MediaAlpha (MAX) Research & Development (2019 - 2026)
MediaAlpha (MAX) posted quarterly Research & Development of $6.0 million for Q2 2026, up 12.89% year-over-year from $5.4 million in Q2 2025, and up 10.78% quarter-over-quarter from $5.5 million in Q1 2026.
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MediaAlpha (MAX) Research & Development (2019 - 2026) Analysis & Trends
MediaAlpha (MAX) has reported Research & Development for 8 consecutive years, with $6.0 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Research & Development rose 12.89% year-over-year to $6.0 million; the TTM figure through Jun 2026 stood at $22.6 million (down 4.01% YoY), while the FY2025 annual figure was $21.4 million, down 13.46% from the prior year.
- Research & Development grew to $6.0 million in Q2 2026 per MAX's latest filing, from $5.5 million in the prior quarter.
- Across five years, Research & Development topped out at $8.0 million in Q2 2022 and bottomed at $5.3 million in Q4 2025.
- Historically, Research & Development has averaged $6.3 million across 5 years, with a median of $6.1 million in 2023.
- Annual changes were most pronounced in 2022 — Research & Development surged 39.03% — and 2024, when it decreased 17.13%.
- MediaAlpha's Research & Development stood at $6.8 million in 2022, then declined by 16.99% to $5.6 million in 2023, then climbed by 8.65% to $6.1 million in 2024, then slipped by 13.06% to $5.3 million in 2025, then rose by 13.63% to $6.0 million in 2026.
- Business Quant data shows MAX's Research & Development at $6.0 million in Q2 2026, $5.5 million in Q1 2026, and $5.3 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 18.22 Bn |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 21.66 Bn |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | 468.43 Mn |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | 191.00 Mn |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 231.28 Mn | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | -148.13 Mn |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | -35.00 Mn |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | 451.01 Mn | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 158.25 Mn |
| 10 | MediaAlpha | 681.52 Mn | 657.78 Mn | 45.17 Mn | 6.04 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.04 Mn |
| Mar 31, 2026 | 5.46 Mn |
| Dec 31, 2025 | 5.32 Mn |
| Sep 30, 2025 | 5.83 Mn |
| Jun 30, 2025 | 5.35 Mn |
| Mar 31, 2025 | 5.63 Mn |
| Dec 31, 2024 | 6.12 Mn |
| Sep 30, 2024 | 6.50 Mn |
| Jun 30, 2024 | 6.32 Mn |
| Mar 31, 2024 | 5.80 Mn |
| Dec 31, 2023 | 5.63 Mn |
| Sep 30, 2023 | 6.10 Mn |
| Jun 30, 2023 | 6.71 Mn |
| Mar 31, 2023 | 6.99 Mn |
| Dec 31, 2022 | 6.78 Mn |
| Sep 30, 2022 | 6.85 Mn |
| Jun 30, 2022 | 7.96 Mn |
| Mar 31, 2022 | 7.22 Mn |
| Dec 31, 2021 | 6.08 Mn |
| Sep 30, 2021 | 5.62 Mn |