v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 26,051 $ 46,876
Accounts receivable, net of allowance for credit losses of $762 and $717, respectively 133,796 123,019
Prepaid expenses and other current assets 5,358 4,477
Total current assets 165,205 174,372
Intangible assets, net 3,113 3,590
Goodwill 47,739 47,739
Deferred tax assets 143,699 149,734
Other assets 7,959 8,396
Total assets 367,715 383,831
Current liabilities    
Accounts payable 91,398 91,094
Accrued expenses 14,604 34,746
Current portion of long-term debt 7,167 21,807
Total current liabilities 113,169 147,647
Long-term debt, net of current portion 156,336 131,602
Liabilities under tax receivables agreement, net of current portion 116,564 124,212
Other long-term liabilities 10,738 9,564
Total liabilities 396,807 413,025
Commitments and contingencies (Note 5)
Stockholders' deficit    
Preferred stock, $0.01 par value - 50 million shares authorized; 0 shares issued and outstanding as of March 31, 2026 and December 31, 2025 0 0
Additional paid-in capital 470,131 483,825
Accumulated deficit (468,843) (480,310)
Total stockholders' equity attributable to MediaAlpha, Inc. 1,917 4,160
Non-controlling interests (31,009) (33,354)
Total stockholders' deficit (29,092) (29,194)
Total liabilities and stockholders' deficit 367,715 383,831
Class A Common    
Stockholders' deficit    
Common stock 546 562
Class B Common    
Stockholders' deficit    
Common stock $ 83 $ 83