Magnite, Inc. (MGNI) 10-Year Financial Performance & Capital Metrics

MGNI • • Industrial / General

Communication ServicesAdvertising & MarketingDigital Advertising PlatformsProgrammatic Advertising Platforms

AboutMagnite, Inc. operates an independent sell-side advertising platform in the United States and internationally. The company's platform offers applications and services for sellers of digital advertising inventory or publishers that own and operate CTV channels, applications, websites, and other digital media properties, to manage and monetize their inventory; and provides applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory. It markets its technology solutions to buyers and sellers through a sales teams that operate from various locations. The company was formerly known as The Rubicon Project, Inc. and changed name to Magnite, Inc. in July 2020. Magnite, Inc. was incorporated in 2007 and is headquartered in New York, New York.Show more

Revenue $668M +7.8%
EBITDA $110M +27.7%
Net Income $23M +114.3%
EPS (Diluted) 0.16 +113.7%
Gross Margin 61.26% +81.0%
EBITDA Margin 16.4% +18.5%
Operating Margin 7.65% +130.6%
Net Margin 3.41% +113.3%
ROE 3.1% +114.5%
ROIC 4.08% +139.7%
Debt/Equity 0.79 -8.3%
Interest Coverage 1.89 +139.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 8/9
✓FCF machine: 30.3% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 33.7%

