# Newsmax Inc. (NMAX) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from Newsmax Inc.'s 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/NMAX/mda/fy2025/): filed 2026-03-26; accession 0002026478-26-000026 (https://www.sec.gov/Archives/edgar/data/2026478/000202647826000026/nmax-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/NMAX/mda/fy2024/): filed 2025-03-31; accession 0002026478-25-000013 (https://www.sec.gov/Archives/edgar/data/2026478/000202647825000013/nmax-20241231x10k1.htm)

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