OakChart

MediaAlpha Inc

MAXCommunication Services·Internet Content & Information·USA·Small·NYSE·Nov 11 • 11:28 AM ET

14.24-0.13 (-0.93%)
2026-11-11 17:29 CET
Market cap
731.49 USD m
Revenue, TTM
1,293.98 USD m
Net income, TTM
108.06 USD m
Free cash flow, TTM
54.20 USD m
EPS diluted, TTM
1.75
P/E
8.13
Compare

Price

MAX against its 20, 50 and 200-day averages
2050200beat
8.0010.0012.0014.0016.001.5M3.0MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26MAXclose 14.2420-day 13.1450-day 11.57200-day 10.7714.2452w high

11.0% under the 52-week high of 15.99 on 4 Nov 2026. 52-week low 7.09 on 17 Feb 2026. Last 15 sessions, 39.4% high to low

Profile

MAX
52-week range, 80% of the way up
7.0915.99

MediaAlpha, Inc. is a marketing technology company, which engages in helping insurance carriers and distributors target and acquire customers through technology and data science. The company was founded by Steven M. Yi, Eugene Nonko, and Ambrose Wang in June 2011 and is headquartered in Los Angeles, CA.

IndexRUT
Employees147
IPOOct 28, 2020
Beta1.11
ATR, 14d0.77
Rel volume0.26
Short float12.42%
Insider own47.16%
Inst own65.10%

Snapshot

6 groups

Valuation

IndexRUT
Market Cap842.66M
Enterprise Value967.33M
Income108.06M
Sales1.29B
Book/sh0.97
Cash/sh0.32
Dividend Est.-
Dividend TTM-
Dividend Ex-Date-
Dividend Gr. 3/5Y- -
Payout0.00%
Employees147
IPOOct 28, 2020

Ratios

P/E8.13
Forward P/E11.64
PEG0.22
P/S0.65
P/B14.61
P/C45.11
P/FCF15.55
EV/EBITDA9.87
EV/Sales0.75
Quick Ratio1.32
Current Ratio1.32
Debt/Eq3.41
LT Debt/Eq3.27
Option/ShortYes / Yes

Earnings

EPS (ttm)1.75
EPS next Y1.22
EPS next Q0.31
EPS this Y298.92%
EPS next Y-21.40%
EPS next 5Y53.84%
EPS past 3/5Y- -
Sales past 3/5Y34.36% 13.75%
EPS Y/Y TTM9263.89%
Sales Y/Y TTM15.22%
EPS Q/Q55.68%
Sales Q/Q22.65%
EarningsOct 28 AMC
EPS/Sales Surpr.63.18% 8.05%

Ownership

Insider Own47.16%
Insider Trans-21.76%
Inst Own65.10%
Inst Trans-0.75%
ROA33.85%
ROE1001.90%
ROIC49.33%
Gross Margin14.69%
Oper. Margin7.40%
Profit Margin8.35%
SMA208.36%
SMA5023.00%
SMA20032.19%
Trades-

Technical

Shs Outstand52.66M
Shs Float26.90M
Short Float12.42%
Short Ratio3.65
Short Interest3.34M
52W High15.99 -10.97%
52W Low7.09 100.79%
Volatility5.91% 5.75%
ATR (14)0.77
RSI (14)64.56
Beta1.11
Rel Volume0.26
Avg Volume915.13K
Volume79,359

Performance

Perf Week-5.41%
Perf Month35.97%
Perf Quarter7.28%
Perf Half Y68.08%
Perf YTD9.93%
Perf Year7.12%
Perf 3Y54.91%
Perf 5Y-10.63%
Perf 10Y-
Recom1.67
Target Price16.00
Prev Close14.37
Price14.24
Change %-0.93%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Aug 24, 2026ResumedJJP MorganNeutral$15+5.4%
Oct 15, 2025DowngradeGGoldmanBuy → Neutral$12-15.7%
Aug 20, 2024InitiatedGGoldmanBuy$20+40.5%
Jun 26, 2024DowngradeTTD CowenBuy → Hold$19 → $13-8.7%
Feb 26, 2024UpgradeBBMO Capital MarketsMarket Perform → Outperform$9 → $28+96.7%
Jan 10, 2024InitiatedTTD CowenOutperform$15+5.4%
Aug 04, 2023DowngradeCCitigroupNeutral → Sell$7 → $8-43.8%
Jan 20, 2023InitiatedBBMO Capital MarketsMarket Perform$10-29.8%
Dec 20, 2022UpgradeJJP MorganNeutral → Overweight$12 → $14-1.7%
Feb 23, 2022DowngradeCCitigroupBuy → Neutral$24 → $14-1.7%

