What does payments pursuant to tax receivable agreement mean?

Captures the actual cash outflows made to satisfy obligations under tax receivable agreements. These payments represent the distribution of realized tax benefits to legacy stakeholders as stipulated by contractual agreements. Tracking this is essential for evaluating the company's long-term cash commitments and capital allocation priorities.

MediaAlpha MAX Payments pursuant to tax receivable agreement

Payments pursuant to tax receivable agreement at other companies

Bumble, Inc.BMBL

$0-100%

LazardLAZ

$10.22M—

Select Water SolutionsWTTR

$77K-40.9%

AdaptHealthAHCO

$26.85M+7.3%

Nextpower Inc. NXT

$24.48M+57.8%

Shake ShackSHAK

$9.25K—

Other financials

Income statement

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Revenue$310.0M+17.3%

Gross profit$46.7M+12.2%

Operating income$22.4M+19,188%

Net income$11.5M+689%

EPS (diluted)$0.21+625%

Balance sheet

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Cash & equivalents$26.1M-59.0%

Total debt$163.5M+2.0%

Total equity$1.9M-75.8%

Total assets$367.7M+53.2%

Cash flow

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Operating cash flow-$1.6M-107%

CapEx$42.0K-26.3%

Free cash flow-$1.6M-107%

Valuation

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Market cap$594.68M+0.1%

Enterprise value$732.14M+6.0%

P/E15.2×-22.4×

P/S0.5×-0.1×

Profitability

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Gross margin14.9%-1.2pp

Operating margin3.8%-0.2pp

Net margin3.4%+1.8pp

FCF margin7.8%+2.4pp

Returns & leverage

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Return on equity793.8%—

Debt / equity85.3×+65.1×

Current ratio1.5×-0.2×

Where this comes from

Reported directly by MediaAlpha in its filing.

Tagged under the XBRL concept max:PaymentsForTaxReceivableAgreement.

The official record: MediaAlpha’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MediaAlpha's payments pursuant to tax receivable agreement?: MediaAlpha (MAX) reported payments pursuant to tax receivable agreement of $6.99M in Q1 2026.
What does payments pursuant to tax receivable agreement mean?: Captures the actual cash outflows made to satisfy obligations under tax receivable agreements. These payments represent the distribution of realized tax benefits to legacy stakeholders as stipulated by contractual agreements. Tracking this is essential for evaluating the company's long-term cash commitments and capital allocation priorities.