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Marchex, Inc.

MCHX Communication Services Advertising Agencies

Marchex, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $45.4 million, down 5.61% from fiscal 2024.

Revenue
−5.60%
EPS
−626.3%
Free cash flow
−329.3%

Quarter to June 2026, against a year earlier

1.31 0.06 −4.38%
Market cap
$56.3M
P/E
0.0×
Fwd P/E
−144×
Dividend yield
—
F-score
3/9
Altman Z
−6.14
Beneish M
−2.94
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 18.22%

Capital & Financial Ratios $m

Size
Market Cap 56.31
Revenue ttm 43.98
Net income ttm (5.47)
Free cash flow ttm (2.27)
Net debt Q (8.15)
Valuation
P/E 0.00
Forward P/E (144.00) (negative: loss-making)
Price / sales 1.32
Forward P/S Powerpack
Price / FCF 0.00
Price / book 2.00
Financial health
Current ratio Q 2.29 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q (7.76)
Growth
Revenue growth Q −5.60% (below 0%: shrinking)
Operating income growth Q +35.45% (above 0%: growing)
EPS, this year +166.67% (at or above 15%: strong)
EPS, next year A +300.00% (at or above 15%: strong)
Revenue, next year A +17.70% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +44.97% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.3×, against a ten-year median of 1.2×; over the ten years it ranged from 0.0× in 2016 to 2.3× in 2021.
P/S against its own 10 years 32.09%
10-year low 10-year high
P/B against its own 10 years 63.73%
10-year low 10-year high
EV/Sales against its own 10 years 54.69%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 15 13 10 8
Receivables 7 7 7 7
Inventory — — — —
Other — 2 1 1
24 22 19 17
2023 2024 2025 Q'26
Payables 2 1 3 3
ST’ Debt — — — —
Other — — — —
10 9 8 8

Compound Annual Growth %

10y 5y 3y
Sales (10.84%) (2.37%) (4.51%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value (16.72%) (10.60%) (11.98%)

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.02 Actual 0.00

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.01 0.00 Miss by 0.01
Q4 FY25 −0.01 −0.04 Miss by 0.03
Q1 FY26 0.00 −0.03 Miss by 0.03
Q2 FY26 0.02 0.00 Miss by 0.02
Q3 FY26 0.04 — Reports 10 November 2026

