MediaAlpha (MAX) Total Debt (2019 - 2026)
MediaAlpha's Total Debt came in at $176.71 million for Q2 2026, up 11.8% from $158.02 million a year earlier and up 8.1% from the prior quarter.
Powered by 
Analysis
MediaAlpha (MAX) Total Debt (2019 - 2026) Analysis & Trends
At the end of FY2025, MediaAlpha's Total Debt was $153.41 million, down 5.6% from FY2024.
- Total Debt has declined in each of the last four years, with a five-year compound annual growth rate of -3.4% (FY2020 to FY2025).
- Going back by year, Total Debt was $162.45 million in FY2024 (-6.8%), $174.3 million in FY2023 (-4.8%), $183.07 million in FY2022 (-2.0%) and $186.8 million in FY2021 (+2.3%).
- The Q2 2026 figure represents the highest quarterly Total Debt since Q2 2023.
- Year-over-year, Total Debt increased in two of the last eight quarters, with an average decline of 2.9%.
- The fastest year-over-year change in Total Debt over five years came in Q2 2022 (growth of 13.1%), and the weakest in Q2 2023 (a decline of 13.9%).
- Business Quant data shows MAX's Total Debt at $163.5 million (Q1 2026), $153.41 million (Q4 2025) and $155.69 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,164.76 Bn | 3,922.28 Bn | 73.85 Bn | 98.17 Bn |
| 2 | Meta Platforms | 1,823.40 Bn | 1,525.92 Bn | 49.47 Bn | 83.66 Bn |
| 3 | Netflix | 288.27 Bn | 248.47 Bn | 6.52 Bn | 14.31 Bn |
| 4 | Alibaba Group Holding | 252.72 Bn | 70.58 Bn | 15.11 Bn | 25.22 Bn |
| 5 | Shopify | 186.52 Bn | 163.71 Bn | 1.71 Bn | - |
| 6 | Uber Technologies | 139.11 Bn | 111.09 Bn | 6.38 Bn | 12.72 Bn |
| 7 | Booking Holdings | 123.13 Bn | 56.18 Bn | - | 20.18 Bn |
| 8 | PDD Holdings | 111.72 Bn | -140.21 Bn | 9.45 Bn | - |
| 9 | AppLovin | 103.35 Bn | 93.38 Bn | 1.70 Bn | 3.52 Bn |
| 10 | MediaAlpha | 488.00 Mn | 319.13 Mn | 45.17 Mn | 176.71 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 176.71 Mn |
| Mar 31, 2026 | 163.50 Mn |
| Dec 31, 2025 | 153.41 Mn |
| Sep 30, 2025 | 155.69 Mn |
| Jun 30, 2025 | 158.02 Mn |
| Mar 31, 2025 | 160.23 Mn |
| Dec 31, 2024 | 162.45 Mn |
| Sep 30, 2024 | 164.65 Mn |
| Jun 30, 2024 | 166.85 Mn |
| Mar 31, 2024 | 172.10 Mn |
| Dec 31, 2023 | 174.30 Mn |
| Sep 30, 2023 | 176.49 Mn |
| Jun 30, 2023 | 178.69 Mn |
| Mar 31, 2023 | 180.88 Mn |
| Dec 31, 2022 | 183.07 Mn |
| Sep 30, 2022 | 190.25 Mn |
| Jun 30, 2022 | 207.44 Mn |
| Mar 31, 2022 | 184.62 Mn |
| Dec 31, 2021 | 186.80 Mn |
| Sep 30, 2021 | 186.60 Mn |
API Access
MediaAlpha Total Debt API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=total-debt&ticker=MAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "ticker": "MAX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=total-debt&ticker=MAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();