MediaAlpha (MAX) Cash from Operations (2019 - 2026)
MediaAlpha's Cash from Operations was $42.59 million in Q2 2026, up 65.6% from $25.72 million a year earlier.
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Analysis
MediaAlpha (MAX) Cash from Operations (2019 - 2026) Analysis & Trends
On a trailing twelve-month basis, MediaAlpha's Cash from Operations was $57.21 million through Jun 30, 2026, down 20.6% year-over-year; for FY2025, it came in at $65.6 million, up 43.0% from FY2024.
- Cash from Operations shows a five-year compound annual growth rate of 5.0% (FY2020 to FY2025).
- In earlier years, Cash from Operations was $45.87 million in FY2024 (+126.7%), $20.23 million in FY2023 (-28.4%), $28.27 million in FY2022 (-1.2%) and $28.62 million in FY2021 (-44.3%).
- The Q2 2026 figure marks the highest quarterly Cash from Operations in data going back to Q4 2019.
- The best year-over-year quarter for Cash from Operations over five years was Q2 2024 (growth of 470.9%); the worst was Q1 2024 (a decline of 86.6%).
- Per Business Quant data, MAX's Cash from Operations in the three quarters before Q2 2026 was -$1.56 million (Q1 2026), -$7.45 million (Q4 2025) and $23.62 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,164.76 Bn | 3,922.28 Bn | 73.85 Bn | 39.07 Bn |
| 2 | Meta Platforms | 1,823.40 Bn | 1,525.92 Bn | 49.47 Bn | 31.86 Bn |
| 3 | Netflix | 288.27 Bn | 248.47 Bn | 6.52 Bn | 1.74 Bn |
| 4 | Alibaba Group Holding | 252.72 Bn | 70.58 Bn | 15.11 Bn | 3.38 Bn |
| 5 | Shopify | 186.52 Bn | 163.71 Bn | 1.71 Bn | 658.00 Mn |
| 6 | Uber Technologies | 139.11 Bn | 111.09 Bn | 6.38 Bn | 2.86 Bn |
| 7 | Booking Holdings | 123.13 Bn | 56.18 Bn | - | 3.72 Bn |
| 8 | PDD Holdings | 111.72 Bn | -140.21 Bn | 9.45 Bn | 3.77 Bn |
| 9 | AppLovin | 103.35 Bn | 93.38 Bn | 1.70 Bn | 869.04 Mn |
| 10 | MediaAlpha | 488.00 Mn | 319.13 Mn | 45.17 Mn | 42.59 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 42.59 Mn |
| Mar 31, 2026 | -1.56 Mn |
| Dec 31, 2025 | -7.45 Mn |
| Sep 30, 2025 | 23.62 Mn |
| Jun 30, 2025 | 25.72 Mn |
| Mar 31, 2025 | 23.70 Mn |
| Dec 31, 2024 | 14.53 Mn |
| Sep 30, 2024 | 8.06 Mn |
| Jun 30, 2024 | 21.61 Mn |
| Mar 31, 2024 | 1.68 Mn |
| Dec 31, 2023 | 5.29 Mn |
| Sep 30, 2023 | -1.40 Mn |
| Jun 30, 2023 | 3.79 Mn |
| Mar 31, 2023 | 12.56 Mn |
| Dec 31, 2022 | -6.68 Mn |
| Sep 30, 2022 | 14.84 Mn |
| Jun 30, 2022 | 11.81 Mn |
| Mar 31, 2022 | 8.31 Mn |
| Dec 31, 2021 | 21.95 Mn |
| Sep 30, 2021 | 12.48 Mn |
API Access
MediaAlpha Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=MAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "MAX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=MAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();