MGNI · Magnite, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $164.37M | - | $179.49M | $173.33M | $155.77M | - | $162.00M | $162.88M | $149.32M | - |
| Cost of Revenue | $60.41M | - | $69.36M | $64.95M | $62.80M | - | $62.54M | $62.61M | $65.90M | - |
| Gross Profit | $103.96M | - | $110.14M | $108.38M | $92.97M | - | $99.46M | $100.27M | $83.42M | - |
| R&D | $25.17M | - | $20.20M | $21.58M | $22.29M | - | $20.26M | $25.83M | $26.89M | - |
| SG&A | $24.98M | - | $24.55M | $22.51M | $23.94M | - | $24.49M | $22.63M | $26.66M | - |
| Total Operating Expenses | $156.65M | - | $154.45M | $151.37M | $157.13M | - | $146.88M | $153.31M | $163.15M | - |
| D&A | $14.37M | - | $6.50M | $5.80M | $15.60M | - | $4.00M | $3.60M | $13.57M | - |
| Operating Income | $7.72M | - | $25.04M | $21.96M | ($1.36M) | - | $15.12M | $9.57M | ($13.83M) | - |
| Interest Expense | $7.01M | - | $10.52M | $7.80M | $10.45M | - | $6.85M | $6.79M | - | - |
| Income Tax | ($681.0K) | - | $885.0K | $958.0K | ($853.0K) | - | $1.03M | $4.63M | ($7.81M) | - |
| Net Income | $4.41M | - | $20.06M | $11.14M | ($9.63M) | - | $5.21M | ($1.08M) | ($17.76M) | - |
| EPS - Basic | $0.03 | - | $0.14 | $0.08 | ($0.07) | - | $0.04 | ($0.01) | ($0.13) | - |
| EPS - Diluted | $0.03 | - | $0.13 | $0.08 | ($0.07) | - | $0.04 | ($0.01) | ($0.13) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $184.65M | $553.36M | $482.13M | $426.00M | $429.71M | $483.22M | $387.24M | $326.46M | $252.83M | $326.22M |
| Accounts Receivable | $1.43B | $1.30B | $1.22B | $1.30B | $1.05B | $1.20B | $1.16B | $1.12B | $999.85M | $1.18B |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $31.83M | $15.04M | $27.76M | $33.38M | $22.83M | $30.90M | $22.61M | $31.14M | $33.47M | $23.84M |
| Current Assets | $1.65B | $1.88B | $1.73B | $1.76B | $1.52B | $1.70B | $1.57B | $1.47B | $1.27B | $1.52B |
| Total Assets | $2.95B | $3.16B | $2.92B | $2.93B | $2.67B | $2.85B | $2.74B | $2.64B | $2.45B | $2.69B |
| Current Liabilities | $1.62B | $1.84B | $1.71B | $1.76B | $1.54B | $1.50B | $1.41B | $1.33B | $1.15B | $1.40B |
| Long-term Debt | $347.22M | $347.67M | $348.11M | $348.56M | $349.00M | $550.10M | $550.17M | $549.02M | $549.08M | $532.99M |
| Total Liabilities | $2.03B | $2.24B | $2.11B | $2.16B | $1.93B | $2.09B | $2.01B | $1.93B | $1.76B | $1.99B |
| Stockholders' Equity | $917.91M | $922.35M | $807.95M | $768.47M | $741.75M | $768.22M | $725.88M | $712.96M | $695.38M | $701.68M |
| Retained Earnings | ($512.15M) | ($516.56M) | ($639.61M) | ($659.67M) | ($670.81M) | ($661.17M) | ($697.58M) | ($702.79M) | ($701.72M) | ($683.96M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($120.77M) | - | - | - | $2.56M | - | - | - | ($60.41M) | - |
| Investing Cash Flow | ($13.12M) | - | - | - | ($17.20M) | - | - | - | ($9.25M) | - |
| Financing Cash Flow | ($235.08M) | - | - | - | ($39.45M) | - | - | - | ($3.10M) | - |
| CapEx | $9.40M | - | - | - | $14.38M | - | - | - | $5.87M | - |
| Free Cash Flow | ($130.17M) | - | - | - | ($11.82M) | - | - | - | ($66.28M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 63.2% | - | 61.4% | 62.5% | 59.7% | - | 61.4% | 61.6% | 55.9% | - |
| Operating margin | 4.7% | - | 14.0% | 12.7% | -0.9% | - | 9.3% | 5.9% | -9.3% | - |
| EBITDA margin | 13.4% | - | 17.6% | 16.0% | 9.1% | - | 11.8% | 8.1% | -0.2% | - |
