MediaAlpha (MAX) Invested Capital (2019 - 2026)

MediaAlpha (MAX) reported Invested Capital of $165.4 million for Q1 2026, up 38.95% year-over-year from $119.0 million in Q1 2025, and up 33.17% quarter-over-quarter from $124.2 million in Q4 2025.

MediaAlpha (MAX) Invested Capital (2019 - 2026) Analysis & Trends

MediaAlpha (MAX) has 8 years of Invested Capital data on file, last reported at $165.4 million in Q1 2026.

  • Invested Capital for Q1 2026 came in at $165.4 million, up 38.95% year-over-year; the trailing twelve-month figure through Mar 2026 was $165.4 million (up 38.95% YoY), and the FY2025 annual result was $124.2 million, up 6.89% from the prior year.
  • Invested Capital advanced to $165.4 million in Q1 2026 per MAX's latest filing, from $124.2 million in the prior quarter.
  • Over five years, Invested Capital peaked at $165.4 million in Q1 2026 and troughed at $76.8 million in Q3 2023.
  • A 5-year average of $107.0 million and a median of $101.1 million in 2025 frame the typical range for Invested Capital.
  • The sharpest annual moves came in 2022 and 2023: Invested Capital surged 241.96% in 2022, then sank 43.03% in 2023.
  • A 5-year view of Invested Capital shows it stood at $97.0 million in 2022, then dropped by 17.64% to $79.9 million in 2023, then soared by 45.5% to $116.2 million in 2024, then advanced by 6.89% to $124.2 million in 2025, then soared by 33.17% to $165.4 million in 2026.
  • Business Quant data shows MAX's Invested Capital at $165.4 million in Q1 2026, $124.2 million in Q4 2025, and $89.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Nebius 1,913,603.98 Bn 1,913,603.98 Bn 295.20 Mn 7.26 Bn
2 Alphabet 4,425.33 Bn 4,209.71 Bn 102.29 Bn 478.75 Bn
3 Meta Platforms 1,502.66 Bn 1,421.48 Bn 46.09 Bn 243.68 Bn
4 Spotify Technology 119.69 Bn 109.44 Bn 1.75 Bn 21.07 Mn
5 Reddit 33.22 Bn 30.45 Bn 511.94 Mn 3.18 Bn
6 Pinterest 13.64 Bn 12.34 Bn 768.96 Mn 2.85 Bn
7 Kanzhun 13.02 Bn 10.92 Bn 255.62 Bn 2.97 Bn
8 Snap 9.72 Bn 6.90 Bn 1.29 Bn 5.62 Bn
9 Zillow 8.26 Bn 7.48 Bn 519.00 Mn 4.74 Bn
10 MediaAlpha 506.52 Mn 449.46 Mn 304.68 Mn 165.42 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 165.42 Mn
Dec 31, 2025 124.22 Mn
Sep 30, 2025 89.91 Mn
Jun 30, 2025 101.07 Mn
Mar 31, 2025 119.05 Mn
Dec 31, 2024 116.21 Mn
Sep 30, 2024 105.03 Mn
Jun 30, 2024 88.88 Mn
Mar 31, 2024 82.70 Mn
Dec 31, 2023 79.87 Mn
Sep 30, 2023 76.82 Mn
Jun 30, 2023 84.29 Mn
Mar 31, 2023 92.17 Mn
Dec 31, 2022 96.99 Mn
Sep 30, 2022 121.85 Mn
Jun 30, 2022 147.96 Mn
Mar 31, 2022 126.97 Mn
Dec 31, 2021 125.23 Mn
Sep 30, 2021 113.64 Mn
Jun 30, 2021 104.09 Mn