Short answer
MediaAlpha, Inc. (MAX) filed its Q3 2025 10-Q quarterly report on Oct 29, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $307M (up 18.3% year over year) with net income of $15M.
Q3 2025 key financials · XBRL
- Revenue
- $307M
- +18.3% YoY · +21.8% QoQ
- Net income
- $15M
- +57.2% YoY · +179.5% QoQ
- Operating margin
- 6.4%
- EPS (diluted)
- $0.26
- +44.4% YoY · +178.8% QoQ
Source: XBRL data from the MediaAlpha, Inc. (MAX) Q3 2025 10-Q on SEC EDGAR. USD.
MediaAlpha, Inc. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Profitability, segment performance, cash flow and capital deployment figures not included
- Emerging headwinds: insurance carrier spending cycles, regulation, competition, partner concentration and cybersecurity risks
Risk Factors
- FTC Consent Order: $45.0M monetary relief, including $11.5M payable by January 14, 2026
- Health insurance compliance: Injunctive terms expected to reduce 2025 under-65 health Transaction Value and Contribution versus 2024
- Automobile tariff exposure: 2025 import tariffs could raise claim costs and carrier loss ratios, reducing Consumer Referral spending
- Insurance concentration: Insurance verticals represented 99.9% of third-quarter 2025 revenue
- Liquidity risk: $11.5M FTC payment due January 14, 2026
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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