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Marchex Inc (MCHX) stock

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NASDAQ: MCHX Nasdaq Internet Services & Infrastructure Next results ~November 10, 2026

C Fundamentals grade

Marchex Inc is a US-listed company in the internet services & infrastructure industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: every model's value for Marchex Inc is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.

Price vs value

Under review: free cash flow after stock pay is not positive. We'll show the comparison once resolved.

Marchex Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds8 adding, 11 cuttingOf 4 active managers that changed their stake, 1 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Marchex files

Where Marchex stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $44m, down 7.5% on a year earlier, a steeper fall than the 6.9% decline a quarter earlier. That puts it 22 of 27 for growth among the internet services & infrastructure companies we cover. Free-cash-flow margin held at -4.5%. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 2 financial-health checks.

Our model value for Marchex is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 13, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 10, 2026 (estimated)

Marchex Inc's trailing-twelve-month revenue fell 7.5% year on year, with a free-cash-flow margin of -4.5%. Where it lags: free-cash-flow margin of -4.5% ranks 14 of 17 internet services & infrastructure companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 4.5% while net income fell 17.9%: a 22pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Results due soon. Results are expected around 12 November; the share price can move sharply on the day.
  • Revenue shrinking. Revenue fell 7.5% over the last 12 months.
  • Loss-making. Operating margin is -11.4%: costs exceed revenue.
  • Burning cash. Free cash flow was -4.5% of revenue over the last 12 months.
  • Volatile shares. Over the past year the shares showed annualised volatility of 49% and a beta of 0.9 against the S&P 500.
  • Gross margin slipping. Gross margin is down 3.3 points on a year ago.

Latest results: FY2026 Q2

Filed August 13, 2026
Earnings per share
$0.00 against an average estimate of $0.02: missed by 100.0%
Revenue
$11m, down 5.6% on a year earlier
Share reaction
+4.6% in the first session after the results on August 12, 2026, against +0.9% for the S&P 500
Guidance given
revenue $16m to $16.5m (Third Quarter 2026 (outlook)); adjusted EBITDA, net of reorganization and acquisition costs $2.3m to $2.5m (Third Quarter 2026 (outlook))
Next report
November 10, 2026; average EPS estimate $0.04

Marchex's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.4%
  • 1 week+15.9%
  • 1 month+13.2%
  • This year-12.0%
  • 1 year-16.6%
  • 5 years-58.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$44M
Operating margin
-11.4%
Net margin
-12.4%

Growth

Revenue growth
−7.5%
Change in growth rate
−0.6 pts

Cash

Free cash flow (TTM)
-$2M
FCF margin
-4.5%
Stock pay % of revenue
5.4%

Earnings

Last results
August 12, 2026
Next results (est.)
November 12, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Marchex Inc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: free cash flow after stock pay is not positive.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Marchex Inc as an operating company, with every model that fits that kind of business. Cost of equity 9.9%: the 10-year Treasury yield (4.9%) plus a beta of 1.11 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: This model is withheld pending its input or assumption review.
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: This model is withheld pending its input or assumption review.
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$0.2 ~$0.7–$5.8 Left out: out of range vs price (0.12x)
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Marchex Inc with Internet Services & Infrastructure in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

54 /100

Moderate moat

How hard Marchex's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 14.7% of total assets over 8 years.

  • Pricing power 15 / 20

    Gross margin has been a median 61.2%, moving by 6.6 percentage points (standard deviation) across 8 years.

  • Durability 10 / 20

    Operating margin has been a median -12.0%; its worst year was -165.3%.

  • Cash conversion 2 / 20

    Free cash flow was positive in 2 of 10 years, at a median -4.4% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (59 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 10, 2026, after the close. Analysts expect revenue of $16m and EPS of $0.04 (range $0.04 to $0.04) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.04 +167% $53m +18%
Next $0.16 +300% $69m +30%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −20.0% on 90 days ago. In the last 30 days, 0 analysts raised Marchex Inc's forecast and 1 cut it.

