MediaAlpha, Inc.
MediaAlpha, Inc. (NYSE: MAX) operates a technology platform that connects insurance carriers, agents and distributors seeking customers with high-intent consumers shopping for insurance. Its marketplace enables partners to buy and sell consumer referrals—clicks, calls and leads—and uses data analytics to match… From the company’s description.
Over the twelve months to Sep 30, 2026, MediaAlpha, Inc. reported revenue of $1.29B, up 15.2% from a year earlier, and net income of $119.17M. Its operating margin was 7.2%, and operations generated $55.19M in cash. In fiscal 2025, it reported revenue of $1.11B, up 28.8% from fiscal 2024, and net income of $26.76M.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What MediaAlpha, Inc. does
In the company’s own words
MediaAlpha, Inc. (NYSE: MAX) operates a technology platform that connects insurance carriers, agents and distributors seeking customers with high-intent consumers shopping for insurance. Its marketplace enables partners to buy and sell consumer referrals—clicks, calls and leads—and uses data analytics to match consumers with buyers and support customer-acquisition decisions. Supply partners include insurers seeking to monetize shoppers who do not convert, as well as insurance research and financial websites; demand partners are generally insurers and distributors. The company operates Open Marketplace transactions, in which it contracts separately with buyers and sellers, and Private Marketplace transactions, in which partners contract directly and MediaAlpha charges sellers a fee. Its core verticals are property and casualty, health and life insurance; property and casualty generated $1.9 billion in transaction value in 2025. The platform handled $2.2 billion in transaction value and generated $1.1 billion in revenue in fiscal 2025, serving more than 1,050 insurance partners in addition to agent partners. Its website is https://www.mediaalpha.com.
Company details
- Sector
- Communication Services
- Industry (SIC)
- Business Services
- Headquarters
- LOS ANGELES, CA
- Fiscal year end
- December
- CIK
- 1818383
- SIC
- 7389
Financial performance, year by year
Fiscal 2020–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns MediaAlpha, Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · MediaAlpha, Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Could not be determined for this company: bond issues.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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