v3.26.1
Net Income (Loss) Per Share (Tables)
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Summary of Calculation of Basic and Diluted Net Loss Per Share
The following table presents the calculation of basic and diluted net income (loss) per share:
Three Months Ended
March 31,
(in thousands except share data and per share amounts)20262025
Basic
Net income (loss)$14,046 $(2,334)
Less: net income (loss) attributable to non-controlling interest2,579 (386)
Net income (loss) attributable to MediaAlpha, Inc.$11,467 $(1,948)
Denominator:
Weighted-average shares of Class A common stock outstanding - basic
55,846,097 55,632,321 
Weighted-average shares of Class A common stock outstanding - diluted
55,846,097 55,632,321 
Net income (loss) attributable to MediaAlpha, Inc. per share of Class A common stock - basic
$0.21 $(0.04)
Net income (loss) attributable to MediaAlpha, Inc. per share of Class A common stock - diluted
$0.21 $(0.04)
Summary of Potential Dilutive Shares
The following table summarizes the shares and units with a potentially dilutive impact for the three months ended March 31, 2026 and 2025:
As of
March 31, 2026March 31, 2025
QLH Class B-1 Units8,324,220 11,609,982 
Restricted stock units6,937,524 6,018,424 
Potentially dilutive shares15,261,744 17,628,406