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 | 33.22 Bn | 30.45 Bn | 511.94 Mn | 3.18 Bn | |
| 6 | 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| Date | Value |
|---|---|
| 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 |