MediaAlpha, Inc. (MAX) Operating Expenses (2019 - 2026)

MediaAlpha has disclosed Operating Expenses across 8 years of filings, most recently posting $287.6 million for Q1 2026.

• In Q1 2026, Operating Expenses rose 8.87% year-over-year to $287.6 million; the TTM figure through Mar 2026 stood at $1.1 billion (up 15.91% YoY), while the FY2025 annual figure was $1.1 billion, up 32.79% from the prior year.
• Operating Expenses advanced to $287.6 million in Q1 2026, from $268.8 million in the prior quarter.
• Over the last five years, Operating Expenses for MAX reached as high as $287.6 million in Q1 2026 and fell as low as $89.3 million in Q3 2023.
• The 5-year median for Operating Expenses is $150.5 million (2022), against an average of $183.7 million.
• Annual changes were most pronounced in 2022 — Operating Expenses plunged 34.83% — and 2024, when it surged 172.64%.
• A 5-year view of Operating Expenses shows it stood at $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 declined by 4.8% to $268.8 million in 2025, then rose by 6.99% to $287.6 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $287.6 million, $268.8 million, and $286.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.