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MediaAlpha MAX Health insurance — Revenue

Other product segments

Property & casualty insurance
$292.79M+31.2%
Life insurance
$5.84M+4.8%
Other
$210K-86.5%

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$842.05M+1.5%

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 us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

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 health insurance — revenue?
MediaAlpha (MAX) reported health insurance — revenue of $11.17M in Q1 2026.
How has MediaAlpha's health insurance — revenue changed year-over-year?
MediaAlpha's health insurance — revenue decreased by 67.1% year-over-year, from $33.94M to $11.17M.
What is the long-term trend for MediaAlpha's health insurance — revenue?
Over 4 years (2021 to 2025), MediaAlpha's health insurance — revenue has grown at a -16.5% compound annual growth rate (CAGR), from $176.46M to $85.7M.
What does health insurance — revenue mean?
This metric represents the total gross revenue generated from the sale of consumer referrals specifically within the health insurance vertical. It reflects the company's ability to monetize its technology platform by connecting health insurance carriers with prospective customers seeking coverage. Tracking this revenue stream provides insight into the demand for health insurance lead acquisition and the company's competitive positioning within the broader health insurance marketplace.