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Side-by-side financial comparison of MediaAlpha, Inc. (MAX) and Orla Mining Ltd. (ORLA). Click either name above to swap in a different company.

MediaAlpha, Inc. is the larger business by last-quarter revenue ($310.0M vs $251.2M, roughly 1.2× Orla Mining Ltd.).

Alpha Group Co., Ltd. is a Chinese multinational conglomerate with animation, toy, mass media asset and entertainment company headquartered created by Cai Dongqing in 1993. In 2016, it changed its name from Alpha Animation. The company has a Chinese webcomics site, U17, and also an American film company, Alpha Pictures, and has announced the creation of an animation division also based in the United States.

Orla Mining Ltd. is a Canada-based mineral exploration and development firm focused on high-grade gold and precious metal assets in North and Central America, with core projects in Mexico and Nevada, U.S. It follows sustainable responsible mining practices, collaborates with local communities, and delivers long-term value to stakeholders.

MAX vs ORLA — Head-to-Head

Bigger by revenue
MAX
MAX
1.2× larger
MAX
$310.0M
$251.2M
ORLA

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
MAX
MAX
ORLA
ORLA
Revenue
$310.0M
$251.2M
Net Profit
$14.0M
Gross Margin
15.1%
Operating Margin
7.2%
Net Margin
4.5%
Revenue YoY
17.3%
Net Profit YoY
701.8%
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MAX
MAX
ORLA
ORLA
Q1 26
$310.0M
Q4 25
$291.2M
Q3 25
$306.5M
$251.2M
Q2 25
$251.6M
$151.8M
Q1 25
$264.3M
Q4 24
$300.6M
Q3 24
$259.1M
$584.4M
Q2 24
$178.3M
$110.4M
Net Profit
MAX
MAX
ORLA
ORLA
Q1 26
$14.0M
Q4 25
$31.4M
Q3 25
$14.9M
Q2 25
$-18.7M
Q1 25
$-1.9M
Q4 24
$4.6M
Q3 24
$9.5M
$-368.9M
Q2 24
$3.6M
Gross Margin
MAX
MAX
ORLA
ORLA
Q1 26
15.1%
Q4 25
15.4%
Q3 25
14.2%
Q2 25
15.0%
Q1 25
15.8%
Q4 24
16.3%
Q3 24
15.1%
Q2 24
17.8%
Operating Margin
MAX
MAX
ORLA
ORLA
Q1 26
7.2%
Q4 25
7.7%
Q3 25
6.4%
Q2 25
-8.0%
Q1 25
0.0%
Q4 24
6.1%
Q3 24
6.0%
Q2 24
3.6%
Net Margin
MAX
MAX
ORLA
ORLA
Q1 26
4.5%
Q4 25
10.8%
Q3 25
4.9%
Q2 25
-7.4%
Q1 25
-0.7%
Q4 24
1.5%
Q3 24
3.7%
-63.1%
Q2 24
2.0%
EPS (diluted)
MAX
MAX
ORLA
ORLA
Q1 26
Q4 25
$0.50
Q3 25
$0.26
Q2 25
$-0.33
Q1 25
$-0.04
Q4 24
$0.09
Q3 24
$0.17
Q2 24
$0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MAX
MAX
ORLA
ORLA
Cash + ST InvestmentsLiquidity on hand
$26.1M
Total DebtLower is stronger
$163.5M
Stockholders' EquityBook value
$507.4M
Total Assets
$367.7M
$598.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAX
MAX
ORLA
ORLA
Q1 26
$26.1M
Q4 25
$46.9M
Q3 25
$38.8M
Q2 25
$85.4M
Q1 25
$63.6M
Q4 24
$43.3M
Q3 24
$32.3M
Q2 24
$28.7M
$96.6M
Total Debt
MAX
MAX
ORLA
ORLA
Q1 26
$163.5M
Q4 25
$153.4M
Q3 25
$155.7M
Q2 25
$158.0M
Q1 25
$160.2M
Q4 24
$162.4M
Q3 24
$164.7M
Q2 24
$166.9M
Stockholders' Equity
MAX
MAX
ORLA
ORLA
Q1 26
Q4 25
$4.2M
Q3 25
$-29.8M
$507.4M
Q2 25
$-3.8M
$507.4M
Q1 25
$7.9M
Q4 24
$2.4M
Q3 24
$-8.4M
$968.6M
Q2 24
$-24.4M
$400.5M
Total Assets
MAX
MAX
ORLA
ORLA
Q1 26
$367.7M
Q4 25
$383.8M
Q3 25
$266.2M
$598.3M
Q2 25
$249.4M
$598.3M
Q1 25
$240.0M
Q4 24
$262.4M
Q3 24
$236.1M
$1.3B
Q2 24
$198.2M
$535.8M
Debt / Equity
MAX
MAX
ORLA
ORLA
Q1 26
Q4 25
36.88×
Q3 25
Q2 25
Q1 25
20.23×
Q4 24
68.31×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MAX
MAX
ORLA
ORLA
Operating Cash FlowLast quarter
$126.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAX
MAX
ORLA
ORLA
Q1 26
Q4 25
$-7.4M
Q3 25
$23.6M
$126.9M
Q2 25
$25.7M
$74.9M
Q1 25
$23.7M
Q4 24
$14.5M
Q3 24
$8.1M
$92.4M
Q2 24
$21.6M
$22.4M
Free Cash Flow
MAX
MAX
ORLA
ORLA
Q1 26
Q4 25
$-7.5M
Q3 25
$23.6M
Q2 25
$25.5M
Q1 25
$23.6M
Q4 24
$14.5M
Q3 24
$8.0M
Q2 24
$21.5M
FCF Margin
MAX
MAX
ORLA
ORLA
Q1 26
Q4 25
-2.6%
Q3 25
7.7%
Q2 25
10.2%
Q1 25
8.9%
Q4 24
4.8%
Q3 24
3.1%
Q2 24
12.0%
Capex Intensity
MAX
MAX
ORLA
ORLA
Q1 26
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.1%
Q1 25
0.0%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.1%
Cash Conversion
MAX
MAX
ORLA
ORLA
Q1 26
Q4 25
-0.24×
Q3 25
1.58×
Q2 25
Q1 25
Q4 24
3.13×
Q3 24
0.85×
Q2 24
5.97×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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