This page shows Magnite Inc (MGNI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Magnite Inc has an operating margin of 13.7%, meaning the company retains $14 of operating profit per $100 of revenue. This results in a moderate score of 53/100, indicating healthy but not exceptional operating efficiency. This is up from 7.6% the prior year.
Magnite Inc's revenue grew 6.9% year-over-year to $714.0M, a solid pace of expansion. This earns a growth score of 45/100.
Magnite Inc carries a low D/E ratio of 0.38, meaning only $0.38 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 94/100, indicating a strong balance sheet with room for future borrowing.
Magnite Inc's current ratio of 1.02 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 15/100, which could limit financial flexibility.
Magnite Inc converts 23.2% of revenue into free cash flow ($165.6M). This strong cash generation earns a score of 83/100.
Magnite Inc's ROE of 15.7% shows moderate profitability relative to equity, earning a score of 46/100. This is up from 3.0% the prior year.
Magnite Inc scores 0.57, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.7B) relative to total liabilities ($2.2B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Magnite Inc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Magnite Inc generates $1.63 in operating cash flow ($236.2M OCF vs $144.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Magnite Inc earns $3.1 in operating income for every $1 of interest expense ($97.6M vs $31.6M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Magnite Inc generated $714.0M in revenue in fiscal year 2025. This represents an increase of 6.9% from the prior year.
Magnite Inc's EBITDA was $151.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 38.0% from the prior year.
Magnite Inc reported $144.6M in net income in fiscal year 2025. This represents an increase of 534.7% from the prior year.
Magnite Inc earned $0.95 per diluted share (EPS) in fiscal year 2025. This represents an increase of 493.7% from the prior year.
Cash & Balance Sheet
Magnite Inc generated $165.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 18.2% from the prior year.
Magnite Inc held $553.4M in cash against $347.7M in long-term debt as of fiscal year 2025.
Magnite Inc had 143M shares outstanding in fiscal year 2025. This represents an increase of 1.1% from the prior year.
Margins & Returns
Magnite Inc's gross margin was 62.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.4 percentage points from the prior year.
Magnite Inc's operating margin was 13.7% in fiscal year 2025, reflecting core business profitability. This is up 6.0 percentage points from the prior year.
Magnite Inc's net profit margin was 20.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 16.9 percentage points from the prior year.
Magnite Inc's ROE was 15.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 12.7 percentage points from the prior year.
Capital Allocation
Magnite Inc invested $84.7M in research and development in fiscal year 2025. This represents a decrease of 11.1% from the prior year.
Magnite Inc spent $46.3M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 217.6% from the prior year.
Magnite Inc invested $70.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 115.0% from the prior year.
MGNI Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $205.4M+14.4% | $179.5M+3.6% | $173.3M+11.3% | $155.8M-19.7% | $194.0M+19.7% | $162.0M-0.5% | $162.9M+9.1% | $149.3M |
| Cost of Revenue | $69.5M+0.2% | $69.4M+6.8% | $65.0M+3.4% | $62.8M-7.4% | $67.8M+8.4% | $62.5M-0.1% | $62.6M-5.0% | $65.9M |
