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MAXMediaAlpha, Inc.
$14.20$752M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
MAX logo

MediaAlpha, Inc.

MAX
NYSE · Online Marketplaces & Classifieds
$14.20
At close - Nov 6, 4:00 PM EST - USD
Market Cap$752M
P/E8.3x
52W High$15.99
Volume1.16M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Revenue Rebound Meets Thin Margins and Leverage Risk

MediaAlpha's revenue has re-accelerated to $375.9M in 2026Q3, up 22.7% year over year, suggesting a sustained recovery in carrier-driven demand. However, gross margin is confined to a narrow 14.2% to 17.8% band, leaving little cushion against traffic cost or carrier pullback shocks, and net margin of 6.9% in the latest…

GrowthExpanding
ProfitabilityModerate
ValuationAttractive
TechnicalsStrong
Explore valuation models
MARKET ACTION

MAX price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

9/12 Beats

EPS beat 9 of last 12 quarters

02

Valuation risk

-45% Peers

P/E is 45% below peer median

03

Market leadership

RS 91 · Leader

High momentum (Outperforming 91% of market)

04

Strong Uptrend

Strong Trend

Price > 20DMA > 50DMA > 200DMA

Next CatalystEstimated earnings · Jan 28

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
MAX+18.83%
S&P 500 (^GSPC)+7.63%
1-Year Return
MAX+11.72%
S&P 500 (^GSPC)+9.69%
3-Year Return
MAX+63.97%
S&P 500 (^GSPC)+65.86%
5-Year Return
MAX-12.40%
S&P 500 (^GSPC)+54.38%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
8.3x
Forward P/E
9.1x
EV/EBITDA0th %ile
5.7x
FCF YieldCash Flow
7.2%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
8.3x
36.4x
0th· Low
EV/EBITDA
5.7x
14.5x
0th· Low
Price/FCF
13.9x
14.8x
40th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$1.11B+28.8% YoY
Net income FY25
$26M+54.1% YoY
Free cash flow FY25
$65M+43.1% YoY
Operating margin FY25
7%+2.1 pts YoY
ROIC (FY25)77.1%
Avg ROIC 5Y10.8%
ROE (FY25)-
Piotroski Score4 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate9/12 (75%)
Revenue Beat Rate10/12 (83%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Oct 28, 2026
$0.46+63.2%
vs $0.28
$376M+8.1%
vs $348M
Q3 2026
Jul 29, 2026
$0.65+183.7%
vs $0.23
$317M+5.3%
vs $301M
Q2 2026
Apr 29, 2026
$0.21-16.0%
vs $0.25
$310M+3.7%
vs $299M
Q1 2026
Feb 23, 2026
$0.50+100.0%
vs $0.25
$291M-1.3%
vs $295M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
GlobeNewsWire·Oct 28, 2026
MediaAlpha Announces Third Quarter 2026 Financial Results

All-Time Record Revenue of $375.9 million, up 23% year over year Third Quarter Net Income of $29.4 million; Record Adjusted EBITDA (1) of $39.5 million LOS ANGELES, Oct. 28, 2026 (GLOBE NEWSWIRE) -- MediaAlpha, Inc. (NYSE: MAX) ("MediaAlpha" or the "Company"), today announced its financial results for the third quarter ended September 30, 2026. “We delivered a milestone third quarter, achieving record results across all of our key metrics as demand continued to broaden in our marketplace,” said Steve Yi, CEO of MediaAlpha.

Zacks Investment Research·Oct 26, 2026
MAX Gears Up to Report Q3 Earnings: What Is in the Cards?

MediaAlpha is slated to report Q3 earnings on Oct. 28, with strong P&C insurance ad spending, AI adoption & platform expansion expected to drive revenue growth.

Business Wire·Oct 21, 2026
Starfighters Space to Participate in NASA's MAX POWER Airshow at Kennedy Space Center

KENNEDY SPACE CENTER, Fla.--(BUSINESS WIRE)--Starfighters Space, Inc. (“Starfighters” or the “Company”) (NYSE American: FJET), the space company operating the world's only commercial fleet of flight-ready Mach 2+ supersonic aircraft, announced it will showcase its iconic F-104 jets at the inaugural NASA sponsored MAX POWER aerospace expo and airshow on Nov. 7-8 at Kennedy Space Center in Florida. Starfighters will participate in both flight demonstrations and static aircraft displays at the eve.

Zacks Investment Research·Oct 16, 2026
MediaAlpha, Inc. (MAX) Recently Broke Out Above the 50-Day Moving Average

From a technical perspective, MediaAlpha, Inc. (MAX) is looking like an interesting pick, as it just reached a key level of support. MAX recently overtook the 50-day moving average, and this suggests a short-term bullish trend.

Filtered for MediaAlpha, Inc.More Headlines
04

Compare before deciding

Benchmark MAX against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for MediaAlpha, Inc. (MAX)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
MAX logoMAXMediaAlpha, Inc.Current
$14.20$752.26M8.2628.78%8.35%——
QNST logoQNSTQuinStreet, Inc.
$20.66$1.19B12.9718.29%6.58%29.48%—
RAMP logoRAMPLiveRamp Holdings, Inc.
$38.50$2.34B15.299.03%18.71%16.16%—
ACMR logoACMRACM Research, Inc.
$44.61$2.86B28.3415.24%10.2%5.22%0.25%
TPVG logoTPVGTriplePoint Venture Growth BDC Corp.
$4.37$177.42M8.1755.25%58.87%6.24%23.45%
GOOG logoGOOGAlphabet Inc.
$283.93$3.44T14.9015.09%50.03%42.62%0.29%

Compare MAX vs Peers

MediaAlpha, Inc. (MAX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs QNST

Most directly comparable listed peer for MAX.

Scale Benchmark

vs GOOG

Larger-name benchmark to compare MAX against a more recognizable public peer.

Peer Set

Compare Top 5

vs QNST, RAMP, ACMR, TPVG

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

MAX SEC Filings & Documents

MediaAlpha, Inc. (MAX) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Oct 28, 2026·SEC

Material company update

Jul 29, 2026·SEC

Material company update

Jun 29, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 23, 2026·SEC

FY 2025

Feb 24, 2025·SEC

FY 2024

Feb 22, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Oct 28, 2026·SEC

FY 2026

Jul 29, 2026·SEC

FY 2026

Apr 29, 2026·SEC

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MAX Frequently Asked Questions

MediaAlpha, Inc. (MAX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is MediaAlpha, Inc.'s revenue?

MediaAlpha, Inc. (MAX) reported $1.29B in revenue over the trailing twelve months. Revenue was $1.11B in fiscal year 2025. That is 275% more than the $296.9M of fiscal year 2018.

How fast is MediaAlpha, Inc. growing?

MediaAlpha, Inc. (MAX) grew revenue by 15.2% over the trailing twelve months, compared with the twelve months before.

Is MAX profitable?

Yes. MediaAlpha, Inc. (MAX) earned $108.1M in net income over the trailing twelve months (a 8.4% net margin).

Dividend & Returns
What is MediaAlpha, Inc.'s free cash flow?

MediaAlpha, Inc. (MAX) generated $54.2M in free cash flow over the trailing twelve months.

What if you invested $1,000 in MAX back in 2018?

Total return calculator · dividends reinvested · 8+ years of data

See returns →