✗Weaknesses

✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y18.22%

5Y33.7%

3Y12.57%

TTM6.27%

Profit (Net Income) CAGR

10Y-

5Y-

3Y605.1%

TTM235.22%

EPS CAGR

10Y-

5Y-

3Y583.99%

TTM219.51%

ROCE

10Y Avg-18.66%

5Y Avg-8.29%

3Y Avg-4.61%

Latest3.86%

Peer Comparison

Programmatic Advertising Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MGNIMagnite, Inc.	2.14B	14.90	93.13	7.82%	8.25%	7.17%	9.46%	0.79
CRTOCriteo S.A.	1.05B	20.49	10.78	-0.83%	8.71%	14.55%	17.18%	0.10
NEXNNexxen International Ltd.	347.81M	6.14	6.02	10.09%	10.46%	8.36%	36.6%	0.07
DRCTDirect Digital Holdings, Inc.	2.12M	1.69	-1.02	-60.35%	-26.76%
MNTNMNTN Inc.	494.51M	11.18	-26	27.95%	-16.47%	-16.84%	6.59%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	248.48M	278.22M	155.54M	124.69M	156.41M	221.63M	468.41M	577.07M	619.71M	668.17M
Revenue Growth %	0.98%	0.12%	-0.44%	-0.2%	0.25%	0.42%	1.11%	0.23%	0.07%	0.08%
Cost of Goods Sold+	58.49M	73.25M	56.84M	60M	57.39M	77.75M	201.66M	307.17M	409.91M	258.84M
COGS % of Revenue	0.24%	0.26%	0.37%	0.48%	0.37%	0.35%	0.43%	0.53%	0.66%	0.39%
Gross Profit+	189.99M	204.97M	98.71M	64.68M	99.02M	143.88M	266.75M	269.9M	209.8M	409.33M
Gross Margin %	0.76%	0.74%	0.63%	0.52%	0.63%	0.65%	0.57%	0.47%	0.34%	0.61%
Gross Profit Growth %	0.82%	0.08%	-0.52%	-0.34%	0.53%	0.45%	0.85%	0.01%	-0.22%	0.95%
Operating Expenses+	195.59M	203.08M	154.89M	124.85M	126.61M	198.12M	347.82M	382.69M	364.81M	358.25M
OpEx % of Revenue	0.79%	0.73%	1%	1%	0.81%	0.89%	0.74%	0.66%	0.59%	0.54%
Selling, General & Admin	153.53M	151.9M	107.39M	86.99M	84.31M	129.02M	235.19M	281.46M	263.03M	263M
SG&A % of Revenue	0.62%	0.55%	0.69%	0.7%	0.54%	0.58%	0.5%	0.49%	0.42%	0.39%
Research & Development	42.05M	51.18M	47.5M	37.86M	40.25M	51.55M	74.45M	93.76M	94.32M	95.24M
R&D % of Revenue	0.17%	0.18%	0.31%	0.3%	0.26%	0.23%	0.16%	0.16%	0.15%	0.14%
Other Operating Expenses	0	554K	688K	766K	2.04M	17.55M	38.18M	7.47M	7.46M	0
Operating Income+	-5.6M	-24.9M	-156.98M	-63.61M	-27.58M	-54.23M	-81.07M	-112.78M	-155.01M	51.09M
Operating Margin %	-0.02%	-0.09%	-1.01%	-0.51%	-0.18%	-0.24%	-0.17%	-0.2%	-0.25%	0.08%
Operating Income Growth %	0.7%	-3.45%	-5.31%	0.59%	0.57%	-0.97%	-0.49%	-0.39%	-0.37%	1.33%
EBITDA+	25.41M	17.87M	-120.75M	-28.27M	4.54M	-4.99M	65.82M	103.27M	85.81M	109.6M
EBITDA Margin %	0.1%	0.06%	-0.78%	-0.23%	0.03%	-0.02%	0.14%	0.18%	0.14%	0.16%
EBITDA Growth %	5.06%	-0.3%	-7.76%	0.77%	1.16%	-2.1%	14.2%	0.57%	-0.17%	0.28%
D&A (Non-Cash Add-back)	31.01M	42.76M	36.23M	35.34M	32.13M	49.25M	146.89M	216.05M	240.82M	58.51M
EBIT	-5.6M	-22.91M	-56.18M	-60.17M	-25.54M	-36.68M	-75.14M	-106.34M	-125.18M	53.52M
Net Interest Income+	59K	491K	908K	988K	789K	50K	-19.85M	-29.26M	-32.37M	-27.03M
Interest Income	59K	491K	908K	988K	789K	50K	0	0	0	0
Interest Expense	0	0	0	0	0	0	19.85M	29.26M	32.37M	27.03M
Other Income/Expense	1.46M	1.98M	431K	2.14M	593K	1.5M	-13.92M	-22.81M	-2.54M	-24.6M
Pretax Income+	-4.14M	-22.91M	-156.54M	-61.47M	-26.99M	-52.74M	-94.99M	-135.6M	-157.55M	26.48M
Pretax Margin %	-0.02%	-0.08%	-1.01%	-0.49%	-0.17%	-0.24%	-0.2%	-0.23%	-0.25%	0.04%
Income Tax+	-4.56M	-4.86M	-1.76M	357K	-1.51M	693K	-95.05M	-5.27M	1.64M	3.7M
Effective Tax Rate %	-0.1%	0.79%	0.99%	1.01%	0.94%	1.01%	-0%	0.96%	1.01%	0.86%
Net Income+	422K	-18.05M	-154.78M	-61.82M	-25.48M	-53.43M	65K	-130.32M	-159.18M	22.79M
Net Margin %	0%	-0.06%	-1%	-0.5%	-0.16%	-0.24%	0%	-0.23%	-0.26%	0.03%
Net Income Growth %	1.02%	-43.78%	-7.57%	0.6%	0.59%	-1.1%	1%	-2005.97%	-0.22%	1.14%