Peers

Mkt cap
TickerCompanyMkt cap
EVEREverQuote Inc1.00B
NRDSNerdwallet Inc465.87M
QNSTQuinStreet Inc1.08B
TREELendingTree Inc508.89M
CARGCarGurus Inc3.09B
CRTOCriteo S.A947.71M
SLQTSelectQuote Inc99.34M
EHTHeHealth Inc14.89M
ROOTRoot Inc667.24M
ZETAZeta Global Holdings Corp9.50B

Insider trading

latest 14 of 100
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
WHITE MOUNTAINS INSURANCE GROU10% OwnerNov 04 '26Sale13.905,500,39176,455,43512,356,223Nov 05 09:04 PM
Yi StevenSee RemarksNov 04 '26Sale15.50151,1292,342,4841,893,707Nov 04 08:36 PM
Yi StevenSee RemarksNov 02 '26Sale14.78138,8062,051,7052,174,901Nov 04 08:36 PM
Yi StevenSee RemarksNov 03 '26Sale15.05130,0651,958,1032,044,836Nov 04 08:36 PM
Nonko EugeneDirectorNov 03 '26Sale15.04160,1852,409,903551,707Nov 04 08:36 PM
Nonko EugeneDirectorNov 02 '26Sale14.79109,4011,617,942675,125Nov 04 08:36 PM
Nonko EugeneDirectorNov 04 '26Sale15.3693,2791,433,195458,428Nov 04 08:36 PM
Nonko EugeneDirectorNov 02 '26Sale14.7278,0091,147,965711,892Nov 04 08:36 PM
Nonko EugeneDirectorNov 03 '26Sale14.9315,022224,283660,103Nov 04 08:36 PM
Nonko EugeneDirectorNov 04 '26Sale15.255,66786,436654,436Nov 04 08:36 PM
WM Hinson (Bermuda) Ltd.10% OwnerNov 04 '26Proposed Sale15.155,500,39183,330,924Nov 04 05:30 PM
Yeh Kuanling AmyChief Technology OfficerNov 02 '26Sale14.9125,000372,708493,091Nov 03 07:16 PM
Yeh Kuanling AmyChief Technology OfficerOct 30 '26Sale14.4725,000361,810518,091Nov 03 07:16 PM
Yi StevenOfficerNov 02 '26Proposed Sale14.78398,0335,883,366Nov 02 05:34 PM

Held by

AUM
TickerCompanyAUM
IWMiShares Russell 2000 Index FundAUM: 77.38B
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
DFASU.S. Small Cap Portfolio-ETF Class Shares-
IWOiShares Russell 2000 Growth ETFAUM: 14.06B
VXFVanguard Extended Market Index ETFAUM: 30.47B
SCHASchwab U.S. Small-Cap ETFAUM: 22.25B
SFLOVictoryShares Small Cap Free Cash Flow ETFAUM: 889.00M
DFMCU.S. Micro Cap Portfolio ETF Class Shares-
FDMFirst Trust Dow Jones Select Microcap Index FundAUM: 267.52M
VTWOVanguard Russell 2000 Index ETFAUM: 16.75B

