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Marchex Inc. (MCHX) Stock Fundamental Analysis & AI Rating 2026

MCHX Nasdaq Services-Prepackaged Software DE CIK: 0001224133
Recently Updated • Analysis: May 15, 2026 • SEC Data: 2026-03-31
Combined AI Rating
SELL
87% Confidence
N/A
SELL
87% Conf
Pending
Analysis scheduled

📊 MCHX Key Takeaways

Revenue: $10.6M
Net Margin: -16.2%
Free Cash Flow: $-550.0K
Current Ratio: 2.22x
Debt/Equity: 0.00x
EPS: $-0.04
AI Rating: SELL with 87% confidence
Marchex Inc. (MCHX) receives a SELL rating with 87% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $10.6M, net profit margin of -16.2%, and return on equity (ROE) of -6.0%, Marchex Inc. demonstrates mixed fundamentals in the Technology sector. Below is our complete MCHX stock analysis for 2026.

Is Marchex Inc. (MCHX) a Good Investment?

Claude

Marchex is a struggling software company with deteriorating fundamentals: declining revenue (-5.6% YoY), sustained unprofitability (Operating Margin -12.7%, Net Margin -16.2%), and significant negative free cash flow (-$550K). While the balance sheet remains intact with minimal debt and adequate liquidity, current operational performance is unsustainable and cash reserves provide limited runway for turnaround at current burn rates.

Why Buy Marchex Inc. Stock? MCHX Key Strengths

Claude
  • + Minimal debt burden (Debt/Equity 0.00x) with no long-term debt
  • + Strong liquidity position (Current Ratio 2.22x, Quick Ratio 2.22x)
  • + Adequate cash reserves ($9.0M) relative to asset base ($38.5M) providing near-term runway

MCHX Stock Risks: Marchex Inc. Investment Risks

Claude
  • ! Declining revenue trajectory (-5.6% YoY) inconsistent with growth profile expected of software company
  • ! Persistent unprofitability with negative operating income (-$1.4M) and negative ROE/ROA indicating value destruction
  • ! Significant negative free cash flow (-$550K, -5.2% margin) with operating cash flow negative, indicating unsustainable operations at current scale
  • ! Limited financial cushion: at current burn rate, cash reserves depleted within 18-24 months if trends continue
  • ! Small enterprise scale ($38.5M assets) with limited resources to fund turnaround initiatives

Key Metrics to Watch

Claude
  • * Quarterly revenue growth rate and revenue stabilization/inflection
  • * Operating income and operating margin improvement toward positive territory
  • * Operating cash flow conversion (currently negative)
  • * Free cash flow and monthly cash burn rate
  • * Customer concentration and retention rates (SIC 7372 software business sustainability)
  • * Path to profitability and cost structure optimization initiatives

Marchex Inc. (MCHX) Financial Metrics & Key Ratios

Revenue
$10.6M
Net Income
$-1.7M
EPS (Diluted)
$-0.04
Free Cash Flow
$-550.0K
Total Assets
$38.5M
Cash Position
$9.0M

💡 AI Analyst Insight

Strong liquidity with a 2.22x current ratio provides a solid financial cushion.

MCHX Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin -12.7%
Net Margin -16.2%
ROE -6.0%
ROA -4.5%
FCF Margin -5.2%

MCHX vs Technology Sector: How Marchex Inc. Compares

How Marchex Inc. compares to Technology sector averages

Net Margin
MCHX -16.2%
vs
Sector Avg 18.0%
MCHX Sector
ROE
MCHX -6.0%
vs
Sector Avg 22.0%
MCHX Sector
Current Ratio
MCHX 2.2x
vs
Sector Avg 2.5x
MCHX Sector
Debt/Equity
MCHX 0.0x
vs
Sector Avg 0.5x
MCHX Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Marchex Inc. Stock Overvalued? MCHX Valuation Analysis 2026

Based on fundamental analysis, Marchex Inc. has mixed fundamental signals relative to the Technology sector in 2026.

