MediaAlpha, Inc. (MAX) company profile
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
- Website
- mediaalpha.com
- 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
| Name | Position | Shares owned |
|---|---|---|
| Steven Yi | See Remarks, Director | 2,537,551 |
| Kuanling Amy Yeh | Chief Technology Officer | 493,091 |
| Keith Cramer | Chief Revenue Officer | 239,303 |
| Tigran Sinanyan | See Remarks | 254,781 |
| Patrick Ryan Thompson | See Remarks | 1,099,078 |
| Jeffrey B. Coyne | GENERAL COUNSEL AND SECRETARY | 581,811 |
| Eugene Nonko | Director | 1,112,864 |
| Lauren StClair | Director | 20,900 |
| Bradley William Hunt | Director | 46,200 |
| Kathy P. Vrabeck | Director | 150,407 |
| Venmal (Raji) Arasu | Director | 119,407 |
| Ramon Jones | Director | 28,000 |
| Lara Sweet | Director | 98,657 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer 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
| Executive | Salary | Stock awards | Incentive pay | Other | Total | vs. 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
| Date | Event | Details |
|---|---|---|
| May 26, 2023 | Tender offer | Third-party tender offer for the company's shares |
| Oct 29, 2020 | IPO | Initial public offering priced (424B4 prospectus) |
| Oct 28, 2020 | Listing | Registration of securities on an exchange (Form 8-A) |
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