MediaAlpha, Inc. (MAX) Financial Statements (2024 and earlier)

Company Profile

Business Address 700 SOUTH FLOWER STREET
LOS ANGELES, CA 90017
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20,02919,52914,54230,20835,19455,288
Cash and cash equivalents20,02919,52914,54230,20835,19455,288
Receivables32,58943,12659,99834,70838,85661,163
Other undisclosed current assets3,4844,6035,8804,9516,3597,820
Total current assets:56,10267,25880,42069,86780,409124,271
Noncurrent Assets
Intangible assets, net (including goodwill)77,21378,94280,67182,36284,06630,286
Goodwill47,73947,73947,73947,73947,73918,402
Intangible assets, net (excluding goodwill)29,47431,20332,93234,62336,32711,884
Deferred income tax assets    103,584103,008101,859
Other noncurrent assets6,8857,2408,9909,40618,39518,805
Total noncurrent assets:84,09886,18289,661195,352205,469150,950
TOTAL ASSETS:140,200153,440170,081265,219285,878275,221
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities51,05656,38768,12258,41949,44961,521
Employee-related liabilities3,3602,811
Accounts payable37,81546,31353,99242,33633,43451,509
Accrued liabilities13,24110,07414,13012,72313,20410,012
Debt8,7878,7778,7708,7608,7498,740
Other undisclosed current liabilities    (3,360)(2,811) 
Total current liabilities:59,84365,16476,89263,81955,38770,261
Noncurrent Liabilities
Long-term debt and lease obligation169,899172,100174,300181,494198,686175,878
Long-term debt, excluding current maturities169,899172,100174,300181,494198,686175,878
Liabilities, other than long-term debt4,8524,8824,97388,30891,27886,731
Deferred income tax liabilities    83,25683,27981,850
Other liabilities4,8524,8824,9735,0527,9994,881
Total noncurrent liabilities:174,751176,982179,273269,802289,964262,609
Total liabilities:234,594242,146256,165333,621345,351332,870
Equity
Equity, attributable to parent, including:(16,223)(13,277)(15,993)1,1953,4372,217
Additional paid in capital489,831478,499465,523455,753443,514433,157
Accumulated deficit(506,694)(492,408)(482,142)(455,177)(440,691)(431,552)
Other undisclosed equity, attributable to parent640632626619614612
Equity, attributable to noncontrolling interest(78,171)(75,429)(70,091)(69,597)(62,910)(59,866)
Total equity:(94,394)(88,706)(86,084)(68,402)(59,473)(57,649)
TOTAL LIABILITIES AND EQUITY:140,200153,440170,081265,219285,878275,221

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues84,772111,630124,00789,017103,449142,599
Cost of revenue(71,006)(93,262)(103,864)(76,343)(87,925)(120,881)
Gross profit:13,76618,36820,14312,67415,52421,718
Operating expenses(29,838)(27,917)(26,678)(23,249)(25,935)(29,587)
Operating loss:(16,072)(9,549)(6,535)(10,575)(10,411)(7,869)
Nonoperating income (expense)(3,758)(4,957)79,880(11,195)(2,000)(836)
Other nonoperating income (expense)116(1,381)83,217(8,602)(44)523
Interest and debt expense(3,874)(3,576)(3,337)(2,593)(1,956)(1,359)
Income (loss) from continuing operations before equity method investments, income taxes:(23,704)(18,082)70,008(24,363)(14,367)(10,064)
Other undisclosed income from continuing operations before income taxes3,8743,5763,3372,5931,9561,359
Income (loss) from continuing operations before income taxes:(19,830)(14,506)73,345(21,770)(12,411)(8,705)
Income tax expense (benefit)(150)(78)(101,695)544(611)(1,143)
Loss from continuing operations:(19,980)(14,584)(28,350)(21,226)(13,022)(9,848)
Loss before gain (loss) on sale of properties:(21,226)(13,022)(9,848)
Net loss:(19,980)(14,584)(28,350)(21,226)(13,022)(9,848)
Net income attributable to noncontrolling interest5,6944,3181,3856,7403,8832,772
Net loss available to common stockholders, diluted:(14,286)(10,266)(26,965)(14,486)(9,139)(7,076)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net loss:(19,980)(14,584)(28,350)(21,226)(13,022)(9,848)
Comprehensive loss:(19,980)(14,584)(28,350)(21,226)(13,022)(9,848)
Comprehensive income, net of tax, attributable to noncontrolling interest5,6944,3181,3856,7403,8832,772
Comprehensive loss, net of tax, attributable to parent:(14,286)(10,266)(26,965)(14,486)(9,139)(7,076)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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