Net Income (Continuing)	422K	-18.05M	-154.78M	-61.82M	-25.48M	-53.43M	65K	-130.32M	-159.18M	22.79M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.01	-0.39	-3.17	-1.23	-0.48	-0.55	0.00	-0.98	-1.17	0.16
EPS Growth %	1.02%	-40%	-7.13%	0.61%	0.61%	-0.15%	1%	-	-0.19%	1.14%
EPS (Basic)	0.01	-0.39	-3.17	-1.23	-0.48	-0.55	0.00	-0.98	-1.17	0.16
Diluted Shares Outstanding	44.49M	46.66M	48.87M	50.26M	52.61M	96.7M	136.26M	132.89M	136.62M	146.81M
Basic Shares Outstanding	39.66M	46.29M	48.87M	50.26M	52.61M	96.7M	126.29M	132.89M	136.62M	140.56M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	365.71M	391.58M	304.66M	300.54M	313.05M	607.07M	1.18B	1.33B	1.52B	1.7B
Cash & Short-Term Investments	147.47M	189.97M	129.15M	87.98M	88.89M	117.68M	230.4M	326.25M	326.22M	483.22M
Cash Only	116.5M	149.42M	76.64M	80.45M	88.89M	117.68M	230.4M	326.25M	326.22M	483.22M
Short-Term Investments	30.97M	40.55M	52.5M	7.52M	0	0	0	0	0	0
Accounts Receivable	218.24M	192.06M	165.89M	205.68M	217.57M	471.67M	927.78M	976.51M	1.18B	1.2B
Days Sales Outstanding	320.57	251.97	389.28	602.11	507.71	776.79	722.95	617.65	692.81	655.55
Inventory	-7.72M	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	300K	100K	9.62M	6.88M	0	0	0	23.5M	20.51M	19.91M
Total Non-Current Assets+	171.03M	128.2M	78.98M	59.47M	82.07M	331.89M	1.53B	1.39B	1.17B	1.15B
Property, Plant & Equipment	25.4M	36.25M	47.39M	33.49M	45.16M	63.28M	111.05M	123.18M	107.92M	119.06M
Fixed Asset Turnover	9.78x	7.68x	3.28x	3.72x	3.46x	3.50x	4.22x	4.68x	5.74x	5.61x
Goodwill	65.7M	65.7M	0	0	7.37M	158.13M	969.87M	978.22M	978.22M	978.22M
Intangible Assets	64.71M	23.33M	26.09M	24.74M	27.44M	106.04M	446.71M	277.17M	72.94M	47.93M
Long-Term Investments	13.48M	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	15.21M	2.92M	5.49M	1.24M	2.1M	4.44M	6.86M	7.38M	6.73M	6.38M
Total Assets+	536.74M	519.77M	383.63M	360.01M	395.12M	938.96M	2.71B	2.71B	2.69B	2.85B
Asset Turnover	0.46x	0.54x	0.41x	0.35x	0.40x	0.24x	0.17x	0.21x	0.23x	0.23x
Asset Growth %	0.81%	-0.03%	-0.26%	-0.06%	0.1%	1.38%	1.89%	-0%	-0.01%	0.06%
Total Current Liabilities+	250.16M	218.44M	217.24M	240.98M	267.5M	522.2M	1.03B	1.13B	1.4B	1.5B
Accounts Payable	235.81M	205.19M	207.46M	233.54M	252.71M	496.87M	983.12M	1.08B	1.36B	1.45B
Days Payables Outstanding	1.47K	1.02K	1.33K	1.42K	1.61K	2.33K	1.78K	1.28K	1.21K	2.04K
Short-Term Debt	0	0	0	0	0	0	3.6M	3.6M	3.6M	3.64M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	2.2M	3.53M	3.14M	1.3M	778K	3.07M	5.7M	5.94M	5.96M	9.88M
Current Ratio	1.46x	1.79x	1.40x	1.25x	1.17x	1.16x	1.14x	1.18x	1.09x	1.14x
Quick Ratio	1.49x	1.79x	1.40x	1.25x	1.17x	1.16x	1.14x	1.18x	1.09x	1.14x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	8.47M	1.82M	1.78M	1.02M	15.69M	35.15M	802.46M	795.88M	584.99M	590.57M
Long-Term Debt	0	0	0	0	0	0	720.02M	722.76M	532.99M	550.1M
Capital Lease Obligations	0	0	0	0	15.23M	32.28M	66.49M	66.33M	49.66M	38.98M
Deferred Tax Liabilities	6.22M	42K	0	0	0	199K	13.3M	5.07M	680K	0
Other Non-Current Liabilities	2.25M	1.78M	1.78M	1.02M	454K	2.67M	2.65M	1.72M	1.66M	1.48M
Total Liabilities	258.63M	220.26M	219.02M	242M	283.18M	557.35M	1.83B	1.92B	1.99B	2.09B
Total Debt+	0	0	0	0	22.51M	42.09M	809.25M	813.86M	606.65M	608.81M
Net Debt	-116.5M	-149.42M	-76.64M	-80.45M	-66.38M	-75.58M	578.85M	487.61M	280.43M	125.59M
Debt / Equity	-	-	-	-	0.20x	0.11x	0.92x	1.03x	0.86x	0.79x
Debt / EBITDA	-	-	-	-	4.96x	-	12.30x	7.88x	7.07x	5.56x
Net Debt / EBITDA	-4.58x	-8.36x	-	-	-14.61x	-	8.79x	4.72x	3.27x	1.15x
Interest Coverage	-	-	-	-	-	-	-4.08x	-3.85x	-4.79x	1.89x
