MediaAlpha (MAX) Operating Expenses (2019 - 2026)

MediaAlpha (MAX) has 8 years of Operating Expenses data on file, last reported at $287.6 million in Q1 2026.

• Operating Expenses for Q1 2026 came in at $287.6 million, up 8.87% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.1 billion (up 15.91% YoY), and the FY2025 annual result was $1.1 billion, up 32.79% from the prior year.
• Operating Expenses rose to $287.6 million in Q1 2026 per MAX's latest filing, from $268.8 million in the prior quarter.
• Over five years, Operating Expenses peaked at $287.6 million in Q1 2026 and troughed at $89.3 million in Q3 2023.
• A 5-year average of $183.7 million and a median of $150.5 million in 2022 frame the typical range for Operating Expenses.
• The sharpest annual moves came in 2022 and 2024: Operating Expenses slumped 34.83% in 2022, then surged 172.64% in 2024.
• 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.
• Business Quant data shows MAX's Operating Expenses at $287.6 million in Q1 2026, $268.8 million in Q4 2025, and $286.8 million in Q3 2025.