MediaAlpha (MAX) Operating Expenses (2019 - 2025)
MediaAlpha has reported Operating Expenses over the past 7 years, most recently at $268.8 million for Q4 2025.
- Quarterly results put Operating Expenses at $268.8 million for Q4 2025, down 4.8% from a year ago — trailing twelve months through Dec 2025 was $1.1 billion (up 32.79% YoY), and the annual figure for FY2025 was $1.1 billion, up 32.79%.
- Operating Expenses for Q4 2025 was $268.8 million at MediaAlpha, down from $286.8 million in the prior quarter.
- Over the last five years, Operating Expenses for MAX hit a ceiling of $286.8 million in Q3 2025 and a floor of $89.3 million in Q3 2023.
- Median Operating Expenses over the past 5 years was $154.1 million (2021), compared with a mean of $174.0 million.
- Biggest five-year swings in Operating Expenses: tumbled 34.83% in 2022 and later surged 172.64% in 2024.
- MediaAlpha's Operating Expenses stood at $163.2 million in 2021, then fell by 20.02% to $130.5 million in 2022, then fell by 10.58% to $116.7 million in 2023, then soared by 141.93% to $282.4 million in 2024, then decreased by 4.8% to $268.8 million in 2025.
- The last three reported values for Operating Expenses were $268.8 million (Q4 2025), $286.8 million (Q3 2025), and $271.7 million (Q2 2025) per Business Quant data.