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Side-by-side financial comparison of Newsmax Inc. (NMAX) and PUMA BIOTECHNOLOGY, INC. (PBYI). Click either name above to swap in a different company.

PUMA BIOTECHNOLOGY, INC. is the larger business by last-quarter revenue ($75.5M vs $52.2M, roughly 1.4× Newsmax Inc.). PUMA BIOTECHNOLOGY, INC. produced more free cash flow last quarter ($14.4M vs $1.8M).

Newsmax Inc. is a U.S.-headquartered media and broadcasting company that offers news coverage, political commentary, opinion pieces, and lifestyle programming across cable TV, official websites, mobile apps, and streaming platforms. It mainly caters to U.S. domestic audiences, with a core focus on conservative-oriented current affairs content segments.

Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.

NMAX vs PBYI — Head-to-Head

Bigger by revenue
PBYI
PBYI
1.4× larger
PBYI
$75.5M
$52.2M
NMAX
More free cash flow
PBYI
PBYI
$12.6M more FCF
PBYI
$14.4M
$1.8M
NMAX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NMAX
NMAX
PBYI
PBYI
Revenue
$52.2M
$75.5M
Net Profit
$-3.0M
Gross Margin
36.7%
69.3%
Operating Margin
-9.0%
22.7%
Net Margin
-5.7%
Revenue YoY
27.7%
Net Profit YoY
EPS (diluted)
$0.15
$0.26

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
NMAX
NMAX
PBYI
PBYI
Q4 25
$52.2M
$75.5M
Q3 25
$45.3M
$54.5M
Q2 25
$46.4M
$52.4M
Q1 25
$45.3M
$46.0M
Q4 24
$59.1M
Q3 24
$80.5M
Q2 24
$47.1M
Q1 24
$43.8M
Net Profit
NMAX
NMAX
PBYI
PBYI
Q4 25
$-3.0M
Q3 25
$-4.1M
$8.8M
Q2 25
$-75.2M
$5.9M
Q1 25
$-17.2M
$3.0M
Q4 24
Q3 24
$20.3M
Q2 24
$-4.5M
Q1 24
$-4.8M
Gross Margin
NMAX
NMAX
PBYI
PBYI
Q4 25
36.7%
69.3%
Q3 25
35.3%
77.7%
Q2 25
38.0%
76.5%
Q1 25
47.8%
77.1%
Q4 24
76.4%
Q3 24
63.9%
Q2 24
77.4%
Q1 24
75.5%
Operating Margin
NMAX
NMAX
PBYI
PBYI
Q4 25
-9.0%
22.7%
Q3 25
-15.9%
17.6%
Q2 25
-164.5%
12.7%
Q1 25
-25.5%
8.7%
Q4 24
22.6%
Q3 24
27.4%
Q2 24
-4.6%
Q1 24
-5.3%
Net Margin
NMAX
NMAX
PBYI
PBYI
Q4 25
-5.7%
Q3 25
-9.1%
16.2%
Q2 25
-161.9%
11.2%
Q1 25
-38.0%
6.5%
Q4 24
Q3 24
25.2%
Q2 24
-9.6%
Q1 24
-11.0%
EPS (diluted)
NMAX
NMAX
PBYI
PBYI
Q4 25
$0.15
$0.26
Q3 25
$-0.03
$0.17
Q2 25
$-0.59
$0.12
Q1 25
$-0.49
$0.06
Q4 24
$0.40
Q3 24
$0.41
Q2 24
$-0.09
Q1 24
$-0.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NMAX
NMAX
PBYI
PBYI
Cash + ST InvestmentsLiquidity on hand
$20.4M
$97.5M
Total DebtLower is stronger
$22.7M
Stockholders' EquityBook value
$106.0M
$130.3M
Total Assets
$239.8M
$216.3M
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NMAX
NMAX
PBYI
PBYI
Q4 25
$20.4M
$97.5M
Q3 25
$14.2M
$94.4M
Q2 25
$33.8M
$96.0M
Q1 25
$126.7M
$93.2M
Q4 24
$101.0M
Q3 24
$96.7M
Q2 24
$96.8M
Q1 24
$107.2M
Total Debt
NMAX
NMAX
PBYI
PBYI
Q4 25
$22.7M
Q3 25
$34.0M
Q2 25
$45.3M
Q1 25
$56.7M
Q4 24
$68.0M
Q3 24
$79.3M
Q2 24
$90.7M
Q1 24
$102.0M
Stockholders' Equity
NMAX
NMAX
PBYI
PBYI
Q4 25
$106.0M
$130.3M
Q3 25
$106.0M
$115.3M
Q2 25
$106.9M
$104.7M
Q1 25
$177.4M
$97.1M
Q4 24
$92.1M
Q3 24
$71.1M
Q2 24
$48.5M
Q1 24
$51.0M
Total Assets
NMAX
NMAX
PBYI
PBYI
Q4 25
$239.8M
$216.3M
Q3 25
$233.3M
$202.9M
Q2 25
$259.8M
$194.9M
Q1 25
$278.2M
$196.2M
Q4 24
$213.3M
Q3 24
$220.7M
Q2 24
$205.0M
Q1 24
$214.1M
Debt / Equity
NMAX
NMAX
PBYI
PBYI
Q4 25
0.17×
Q3 25
0.30×
Q2 25
0.43×
Q1 25
0.58×
Q4 24
0.74×
Q3 24
1.12×
Q2 24
1.87×
Q1 24
2.00×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NMAX
NMAX
PBYI
PBYI
Operating Cash FlowLast quarter
$2.6M
$14.4M
Free Cash FlowOCF − Capex
$1.8M
$14.4M
FCF MarginFCF / Revenue
3.4%
19.1%
Capex IntensityCapex / Revenue
1.7%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-107.1M
$41.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NMAX
NMAX
PBYI
PBYI
Q4 25
$2.6M
$14.4M
Q3 25
$-68.1M
$9.7M
Q2 25
$-23.2M
$14.1M
Q1 25
$-15.7M
$3.6M
Q4 24
$15.6M
Q3 24
$11.0M
Q2 24
$1.0M
Q1 24
$11.2M
Free Cash Flow
NMAX
NMAX
PBYI
PBYI
Q4 25
$1.8M
$14.4M
Q3 25
$-69.2M
$9.7M
Q2 25
$-23.8M
$14.1M
Q1 25
$-15.8M
$3.6M
Q4 24
$15.6M
Q3 24
$11.0M
Q2 24
$1.0M
Q1 24
FCF Margin
NMAX
NMAX
PBYI
PBYI
Q4 25
3.4%
19.1%
Q3 25
-152.9%
17.7%
Q2 25
-51.3%
26.8%
Q1 25
-34.9%
7.7%
Q4 24
26.4%
Q3 24
13.7%
Q2 24
2.1%
Q1 24
Capex Intensity
NMAX
NMAX
PBYI
PBYI
Q4 25
1.7%
0.0%
Q3 25
2.4%
0.0%
Q2 25
1.3%
0.0%
Q1 25
0.2%
0.1%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
NMAX
NMAX
PBYI
PBYI
Q4 25
Q3 25
1.10×
Q2 25
2.41×
Q1 25
1.21×
Q4 24
Q3 24
0.54×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NMAX
NMAX

Advertising$33.9M65%
Affiliate Fee$8.3M16%
Subscription And Circulation$6.2M12%
Products$2.6M5%
Supplement Sales$1.1M2%

PBYI
PBYI

Segment breakdown not available.

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