| Net margin | 2.7% | - | 11.2% | 6.4% | -6.2% | - | 3.2% | -0.7% | -11.9% | - |
| Free cash flow margin | -79.2% | - | - | - | -7.6% | - | - | - | -44.4% | - |
| FCF / Net income | -29.50 | - | - | - | 1.23 | - | - | - | 3.73 | - |
| R&D / Revenue | 15.3% | - | 11.3% | 12.5% | 14.3% | - | 12.5% | 15.9% | 18.0% | - |
| SG&A / Revenue | 15.2% | - | 13.7% | 13.0% | 15.4% | - | 15.1% | 13.9% | 17.9% | - |
| Effective tax rate | -18.3% | - | 4.2% | 7.9% | - | - | 16.5% | 130.4% | - | - |
| Return on assets | 0.1% | - | 0.7% | 0.4% | -0.4% | - | 0.2% | -0.0% | -0.7% | - |
| Return on equity | 0.5% | - | 2.5% | 1.4% | -1.3% | - | 0.7% | -0.2% | -2.6% | - |
| Return on invested capital | 0.6% | - | 2.1% | 1.8% | -0.1% | - | 1.0% | 0.4% | -0.9% | - |
| Liquidity | ||||||||||
| Current ratio | 1.02 | 1.02 | 1.01 | 1.00 | 0.98 | 1.14 | 1.11 | 1.10 | 1.10 | 1.09 |
| Quick ratio | 1.02 | 1.02 | 1.01 | 1.00 | 0.98 | 1.14 | 1.11 | 1.10 | 1.10 | 1.09 |
| Cash ratio | 0.11 | 0.30 | 0.28 | 0.24 | 0.28 | 0.32 | 0.27 | 0.25 | 0.22 | 0.23 |
| Leverage | ||||||||||
| Debt / Equity | 0.38 | 0.38 | 0.43 | 0.45 | 0.47 | 0.72 | 0.76 | 0.77 | 0.79 | 0.76 |
| Debt / Assets | 0.12 | 0.11 | 0.12 | 0.12 | 0.13 | 0.19 | 0.20 | 0.21 | 0.22 | 0.20 |
| Debt / EBITDA | 15.72 | - | 11.04 | 12.56 | 24.51 | - | 28.77 | 41.67 | - | - |
| Interest coverage | 1.1x | - | 2.4x | 2.8x | -0.1x | - | 2.2x | 1.4x | - | - |
| Equity multiplier | 3.21 | 3.43 | 3.61 | 3.81 | 3.61 | 3.72 | 3.77 | 3.71 | 3.53 | 3.83 |
| Liabilities / Assets | 0.69 | 0.71 | 0.72 | 0.74 | 0.72 | 0.73 | 0.73 | 0.73 | 0.72 | 0.74 |
| Efficiency | ||||||||||
| Asset turnover | 0.06 | - | 0.06 | 0.06 | 0.06 | - | 0.06 | 0.06 | 0.06 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 3177d | - | 2472d | 2744d | 2468d | - | 2622d | 2515d | 2444d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 192d | - | 146d | 188d | 133d | - | 132d | 182d | 185d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 396.0x | - | 167.5x | 301.5x | - | - | 346.3x | - | - | - |
| P / B | 1.9x | - | 4.1x | 4.7x | 2.2x | - | 2.8x | 2.6x | 2.2x | - |
| P / S | 10.7x | - | 18.6x | 20.6x | 10.4x | - | 12.7x | 11.5x | 10.0x | - |
| EV / EBITDA | 87.0x | - | 101.5x | 126.0x | 108.0x | - | 116.2x | 158.7x | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 5.5% | - | 10.8% | 6.4% | 4.3% | - | 7.9% | 6.8% | 14.7% | - |
| Revenue CAGR (3y) | 8.1% | - | 7.2% | 8.0% | 9.7% | - | 7.1% | 12.5% | 35.0% | - |
| Revenue CAGR (5y) | 22.0% | - | 24.1% | 35.6% | 33.8% | - | 40.4% | 33.9% | 35.7% | - |
| Gross profit growth (YoY) | 11.8% | - | 10.7% | 8.1% | 11.5% | - | 27.0% | 348.3% | 1467.4% | - |
| Operating income growth (YoY) | - | - | 65.6% | 129.4% | 90.1% | - | - | - | 86.2% | - |
| Net income growth (YoY) | - | - | 284.7% | - | 45.7% | - | - | 98.5% | 82.0% | - |
| EPS growth (YoY) | - | - | 225.0% | - | 46.2% | - | - | 98.1% | 82.2% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -1001.6% | - | - | - | 82.2% | - | - | - | -87.8% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 23.7% | 20.1% | 11.3% | 7.8% | 6.7% | 9.5% | 11.3% | 9.3% | -1.4% | -11.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Geographic
$713.95M totalUS$537.73M · 75.3%
Non Us$176.22M · 24.7%
Peer comparison
Same SIC group: Services-Computer Programming, Data Processing, Etc.
Comparing MAGNITE against the 5 most active filers in the same SIC group.