MediaAlpha, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $25.6M | $16.6M | $-40.4M | $-57.7M | $-5.3M | $-4.4M | $17.8M | $18.1M |
| Depreciation & Amortization | — | — | — | — | — | $300.0K | $300.0K | $200.0K |
| Depreciation | $273.0K | $252.0K | $353.0K | $392.0K | $369.0K | $289.0K | $272.0K | $187.0K |
| Amortization | $3.0M | $6.4M | $6.9M | $5.8M | $3.0M | $3.2M | $5.4M | $11.8M |
| Stock-Based Compensation | $30.3M | $34.1M | $53.3M | $58.5M | $45.7M | $24.7M | $2.3M | $824.0K |
| Net Cash from Operating Activities | $65.6M | $45.9M | $20.2M | $28.3M | $28.6M | $51.4M | $22.1M | $22.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $340.0K | $254.0K | $73.0K | $98.0K | $650.0K | $296.0K | $146.0K | $630.0K |
| Business Acquisitions | — | $0 | $0 | $49.7M | $0 | $0 | — | — |
| Net Cash from Investing Activities | $-340.0K | $-654.0K | $-73.0K | $-49.8M | $-650.0K | $-10.3M | $-294.0K | $-640.0K |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-61.6M | $-19.2M | $-17.4M | $-14.5M | $-961.0K | $-27.6M | $-17.5M | $-25.4M |
| Net Change in Cash | $3.6M | $26.0M | $2.7M | $-36.0M | $27.0M | $13.5M | $4.4M | $-3.4M |
| Free Cash Flow | $65.3M | $45.6M | $20.2M | $28.2M | $28.0M | $51.1M | $22.0M | $22.0M |