Sign in

MCHX on Nasdaq

Marchex

Marchex is an American digital marketing company based in Seattle, incorporated in Delaware.1 Its shares trade on Nasdaq under the symbol MCHX.1

Price unavailable

Last updated Oct 21, 2026.

Overview

$45.4MRevenue, fiscal 20253
-$5.2MNet income, fiscal 20253
2003Founded1

Compare with Lianhe Sowell International Group Ltd, Baijiayun Group Ltd or YXT.COM GROUP HOLDING Ltd, or pick any stock.

  • TickerMCHX on Nasdaq1
  • Industrydigital marketing1
  • HeadquartersSeattle1
  • Websitewww.marchex.com
  • Incorporated inDE4
  • Business address1448 Nw Market St, Suite 500, Seattle, Wa 981074
  • Filer categoryNon-accelerated filer, Smaller reporting company4

See how the biggest companies compare on our leaderboards

References herein to “we” “us” or “our” refer to Marchex, Inc. (“Marchex” or the “Company”) and its wholly-owned subsidiaries unless the context specifically states or implies otherwise.6 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-12.6%Operating margin3
-11.5%Net margin3
-5.6%Revenue growth, 20253
-17.4%Return on equity3
-$1.4MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue37¢$16.7M
  • Research and development21¢$9.7M
  • Other costs42¢$18.9M
  • Income tax0¢$79.0K

Out of $45.4M in revenue.3 The company lost money this year.

Financial statements

Revenue7891011123$45.4M in 2025−47% since 2018
0$25.0M$50.0M$75.0M$100.0M2018: $85.3M$85.3M20182019: $54.5M$54.5M2019−36%2020: $51.2M$51.2M2020−6%2021: $53.5M$53.5M2021+4%2022: $52.2M$52.2M2022−2%2023: $49.9M$49.9M2023−4%2024: $48.1M$48.1M2024−4%2025: $45.4M$45.4M2025−6%
Operating income7891011123-$5.7M in 2025+47% since 2018
-$60.0M-$40.0M-$20.0M02018: -$3.9M-$3.9M20182019: -$14.0M-$14.0M2019+259%2020: -$44.1M-$44.1M2020+216%2021: -$11.8M-$11.8M2021−73%2022: -$8.1M-$8.1M2022−31%2023: -$9.6M-$9.6M2023+18%2024: -$4.4M-$4.4M2024−54%2025: -$5.7M-$5.7M2025+29%
Net income7891011123-$5.2M in 2025+95% since 2018
-$40.0M-$30.0M-$20.0M-$10.0M02018: -$2.7M-$2.7M20182019: -$4.0M-$4.0M2019+51%2020: -$38.4M-$38.4M2020+851%2021: -$4.4M-$4.4M2021−89%2022: -$8.2M-$8.2M2022+88%2023: -$9.9M-$9.9M2023+20%2024: -$4.9M-$4.9M2024−50%2025: -$5.2M-$5.2M2025+6%

Every line of the income statement as filed: the last 2 fiscal years, latest first.3

Period ending2025-12-312024-12-31
Revenue$45.4M$48.1M
Cost of revenue$16.6M$17.2M
Amortization of capitalized software development costs$89.0K
Total cost of revenue$16.7M$17.2M
Sales and marketing$12.5M$12.1M
Product development$9.7M$12.4M
General and administrative$10.8M$10.2M
Acquisition settlement$1.4M
Amortization of intangible assets from acquisitions$602.0K
Total operating expenses$51.1M$52.6M
Loss from operations-$5.7M-$4.4M
Interest income (expense) and other, net$568.0K-$120.0K
Loss before income tax expense-$5.2M-$4.6M
Income tax expense$79.0K$380.0K
Net loss applicable to common stockholders-$5.2M-$4.9M
Basic net loss per Class A and B share applicable to common stockholders-$0.12-$0.11
Diluted net loss per Class A and B share applicable to common stockholders-$0.12-$0.11