News

latest 14 of 206
  • Home Insurers Are Back on Offense, MediaAlpha's Inaugural State of Home Insurance Report Finds (GlobeNewswire)
  • MediaAlpha Blows Past Its Own Guide As Growth Reaccelerates, But A TRA Gain Flatters EPS And Q4 Contribution Slows (Earnings Whispers) +20.56%
  • MediaAlpha Announces Third Quarter 2026 Financial Results (GlobeNewswire)
  • MediaAlpha's Q3 Test: Can Carrier Broadening And Margin Recovery Offset Slowing Growth? (Earnings Whispers)
  • MediaAlpha To Report Third Quarter 2026 Financial Results on October 28, 2026 (GlobeNewswire)
  • Loading…
  • MediaAlpha Announces Chief Financial Officer Transition (GlobeNewswire)
  • MediaAlpha Inc (MAX) (Q2 2026) Earnings Call Highlights: Record Revenue Surges 26% as Carrier ... (GuruFocus.com)
  • MediaAlpha Announces Second Quarter 2026 Financial Results (GlobeNewswire)
  • Earnings To Watch: MediaAlpha Inc (MAX) Q2 2026 -- GF Value Sees 53% Upside (GuruFocus.com)
  • MediaAlpha To Report Second Quarter 2026 Financial Results on July 29, 2026 (GlobeNewswire)
  • MediaAlpha to Present at the William Blair 46th Annual Growth Stock Conference on Tuesday, June 2, 2026 (GlobeNewswire)
  • MediaAlpha Appoints Lauren StClair to Board of Directors (GlobeNewswire)
  • MediaAlpha Inc (MAX) Q1 2026 Earnings Call Highlights: Record Results and Strategic Shifts (GuruFocus.com) -14.90%

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-280.4600.2820.460375.95347.939
2026Q22026-07-290.6500.2290.635316.88300.879
2026Q12026-04-290.2100.2560.205310298.918
2025Q42026-02-230.5000.2390.501291.16295.028
2025Q32025-10-290.2600.1190.263306.51284.098
2025Q22025-08-06-0.3300.173-0.334251.62250.687
2025Q12025-04-30-0.0400.144-0.035264.31245.768
2024Q42025-02-240.0800.2300.084300.65290.898
2024Q32024-10-300.1700.1270.173259.13247.137
2024Q22024-07-310.0700.0070.068178.27151.47
2024Q12024-05-01-0.020-0.096-0.023126.65111.177
2023Q42024-02-20-0.050-0.181-0.050117.17113.167
2023Q32023-11-01-0.290-0.290-0.29274.5770.056
2023Q22023-08-02-0.320-0.292-0.31684.7778.857
2023Q12023-05-04-0.230-0.194-0.234111.63111.388
2022Q42023-02-23-0.630-0.175-0.627124.01115.58

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2020FY-0.0040.445-0.131584.84558.75
2021FY-0.140-0.084-0.186645.27635.52
2022FY-1.370-0.870-1.375459.07450.42
2023FY-0.890-0.979-0.887388.15384.06
2024FY0.3100.4610.314864.7856.18
2025FY0.3900.1410.3901,1141,122
2026FY-1.556--1,366
2027FY-1.223--1,517
2028FY-1.420--1,618
2029FY-1.700--1,769
2030FY-1.910--1,871

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-10-29970360.32333.9372.41
2026Q4S2026-10-28801330.68311.83347.43
2026Q4S2026-10-21801330.68311.83347.43
2026Q4S2026-10-20801330.68311.83347.43
2026Q4S2026-10-17801330.68311.83347.43
2026Q4S2026-10-13811330.68311.83347.43
2026Q4S2026-09-28843330.68311.83347.43
2026Q4S2026-09-21843330.68311.83347.43
2026Q4S2026-09-02843330.7311.83347.59
2026Q4S2026-08-21844330.7311.83347.59
2026Q4S2026-08-10743330.98311.83347.59
2026Q4S2026-08-08743330.98311.8347.59
2026Q4S2026-08-03843331.23311.8347.59
2026Q4S2026-07-30833324.87284.2347.59