| Gross Profit | $135.8M+23.3% | $110.1M+1.6% | $108.4M+16.6% | $93.0M-26.3% | $126.2M+26.9% | $99.5M-0.8% | $100.3M+20.2% | $83.4M |
| R&D Expenses | $20.6M+2.2% | $20.2M-6.4% | $21.6M-3.2% | $22.3M+0.1% | $22.3M+9.9% | $20.3M-21.6% | $25.8M-3.9% | $26.9M |
| SG&A Expenses | $22.2M-9.6% | $24.6M+9.0% | $22.5M-5.9% | $23.9M+3.7% | $23.1M-5.8% | $24.5M+8.2% | $22.6M-15.1% | $26.7M |
| Operating Income | $52.0M+107.5% | $25.0M+14.0% | $22.0M+1709.9% | -$1.4M-103.4% | $40.2M+165.9% | $15.1M+58.0% | $9.6M+169.2% | -$13.8M |
| Interest Expense | $7.5M-4.7% | $7.9M+1.3% | $7.8M-7.4% | $8.4M-9.4% | $9.3M-11.7% | $10.5M+3.5% | $10.2M-2.8% | $10.5M |
| Income Tax | -$75.0M-8571.9% | $885K-7.6% | $958K+212.3% | -$853K-114.6% | $5.9M+468.6% | $1.0M-77.8% | $4.6M+159.3% | -$7.8M |
| Net Income | $123.0M+513.5% | $20.1M+80.1% | $11.1M+215.6% | -$9.6M-126.5% | $36.4M+598.3% | $5.2M+583.7% | -$1.1M+93.9% | -$17.8M |
| EPS (Diluted) | N/A | $0.13+62.5% | $0.08+214.3% | $-0.07 | N/A | $0.04+500.0% | $-0.01+92.3% | $-0.13 |
MGNI Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.2B+8.3% | $2.9B-0.2% | $2.9B+9.4% | $2.7B-6.3% | $2.9B+4.3% | $2.7B+3.6% | $2.6B+7.7% | $2.5B |
| Current Assets | $1.9B+9.0% | $1.7B-1.8% | $1.8B+15.9% | $1.5B-11.0% | $1.7B+8.3% | $1.6B+7.2% | $1.5B+15.3% | $1.3B |
| Cash & Equivalents | $553.4M+14.8% | $482.1M+13.2% | $426.0M-0.9% | $429.7M-11.1% | $483.2M+24.8% | $387.2M+18.6% | $326.5M+29.1% | $252.8M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $1.3B+7.1% | $1.2B-6.7% | $1.3B+23.7% | $1.1B-12.2% | $1.2B+3.1% | $1.2B+3.7% | $1.1B+12.3% | $999.8M |
| Goodwill | $983.9M0.0% | $983.9M+0.6% | $978.2M0.0% | $978.2M0.0% | $978.2M0.0% | $978.2M0.0% | $978.2M0.0% | $978.2M |
| Total Liabilities | $2.2B+6.1% | $2.1B-2.1% | $2.2B+11.7% | $1.9B-7.4% | $2.1B+3.7% | $2.0B+4.2% | $1.9B+9.8% | $1.8B |
| Current Liabilities | $1.8B+7.5% | $1.7B-2.9% | $1.8B+14.7% | $1.5B+2.8% | $1.5B+5.8% | $1.4B+6.4% | $1.3B+15.1% | $1.2B |
| Long-Term Debt | $347.7M-0.1% | $348.1M-0.1% | $348.6M-0.1% | $349.0M-36.6% | $550.1M0.0% | $550.2M+0.2% | $549.0M0.0% | $549.1M |
| Total Equity | $922.4M+14.2% | $808.0M+5.1% | $768.5M+3.6% | $741.8M-3.4% | $768.2M+5.8% | $725.9M+1.8% | $713.0M+2.5% | $695.4M |
| Retained Earnings | -$516.6M+19.2% | -$639.6M+3.0% | -$659.7M+1.7% | -$670.8M-1.5% | -$661.2M+5.2% | -$697.6M+0.7% | -$702.8M-0.2% | -$701.7M |
MGNI Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $128.5M+48.3% | $86.6M+367.5% | $18.5M+623.5% | $2.6M-97.8% | $114.7M+25.6% | $91.3M+2.0% | $89.6M+248.3% | -$60.4M |
| Capital Expenditures | $25.4M+39.3% | $18.2M+45.8% | $12.5M-13.0% | $14.4M+285.6% | $3.7M-73.5% | $14.0M+53.2% | $9.2M+56.1% | $5.9M |
| Free Cash Flow | $103.1M+50.7% | $68.4M+1037.0% | $6.0M+150.9% | -$11.8M-110.6% | $111.0M+43.5% | $77.3M-3.8% | $80.4M+221.3% | -$66.3M |
| Investing Cash Flow | -$29.0M+4.8% | -$30.5M-89.9% | -$16.1M+6.6% | -$17.2M-151.7% | -$6.8M+62.3% | -$18.1M-36.1% | -$13.3M-43.8% | -$9.3M |
| Financing Cash Flow | -$28.0M-8228.7% | $345K+104.3% | -$7.9M+79.9% | -$39.5M-317.2% | -$9.5M+31.5% | -$13.8M-442.3% | -$2.5M+17.9% | -$3.1M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $23.4M | $0-100.0% | $3.7M-81.0% | $19.2M+245.4% | $5.6M-38.2% | $9.0M | $0 | $0 |
MGNI Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 66.1%+4.8pp | 61.4%-1.2pp | 62.5%+2.8pp | 59.7%-5.4pp | 65.0%+3.7pp | 61.4%-0.2pp | 61.6%+5.7pp | 55.9% |
| Operating Margin | 25.3%+11.3pp | 14.0%+1.3pp | 12.7%+13.6pp | -0.9%-21.6pp | 20.7%+11.4pp | 9.3%+3.5pp | 5.9%+15.1pp | -9.3% |
| Net Margin | 59.9%+48.7pp | 11.2%+4.7pp | 6.4%+12.6pp | -6.2%-24.9pp | 18.8%+15.6pp | 3.2%+3.9pp | -0.7%+11.2pp | -11.9% |
