Growth Metrics

MediaAlpha (MAX) Shares Outstanding (Diluted Average) (2020 - 2025)

MediaAlpha (MAX) has disclosed Shares Outstanding (Diluted Average) for 6 consecutive years, with $66.8 million as the latest value for Q4 2025.

  • On a quarterly basis, Shares Outstanding (Diluted Average) rose 25.91% to $66.8 million in Q4 2025 year-over-year; TTM through Dec 2025 was $66.8 million, a 25.91% increase, with the full-year FY2025 number at $66.8 million, up 25.91% from a year prior.
  • Shares Outstanding (Diluted Average) was $66.8 million for Q4 2025 at MediaAlpha, up from $56.6 million in the prior quarter.
  • In the past five years, Shares Outstanding (Diluted Average) ranged from a high of $66.8 million in Q4 2025 to a low of $36.4 million in Q3 2021.
  • A 5-year average of $50.0 million and a median of $47.4 million in 2023 define the central range for Shares Outstanding (Diluted Average).
  • Peak YoY movement for Shares Outstanding (Diluted Average): skyrocketed 90.63% in 2021, then crashed 34.29% in 2022.
  • MediaAlpha's Shares Outstanding (Diluted Average) stood at $61.3 million in 2021, then crashed by 31.53% to $41.9 million in 2022, then rose by 8.65% to $45.6 million in 2023, then increased by 16.39% to $53.0 million in 2024, then rose by 25.91% to $66.8 million in 2025.
  • Per Business Quant, the three most recent readings for MAX's Shares Outstanding (Diluted Average) are $66.8 million (Q4 2025), $56.6 million (Q3 2025), and $55.9 million (Q2 2025).