Magnite Inc Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Magnite Inc has an operating margin of 7.6%, meaning the company retains $8 of operating profit per $100 of revenue. This results in a moderate score of 38/100, indicating healthy but not exceptional operating efficiency. This is up from -25.0% the prior year.
Magnite Inc's revenue grew 7.8% year-over-year to $668.2M, a solid pace of expansion. This earns a growth score of 51/100.
Magnite Inc carries a low D/E ratio of 0.72, meaning only $0.72 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 85/100, indicating a strong balance sheet with room for future borrowing.
Magnite Inc's current ratio of 1.14 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 26/100, which could limit financial flexibility.
Magnite Inc converts 30.3% of revenue into free cash flow ($202.4M). This strong cash generation earns a score of 100/100.
Magnite Inc generates a 3.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 12/100.
Magnite Inc scores 0.54, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.7B) relative to total liabilities ($2.1B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Magnite Inc passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Magnite Inc generates $10.32 in operating cash flow ($235.2M OCF vs $22.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Magnite Inc earns $1.3 in operating income for every $1 of interest expense ($51.1M vs $40.4M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
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).
Key Financial Metrics
Magnite Inc generated $668.2M in revenue in fiscal year 2024. This represents an increase of 7.8% from the prior year.
Magnite Inc's EBITDA was $109.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 27.7% from the prior year.
Magnite Inc generated $202.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 7.9% from the prior year.
Magnite Inc reported $22.8M in net income in fiscal year 2024. This represents an increase of 114.3% from the prior year.
Magnite Inc earned $0.16 per diluted share (EPS) in fiscal year 2024. This represents an increase of 113.7% from the prior year.
Magnite Inc held $483.2M in cash against $550.1M in long-term debt as of fiscal year 2024.
Magnite Inc had 141M shares outstanding in fiscal year 2024. This represents an increase of 2.1% from the prior year.
Magnite Inc's gross margin was 61.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 27.4 percentage points from the prior year.
Magnite Inc's operating margin was 7.6% in fiscal year 2024, reflecting core business profitability. This is up 32.7 percentage points from the prior year.
Magnite Inc's net profit margin was 3.4% in fiscal year 2024, showing the share of revenue converted to profit. This is up 29.1 percentage points from the prior year.
Magnite Inc's ROE was 3.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.
Magnite Inc invested $95.2M in research and development in fiscal year 2024. This represents an increase of 1.0% from the prior year.
Magnite Inc spent $14.6M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
Magnite Inc invested $32.8M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 22.6% from the prior year.
MGNI Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $179.5M+3.6% | $173.3M+11.3% | $155.8M-19.7% | $194.0M+19.1% | $162.9M+9.1% | $149.3M-20.1% | $186.9M+24.6% | $150.1M |
| Cost of Revenue | $69.4M+6.8% | $65.0M+3.4% | $62.8M-7.4% | $67.8M+8.3% | $62.6M-5.0% | $65.9M-5.9% | $70.0M-17.5% | $84.9M |
