MediaAlpha, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.11B | $864.7M | $388.1M | $459.1M | $645.3M | $584.8M | $408.0M | $296.9M |
| Cost of Revenue | $946.1M | $721.1M | $321.4M | $389.0M | $543.8M | $499.4M | $342.9M | $247.7M |
| Gross Profit | $167.5M | $143.6M | $66.7M | $70.1M | $101.5M | $85.4M | $65.1M | $49.2M |
| Gross Margin | 15.0% | 16.6% | 17.2% | 15.3% | 15.7% | 14.6% | 16.0% | 16.6% |
| Operating Expenses | ||||||||
| Research & Development | $21.4M | $19.8M | $18.5M | $21.1M | $15.2M | $12.4M | $7.0M | $10.3M |
| SG&A Expense | $89.6M | $56.4M | $62.7M | $55.6M | $61.4M | $32.9M | $19.4M | $7.8M |
| Operating Income | $22.1M | $42.7M | $-39.9M | $-35.4M | $2.1M | $19.5M | $24.8M | $19.3M |
| Operating Margin | 2.0% | 4.9% | -10.3% | -7.7% | 0.3% | 3.3% | 6.1% | 6.5% |
| Interest Expense | $10.4M | $13.3M | $15.3M | $9.2M | $7.8M | $7.9M | $7.0M | $1.2M |
| Pretax Income | $-111.1M | $23.5M | $-57.0M | $30.5M | $-9.5M | $9.3M | $17.8M | $18.1M |
| Income Tax Expense | $-137.8M | $1.4M | $-463.0K | $102.9M | $-1.0M | $-1.3M | $0 | — |
| Net Income | $25.6M | $16.6M | $-40.4M | $-57.7M | $-5.3M | $-4.4M | $17.8M | $18.1M |
| Net Margin | 2.3% | 1.9% | -10.4% | -12.6% | -0.8% | -0.7% | 4.4% | 6.1% |
| EPS (Basic) | $0.46 | $0.31 | $-0.89 | $-1.37 | $-0.14 | $-0.14 | — | — |
| EPS (Diluted) | $0.39 | $0.31 | $-0.89 | $-1.37 | $-0.19 | $-0.14 | — | — |
| Shares Outstanding (Basic) | 56.2M | 53.0M | 45.6M | 41.9M | 37.3M | 32.1M | — | — |
| Shares Outstanding (Diluted) | 66.8M | 53.0M | 45.6M | 41.9M | 61.3M | 32.1M | — | — |
| Dividends Per Share | — | — | — | — | — | — | — | — |