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MediaAlpha, Inc. (MAX) — Cost of Revenue

Annual figures by fiscal year, from SEC filings.

2018: $247.67M2019: $342.91M2020: $499.43M2021: $543.75M2022: $389.01M2023: $321.44M2024: $721.13M2025: $946.06M$946.06M
2018Cost of Revenue (USD)2025
Fiscal YearCost of RevenueChange YoY
2025$946.06M+31.2%
2024$721.13M+124.3%
2023$321.44M-17.4%
2022$389.01M-28.5%
2021$543.75M+8.9%
2020$499.43M+45.6%
2019$342.91M+38.5%
2018$247.67M—