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MediaAlpha (MAX) free cash flow by quarter

MediaAlpha's free cash flow was $21.5M in Q3 2026 (third quarter 2026), -49% from Q2 2026. Over the last 5 quarters it ranged from $21.5M (Q3 2026) to $41.8M (Q2 2026).

MediaAlpha free cash flow by quarterMediaAlpha free cash flow by quarter$23.6MQ1 2025$25.5MQ2 2025$23.6MQ3 2025$41.8MQ2 2026$21.5MQ3 2026
QuarterFree cash flowQ/QY/Y
Q3 2026$21.5M-49%-9%
Q2 2026$41.8M+78%+64%
Q3 2025$23.6M-8%—
Q2 2025$25.5M+8%—
Q1 2025$23.6M——

Q3 2026 at a glance

MediaAlpha, Q3 2026: revenue $376M (+23% year over year), operating margin 7.7%, net earnings $25.8M, operating cash flow $21.6M. The chart follows the revenue to costs, profit and cash.

Questions

What is MediaAlpha's free cash flow?

MediaAlpha's free cash flow was $21.5M in Q3 2026 (third quarter 2026), -49% from Q2 2026.

How has MediaAlpha's free cash flow changed?

Over the last 5 quarters it ranged from $21.5M (Q3 2026) to $41.8M (Q2 2026).

Q3 2026 results → · How MediaAlpha makes money →