{"schema_version":"secwatch.filing_event.v1","accession":"0001818383-26-000117","form_type":"8-K","ticker":"MAX","cik":"0001818383","company_name":"MediaAlpha, Inc.","filed_at":"2026-04-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.987373+00:00","generated_at":"2026-05-15T02:22:36.218979+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"MediaAlpha Q1 revenue up 17% to $310M; net income $14M vs loss; repurchased $25M stock","bullets":["Revenue $310M (+17% YoY); net income $14M vs loss of $2.3M in Q1 2025.","Adjusted EBITDA $31.4M (vs $29.4M); gross margin 15.1% vs 15.8%.","Refinanced credit facilities: $150M term loan and $60M revolver, both due 2031.","Repurchased $25M YTD (2.6M shares); $73M total over past three quarters (10% of shares).","Remaining $60M buyback authorization expected to be largely completed in 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001818383-26-000117","json":"https://secwatch.observer/filing/0001818383-26-000117.json","markdown":"https://secwatch.observer/filing/0001818383-26-000117.md","text":"https://secwatch.observer/filing/0001818383-26-000117.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1818383/000181838326000117/0001818383-26-000117-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1818383/000181838326000117/max-20260429.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T02:22:36.218979+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":"0e5b5fdd3f915ac08ec9a78a1627e44dbb94e88e","claim":"MediaAlpha, Inc. reported first quarter ended March 31, 2026 results: revenue $310.0 million, net income $14.0 million.","evidence_excerpt":"is contained in each document. --- EX-99.1 (EX-99.1) --- MEDIAALPHA ANNOUNCES FIRST QUARTER 2026 FINANCIAL RESULTS First Quarter Revenue Growth of 17%; Record Revenue of $310.0 million First Quarter Net Income of $14.0 million; Adjusted EBITDA (1) of $31.4 million Repurchased over $25 million of stock during 2026 Los Angeles, CA (April 29, 2026) – MediaAlpha,","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1818383/000181838326000117/0001818383-26-000117-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2026"},{"label":"Revenue","value":"$310.0 million"},{"label":"Net income","value":"$14.0 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"}