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MediaAlpha MAX Operating Income

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Other financials

Income statement

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Revenue$316.9M+25.9%
Gross profit$45.2M+19.9%
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:OperatingIncomeLoss.

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 itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
General and administrative14,00847,14827,55064,743
Write-off of intangible assets13,416
Total costs and operating expenses296,913271,664584,543535,857
Income (loss) from operations19,962(20,042)42,336(19,926)
Other (income), net(37,903)(695)(38,518)(1,151)
Interest expense2,7742,8705,2155,825
Total other (income) expense, net(35,129)2,175(33,303)4,674
Income (loss) before income taxes55,091(22,217)75,639(24,600)

Item 1. Financial Statements.

FAQ

What is MediaAlpha's operating income?
MediaAlpha (MAX) reported operating income of $19.96M in Q2 2026.
How has MediaAlpha's operating income changed year-over-year?
MediaAlpha's operating income increased by 199.6% year-over-year, from -$20.04M to $19.96M.
What is the long-term trend for MediaAlpha's operating income?
Over 3 years (2022 to 2025), MediaAlpha's operating income has grown at a -14.5% compound annual growth rate (CAGR), from -$35.39M to $22.12M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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