MediaAlpha, Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $39.4M | $11.5M | $31.4M | $14.9M | $-18.7M | $-1.9M | $4.6M | $9.5M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $76.0K | $74.0K | $72.0K | $71.0K | $68.0K | $62.0K | $61.0K | $65.0K |
| Amortization | $500.0K | $477.0K | $535.0K | $500.0K | $500.0K | $1.4M | $1.6M | $1.6M |
| Stock-Based Compensation | $8.5M | $7.3M | $7.5M | $7.7M | $8.1M | $7.0M | $7.6M | $8.6M |
| Net Cash from Operating Activities | $42.6M | $-1.6M | $-7.4M | $23.6M | $25.7M | $23.7M | $14.5M | $8.1M |
| Investing Activities | ||||||||
| Capital Expenditures | $774.0K | $42.0K | $40.0K | $68.0K | $175.0K | $57.0K | $47.0K | $43.0K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-774.0K | $-42.0K | $-40.0K | $-68.0K | $-175.0K | $-57.0K | $-47.0K | $-443.0K |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-44.1M | $-19.2M | $-18.0M | $-36.6M | $-3.7M | $-3.3M | $-3.5M | $-4.0M |
| Net Change in Cash | $-2.3M | $-20.8M | $-25.5M | $-13.0M | $21.8M | $20.3M | $11.0M | $3.6M |
| Free Cash Flow | $41.8M | $-1.6M | $-7.5M | $23.6M | $25.5M | $23.6M | $14.5M | $8.0M |