MediaAlpha, Inc.
For the period ended Sep 30, 2026. Filed Oct 28, 2026.
View on SEC.govAbout 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.
Sep 30, 2026 · Filed Oct 28, 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 Statements of Cash Flows
(Unaudited; in thousands)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities | ||
| Net income (loss) | $85,189 | $(7,224) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Equity-based compensation expense | 23,854 | 22,798 |
| Non-cash lease expense | 748 | 688 |
| Depreciation expense on property and equipment | 225 | 201 |
| Amortization of intangible assets | 1,433 | 2,467 |
| Amortization of deferred debt issuance costs | 405 | 518 |
| Loss on extinguishment of debt | 235 | — |
| Gain on repurchase of interests in tax receivables agreement | (48,384) | — |
| Write-off of intangible assets | — | 13,416 |
| Credit losses | 247 | (13) |
| Deferred taxes | 26,911 | — |
| Tax receivables agreement | (870) | (80) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (44,173) | 13,774 |
| Prepaid expenses and other current assets | (1,084) | (382) |
| Other assets | 719 | (4,039) |
| Accounts payable | 30,624 | (2,882) |
| Accrued expenses | (13,444) | 33,804 |
| Net cash provided by operating activities | $62,635 | $73,046 |
| Cash flows from investing activities | ||
| Purchases of property and equipment | (944) | (300) |
| Net cash (used in) investing activities | $(944) | $(300) |
| Cash flows from financing activities | ||
| Proceeds from revolving line of credit | 30,000 | — |
| Repayments on revolving line of credit | (5,000) | — |
| Proceeds from issuance of long-term debt | 150,000 | — |
| Repayments on long-term debt | (152,703) | (7,125) |
| Payments of debt issuance costs | (2,101) | (284) |
| Repurchases of Class A common stock | (50,095) | (32,893) |
| Contributions from QLH’s members | 757 | 433 |
| Distributions to non-controlling interests | (7,503) | (841) |
| Payments pursuant to tax receivables agreement | (6,990) | — |
| Repurchase of interests in tax receivables agreement | (43,000) | — |
| Shares withheld for taxes on vesting of restricted stock units | (3,255) | (2,961) |
| Net cash (used in) financing activities | $(89,890) | $(43,671) |
| Net (decrease) increase in cash and cash equivalents and restricted cash | (28,199) | 29,075 |
| Cash and cash equivalents and restricted cash, beginning of period | 46,876 | 43,266 |
| Cash and cash equivalents and restricted cash, end of period | $18,677 | $72,341 |
| Supplemental disclosures of cash flow information | ||
| Cash paid during the period for: | ||
| Interest | $9,865 | $9,133 |
| Income taxes paid, net of refunds | $1,456 | $1,014 |
| Non-cash Investing and Financing Activities: | ||
| Changes of tax indemnification receivable | $— | $(211) |
| Right-of-use assets obtained in exchange of lease obligations | $— | $176 |
| Vesting of performance-based restricted stock units | $— | $1,649 |
| Accrued excise tax and fees on repurchases of Class A common stock | $305 | $189 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.