Total Equity+	278.1M	299.51M	164.61M	118.01M	111.94M	381.61M	880.76M	791.3M	701.68M	768.22M
Equity Growth %	1.16%	0.08%	-0.45%	-0.28%	-0.05%	2.41%	1.31%	-0.1%	-0.11%	0.09%
Book Value per Share	6.25	6.42	3.37	2.35	2.13	3.95	6.46	5.95	5.14	5.23
Total Shareholders' Equity	278.1M	299.51M	164.61M	118.01M	111.94M	381.61M	880.76M	791.3M	701.68M	768.22M
Common Stock	0	0	0	1K	1K	2K	2K	2K	2K	2K
Retained Earnings	-80.29M	-99M	-253.78M	-315.61M	-341.08M	-394.52M	-394.45M	-524.77M	-683.96M	-661.17M
Treasury Stock	0	0	0	0	0	0	-6.01M	0	0	0
Accumulated OCI	-15K	-273K	41K	-259K	-45K	-957K	-1.38M	-3.15M	-2.08M	-4.42M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	76.86M	60.12M	21.54M	-22.69M	31.98M	-12.06M	126.59M	192.55M	214.37M	235.2M
Operating CF Margin %	0.31%	0.22%	0.14%	-0.18%	0.2%	-0.05%	0.27%	0.33%	0.35%	0.35%
Operating CF Growth %	10.57%	-0.22%	-0.64%	-2.05%	2.41%	-1.38%	11.49%	0.52%	0.11%	0.1%
Net Income	422K	-18.05M	-154.78M	-61.82M	-25.48M	-53.43M	65K	-130.32M	-159.18M	22.79M
Depreciation & Amortization	31.01M	42.76M	36.23M	35.34M	32.13M	49.15M	146.89M	216.05M	240.82M	58.51M
Stock-Based Compensation	30.58M	28.69M	20.5M	16.28M	18.82M	28.49M	40.73M	64.12M	0	76.52M
Deferred Taxes	-5.29M	-6.63M	-1.56M	-42K	-595K	0	-98.77M	-8.8M	-2.38M	95K
Other Non-Cash Items	292K	22.57M	96.31M	-308K	1.17M	73.85M	5.79M	11.07M	59.64M	662K
Working Capital Changes	19.83M	-9.21M	24.85M	-12.13M	5.94M	-110.12M	31.89M	40.44M	75.47M	76.63M
Change in Receivables	-71.8M	25.84M	26.05M	-40.69M	-10.71M	-103.84M	-254.37M	-46.33M	-220.1M	-26.02M
Change in Inventory	-1.07M	-3.04M	-224K	-26.61M	0	0	0	0	0	0
Change in Payables	93.14M	-32.97M	-502K	26.61M	0	0	0	0	294.68M	97.38M
Cash from Investing+	-72.86M	-37.12M	-93.21M	27.95M	-23.39M	32.64M	-691M	-65.15M	-37.38M	-47.5M
Capital Expenditures	-28.44M	-33.4M	-40.43M	-19.94M	-11.43M	-14.29M	-17.7M	-30.82M	-37.38M	-32.81M
CapEx % of Revenue	0.11%	0.12%	0.26%	0.16%	0.07%	0.06%	0.04%	0.05%	0.06%	0.05%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	1.02M	259K	-22.16M	-8.51M	-8.46M	-7.67M	-11.43M	-13.58M	0	-14.69M
Cash from Financing+	15.47M	10.08M	-1.38M	-1.28M	-205K	7.35M	678.05M	-30.17M	-177.84M	-28.9M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	13.53M	10.08M	-2.01M	-1.28M	-205K	15.21M	-62.7M	-10.1M	-14.13M	-22.86M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	48.42M	26.72M	-18.89M	-42.63M	12.1M	-26.36M	97.46M	148.15M	187.6M	202.39M
FCF Margin %	0.19%	0.1%	-0.12%	-0.34%	0.08%	-0.12%	0.21%	0.26%	0.3%	0.3%
FCF Growth %	4.77%	-0.45%	-1.71%	-1.26%	1.28%	-3.18%	4.7%	0.52%	0.27%	0.08%
FCF per Share	1.09	0.57	-0.39	-0.85	0.23	-0.27	0.72	1.11	1.37	1.38
FCF Conversion (FCF/Net Income)	182.12x	-3.33x	-0.14x	0.37x	-1.26x	0.23x	1947.52x	-1.48x	-1.35x	10.32x
Interest Paid	62K	61K	61K	46K	61K	101K	12.91M	26.32M	0	36.86M
Taxes Paid	1.07M	1.28M	382K	379K	291K	0	2.14M	4.93M	0	3.87M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	0.21%	-6.25%	-66.7%	-43.75%	-22.16%	-21.65%	0.01%	-15.59%	-21.32%	3.1%
Return on Invested Capital (ROIC)	-4.34%	-11.98%	-98.91%	-76.01%	-49.78%	-23.14%	-6.89%	-6.18%	-10.28%	4.08%
Gross Margin	76.46%	73.67%	63.46%	51.88%	63.31%	64.92%	56.95%	46.77%	33.86%	61.26%
Net Margin	0.17%	-6.49%	-99.51%	-49.58%	-16.29%	-24.11%	0.01%	-22.58%	-25.69%	3.41%
Debt / Equity	-	-	-	-	0.20x	0.11x	0.92x	1.03x	0.86x	0.79x
Interest Coverage	-	-	-	-	-	-	-4.08x	-3.85x	-4.79x	1.89x
FCF Conversion	182.12x	-3.33x	-0.14x	0.37x	-1.26x	0.23x	1947.52x	-1.48x	-1.35x	10.32x
Revenue Growth	98.32%	11.97%	-44.09%	-19.84%	25.45%	41.69%	111.35%	23.2%	7.39%	7.82%

