MediaAlpha, Inc. (MAX) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 165.21M | 174.37M | 205.74M | 192.47M | 182.47M | 189.91M | 162.05M | 122.69M | 75.63M | 74.57M | 51.02M | 56.1M | 67.26M | 80.42M | 69.87M | 80.41M | 124.27M | 137.11M | 104.56M | 94.74M |
| Cash & Short-Term Investments | 26.05M | 46.88M | 72.34M | 85.38M | 63.56M | 43.27M | 32.3M | 28.66M | 14.47M | 17.27M | 15.2M | 20.03M | 19.53M | 14.54M | 30.21M | 35.19M | 55.29M | 50.56M | 29.3M | 15M |
| Cash Only | 26.05M | 46.88M | 72.34M | 85.38M | 63.56M | 43.27M | 32.3M | 28.66M | 14.47M | 17.27M | 15.2M | 20.03M | 19.53M | 14.54M | 30.21M | 35.19M | 55.29M | 50.56M | 29.3M | 15M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 250.36M | 123.02M | 129.17M | 102.78M | 114.85M | 142.93M | 126.81M | 90.7M | 57.49M | 53.77M | 33.05M | 32.59M | 43.13M | 60M | 34.71M | 38.86M | 61.16M | 76.09M | 71.31M | 74.28M |
| Days Sales Outstanding | 54.2 | 39.84 | 34.81 | 39.35 | 43.89 | 41.27 | 38.61 | 37.82 | 39.97 | 34.09 | 40.49 | 40.64 | 41.57 | 35.13 | 38.01 | 43.99 | 43.31 | 41.96 | 43.84 | 44.69 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | -111.21M | 4.48M | 4.23M | 4.32M | 4.06M | 3.71M | 2.94M | 3.34M | 3.66M | 0 | 2.77M | 3.48M | 4.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 202.51M | 209.46M | 60.49M | 56.94M | 57.52M | 72.54M | 74.06M | 75.53M | 77.4M | 79.35M | 82.01M | 84.1M | 86.18M | 89.66M | 195.35M | 205.47M | 150.95M | 152.7M | 140.94M | 141.66M |
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.76M | 0 | 0 | 0 | 3.51M | 1.06M | 1.06M |
| Fixed Asset Turnover | - | - | - | - | - | - | - | - | - | - | - | - | - | 44.91x | - | - | - | 70.65x | 144.10x | 173.97x |
| Goodwill | 47.74M | 47.74M | 47.74M | 47.74M | 47.74M | 47.74M | 47.74M | 47.74M | 47.74M | 47.74M | 47.74M | 47.74M | 47.74M | 47.74M | 47.74M | 47.74M | 18.4M | 18.4M | 18.4M | 18.4M |
| Intangible Assets | 3.11M | 3.59M | 4.1M | 4.61M | 5.13M | 19.98M | 21.59M | 22.8M | 24.41M | 26.02M | 27.74M | 29.47M | 31.2M | 32.93M | 34.62M | 36.33M | 11.88M | 12.57M | 13.31M | 14.06M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.4M | 1.4M | 0 | 0 | 10M | 0 | 0 |
| Other Non-Current Assets | 7.96M | 8.4M | 8.65M | 4.59M | 4.65M | 4.81M | 4.73M | 4.99M | 5.25M | 5.6M | 6.53M | 6.88M | 7.24M | 4.83M | 111.59M | 121.4M | 120.66M | 108.22M | 15.82M | 15.9M |
| Total Assets | 367.71M | 383.83M | 266.23M | 249.42M | 239.98M | 262.45M | 236.11M | 198.22M | 153.02M | 153.93M | 133.03M | 140.2M | 153.44M | 170.08M | 265.22M | 285.88M | 275.22M | 289.8M | 245.51M | 236.4M |
| Asset Turnover | 0.82x | 0.90x | 1.19x | 1.03x | 1.05x | 1.21x | 1.19x | 1.02x | 0.83x | 0.82x | 0.55x | 0.58x | 0.69x | 0.57x | 0.32x | 0.37x | 0.50x | 0.60x | 0.63x | 0.66x |
| Asset Growth % | 53.23% | 46.25% | 12.76% | 25.83% | 56.83% | 70.5% | 77.48% | 41.39% | -0.27% | -9.5% | -49.84% | -50.96% | -44.25% | -41.31% | 8.03% | 20.93% | 13.87% | 37.78% | 83.45% | 74.09% |
| Total Current Liabilities | 113.17M | 147.65M | 189.68M | 148.69M | 109.42M | 132.95M | 132.62M | 111.24M | 76.28M | 79.72M | 60.25M | 59.84M | 65.16M | 76.89M | 63.82M | 55.39M | 70.26M | 84.22M | 57.99M | 53.78M |
| Accounts Payable | 91.4M | 91.09M | 102.68M | 75.84M | 82.35M | 105.56M | 109.58M | 90.6M | 53.59M | 56.28M | 38.75M | 37.81M | 46.31M | 53.99M | 42.34M | 33.43M | 51.51M | 61.77M | 44.21M | 46.31M |
| Days Payables Outstanding | 31.19 | 36.18 | 31.21 | 33.64 | 37.98 | 39.32 | 41.87 | 44.76 | 48.55 | 46.07 | 56.55 | 53.91 | 48.4 | 42.66 | 45.65 | 43.96 | 42.17 | 35.8 | 32.51 | 38.13 |
| Short-Term Debt | 7.17M | 22.77M | 22M | 8.87M | 8.86M | 8.85M | 8.84M | 8.83M | 11.87M | 11.85M | 8.8M | 8.79M | 8.78M | 8.77M | 8.76M | 8.75M | 8.74M | 8.73M | 6.34M | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 14.6M | 33.78M | 65M | 0 | 0 | 994K | 14.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Current Ratio | 1.46x | 1.18x | 1.08x | 1.29x | 1.67x | 1.43x | 1.22x | 1.10x | 0.99x | 0.94x | 0.85x | 0.94x | 1.03x | 1.05x | 1.09x | 1.45x | 1.77x | 1.63x | 1.80x | 1.76x |
