MediaAlpha, Inc.

For the period ended Jun 30, 2025. Filed Aug 6, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 6, 2025

MAX$14.37+1.5%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Operations

(Unaudited; in thousands, except share data and per share amounts)

	Three Months EndedJune 30,		Six Months EndedJune 30,
	2025	2024	2025	2024
Revenue	$251,622	$178,274	$515,931	$304,923
Costs and operating expenses
Cost of revenue	213,935	146,589	436,605	249,558
Sales and marketing	5,228	6,316	10,854	12,112
Product development	5,353	5,052	10,239	9,415
General and administrative	47,148	13,824	64,743	24,973
Write-off of intangible assets	—	—	13,416	—
Total costs and operating expenses	271,664	171,781	535,857	296,058
(Loss) income from operations	(20,042)	6,493	(19,926)	8,865
Other (income), net	(695)	(1,808)	(1,151)	(1,817)
Interest expense	2,870	3,751	5,825	7,596
Total other expense, net	2,175	1,943	4,674	5,779
(Loss) income before income taxes	(22,217)	4,550	(24,600)	3,086
Income tax expense	316	130	267	157
Net (loss) income	$(22,533)	$4,420	$(24,867)	$2,929
Net (loss) income attributable to non-controlling interest	(3,791)	800	(4,177)	422
Net (loss) income attributable to MediaAlpha, Inc.	$(18,742)	$3,620	$(20,690)	$2,507
Net (loss) income per share of Class A common stock
-Basic	$(0.33)	$0.07	$(0.37)	$0.05
-Diluted	$(0.33)	$0.07	$(0.37)	$0.04
Weighted average shares of Class A common stock outstanding
-Basic	56,141,117	53,367,896	55,888,125	50,971,172
-Diluted	56,141,117	53,367,896	55,888,125	65,868,384

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.