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 | 33.22 Bn | 30.45 Bn | 511.94 Mn | - | |
| 6 | 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| Date | Value |
|---|---|
| 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 |