Compare Marchex with another company

Corporate structure

Marchex sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Marchex

  • Marchex Seattle
    • 10. Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Marchex reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$5.9M3 Dec 31, 2025$4.8M3 Dec 31, 2024+22.1%
Accumulated depreciation$4.0M3 Dec 31, 2025$3.0M3 Dec 31, 2024+34.1%
Property and equipment, net$1.9M3 Dec 31, 2025$1.8M3 Dec 31, 2024+2.4%
Operating-lease assets (leased space)$668.0K3 Dec 31, 2025$1.2M3 Dec 31, 2024−42.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$9.9M3 Dec 31, 2025$12.8M3 Dec 31, 2024−22.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$17.6M3 Dec 31, 2025$17.6M3 Dec 31, 20240%
Finite-lived intangibles, gross$26.5M12 Dec 31, 2024$26.5M12 Dec 31, 20230%
Accumulated amortization$21.6M12 Dec 31, 2024$21.0M12 Dec 31, 2023+2.9%
Finite-lived intangibles, net$012 Dec 31, 2024$602.0K12 Dec 31, 2023−100.0%

Properties, in its own words

Our headquarters are located in Seattle, WA and consist of approximately 12,000 square feet of leased office space. See Item 1 of this Annual Report on Form 10-K under the caption “Information Technology and Systems.” We believe that our existing facilities are adequate for our near-term business needs.

Item 2 of the 10-K filed Mar 26, 2026.6

Leadership

Who has led Marchex, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Russell C. Horowitz2006–2015
  2. Peter Christothoulou2015–2016
  3. Ethan A. Caldwell2017
  4. Michael A. Arends2017–2023
  5. Edwin A. Miller2023–now

Chair

  1. Russell C. Horowitz2006–2015
  2. Clark M. Kokich2015–2016

President

  1. John Keister2006–2010
  2. Peter Christothoulou2011–2014
  3. Troy Hartless2025–now

Chief financial officer

  1. Michael A. Arends2006–2021
  2. Leila Kirske2021
  3. Holly A. Aglio2023
  4. Brian Nagle2025–now

Chief operating officer

  1. John Keister2006–2008
  2. Peter Christothoulou2009–2011
  3. Ryan Polley2021–2023
  4. Francis J. Feeney2025–now
20052010201520202025
Board members and other officers (24)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • 10. Delaware5

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Aug 12, 20268-K Results of operations55
  2. Jul 1, 20268-K Entered a material agreement; Completed an acquisition or sale; New debt or obligation56
  3. May 13, 20268-K Results of operations57
  4. May 12, 20268-K Entered a material agreement58
  5. May 1, 20268-K Entered a material agreement; Impairment59
  6. Apr 15, 20268-K Entered a material agreement60
  7. Mar 25, 20268-K Results of operations61
  8. Feb 18, 20268-K Entered a material agreement; Executive or director change62
  9. Jan 30, 20268-K Entered a material agreement; Executive or director change63
  10. Dec 17, 20258-K Entered a material agreement; Executive or director change; Shareholder vote64
  11. Nov 13, 20258-K Entered a material agreement; Results of operations65
  12. Oct 17, 20258-K Entered a material agreement; Executive or director change66
  13. Feb 6, 2023New chief executive Edwin A. Miller becomes CEO17
  14. Jun 16, 2017New chief executive Michael A. Arends becomes CEO19
  15. May 25, 2017New chief executive Ethan A. Caldwell becomes CEO18
  16. Jun 23, 2015New chief executive Peter Christothoulou becomes CEO20
  17. Feb 13, 2006New chief executive Russell C. Horowitz becomes CEO21
  18. Mar 31, 2004Went public Listed on NASDAQ1
  19. 2003Founded Founded1

Calendar

Coming up

  1. Nov 12, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.02) a share, on Nov 13, 2025.67

When it reported results

  1. Aug 12, 2026Reported quarterly or annual results55
  2. May 13, 2026Reported quarterly or annual results57
  3. Mar 25, 2026Reported quarterly or annual results61
  4. Nov 13, 2025Reported quarterly or annual results65
  5. Aug 12, 2025Reported quarterly or annual results68
  6. May 13, 2025Reported quarterly or annual results69
  7. Mar 6, 2025Reported quarterly or annual results70
  8. Oct 31, 2024Reported quarterly or annual results71

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

218 filings to the SEC since October 2021: 10 annual reports, 19 quarterly reports, 54 major events, 96 insider forms, 14 large holders, 25 other. The latest 20:

