What move does the options market price into Newsmax's report?

Implied ±7.2%, either direction.

How often does Newsmax move more than the options market prices?

1 of the last 6 reports moved at least as far as the implied move.

NMAXNYSETelevision Broadcasting Stations

Newsmax Inc. (NMAX) earnings date, market-implied expected move, and options open interest by expiry

7.36

Closed16:00 ET

Open7.50Volume717,620Mkt cap$949.0MP/E61.33EPS0.12

Day7.24 – 7.5047%52-wk5.11 – 12.1132%

NMAX

Newsmax Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±7.2%implied · report alone

8Q avg ±5.0%·×1.45·rich

6.817.87

straddle ±9.8%

spot 7.34exp Nov 13ATM strike 7.5ATM straddle 0.85IV 103%

Nov 6 closereport share · term structure

Expected move

Inputs

Next report

Nov 12

after close · in 5 days

est.Q3 FY26

Calendar

Next report

Last report

+14.54%

vs ±8.4% implied · ×1.72

shaded = implied · ▲▼ = realized

Aug 13 '26 · confirmed

Implied vs realized

Largest filed tie

—

Supply chain

13F top-10 QoQ

+6.54%

shares held · 10 largest managers

13F · Jun 30 '26130d lag

232 managers

Top fund weight

0.01%

NMAX weight · IWM

N-PORTJun 30 '26

3 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Newsmax (NMAX) is expected to report on Nov 12 after close (estimated date).

Implied vs realized

6 reports

1 of 6≥ implied

avg implied: ±7.1%
avg realized: ±5.0%

May 15 '25May 15 '25confirmed±4.1%▲+2.54%×0.61

Q3 FY25Aug 20 '25confirmed±6.2%▲+0.15%×0.02

Nov 13 '25Nov 13 '25confirmed±7.2%▼−6.92%×0.96

Q1 FY26Mar 26 '26confirmed±8.0%▼−1.67%×0.21

May 14 '26May 14 '26confirmed±8.6%▲+4.05%×0.47

Q2 FY26Aug 13 '26confirmed±8.4%▲+14.54%×1.72

quarterimplied−15%0+15%realized×

Q2 FY26±8.4%▲+14.54%×1.72

May '26±8.6%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 8 expiries · Nov 5 close

0.39OI · 8 expiries · Nov 5 closeP/C open interest · Nov 13 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

800%Nov 136d207+18%

2020%Nov 2013d0.171,198+1%0.17

150%Nov 2720d0.63240%0.63

0—Dec 427d0.00150%0.00

1—Dec 1134d0.254—0.25

3 later expiries

20%Dec 1841d0.02103−2%0.02

3,7640%Jan 1569d0.49

ExpiryPutsCallsP/C

Nov 136d800%207+18%0.39

Nov 2013d2020%1,198+1%0.17

Nov 2720d150%240%0.63

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±9.8%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

5.30%as filednet margin · revenue +4.76% QoQ · +16.53% YoY

Revenue

$54M+4.76% QoQ

Gross profit

$23M+17.09% QoQ

43.12% margin

Operating income

$1M+129.20% QoQ

2.41% margin

Pre-tax income

$3M+231.03% QoQ

Net income

$3M+231.03% QoQ

5.30% margin

Cost of revenue

$40M−2.75% QoQ

Operating expenses

$13M−14.30% QoQ

SG&A $9M

Marketing $4M

Depreciation $525,142

Other income

$2M−31.50% QoQ

Revenue$54M+4.76%

Gross profit

$23M+17.09%

43.12% margin

Operating income

$1M+129.20%

2.41% margin

Pre-tax income

$3M+231.03%

Net income

$3M+231.03%

5.30% margin

Cost of revenue

$40M−2.75%

Operating expenses

$13M−14.30%

SG&A $9M

Marketing $4M

Depreciation $525,142

Other income$2M−31.50%

Tax$0

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 6 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

PCE ×0.99· ±4.2% vs ±4.3% · 17 releases

eventrelease day|move|up · n×base

PCEpersonal income & outlays±4.2%10 of 17×0.99

CPROFcorporate profits±3.5%6 of 11×0.82

NFPjobs report±3.4%3 of 10×0.80

GDPgross domestic product±3.3%11 of 17×0.76

PPIproducer prices±2.7%6 of 11×0.63

FOMCrate decision±2.5%5 of 13×0.59

CPIconsumer prices±2.4%6 of 11×0.56

Bar = avg |move| to ±5% · tick = ±4.3% avg day · ×base = |move| ÷ ±4.3% · min 6 releases

Earnings history

EPS 0.02 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 13 '26 · confirmed	0.02	—
Q1 FY26	Mar 26 '26 · confirmed	-0.02	—
Q3 FY25	Aug 20 '25 · confirmed	-0.03	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod