MediaAlpha, Inc. (MAX) stock

MAXNYSEServices-Business Services, NECFiscal year ends December 31

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 28, 2026Score 14/3059% below fair value

$14.81−0.16 (-1.07%)

Close on Nov 12, 2026Market cap $876.63MP/E 8.2Yield –

MediaAlpha r&d expenses

Research and development expenses are spending on new products and technology.

MediaAlpha's R&D Expenses for the twelve months ending Sep 30, 2026 was $23.04M, up 9.2% year over year. For fiscal 2025 it was $21.40M, up 8.3% from the year before. The highest annual figure on record is $21.40M in fiscal 2025.

Annual r&d expenses

Period	Period end	Value	Change
FY2025	Dec 31, 2025	$21.40M	+8.3%
FY2024	Dec 31, 2024	$19.76M	+7.1%
FY2023	Dec 31, 2023	$18.46M	-12.4%
FY2022	Dec 31, 2022	$21.08M	+38.7%
FY2021	Dec 31, 2021	$15.20M	+22.1%
FY2020	Dec 31, 2020	$12.45M	+76.8%
FY2019	Dec 31, 2019	$7.04M	-31.9%
FY2018	Dec 31, 2018	$10.34M	–

Quarterly r&d expenses

Change is against the same quarter a year earlier.

Period	Period end	Value	Change
Q3 FY2026	Sep 30, 2026	$6.21M	+6.6%
Q2 FY2026	Jun 30, 2026	$6.04M	+12.9%
Q1 FY2026	Mar 31, 2026	$5.46M	+11.6%
Q4 FY2025	Dec 31, 2025	$5.33M	+6.1%
Q3 FY2025	Sep 30, 2025	$5.83M	+9.4%
Q2 FY2025	Jun 30, 2025	$5.35M	+6.0%
Q1 FY2025	Mar 31, 2025	$4.89M	+12.0%
Q4 FY2024	Dec 31, 2024	$5.02M	+27.7%
Q3 FY2024	Sep 30, 2024	$5.33M	+24.0%
Q2 FY2024	Jun 30, 2024	$5.05M	-0.2%
Q1 FY2024	Mar 31, 2024	$4.36M	-15.6%
Q4 FY2023	Dec 31, 2023	$3.93M	-19.9%
Q3 FY2023	Sep 30, 2023	$4.30M	-18.8%
Q2 FY2023	Jun 30, 2023	$5.06M	-10.6%
Q1 FY2023	Mar 31, 2023	$5.17M	-0.9%
Q4 FY2022	Dec 31, 2022	$4.91M	+14.7%
Q3 FY2022	Sep 30, 2022	$5.29M	+40.8%
Q2 FY2022	Jun 30, 2022	$5.66M	+47.4%
Q1 FY2022	Mar 31, 2022	$5.22M	+57.1%
Q4 FY2021	Dec 31, 2021	$4.28M	-38.6%
Q3 FY2021	Sep 30, 2021	$3.76M	+112.7%
Q2 FY2021	Jun 30, 2021	$3.84M	+105.0%
Q1 FY2021	Mar 31, 2021	$3.32M	+80.1%
Q4 FY2020	Dec 31, 2020	$6.97M	–
Q3 FY2020	Sep 30, 2020	$1.77M	–
Q2 FY2020	Jun 30, 2020	$1.87M	–
Q1 FY2020	Mar 31, 2020	$1.84M	–