# MediaAlpha, Inc. (MAX) — Shareholder Equity

## Annual Shareholder Equity (USD)

| Year | Shareholder Equity |
| --- | --- |
| 2025 | $4M |
| 2024 | $2M |
| 2023 | -$10M |
| 2022 | -$16M |
| 2021 | -$4M |
| 2020 | -$34M |
| 2019 | -$114M |

Source: [MarketCapTrends](https://marketcaptrends.com/company/MAX/shareholders-equity)