MAXMediaAlpha, Inc.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (A) and big price swings.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -92% · now 25% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can MAX take a bad year?
MediaAlpha, Inc. carries $153M of net debt at 1.79× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.79×
Net debt / EBITDA · 4.50× a year ago · the load is coming down
- Interest cover
- 7.94×
Interest cover · operating profit covers the interest bill several times over
- Annualised volatility
- 59%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ2 2026
- $177M
- Cash and short-term investments
- $24M
- Net debt
- $153M
- EBITDA, trailing twelve months
- $86M
- Operating profit, trailing twelve months
- $84M
- Debt / equity
- 6.22×
- Total debt / EBITDA
- 2.07×
- Annualised volatilitytwo years of daily moves
- 59%
- Worst drawdown on file
- −92%
- Below its 52-week high
- 25%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Internet Content & Information
Ranks #13 of 31 by RyuScore