Consensus EPS forecast Marchex Inc, last 90 days
$0.04 $0.04 $0.05 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.05 Current fiscal year, 60 days ago: $0.05 Current fiscal year, 30 days ago: $0.05 Current fiscal year, 7 days ago: $0.05 Current fiscal year, Now: $0.04 $0.04

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal year
90 days ago $0.05
60 days ago $0.05
30 days ago $0.05
7 days ago $0.05
Now $0.04

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.02 $0.00 −100.0%
Mar 2026 $0.00 −$0.03 0.0%
Dec 2025 −$0.01 −$0.04 −300.0%
Sept 2025 $0.01 $0.00 −100.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 12, 2026
  • Revenue · Pro forma combined (Marchex and Archenia) Third Quarter 2026 (outlook) $16m to $16.5m
    “Revenue $14.4 $15.5 $16.0 - $16.5” source
  • Adjusted EBITDA, net of reorganization and acquisition costs · Pro forma combined (Marchex and Archenia) Third Quarter 2026 (outlook) $2.3m to $2.5m Non-GAAP
    “Adjusted EBITDA, net of reorganization and acquisition costs $0.6 $2.0 $2.3 - $2.5” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

1 analysts, Oct 2026
Buy1100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202611
  2. Sep 202611

Counts of recommendations published by analysts covering Marchex Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
0.1%
of tradable shares
Days to cover
0.61
at average volume
Short interest, 1 month
−49%
to October 15, 2026
Held by institutions
63%
of shares
Held by insiders
8.6%
of shares
Employees
139
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
MCHX+27%−36%−15%+29%−5%−12%
Industry peers (median)+12%−81%+46%−17%−12%−30%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
MCHX50%42%50%42%42%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
MCHX−35%−52%−42%−23%−38%−36%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 78% from May 15, 2019 to October 15, 2026. Getting back needed a 344% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$1.22 – $1.90
From 52-week high
−23.2%
vs 50-day average
+2.3%
vs 200-day average
−7.4%
Volatility (1 year)
49%
Beta vs S&P 500
0.90

