MAX — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-07-29

• Net income for the three months ended June 30, 2026 was $41.8 million, compared with a net loss of $22.5 million for the three months ended June 30, 2025, due primarily to a $37.7 million gain on extinguishment of a portion of the liability under the tax receivables agreement resulting from our repu…

• On June 25, 2026, we entered into an Assignment, Assumption and Termination Agreement with Insignia, pursuant to which we purchased Insignia's interest in the TRA for $31.0 million in cash ("TRA Settlement"). As of March 31, 2026, our estimated future liability under the TRA was $123.4 million, of w…

• Our results are subject to fluctuations as a result of seasonality. In particular, our P&C insurance vertical is typically characterized by seasonal strength in our quarters ending March 31 due to a greater supply of Consumer Referrals and higher customer acquisition budgets during the start of the …

• with a material increase in consumer search volume for health products and a related increase in buyer customer acquisition budgets.

• Consumer Referrals transacted, which is a negotiated percentage of the Transaction Value of such transactions. We do not make any payments to Supply Partners in our Private Marketplace transactions.

Text removed vs the prior filing · source: 10-Q · 2026-04-29

• Net income for the three months ended March 31, 2026 was $14.0 million, compared with a net loss of $2.3 million for the three months ended March 31, 2025, due primarily to an increase in gross profit. In addition, in the three months ended March 31, 2025 we incurred a write-off of $13.4 million of …

• On March 25, 2026, we entered into an amendment and restatement agreement to our Existing Credit Agreement, which provides for a new senior secured term loan facility in an aggregate principal amount of $150.0 million and a new senior secured revolving credit facility with commitments in an aggregat…

• On February 3, 2026, we entered into a lease agreement for a new corporate headquarters comprised of approximately 21,000 square feet of office space located in Los Angeles, CA. The initial term of such lease is 65 months commencing upon the later of November 1, 2026 and substantial completion of th…

• On February 18, 2026, our Board of Directors authorized an increase in the previously approved Repurchase Program by $50.0 million, to a total of up to $100.0 million ("Repurchase Program"). As of March 31, 2026, we had repurchased 3,173,374 shares of Class A common stock for aggregate consideration…

• increased their spending in our marketplaces. During the first quarter of 2026, the ongoing geopolitical conflict in the Middle East has caused significant increases in energy prices and disruption in supply chains for certain products. In the event that such war escalates or continues for an extend…