MAX: the cashflow

MyFinsight

For the quarter ending 2025-09-30, MAX had -$13,040K decrease in cash & cash equivalents over the period. $23,555K in free cash flow.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Cash Flow	2025-09-30	2025-06-30
Net income (loss)	-7,224	-
Equity-based compensation expense	22,798	-
Non-cash lease expense	688	-
Depreciation expense on property and equipment	201	-
Amortization of intangible assets	2,467	-
Amortization of deferred debt issuance costs	518	-
Write-off of intangible assets	13,416	-
Credit losses	-13	-
Tax receivables agreement liability related adjustments	-80	-
Accounts receivable	-13,774	-
Prepaid expenses and other current assets	382	-
Other assets	4,039	-
Accounts payable	-2,882	-
Accrued expenses	33,804	-
Net cash provided by operating activities	23,623	49,423
Purchases of property and equipment	68	232
Acquisition of intangible assets	0	-
Net cash (used in) investing activities	-68	-232
Repayments on long-term debt	2,375	4,750
Payments of debt issuance costs	284	-
Repurchases of class a common stock	32,893	-
Contributions from qlhs members	42	391
Distributions to non-controlling interests	54	787
Shares withheld for taxes on vesting of restricted stock units	1,031	1,930
Net cash (used in) financing activities	-36,595	-7,076
Net increase in cash and cash equivalents and restricted cash	-13,040	42,115
Cash and cash equivalents at beginning of period	43,266	-
Cash and cash equivalents at end of period	72,341	-

Unit: Thousand (K) dollars