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	172.19M	182.78M	95.57M	83.02M	108.39M	161.57M	365.16M	447.63M	462.17M	498.44M
UNITED STATES Growth	-	6.15%	-47.71%	-13.13%	30.55%	49.07%	126.01%	22.59%	3.25%	7.85%
Non-US	-	-	-	-	-	-	-	-	157.54M	169.73M
Non-US Growth	-	-	-	-	-	-	-	-	-	7.74%

Frequently Asked Questions

Valuation & Price

Magnite, Inc. (MGNI) has a price-to-earnings (P/E) ratio of 93.1x. This suggests investors expect higher future growth.

Growth & Financials

Magnite, Inc. (MGNI) reported $702.6M in revenue for fiscal year 2024. This represents a 1796% increase from $37.1M in 2011.

Magnite, Inc. (MGNI) grew revenue by 7.8% over the past year. This is steady growth.

Yes, Magnite, Inc. (MGNI) is profitable, generating $58.0M in net income for fiscal year 2024 (3.4% net margin).

Dividend & Returns

Magnite, Inc. (MGNI) has a return on equity (ROE) of 3.1%. This is below average, suggesting room for improvement.

Magnite, Inc. (MGNI) generated $164.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

...

Magnite, Inc. (MGNI) 10-Year Financial Performance & Capital Metrics

MGNI • • Industrial / General

Communication ServicesAdvertising & MarketingDigital Advertising PlatformsProgrammatic Advertising Platforms

Revenue $668M +7.8%
EBITDA $110M +27.7%
Net Income $23M +114.3%
EPS (Diluted) 0.16 +113.7%
Gross Margin 61.26% +81.0%
EBITDA Margin 16.4% +18.5%
Operating Margin 7.65% +130.6%
Net Margin 3.41% +113.3%
ROE 3.1% +114.5%
ROIC 4.08% +139.7%
Debt/Equity 0.79 -8.3%
Interest Coverage 1.89 +139.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 8/9
✓FCF machine: 30.3% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 33.7%

✗Weaknesses

✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y18.22%

5Y33.7%

3Y12.57%

TTM6.27%

Profit (Net Income) CAGR

10Y-

5Y-

3Y605.1%

TTM235.22%

EPS CAGR

10Y-

5Y-

3Y583.99%

TTM219.51%

ROCE

10Y Avg-18.66%

5Y Avg-8.29%

3Y Avg-4.61%

Latest3.86%

Peer Comparison

Programmatic Advertising Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MGNIMagnite, Inc.	2.14B	14.90	93.13	7.82%	8.25%	7.17%	9.46%	0.79
CRTOCriteo S.A.	1.05B	20.49	10.78	-0.83%	8.71%	14.55%	17.18%	0.10
NEXNNexxen International Ltd.	347.81M	6.14	6.02	10.09%	10.46%	8.36%	36.6%	0.07
DRCTDirect Digital Holdings, Inc.	2.12M	1.69	-1.02	-60.35%	-26.76%
MNTNMNTN Inc.	494.51M	11.18	-26	27.95%	-16.47%	-16.84%	6.59%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	248.48M	278.22M	155.54M	124.69M	156.41M	221.63M	468.41M	577.07M	619.71M	668.17M
Revenue Growth %	0.98%	0.12%	-0.44%	-0.2%	0.25%	0.42%	1.11%	0.23%	0.07%	0.08%
Cost of Goods Sold+	58.49M	73.25M	56.84M	60M	57.39M	77.75M	201.66M	307.17M	409.91M	258.84M
COGS % of Revenue	0.24%	0.26%	0.37%	0.48%	0.37%	0.35%	0.43%	0.53%	0.66%	0.39%
Gross Profit+	189.99M	204.97M	98.71M	64.68M	99.02M	143.88M	266.75M	269.9M	209.8M	409.33M
Gross Margin %	0.76%	0.74%	0.63%	0.52%	0.63%	0.65%	0.57%	0.47%	0.34%	0.61%
Gross Profit Growth %	0.82%	0.08%	-0.52%	-0.34%	0.53%	0.45%	0.85%	0.01%	-0.22%	0.95%
Operating Expenses+	195.59M	203.08M	154.89M	124.85M	126.61M	198.12M	347.82M	382.69M	364.81M	358.25M
OpEx % of Revenue	0.79%	0.73%	1%	1%	0.81%	0.89%	0.74%	0.66%	0.59%	0.54%
Selling, General & Admin	153.53M	151.9M	107.39M	86.99M	84.31M	129.02M	235.19M	281.46M	263.03M	263M
SG&A % of Revenue	0.62%	0.55%	0.69%	0.7%	0.54%	0.58%	0.5%	0.49%	0.42%	0.39%
Research & Development	42.05M	51.18M	47.5M	37.86M	40.25M	51.55M	74.45M	93.76M	94.32M	95.24M
R&D % of Revenue	0.17%	0.18%	0.31%	0.3%	0.26%	0.23%	0.16%	0.16%	0.15%	0.14%
Other Operating Expenses	0	554K	688K	766K	2.04M	17.55M	38.18M	7.47M	7.46M	0
Operating Income+	-5.6M	-24.9M	-156.98M	-63.61M	-27.58M	-54.23M	-81.07M	-112.78M	-155.01M	51.09M
Operating Margin %	-0.02%	-0.09%	-1.01%	-0.51%	-0.18%	-0.24%	-0.17%	-0.2%	-0.25%	0.08%
Operating Income Growth %	0.7%	-3.45%	-5.31%	0.59%	0.57%	-0.97%	-0.49%	-0.39%	-0.37%	1.33%
EBITDA+	25.41M	17.87M	-120.75M	-28.27M	4.54M	-4.99M	65.82M	103.27M	85.81M	109.6M
EBITDA Margin %	0.1%	0.06%	-0.78%	-0.23%	0.03%	-0.02%	0.14%	0.18%	0.14%	0.16%
EBITDA Growth %	5.06%	-0.3%	-7.76%	0.77%	1.16%	-2.1%	14.2%	0.57%	-0.17%	0.28%
D&A (Non-Cash Add-back)	31.01M	42.76M	36.23M	35.34M	32.13M	49.25M	146.89M	216.05M	240.82M	58.51M
EBIT	-5.6M	-22.91M	-56.18M	-60.17M	-25.54M	-36.68M	-75.14M	-106.34M	-125.18M	53.52M
Net Interest Income+	59K	491K	908K	988K	789K	50K	-19.85M	-29.26M	-32.37M	-27.03M
Interest Income	59K	491K	908K	988K	789K	50K	0	0	0	0
Interest Expense	0	0	0	0	0	0	19.85M	29.26M	32.37M	27.03M
Other Income/Expense	1.46M	1.98M	431K	2.14M	593K	1.5M	-13.92M	-22.81M	-2.54M	-24.6M
Pretax Income+	-4.14M	-22.91M	-156.54M	-61.47M	-26.99M	-52.74M	-94.99M	-135.6M	-157.55M	26.48M
Pretax Margin %	-0.02%	-0.08%	-1.01%	-0.49%	-0.17%	-0.24%	-0.2%	-0.23%	-0.25%	0.04%
Income Tax+	-4.56M	-4.86M	-1.76M	357K	-1.51M	693K	-95.05M	-5.27M	1.64M	3.7M
Effective Tax Rate %	-0.1%	0.79%	0.99%	1.01%	0.94%	1.01%	-0%	0.96%	1.01%	0.86%
Net Income+	422K	-18.05M	-154.78M	-61.82M	-25.48M	-53.43M	65K	-130.32M	-159.18M	22.79M
Net Margin %	0%	-0.06%	-1%	-0.5%	-0.16%	-0.24%	0%	-0.23%	-0.26%	0.03%
Net Income Growth %	1.02%	-43.78%	-7.57%	0.6%	0.59%	-1.1%	1%	-2005.97%	-0.22%	1.14%
Net Income (Continuing)	422K	-18.05M	-154.78M	-61.82M	-25.48M	-53.43M	65K	-130.32M	-159.18M	22.79M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.01	-0.39	-3.17	-1.23	-0.48	-0.55	0.00	-0.98	-1.17	0.16
EPS Growth %	1.02%	-40%	-7.13%	0.61%	0.61%	-0.15%	1%	-	-0.19%	1.14%
EPS (Basic)	0.01	-0.39	-3.17	-1.23	-0.48	-0.55	0.00	-0.98	-1.17	0.16
Diluted Shares Outstanding	44.49M	46.66M	48.87M	50.26M	52.61M	96.7M	136.26M	132.89M	136.62M	146.81M
Basic Shares Outstanding	39.66M	46.29M	48.87M	50.26M	52.61M	96.7M	126.29M	132.89M	136.62M	140.56M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	365.71M	391.58M	304.66M	300.54M	313.05M	607.07M	1.18B	1.33B	1.52B	1.7B
Cash & Short-Term Investments	147.47M	189.97M	129.15M	87.98M	88.89M	117.68M	230.4M	326.25M	326.22M	483.22M
Cash Only	116.5M	149.42M	76.64M	80.45M	88.89M	117.68M	230.4M	326.25M	326.22M	483.22M
Short-Term Investments	30.97M	40.55M	52.5M	7.52M	0	0	0	0	0	0
Accounts Receivable	218.24M	192.06M	165.89M	205.68M	217.57M	471.67M	927.78M	976.51M	1.18B	1.2B
Days Sales Outstanding	320.57	251.97	389.28	602.11	507.71	776.79	722.95	617.65	692.81	655.55
Inventory	-7.72M	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	300K	100K	9.62M	6.88M	0	0	0	23.5M	20.51M	19.91M
Total Non-Current Assets+	171.03M	128.2M	78.98M	59.47M	82.07M	331.89M	1.53B	1.39B	1.17B	1.15B
Property, Plant & Equipment	25.4M	36.25M	47.39M	33.49M	45.16M	63.28M	111.05M	123.18M	107.92M	119.06M
Fixed Asset Turnover	9.78x	7.68x	3.28x	3.72x	3.46x	3.50x	4.22x	4.68x	5.74x	5.61x
Goodwill	65.7M	65.7M	0	0	7.37M	158.13M	969.87M	978.22M	978.22M	978.22M
Intangible Assets	64.71M	23.33M	26.09M	24.74M	27.44M	106.04M	446.71M	277.17M	72.94M	47.93M
Long-Term Investments	13.48M	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	15.21M	2.92M	5.49M	1.24M	2.1M	4.44M	6.86M	7.38M	6.73M	6.38M
Total Assets+	536.74M	519.77M	383.63M	360.01M	395.12M	938.96M	2.71B	2.71B	2.69B	2.85B
Asset Turnover	0.46x	0.54x	0.41x	0.35x	0.40x	0.24x	0.17x	0.21x	0.23x	0.23x
Asset Growth %	0.81%	-0.03%	-0.26%	-0.06%	0.1%	1.38%	1.89%	-0%	-0.01%	0.06%
Total Current Liabilities+	250.16M	218.44M	217.24M	240.98M	267.5M	522.2M	1.03B	1.13B	1.4B	1.5B
Accounts Payable	235.81M	205.19M	207.46M	233.54M	252.71M	496.87M	983.12M	1.08B	1.36B	1.45B
Days Payables Outstanding	1.47K	1.02K	1.33K	1.42K	1.61K	2.33K	1.78K	1.28K	1.21K	2.04K
Short-Term Debt	0	0	0	0	0	0	3.6M	3.6M	3.6M	3.64M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	2.2M	3.53M	3.14M	1.3M	778K	3.07M	5.7M	5.94M	5.96M	9.88M
Current Ratio	1.46x	1.79x	1.40x	1.25x	1.17x	1.16x	1.14x	1.18x	1.09x	1.14x
Quick Ratio	1.49x	1.79x	1.40x	1.25x	1.17x	1.16x	1.14x	1.18x	1.09x	1.14x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	8.47M	1.82M	1.78M	1.02M	15.69M	35.15M	802.46M	795.88M	584.99M	590.57M
Long-Term Debt	0	0	0	0	0	0	720.02M	722.76M	532.99M	550.1M
Capital Lease Obligations	0	0	0	0	15.23M	32.28M	66.49M	66.33M	49.66M	38.98M
Deferred Tax Liabilities	6.22M	42K	0	0	0	199K	13.3M	5.07M	680K	0
Other Non-Current Liabilities	2.25M	1.78M	1.78M	1.02M	454K	2.67M	2.65M	1.72M	1.66M	1.48M
Total Liabilities	258.63M	220.26M	219.02M	242M	283.18M	557.35M	1.83B	1.92B	1.99B	2.09B
Total Debt+	0	0	0	0	22.51M	42.09M	809.25M	813.86M	606.65M	608.81M
Net Debt	-116.5M	-149.42M	-76.64M	-80.45M	-66.38M	-75.58M	578.85M	487.61M	280.43M	125.59M
Debt / Equity	-	-	-	-	0.20x	0.11x	0.92x	1.03x	0.86x	0.79x
Debt / EBITDA	-	-	-	-	4.96x	-	12.30x	7.88x	7.07x	5.56x
Net Debt / EBITDA	-4.58x	-8.36x	-	-	-14.61x	-	8.79x	4.72x	3.27x	1.15x
Interest Coverage	-	-	-	-	-	-	-4.08x	-3.85x	-4.79x	1.89x
Total Equity+	278.1M	299.51M	164.61M	118.01M	111.94M	381.61M	880.76M	791.3M	701.68M	768.22M
Equity Growth %	1.16%	0.08%	-0.45%	-0.28%	-0.05%	2.41%	1.31%	-0.1%	-0.11%	0.09%
Book Value per Share	6.25	6.42	3.37	2.35	2.13	3.95	6.46	5.95	5.14	5.23
Total Shareholders' Equity	278.1M	299.51M	164.61M	118.01M	111.94M	381.61M	880.76M	791.3M	701.68M	768.22M
Common Stock	0	0	0	1K	1K	2K	2K	2K	2K	2K
Retained Earnings	-80.29M	-99M	-253.78M	-315.61M	-341.08M	-394.52M	-394.45M	-524.77M	-683.96M	-661.17M
Treasury Stock	0	0	0	0	0	0	-6.01M	0	0	0
Accumulated OCI	-15K	-273K	41K	-259K	-45K	-957K	-1.38M	-3.15M	-2.08M	-4.42M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	76.86M	60.12M	21.54M	-22.69M	31.98M	-12.06M	126.59M	192.55M	214.37M	235.2M
Operating CF Margin %	0.31%	0.22%	0.14%	-0.18%	0.2%	-0.05%	0.27%	0.33%	0.35%	0.35%
Operating CF Growth %	10.57%	-0.22%	-0.64%	-2.05%	2.41%	-1.38%	11.49%	0.52%	0.11%	0.1%
Net Income	422K	-18.05M	-154.78M	-61.82M	-25.48M	-53.43M	65K	-130.32M	-159.18M	22.79M
Depreciation & Amortization	31.01M	42.76M	36.23M	35.34M	32.13M	49.15M	146.89M	216.05M	240.82M	58.51M
Stock-Based Compensation	30.58M	28.69M	20.5M	16.28M	18.82M	28.49M	40.73M	64.12M	0	76.52M
Deferred Taxes	-5.29M	-6.63M	-1.56M	-42K	-595K	0	-98.77M	-8.8M	-2.38M	95K
Other Non-Cash Items	292K	22.57M	96.31M	-308K	1.17M	73.85M	5.79M	11.07M	59.64M	662K
Working Capital Changes	19.83M	-9.21M	24.85M	-12.13M	5.94M	-110.12M	31.89M	40.44M	75.47M	76.63M
Change in Receivables	-71.8M	25.84M	26.05M	-40.69M	-10.71M	-103.84M	-254.37M	-46.33M	-220.1M	-26.02M
Change in Inventory	-1.07M	-3.04M	-224K	-26.61M	0	0	0	0	0	0
Change in Payables	93.14M	-32.97M	-502K	26.61M	0	0	0	0	294.68M	97.38M
Cash from Investing+	-72.86M	-37.12M	-93.21M	27.95M	-23.39M	32.64M	-691M	-65.15M	-37.38M	-47.5M
Capital Expenditures	-28.44M	-33.4M	-40.43M	-19.94M	-11.43M	-14.29M	-17.7M	-30.82M	-37.38M	-32.81M
CapEx % of Revenue	0.11%	0.12%	0.26%	0.16%	0.07%	0.06%	0.04%	0.05%	0.06%	0.05%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	1.02M	259K	-22.16M	-8.51M	-8.46M	-7.67M	-11.43M	-13.58M	0	-14.69M
Cash from Financing+	15.47M	10.08M	-1.38M	-1.28M	-205K	7.35M	678.05M	-30.17M	-177.84M	-28.9M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	13.53M	10.08M	-2.01M	-1.28M	-205K	15.21M	-62.7M	-10.1M	-14.13M	-22.86M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	48.42M	26.72M	-18.89M	-42.63M	12.1M	-26.36M	97.46M	148.15M	187.6M	202.39M
FCF Margin %	0.19%	0.1%	-0.12%	-0.34%	0.08%	-0.12%	0.21%	0.26%	0.3%	0.3%
FCF Growth %	4.77%	-0.45%	-1.71%	-1.26%	1.28%	-3.18%	4.7%	0.52%	0.27%	0.08%
FCF per Share	1.09	0.57	-0.39	-0.85	0.23	-0.27	0.72	1.11	1.37	1.38
FCF Conversion (FCF/Net Income)	182.12x	-3.33x	-0.14x	0.37x	-1.26x	0.23x	1947.52x	-1.48x	-1.35x	10.32x
Interest Paid	62K	61K	61K	46K	61K	101K	12.91M	26.32M	0	36.86M
Taxes Paid	1.07M	1.28M	382K	379K	291K	0	2.14M	4.93M	0	3.87M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	0.21%	-6.25%	-66.7%	-43.75%	-22.16%	-21.65%	0.01%	-15.59%	-21.32%	3.1%
Return on Invested Capital (ROIC)	-4.34%	-11.98%	-98.91%	-76.01%	-49.78%	-23.14%	-6.89%	-6.18%	-10.28%	4.08%
Gross Margin	76.46%	73.67%	63.46%	51.88%	63.31%	64.92%	56.95%	46.77%	33.86%	61.26%
Net Margin	0.17%	-6.49%	-99.51%	-49.58%	-16.29%	-24.11%	0.01%	-22.58%	-25.69%	3.41%
Debt / Equity	-	-	-	-	0.20x	0.11x	0.92x	1.03x	0.86x	0.79x
Interest Coverage	-	-	-	-	-	-	-4.08x	-3.85x	-4.79x	1.89x
FCF Conversion	182.12x	-3.33x	-0.14x	0.37x	-1.26x	0.23x	1947.52x	-1.48x	-1.35x	10.32x
Revenue Growth	98.32%	11.97%	-44.09%	-19.84%	25.45%	41.69%	111.35%	23.2%	7.39%	7.82%

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	172.19M	182.78M	95.57M	83.02M	108.39M	161.57M	365.16M	447.63M	462.17M	498.44M
UNITED STATES Growth	-	6.15%	-47.71%	-13.13%	30.55%	49.07%	126.01%	22.59%	3.25%	7.85%
Non-US	-	-	-	-	-	-	-	-	157.54M	169.73M
Non-US Growth	-	-	-	-	-	-	-	-	-	7.74%

Frequently Asked Questions

Valuation & Price

Magnite, Inc. (MGNI) has a price-to-earnings (P/E) ratio of 93.1x. This suggests investors expect higher future growth.

Growth & Financials

Magnite, Inc. (MGNI) reported $702.6M in revenue for fiscal year 2024. This represents a 1796% increase from $37.1M in 2011.

Magnite, Inc. (MGNI) grew revenue by 7.8% over the past year. This is steady growth.

Yes, Magnite, Inc. (MGNI) is profitable, generating $58.0M in net income for fiscal year 2024 (3.4% net margin).

Dividend & Returns

Magnite, Inc. (MGNI) has a return on equity (ROE) of 3.1%. This is below average, suggesting room for improvement.

Magnite, Inc. (MGNI) generated $164.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.