Growth Metrics

MediaAlpha (MAX) Operating Expenses (2019 - 2026)

MediaAlpha has reported Operating Expenses over the past 8 years, most recently at $287.6 million for Q1 2026.

  • Quarterly Operating Expenses rose 8.87% to $287.6 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $1.1 billion through Mar 2026, up 15.91% year-over-year, with the annual reading at $1.1 billion for FY2025, 32.79% up from the prior year.
  • Operating Expenses was $287.6 million for Q1 2026 at MediaAlpha, up 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.
  • The 5-year median for Operating Expenses is $150.5 million (2022), against an average of $183.7 million.
  • Year-over-year, Operating Expenses tumbled 34.83% in 2022 and 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 decreased by 4.8% to $268.8 million in 2025, then rose by 6.99% to $287.6 million in 2026.
  • Per Business Quant, the three most recent readings for MAX's Operating Expenses are $287.6 million (Q1 2026), $268.8 million (Q4 2025), and $286.8 million (Q3 2025).