reset at market rates High-Margin Upside – Flows directly to bottom line Massive Gap to Peers – Current rates trail peers by average of 7x Distribution Parity – Now in ~60M homes, on par with peers Audience Outperformance – More viewers than CNBC + FOX Business combined in access & prime Affiliate Rate Per Subscriber ($ per month) 9 Nielsen Homes Ratings All Key Dayparts
Accelerating AD Growth NEWSMAX BEATS COMPEITION RECENT NATIONAL AD ADDITIONS Newsmax Broadcast AD Sales $15M $102M 2020 TTM 2Q26 +6x +1% -9% -21% -32% Total Day: Jan - Sep t ' 25 vs. ‘ 24 10 Top Advertisers – Turning To Newsmax Pending Updated Financials
~22M Newsmax Total App Downloads ~260K Newsmax+ Paid Subscribers TELEVISION STREAMING Online / Apps SOCIAL +26M Social Media Followers On All Platforms, for All People Highest 2Q in 4 Years +28% 2Q26 vs. 2Q25 11 Am ong t he be s t pe r - f o l l ower eng agement ra t e i n T V news Fast-Growing Footprint Broadens & Strengthens Our Brand Disclosure: Please note data is aggregated from Nielsen data, streaming dashboard of OTT providers, internal company estimates and other analytic services. The numbers and data are variable and subject to change. 300+ New Titles for World at War / War & Warriors ALL Key Hours Up 2Q26 vs. 2Q25 Growing On All Major Platforms +4% Audience Reach 2Q26 vs. 2Q25 +6.5M Newsmax.com Avg. Monthly Users 2Q26
HIGHLY ENGAGED AUDIENCE UNLOCKING SUBSTANTIAL SPEND Expanding Audience Lifetime Value Enhance Product Execution: Podcasts, radio, Newsmax.com, app, books, magazine, social, talent development, new digital media channels, seeking family friendly content Global Growth: New international licensing deals, live AI dubbing, broader global footprint and more correspondents worldwide Cross-Platform Integration: E-commerce, subscription bundles and digital ad growth Underleveraged Verticals: Finance, insurance, health and retirement services High income earners High net worth retirees Active and actionable families Socially responsible and community driven Highly digitally involved base, TV generation, social media savvy Loyal, action-oriented audience 12 Opportunities to Expand Our Offering
Global Growth Providing Enhanced Monetization Opportunities 13 100+ Countries Available N ew D ist r ibut ion Pa r t ne rsh ips : ✓ F r e e T V ( F r a n c e ) ✓ H O T ( I s r a e l ) ✓ P r i m e t e l ( C y p r u s ) ✓ D G O ( D I R E C T V L a t A m ) ✓ L G ( M e x i c o – N e w s m a x e n E s p a ñ o l ) ✓ P l e x ( S o u t h A m e r i c a , S p a i n – N e w s m a x e n E s p a ñ o l ) First and only live dubbed news channel U.S. Channel Carriage U.S. Channel Carriage & Live AI dubbing Brand L i censing Pa r t ne rsh ips : ✓ U k r a i n e ✓ P o l a n d ✓ R e p u b l i c o f S e r b i a ✓ R e p u b l i c o f C r o a t i a ✓ B o s n i a & H e r z e g o v i n a ✓ A l b a n i a ✓ S l o v e n i a ✓ N o r t h M a c e d o n i a ✓ M o n t e n e g r o
World-Class Leadership With Strategic Access CHRISTOPHER RUDDY Chief Executive Officer • Founded Newsmax in 1998 • Former Journalist at New York Post, Pittsburgh Tribune-Review • Served as Media Fellow, Hoover Institution • Mult ichannel News’ “News Titans”: Top 10 People to Know in TV News • Named Cablefax’s Top 100 Power Players Leadership Team Board A L E X A C O S T A • Served as 27 th U.S. Secretary of Labor • 30+ years of legal expertise across government, academia and private practice N A N C Y B R I N K E R • Philanthropist, Founder of Susan G. Komen for the Cure • Anchor for Newsmax TV P A U L A D O B R I A N S K Y • Vice Chair of the Atlantic Council's Scowcroft Center for Strategy and Security • Former SVP and Global Head of Government and Regulatory Affairs at Thomson Reuters D A V I D G A N D L E R • Co-Founder and former Chief Executive Officer of FuboTV Inc. • 15+ years in video sales in local broadcast and cable TV C H R I S N I X O N C O X • CEO of Lightswitch Capital, Argali Carbon Corporation and BioSource Feeds Corporation • Co-Founder and Managing Partner of OC Global Partners 14 D A R R Y L E B U R N H A M Chief Financial Officer • 35+ years of experience in corporate finance, treasury and operational management L A U R A V A I L Vice President of Marketing • 34+ years in marketing with an expertise in business growth and acquisition A N D Y B I G G E RS SVP of Content Distribution • 25+ years of experience overseeing content distribution across broadcast and cable platforms R A L P H R E N Z I E CEO of Newsmax Radio • 25+ years as a broadcast and media executive G A R Y K A N O F S K Y SVP of News & Operations • 45+ years in broadcast and media operations R O N A L D W I N D I S C H EVP of Corporate Finance • 35+ years of experience in corporate finance, investment banking, and capital markets L O K E S H T I W A R I Chief Information Officer • 15+ years of experience leading IT, software development, broadcast, and OTT D A V I D E V A N S • Former COO & CFO of Salem Media Group • 25+ years of executive leadership in the Media industry
