v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 23,745 $ 46,876
Accounts receivable, net of allowance for credit losses of $804 and $717, respectively 141,567 123,019
Prepaid expenses and other current assets 6,028 4,477
Total current assets 171,340 174,372
Intangible assets, net 2,635 3,590
Goodwill 47,739 47,739
Deferred tax assets 130,519 149,734
Other assets 7,583 8,396
Total assets 359,816 383,831
Current liabilities    
Accounts payable 113,404 91,094
Accrued expenses 12,506 34,746
Current portion of long-term debt 7,168 21,807
Total current liabilities 133,078 147,647
Long-term debt, net of current portion 169,542 131,602
Liabilities under tax receivables agreement, net of current portion 50,951 124,212
Other long-term liabilities 11,193 9,564
Total liabilities 364,764 413,025
Commitments and contingencies (Note 5)
Stockholders' deficit    
Preferred stock, $0.01 par value - 50 million shares authorized; 0 shares issued and outstanding as of June 30, 2026 and December 31, 2025 0 0
Additional paid-in capital 457,204 483,825
Accumulated deficit (429,405) (480,310)
Total stockholders' equity attributable to MediaAlpha, Inc. 28,412 4,160
Non-controlling interests (33,360) (33,354)
Total stockholders' deficit (4,948) (29,194)
Total liabilities and stockholders' deficit 359,816 383,831
Class A Common    
Stockholders' deficit    
Common stock 530 562
Class B Common    
Stockholders' deficit    
Common stock $ 83 $ 83