Estimate history

EPS, annual0.5460.537-0.131-0.186-1.375-0.8870.3140.3861.752
Period20182019202020212022202320242025TTM
EPS, quarterly0.1730.084-0.035-0.3340.2630.5010.2050.6350.41
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual296.91408.005584.814645.274459.072388.149864.7041113.61293.98
Period20182019202020212022202320242025TTM
Sales, quarterly259.133300.648264.309251.622306.514291.155310.004316.875375.946
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual33.16933.16933.44143.747.455.556.20752.661
Period20182019202020212022202320242025MRQ
Shares, quarterly55.0955.555.89656.3756.86956.20754.58352.98652.661
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue1,293.981,113.60864.70388.15459.07645.27584.81408.00296.91
Cost of Goods Sold Incl. D&A1,103.93949.04727.56328.35394.77546.73499.43342.91247.67
Gross Profit190.04164.56137.1459.8064.3098.5485.3865.1049.24
Selling, General and Administrative Excl. Other94.3486.3582.1599.08106.0696.3965.8440.2629.92
Research and Development23.0421.4019.7618.4621.0815.2012.457.0410.34
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income95.7078.2254.99-39.28-41.762.1519.5424.8419.32
Interest Expense10.5911.2414.3515.319.247.837.947.021.19
Unusual Expense2.2256.1012.262.05-81.610.000.000.000.00
Net Income Before Taxes8.65-111.0623.50-57.0230.46-9.529.2917.8218.12
Income Taxes-110.53-137.821.38-0.46102.91-1.05-1.270.000.00
Consolidated Net Income119.1726.7622.12-56.55-72.45-8.47-8.6017.8218.12
Net Income From Continuing Operations108.0625.6216.63-40.42-57.67-5.28-4.3717.8218.12
Net Income108.0625.6216.63-40.42-57.67-5.28-4.3717.8218.12
EPS (Recurring)1.770.970.48-0.86-2.74-0.19-0.130.540.55
EPS (Basic, Before Extraordinaries)1.980.460.31-0.89-1.37-0.14-0.130.540.55
EPS (Diluted)1.750.390.31-0.89-1.37-0.19-0.130.540.55
EBITDA97.9781.4761.67-32.01-34.866.1023.0230.4931.27
Non-Operating Income (Expense)-74.25-121.94-4.87-0.37-0.14-3.84-2.300.000.00
Other After Tax Adjustments0.000.000.000.000.000.00-19.170.000.00
Stock Option Compensation Expense24.8023.9626.9353.3258.4739.3822.453.590.82
Price To Earnings Ratio8.208.2067.52------
Price To Sales Ratio0.460.780.691.310.911.472.23--
Gross Margin14.6914.7815.8615.4114.0115.2714.6015.9516.58
Operating Margin7.407.026.36-10.12-9.100.333.346.096.51
Net Margin8.352.301.92-10.41-12.56-0.82-0.754.376.10
Shares Outstanding52.6656.2155.5047.4043.7041.0033.4033.1733.17
Market Capitalization731.49731.49621.97523.72428.94605.151,295.921,307.53-

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue375.95316.88310.00291.15306.51251.62264.31300.65
Cost of Goods Sold Incl. D&A321.12272.18263.78246.86263.61214.44224.11253.27
Gross Profit54.8344.7046.2244.3042.9137.1940.2047.38
Selling, General and Administrative Excl. Other25.3324.5722.5021.9422.6821.9719.7820.19
Research and Development6.216.045.465.335.835.354.895.02
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income29.5020.1323.7222.3620.2315.2220.4127.19
Interest Expense2.762.772.442.612.812.872.963.19
Unusual Expense0.660.171.350.040.4935.2620.308.94
Net Income Before Taxes37.1755.0920.55-104.1617.70-22.22-2.388.22
Income Taxes7.8113.316.50-138.140.050.32-0.050.92
Consolidated Net Income29.3641.7814.0533.9817.64-22.53-2.337.30
Net Income From Continuing Operations25.7539.4411.4731.4114.91-18.74-1.954.64
Net Income25.7539.4411.4731.4114.91-18.74-1.954.64
EPS (Recurring)0.420.640.220.500.270.110.220.20
EPS (Basic, Before Extraordinaries)0.490.730.210.560.26-0.33-0.040.08
EPS (Diluted)0.410.640.210.500.26-0.33-0.040.08
EBITDA30.0720.6824.2722.9420.8015.7921.9228.85
Non-Operating Income (Expense)11.0937.900.61-123.860.770.690.46-6.84
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense6.426.695.735.956.056.415.556.03
Price To Earnings Ratio8.2019.7623.50--37.8430.6567.52
Price To Sales Ratio0.460.640.450.760.570.570.510.72
Gross Margin14.5814.1114.9115.2114.0014.7815.2115.76
Operating Margin7.856.357.657.686.606.057.729.04
Net Margin6.8512.453.7010.794.86-7.45-0.741.54
Shares Outstanding52.6652.9954.5856.2156.8756.3755.9055.50
Market Capitalization731.49679.56522.73736.45641.49612.06512.41621.97