RECORD REVENUES AND FIRST QUARTERLY NET INCOME AS A PUBLIC COMPANY 2Q FY26 Highlights Record Revenues of $54.1M, up 16.5% YoY Broadcasting Revenues of $45.8M, up 20.5% YoY Remains Fourth Highest-Rated Cable News Channel 15 $46.4 $54.1 2Q FY25 2Q FY26 Revenue ($ in millions) Announced an AI content partnership with Meta that will bring Newsmax content to users across its ecosystem +16.5% First Profitable Quarter as a Public Company, with Net Income of $2.9M and Adjusted EBITDA of $5.7M Broadcasting Revenue ($ in millions) $38.0 $45.8 2Q FY25 2Q FY26 +20.5% Continued to advance our international growth strategy as Newsmax Poland officially launched during the quarter, solidifying Newsmax brand to more than 100 countries worldwide
DRIVEN BY STRUCTURAL GROWTH Reaffirms FY26 Guidance: Accelerating Revenue Growth 16 • Company is reaffirming full-year 2026 guidance with Revenues of $212M to $216M, up 13% YoY at the midpoint of the range • Political advertising is not expected to be a meaningful contributor to growth • Top-line growth primarily driven by affiliate fee expansion, reflecting rate increases and new distribution channels, along with licensing partnerships • Continued investment in premium content and digital monetization • Expect improved profitability profile driven by operating leverage and reduced non-recurring legal and public company transition expenses FY25A FY26E YoY Change at Midpoint of Range Total Revenue $189M $212M - $216M +13%
Positioned to Generate Long-Term Shareholder Value Rapidly Expanding News Network with Strong Growth Trajectory Highly Loyal Audience with Significant Reach Diverse Platform Model with Multi-Faceted Revenue Streams World-Class Leadership with Strategic Access Debt-Free Balance Sheet with Capital Strength to Support Growth Platform and Reach Unlocks Monetization Upside 17
GRAPHIC
GRAPHIC
Filename: newsmaxirpresentation812001.jpg · Sequence: 7
Binary file (31140 bytes)
Download newsmaxirpresentation812001.jpg
GRAPHIC
GRAPHIC
Filename: newsmaxirpresentation812002.jpg · Sequence: 8
Binary file (118191 bytes)
Download newsmaxirpresentation812002.jpg
GRAPHIC
GRAPHIC
Filename: newsmaxirpresentation812003.jpg · Sequence: 9
Binary file (106363 bytes)
Download newsmaxirpresentation812003.jpg
GRAPHIC
GRAPHIC
Filename: newsmaxirpresentation812004.jpg · Sequence: 10
Binary file (125164 bytes)
Download newsmaxirpresentation812004.jpg
GRAPHIC
GRAPHIC
Filename: newsmaxirpresentation812005.jpg · Sequence: 11
Binary file (131623 bytes)
Download newsmaxirpresentation812005.jpg
GRAPHIC
GRAPHIC
Filename: newsmaxirpresentation812006.jpg · Sequence: 12
Binary file (97773 bytes)
Download newsmaxirpresentation812006.jpg
GRAPHIC
GRAPHIC
Filename: newsmaxirpresentation812007.jpg · Sequence: 13
Binary file (104132 bytes)
Download newsmaxirpresentation812007.jpg
GRAPHIC
GRAPHIC
Filename: newsmaxirpresentation812008.jpg · Sequence: 14
Binary file (105610 bytes)
Download newsmaxirpresentation812008.jpg
GRAPHIC
GRAPHIC
Filename: newsmaxirpresentation812009.jpg · Sequence: 15
Binary file (116355 bytes)
Download newsmaxirpresentation812009.jpg
GRAPHIC
GRAPHIC
Filename: newsmaxirpresentation812010.jpg · Sequence: 16
Binary file (94058 bytes)
Download newsmaxirpresentation812010.jpg
GRAPHIC
GRAPHIC
Filename: newsmaxirpresentation812011.jpg · Sequence: 17
Binary file (148181 bytes)
Download newsmaxirpresentation812011.jpg
GRAPHIC
GRAPHIC
Filename: newsmaxirpresentation812012.jpg · Sequence: 18
Binary file (120832 bytes)
Download newsmaxirpresentation812012.jpg
GRAPHIC
GRAPHIC
Filename: newsmaxirpresentation812013.jpg · Sequence: 19
Binary file (129533 bytes)
Download newsmaxirpresentation812013.jpg
GRAPHIC
GRAPHIC
Filename: newsmaxirpresentation812014.jpg · Sequence: 20
Binary file (155392 bytes)
Download newsmaxirpresentation812014.jpg
GRAPHIC
GRAPHIC
Filename: newsmaxirpresentation812015.jpg · Sequence: 21
Binary file (124789 bytes)
Download newsmaxirpresentation812015.jpg
GRAPHIC
GRAPHIC
Filename: newsmaxirpresentation812016.jpg · Sequence: 22
Binary file (129305 bytes)
Download newsmaxirpresentation812016.jpg
GRAPHIC
GRAPHIC
Filename: newsmaxirpresentation812017.jpg · Sequence: 23
Binary file (125961 bytes)
Download newsmaxirpresentation812017.jpg
XML — IDEA: XBRL DOCUMENT
XML
Filename: R1.htm · Sequence: 25
v3.26.1
Cover
Aug. 13, 2026
Cover [Abstract]
Document Type
8-K
Document Period End Date
Aug. 13, 2026
Registrant Name
NEWSMAX INC.