| Return on Equity | 13.3%+10.9pp | 2.5%+1.0pp | 1.5%+2.8pp | -1.3%-6.0pp | 4.7%+4.0pp | 0.7%+0.9pp | -0.1%+2.4pp | -2.5% |
| Return on Assets | 3.9%+3.2pp | 0.7%+0.3pp | 0.4%+0.7pp | -0.4%-1.6pp | 1.3%+1.1pp | 0.2%+0.2pp | -0.0%+0.7pp | -0.7% |
| Current Ratio | 1.02+0.0 | 1.01+0.0 | 1.00+0.0 | 0.98-0.2 | 1.14+0.0 | 1.110.0 | 1.100.0 | 1.10 |
| Debt-to-Equity | 0.38-0.1 | 0.43-0.0 | 0.45-0.0 | 0.47-0.2 | 0.72-0.0 | 0.76-0.0 | 0.77-0.0 | 0.79 |
| FCF Margin | 50.2%+12.1pp | 38.1%+34.6pp | 3.5%+11.1pp | -7.6%-64.8pp | 57.2%+9.5pp | 47.7%-1.6pp | 49.4%+93.8pp | -44.4% |
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Frequently Asked Questions
What is Magnite Inc's annual revenue?
Magnite Inc (MGNI) reported $714.0M in total revenue for fiscal year 2025. This represents a 6.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Magnite Inc's revenue growing?
Magnite Inc (MGNI) revenue grew by 6.9% year-over-year, from $668.2M to $714.0M in fiscal year 2025.
Is Magnite Inc profitable?
Yes, Magnite Inc (MGNI) reported a net income of $144.6M in fiscal year 2025, with a net profit margin of 20.3%.
What is Magnite Inc's EBITDA?
Magnite Inc (MGNI) had EBITDA of $151.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Magnite Inc have?
As of fiscal year 2025, Magnite Inc (MGNI) had $553.4M in cash and equivalents against $347.7M in long-term debt.
What is Magnite Inc's gross margin?
Magnite Inc (MGNI) had a gross margin of 62.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Magnite Inc's operating margin?
Magnite Inc (MGNI) had an operating margin of 13.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Magnite Inc's net profit margin?
Magnite Inc (MGNI) had a net profit margin of 20.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Magnite Inc's return on equity (ROE)?
Magnite Inc (MGNI) has a return on equity of 15.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Magnite Inc's free cash flow?
Magnite Inc (MGNI) generated $165.6M in free cash flow during fiscal year 2025. This represents a -18.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Magnite Inc's operating cash flow?
Magnite Inc (MGNI) generated $236.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Magnite Inc's total assets?
Magnite Inc (MGNI) had $3.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Magnite Inc's capital expenditures?
Magnite Inc (MGNI) invested $70.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Magnite Inc spend on research and development?
Magnite Inc (MGNI) invested $84.7M in research and development during fiscal year 2025.
What is Magnite Inc's current ratio?
Magnite Inc (MGNI) had a current ratio of 1.02 as of fiscal year 2025, which is considered adequate.
What is Magnite Inc's debt-to-equity ratio?
Magnite Inc (MGNI) had a debt-to-equity ratio of 0.38 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Magnite Inc's return on assets (ROA)?
Magnite Inc (MGNI) had a return on assets of 4.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Magnite Inc's Altman Z-Score?
Magnite Inc (MGNI) has an Altman Z-Score of 0.57, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Magnite Inc's Piotroski F-Score?
Magnite Inc (MGNI) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Magnite Inc's earnings high quality?
Magnite Inc (MGNI) has an earnings quality ratio of 1.63x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Magnite Inc cover its interest payments?
Magnite Inc (MGNI) has an interest coverage ratio of 3.1x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Magnite Inc?
Magnite Inc (MGNI) scores 56 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.