| Gross Profit | $110.1M+1.6% | $108.4M+16.6% | $93.0M-26.3% | $126.2M+25.8% | $100.3M+20.2% | $83.4M-28.6% | $116.9M+79.3% | $65.2M |
| R&D Expenses | $20.2M-6.4% | $21.6M-3.2% | $22.3M+0.1% | $22.3M-13.8% | $25.8M-3.9% | $26.9M+16.0% | $23.2M-1.5% | $23.5M |
| SG&A Expenses | $24.6M+9.0% | $22.5M-5.9% | $23.9M+3.7% | $23.1M+2.0% | $22.6M-15.1% | $26.7M+26.8% | $21.0M-1.2% | $21.3M |
| Operating Income | $25.0M+14.0% | $22.0M+1709.9% | -$1.4M-103.4% | $40.2M+320.1% | $9.6M+169.2% | -$13.8M-139.4% | $35.1M+296.9% | -$17.8M |
| Interest Expense | $7.9M+1.3% | $7.8M-7.4% | $8.4M-9.4% | $9.3M-8.6% | $10.2M-2.8% | $10.5M-70.6% | $35.5M+369.3% | $7.6M |
| Income Tax | $885K-7.6% | $958K+212.3% | -$853K-114.6% | $5.9M+26.5% | $4.6M+159.3% | -$7.8M-447.1% | $2.3M+332.7% | -$967K |
| Net Income | $20.1M+80.1% | $11.1M+215.6% | -$9.6M-126.5% | $36.4M+3477.3% | -$1.1M+93.9% | -$17.8M-157.4% | $30.9M+276.9% | -$17.5M |
| EPS (Diluted) | $0.13+62.5% | $0.08+214.3% | $-0.07-126.9% | $0.26+2700.0% | $-0.01+92.3% | $-0.13-156.5% | $0.23+276.9% | $-0.13 |
MGNI Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.9B-0.2% | $2.9B+9.4% | $2.7B-6.3% | $2.9B+8.0% | $2.6B+7.7% | $2.5B-8.7% | $2.7B+10.0% | $2.4B |
| Current Assets | $1.7B-1.8% | $1.8B+15.9% | $1.5B-11.0% | $1.7B+16.0% | $1.5B+15.3% | $1.3B-16.4% | $1.5B+20.0% | $1.3B |
| Cash & Equivalents | $482.1M+13.2% | $426.0M-0.9% | $429.7M-11.1% | $483.2M+48.0% | $326.5M+29.1% | $252.8M-22.5% | $326.2M+5.1% | $310.5M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $1.2B-6.7% | $1.3B+23.7% | $1.1B-12.2% | $1.2B+6.9% | $1.1B+12.3% | $999.8M-15.0% | $1.2B+25.5% | $937.2M |
| Goodwill | $983.9M+0.6% | $978.2M0.0% | $978.2M0.0% | $978.2M0.0% | $978.2M0.0% | $978.2M0.0% | $978.2M0.0% | $978.2M |
| Total Liabilities | $2.1B-2.1% | $2.2B+11.7% | $1.9B-7.4% | $2.1B+8.1% | $1.9B+9.8% | $1.8B-11.5% | $2.0B+10.8% | $1.8B |
| Current Liabilities | $1.7B-2.9% | $1.8B+14.7% | $1.5B+2.8% | $1.5B+12.6% | $1.3B+15.1% | $1.2B-17.6% | $1.4B+24.0% | $1.1B |
| Long-Term Debt | $348.1M-0.1% | $348.6M-0.1% | $349.0M-36.6% | $550.1M+0.2% | $549.0M0.0% | $549.1M+3.0% | $533.0M-11.4% | $601.6M |
| Total Equity | $808.0M+5.1% | $768.5M+3.6% | $741.8M-3.4% | $768.2M+7.8% | $713.0M+2.5% | $695.4M-0.9% | $701.7M+7.6% | $652.1M |
| Retained Earnings | -$639.6M+3.0% | -$659.7M+1.7% | -$670.8M-1.5% | -$661.2M+5.9% | -$702.8M-0.2% | -$701.7M-2.6% | -$684.0M+4.3% | -$714.9M |
MGNI Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $86.6M+367.5% | $18.5M+623.5% | $2.6M-97.8% | $114.7M+28.1% | $89.6M+248.3% | -$60.4M-167.8% | $89.1M+8.6% | $82.1M |
| Capital Expenditures | $18.2M+45.8% | $12.5M-13.0% | $14.4M+285.6% | $3.7M-59.3% | $9.2M+56.1% | $5.9M-39.0% | $9.6M+118.5% | $4.4M |
| Free Cash Flow | $68.4M+1037.0% | $6.0M+150.9% | -$11.8M-110.6% | $111.0M+38.0% | $80.4M+221.3% | -$66.3M-183.4% | $79.5M+2.3% | $77.7M |
| Investing Cash Flow | -$30.5M-89.9% | -$16.1M+6.6% | -$17.2M-151.7% | -$6.8M+48.6% | -$13.3M-43.8% | -$9.3M+23.2% | -$12.0M-77.0% | -$6.8M |
| Financing Cash Flow | $345K+104.3% | -$7.9M+79.9% | -$39.5M-317.2% | -$9.5M-271.6% | -$2.5M+17.9% | -$3.1M+95.0% | -$62.2M-102.8% | -$30.6M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0-100.0% | $3.7M-81.0% | $19.2M+245.4% | $5.6M | $0 | $0 | $0 | $0 |
MGNI Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 61.4%-1.2pp | 62.5%+2.8pp | 59.7%-5.4pp | 65.0%+3.5pp | 61.6%+5.7pp | 55.9%-6.7pp | 62.5%+19.1pp | 43.5% |
| Operating Margin | 14.0%+1.3pp | 12.7%+13.6pp | -0.9%-21.6pp | 20.7%+14.9pp | 5.9%+15.1pp | -9.3%-28.1pp | 18.8%+30.7pp | -11.9% |