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Cash & Short Term Investments46.8843.2717.2714.5450.5623.5510.035.66
Short Term Receivables123.02142.9353.7760.0076.0996.3056.0137.15
Inventories0.000.000.000.000.000.000.000.00
Other Current Assets4.483.713.535.8810.457.951.451.29
Total Current Assets174.37189.9174.5780.42137.11127.8067.4944.10
Net Property, Plant & Equipment1.250.000.002.763.510.760.760.88
Total Investments and Advances0.000.000.001.400.000.000.000.00
Intangible Assets51.3367.7273.7580.6730.9733.9537.1542.39
Deferred Tax Assets149.73--0.00102.6631.61--
Other Assets7.154.815.604.8315.5616.210.000.00
Total Assets383.83262.45153.93170.08289.80210.34105.4087.37
Short Term Debt Incl. Current Port. of LT Debt22.779.8412.769.559.490.000.871.19
Accounts Payable91.09105.5656.2853.9961.7798.2540.4527.01
Other Current Liabilities33.7817.5510.6813.3512.959.216.585.25
Total Current Liabilities147.65132.9579.7276.8984.22107.4547.9133.46
Long Term Debt132.02153.60162.44176.73181.28182.6796.6713.06
Provision for Risks Charges0.000.000.000.000.000.000.000.00
Deferred Tax Liabilities0.00-------
Other Liabilities133.3622.136.182.5485.8725.330.320.37
Total Liabilities413.02308.68248.35256.17351.37315.45144.9046.89
Non-Equity Reserves0.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.00
Common Equity4.162.38-10.29-15.99-4.34-33.77-39.5040.48
Total Shareholders Equity4.162.38-10.29-15.99-4.34-33.77-39.5040.48
Accumulated Minority Interest-33.35-48.61-84.13-70.09-57.23-71.340.000.00
Total Equity-29.19-46.23-94.42-86.08-61.57-105.12-39.5040.48
Total Liabilities & Stockholders Equity383.83262.45153.93170.08289.80210.34105.4087.37
Book Value Per Share0.070.04-0.22-0.37-0.11-1.01-1.191.22
Tangible Book Value Per Share-0.84-1.18-1.77-2.21-0.86-2.03-2.31-0.06
Full-Time Employees147144137156149117--
Price to Book Ratio14.74-74.37-31.98355.48-145.96-38.64-132.49-
Return on Assets7.937.99-24.95-25.08-2.11-2.7718.49-
Return on Equity783.82-----3,633.03-
Return on Invested Capital18.8210.66-26.57-35.88-2.98-2.9331.1733.85
Quick Ratio1.181.430.941.051.631.191.411.32
Current Ratio1.181.430.941.051.631.191.411.32

