MediaAlpha, Inc.
For the period ended Dec 31, 2025. Filed Feb 23, 2026.
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FY2025 · Filed Feb 23, 2026
MAX$14.37+1.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(In thousands, except share data and per share amounts)
| As of December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $46,876 | $43,266 |
| Accounts receivable, net of allowance for credit losses of $717 and $1,005, respectively | 123,019 | 142,932 |
| Prepaid expenses and other current assets | 4,477 | 3,711 |
| Total current assets | $174,372 | $189,909 |
| Intangible assets, net | 3,590 | 19,985 |
| Goodwill | 47,739 | 47,739 |
| Deferred tax assets | 149,734 | — |
| Other assets | 8,396 | 4,814 |
| Total assets | $383,831 | $262,447 |
| Liabilities and stockholders' deficit | ||
| Current liabilities | ||
| Accounts payable | 91,094 | 105,563 |
| Accrued expenses | 34,746 | 18,542 |
| Current portion of long-term debt | 21,807 | 8,849 |
| Total current liabilities | $147,647 | $132,954 |
| Long-term debt, net of current portion | 131,602 | 153,596 |
| Liabilities under tax receivables agreement, net of current portion | 124,212 | 7,006 |
| Other long-term liabilities | 9,564 | 15,123 |
| Total liabilities | $413,025 | $308,679 |
| Commitments and contingencies (Note 7) | ||
| Stockholders’ deficit | ||
| Class A common stock, $0.01 par value - 1.0 billion shares authorized; 56.2 million and 55.5 million shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 562 | 555 |
| Class B common stock, $0.01 par value - 100 million shares authorized; 8.3 million and 11.6 million shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 83 | 116 |
| Preferred stock, $0.01 par value - 50 million shares authorized; 0 shares issued and outstanding as of December 31, 2025 and December 31, 2024 | — | — |
| Additional paid-in capital | 483,825 | 507,640 |
| Accumulated deficit | (480,310) | (505,933) |
| Total stockholders’ equity attributable to MediaAlpha, Inc. | $4,160 | $2,378 |
| Non-controlling interests | (33,354) | (48,610) |
| Total stockholders' deficit | $(29,194) | $(46,232) |
| Total liabilities and stockholders’ deficit | $383,831 | $262,447 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.