{"schema_version":"secwatch.filing_event.v1","accession":"0001818383-23-000109","form_type":"8-K","ticker":"MAX","cik":"0001818383","company_name":"MediaAlpha, Inc.","filed_at":"2023-08-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.413125+00:00","generated_at":"2026-06-12T14:36:24.806113+00:00","sec_items":["2.02","5.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"MediaAlpha Q2 revenue $84.8M (-18%), net loss $20.0M; execs adopt partial RSU comp","bullets":["Revenue $84.8M, down 18% YoY; Transaction Value $125.9M, down 31% YoY.","Net loss $20.0M vs $13.0M; Adjusted EBITDA $3.6M vs $4.5M.","P&C vertical Transaction Value fell 46% to $61M; Health up 10% to $51M.","Gross margin 16.2% (up 120bp); Contribution margin 19.5% (up 140bp).","CEO Yi and CFO Nonko salary restructured: cash ≥$70K/yr, balance paid in 3-month-vest RSUs."],"urls":{"canonical":"https://secwatch.observer/filing/0001818383-23-000109","json":"https://secwatch.observer/filing/0001818383-23-000109.json","markdown":"https://secwatch.observer/filing/0001818383-23-000109.md","text":"https://secwatch.observer/filing/0001818383-23-000109.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1818383/000181838323000109/0001818383-23-000109-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1818383/000181838323000109/max-20230729.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T14:36:24.806113+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"30a07cba8e94dc6772bdfa1c98c6d830e2458c2f","claim":"MediaAlpha, Inc. reported the second quarter ended June 30, 2023 results: revenue $84.8 million, net income $(20.0) million.","evidence_excerpt":"to the comparable GAAP financial measures is contained in each document. --- EX-99.1 (EX-99.1) --- MEDIAALPHA ANNOUNCES SECOND QUARTER 2023 FINANCIAL RESULTS • Revenue of $85 million, down 18% year over year • Transaction Value of $126 million, down 31% year over year • Transaction Value from Property & Casualty down 46% year over year to $61 million •","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1818383/000181838323000109/0001818383-23-000109-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter ended June 30, 2023"},{"label":"Revenue","value":"$84.8 million"},{"label":"Net income","value":"$(20.0) million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}