| Net Margin | 11.2%+4.7pp | 6.4%+12.6pp | -6.2%-24.9pp | 18.8%+19.4pp | -0.7%+11.2pp | -11.9%-28.4pp | 16.5%+28.2pp | -11.6% |
| Return on Equity | 2.5%+1.0pp | 1.5% | N/A | 4.7% | N/A | N/A | 4.4% | N/A |
| Return on Assets | 0.7%+0.3pp | 0.4%+0.7pp | -0.4%-1.6pp | 1.3%+1.3pp | -0.0%+0.7pp | -0.7%-1.9pp | 1.1%+1.9pp | -0.7% |
| Current Ratio | 1.01+0.0 | 1.00+0.0 | 0.98-0.2 | 1.14+0.0 | 1.100.0 | 1.10+0.0 | 1.09-0.0 | 1.12 |
| Debt-to-Equity | 0.43-0.0 | 0.45-0.0 | 0.47-0.2 | 0.72-0.1 | 0.77-0.0 | 0.79+0.0 | 0.76-0.2 | 0.92 |
| FCF Margin | 38.1%+34.6pp | 3.5%+11.1pp | -7.6%-64.8pp | 57.2%+7.9pp | 49.4%+93.8pp | -44.4%-86.9pp | 42.5%-9.2pp | 51.7% |
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Frequently Asked Questions
What is Magnite Inc's annual revenue?
Magnite Inc (MGNI) reported $668.2M in total revenue for fiscal year 2024. This represents a 7.8% 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 7.8% year-over-year, from $619.7M to $668.2M in fiscal year 2024.
Is Magnite Inc profitable?
Yes, Magnite Inc (MGNI) reported a net income of $22.8M in fiscal year 2024, with a net profit margin of 3.4%.
What is Magnite Inc's earnings per share (EPS)?
Magnite Inc (MGNI) reported diluted earnings per share of $0.16 for fiscal year 2024. This represents a 113.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Magnite Inc's EBITDA?
Magnite Inc (MGNI) had EBITDA of $109.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Magnite Inc have?
As of fiscal year 2024, Magnite Inc (MGNI) had $483.2M in cash and equivalents against $550.1M in long-term debt.
What is Magnite Inc's gross margin?
Magnite Inc (MGNI) had a gross margin of 61.3% in fiscal year 2024, 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 7.6% in fiscal year 2024, 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 3.4% in fiscal year 2024, 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 3.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Magnite Inc's free cash flow?
Magnite Inc (MGNI) generated $202.4M in free cash flow during fiscal year 2024. This represents a 7.9% 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 $235.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Magnite Inc's total assets?
Magnite Inc (MGNI) had $2.9B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Magnite Inc's capital expenditures?
Magnite Inc (MGNI) invested $32.8M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Magnite Inc spend on research and development?
Magnite Inc (MGNI) invested $95.2M in research and development during fiscal year 2024.
Does Magnite Inc buy back shares?
Yes, Magnite Inc (MGNI) spent $14.6M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Magnite Inc have outstanding?
Magnite Inc (MGNI) had 141M shares outstanding as of fiscal year 2024.
What is Magnite Inc's current ratio?
Magnite Inc (MGNI) had a current ratio of 1.14 as of fiscal year 2024, which is considered adequate.
What is Magnite Inc's debt-to-equity ratio?
Magnite Inc (MGNI) had a debt-to-equity ratio of 0.72 as of fiscal year 2024, 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 0.8% for fiscal year 2024, 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 0.54, 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 8 out of 9, indicating strong 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 10.32x, 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 1.3x, meaning it can struggle to 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 52 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.