Mediaalpha
MAX · NYSE
Key indicators
MAX profitability and balance sheet ratios
EPS $0.6354 in Q2 FY26, against -$0.3338 a year earlier.
| Period | EPS |
|---|---|
| Q3 FY24 | $0.1727 |
| Q4 FY24 | $0.0839 |
| Q1 FY25 | -$0.035 |
| Q2 FY25 | -$0.3338 |
| Q3 FY25 | $0.2633 |
| Q4 FY25 | $0.3181 |
| Q1 FY26 | $0.2053 |
| Q2 FY26 | $0.6354 |
Where the money went
Q2 FY26, from revenue to net income
Mediaalpha brought in $316.9M of revenue in Q2 FY26, +25.9% on a year earlier. 12¢ of every dollar became profit.
- Revenue
- $316.9M
- Costs, expenses and taxes
- $277.4M
- Net income
- $39.4M
- Net margin
- 12.4%
Income statement
Revenue and profit by reporting period
| Line item | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|
| Revenue | $291.2M | $310.0M | $316.9M |
| Gross profit | $44.8M | $46.7M | $45.2M |
| Operating income | $22.3M | $22.4M | $20.0M |
| Net income | $31.4M | $11.5M | $39.4M |
| Diluted EPS | $0.32 | $0.21 | $0.65 |
Balance sheet
What the company owns and owes at period end
| Line item | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|
| Total assets | $383.8M | $367.7M | $359.8M |
| Total liabilities | $379.7M | $365.8M | $331.4M |
| Shareholder equity | $4.2M | $1.9M | $28.4M |
| Cash and short-term investments | $46.9M | $26.1M | $23.7M |
| Total debt | $153.4M | $163.5M | $176.7M |
Cash flow
Cash in and out from operations, investing and financing
| Line item | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|
| Operating cash flow | −$7.4M | −$1.6M | $42.6M |
| Investing cash flow | −$0.0M | −$0.0M | −$0.8M |
| Financing cash flow | −$18.0M | −$19.2M | −$44.1M |
| Capital expenditure | −$0.0M | −$0.0M | −$0.8M |
| Free cash flow | −$7.5M | −$1.6M | $41.8M |
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