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income119.1726.7622.12-56.55-72.45-8.4710.5617.8218.12
Depreciation2.243.256.687.276.903.953.495.6511.96
Other Funds (Non Cash)108.16169.2543.1456.23-22.8047.9528.363.331.37
Funds from Operations117.6060.3771.946.9414.3044.3442.4226.8031.45
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-62.415.22-26.0713.2913.97-15.728.99-4.66-8.80
Cash from Operating Activities55.1965.6045.8720.2328.2728.6251.4122.1422.65
Capital Expenditures-0.98-0.34-0.65-0.07-0.10-0.65-0.30-0.29-0.64
Net Assets From Acquisitions0.000.000.000.00-49.680.000.000.000.00
Sale of Fixed Assets and Businesses0.000.000.000.000.000.000.000.000.00
Purchase or Sale of Investments0.000.000.000.000.000.00-10.000.000.00
Purchase of Investments0.000.000.000.000.000.00-10.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.000.000.000.00
Other Uses0.000.000.000.000.000.000.000.000.00
Other Sources0.000.000.000.000.000.000.000.000.00
Cash from Investing Activities-0.98-0.34-0.65-0.07-49.77-0.65-10.30-0.29-0.64
Cash Dividends Paid0.000.000.000.000.000.000.000.000.00
Change in Capital Stock-64.47-47.270.000.00-5.010.0038.41-67.270.00
Repurchase of Common Pref Stock-64.47-47.270.000.00-5.010.00-85.77-67.270.00
Sale of Common Pref Stock0.000.000.000.000.000.00124.180.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00124.180.000.00
Issuance or Reduction of Debt, Net17.82-9.50-12.55-9.50-4.502.7681.8982.62-9.57
Change in Long Term Debt17.82-9.50-12.55-9.50-9.502.7681.8982.62-9.57
Issuance of Long Term Debt177.900.000.000.000.00189.13213.0397.703.00
Reduction of Long Term Debt-160.08-9.50-12.55-9.50-9.50-186.38-131.15-15.07-12.57
Net Financing Active Other Cash Flow-61.22-4.59-6.68-7.93-5.01-3.72-147.88-32.83-15.88
Other Financing Activities Uses-62.41-5.46-7.53-9.39-6.37-3.72-147.88-95.64-15.88
Cash from Financing Activities-107.87-61.65-19.22-17.43-14.52-0.96-27.59-17.48-25.45
Net Change in Cash-53.663.6126.002.73-36.0227.0113.534.37-3.44
Free Cash Flow54.2065.2645.6220.1628.1827.9751.1122.0022.02
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow11.0913.2513.1325.2114.8133.8125.53--
Deferred Taxes & Investment Tax Credit--138.890.000.00102.660.920.000.000.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments18.6823.7526.0546.8872.3485.38
Short Term Receivables166.94141.57133.80123.02129.17102.78
Inventories0.000.000.000.000.000.00
Other Current Assets7.096.035.364.484.234.32
Total Current Assets192.71171.34165.21174.37205.74192.47
Net Property, Plant & Equipment0.000.000.001.250.000.00
Total Investments and Advances0.000.000.000.000.000.00
Intangible Assets49.9050.3750.8551.3351.8452.35
Deferred Tax Assets122.82130.52143.70149.73--
Other Assets6.807.587.967.158.654.59
Total Assets372.23359.82367.71383.83266.23249.42
Short Term Debt Incl. Current Port. of LT Debt7.177.177.1722.7722.008.87
Accounts Payable121.72113.4091.4091.09102.6875.84
Other Current Liabilities16.8112.5114.6033.7865.0063.98
Total Current Liabilities145.70133.08113.17147.65189.68148.69
Long Term Debt167.75169.54156.34132.02133.69149.15
Provision for Risks Charges0.000.000.000.000.000.00
Deferred Tax Liabilities---0.00--
Other Liabilities39.0262.14127.30133.368.648.53
Total Liabilities352.47364.76396.81413.02332.01306.38
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity51.3328.411.924.16-29.75-3.77
Total Shareholders Equity51.3328.411.924.16-29.75-3.77
Accumulated Minority Interest-31.57-33.36-31.01-33.35-36.02-53.18
Total Equity19.76-4.95-29.09-29.19-65.78-56.96
Total Liabilities & Stockholders Equity372.23359.82367.71383.83266.23249.42
Book Value Per Share0.970.540.040.07-0.52-0.07
Tangible Book Value Per Share0.03-0.41-0.90-0.84-1.43-1.00
Full-Time Employees---147--
Price to Book Ratio14.74357.92125.66-24.75-169.9877.29
Return on Assets33.8531.9112.857.93-0.46-2.93
Return on Equity1,001.90789.17793.78783.82--
Return on Invested Capital11.7619.927.2523.0614.34-12.89
Quick Ratio1.321.291.461.181.081.29
Current Ratio1.321.291.461.181.081.29