Entity Incorporation, State or Country Code
FL
Entity File Number
024-12567
Entity Tax Identification Number
99-2600308
Entity Address, Address Line One
750 Park of Commerce Drive
Entity Address, Address Line Two
Suite 100
Entity Address, City or Town
Boca Raton
Entity Address, State or Province
FL
Entity Address, Postal Zip Code
33487
City Area Code
561
Local Phone Number
686-1165
Written Communications
false
Soliciting Material
false
Pre-commencement Tender Offer
false
Pre-commencement Issuer Tender Offer
false
Title of 12(b) Security
Class B Common Stock, $0.001 par value per share
Trading Symbol
NMAX
Security Exchange Name
NYSE
Entity Emerging Growth Company
true
Entity Ex Transition Period
false
Central Index Key
0002026478
Amendment Flag
false
X
- Definition
Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
No definition available.
+ Details
Name:
dei_AmendmentFlag
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Area code of city
+ References
No definition available.
+ Details
Name:
dei_CityAreaCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Cover page.
+ References
No definition available.
+ Details
Name:
dei_CoverAbstract
Namespace Prefix:
dei_
Data Type:
xbrli:stringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
No definition available.
+ Details
Name:
dei_DocumentPeriodEndDate
Namespace Prefix:
dei_
Data Type:
xbrli:dateItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details
Name:
dei_DocumentType
Namespace Prefix:
dei_
Data Type:
dei:submissionTypeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 1 such as Attn, Building Name, Street Name
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine1
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 2 such as Street or Suite number
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine2
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the City or Town
+ References
No definition available.
+ Details
Name:
dei_EntityAddressCityOrTown
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Code for the postal or zip code
+ References
No definition available.
+ Details
Name:
dei_EntityAddressPostalZipCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the state or province.
+ References
No definition available.
+ Details
Name:
dei_EntityAddressStateOrProvince
Namespace Prefix:
dei_
Data Type:
dei:stateOrProvinceItemType
Balance Type:
na
Period Type:
duration
X
- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityCentralIndexKey
Namespace Prefix:
dei_
Data Type:
dei:centralIndexKeyItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityEmergingGrowthCompany
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 7A
-Section B
-Subsection 2
+ Details
Name:
dei_EntityExTransitionPeriod
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details
Name:
dei_EntityFileNumber
Namespace Prefix:
dei_
Data Type:
dei:fileNumberItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
Name:
dei_EntityIncorporationStateCountryCode
Namespace Prefix:
dei_
Data Type:
dei:edgarStateCountryItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityRegistrantName
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityTaxIdentificationNumber
Namespace Prefix:
dei_
Data Type:
dei:employerIdItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Local phone number for entity.
+ References
No definition available.
+ Details
Name:
dei_LocalPhoneNumber
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
+ Details
Name:
dei_PreCommencementIssuerTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
+ Details
Name:
dei_PreCommencementTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Title of a 12(b) registered security.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
+ Details
Name:
dei_Security12bTitle
Namespace Prefix:
dei_
Data Type:
dei:securityTitleItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the Exchange on which a security is registered.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
+ Details
Name:
dei_SecurityExchangeName
Namespace Prefix:
dei_
Data Type:
dei:edgarExchangeCodeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
+ Details
Name:
dei_SolicitingMaterial
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details
Name:
dei_TradingSymbol
Namespace Prefix:
dei_
Data Type:
dei:tradingSymbolItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
+ Details
Name:
dei_WrittenCommunications
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration