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MAX · XBRL financial data

MediaAlpha financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

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How these numbers work
  • Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
  • Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
  • * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
  • 0 means a filing states zero; a dash (—) means no filing states that number.
  • “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
  • Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
  • Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
  • Shares outstanding come from each filing's cover page, as of the date printed there.
  • Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

CSV

Fiscal quarters (MAX's year ends in late December)

In thousands of dollarsDec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026Sep 30, 2026
Revenue from contracts with customers117,174*126,649178,274259,133300,648*264,309251,622306,514291,155*310,004316,875375,946
Cost of revenue94,892*102,969146,589219,907251,666*222,670213,935263,108246,344*263,305271,701320,618
Research and development3,933*4,3635,0525,3285,021*4,8865,3535,8295,328*5,4556,0436,211
General and administrative12,273*11,14913,82411,79419,592*17,59547,14812,62012,193*13,54214,00815,038
Operating income (loss)446*2,3726,49315,60818,252*116(20,042)19,73322,313*22,37419,96228,834
Interest expense3,918*3,8453,7513,5623,193*2,9552,8702,8082,610*2,4412,7742,760
Other income (expense)(614)*91,808154(6,843)*456695772(123,861)*61537,90311,093
Income tax expense (benefit)(793)*27130312915*(49)31654(138,143)*6,50213,3087,807
Net income (loss)(2,366)*(1,113)3,6209,4824,640*(1,948)(18,742)14,90731,406*11,46739,43825,754
Earnings per share, basic USD per share(0.05)*(0.02)0.070.170.08*(0.04)(0.33)0.260.56*0.210.730.49
Earnings per share, diluted USD per share(0.05)*(0.02)0.070.170.08*(0.04)(0.33)0.26—0.210.650.46
Weighted average shares, basic thousands of shares46,992*48,57453,36854,91055,277*55,63256,14156,61856,572*55,84653,74853,086
Weighted average shares, diluted thousands of shares46,992*48,57453,36854,91055,277*55,63256,14156,618—55,84662,07262,831

Balance sheet

CSV

Fiscal quarters (MAX's year ends in late December)

In thousands of dollarsDec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026Sep 30, 2026
Cash and cash equivalents17,27114,47128,65932,30443,26663,56185,38138,84146,87626,05123,74518,677
Accounts receivable53,77357,49590,696126,814142,932114,846102,776129,171123,019133,796141,567166,945
Prepaid and other current assets3,5293,6613,3402,9363,7114,0584,3174,2264,4775,3586,0287,087
Total current assets74,57375,627122,695162,054189,909182,465192,474205,738174,372165,205171,340192,709
Right-of-use asset2,199———1,861———1,245———
Goodwill47,73947,73947,73947,73947,73947,73947,73947,73947,73947,73947,73947,739
Total assets153,925153,023198,225236,110262,447239,983249,418266,230383,831367,715359,816372,225
Accounts payable56,27953,58690,604109,577105,56382,35475,838102,68191,09491,398113,404121,718
Accrued liabilities11,58810,83311,80814,20218,54218,20363,98065,00134,74614,60412,50616,814
Current portion of long-term debt11,85411,8668,8298,8398,8498,8598,86922,00121,8077,1677,1687,172
Total current liabilities79,72176,285111,241132,618132,954109,416148,687189,683147,647113,169133,078145,704
Long-term debt162,445160,234158,023155,811153,596151,375149,154133,686131,602156,336169,542167,748
Lease liability, non-current1,650———1,122———415———
Total liabilities248,350242,426276,195295,731308,679281,167306,375332,007413,025396,807364,764352,468
Accumulated deficit(522,562)(523,675)(520,055)(510,573)(505,933)(507,881)(526,623)(511,716)(480,310)(468,843)(429,405)(403,651)
Total stockholders' equity(10,294)(19,068)(24,397)(8,363)2,3787,919(3,774)(29,755)4,1601,91728,41251,327
Total liabilities and equity153,925153,023198,225236,110262,447239,983249,418266,230383,831367,715359,816372,225

Cash flows

CSV

Fiscal quarters (MAX's year ends in late December)

In thousands of dollarsDec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026Sep 30, 2026
Net income (loss)(2,366)*(1,113)3,6209,4824,640*(1,948)(18,742)14,90731,406*11,46739,43825,754
Stock-based compensation9,378*8,6349,221*8,597*7,631*7,0248,112*7,662*7,533*7,2598,472*8,123*
Net cash from operating activities5,294*1,67821,609*8,056*14,529*23,70125,722*23,623*(7,448)*(1,556)42,587*21,604*
Purchases of property and equipment13*34130*43*47*57175*68*40*42774*128*
Net cash from investing activities(13)*(34)(130)*(443)*(47)*(57)(175)*(68)*(40)*(42)(774)*(128)*
Proceeds from long-term debtyear only————00*0*—150,0000*0*
Repayments of long-term debt2,375*2,3755,422*2,375*2,375*2,3752,375*2,375*2,375*148,9531,875*1,875*
Net cash from financing activities(3,206)*(4,444)(7,291)*(3,968)*(3,520)*(3,349)(3,727)*(36,595)*(17,977)*(19,227)(44,119)*(26,544)*
Net change in cash2,075*(2,800)14,188*3,645*10,962*20,29521,820*(13,040)*(25,465)*(20,825)(2,306)*(5,068)*

Compare with peers

SIC 7389 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen
  • SIC 7389 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
  • Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
  • * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
  • A cell reading “not reported” means the filings give no figure for that quarter alone.
CompanyCash ($K)Revenue, quarter ($K)Operating cash flow, quarter ($K)Shares outstandingQuarter
MediaAlpha18,677375,94621,604*not reported 10-QSep 30, 2026
CONDUENT228,000531,0007,000*155.5M 10-QJun 30, 2026
Mobility Global186,000468,000not reported294.8M 10-QJun 30, 2026
International Money Express150,636not reported112,718*30.2M 10-QJun 30, 2026
Paysign176,48328,2521,295*56.5M 10-QJun 30, 2026
Claritev14,373257,47892,671*16.9M 10-QJun 30, 2026
Nutex Health205,208210,75234,200*6.8M 10-QJun 30, 2026
Cass Information Systems228,47349,94316,937*12.8M 10-QJun 30, 2026
Priority Technology Holdings120,261262,25631,506*82.4M 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.