MediaAlpha Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,114	864.7	388.15	459.07	645.27
Revenue Growth (YoY)	28.78%	122.78%	-15.45%	-28.86%	10.34%
Cost of Revenue	946.06	721.13	321.44	389.01	543.75
Gross Profit	167.54	143.57	66.71	70.06	101.52
Selling, General & Admin	110.61	81.08	88.18	84.37	84.18
Research & Development	21.4	19.76	18.46	21.08	15.2
Other Operating Expenses	13.42	-	-	-	-
Total Operating Expenses	145.42	100.85	106.64	105.45	99.38
Operating Income	22.12	42.73	-39.92	-35.39	2.15
Interest Expense	-	-	-	-9.25	-7.83
Other Non-Operating Income (Expense)	-121.94	-4.87	-1.78	75.09	-3.84
Total Non-Operating Income (Expense)	-121.94	-4.87	-1.78	65.85	-11.67
Pretax Income	-111.06	23.5	-57.02	30.46	-9.52
Provision for Income Taxes	-137.82	1.38	-0.46	102.91	-1.05
Net Income	25.62	16.63	-40.42	-57.67	-5.28
Minority Interest in Earnings	1.14	5.49	-16.14	-14.78	-3.2
Net Income to Common	25.62	16.63	-40.42	-57.67	-5.28
Net Income Growth	54.09%	-	-	-	-
Shares Outstanding (Basic)	56	53	46	42	61
Shares Outstanding (Diluted)	67	53	46	42	61
Shares Change (YoY)	25.91%	16.39%	8.27%	-31.29%	96.42%
EPS (Basic)	0.46	0.31	-0.89	-1.37	-0.14
EPS (Diluted)	0.39	0.31	-0.89	-1.37	-0.19
EPS Growth	25.81%	-	-	-	-
Shares Outstanding	56.21	55.46	47.36	43.65	40.97
Free Cash Flow	65.26	45.62	20.16	28.18	27.97
Free Cash Flow Growth	43.05%	126.30%	-28.46%	0.73%	-45.28%
Free Cash Flow Per Share	0.98	0.86	0.44	-	0.46
Gross Margin	15.05%	16.60%	17.19%	15.26%	15.73%
Operating Margin	1.99%	4.94%	-10.29%	-7.71%	0.33%
Profit Margin	2.40%	2.56%	-14.57%	-15.78%	-1.31%
FCF Margin	5.86%	5.28%	5.19%	6.14%	4.33%
EBITDA	25.37	49.41	-32.65	-29.24	5.5
EBITDA Margin	2.28%	5.71%	-8.41%	-6.37%	0.85%
EBIT	22.12	42.73	-39.92	-35.39	2.15
EBIT Margin	1.99%	4.94%	-10.29%	-7.71%	0.33%
Effective Tax Rate	124.10%	5.89%	0.81%	337.85%	11.00%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q