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MediaAlpha, Inc. (MAX) Debt / Equity

MediaAlpha, Inc. Debt/Equity Ratio

The debt/equity ratio shows how much a company has borrowed for every dollar its shareholders have put in. It is long-term debt, both the part due within a year and the rest, divided by shareholder equity, shown as a multiple with both amounts in the table. A higher ratio means the company relies more on borrowed money than on shareholder capital. Because equity shrinks through buybacks or losses, the ratio can rise even when debt is unchanged, and it has no meaning when equity is negative. Quarterly points use quarter-end balances; annual points use fiscal-year-end balances.

  • MediaAlpha, Inc. debt/equity ratio for the quarter ending 2026-06-30 was -35.71, a change of -32.94 year-over-year.
  • MediaAlpha, Inc. debt/equity ratio for the quarter ending 2026-03-31 was -5.62, a change of -1.73 year-over-year.
  • MediaAlpha, Inc. debt/equity ratio for the quarter ending 2025-12-31 was -5.25, a change of -1.74 year-over-year.
  • MediaAlpha, Inc. debt/equity ratio for the quarter ending 2025-09-30 was -2.37, a change of 0.39 year-over-year.
  • MediaAlpha, Inc. debt/equity ratio for fiscal 2025 was -5.25, a change of -1.74 from fiscal 2024.
  • MediaAlpha, Inc. debt/equity ratio for fiscal 2024 was -3.51, a change of -1.67 from fiscal 2023.
  • MediaAlpha, Inc. debt/equity ratio for fiscal 2023 was -1.85, a change of 0.28 from fiscal 2022.
  • MediaAlpha, Inc. debt/equity ratio for fiscal 2022 was -2.13, a change of 0.91 from fiscal 2021.
Available history
2019-12-31 to 2026-06-30
Data captured

Historical Debt/Equity Ratio

DateDebt/Equity RatioLong-term debtShareholder equity
2026-06-30-35.71$176.71M-$4.95M
2026-03-31-5.62$163.5M-$29.09M
2025-12-31-5.25$153.41M-$29.19M
2025-09-30-2.37$155.69M-$65.78M
2025-06-30-2.77$158.02M-$56.96M
2025-03-31-3.89$160.23M-$41.18M
2024-12-31-3.51$162.45M-$46.23M
2024-09-30-2.76$164.65M-$59.62M
2024-06-30-2.14$166.85M-$77.97M
2024-03-31-1.92$172.1M-$89.4M
2023-12-31-1.85$174.3M-$94.43M
2023-09-30-1.77$176.49M-$99.68M
2023-06-30-1.89$178.69M-$94.39M
2023-03-31-2.04$180.88M-$88.71M
2022-12-31-2.13$183.07M-$86.08M
2022-09-30-2.78$190.25M-$68.4M
2022-06-30-3.49$207.44M-$59.47M
2022-03-31-3.2$184.62M-$57.65M
2021-12-31-3.03$186.8M-$61.57M
2021-09-30-2.56$186.6M-$72.96M
2021-06-30-2.31$183.34M-$79.26M
2020-12-31-1.74$182.67M-$105.12M
2019-12-31-0.86$97.54M-$113.6M

Annual Debt/Equity Ratio

DateDebt/Equity RatioLong-term debtShareholder equity
2025-12-31-5.25$153.41M-$29.19M
2024-12-31-3.51$162.45M-$46.23M
2023-12-31-1.85$174.3M-$94.43M
2022-12-31-2.13$183.07M-$86.08M
2021-12-31-3.03$186.8M-$61.57M
2020-12-31-1.74$182.67M-$105.12M
2019-12-31-0.86$97.54M-$113.6M