← MediaAlpha, Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | $18.1m |
$17.8m
-1.68%
|
$10.6m
-40.73%
|
($8.5m)
-180.24%
|
($72.4m)
-754.82%
|
($56.6m)
+21.93%
|
$22.1m
+139.11%
|
$26.8m
+20.99%
|
— | |
| Depreciation expense on property and equipment | $187k | $272k | $289k | $369k | $392k | $353k | $252k | $273k | $2.3m | |
| Amortization of intangible assets | $11.8m | $5.4m | $3.2m | $3.0m | $5.8m | $6.9m | $6.4m | $3.0m | — | |
| Amortization of deferred debt issuance costs | $15k | $665k | $1.2m | $1.2m | $832k | $793k | $755k | $654k | — | |
| Deferred taxes | — | $0 | ($545k) | $919k | $102.7m | $0 | $0 | ($138.9m) | — | |
| Changes of deferred tax assets related to increase in tax basis | — | — | — | ($68.2m) | $0 | $0 | $0 | ($10.8m) | — | |
| Impairment of cost method investment | — | — | $0 | $0 | $8.6m | $1.4m | $0 | $0 | — | |
| Tax receivables agreement | — | — | — | — | — | $6k | $7.0m | $124.1m | — | |
| Accounts receivable | ($5.2m) | ($19.2m) | ($40.8m) | $20.1m | $17.3m | $6.2m | ($89.7m) | $20.1m | ($38.9m) | |
| Payments pursuant to tax receivables agreement | — | — | $0 | $0 | ($216k) | ($2.8m) | $0 | $0 | — | |
| Accounts payable | ($5.4m) | $13.4m | $57.8m | ($36.5m) | ($7.8m) | $2.3m | $49.3m | ($14.5m) | $37.6m | |
| Accrued expenses | $2.0m | $1.3m | $2.9m | $2.9m | ($494k) | $2.0m | $14.0m | $4.2m | ($45.8m) | |
| Accrued excise tax on repurchases of Class A common stock at end of period | — | — | — | — | — | $0 | $0 | $309k | — | |
| Prepaid expenses and other current assets | ($262k) | ($162k) | ($6.5m) | ($2.7m) | $4.5m | $2.3m | ($244k) | ($672k) | — | |
| Other assets | — | $0 | ($4.4m) | $500k | $417k | $500k | $500k | ($3.9m) | — | |
| Net cash provided by operating activities | $22.6m |
$22.1m
-2.23%
|
$51.4m
+132.17%
|
$28.6m
-44.33%
|
$28.3m
-1.21%
|
$20.2m
-28.45%
|
$45.9m
+126.74%
|
$65.6m
+43.00%
|
$57.2m
-12.79%
|
|
| Purchases of property and equipment | ($630k) | ($146k) | ($296k) | ($650k) | ($98k) | ($73k) | ($254k) | ($340k) | ($924k) | |
| Net cash (used in) investing activities | ($640k) | ($294k) | ($10.3m) | ($650k) | ($49.8m) | ($73k) | ($654k) | ($340k) | ($924k) | |
| Repayments on long-term debt | ($3.6m) | ($15.1m) | ($123.6m) | ($186.4m) | ($9.5m) | ($9.5m) | ($12.5m) | ($9.5m) | — | |
| Debt issuance costs | — | ($2.3m) | ($4.5m) | ($866k) | $0 | $0 | $0 | ($284k) | — | |
| Repurchases of Class A common stock | — | — | $0 | $0 | ($5.0m) | $0 | $0 | ($47.3m) | — | |
| Net cash (used in) financing activities | ($25.4m) |
($17.5m)
+31.29%
|
($27.6m)
-57.80%
|
($961k)
+96.52%
|
($14.5m)
-1411.03%
|
($17.4m)
-20.03%
|
($19.2m)
-10.29%
|
($61.6m)
-220.70%
|
($117.9m)
-91.28%
|
|
| Cash and cash equivalents, beginning of period | $9.1m | $5.7m | $10.0m | $50.6m | $14.5m | $17.3m | $43.3m | $46.9m | — | |
| Additional Supplementary Disclosures | ||||||||||
| Additional Supplementary Disclosures | ||||||||||
| Equity-based compensation expense | $824k | $2.3m | $24.7m | $45.7m | $58.5m | $53.3m | $34.1m | $30.3m | — | |
| Non-cash lease expense | — | $0 | $0 | $594k | $753k | $695k | $803k | $938k | — | |
| Write-off of intangible assets | — | — | — | — | — | $0 | $0 | $13.4m | — | |
| Credit losses | $533k | $354k | $526k | $143k | $136k | $5k | $497k | ($173k) | — | |
| Acquisition of intangible assets | ($10k) | ($148k) | $0 | $0 | $0 | $0 | ($400k) | $0 | — | |
| Shares withheld for taxes on vesting of restricted stock units | — | $0 | ($4.2m) | ($3.4m) | ($4.0m) | ($3.7m) | ($6.3m) | ($4.2m) | — | |
| Contributions from QLH’s members | — | — | $0 | $0 | $1.4m | $1.5m | $854k | $869k | — | |
| Distributions to non-controlling interests | ($15.9m) | ($95.6m) | ($131.4m) | ($338k) | ($2.1m) | ($2.9m) | ($1.2m) | ($1.2m) | — | |
| Net increase in cash and cash equivalents | ($3.4m) | $4.4m | $13.5m | $27.0m | ($36.0m) | $2.7m | $26.0m | $3.6m | — | |
| Interest | $1.2m | $6.4m | $6.0m | $5.6m | $7.1m | $13.8m | $13.9m | $10.8m | $12.3m | |
| Income taxes paid, net of refunds | — | $0 | $0 | $307k | ($2.4m) | ($257k) | $228k | $1.0m | — | |
| Changes of tax indemnification receivable | — | — | — | — | — | $644k | ($52k) | ($216k) | — | |
| Right-of-use assets obtained in exchange of lease obligations | — | — | $0 | $4.1m | $0 | $133k | $465k | $322k | — | |
| Vesting of performance-based restricted stock units | — | — | — | — | — | $0 | $0 | $1.6m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.