Quick Answer
MediaAlpha, Inc. reported R&D Expense of $21.40 million for fiscal year 2025.
MediaAlpha, Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $21.40M | +8.3% |
| 2024 | $19.76M | +7.1% |
| 2023 | $18.46M | -12.4% |
| 2022 | $21.08M | +38.7% |
| 2021 | $15.20M | +22.1% |
| 2020 | $12.45M | +76.8% |
| 2019 | $7.04M | -31.9% |
| 2018 | $10.34M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $5.83M | +9.4% | +8.9% |
| June 30, 2025 | $5.35M | +6.0% | +9.6% |
| March 31, 2025 | $4.89M | +12.0% | -8.3% |
| September 30, 2024 | $5.33M | +24.0% | +5.5% |
| June 30, 2024 | $5.05M | -0.2% | +15.8% |
| March 31, 2024 | $4.36M | -15.6% | +1.6% |
| September 30, 2023 | $4.30M | -18.8% | -15.1% |
| June 30, 2023 | $5.06M | -10.6% | -2.1% |
- MediaAlpha, Inc. showed an increase of +8.3% in R&D Expense compared to the prior fiscal year.
- Over the 2018–2025 period, MediaAlpha, Inc.’s r&d expense has grown by 106.9% (from $10.34 million to $21.40 million).
- The most recent figure is from MediaAlpha, Inc.’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 23, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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