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±3.8%
After a week
9 up, 3 down
typical move ±5.5%
After a month
5 up, 7 down
typical move ±12.2%
Results releasedNext dayS&P 500 next day5 days21 days
August 12, 2026 +4.6% +0.9% +1.7% −21.3%
May 13, 2026 +1.9% +1.4% +5.7% −2.5%
March 25, 2026 −0.7% −1.2% +9.1% +21.7%
November 13, 2025 −1.2% −1.7% −10.6% +1.9%
August 12, 2025 −8.1% +1.4% +0.5% +0.5%
May 13, 2025 +2.0% +0.8% +11.6% +33.3%
March 6, 2025 +7.1% −1.2% +0.5% −29.1%
October 31, 2024 −1.1% −1.5% −1.7% 0.0%
August 8, 2024 −1.1% +2.8% +9.8% −4.3%
March 14, 2024 −2.3% −0.9% +6.0% −3.8%
November 8, 2023 +8.5% −0.7% +3.9% +11.6%
August 3, 2023 −6.9% −0.7% −4.4% −16.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Marchex Inc in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Marchex Inc
$42M $44M $46M $48M $50M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $49.8M Revenue (TTM), FY23 Q4: $49.9M Revenue (TTM), FY24 Q1: $49.3M Revenue (TTM), FY24 Q2: $48.8M Revenue (TTM), FY24 Q3: $48.6M Revenue (TTM), FY24 Q4: $48.1M Revenue (TTM), FY25 Q1: $48M Revenue (TTM), FY25 Q2: $47.5M Revenue (TTM), FY25 Q3: $46.5M Revenue (TTM), FY25 Q4: $45.4M Revenue (TTM), FY26 Q1: $44.6M Revenue (TTM), FY26 Q2: $44M $44M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $49.8M
FY23 Q4 $49.9M
FY24 Q1 $49.3M
FY24 Q2 $48.8M
FY24 Q3 $48.6M
FY24 Q4 $48.1M
FY25 Q1 $48M
FY25 Q2 $47.5M
FY25 Q3 $46.5M
FY25 Q4 $45.4M
FY26 Q1 $44.6M
FY26 Q2 $44M
Revenue growth, TTM YoY Marchex Inc
-8% -6% -4% -2% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -5.4% Revenue growth, TTM YoY, FY23 Q4: -4.3% Revenue growth, TTM YoY, FY24 Q1: -3.8% Revenue growth, TTM YoY, FY24 Q2: -2.8% Revenue growth, TTM YoY, FY24 Q3: -2.4% Revenue growth, TTM YoY, FY24 Q4: -3.6% Revenue growth, TTM YoY, FY25 Q1: -2.7% Revenue growth, TTM YoY, FY25 Q2: -2.6% Revenue growth, TTM YoY, FY25 Q3: -4.3% Revenue growth, TTM YoY, FY25 Q4: -5.6% Revenue growth, TTM YoY, FY26 Q1: -6.9% Revenue growth, TTM YoY, FY26 Q2: -7.5% -7.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -5.4%
FY23 Q4 -4.3%
FY24 Q1 -3.8%
FY24 Q2 -2.8%
FY24 Q3 -2.4%
FY24 Q4 -3.6%
FY25 Q1 -2.7%
FY25 Q2 -2.6%
FY25 Q3 -4.3%
FY25 Q4 -5.6%
FY26 Q1 -6.9%
FY26 Q2 -7.5%
Operating margin (TTM) Marchex Inc
-30% -20% -10% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -24.2% Operating margin (TTM), FY23 Q4: -19.3% Operating margin (TTM), FY24 Q1: -13.1% Operating margin (TTM), FY24 Q2: -9.2% Operating margin (TTM), FY24 Q3: -8.2% Operating margin (TTM), FY24 Q4: -9.2% Operating margin (TTM), FY25 Q1: -10.4% Operating margin (TTM), FY25 Q2: -10.1% Operating margin (TTM), FY25 Q3: -10.6% Operating margin (TTM), FY25 Q4: -12.6% Operating margin (TTM), FY26 Q1: -11.7% Operating margin (TTM), FY26 Q2: -11.4% -11.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -24.2%
FY23 Q4 -19.3%
FY24 Q1 -13.1%
FY24 Q2 -9.2%
FY24 Q3 -8.2%
FY24 Q4 -9.2%
FY25 Q1 -10.4%
FY25 Q2 -10.1%
FY25 Q3 -10.6%
FY25 Q4 -12.6%
FY26 Q1 -11.7%
FY26 Q2 -11.4%
FCF margin (TTM) Marchex Inc
-20% -15% -10% -5% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -16.1% FCF margin (TTM), FY23 Q4: -11.6% FCF margin (TTM), FY24 Q1: -7.1% FCF margin (TTM), FY24 Q2: -3.9% FCF margin (TTM), FY24 Q3: -2.8% FCF margin (TTM), FY24 Q4: -3.1% FCF margin (TTM), FY25 Q1: -5.7% FCF margin (TTM), FY25 Q2: -4.3% FCF margin (TTM), FY25 Q3: -4.4% FCF margin (TTM), FY25 Q4: -6.1% FCF margin (TTM), FY26 Q1: -1.3% FCF margin (TTM), FY26 Q2: -4.5% -4.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -16.1%
FY23 Q4 -11.6%
FY24 Q1 -7.1%
FY24 Q2 -3.9%
FY24 Q3 -2.8%
FY24 Q4 -3.1%
FY25 Q1 -5.7%
FY25 Q2 -4.3%
FY25 Q3 -4.4%
FY25 Q4 -6.1%
FY26 Q1 -1.3%
FY26 Q2 -4.5%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 93 98 139 133 148 174 143 130 90 85 54 51 53 52 50 48 45 44
Gross profit — — — — — — — — 41 37 36 30 32 32 29 31 29 27
EBITDA 8 −1 9 −14 1 3 3 −81 −4 −2 −12 −42 −11 −7 −8 −3 −4 −4
Operating income −4 −4 6 −17 −2 −0 −1 −84 −6 −4 −14 −44 −12 −8 −10 −4 −6 −5
Net income −2 −3 3 −35 2 −19 27 −84 −6 −3 −4 −38 −4 −8 −10 −5 −5 −5
Diluted EPS −$0.07 −$0.10 $0.08 — $0.05 −$0.48 $0.65 −$2.01 — — — — −$0.10 −$0.19 −$0.23 −$0.11 −$0.12 —
Growth (year on year)
Revenue — +4.6% +42.2% −4.3% +11.3% +17.4% −17.6% −9.4% −30.3% −5.6% −36.1% −6.0% +4.4% −2.4% −4.3% −3.6% −5.6% −7.5%
EBITDA — −109.7% — −264.7% — — — <−999% — — — — — — — — — —
Operating income — — — −401.2% — — — — — — — — — — — — — —
Net income — — — <−999% — — — −414.6% — — — — — — — — — —
Diluted EPS — — — — — — — −409.2% — — — — — — — — — —
Margins
Gross margin — — — — — — — — 45.4% 43.9% 67.0% 59.2% 59.4% 60.8% 58.8% 64.3% 63.2% 61.2%
EBITDA margin 8.7% −0.8% 6.1% −10.6% 0.9% 1.8% 2.2% −62.3% −3.9% −2.8% −22.9% −82.9% −19.8% −12.6% −15.7% −6.3% −9.6% −8.6%
Operating margin −3.8% −3.9% 4.1% −13.0% −1.4% −0.1% −0.4% −64.8% −7.0% −4.6% −25.6% −86.0% −22.1% −15.6% −19.3% −9.2% −12.6% −11.4%
Net margin −2.2% −3.1% 2.1% −26.5% 1.2% −11.0% 18.7% −64.9% −6.7% −3.1% −7.4% −75.1% −8.2% −15.8% −19.9% −10.3% −11.5% −12.4%
Free-cash-flow margin 15.8% 6.1% 9.2% 12.8% 7.1% 11.0% 6.0% −3.6% 0.1% 4.0% 6.4% −9.2% −14.4% −9.9% −11.6% −3.1% −3.2% −1.7%
Cash flow
Cash from operations 17 9 17 20 14 22 13 −4 2 5 5 −3 −6 −2 −4 −1 −1 −1
Capital spending 2 3 4 3 3 3 4 1 2 2 2 1 1 3 1 0 0 0
Free cash flow 15 6 13 17 11 19 9 −5 0 3 3 −5 −8 −5 −6 −1 −1 −1
Stock-based pay 10 11 15 16 9 12 10 10 5 3 3 4 3 3 2 2 2 2
Free cash flow after stock pay 5 −5 −2 1 1 7 −1 −15 −4 0 0 −9 −10 −8 −8 −3 −4 −3
Balance sheet
Cash 34 37 37 16 31 80 109 104 104 45 42 34 27 20 15 13 10 8
Total debt 0 0 0 0 0 0 0 0 0 0 0 5 0 0 1 0 0 0
Net debt (negative = net cash) −34 −37 −37 −16 −31 −80 −109 −104 −104 −45 −42 −29 −27 −20 −14 −13 −10 −8
Returned to shareholders
Dividends 3 3 3 9 — 3 2 — — 22 — — — — — — — —
Buybacks 11 7 6 2 0 2 4 0 — 6 — 11 — — — — — —
Total returned 14 9 9 11 0 6 6 0 — 28 — 11 — — — — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · June 30, 2026
What it owns · $38m
Short-term assets $17mLonger-term assets $20m
What it owes, and who funded it · $38m
Short-term liabilities $8mLonger-term liabilities $1mShareholders' equity $29m
  • Short-term assets cover short-term liabilities $17m of assets due within a year against $8m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $17m short-term assets against $994,000 of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Marchex Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