| Quick Ratio | 1.46x | 1.18x | 1.08x | 1.29x | 1.67x | 1.43x | 1.22x | 1.10x | 0.99x | 0.94x | 0.85x | 0.94x | 1.03x | 1.05x | 1.09x | 1.45x | 1.77x | 1.63x | 1.80x | 1.76x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 283.64M | 265.38M | 142.32M | 157.69M | 171.75M | 175.72M | 163.11M | 164.95M | 166.14M | 168.63M | 172.46M | 174.75M | 176.98M | 179.27M | 269.8M | 289.96M | 262.61M | 267.15M | 260.43M | 261.85M |
| Long-Term Debt | 0 | 132.02M | 133.69M | 149.15M | 151.38M | 153.6M | 155.81M | 158.02M | 160.23M | 162.44M | 167.7M | 169.9M | 172.1M | 174.3M | 181.49M | 198.69M | 175.88M | 178.07M | 180.25M | 183.34M |
| Capital Lease Obligations | 0 | 415K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.43M | 5.05M | 8M | 4.88M | 3.22M | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 283.64M | 132.95M | 8.64M | 8.53M | 20.38M | 22.13M | 7.3M | 6.93M | 5.91M | 6.18M | 4.76M | 4.85M | 4.88M | 2.54M | 83.26M | 83.28M | 81.85M | 85.87M | 80.18M | 78.51M |
| Total Liabilities | 396.81M | 413.02M | 332.01M | 306.38M | 281.17M | 308.68M | 295.73M | 276.19M | 242.43M | 248.35M | 232.71M | 234.59M | 242.15M | 256.17M | 333.62M | 345.35M | 332.87M | 351.37M | 318.43M | 315.63M |
| Total Debt | 7.17M | 155.2M | 155.69M | 158.02M | 160.23M | 162.44M | 164.65M | 166.85M | 172.1M | 174.3M | 176.49M | 178.69M | 180.88M | 186.29M | 195.31M | 215.43M | 189.5M | 190.78M | 186.6M | 183.34M |
| Net Debt | -18.88M | 108.33M | 83.35M | 72.64M | 96.67M | 119.18M | 132.35M | 138.19M | 157.63M | 157.03M | 161.3M | 158.66M | 161.35M | 171.75M | 165.1M | 180.24M | 134.21M | 140.22M | 157.3M | 168.34M |
| Debt / Equity | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | 0.31x | 1.96x | 7.66x | - | 98.79x | 8.16x | 9.53x | 20.43x | 42.58x | 77.36x | - | - | - | - | - | - | - | - | 239.23x | 67.01x |
| Net Debt / EBITDA | -0.82x | 1.37x | 4.10x | - | 59.60x | 5.98x | 7.66x | 16.92x | 39.00x | 69.70x | - | - | - | - | - | - | - | - | 201.66x | 61.53x |
| Interest Coverage | 9.42x | -38.91x | 7.30x | 5.30x | 6.91x | 9.19x | 4.38x | 1.92x | 0.90x | 1.21x | -3.74x | -3.86x | -2.58x | -2.08x | -5.48x | -6.70x | -5.79x | -1.07x | -0.04x | 0.85x |
| Total Equity | -29.09M | -29.19M | -65.78M | -56.96M | -41.18M | -46.23M | -59.62M | -77.97M | -89.4M | -94.42M | -99.68M | -94.39M | -88.71M | -86.08M | -68.4M | -59.47M | -57.65M | -61.57M | -72.92M | -79.23M |
| Equity Growth % | 29.36% | 36.85% | -10.33% | 26.95% | 53.93% | 51.04% | 40.19% | 17.4% | -0.79% | -9.69% | -45.73% | -58.72% | -53.87% | -39.82% | 6.2% | 24.93% | 35.53% | 41.43% | 77.75% | 62.7% |
| Book Value per Share | -0.52 | -0.44 | -1.16 | -1.01 | -0.74 | -0.84 | -1.09 | -1.46 | -1.84 | -2.01 | -2.16 | -2.09 | -2.02 | -2.00 | -1.62 | -1.43 | -1.41 | -1.55 | -1.19 | -2.10 |
| Total Shareholders' Equity | 1.92M | 4.16M | -29.75M | -3.77M | 7.92M | 2.38M | -8.36M | -24.4M | -19.07M | -10.29M | -16.25M | -16.22M | -13.28M | -15.99M | 1.19M | 3.44M | 2.22M | -4.34M | -14.28M | -20.57M |
| Common Stock | 629K | 645K | 652K | 680K | 675K | 671K | 667K | 663K | 658K | 655K | 647K | 640K | 632K | 626K | 619K | 614K | 612K | 606K | 602K | 597K |
| Retained Earnings | -468.84M | -480.31M | -511.72M | -526.62M | -507.88M | -505.93M | -510.57M | -520.05M | -523.67M | -522.56M | -520.2M | -506.69M | -492.41M | -482.14M | -455.18M | -440.69M | -431.55M | -424.48M | -422.63M | -418.88M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -31.01M | -33.35M | -36.02M | -53.18M | -49.1M | -48.61M | -51.26M | -53.57M | -70.33M | -84.13M | -83.43M | -78.17M | -75.43M | -70.09M | -69.6M | -62.91M | -59.87M | -57.23M | -58.64M | -58.66M |