MediaAlpha, Inc. (MAX) quarterly cash flow statement — complete operating, investing & financing history
MediaAlpha, Inc. (MAX) cash flow statement — 8-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | 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 |
|---|
| Cash from Operations | 21.6M | 42.59M | -1.56M | -7.45M | 23.62M | 25.72M | 23.7M | 14.53M | 8.06M | 21.61M | 1.68M | 5.29M | -1.4M | 3.79M | 12.56M | -6.46M | 14.84M | 11.8M | 8.3M | 21.95M |
| Operating CF Margin % | 5.75% | 13.44% | -0.5% | -2.56% | 7.71% | 10.22% | 8.97% | 4.83% | 3.11% | 12.12% | 1.32% | 4.52% | -1.88% | 4.46% | 11.25% | -5.21% | 16.68% | 11.41% | 5.82% | 13.58% |
| Operating CF Growth % | -8.55% | 65.57% | -106.57% | -151.26% | 193.23% | 19.03% | 1312.46% | 174.44% | 673.79% | 470.91% | -86.64% | 181.9% | -109.46% | -67.94% | 51.19% | -129.46% | 18.98% | 231.97% | 188.77% | 81.21% |
| Net Income | 29.36M | 41.78M | 11.47M | 33.98M | 17.64M | -22.53M | -1.95M | 7.3M | 11.89M | 3.62M | -1.11M | -2.37M | -18.7M | -19.98M | -14.58M | -28.35M | -21.23M | -13.02M | -9.85M | -4.02M |
| Depreciation & Amortization | 553K | 554K | 551K | 584K | 582K | 580K | 1.51M | 1.66M | 1.67M | 1.67M | 1.86M | 2M | 1.82M | 1.82M | 1.82M | 1.79M | 1.8M | 1.78M | 781K | 843K |
| Stock-Based Compensation | 8.12M | 8.47M | 7.26M | 7.53M | 7.66M | 8.11M | 7.02M | 7.63M | 8.6M | 9.22M | 8.63M | 9.38M | 14.45M | 15.15M | 14.34M | 14.26M | 14.6M | 15.84M | 13.77M | 12.39M |
| Deferred Taxes | 7.7M | 13.18M | 6.04M | -138.89M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6K | 102.18M | -563K | 561K | 480K | 1.24M |
| Other Non-Cash Items | -10.25M | -36.74M | 2.46M | 124.39M | 411K | 390K | -9.87M | 7.38M | 762K | 38.44M | -2.96M | 17.02M | 400K | 369K | 1.52M | -83.58M | 5.26M | -2.5M | 298K | 817K |
| Working Capital Changes | -13.88M | 15.34M | -29.32M | -35.05M | -2.67M | 39.17M | 26.99M | -9.44M | -14.87M | -31.34M | -4.75M | -20.74M | 623K | 6.43M | 9.45M | -12.75M | 14.97M | 9.14M | 2.82M | 10.68M |
| Change in Receivables | -25.52M | -7.83M | -10.82M | 6.31M | -26.57M | 12.17M | 28.18M | -16.1M | -36.49M | -33.43M | -3.64M | -20.95M | -492K | 10.54M | 17.12M | -25.5M | 4.15M | 23.67M | 15.02M | -4.8M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 8.31M | 22.01M | 304K | -11.59M | 26.84M | -6.52M | 0 | -4.01M | 18.97M | 0 | 0 | 0 | 934K | -8.5M | -7.68M | 11.66M | 8.9M | -18.09M | -10.26M | 17.56M |
| Cash from Investing | -128K | -774K | -42K | -40K | -68K | -175K | -57K | -47K | -443K | -130K | -34K | -13K | -13K | -17K | -30K | -5K | -14K | -49.72M | -40K | -82K |
| Capital Expenditures | -128K | -774K | -42K | -40K | -68K | -175K | -57K | -47K | -43K | -130K | -34K | -13K | -13K | -17K | -30K | -5K | -14K | -39K | -40K | -82K |