R&D spending
20.4%
of revenue
Days sales outstanding
59 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in internet services & infrastructure
Last 12 months unless stated MCHX SLNH BGIN BGDE ORBS TZOO Median
Revenue, last 12 months $44m $42m $67m $27m $25m $92m $242m
Revenue growth, last 12 months −7.5% 50.9% −77.7% −46.0% −42.7% 4.9% 8.3%
Revenue growth, 3-year average −4.3% 38.9% — −24.4% −24.0% 6.1% 7.6%
Revenue growth, latest quarter −5.6% 144.6% — −35.5% −72.7% −2.9% 5.5%
Gross margin 61.2% 1.4% −112.2% 36.9% −4.8% 76.3% 49.5%
Operating margin −11.4% −127.0% −261.3% −101.3% −306.2% 1.9% −56.0%
Operating margin, 3-year average −10.2% −120.0% — −75.2% −112.8% 13.0% −25.3%
Net margin −12.4% −185.9% −262.6% −80.7% <−999% 0.5% −55.8%
Cash from operations / revenue −1.7% −46.2% −247.6% −90.5% −83.6% 3.5% −10.4%
Free-cash-flow margin −4.5% −117.2% −253.8% −90.9% −83.6% 3.5% −25.9%
Free-cash-flow margin, 3-year average −4.2% −73.4% — −30.5% — 12.9% −17.4%
Stock pay / revenue 5.4% 62.9% 0.8% 25.6% 62.7% 1.6% 11.9%
Change in share count — 27.8% 1.2% 0.0% — −10.8% 5.2%

