MediaAlpha (MAX) Free Cash Flow (2019 - 2026)
MediaAlpha (MAX) reported Free Cash Flow of $41.81 million for Q2 2026, up 63.7% from $25.55 million a year earlier.
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Analysis
MediaAlpha (MAX) Free Cash Flow (2019 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, MediaAlpha's Free Cash Flow came in at $56.28 million, down 21.5% year-over-year; for FY2025, it came in at $65.26 million, up 43.1% from FY2024.
- Free Cash Flow has a five-year compound annual growth rate of 5.0% (FY2020 to FY2025).
- By year, Free Cash Flow came in at $45.62 million in FY2024 (+126.3%), $20.16 million in FY2023 (-28.5%), $28.18 million in FY2022 (+0.7%) and $27.97 million in FY2021 (-45.3%).
- The Q2 2026 figure ranks as the highest quarterly Free Cash Flow in data going back to Q4 2019.
- The high point for year-over-year Free Cash Flow in five years was Q2 2024 (growth of 470.0%); the low point was Q1 2024 (a decline of 86.9%).
- Per Business Quant data, the three quarters before Q2 2026 came in at -$1.6 million (Q1 2026), -$7.49 million (Q4 2025) and $23.56 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,142.52 Bn | 3,900.05 Bn | 73.85 Bn | -5.86 Bn |
| 2 | Meta Platforms | 1,882.44 Bn | 1,584.96 Bn | 49.47 Bn | 1.75 Bn |
| 3 | Netflix | 292.72 Bn | 252.92 Bn | 6.52 Bn | 1.53 Bn |
| 4 | Alibaba Group Holding | 250.25 Bn | 68.12 Bn | 15.11 Bn | 3.37 Bn |
| 5 | Shopify | 192.03 Bn | 169.21 Bn | 1.71 Bn | 654.00 Mn |
| 6 | Uber Technologies | 141.56 Bn | 113.53 Bn | 6.38 Bn | 2.79 Bn |
| 7 | Booking Holdings | 121.98 Bn | 55.03 Bn | - | 3.64 Bn |
| 8 | PDD Holdings | 110.31 Bn | -141.62 Bn | 9.45 Bn | 3.77 Bn |
| 9 | AppLovin | 102.49 Bn | 92.52 Bn | 1.70 Bn | 869.04 Mn |
| 10 | MediaAlpha | 497.01 Mn | 328.14 Mn | 45.17 Mn | 41.81 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 41.81 Mn |
| Mar 31, 2026 | -1.60 Mn |
| Dec 31, 2025 | -7.49 Mn |
| Sep 30, 2025 | 23.56 Mn |
| Jun 30, 2025 | 25.55 Mn |
| Mar 31, 2025 | 23.64 Mn |
| Dec 31, 2024 | 14.48 Mn |
| Sep 30, 2024 | 8.01 Mn |
| Jun 30, 2024 | 21.48 Mn |
| Mar 31, 2024 | 1.64 Mn |
| Dec 31, 2023 | 5.28 Mn |
| Sep 30, 2023 | -1.42 Mn |
| Jun 30, 2023 | 3.77 Mn |
| Mar 31, 2023 | 12.53 Mn |
| Dec 31, 2022 | -6.69 Mn |
| Sep 30, 2022 | 14.83 Mn |
| Jun 30, 2022 | 11.77 Mn |
| Mar 31, 2022 | 8.27 Mn |
| Dec 31, 2021 | 21.86 Mn |
| Sep 30, 2021 | 12.38 Mn |
API Access
MediaAlpha Free Cash Flow 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=free-cash-flow&ticker=MAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=MAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();