MediaAlpha (MAX) Research & Development (2019 - 2026)
MediaAlpha (MAX) reported Research & Development of $5.5 million for Q1 2026, up 11.65% year-over-year from $4.9 million in Q1 2025, and up 2.38% quarter-over-quarter from $5.3 million in Q4 2025.
MediaAlpha (MAX) Research & Development (2019 - 2026) Analysis & Trends
MediaAlpha (MAX) has 8 years of Research & Development data on file, last reported at $5.5 million in Q1 2026.
- Research & Development for Q1 2026 came in at $5.5 million, up 11.65% year-over-year; the trailing twelve-month figure through Mar 2026 was $22.0 million (up 8.27% YoY), and the FY2025 annual result was $21.4 million, up 8.26% from the prior year.
- Research & Development improved to $5.5 million in Q1 2026 per MAX's latest filing, from $5.3 million in the prior quarter.
- Over five years, Research & Development peaked at $5.8 million in Q3 2025 and troughed at $3.9 million in Q4 2023.
- A 5-year average of $5.1 million and a median of $5.2 million in 2023 frame the typical range for Research & Development.
- The sharpest annual moves came in 2022 and 2023: Research & Development soared 57.11% in 2022, then retreated 19.88% in 2023.
- A 5-year view of Research & Development shows it stood at $4.9 million in 2022, then slipped by 19.88% to $3.9 million in 2023, then gained by 27.66% to $5.0 million in 2024, then climbed by 6.11% to $5.3 million in 2025, then advanced by 2.38% to $5.5 million in 2026.
- Business Quant data shows MAX's Research & Development at $5.5 million in Q1 2026, $5.3 million in Q4 2025, and $5.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 1,913,603.98 Bn | 1,913,603.98 Bn | 295.20 Mn | 67.40 Mn |
| 2 | Alphabet | 4,425.33 Bn | 4,209.71 Bn | 102.29 Bn | 17.03 Bn |
| 3 | Meta Platforms | 1,502.66 Bn | 1,421.48 Bn | 46.09 Bn | 17.70 Bn |
| 4 | Spotify Technology | 119.69 Bn | 109.44 Bn | 1.75 Bn | 387.52 Mn |
| 5 | 33.22 Bn | 30.45 Bn | 511.94 Mn | 207.25 Mn | |
| 6 | 13.64 Bn | 12.34 Bn | 768.96 Mn | 380.79 Mn | |
| 7 | Kanzhun | 13.02 Bn | 10.92 Bn | 255.62 Bn | -61.44 Bn |
| 8 | Snap | 9.72 Bn | 6.90 Bn | 1.29 Bn | 478.30 Mn |
| 9 | Zillow | 8.26 Bn | 7.48 Bn | 519.00 Mn | 150.00 Mn |
| 10 | MediaAlpha | 506.52 Mn | 449.46 Mn | 304.68 Mn | 5.46 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.46 Mn |
| Dec 31, 2025 | 5.33 Mn |
| Sep 30, 2025 | 5.83 Mn |
| Jun 30, 2025 | 5.35 Mn |
| Mar 31, 2025 | 4.89 Mn |
| Dec 31, 2024 | 5.02 Mn |
| Sep 30, 2024 | 5.33 Mn |
| Jun 30, 2024 | 5.05 Mn |
| Mar 31, 2024 | 4.36 Mn |
| Dec 31, 2023 | 3.93 Mn |
| Sep 30, 2023 | 4.30 Mn |
| Jun 30, 2023 | 5.06 Mn |
| Mar 31, 2023 | 5.17 Mn |
| Dec 31, 2022 | 4.91 Mn |
| Sep 30, 2022 | 5.29 Mn |
| Jun 30, 2022 | 5.66 Mn |
| Mar 31, 2022 | 5.22 Mn |
| Dec 31, 2021 | 4.28 Mn |
| Sep 30, 2021 | 3.76 Mn |
| Jun 30, 2021 | 3.84 Mn |