Revenue
2018
2019
2020
2021
2022
2023
2024
2025
MediaAlpha, Inc. (MAX)
Price$12.04Cached quote
Net income
2018
2019
2020
2021
2022
2023
2024
2025
Free cash flow
2018
2019
2020
2021
2022
2023
2024
2025
Total cash / debt
CashTotal debt
2018
2019
2020
2021
2022
2023
2024
2025
Financial statements
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.11B | $864.7M | $388.1M | $459.1M | $645.3M | $584.8M | $408.0M | $296.9M |
| Gross profit | $167.5M | $143.6M | $66.7M | $70.1M | $101.5M | $85.4M | $65.1M | $49.2M |
| Gross margin | 15.05% | 16.60% | 17.19% | 15.26% | 15.73% | 14.60% | 15.95% | 16.58% |
| Research & development | $21.4M | $19.8M | $18.5M | $21.1M | $15.2M | $12.4M | $7.0M | $10.3M |
| Operating expenses | $1.09B | $822.0M | $428.1M | $494.5M | $643.1M | $565.3M | $383.2M | $277.6M |
| Operating income | $22.1M | $42.7M | −$39.9M | −$35.4M | $2.1M | $19.5M | $24.8M | $19.3M |
| Operating margin | 1.99% | 4.94% | −10.29% | −7.71% | 0.33% | 3.34% | 6.09% | 6.51% |
| EBITDA | $25.4M | $49.4M | −$32.7M | −$29.2M | $5.5M | $19.8M | $25.1M | $19.5M |
| EBITDA margin | 2.28% | 5.71% | −8.41% | −6.37% | 0.85% | 3.39% | 6.16% | 6.57% |
| Net income | $25.6M | $16.6M | −$40.4M | −$57.7M | −$5.3M | −$4.4M | $17.8M | $18.1M |
| Net profit margin | 2.30% | 1.92% | −10.41% | −12.56% | −0.82% | −0.75% | 4.37% | 6.10% |
| Basic EPSper basic share | $0.46 | $0.31 | -$0.89 | -$1.37 | -$0.14 | -$0.14 | — | — |
| Diluted EPSper diluted share | $0.39 | $0.31 | -$0.89 | -$1.37 | -$0.19 | -$0.14 | — | — |
Owners
Reported shareholders
33.69%of listed shares
WHITE MOUNTAINS INSURANCE GROUP LTD17.86M shares · Jun 30, 2026
View holders
| Holder | % owned |
|---|---|
WHITE MOUNTAINS INSURANCE GROUP LTD | 33.69%17.86M shares |
BlackRock, Inc. | 6.40%3.39M shares |
Yi Steven | ≈5.39%2.86M shares |
Clearline Capital LP | 5.12%2.71M shares |
Nonko Eugene | ≈4.03%2.14M shares |
JPMORGAN CHASE & CO | 3.55%1.88M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 2.41%1.28M shares |
Thompson Patrick Ryan | ≈2.08%1.1M shares |
GEODE CAPITAL MANAGEMENT, LLC | 2.02%1.07M shares |
Divisadero Street Capital Management, LP | 1.92%1.02M shares |
JACOBS LEVY EQUITY MANAGEMENT, INC | 1.83%971.23K shares |
ACADIAN ASSET MANAGEMENT LLC | 1.81%957.1K shares |
JACOBS ASSET MANAGEMENT, LLC | 1.74%919.76K shares |
STATE STREET CORP | 1.63%862.24K shares |
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 1.57%829.96K shares |
MORGAN STANLEY | 1.55%821.17K shares |
Nuveen, LLC | 1.42%752.45K shares |
DIMENSIONAL FUND ADVISORS LP | 1.32%701.91K shares |
J. Goldman & Co LP | 1.13%598.07K shares |
COYNE JEFFREY B | ≈1.12%591.76K shares |
Percentages use 53M shares of this listed class outstanding on Jun 30, 2026. ≈ compares the latest reported holding with a share total from a different date; it is not a confirmed current stake.
Gray completes the 100% scale. Reported positions may overlap; holders have different reporting dates.
Source: SEC Form 13F ↗Updated Sep 29, 2026 · Quarterly data
Insider buys & sells
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Jun 26, 2026Form 4 · 10b5-1 | Yeh Kuanling AmyChief Technology Officer | SellClass A Common Stock | 3.0K | $11.16 | $33.5K | 567.0K |
| Jun 24, 2026Form 4 · 10b5-1 | Nonko EugeneDirector | SellClass A Common Stock · indirect | 6.7K | $10.47 | $69.8K | 1.19M |
| Jun 24, 2026Form 4 · 10b5-1 | Nonko EugeneDirector | SellClass A Common Stock | 1.1K | $10.46 | $11.2K | 950.2K |
| Jun 23, 2026Form 4 · 10b5-1 | Nonko EugeneDirector | SellClass A Common Stock · indirect | 6.7K | $10.17 | $67.8K | 1.19M |
| Jun 23, 2026Form 4 · 10b5-1 | Nonko EugeneDirector | SellClass A Common Stock | 1.1K | $10.09 | $10.8K | 951.2K |