8 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $1.1B | $26M | 15.0% | 2.0% | $65M | $153M | $47M |
| 2024 | $865M | $17M | 16.6% | 4.9% | $46M | $162M | $43M |
| 2023 | $388M | -$40M | 17.2% | -10.3% | $20M | $174M | $17M |
| 2022 | $459M | -$58M | 15.3% | -7.7% | $28M | $183M | $15M |
| 2021 | $645M | -$5M | 15.7% | 0.3% | $28M | $187M | $51M |
| 2020 | $585M | -$4M | 14.6% | 3.3% | $51M | $183M | $24M |
| 2019 | $408M | — | 16.0% | 6.1% | $22M | $98M | $10M |
| 2018 | $297M | — | 16.6% | 6.5% | $22M | — | — |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $310M | $11M | 15.1% | 7.2% | -$2M | $164M | $26M |
| Dec '25 | $291M | $31M | 15.4% | 7.7% | -$7M | $153M | $47M |
| Sep '25 | $307M | $15M | 14.2% | 6.4% | $24M | $156M | $39M |
| Jun '25 | $252M | -$19M | 15.0% | -8.0% | $26M | $158M | $85M |
| Mar '25 | $264M | -$2M | 15.8% | 0.0% | $24M | $160M | $64M |
| Dec '24 | $301M | $5M | 16.3% | 6.1% | $14M | $162M | $43M |
| Sep '24 | $259M | $9M | 15.1% | 6.0% | $8M | $165M | $32M |
| Jun '24 | $178M | $4M | 17.8% | 3.6% | $21M | $167M | $29M |
| Mar '24 | $127M | -$1M | 18.7% | 1.9% | $2M | $172M | $14M |
| Dec '23 | $117M | -$2M | 19.0% | 0.4% | $5M | $174M | $17M |
| Sep '23 | $75M | -$14M | 16.5% | -19.8% | — | $176M | $15M |
| Jun '23 | $85M | -$14M | 16.2% | -19.0% | — | $179M | $20M |
| Mar '23 | $112M | -$10M | 16.5% | -8.6% | — | $181M | $20M |
| Dec '22 | $124M | -$27M | 16.2% | -5.3% | — | $183M | $15M |
| Sep '22 | $89M | -$14M | 14.2% | -11.9% | — | $190M | $30M |
| Jun '22 | $103M | -$9M | 15.0% | -10.1% | — | $207M | $35M |
| Mar '22 | $143M | -$7M | 15.2% | -5.5% | — | $185M | $55M |
| Dec '21 | $162M | -$2M | 15.7% | -1.0% | — | $187M | $51M |
| Sep '21 | $153M | -$4M | 16.1% | -0.0% | — | $187M | $29M |
| Jun '21 | $157M | -$207000 | 15.9% | 1.2% | — | $183M | $15M |
How the market has priced MAX against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, MediaAlpha, Inc.'s revenue has grown 13.7% per year. These are computed facts, not advice.
As of FY2025, MediaAlpha, Inc. reported $153M of total debt against $47M of cash; operating income covered interest expense 2.0×.
In FY2025, gross margin was 15.0%, operating margin 2.0%, and net margin 2.3%.
As of Jun '26, MediaAlpha, Inc. traded at a price-to-earnings ratio of about 24.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.