MediaAlpha Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,159	1,114	864.7	388.15	459.07	645.27
Revenue Growth (YoY)	15.66%	28.78%	122.78%	-15.45%	-28.86%	10.34%
Cost of Revenue	986.69	946.06	721.13	321.44	389.01	543.75
Gross Profit	172.6	167.54	143.57	66.71	70.06	101.52
Selling, General & Admin	106.26	110.61	81.08	88.18	84.37	84.18
Research & Development	21.97	21.4	19.76	18.46	21.08	15.2
Other Operating Expenses	-	13.42	-	-	-	-
Total Operating Expenses	128.23	145.42	100.85	106.64	105.45	99.38
Operating Income	44.38	22.12	42.73	-39.92	-35.39	2.15
Interest Expense	-8.12	-	-	-	-9.25	-7.83
Other Non-Operating Income (Expense)	-121.78	-121.94	-4.87	-1.78	75.09	-3.84
Total Non-Operating Income (Expense)	-129.9	-121.94	-4.87	-1.78	65.85	-11.67
Pretax Income	-88.13	-111.06	23.5	-57.02	30.46	-9.52
Provision for Income Taxes	-131.27	-137.82	1.38	-0.46	102.91	-1.05
Net Income	39.04	25.62	16.63	-40.42	-57.67	-5.28
Minority Interest in Earnings	4.1	1.14	5.49	-16.14	-14.78	-3.2
Net Income to Common	39.04	25.62	16.63	-40.42	-57.67	-5.28
Net Income Growth	147.17%	54.09%	-	-	-	-
Shares Outstanding (Basic)	57	56	53	46	42	61
Shares Outstanding (Diluted)	59	67	53	46	42	61
Shares Change (YoY)	8.63%	25.91%	16.39%	8.27%	-31.29%	96.42%
EPS (Basic)	0.70	0.46	0.31	-0.89	-1.37	-0.14
EPS (Diluted)	0.64	0.39	0.31	-0.89	-1.37	-0.19
EPS Growth	128.57%	25.81%	-	-	-	-
Shares Outstanding	54.58	56.21	55.46	47.36	43.65	40.97
Free Cash Flow	40.02	65.26	45.62	20.16	28.18	27.97
Free Cash Flow Growth	-38.68%	43.05%	126.30%	-28.46%	0.73%	-45.28%
Free Cash Flow Per Share	0.68	0.98	0.86	0.44	0.67	0.46
Gross Margin	14.89%	15.05%	16.60%	17.19%	15.26%	15.73%
Operating Margin	3.83%	1.99%	4.94%	-10.29%	-7.71%	0.33%
Profit Margin	3.72%	2.40%	2.56%	-14.57%	-15.78%	-1.31%
FCF Margin	3.45%	5.86%	5.28%	5.19%	6.14%	4.33%
EBITDA	46.68	25.37	49.41	-32.65	-29.24	5.5
EBITDA Margin	4.03%	2.28%	5.71%	-8.41%	-6.37%	0.85%
EBIT	44.38	22.12	42.73	-39.92	-35.39	2.15
EBIT Margin	3.83%	1.99%	4.94%	-10.29%	-7.71%	0.33%
Effective Tax Rate	148.95%	124.10%	5.89%	0.81%	337.85%	11.00%

Updated Apr 29, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q