Median of all 34 companies we cover in internet services & infrastructure. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

34 internet services & infrastructure companies
Measure Company Peer median Rank
Revenue growth Growth -7.5% 10.1% 26 of 34
Change in growth rate Growth -0.6pp -0.6pp 16 of 34
Gross margin Profitability 61.2% 61.5% 9 of 16
Operating margin Profitability -11.4% -49.3% 13 of 33
Net margin Profitability -12.4% -47.1% 16 of 34
Free-cash-flow margin Cash generation -4.5% 16.2% 14 of 17
Stock pay as % of revenue Cash generation 5.4% 12.4% 10 of 32
Days sales outstanding Balance sheet 59 days 48 days 10 of 14

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$34.3M
Institutions reporting
29
Shares held vs prior quarter
▲ 0.2%
Positions opened / closed
3 / 2

Top buyers and sellers, Q2 2026: 8 institutions bought and 11 sold ; the biggest buyer was Arax Advisory Partners (+146K shares) and the biggest seller Acuitas Investments, LLC (−31K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Edenbrook Capital, LLC $23.6M 14.7M 68.7% 0.0%
Renaissance Technologies LLC $2.5M 1.6M 7.4% ▼ 1.8%
Kanen Wealth Management LLC $2.2M 1.3M 6.4% 0.0%
Vanguard Capital Management LLC $1.7M 1.1M 5.1% ▼ 0.1%
Blackrock, Inc. $1.1M 656K 3.1% ▲ 2.5%
Geode Capital Management, LLC $645,176 401K 1.9% ▼ 1.0%
P.A.W. Capital Corp $644,000 400K 1.9% 0.0%
Vanguard Fiduciary Trust Co $327,849 204K 1.0% ▲ 0.7%
Acadian Asset Management LLC $297,000 185K 0.9% ▼ 12.4%
Arax Advisory Partners $234,912 146K 0.7% New
State Street Corp $226,521 141K 0.7% 0.0%
Acuitas Investments, LLC $167,456 103K 0.5% ▼ 23.2%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Marchex Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 12, 2026 estimated from the company's past filing pattern, not announced

  • August 12, 2026
  • May 13, 2026
  • March 25, 2026
  • November 13, 2025
  • August 12, 2025
  • May 13, 2025

Recent SEC filings

Data status

When each part of this page on Marchex Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Marchex Inc in brief

What does Marchex Inc do?
Marchex Inc is a US-listed company in the internet services & infrastructure industry. Its financial year ends in December.
What is Marchex Inc's stock ticker?
Marchex Inc trades under the ticker MCHX on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Marchex Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Marchex Inc reported revenue of $44M, 7.5% lower than a year earlier, according to its SEC filings.
What is Marchex Inc's free cash flow?
Marchex Inc's free-cash-flow margin is -4.5% of revenue over the trailing twelve months, ranking 14 of the 17 internet services & infrastructure companies we cover.
Who are Marchex Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Edenbrook Capital, LLC, Renaissance Technologies LLC and Kanen Wealth Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Who are Marchex Inc's competitors?
In our Internet Services & Infrastructure peer group, the companies closest to Marchex Inc are Soluna Holdings, Inc, Bgin Blockchain Ltd, Big Digital Energy, Inc., Eightco Holdings Inc. and Travelzoo. The side-by-side comparison below sets their revenue, margins and growth against Marchex Inc's.
When is Marchex Inc's next earnings date?
Around November 10, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Marchex Inc announces its own schedule.