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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $713.95M | $668.17M | $619.71M | $577.07M | $468.41M | $221.63M |
| Cost of Revenue | $266.62M | $258.84M | $201.66M | $307.17M | $201.66M | $77.75M |
| Gross Profit | $447.33M | $409.33M | $418.05M | $269.90M | $266.75M | $143.88M |
| R&D | $84.71M | $95.24M | $94.32M | $93.76M | $74.45M | $51.55M |
| SG&A | $93.19M | $96.86M | $89.05M | $81.38M | $64.79M | $52.99M |
| Total Operating Expenses | $616.35M | $617.08M | $774.72M | $689.85M | $549.48M | $275.86M |
| D&A | $53.67M | $58.51M | $240.82M | $216.05M | $146.89M | $49.25M |
| Operating Income | $97.60M | $51.09M | ($155.01M) | ($112.78M) | ($81.07M) | ($54.23M) |
| Interest Expense | $31.65M | $40.43M | - | - | - | - |
| Income Tax | ($73.99M) | $3.70M | $1.64M | ($5.27M) | ($95.05M) | $693.0K |
| Net Income | $144.61M | $22.79M | ($159.18M) | ($130.32M) | $65.0K | ($53.43M) |
| EPS - Basic | $1.01 | $0.16 | ($1.17) | ($0.98) | ($0.55) | - |
| EPS - Diluted | $0.95 | $0.16 | ($1.17) | ($0.98) | ($0.55) | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $553.36M | $483.22M | $326.22M | $326.25M | $230.40M | $117.68M |
| Accounts Receivable | $1.30B | $1.20B | $1.18B | $976.51M | $927.78M | $471.67M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $15.04M | $30.90M | $23.84M | $19.39M | $11.90M | $4.27M |
| Current Assets | $1.88B | $1.70B | $1.52B | $1.33B | $1.18B | $607.07M |
| Total Assets | $3.16B | $2.85B | $2.69B | $2.71B | $2.71B | $938.96M |
| Current Liabilities | $1.84B | $1.50B | $1.40B | $1.13B | $1.03B | $522.20M |
| Long-term Debt | $347.67M | $550.10M | $532.99M | $722.76M | $720.02M | - |
| Total Liabilities | $2.24B | $2.09B | $1.99B | $1.92B | $1.83B | $557.35M |
| Stockholders' Equity | $922.35M | $768.22M | $701.68M | $791.30M | $880.76M | $381.61M |
| Retained Earnings | ($516.56M) | ($661.17M) | ($683.96M) | ($524.77M) | ($394.45M) | ($394.52M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $236.17M | $235.20M | $214.37M | $192.55M | $126.59M | ($12.06M) |
| Investing Cash Flow | ($92.77M) | ($47.50M) | ($37.38M) | ($65.15M) | ($691.00M) | $32.64M |
| Financing Cash Flow | ($75.08M) | ($28.90M) | ($177.84M) | ($30.17M) | $678.05M | $7.35M |
| CapEx | $70.53M | $32.81M | $26.76M | $30.82M | $17.70M | $14.29M |
| Free Cash Flow | $165.63M | $202.39M | $187.60M | $161.74M | $108.89M | ($26.36M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 62.7% | 61.3% | 67.5% | 46.8% | 56.9% | 64.9% |
| Operating margin | 13.7% | 7.6% | -25.0% | -19.5% | -17.3% | -24.5% |
| EBITDA margin | 21.2% | 16.4% | 13.8% | 17.9% | 14.1% | -2.2% |
| Net margin | 20.3% | 3.4% | -25.7% | -22.6% | 0.0% | -24.1% |
| Free cash flow margin | 23.2% | 30.3% | 30.3% | 28.0% | 23.2% | -11.9% |
| FCF / Net income | 1.15 | 8.88 | -1.18 | -1.24 | 1675.26 | 0.49 |
| R&D / Revenue | 11.9% | 14.3% | 15.2% | 16.2% | 15.9% | 23.3% |
| SG&A / Revenue | 13.1% | 14.5% | 14.4% | 14.1% | 13.8% | 23.9% |
| Effective tax rate | -104.8% | 14.0% | - | - | - | - |
| Return on assets | 4.6% | 0.8% | -5.9% | -4.8% | 0.0% | -5.7% |
| Return on equity | 15.7% | 3.0% | -22.7% | -16.5% | 0.0% | -14.0% |
| Return on invested capital | 7.7% | 3.3% | -9.9% | -5.9% | -4.0% | - |
| Liquidity | ||||||
| Current ratio | 1.02 | 1.14 | 1.09 | 1.18 | 1.14 | 1.16 |
| Quick ratio | 1.02 | 1.14 | 1.09 | 1.18 | 1.14 | 1.16 |
| Cash ratio | 0.30 | 0.32 | 0.23 | 0.29 | 0.22 | 0.23 |
| Leverage | ||||||
| Debt / Equity | 0.38 | 0.72 | 0.76 | 0.91 | 0.82 | - |
| Debt / Assets | 0.11 | 0.19 | 0.20 | 0.27 | 0.27 | - |
| Debt / EBITDA | 2.30 | 5.02 | 6.21 | 7.00 | 10.94 | - |
| Interest coverage | 3.1x | 1.3x | - | - | - | - |
| Equity multiplier | 3.43 | 3.72 | 3.83 | 3.43 | 3.08 | 2.46 |
| Liabilities / Assets | 0.71 | 0.73 | 0.74 | 0.71 | 0.68 | 0.59 |
| Efficiency | ||||||
| Asset turnover | 0.23 | 0.23 | 0.23 | 0.21 | 0.17 | 0.24 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 666d | 656d | 693d | 618d | 723d | 777d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 21d | 44d | 43d | 23d | 22d | 20d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 17.1x | 99.5x | - | - | - | - |
| P / B | 2.7x | 3.0x | 1.8x | 1.8x | 2.7x | 7.8x |
| P / S | 3.5x | 3.5x | 2.1x | 2.4x | 5.1x | 13.4x |
| EV / EBITDA | 15.1x | 21.9x | 17.3x | 17.5x | 43.7x | - |
| Growth | ||||||
| Revenue growth (YoY) | 6.9% | 7.8% | 7.4% | 23.2% | 111.4% | 41.7% |
| Revenue CAGR (3y) | 7.4% | 12.6% | 40.9% | 54.5% | - | 12.5% |
| Revenue CAGR (5y) | 26.4% | 33.7% | - | 30.0% | 11.0% | -2.3% |
| Gross profit growth (YoY) | 9.3% | -2.1% | 54.9% | 1.2% | 85.4% | 45.3% |
| Operating income growth (YoY) | 91.0% | - | -37.4% | -39.1% | -49.5% | -96.6% |
| Net income growth (YoY) | 534.7% | - | -22.1% | - | - | -109.7% |
| EPS growth (YoY) | 493.7% | - | -19.4% | -78.2% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | 39.8% | - | - | - | - |
| FCF growth (YoY) | -18.2% | 7.9% | 16.0% | 48.5% | - | - |
| FCF CAGR (5y) | - | 58.0% | - | - | 24.3% | - |
| Book value growth (YoY) | 20.1% | 9.5% | -11.3% | -10.2% | 130.8% | 240.9% |
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%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
0.36
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Services-Computer Programming, Data Processing, Etc.
Comparing MAGNITE against the 5 most active filers in the same SIC group.