For the year ending 2025-12-31, MAX had $3,610K increase in cash & cash equivalents over the period. $65,258K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income (loss) | 26,761 |
| Equity-based compensation expense | 30,331 |
| Non-cash lease expense | 938 |
| Depreciation expense on property and equipment | 273 |
| Amortization of intangible assets | 2,979 |
| Amortization of deferred debt issuance costs | 654 |
| Write-off of intangible assets | 13,416 |
| Impairment of cost method investment | 0 |
| Credit losses | -173 |
| Deferred taxes | -138,894 |
| Tax receivables agreement | 124,089 |
| Accounts receivable | -20,086 |
| Prepaid expenses and other current assets | 672 |
| Other assets | 3,915 |
| Accounts payable | -14,469 |
| Accrued expenses | 4,194 |
| Net cash provided by operating activities | 65,598 |
| Purchases of property and equipment | 340 |
| Acquisition of intangible assets | 0 |
| Net cash (used in) investing activities | -340 |
| Repayments on long-term debt | 9,500 |
| Debt issuance costs | 284 |
| Payments pursuant to tax receivables agreement | 0 |
| Shares withheld for taxes on vesting of restricted stock units | 4,214 |
| Repurchases of class a common stock | 47,269 |
| Contributions from qlhs members | 869 |
| Distributions to non-controlling interests | 1,250 |
| Net cash (used in) financing activities | -61,648 |
| Net increase in cash and cash equivalents | 3,610 |
| Cash and cash equivalents, beginning of period | 43,266 |
| Cash and cash equivalents, end of period | 46,876 |
MediaAlpha, Inc. (MAX)
MediaAlpha, Inc. (MAX)