The Warning with Steve Schmidt
Investor Due Diligence Report
by Steve Schmidt
substackPolitics
Explains what is happening, and why in our turbulent era. Delivers 1 WRITTEN and 1-2 videos PER DAY, 365 DAYS/YEAR.
178K
10.6K paid
-0.3%
Insufficient data
24 of 30 days needed
Pricing
$8/mo
$80/yr annual option
$67K
10.6K paid subs
$67K/mo – $67K/mo(±0%)
47.6
548.0
0.33%
(comments + likes) / subscribers
Daily
14.6 posts/week
86/100
Very Consistent (~1.1d avg)
| Newsletter | Subscribers | Weekly Growth | Price | Platform |
|---|---|---|---|---|
| Adam Kinzinger | 454K | +0.2% | $9/mo | substack |
| Thinking about... | 450K | +0.2% | $7.5/mo | substack |
| Glenn Greenwald | 319K | -0.3% | $8/mo | substack |
| Our Moral Moment w/ Bishop William Barber & Jonathan Wilson-Hartgrove | 243K | -0.2% | $8/mo | substack |
| Month | Subscribers | Est. Revenue | Change |
|---|---|---|---|
| Feb 2026 | 177K | $77,025.96 | — |
| Mar 2026 | 178K | $77,464.8 | ~0% |
| Apr 2026 | 178K | $77,464.8 | ~0% |
| May 2026 | 179K | $77,897.28 | ~0% |
Platform Dependency
Hosted on substack subdomain
Publishing Consistency
Regular publishing schedule
Key Person
Single-author publication — key-person dependency
Audience Concentration
Hit-driven — top post engagement 3x+ above average
Subscriber threshold
178K subscribers — above the 6K category median for first paid tier
Has paid tier
Active paid subscription offering
Peer monetization
100% of 58 similar-size peers in Politics have paid tiers
Pricing position
$8/mo vs $6/mo category median (1266 newsletters)
| Date | Monthly | Annual |
|---|---|---|
| Mar 2026 | $8 | $80 |
Disclaimer: This report is generated automatically based on publicly available data and proprietary estimation models. Estimated subscriber counts are derived from engagement patterns and should be verified through direct disclosure. Revenue estimates are based on known pricing and estimated paid subscriber counts. This report is for informational purposes only and should not be the sole basis for investment decisions.
| Component | Score | Weight |
|---|---|---|
| Engagement Rate | 90/100 | 30% |
| Paid Subscriber Ratio | 100/100 | 25% |
| Growth Consistency | 20/100 | 15% |
| Publishing Consistency | 54/100 | 10% |
| The Big Picture |
| 200K |
| N/A |
| $6/mo |
| substack |
Revenue Model
Active paid subscription tier