  1. Aug 13, 202610-Q EDGAR
  2. Aug 12, 20268-K EDGAR
  3. Jul 7, 2026SCHEDULE 13D EDGAR
  4. Jul 1, 20264 EDGAR
  5. Jul 1, 20264 EDGAR
  6. Jul 1, 20268-K EDGAR
  7. Jun 5, 2026DEFM14A PROXY STATEMENT EDGAR
  8. May 26, 2026PREM14A PROXY STATEMENT EDGAR
  9. May 14, 202610-Q EDGAR
  10. May 13, 20268-K EDGAR
  11. May 13, 2026DEFA14A EDGAR
  12. May 12, 2026DEFA14A EDGAR
  13. May 12, 20268-K EDGAR
  14. May 1, 20268-K EDGAR
  15. Apr 17, 202610-K/A EDGAR
  16. Apr 15, 20268-K EDGAR
  17. Apr 9, 2026S-8 EDGAR
  18. Mar 26, 202610-K EDGAR
  19. Mar 25, 20268-K EDGAR
  20. Mar 20, 20264 EDGAR

The 218 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

44 open-market trades by officers, directors and large owners since October 2021: 44 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 27, 2025EDENBROOK LONG ONLY VALUE FUND, LP10% ownerBuy2,316$1.69$3.9KForm 4
Mar 26, 2025EDENBROOK LONG ONLY VALUE FUND, LP10% ownerBuy30,962$1.71$52.9KForm 4
Mar 25, 2025EDENBROOK LONG ONLY VALUE FUND, LP10% ownerBuy69,197$1.75$121.1KForm 4
Nov 18, 2024Miller Edwin AChief Executive OfficerBuy4,980$1.73$8.6KForm 4
Nov 15, 2024Miller Edwin AChief Executive OfficerBuy807$1.70$1.4KForm 4
Nov 14, 2024Miller Edwin AChief Executive OfficerBuy100,000$1.73$173.0KForm 4
Nov 13, 2024Miller Edwin AChief Executive OfficerBuy5,571$1.76$9.8KForm 4
Aug 19, 2024Miller Edwin AChief Executive OfficerBuy1,452$2.06$3.0KForm 4
Aug 16, 2024Miller Edwin AChief Executive OfficerBuy550$2.04$1.1KForm 4
Aug 15, 2024Miller Edwin AChief Executive OfficerBuy5,335$2.04$10.9KForm 4
Jun 4, 2024Miller Edwin AChief Executive OfficerBuy200,000$1.36$272.0KForm 4
May 20, 2024Miller Edwin AChief Executive OfficerBuy620$1.35$835Form 4
May 17, 2024Miller Edwin AChief Executive OfficerBuy2,000$1.37$2.7KForm 4
May 16, 2024Miller Edwin AChief Executive OfficerBuy7,723$1.38$10.6KForm 4
May 15, 2024Miller Edwin AChief Executive OfficerBuy7,723$1.40$10.8KForm 4
Nov 10, 2023EDENBROOK LONG ONLY VALUE FUND, LP10% ownerBuy15,200$1.41$21.4KForm 4
Nov 9, 2023EDENBROOK LONG ONLY VALUE FUND, LP10% ownerBuy11,775$1.39$16.4KForm 4
Dec 8, 2022ARENDS MICHAEL AVice ChairmanBuy125$1.78$222Form 4
Dec 6, 2022ARENDS MICHAEL AVice ChairmanBuy125$1.67$209Form 4
Dec 1, 2022ARENDS MICHAEL AVice ChairmanBuy125$1.74$218Form 4

All 44 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2024Edwin Miller$425.0K$1.2M77
2024Troy Hartless55$375.0K$918.8K77
2024Russell Horowitz59$255.0K$349.0K77
2024Holly Aglio$330.0K77
2023Former CEO$386.4K$1.5M77
2023CRO$281.2K$881.8K77
2023Chairman$319.2K$537.4K77
2023Former CFO$57.3K$344.3K77

