NYSE:MAX
MediaAlpha, Inc.
MediaAlpha, Inc.'s revenue grew 28.8% in fiscal 2025 to $1.1B while operating margin fell to 2.0%. Free cash flow was $65.3M, 5.9% of revenue, and the diluted share count rose 25.9%.Summary generated from MediaAlpha, Inc.'s SEC filings. Latest annual report filed Feb 23, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$1.1B
Revenue growth+28.8%
Revenue, 5-yr CAGR+13.7%
Gross margin15.0%
Operating margin2.0%
Net margin2.3%
ROIC15.0%
Return on equity783.8%
Debt / equity36.88
Free cash flow$65.3M
FCF margin5.9%
Share count change+25.9%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 645 | 459 | 388 | 865 | 1,114 |
| Operating income | 2 | −35 | −40 | 43 | 22 |
| Net income | −5 | −58 | −40 | 17 | 26 |
| Free cash flow | 28 | 28 | 20 | 46 | 65 |
Recent filings
- 4Insider transaction report
Oct 9, 2026 - 4Insider transaction report
Oct 2, 2026 - 8-KEntry into a material agreement
Sep 9, 2026 - 8-KDirector or officer change
Sep 3, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Jul 29, 2026 - 8-KResults of operations and financial condition
Jul 29, 2026 - 8-KEntry into a material agreement
Jun 29, 2026 - 8-KDirector or officer change
May 18, 2026