MAX - NYSE

MediaAlpha, Inc.

MAX·NYSE

$8.29

-6.6%

Communication ServicesInternet Content & Information

MediaAlpha, Inc., through its subsidiaries, operates an insurance customer acquisition platform in the United States. It optimizes customer acquisition in various verticals of property and casualty insurance, health insurance, and life insurance. The company was founded in 2014 and is headquartered in Los Angeles, California. MediaAlpha, Inc. is a subsidiary of White Mountains Insurance Group, Ltd.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$448.18M

EPS0.4600

P/E Ratio18.02

Earnings Date08/05/2026

65.60M

Operating Cash Flow

43%

3Y+132.0%

5Y+28.0%

10Y+190.0%

-340.00K

Investing Cash Flow

-48%

3Y-99.0%

5Y-97.0%

10Y-47.0%

-61.65M

Financing Cash Flow

221%

3Y+325.0%

5Y+123.0%

10Y+142.0%

MediaAlpha, Inc. Cash Conversion Engine

MAX · NYSE

FCF Components

Net Income26.76M

Depreciation & Amortization3.25M

Stock-Based Compensation30.33M

Change in Working Capital5.22M

Others138.92M

Capital Expenditures-340.00K

Free Cash Flow65.26M

Cash Flow Quality Analysis

FCF Conversion Rate

243.9%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

0.5%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+43.1%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$5.22M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

MediaAlpha, Inc. Cash Flow Statement

MAX • NYSE

MediaAlpha, Inc. Cash Flow Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
OPERATING ACTIVITIES
Net Income	26.8M	22.1M	-56.6M	-72.4M	-8.5M	10.6M	17.8M	18.1M
Depreciation & Amortization	3.3M	6.7M	7.3M	6.1M	3.4M	3.5M	5.7M	12M
Change in Deferred Taxes	-138.9M	0.0	0.0	102.7M	919K	-545K	354K	533K
Stock-Based Compensation	30.3M	34.1M	53.3M	58.5M	45.7M	24.7M	2.3M	824K
Other Non-Cash Items	138.9M	9.1M	2.9M	-80.5M	2.8M	4.2M	665K	15K
Cash Taxes Paid	(0.0)	(228K)	(0.0)	(0.0)	(307K)	(0.0)	(0.0)	(0.0)
Change in Working Capital	5.2M	-26.1M	13.3M	14M	-15.7M	9M	-4.7M	-8.8M
Cash from Operating Activities	65.6M	45.9M	20.2M	28.3M	28.6M	51.4M	22.1M	22.6M
INVESTING ACTIVITIES
Investments in Property, Plant, and Equipment	-340K	-254K	-73K	-98K	-650K	-296K	-294K	-640K
Acquisitions, Net	(0.0)	(0.0)	(0.0)	-49.7M	(0.0)	(0.0)	(0.0)	(0.0)
Purchase of Investments	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	-10M	(0.0)	(0.0)
Other Investing Items	0.0	-400K	0.0	0.0	0.0	0.0	-148K	-10K
Cash from Investing Activities	-340K	-654K	-73K	-49.8M	-650K	-10.3M	-294K	-640K
FINANCING ACTIVITIES
Net Issuance of Common Stock	-47.3M	-6.3M	0.0	-5M	0.0	38.4M	-67.3M	0.0
Net Issuance of Debt	-9.5M	-12.5M	-9.5M	-4.5M	3.6M	86.4M	84.9M	-9.6M
Cash Paid for Dividends	(0.0)	-1.2M	-2.9M	-2.1M	-338K	-131.4M	-95.6M	-15.9M
Share Repurchases	-47.3M	-6.3M	(0.0)	-5M	(0.0)	-85.8M	-67.3M	(0.0)
Other Financing Items	-4.9M	854K	-5.1M	-2.9M	-4.2M	-20.9M	60.5M	0.0
Cash from Financing Activities	-61.6M	-19.2M	-17.4M	-14.5M	-961K	-27.6M	-17.5M	-25.4M
CASH FLOW SUMMARY
Net Change in Cash	3.6M	26M	2.7M	-36M	27M	13.5M	4.4M	-3.4M
Cash at Beginning of Period	43.3M	17.3M	14.5M	50.6M	23.6M	10M	5.7M	9.1M
Cash at End of Period	46.9M	43.3M	17.3M	14.5M	50.6M	23.6M	10M	5.7M
Free Cash Flow	65.3M	45.6M	20.2M	28.2M	28M	51.1M	21.8M	22M

SEC Filings

MAX - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 18, 2026	May 15, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 06, 2026	May 05, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	April 29, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 29, 2026	April 29, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 30, 2026	March 25, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	March 23, 2026	May 05, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 19, 2026	March 13, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 23, 2026	February 18, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 23, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2025 N/A	December 16, 2025	December 10, 2025	2025	View Filing

Showing 1 to 10 of 100 filings

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