MediaAlpha (MAX) Debt Ratio (2019 - 2026)

MediaAlpha (MAX) reported Debt Ratio of 0.44 for Q1 2026, down 33.41% year-over-year from 0.67 in Q1 2025, and up 11.25% quarter-over-quarter from 0.4 in Q4 2025.

MediaAlpha (MAX) Debt Ratio (2019 - 2026) Analysis & Trends

MediaAlpha (MAX) has 8 years of Debt Ratio data on file, last reported at 0.44 in Q1 2026.

  • Debt Ratio for Q1 2026 came in at 0.44, down 33.41% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.44 (down 33.41% YoY), and the FY2025 annual result was 0.4, down 35.43% from the prior year.
  • Debt Ratio advanced to 0.44 in Q1 2026 per MAX's latest filing, from 0.4 in the prior quarter.
  • Over five years, Debt Ratio peaked at 1.33 in Q3 2023 and troughed at 0.4 in Q4 2025.
  • A 5-year average of 0.83 and a median of 0.72 in 2022 frame the typical range for Debt Ratio.
  • The sharpest annual moves came in 2023 and 2024: Debt Ratio surged 84.95% in 2023, then slumped 47.44% in 2024.
  • A 5-year view of Debt Ratio shows it stood at 1.08 in 2022, then climbed by 5.2% to 1.13 in 2023, then plunged by 45.34% to 0.62 in 2024, then tumbled by 35.43% to 0.4 in 2025, then increased by 11.25% to 0.44 in 2026.
  • Business Quant data shows MAX's Debt Ratio at 0.44 in Q1 2026, 0.4 in Q4 2025, and 0.58 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Nebius 1,913,603.98 Bn 1,913,603.98 Bn 295.20 Mn 0.38
2 Alphabet 4,425.33 Bn 4,209.71 Bn 102.29 Bn 0.11
3 Meta Platforms 1,502.66 Bn 1,421.48 Bn 46.09 Bn 0.15
4 Spotify Technology 119.69 Bn 109.44 Bn 1.75 Bn 0.00
5 Reddit 33.22 Bn 30.45 Bn 511.94 Mn -
6 Pinterest 13.64 Bn 12.34 Bn 768.96 Mn -
7 Kanzhun 13.02 Bn 10.92 Bn 255.62 Bn -
8 Snap 9.72 Bn 6.90 Bn 1.29 Bn 0.47
9 Zillow 8.26 Bn 7.48 Bn 519.00 Mn 0.06
10 MediaAlpha 506.52 Mn 449.46 Mn 304.68 Mn 0.44

Historic Data

Download Data
DateValue
Mar 31, 2026 0.44
Dec 31, 2025 0.40
Sep 30, 2025 0.58
Jun 30, 2025 0.63
Mar 31, 2025 0.67
Dec 31, 2024 0.62
Sep 30, 2024 0.70
Jun 30, 2024 0.84
Mar 31, 2024 1.12
Dec 31, 2023 1.13
Sep 30, 2023 1.33
Jun 30, 2023 1.27
Mar 31, 2023 1.18
Dec 31, 2022 1.08
Sep 30, 2022 0.72
Jun 30, 2022 0.73
Mar 31, 2022 0.67
Dec 31, 2021 0.64
Sep 30, 2021 0.76
Jun 30, 2021 0.78