MediaAlpha, Inc.
MediaAlpha, Inc.
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Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 24 | 26 | 47 | 39 | 85 | 64 | 43 | 32 | 29 | 14 | 17 | 15 | |||||
Restricted Cash Current | - | - | - | 34 | - | - | - | - | - | - | - | - | |||||
Accounts Receivable Net Current | 142 | 134 | 123 | 129 | 103 | 115 | 143 | 127 | 91 | 57 | 54 | 33 | |||||
Prepaid Expense And Other Assets Current | 6 | 5 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 4 | 4 | 3 | |||||
Assets Current | 171 | 165 | 174 | 206 | 192 | 182 | 190 | 162 | 123 | 76 | 75 | 51 | |||||
Intangible Assets Net Excluding Goodwill | 3 | 3 | 4 | 4 | 5 | 5 | 20 | 22 | 23 | 24 | 26 | 28 | |||||
Goodwill | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | |||||
Deferred Income Tax Assets Net | 131 | 144 | 150 | - | - | - | 0 | - | - | - | - | - | |||||
Other Assets Noncurrent | 8 | 8 | 8 | 9 | 5 | 5 | 5 | 5 | 5 | 5 | 6 | 7 | |||||
Assets | 360 | 368 | 384 | 266 | 249 | 240 | 262 | 236 | 198 | 153 | 154 | 133 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 113 | 91 | 91 | 103 | 76 | 82 | 106 | 110 | 91 | 54 | 56 | 39 | |||||
Accrued Liabilities Current | 13 | 15 | 35 | 65 | 64 | 18 | 19 | 14 | 12 | 11 | 12 | 13 | |||||
Long Term Debt Current | 7 | 7 | 22 | 22 | 9 | 9 | 9 | 9 | 9 | 12 | 12 | 9 | |||||
Liabilities Current | 133 | 113 | 148 | 190 | 149 | 109 | 133 | 133 | 111 | 76 | 80 | 60 | |||||
Long Term Debt Noncurrent | 170 | 156 | 132 | 134 | 149 | 151 | 154 | 156 | 158 | 160 | 162 | 168 | |||||
Deferred Income Tax Liabilities Net | 51 | 117 | 124 | 0 | 0 | 0 | 7 | - | - | - | 0 | - | |||||
Other Liabilities Noncurrent | 11 | 11 | 10 | 9 | 9 | 20 | 15 | 7 | 7 | 6 | 6 | 5 | |||||
Liabilities | 365 | 397 | 413 | 332 | 306 | 281 | 309 | 296 | 276 | 242 | 248 | 233 | |||||
Stockholders Equity Inclu… | |||||||||||||||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital Common Stock | 457 | 470 | 484 | 481 | 522 | 515 | 508 | 502 | 495 | 504 | 512 | 503 | |||||
Retained Earnings Accumulated Deficit | -429 | -469 | -480 | -512 | -527 | -508 | -506 | -511 | -520 | -524 | -523 | -520 | |||||
Stockholders Equity | -5 | -29 | -29 | -30 | -57 | 8 | -46 | -60 | -78 | -19 | -94 | -16 | |||||
Minority Interest | -33 | -31 | -33 | -36 | -53 | -49 | -49 | -51 | -54 | -70 | -84 | -83 | |||||
Liabilities And Stockholders Equity | 360 | 368 | 384 | 266 | 249 | 240 | 262 | 236 | 198 | 153 | 154 | 133 | |||||
Common Class A | -1 | 54 | 56 | 0 | 0 | 56 | 0 | 0 | 4 | 51 | 0 | 1 | |||||
Common Class B | 0 | 8 | 8 | -3 | 0 | 12 | 0 | 0 | -3 | 15 | 0 | 0 | |||||
Allowance For Doubtful Accounts Receivable | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 0 | |||||
Preferred Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |||||
Preferred Stock Shares Authorized | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -15.10% | 1.30% | 41.20% | - | - | - | - | - | - | - | - | - |
| 2025 | 19.29% | 26.55% | 22.38% | 2.13% | 16.33% | 11.21% | 6.65% | 15.11% | 2.70% | 23.42% | 29.47% | 3.73% |
| 2024 | -17.30% | -26.59% | -35.78% | 6.63% | 5.97% | 17.30% | -21.46% | -30.72% | -31.72% | -14.81% | -31.90% | -8.68% |
| 2023 | - | - | - | -10.10% | -13.71% | 3.29% | 0.10% | 16.62% | 10.60% | -0.60% | 0.55% | -0.15% |
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Performance and Valuation Metrics
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Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 1.29 | 1.46 | 1.18 | 1.08 | 1.29 | 1.67 | 1.43 | 1.22 | 1.10 | 0.99 | 0.94 | 0.85 | |||||
| Quick Ratio | 1.24 | 1.41 | 1.15 | 1.06 | 1.27 | 1.63 | 1.40 | 1.20 | 1.07 | 0.94 | 0.89 | 0.80 | |||||
| Working Capital | 38.26M | 52.04M | 26.73M | 16.06M | 43.79M | 73.05M | 56.96M | 29.44M | 11.45M | -658.00K | -5.15M | -9.23M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | -73.72 | -13.64 | -14.15 | -11.16 | -5.38 | 35.51 | -6.68 | -4.96 | -3.54 | -12.71 | -2.63 | -14.32 | |||||
| Interest Coverage TTM | 7.94 | 4.14 | 1.97 | 1.53 | 1.11 | 3.01 | 2.98 | 1.65 | -0.35 | -1.80 | -2.61 | -3.18 | |||||
