MAX · XBRL financial data

MediaAlpha financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

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 years (MAX's year ends in late December)

In millions of dollarsDec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025
Revenue from contracts with customers5856454593888651,114
Cost of revenue499544389321721946
Research and development121521182021
General and administrative336156635690
Operating income (loss)202(35)(40)4322
Interest expense889151411
Other income (expense)—(4)75(2)(5)(122)
Income tax expense (benefit)(1)(1)103(0)1(138)
Net income (loss)(4)(5)(58)(40)1726
Earnings per share, basic USD per share(0.14)(0.14)(1.37)(0.89)0.310.46
Earnings per share, diluted USD per share(0.14)(0.19)(1.37)(0.89)0.310.39
Weighted average shares, basic millions of shares323742465356
Weighted average shares, diluted millions of shares326142465367

Balance sheet

CSV

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

In millions of dollarsDec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025
Cash and cash equivalents245115174347
Accounts receivable96766054143123
Prepaid and other current assets8106444
Total current assets1281378075190174
Property and equipment, net1—————
Right-of-use asset—43221
Goodwill181848484848
Total assets210290170154262384
Accounts payable9862545610691
Accrued liabilities91414121935
Current portion of long-term debt09912922
Total current liabilities107847780133148
Long-term debt183178174162154132
Lease liability, non-current—32210
Total liabilities315351256248309413
Accumulated deficit(419)(424)(482)(523)(506)(480)
Total stockholders' equity(34)(4)(16)(10)24
Total liabilities and equity210290170154262384

Cash flows

CSV

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

In millions of dollarsDec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025
Net income (loss)(4)(5)(58)(40)1726
Stock-based compensation254658533430
Net cash from operating activities512928204666
Purchases of property and equipment010000
Net cash from investing activities(10)(1)(50)(0)(1)(0)
Proceeds from issuing common stock12400———
Proceeds from long-term debt21019000——
Repayments of long-term debt12418610101310
Net cash from financing activities(28)(1)(15)(17)(19)(62)
Net change in cash1427(36)3264

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 ($M)Revenue, quarter ($M)Operating cash flow, quarter ($M)Shares outstandingQuarter
MediaAlpha1937622*not reported 10-QSep 30, 2026
CONDUENT2285317*155.5M 10-QJun 30, 2026
Mobility Global186468not reported294.8M 10-QJun 30, 2026
International Money Express151not reported113*30.2M 10-QJun 30, 2026
Paysign176281.3*56.5M 10-QJun 30, 2026
Claritev1425793*16.9M 10-QJun 30, 2026
Nutex Health20521134*6.8M 10-QJun 30, 2026
Cass Information Systems23284.3*12.8M 10-QSep 30, 2026
Priority Technology Holdings12026232*82.4M 10-QJun 30, 2026

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