MediaAlpha (MAX) Operating Expenses (2019 - 2026)

MediaAlpha (MAX) has reported Operating Expenses for 8 consecutive years, with $296.9 million the latest figure, recorded in Q2 2026.

• In Q2 2026, Operating Expenses rose 9.29% year-over-year to $296.9 million; the TTM figure through Jun 2026 stood at $1.1 billion (up 7.38% YoY), while the FY2025 annual figure was $1.1 billion, up 32.79% from the prior year.
• Operating Expenses rose to $296.9 million in Q2 2026 per MAX's latest filing, from $287.6 million in the prior quarter.
• Across five years, Operating Expenses topped out at $296.9 million in Q2 2026 and bottomed at $89.3 million in Q3 2023.
• Historically, Operating Expenses has averaged $190.0 million across 5 years, with a median of $161.1 million in 2022.
• Annual changes were most pronounced in 2022 — Operating Expenses slumped 34.83% — and 2024, when it surged 172.64%.
• MediaAlpha's Operating Expenses stood at $130.5 million in 2022, then retreated by 10.58% to $116.7 million in 2023, then jumped by 141.93% to $282.4 million in 2024, then fell by 4.8% to $268.8 million in 2025, then rose by 10.44% to $296.9 million in 2026.
• Business Quant data shows MAX's Operating Expenses at $296.9 million in Q2 2026, $287.6 million in Q1 2026, and $268.8 million in Q4 2025.