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income29.3641.7814.0533.9817.64-22.53
Depreciation0.550.550.550.580.580.58
Other Funds (Non Cash)-2.13-28.787.14131.938.078.50
Funds from Operations35.4826.7427.7727.6026.30-13.45
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-13.8815.85-29.32-35.05-2.6739.17
Cash from Operating Activities21.6042.59-1.56-7.4523.6225.72
Capital Expenditures-0.13-0.77-0.04-0.04-0.07-0.17
Net Assets From Acquisitions0.000.000.000.000.000.00
Sale of Fixed Assets and Businesses0.000.000.000.000.000.00
Purchase or Sale of Investments0.000.000.000.000.000.00
Purchase of Investments0.000.000.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.00
Other Uses0.000.000.000.000.000.00
Other Sources0.000.000.000.000.000.00
Cash from Investing Activities-0.13-0.77-0.04-0.04-0.07-0.17
Cash Dividends Paid0.000.000.000.000.000.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-9.23-20.60-20.27-14.38-32.890.00
Repurchase of Common Pref Stock-9.23-20.60-20.27-14.38-32.890.00
Sale of Common Pref Stock0.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-1.8813.128.95-2.38-2.38-2.38
Change in Long Term Debt-1.8813.128.95-2.38-2.38-2.38
Issuance of Long Term Debt0.0015.00162.900.000.000.00
Reduction of Long Term Debt-1.88-1.88-153.95-2.38-2.38-2.38
Net Financing Active Other Cash Flow-15.44-36.64-7.91-1.23-1.04-1.35
Other Financing Activities Uses-15.45-37.12-8.18-1.66-1.08-1.74
Cash from Financing Activities-26.54-44.12-19.23-17.98-36.59-3.73
Net Change in Cash-5.07-2.31-20.82-25.46-13.0421.82
Free Cash Flow21.4841.81-1.60-7.4923.5525.55
Price to Free Cash Flow11.0913.8612.9813.057.398.58

Revenue breakdown

Health Insurance2024: 173.53M 2025: 85.70M
Life Insurance2024: 24.37M 2025: 21.70M
Other2024: 8.60M 2025: 3.17M
Property And Casualty Insurance2024: 658.20M 2025: 1.00B
United States2024: 864.70M 2025: 1.11B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-3012.42%3.3M26.9M859.99K
2026-10-1511.50%3.2M28.0M874.36K
2026-09-3010.13%2.8M27.9M848.58K
2026-09-1510.81%3.0M28.2M835.91K
2026-08-3111.22%3.2M28.1M829.64K
2026-08-1410.24%2.9M28.0M821.49K
2026-07-3110.04%2.8M28.4M802.75K
2026-07-159.47%2.7M28.7M709.59K
2026-06-3010.42%3.0M28.3M613.92K
2026-06-1512.65%3.6M28.2M578.82K
2026-05-2911.56%3.3M28.6M621.61K
2026-05-1511.42%3.3M28.6M774.58K
2026-04-3010.69%3.1M29.1M866.88K
2026-04-1510.77%3.2M29.4M847.97K
2026-03-3110.34%3.2M31.3M849.39K
2026-03-1310.44%3.3M31.3M800.12K
2026-02-2711.59%3.6M31.3M729.72K
2026-02-1310.21%3.2M31.3M578.61K
2026-01-305.64%1.8M31.6M512.25K
2026-01-155.18%1.6M31.5M493.00K

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call2.5010.3012.406.9010.9522.000.000.991-0.0170.001
call5.007.809.800.006.1790.000.000.976-0.0280.001
call7.505.407.303.504.1021.000.000.963-0.0270.002
call10.004.104.404.301.7413540.000.940-0.0240.003
call12.500.302.403.001.5808160.000.718-0.0860.008
call15.000.000.950.921.4081,0600.000.483-0.0890.009
call17.500.000.300.941.3484.000.000.197-0.0470.006
call20.000.000.750.241.8543.000.000.156-0.0550.005
call22.500.000.750.002.2580.000.000.135-0.0610.005
call25.000.000.750.752.61032.000.000.122-0.0660.005
put2.500.000.050.005.5100.000.00-0.008-0.0150.001
put5.000.002.150.303.9781.000.00-0.024-0.0270.001
put7.500.001.000.212.58012.000.00-0.037-0.0260.002
put10.000.000.100.101.5834840.00-0.059-0.0230.003
put12.500.000.950.202.0182080.00-0.284-0.0840.008
put15.000.253.101.402.9842190.00-0.517-0.0870.009
put17.502.454.800.002.9490.000.00-0.804-0.0450.006
put20.005.007.200.003.4610.000.00-0.844-0.0530.005
put22.507.709.700.003.9620.000.00-0.865-0.0590.005
put25.0010.1012.200.004.3820.000.00-0.878-0.0630.005

