Every material Form 8-K MediaAlpha, Inc. has filed with the SEC since September 03, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
MediaAlpha reported third-quarter 2026 revenue of $375.9 million, up 22.7% year over year, and net income of $29.4 million, up 66.4%. The company also guided fourth-quarter 2026 revenue to $355 million to $375 million and reaffirmed its 2026 free cash flow outlook of $90 million to $100 million, which signals continued growth for shareholders.
Q3 2026 revenue of $375.9 million, up 22.7% year over year; gross margin 14.7% versus 14.2% a year earlier
Q3 2026 net income of $29.4 million, up 66.4%; Adjusted EBITDA of $39.5 million, up 35.8%
Q4 2026 revenue guidance of $355 million to $375 million; Adjusted EBITDA guidance of $36.0 million to $39.0 million
Share repurchases of $9 million in Q3 2026; $82 million of the $100 million authorization completed as of October 26, 2026
On September 9, 2026, MediaAlpha agreed to buy the Tax Receivables Agreement interest of three Parallaxes entities (PLX) for $12.0 million in cash, a $10.7 million (47%) discount to the estimated value as of June 30, 2026. The company estimates its total remaining TRA liability will fall to about $32 million as of September 30, 2026, from $54.7 million as of June 30, 2026, and the deal does not trigger a change of control or early termination.
Cash price of $12.0 million is a $10.7 million, or 47%, discount to the estimated value as of June 30, 2026.
PLX's share of the estimated TRA liability was $22.7 million of the $54.7 million total as of June 30, 2026.
Estimated total remaining TRA liability is about $32 million as of September 30, 2026.
Payment was funded from subsidiary cash; QLH made a pro rata distribution to members, including certain directors and executive officers.
MediaAlpha said Chief Financial Officer Patrick Thompson will step down, and Tigran Sinanyan, a former CFO who is currently Senior Vice President of Finance, will succeed him effective October 1, 2026. The company also said third quarter 2026 revenue, contribution, and adjusted EBITDA are now expected to be at or above the top end of its previously disclosed guidance ranges, which matters to shareholders because it is an improved outlook alongside a senior finance leadership change.
Tigran Sinanyan becomes CFO and Treasurer effective October 1, 2026, with a base salary of $475,000.
Patrick Thompson's last day is October 30, 2026; he will serve as a consultant through February 26, 2027.
Q3 2026 revenue, contribution, and adjusted EBITDA are expected at or above the top end of guidance ranges from the July 29, 2026 second quarter earnings release.
Thompson said his transition is not related to any disagreement with the company on accounting, strategy, operations, or other matters.
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