| Debt Ratio | 1.01 | 1.08 | 1.08 | 1.25 | 1.23 | 1.17 | 1.18 | 1.25 | 1.39 | 1.58 | 1.61 | 1.75 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 4.02 | 3.82 | 3.45 | 4.47 | 4.81 | 5.10 | 4.15 | 3.69 | 2.94 | 2.63 | 2.40 | 1.98 | |||||
| Days Sales Outstanding TTM | 36.42 | 39.14 | 43.58 | 41.60 | 32.82 | 31.38 | 41.52 | 42.83 | 45.30 | 45.55 | 53.49 | 31.31 | |||||
| Receivables Turnover TTM | 10.02 | 9.33 | 8.37 | 8.77 | 11.12 | 11.63 | 8.79 | 8.52 | 8.06 | 8.01 | 6.82 | 11.66 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 1.63 | 0.70 | 0.38 | 0.06 | -0.09 | 0.38 | 0.42 | 0.16 | -0.37 | -0.89 | -1.24 | -1.68 | |||||
| Free Cash Flow Per Share TTM | 1.05 | 0.72 | 1.16 | 1.54 | 1.28 | 1.22 | 0.86 | 0.66 | 0.50 | 0.19 | 0.44 | 0.18 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 14.71% | 14.89% | 15.05% | 15.29% | 15.57% | 16.12% | 16.60% | 17.16% | 18.11% | 17.86% | 17.19% | 16.35% | |||||
| Operating Profit Margin TTM | 6.89% | 3.83% | 1.99% | 1.61% | 1.30% | 4.04% | 4.94% | 3.66% | -1.09% | -6.95% | -10.29% | -11.88% | |||||
| Net Profit Margin TTM | 8.25% | 3.37% | 2.30% | 0.29% | -0.45% | 2.12% | 2.56% | 1.28% | -3.92% | -10.69% | -14.57% | -19.61% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 13.84% | 15.66% | 28.78% | 64.86% | 116.58% | 148.62% | 122.78% | 72.47% | 21.31% | -5.82% | -15.45% | -20.47% | |||||
| Net Income Growth (1Y) | -2,174.11% | 83.42% | 15.85% | -62.16% | -75.01% | -149.40% | -139.11% | -111.23% | -73.40% | -30.96% | -1.93% | 120.24% | |||||
| EPS Growth (1Y) | -2,266.46% | 82.72% | 9.25% | -63.30% | -76.24% | -143.13% | -133.60% | -109.45% | -77.49% | -37.64% | -9.74% | 101.09% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 6.69 | 13.30 | 28.43 | 195.78 | -126.23 | 24.15 | 27.08 | 114.35 | -36.07 | -22.97 | -8.98 | -4.93 | |||||
| P/B TTM | -136.54 | -17.85 | -24.95 | -21.65 | -10.79 | 64.91 | -12.95 | -16.68 | -9.01 | -51.89 | -5.38 | -23.50 | |||||
| P/S TTM | 0.55 | 0.45 | 0.65 | 0.57 | 0.57 | 0.51 | 0.69 | 1.46 | 1.42 | 2.45 | 1.31 | 0.97 | |||||
| Market Cap | 675.61M | 519.37M | 728.36M | 644.31M | 614.75M | 514.04M | 598.86M | 994.42M | 702.86M | 989.46M | 508.14M | 381.86M | |||||
| Enterprise Value | 828.58M | 656.82M | 834.90M | 727.66M | 687.39M | 610.72M | 718.04M | 1.13B | 841.05M | 1.15B | 665.17M | 543.16M | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 56.28M | 40.02M | 65.26M | 87.23M | 71.69M | 67.62M | 45.62M | 36.42M | 26.94M | 9.23M | 20.11M | 8.15M | |||||
| Net Debt | 152.97M | 137.45M | 106.53M | 83.35M | 72.64M | 96.67M | 119.18M | 132.35M | 138.19M | 157.63M | 157.03M | 161.30M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
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| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| PEG Ratio | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
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| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
MediaAlpha, Inc. (MAX) — SEC Financial Statements & Analysis
MediaAlpha, Inc. (MAX) is a services-business services, nec company, incorporated in DE. MediaAlpha, Inc. trades on NYSE as: MAX. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), MediaAlpha, Inc. reported a 13.84% year-over-year revenue growth, a Gross Profit Margin of 14.71% (TTM), a Debt-to-Equity ratio of -73.72x, a Price-to-Sales (P/S) ratio of 0.55x (TTM), a Price-to-Book (P/B) ratio of -136.54x (TTM), at a market cap of $675.61M. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 13.84%
- Gross Profit Margin TTM
- 14.71%
- Debt To Equity
- -73.72x
- P/S TTM
- 0.55x
- P/B TTM
- -136.54x
- Market Cap
- $675.61M
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is MediaAlpha, Inc. in?
MediaAlpha, Inc. (MAX) operates in the Services-Business Services, NEC industry.
What is MAX's market cap?
MediaAlpha, Inc. (MAX) has a market capitalization of $675.61M as of 2026-06-30.
What is MAX's P/E ratio?
MediaAlpha, Inc. (MAX)'s trailing twelve month P/E ratio is 6.69x as of 2026-06-30.
What exchange does MAX trade on?
MediaAlpha, Inc. (MAX) trades on the NYSE.
Where is MediaAlpha, Inc. incorporated?
MediaAlpha, Inc. is incorporated in DE.