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MediaAlpha, Inc. (MAX) company profile

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 $876.64MP/E 8.2Yield –

About MediaAlpha

Services-Business Services, NEC, SIC 7389

MediaAlpha operates a customer acquisition technology platform and programmatic marketplace for the insurance sector. The company connects insurance providers with prospective policyholders by delivering consumer referrals through clicks, calls, and leads. Its operations span three primary segments: property and casualty, health—with a focus on Medicare Advantage—and life insurance. Transactions occur through open and private marketplace formats. The company's customer base consists of demand partners, including insurance carriers, distributors, and agents seeking to acquire customers, as well as supply partners, such as carriers and financial websites looking to monetize consumer traffic.

Geographically, the provided text references the United States insurance market. Regarding operational scale, the company employs an average of 147 individuals and supports over 1,050 insurance partners alongside insurance agents. Its network includes more than 700 demand partners and over 350 supply partners, which together account for approximately 141 million consumer referrals in a year. The excerpt does not disclose the company's corporate headquarters.

Summary of the business section of MediaAlpha's latest annual report, written by StockData.

Company profile

Company

Legal name
MediaAlpha, Inc.
Headquarters
Los Angeles, CA
Address
700 South Flower Street, Suite 640 90017
Phone
(619) 393-9368
Employees
147, Dec 31, 2025
Industry
Services-Business Services, NEC
Incorporated in
Delaware
Fiscal year ends
December 31
Auditor
PricewaterhouseCoopers LLP, Boston, Massachusetts

Stock & identifiers

Ticker
MAX
Exchange
NYSE
IPO date
Oct 29, 2020
Shares outstanding
59M, Oct 26, 2026
Public float
$367.10M, Jun 30, 2025
Filer category
Accelerated filer
SEC CIK
1818383
CUSIP
58450V104
ISIN
US58450V1044
FIGI
BBG00XRTJ7K6
Share class FIGI
BBG00XRTJ8D2
EIN
85-1854133

Executives and directors

Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years

NamePositionShares owned
Steven YiSee Remarks, Director2,537,551
Kuanling Amy YehChief Technology Officer493,091
Keith CramerChief Revenue Officer239,303
Tigran SinanyanSee Remarks254,781
Patrick Ryan ThompsonSee Remarks1,099,078
Jeffrey B. CoyneGENERAL COUNSEL AND SECRETARY581,811
Eugene NonkoDirector1,112,864
Lauren StClairDirector20,900
Bradley William HuntDirector46,200
Kathy P. VrabeckDirector150,407
Venmal (Raji) ArasuDirector119,407
Ramon JonesDirector28,000
Lara SweetDirector98,657

CEO pay and shareholder return

Pay versus performance table from the proxy statement

Fiscal yearCEO total payCEO pay actually paidOther executives (avg)Value of $100 investedPeer group
FY2025$7.04M$9.42M$3.27M$33$258
FY2024$6.95M$5.74M$4.75M$29$208
FY2023$5.75M$4.86M$3.75M$29$152
FY2022$4.95M-$1.29M$2.12M$25$97
FY2021$1.06M-$28.83M$1.71M$40$135
FY2020$36.12M$73.01M$19.52M$123$117

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

Executive compensation, fiscal 2025

Summary compensation table from the latest proxy statement

ExecutiveSalaryStock awardsIncentive payOtherTotalvs. prior year
Steven Yi
Chief Executive Officer and President
$591.67K$5.64M$740.53K$61.65K$7.04M+1%
Eugene Nonko
Chief Architect
$550.00K$3.31M$577.00K$49.85K$4.48M-35%
Patrick Thompson
Chief Financial Officer and Treasurer
$496.67K$3.15M$462.83K$11.75K$4.12M-9%
Jeffrey Coyne
General Counsel
$441.67K$1.98M$388.78K$15.50K$2.82M+2%
Keith Cramer
Chief Revenue Officer
$416.67K$1.55M$367.18K$43.20K$2.38M+7%
Amy Yeh
Chief Technology Officer
$419.17K$1.69M$367.18K$42.95K$2.52M+9%

Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.

IPO

From the final prospectus (Form 424B4) and the first day of trading

Offering

Type
Initial public offering
Final prospectus filed
Oct 29, 2020
Offer price
$19.00
Securities offered
6,258,502
Gross proceeds
$118.91M
Exchange
NYSE
First trading day
Oct 28, 2020
First-day close
$31.86+67.7%
Lock-up ends (est.)
Apr 26, 2021

“The initial public offering price per share of our Class A common stock is $19 per share.”

Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.

Employees

Headcount reported in annual reports

“As of December 31, 2025, we had 147 full-time employees.”

Corporate history

Events identified from SEC filings

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