MediaAlpha, Inc. (MAX) Spending and interest coverage
- R&D / revenue · 12 months: Value 1.85%; Formula and calculation Research and development expense / revenue. Period ending 2026-06-30..
- Stock-based compensation / revenue · 12 months: Value 2.53%; Formula and calculation Share-based compensation / revenue. Period ending 2026-06-30..
- Interest coverage · 12 months: Value (m); Formula and calculation Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified..
Spending and interest coverage
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| R&D / revenue · 12 months | 1.85% | Research and development expense / revenue. Period ending 2026-06-30. $22.66M ÷ $1.22B × 100 ≈ 1.85% |
| Stock-based compensation / revenue · 12 months | 2.53% | Share-based compensation / revenue. Period ending 2026-06-30. $30.93M ÷ $1.22B × 100 ≈ 2.53% |
| Interest coverage · 12 months | (m) | Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified. Calculation unavailable: missing inputs remain (m). |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Research and development spending | 22.66M USD | Research and Development Expense |
| Revenue | 1.22B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Stock-based compensation | 30.93M USD | Share-based Payment Arrangement, Noncash Expense |
| Operating income | 84.38M USD | Operating Income (Loss) |
| Interest expense · reported / estimated | (m) | Interest Expense · Estimated expense assumptions |
Latest interest expense basis: (m). Estimated values carry *; expand each history row’s basis for its dated balances and rate assumptions.
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Research and development spending (USD) | Revenue (USD) | Stock-based compensation (USD) | Operating income (USD) | Interest expense · reported / estimated (USD) | R&D / revenue | SBC / revenue | Interest coverage | Interest expense basis |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | $22.66M | $1.22B | $30.93M | $84.38M | (m) | 1.85% | 2.53% | (m) | (m) |
| 2026-03-31 | $21.96M | $1.16B | $30.57M | $44.38M | (m) | 1.89% | 2.64% | (m) | (m) |
| 2025-12-31 | $21.40M | $1.11B | $30.33M | $22.12M | (m) | 1.92% | 2.72% | (m) | (m) |
| 2025-09-30 | $21.09M | $1.12B | $30.43M | $18.06M | (m) | 1.88% | 2.71% | (m) | (m) |
| 2025-06-30 | $20.59M | $1.08B | $31.36M | $13.93M | (m) | 1.91% | 2.92% | (m) | (m) |
| 2025-03-31 | $20.29M | $1.00B | $32.47M | $40.47M | (m) | 2.02% | 3.24% | (m) | (m) |
| 2024-12-31 | $19.76M | $864.70M | $34.08M | $42.73M | (m) | 2.29% | 3.94% | (m) | (m) |
| 2024-09-30 | $18.68M | $681.23M | $35.83M | $24.92M | (m) | 2.74% | 5.26% | (m) | (m) |
| 2024-06-30 | $17.64M | $496.67M | $41.69M | $-5.44M | (m) | 3.55% | 8.39% | (m) | (m) |
| 2024-03-31 | $17.65M | $403.17M | $47.61M | $-28.00M | $15.58M | 4.38% | 11.81% | -1.80× | Reported |
| 2023-12-31 | $18.46M | $388.15M | $53.32M | $-39.92M | $15.31M | 4.76% | 13.74% | -2.61× | Reported |
| 2023-09-30 | $19.43M | $394.98M | $58.20M | $-46.91M | $14.73M | 4.92% | 14.73% | -3.18× | Reported |
| 2023-06-30 | $20.43M | $409.43M | $58.34M | $-42.73M | $13.38M | 4.99% | 14.25% | -3.19× | Reported |
| 2023-03-31 | $21.03M | $428.10M | $59.04M | $-37.07M | $11.46M | 4.91% | 13.79% | -3.23× | Reported |
| 2022-12-31 | $21.08M | $459.07M | $58.47M | $-35.39M | $9.24M | 4.59% | 12.74% | -3.83× | Reported |
| 2022-09-30 | $20.45M | $496.65M | $56.61M | $-30.49M | $7.43M | 4.12% | 11.40% | -4.10× | Reported |
| 2022-06-30 | $18.91M | $560.38M | $53.21M | $-19.98M | $6.61M | 3.37% | 9.49% | -3.02× | Reported |
| 2022-03-31 | $17.09M | $614.28M | $48.88M | $-7.67M | $6.89M | 2.78% | 7.96% | -1.11× | Reported |
| 2021-12-31 | $15.20M | $645.27M | $45.71M | $2.15M | $7.83M | 2.35% | 7.08% | 0.27× | Reported |
| 2021-09-30 | $17.87M | $673.89M | $56.30M | $-7.30M | $9.40M | 2.65% | 8.36% | -0.78× | Reported |
| 2021-06-30 | $15.88M | $672.69M | $45.71M | $1.18M | $9.23M | 2.36% | 6.80% | 0.13× | Reported |
| 2021-03-31 | $13.92M | $638.96M | $34.78M | $10.95M | $8.52M | 2.18% | 5.44% | 1.28× | Reported |
| 2020-12-31 | $12.45M | $584.81M | $24.75M | $19.54M | $7.94M | 2.13% | 4.23% | 2.46× | Reported |
| 2020-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2020-06-30 | (m) | $479.61M | (m) | $44.05M | (m) | (m) | (m) | (m) | (m) |
| 2020-03-31 | (m) | $445.10M | (m) | $39.71M | (m) | (m) | (m) | (m) | (m) |
| 2019-12-31 | $7.04M | $408.00M | $2.31M | $24.84M | $7.02M | 1.73% | 0.57% | 3.54× | Reported |
| 2019-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2019-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2019-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2018-12-31 | $10.34M | $296.91M | $824.00K | $19.32M | $1.19M | 3.48% | 0.28% | 16.18× | Reported |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.