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 29. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Edenbrook Capital, LLC14,664,380$23.6M8.3%No change
Renaissance Technologies LLC1,576,464$2.5M0.0%−29,440
Kanen Wealth Management LLC1,300,388$2.2M0.5%No change
Vanguard Capital Management LLC1,079,881$1.7M0.0%−1,455
BlackRock, Inc.656,221$1.1M0.0%+16,226
Geode Capital Management, LLC400,627$645.2K0.0%−4,179
P.a.w. Capital Corp400,000$644.0K0.5%No change
Vanguard Fiduciary Trust Co203,633$327.8K0.0%+1,455
Arax Advisory Partners145,908$234.9K0.0%New
State Street Corp140,696$226.5K0.0%No change
Acuitas Investments, LLC102,734$167.5K11.7%−30,968
Northern Trust Corp70,345$113.3K0.0%−5,684
Dimensional Fund Advisors LP66,241$106.7K0.0%−35
Marathon Capital Management64,000$103.0K0.0%+2,500
Goldman Sachs Group Inc44,593$71.8K0.0%−2,835
Bridgeway Capital Management, LLC42,328$68.1K0.0%−14,500
Morgan Stanley33,136$53.3K0.0%No change
LPL Financial LLC31,190$50.2K0.0%No change
Charles Schwab Investment Management Inc24,313$39.1K0.0%No change
Citadel Advisors LLC17,360$27.9K0.0%+731
Vanguard Global Advisers, LLC11,241$18.1K0.0%No change
Independent Advisor Alliance10,000$16.1K0.0%No change
Tower Research Capital LLC (TRC)2,930$4.7K0.0%+839
Acadian Asset Management LLC185,448$2970.0%−26,171
Barclays PLC63$1010.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Marchex is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMARCHEX INC2
  • CIK0001224133
  • Employer ID (EIN)35-21940386
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company6
  • Incorporated inDelaware6
  • Fiscal year endsDecember 312
  • Industry code (SIC)7372 Services-Prepackaged Software2
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance2
  • Business address1448 Nw Market St, Suite 500, Seattle, WA 981072
  • Phone206-331-33002
  • Shares outstanding4,660,927 Common Class A shares; 39,249,271 Common Class B shares as of Mar 19, 20266
  • Public float$74.3M as of Jun 30, 20256
  • AuditorRSM US LLP, Los Angeles, California PCAOB ID 49; no auditor attestation of internal control over financial reporting6
  • On EDGAR sinceMar 20, 20032
  • Filings1,477 in all: 4 (691), 8-K (283), SC 13G/A (84), 10-Q (62), SC 13G (38), 3 (34), S-8 (26), SC 13D/A (26)2
    All 49 form types

    CT ORDER (25), DEF 14A (21), 10-K (20), UPLOAD (14), DEFA14A (13), 5 (12), 10-K/A (11), 8-K/A (11), EFFECT (11), CORRESP (9), S-3 (8), 10QSB (6), POS AM (6), 10-Q/A (5), S-3/A (5), SB-2/A (5), 4/A (4), 424B3 (4), SC 13D (4), SC TO-C (4), 424B4 (3), 424B5 (3), REGDEX (3), 10KSB (2), 144 (2), 8-A12G (2), ARS (2), DEFM14A (2), SB-2 (2), SC TO-I/A (2), SC TO-T/A (2), 25-NSE (1), 3/A (1), PRE 14A (1), PREM14A (1), REGDEX/A (1), RW (1), SB-2MEF (1), SC TO-I (1), SC TO-T (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (10-K) Mar 26, 2026
    Quarterly report (10-Q) Aug 13, 2026
    Proxy statement (DEF 14A) Nov 4, 2025
    Latest 8-K (8-K) Aug 12, 2026

Securities registered for trading

ClassSymbolExchange
Class B Common Stock, $0.01 par value per shareMCHXThe NASDAQ Stock Market LLC

From the cover page of the 10-K filed Mar 26, 2026 (Section 12(b) of the Exchange Act).6

Risk factors and legal proceedings

The risks Marchex names in Item 1A of its 10-K filed Mar 26, 2026: 33 risks under these headings, as written.6