Return on Equity
-6.0%
Sector avg: 22%
Net Profit Margin
-16.2%
Sector avg: 18%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 0.5x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Marchex Inc. Balance Sheet: MCHX Debt, Cash & Liquidity

Current Ratio
2.22x
Quick Ratio
2.22x
Debt/Equity
0.00x
Debt/Assets
25.1%
Interest Coverage
-4.79x
Long-term Debt
N/A

MCHX Revenue & Earnings Growth: 5-Year Financial Trend

MCHX 5-year financial data: Year 2021: Revenue $53.5M, Net Income -$38.4M, EPS N/A. Year 2022: Revenue $53.5M, Net Income -$4.4M, EPS $-0.10. Year 2023: Revenue $52.2M, Net Income -$8.2M, EPS N/A. Year 2024: Revenue $49.9M, Net Income -$9.9M, EPS $-0.23. Year 2025: Revenue $48.1M, Net Income -$4.9M, EPS $-0.11.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Marchex Inc.'s revenue has declined by 10% over the 5-year period, indicating business contraction. The most recent EPS of $-0.11 indicates the company is currently unprofitable.

MCHX Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-5.2%
Free cash flow / Revenue

MCHX Quarterly Earnings & Performance

Quarterly financial performance data for Marchex Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $10.6M -$1.7M $-0.04
Q3 2025 $11.5M $84.0K $-0.02
Q2 2025 $11.7M $85.0K $0.00
Q1 2025 $11.4M -$1.5M $-0.03
Q3 2024 $12.6M -$756.0K $-0.02
Q2 2024 $12.1M -$756.0K $-0.02
Q1 2024 $11.6M -$1.5M $-0.03
Q3 2023 $12.8M -$1.5M $-0.04

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Marchex Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$514.0K
Cash generated from operations
Stock Buybacks
$10.9M
Shares repurchased (TTM)
Capital Expenditures
$36.0K
Investment in assets
Dividends Paid
$21.9M
Returned to shareholders

MCHX SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Marchex Inc. (CIK: 0001224133)

📋 Recent SEC Filings

Date Form Document Action
May 14, 2026 10-Q mchx-20260331.htm View →
May 13, 2026 8-K mchx-20260513.htm View →
May 12, 2026 8-K mchx-20260508.htm View →
May 1, 2026 8-K mchx-20260429.htm View →
Apr 17, 2026 10-K/A mchx-20251231.htm View →

Frequently Asked Questions about MCHX

What is the AI rating for MCHX?

Marchex Inc. (MCHX) has an AI rating of SELL with 87% confidence, based on fundamental analysis of SEC EDGAR filings.

What are MCHX's key strengths?

Claude: Minimal debt burden (Debt/Equity 0.00x) with no long-term debt. Strong liquidity position (Current Ratio 2.22x, Quick Ratio 2.22x).

What are the risks of investing in MCHX?

Claude: Declining revenue trajectory (-5.6% YoY) inconsistent with growth profile expected of software company. Persistent unprofitability with negative operating income (-$1.4M) and negative ROE/ROA indicating value destruction.

What is MCHX's revenue and growth?

Marchex Inc. reported revenue of $10.6M.

Does MCHX pay dividends?

Marchex Inc. pays dividends, with $21.9M distributed to shareholders in the trailing twelve months.

Where can I find MCHX SEC filings?

Official SEC filings for Marchex Inc. (CIK: 0001224133) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is MCHX's EPS?

Marchex Inc. has a diluted EPS of $-0.04.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is MCHX a good stock to buy right now?

Based on our AI fundamental analysis in May 2026, Marchex Inc. has a SELL rating with 87% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is MCHX stock overvalued or undervalued?

Valuation metrics for MCHX: ROE of -6.0% (sector avg: 22%), net margin of -16.2% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.

Should I buy MCHX stock in 2026?

Our dual AI analysis gives Marchex Inc. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is MCHX's free cash flow?

Marchex Inc.'s operating cash flow is $-514.0K, with capital expenditures of $36.0K. FCF margin is -5.2%.

How does MCHX compare to other Technology stocks?

Vs Technology sector averages: Net margin -16.2% (avg: 18%), ROE -6.0% (avg: 22%), current ratio 2.22 (avg: 2.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 15, 2026 | Data as of: 2026-03-31 | Powered by Claude AI