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MediaAlpha MAX Long-Term Debt

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Other financials

Income statement

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Revenue$316.9M+25.9%
Gross profit$45.2M+19.9%
Operating income$20.0M+200%
Net income$39.4M+310%
EPS (diluted)$0.65+297%

Balance sheet

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Cash & equivalents$23.7M-72.2%
Total debt$176.7M+11.8%
Total equity$28.4M+853%
Total assets$359.8M+44.3%

Cash flow

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Operating cash flow$42.6M+65.6%
CapEx$774.0K+342%
Free cash flow$41.8M+63.7%

Valuation

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Market cap$820.94M+52.3%
Enterprise value$973.9M+59.3%
P/E8.4×
P/S0.7×+0.2×

Profitability

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Gross margin14.7%-0.9pp
Operating margin6.9%+5.6pp
Net margin7.9%+7.4pp
FCF margin7.8%+2.4pp

Returns & leverage

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Return on equity793.8%
Debt / equity6.2×
Current ratio1.3×0.0×

Where this comes from

Reported directly by MediaAlpha in its filing.

Tagged under the XBRL concept us-gaap:LongTermDebtNoncurrent.

The source filing: MediaAlpha’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:17 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001818383-26-000200
Line itemJune 30,2026December 31,2025
Accrued expenses12,50634,746
Current portion of long-term debt7,16821,807
Total current liabilities133,078147,647
Long-term debt, net of current portion169,542131,602
Liabilities under tax receivables agreement, net of current portion50,951124,212
Other long-term liabilities11,1939,564
Total liabilities$364,764$413,025
Commitments and contingencies (Note 5)

Item 1. Financial Statements.

FAQ

What is MediaAlpha's long-term debt?
MediaAlpha (MAX) reported long-term debt of $169.54M in Q2 2026.
How has MediaAlpha's long-term debt changed year-over-year?
MediaAlpha's long-term debt increased by 13.7% year-over-year, from $149.15M to $169.54M.
What is the long-term trend for MediaAlpha's long-term debt?
Over 5 years (2020 to 2025), MediaAlpha's long-term debt has grown at a -6.3% compound annual growth rate (CAGR), from $182.67M to $131.6M.
What does long-term debt mean?
Bonds, term loans, notes payable, and other borrowings with maturities beyond one year — the primary long-term financing source.

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