  • FINANCIAL RISKS
  • We have largely incurred net losses since our inception, and we may incur net losses in the foreseeable future.
  • We received approximately 36% of our revenue from our five largest customers for the year ended December 31, 2025, and the loss of one or more of these customers could adversely impact our results of operations and financial condition.
  • Our large customers have substantial negotiating leverage, which may require that we agree to terms and conditions that may have an adverse effect on our business.
  • If some of our customers experience financial distress or suffer disruptions in their business, their weakened financial position could negatively affect our financial position and results.
  • We may need additional funding to meet our obligations and to pursue our business strategy. Additional funding may not be available to us and our financial condition could therefore be adversely affected.
  • Our quarterly results of operations might fluctuate due to seasonality, which could adversely affect our growth rate and in turn the market price of our securities.
  • If we fail to maintain an effective system of internal controls, we may not be able to accurately report our financial results or prevent fraud, which could harm our brand and operating results.
  • We may be required to pay additional income, sales, or other taxes.
  • STRATEGIC RISKS
  • The markets in which we operate are highly competitive and rapidly changing and we may be unable to compete successfully.
  • The conversational analytics and solutions market may develop more slowly than expected, which could harm our business.
The other 23 risks
  • The AI technology and features we develop and/or incorporate into our solutions include new and evolving technologies that may present both legal and business risks.
  • Our business strategy is evolving and may involve pursuing new lines of business or strategic transactions and investments, some of which may not be successful.
  • Our acquisitions could divert management’s attention, cause ownership dilution to our stockholders, cause our earnings to decrease and be difficult to integrate.
  • We may decide to dispose of assets or a business that may no longer help us meet our objectives.
  • OPERATIONAL RISKS
  • We depend on being able to secure enough phone numbers and associated telecommunication services to support our customers and other users of our services and any obstacles that we face which prevent us from meeting this demand could adversely affect our business.
  • Our technical systems are vulnerable to interruption and damage that may be costly and time-consuming to resolve and may harm our business and reputation.
  • Cybersecurity risks could adversely affect our business and disrupt our operations.
  • A failure of service by one or more third-party provider(s) of technology, telecommunication or other communication services, software or hardware that we rely on could adversely affect our business and reputation.
  • If our security measures, including those of our vendors or partners, are breached or are perceived as not being secure, we may lose customers and incur significant legal and financial exposure and suffer an adverse effect on our business.
  • LEGAL AND COMPLIANCE RISKS
  • We may not be able to protect our intellectual property rights, which could adversely affect our competitive position.
  • We may incur liabilities for the activities of our customers and other users of our services, which could adversely affect our business.
  • We may be subject to intellectual property claims, which could adversely affect our financial condition and ability to use certain critical technologies, divert our resources and management attention from our business operations and create uncertainty about ownership of technology essential to our business.
  • Federal, state, and foreign regulation of telecommunications and data privacy may adversely affect our business and operating results.
  • We may face risks related to litigation that could result in significant legal expenses and settlement or damage awards.
  • GENERAL RISKS
  • We are susceptible to general economic conditions, climate change, natural catastrophic events and public health crises, and any resulting negative impacts on our customers could adversely affect our operating results.
  • The loss of our senior management, including other key personnel, could harm our current and future operations and prospects.
  • We may have difficulty retaining current personnel as well as attracting and retaining additional qualified, experienced, highly skilled personnel, which could adversely affect the implementation of our business plan.
  • If we are unable to obtain and maintain adequate insurance, our financial condition could be adversely affected in the event of uninsured or inadequately insured loss or damage. Our ability to effectively recruit and retain qualified officers and directors may also be adversely affected if we experience difficulty in maintaining adequate directors’ and officers’ liability insurance.
  • It may be difficult for us to retain or attract qualified officers and directors, which could adversely affect our business and our ability to maintain the listing of our Class B common stock on the NASDAQ Stock Market.
  • Our Class B common stock prices have been and are likely to continue to be highly volatile.
  • If securities analysts do not continue to publish research or publish negative research about our business, our stock price and trading volume could decline.
  • Our founder controls the outcome of stockholder voting, and there may be an adverse effect on the price of our Class B common stock due to the disparate voting rights of our Class A and Class B common stock.
  • Anti-takeover provisions may limit the ability of another party to acquire us, which could cause our stock price to decline.

Legal proceedings

See Note 10: Commitments and Contingencies of the Notes to the Consolidated Financial Statements.

The opening of Item 3, Legal Proceedings.6

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
  65. 65
  66. 66
  67. 67
  68. 68
  69. 69
  70. 70
  71. 71
  72. 72
  73. 73
  74. 74
  75. 75
  76. 76
  77. 77