MediaAlpha, Inc.
MAXNYSEIndustrials · Services-Business Services, NEC · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $1.11B | $864.7M | $388.1M | $459.1M | $645.3M | $584.8M |
| Operating income | $22.1M | $42.7M | −$39.9M | −$35.4M | $2.1M | $19.5M |
| Net income | $25.6M | $16.6M | −$40.4M | −$57.7M | −$5.3M | −$4.4M |
| Total assets | $383.8M | $262.4M | $153.9M | $170.1M | $289.8M | $210.3M |
| Total liabilities | $413.0M | $308.7M | $248.3M | $256.2M | $351.4M | $315.5M |
| Equity | $4.2M | $2.4M | −$10.3M | −$16.0M | −$4.3M | −$33.8M |
| EPS (diluted) | $0.39 | $0.31 | $-0.89 | $-1.37 | $-0.19 | $-0.14 |
| Shares out. | 66.8M | 53.0M | 45.6M | 41.9M | 61.3M | 32.1M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 2.0%
- Net margin
- 2.3%
- Return on equity
- 615.9%
- Return on assets
- 6.7%
- Return on capital (ROCE)
- 9.4%
- Liabilities / assets
- 107.6%
- Debt / equity
- 99.28×
- Book value / share
- $0.06
- Revenue growth (YoY)
- 28.8%
- Net income growth (YoY)
- 54.1%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -3.22distress
- Accruals / assets
- −10.4%clean
- Piotroski F-Score
- 5/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 1 warning● 5 good- Altman Z″ in the distress zone
- High leverage (liabilities > 70% of assets)
- Operating margin is positive
- Strong return on equity (>15%)
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- White Mountains Insurance Group LtdActivist (13D)May 1, 2026
- Insignia Capital Partners Gp, L.L.C.Passive (13G)Nov 12, 2025
- Vanguard Group IncPassive (13G)Oct 31, 2025
- Blackrock, Inc.Passive (13G)Apr 29, 2025
- Nonko EugeneActivist (13D)Feb 28, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 3.3M | 5.4 | +4.9% |
| Apr 30, 2026 | 3.1M | 4.5 | -1.6% |
| Apr 15, 2026 | 3.2M | 7.1 | -2.1% |
| Mar 31, 2026 | 3.2M | 5.5 | -0.9% |
| Mar 13, 2026 | 3.3M | 3.7 | -9.9% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Director / officer change · Regulation FD disclosureMay 18, 2026
- Shareholder voteMay 6, 2026
- Results of operationsApr 29, 2026
- Entered a material agreementMar 30, 2026
- Director / officer changeMar 19, 2026
- Results of operations · Other material eventFeb 23, 2026
- Amended charter or bylawsDec 16, 2025
- Director / officer changeDec 5, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (3)
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