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-05SCHEDULE 13D/ASEC
2026-11-054Statement of changes in beneficial ownership of securities2026-11-04SEC
2026-11-044Statement of changes in beneficial ownership of securities2026-11-02SEC
2026-11-044Statement of changes in beneficial ownership of securities2026-11-02SEC
2026-11-04144Filing for proposed sale of securities under Rule 144.SEC
2026-11-034Statement of changes in beneficial ownership of securities2026-10-30SEC
2026-11-02144Filing for proposed sale of securities under Rule 144.SEC
2026-11-02144Filing for proposed sale of securities under Rule 144.SEC
2026-10-30144Filing for proposed sale of securities under Rule 144.SEC
2026-10-30144Filing for proposed sale of securities under Rule 144.SEC
2026-10-30SCHEDULE 13D/ASEC
2026-10-284Statement of changes in beneficial ownership of securities2026-10-26SEC
2026-10-2810-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-10-288-KCurrent report2026-10-28SEC
2026-10-26144Filing for proposed sale of securities under Rule 144.SEC
2026-10-214Statement of changes in beneficial ownership of securities2026-10-19SEC
2026-10-214Statement of changes in beneficial ownership of securities2026-10-19SEC
2026-10-19144Filing for proposed sale of securities under Rule 144.SEC
2026-10-19144Filing for proposed sale of securities under Rule 144.SEC
2026-10-194Statement of changes in beneficial ownership of securities2026-10-16SEC
2026-10-16144Filing for proposed sale of securities under Rule 144.SEC
2026-10-144Statement of changes in beneficial ownership of securities2026-10-12SEC
2026-10-13144Filing for proposed sale of securities under Rule 144.SEC
2026-10-094Statement of changes in beneficial ownership of securities2026-10-08SEC
2026-10-08144Filing for proposed sale of securities under Rule 144.SEC
2026-10-024Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-023Initial statement of beneficial ownership of securities2026-10-01SEC
2026-09-254Statement of changes in beneficial ownership of securities2026-09-25SEC
2026-09-234Statement of changes in beneficial ownership of securities2026-09-21SEC
2026-09-164Statement of changes in beneficial ownership of securities2026-09-15SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110090.10M11
2026-10001.71M23
2026-09001.88M24
2026-08003.10M29
2026-07008.95M37
2026-06001.38M20
2026-0500350.27K6
2026-04003.82M25
2026-03002.58M29
2026-02001.27M21
2026-01002.91M39
2025-12004.28M49
2025-11001.45M18

Institutional holders

Manager% owned
WHITE MOUNTAINS INSURANCE GROUP LTD33.03%
BlackRock, Inc.6.27%
Clearline Capital LP5.02%
JPMORGAN CHASE & CO3.48%
ACADIAN ASSET MANAGEMENT LLC2.90%
VANGUARD CAPITAL MANAGEMENT LLC2.36%
Divisadero Street Capital Management, LP1.89%
JACOBS LEVY EQUITY MANAGEMENT, INC1.80%
JACOBS ASSET MANAGEMENT, LLC1.70%
Nuveen, LLC1.66%

Funds

Fund% owned
JPMorgan Small Cap Blend Fund2.59%
VANGUARD TOTAL STOCK MARKET INDEX FUND1.63%
iShares Russell 2000 ETF1.52%
BlackRock Advantage Small Cap Core Fund0.70%
VANGUARD EXTENDED MARKET INDEX FUND0.67%
Fidelity Small Cap Index Fund0.63%
Nuveen Quant Small/Mid Cap Equity Fund0.58%
Fidelity Small-Mid Multifactor ETF0.53%
iShares Russell 2000 Growth ETF0.52%
Pacer US Small Cap Cash Cows 100 ETF0.46%

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