Every 10-Q that Mediaalpha Inc (MAX) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MAX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MAX filings page.
MediaAlpha, Inc. delivered a much stronger Q2 2026, with revenue of $316.9 million, up 25.9% from Q2 2025, driven mainly by a 35.9% rise in property & casualty insurance revenue to $308.8 million as carriers increased customer acquisition spending on its platform.
Net income was $41.8 million versus a $22.5 million loss a year earlier, aided by a $37.7 million gain from repurchasing Insignia’s interest in the Tax Receivables Agreement and higher gross profit. Contribution rose 18.4% to $47.2 million, with a 14.9% Contribution Margin, and Adjusted EBITDA increased 19.5% to $29.3 million.
Health insurance revenue fell 84.9% to $2.7 million as the company scaled back its under‑65 health sub‑vertical and faced Medicare headwinds. Cash was $23.7 million as MediaAlpha repurchased $40.6 million of stock year‑to‑date and completed payments under a $45.0 million FTC settlement, while total debt under the new 2026 credit facilities reached $176.7 million.
MediaAlpha, Inc. delivered strong Q1 2026 results, returning to profitability as revenue grew to $310.0M from $264.3M, a 17.3% increase. Growth was driven by property & casualty insurance revenue of $292.8M, up 31.2%, partially offset by a 67.1% decline in health insurance revenue as the company scaled back its under-65 health business.
Net income was $14.0M versus a $2.3M loss a year earlier, helped by higher gross profit and the absence of prior-year intangible write-offs and FTC reserve charges. Adjusted EBITDA rose to $31.4M, up 6.8%, while Contribution increased to $48.7M with a 15.7% Contribution Margin.
The company refinanced its credit facilities with a new $150.0M term loan and a $60.0M revolver maturing in 2031, ending the quarter with $26.1M in cash and $163.5M of total debt. It also repurchased 2,056,010 Class A shares for $20.3M under a $100.0M authorization and fully paid the remaining $11.5M of a $45.0M FTC settlement.
MediaAlpha (MAX) reported stronger Q3 2025 results. Revenue was $306.5 million, up 18.3% year over year, as property & casualty demand rebounded. Net income rose to $17.6 million, with diluted EPS of $0.26. Transaction Value reached $589.3 million (up 30.4%), while Adjusted EBITDA was $29.1 million and Contribution was $45.6 million, yielding a 14.9% Contribution Margin.
P&C led growth; Health declined due to the decision to scale back the under‑65 sub-vertical. Operating cash flow for the first nine months was $73.0 million. Cash and cash equivalents were $38.8 million, and $33.5 million was classified as restricted cash at quarter‑end.
The company amended its 2021 Credit Facilities on August 4, 2025, extending most maturities to July 29, 2027, with $13.3 million of term loans and $0.4 million of revolver commitments maturing July 29, 2026. A Court‑entered FTC Consent Order requires $45.0 million; $33.5 million was paid on October 21, 2025, with $11.5 million due by January 14, 2026. MediaAlpha repurchased 3,234,894 shares for $32.9 million in September and authorized a new $50 million repurchase program on October 28, 2025. Two customers represented 53% of Q3 revenue.