EPS $

Mar Jun Sep Dec Year
’26 (0.04) (0.01) — — —
’25 (0.05) 0.00 (0.02) (0.05) (0.12)
’24 (0.03) (0.02) (0.02) (0.04) (0.11)
’23 (0.11) (0.06) (0.04) (0.02) (0.23)
’22 (0.04) (0.03) (0.04) (0.08) (0.19)
’21 (0.12) (0.01) 0.07 (0.04) (0.10)
’20 (0.53) (0.09) (0.08) (0.12) (0.83)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 11 11 — — —
’25 11 12 12 11 45
’24 12 12 13 12 48
’23 12 13 13 12 50
’22 13 14 13 12 52
’21 13 14 14 13 53
’20 12 13 14 13 51
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (1) (1) — — —
’25 (3) 1 0 0 (1)
’24 (2) 0 0 1 (1)
’23 (4) (1) 0 2 (4)
’22 (1) 1 (1) (1) (2)
’21 (6) 0 0 (1) (6)
’20 (2) 2 (2) (1) (3)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (1) (1) — — —
’25 (3) 0 0 0 (3)
’24 (2) 0 0 1 (2)
’23 (5) (2) 0 1 (6)
’22 (3) 0 (1) (1) (5)
’21 (6) 0 0 (1) (8)
’20 (2) 1 (2) (1) (5)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 130 90 85 54 51 53 52 50 48 45 44 (11.0%) 53 69 — +23.6%
Gross margin, % 40.59 45.36 43.93 66.96 59.22 59.43 60.78 58.76 64.32 63.20 61.63 +22.6 pt
EBT (84) (6) (3) (13) (44) (4) (8) (10) (5) (5) (5) (26.7%)
EBT margin, % (64.85) (6.70) (3.32) (24.24) (85.78) (7.78) (15.45) (19.67) (9.49) (11.35) (11.81) +53.5 pt
Net income (84) (6) (3) (4) (38) (4) (8) (10) (5) (5) (5) (26.5%)
Per share, $
Per share, $ Revenue 3.10 2.11 2.01 1.20 1.11 1.22 1.21 1.17 1.12 1.04 0.99 (11.5%)
Earnings (2.01) (0.16) (0.06) (0.09) (0.83) (0.10) (0.19) (0.23) (0.11) (0.12) (0.12) (26.9%)
Cash flow (0.09) 0.04 0.12 0.11 (0.07) (0.14) (0.05) (0.10) (0.03) (0.03) (0.02) (10.6%)
Capex (0.03) (0.04) (0.05) (0.04) (0.03) (0.03) (0.07) (0.03) (0.01) (0.03) (0.03) +0.3%
Free cash flow (0.12) 0.00 0.07 0.08 (0.10) (0.18) (0.12) (0.13) (0.04) (0.06) (0.05) (6.8%)
Book value 2.71 2.11 2.24 2.20 1.14 1.17 1.02 0.84 0.76 0.69 0.66 (14.2%)
Shares, m 42 43 42 45 46 44 43 43 43 44 44 +0.6%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
P/S 0.88 1.53 1.33 1.91 1.69 2.04 1.43 1.12 1.57 1.60 1.32 1.5
P/B 1.01 1.54 1.20 1.74 1.64 2.11 1.69 1.56 2.31 2.42 2.00 1.7
EV/Sales 0.08 0.38 0.80 1.53 1.19 1.65 1.14 0.94 1.41 1.50 1.26 1.1
EV/FCF (2.04) 297.39 24.23 40.78 (12.85) (11.49) (11.51) (8.19) (44.29) (24.96) (24.29) 24.7
Cash, $m
Cash, $m Operating cash flow (4) 2 5 5 (3) (6) (2) (4) (1) (1) (1) (10.1%)
Capex (1) (2) (2) (2) (1) (1) (3) (1) 0 (1) (2) +0.8%
Free cash flow (5) 0 3 3 (5) (8) (5) (6) (2) (3) (2) (6.3%)
Balance, $m
Balance, $m Working capital 110 88 49 45 21 25 19 14 13 11 10 (22.6%)
Net debt (104) (104) (45) (35) (26) (26) (20) (14) (13) (10) (8) (23.0%)
Shareholders’ equity 113 90 95 100 53 52 44 36 33 30 29 (13.7%)
Returns, %
Returns, % ROA (50.45) (5.11) (2.26) (3.40) (38.17) (6.15) (13.45) (19.01) (10.91) (12.63) (13.74) +37.8 pt
ROIC (562.55) 0.00 (4.88) (13.37) (101.62) (28.49) (21.20) (27.79) (13.99) (17.76) (15.01) +544.8 pt
ROE (55.91) (6.34) (2.89) (4.15) (50.41) (8.43) (17.25) (24.78) (14.44) (16.69) (17.91) +39.2 pt
People
People Employees 291 225 254 291 245 187 193 164 163 139 — (7.9%)
Revenue/emp, $m 0.45 0.40 0.34 0.19 0.21 0.29 0.27 0.30 0.30 0.33 — (3.4%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Marchex, Inc. vs peers in Advertising Agencies (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NCMI National CineMedia, Inc. $152.4M — (loss-making) — (loss-making) +12.74% (above 0%: growing) n/m +60.61% (above 0%: growing) 29.28% (21.92%) Compare
FLNT FLUENT, INC. $114.4M — (loss-making) — (loss-making) +8.37% (above 0%: growing) n/m −835.54% (below 0%: shrinking) 28.91% (10.22%) Compare
STFS Star Fashion Culture Holdings Limited $85.2M — — — — — — — Compare
MF MindForge Inc. $58.3M — — — — −235.57% (below 0%: shrinking) 1.20% (2.14%) Compare
MCHX Marchex, Inc. $56.3M — (loss-making) — (loss-making) −5.60% (below 0%: shrinking) n/m −329.30% (below 0%: shrinking) 61.02% (3.14%)
TSQ Townsquare Media, Inc. $37.9M — (loss-making) — (loss-making) +3.92% (above 0%: growing) n/m −19.83% (below 0%: shrinking) 25.85% 4.96% Compare
IZEA IZEA WORLDWIDE, INC. $37.9M — (loss-making) — (loss-making) −36.42% (below 0%: shrinking) n/m +191.31% (above 0%: growing) 37.96% (18.37%) Compare
SWAG Stran & Company, Inc. $24.4M — (loss-making) — +2.40% (above 0%: growing) −33.33% (below 0%: shrinking) −94.36% (below 0%: shrinking) 30.04% 0.26% Compare
TC Token Cat Limited - Sponsored ADR $18.4M — (loss-making) — (loss-making) −48.54% (below 0%: shrinking) n/m −61.75% (below 0%: shrinking) 76.44% (51.72%) Compare
Median of peers $48.1M — — +3.16% — −61.75% 29.28% (10.22%)

All 41 Advertising Agencies stocks →

Pay and ownership Proxy statement filed 4 November 2025

Ownership

Directors and executive officers, together 78.40%
Russell Horowitz 75.70%
Edenbrook Capital, LLC 9.30%
Koller Capital LLC 2.50%
Michael Arends 1.30%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Marchex, Inc. (MCHX) Latest News

29 Oct

Impact 3 · · GlobeNewswire

27 Oct

Impact 4 · · GlobeNewswire

22 Sep

Impact 3 · · GlobeNewswire

16 Sep

Impact 3 ·

13 Aug

Impact 3 · · Moby transcript

12 Aug

Impact 3 · · MarketBeat transcript
Impact 3 ·

16 Jul

Impact 4 ·

14 May

Impact 4 ·
Impact 3 · · Moby transcript

13 May

Impact 4 · · Benzinga transcript
Impact 4 · · The Motley Fool transcript
Impact 4 · · Business Wire
Impact 3 · · MarketBeat

12 May

Impact 4 · · Business Wire

9 Apr

Impact 4 · · Business Wire

26 Mar

Impact 4 · · Moby

25 Mar

Impact 4 · · Associated Press Finance
Impact 4 · · Business Wire
Impact 3 · · GuruFocus.com
Impact 3 · · MarketBeat
Impact 3 · · Zacks

24 Mar

Impact 3 · · Business Wire

25 Feb

Impact 4 · · Business Wire

17 Feb

Impact 4 · · Business Wire

29 Jan

Impact 4 · · Business Wire

10 Dec

Impact 4 · · Business Wire

21 Nov

Impact 3 · · Simply Wall St.

14 Nov

Impact 4 · · GuruFocus.com transcript

13 Nov

Impact 3 · · Zacks
stockrow.com/MCHX · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com