| CapEx % of Revenue | 0.03% | 0.24% | 0.01% | 0.01% | 0.02% | 0.07% | 0.02% | 0.02% | 0.02% | 0.07% | 0.03% | 0.01% | 0.02% | 0.02% | 0.03% | 0% | 0.02% | 0.04% | 0.03% | 0.05% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -400K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -49.68M | 0 | 0 |
| Cash from Financing | -26.54M | -44.12M | -19.23M | -17.98M | -36.59M | -3.73M | -3.35M | -3.52M | -3.97M | -7.29M | -4.44M | -3.21M | -3.42M | -3.27M | -7.54M | -9.2M | -19.82M | 17.82M | -3.54M | -600K |
| Debt Issued (Net) | -1.88M | 15M | 8.95M | -2.38M | -2.38M | -2.38M | -2.38M | -2.38M | -2.38M | -5.42M | -2.38M | -2.38M | -2.38M | -2.38M | -2.38M | -7.38M | -17.38M | 22.63M | -2.38M | 0 |
| Equity Issued (Net) | -9.23M | -20.6M | -20.27M | -14.38M | 0 | -1.06M | -867K | 0 | 0 | -1.72M | -1.96M | -821K | 0 | 0 | 0 | -1.42M | -1.63M | 0 | 0 | -600K |
| Dividends Paid | 0 | -5.17M | 0 | 0 | 0 | 0 | 0 | -111K | -94K | 0 | 0 | 0 | -276K | -192K | -1.1M | -1.54M | 0 | -460K | -130K | -228K |
| Share Repurchases | -9.23M | -20.6M | -20.27M | -14.38M | 0 | -1.06M | -867K | 0 | 0 | -1.72M | -1.96M | -821K | 0 | 0 | 0 | -1.42M | -1.63M | 0 | 0 | -600K |
| Other Financing | -15.44M | -33.22M | -7.91M | -1.23M | -34.22M | -289K | -107K | -1.03M | -1.5M | -148K | -113K | -10K | -765K | -701K | -4.06M | 1.14M | -815K | -4.35M | -1.04M | 228K |
| Net Change in Cash | -5.07M | -2.31M | -20.82M | -25.46M | -13.04M | 21.82M | 20.3M | 10.96M | 3.65M | 14.19M | -2.8M | 2.08M | -4.83M | 500K | 4.99M | -15.67M | -4.99M | -20.09M | 4.72M | 21.26M |
| Free Cash Flow | 21.48M | 41.81M | -1.6M | -7.49M | 23.55M | 25.55M | 23.64M | 14.48M | 7.61M | 21.48M | 1.64M | 5.28M | -1.42M | 3.77M | 12.53M | -6.47M | 14.83M | 11.77M | 8.27M | 21.86M |
| FCF Margin % | 5.71% | 13.2% | -0.52% | -2.57% | 7.68% | 10.15% | 8.95% | 4.82% | 2.94% | 12.05% | 1.3% | 4.51% | -1.9% | 4.44% | 11.22% | -5.22% | 16.66% | 11.37% | 5.8% | 13.53% |
| FCF Growth % | -8.83% | 63.67% | -106.76% | -151.71% | 209.41% | 18.94% | 1338.2% | 174.23% | 637.26% | 470.04% | -86.88% | 181.64% | -109.56% | -67.98% | 51.55% | -129.59% | 19.81% | 272.93% | 187.69% | 82.65% |
| FCF per Share | 0.34 | 0.66 | -0.03 | -0.11 | 0.42 | 0.46 | 0.43 | 0.26 | 0.14 | 0.40 | 0.03 | 0.11 | -0.03 | 0.08 | 0.29 | -0.15 | 0.35 | 0.28 | 0.20 | 0.55 |
| FCF Conversion (FCF/Net Income) | 0.84x | 1.08x | -0.14x | -0.24x | 1.58x | -1.37x | -12.17x | 3.13x | 0.85x | 5.97x | -1.51x | -2.24x | 0.10x | -0.26x | -1.22x | 0.24x | -1.02x | -1.29x | -1.17x | -12.06x |
| Interest Paid | 2.77M | 0 | 4.43M | 1.66M | 3.52M | 2.65M | 2.96M | 3.27M | 3.37M | 3.52M | 3.78M | 3.69M | 3.66M | 3.37M | 3.06M | 2.44M | 1.76M | 31K | 2.83M | 33K |
| Taxes Paid | 696K | 0 | 0 | 0 | 190K | 0 | 0 | 124K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |