Magnite (MGNI) Financials

$18.76 +0.04 (+0.19%)

As of 11:02 AM Eastern

Annual Income Statements for Magnite

This table shows Magnite's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-20	0.42	-18	-155	-62	-25	-53	0.07	-130	-159	23
Consolidated Net Income / (Loss)	-19	0.42	-18	-155	-62	-25	-53	0.07	-130	-159	23
Net Income / (Loss) Continuing Operations	-19	0.42	-18	-155	-62	-25	-53	0.07	-130	-159	23
Total Pre-Tax Income	-19	-4.14	-23	-157	-61	-27	-53	-95	-136	-158	26
Total Operating Income	-19	-5.60	-25	-157	-64	-28	-54	-81	-113	-155	51
Total Gross Profit	105	190	205	99	65	99	144	267	270	210	409
Total Revenue	125	248	278	156	125	156	222	468	577	620	668
Operating Revenue	125	248	278	156	125	156	222	468	577	620	668
Total Cost of Revenue	21	58	73	57	60	57	78	202	307	410	259
Operating Cost of Revenue	21	58	73	57	60	57	78	202	307	410	259
Total Operating Expenses	123	196	230	256	128	127	198	348	383	365	358
Selling, General & Admin Expense	57	70	69	56	42	40	53	65	81	89	97
Marketing Expense	43	83	83	52	45	45	76	170	200	174	166
Research & Development Expense	23	42	51	48	38	40	52	74	94	94	95
Restructuring Charge	0.00	0.00	3.32	5.96	3.44	2.04	18	38	7.47	7.47	0.00
Total Other Income / (Expense), net	0.28	1.46	1.98	0.43	2.14	0.59	1.50	-14	-23	-2.54	-25
Interest Expense	0.11	-0.06	-0.49	-0.91	-0.99	-0.79	-0.05	20	29	5.89	35
Other Income / (Expense), net	0.39	1.40	1.49	-0.48	1.16	-0.20	1.45	5.93	6.45	3.35	10
Income Tax Expense	0.17	-4.56	-4.86	-1.80	0.36	-1.51	0.69	-95	-5.27	1.64	3.70
Basic Earnings per Share	($0.70)	$0.01	($0.39)	($3.17)	($1.23)	($0.48)	($0.55)	$0.00	($0.98)	($1.17)	$0.16
Weighted Average Basic Shares Outstanding	28.22M	39.66M	46.66M	48.87M	50.26M	52.61M	96.70M	126.29M	132.89M	136.62M	140.56M
Diluted Earnings per Share	($0.70)	$0.01	($0.39)	($3.17)	($1.23)	($0.48)	($0.55)	$0.00	($0.98)	($1.17)	$0.16
Weighted Average Diluted Shares Outstanding	28.22M	44.50M	46.66M	48.87M	50.26M	52.61M	96.70M	136.26M	132.89M	136.62M	146.81M
Weighted Average Basic & Diluted Shares Outstanding	28.30M	42.20M	49.44M	48.87M	50.26M	52.61M	96.70M	132.27M	135.06M	139.93M	142.95M

This table shows Magnite's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-24	-36	-99	-74	-17	31	-18	-1.08	5.21	36	-9.63
Consolidated Net Income / (Loss)	-24	-36	-99	-74	-17	31	-18	-1.08	5.21	36	-9.63
Net Income / (Loss) Continuing Operations	-24	-36	-99	-74	-17	31	-18	-1.08	5.21	36	-9.63
Total Pre-Tax Income	-25	-39	-99	-73	-18	33	-26	3.55	6.24	42	-10
Total Operating Income	-21	-29	-100	-72	-18	35	-14	9.57	15	40	-1.36
Total Gross Profit	74	64	5.32	22	65	117	83	100	99	126	93
Total Revenue	146	175	130	153	150	187	149	163	162	194	156
Operating Revenue	146	175	130	153	150	187	149	163	162	194	156
Total Cost of Revenue	72	111	125	130	85	70	66	63	63	68	63
Operating Cost of Revenue	72	111	125	130	85	70	66	63	63	68	63
Total Operating Expenses	95	93	106	94	83	82	97	91	84	86	94
Selling, General & Admin Expense	20	22	21	26	21	21	27	23	24	23	24
Marketing Expense	50	48	53	45	38	38	44	42	40	41	48
Research & Development Expense	25	23	24	23	24	23	27	26	20	22	22
Total Other Income / (Expense), net	-3.67	-11	1.45	-1.43	-0.60	-1.96	-12	-6.03	-8.88	2.04	-9.12
Interest Expense	7.02	7.99	-0.37	3.09	3.42	-0.25	15	6.79	7.17	5.43	7.33
Other Income / (Expense), net	3.35	-2.59	1.08	1.66	2.82	-2.21	3.61	0.77	-1.71	7.47	-1.79
Income Tax Expense	-0.44	-2.73	-0.31	0.66	-0.97	2.25	-7.81	4.63	1.03	5.85	-0.85
Basic Earnings per Share	($0.18)	($0.27)	($0.73)	($0.54)	($0.13)	$0.23	($0.13)	($0.01)	$0.04	$0.26	($0.07)
Weighted Average Basic Shares Outstanding	133.14M	132.89M	134.67M	136.16M	137.37M	136.62M	139.30M	140.55M	141.27M	140.56M	141.85M
Diluted Earnings per Share	($0.18)	($0.27)	($0.73)	($0.54)	($0.13)	$0.23	($0.13)	($0.01)	$0.04	$0.26	($0.07)
Weighted Average Diluted Shares Outstanding	133.14M	132.89M	134.67M	136.16M	137.37M	136.62M	139.30M	140.55M	148.70M	146.81M	141.85M
Weighted Average Basic & Diluted Shares Outstanding	133.38M	135.06M	135.57M	136.96M	137.85M	139.93M	140.02M	141.15M	140.69M	142.95M	141.11M

This table details how cash moves in and out of Magnite's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	67	18	33	-73	3.98	8.44	29	113	96	-0.28	157
Net Cash From Operating Activities	6.65	77	60	22	-23	32	-12	127	193	214	235
Net Cash From Continuing Operating Activities	6.65	77	60	22	-23	33	-12	127	193	214	235
Net Income / (Loss) Continuing Operations	-19	0.42	-18	-155	-62	-25	-53	0.07	-130	-159	23
Consolidated Net Income / (Loss)	-19	0.42	-18	-155	-62	-25	-53	0.07	-130	-159	23
Depreciation Expense	13	31	43	36	35	32	49	147	216	241	59
Amortization Expense	-	-	-	-	-	0.00	0.00	4.93	6.79	6.28	4.12
Non-Cash Adjustments To Reconcile Net Income	24	31	52	117	16	21	26	38	68	50	73
Changes in Operating Assets and Liabilities, net	-11	14	-16	23	-12	5.34	-34	-64	32	76	77
Net Cash From Investing Activities	-23	-74	-37	-93	28	-23	33	-691	-65	-37	-48
Net Cash From Continuing Investing Activities	-23	-74	-37	-93	28	-23	33	-691	-65	-37	-48
Purchase of Property, Plant & Equipment	-19	-28	-33	-40	-20	-20	-22	-29	-44	-37	-47
Acquisitions	-3.98	-8.65	-0.24	-39	0.00	-11	55	-662	-21	0.00	0.00
Other Investing Activities, net	0.35	-	-	-	-	-	-	-	0.00	0.00	-0.43
Net Cash From Financing Activities	84	15	10	-1.38	-1.28	-0.21	7.35	678	-30	-178	-29
Net Cash From Continuing Financing Activities	84	15	10	-1.38	-1.28	-0.21	7.35	678	-30	-178	-29
Repayment of Debt	-4.08	-0.11	0.00	-	-	0.00	0.00	-33	-4.41	-169	-409
Repurchase of Common Equity	-3.04	-	-	-	-	0.00	0.00	-6.01	-16	0.00	-15
Issuance of Debt	-	-	-	-	-	0.00	0.00	749	0.00	0.00	413
Issuance of Common Equity	90	2.04	1.89	0.63	0.31	1.05	1.66	3.71	3.74	3.51	3.59
Other Financing Activities, net	1.17	14	8.19	-2.01	-1.59	-1.26	5.69	-36	-14	-12	-22
Effect of Exchange Rate Changes	-0.08	-0.16	-0.16	-	-	-	0.92	-0.68	-1.42	0.58	-1.79
Cash Interest Paid	0.12	0.06	0.06	0.06	0.05	0.06	0.10	13	26	37	37
Cash Income Taxes Paid	0.40	1.07	1.29	0.38	0.38	0.29	1.61	2.14	4.93	5.36	3.87

This table details how cash moves in and out of Magnite's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	20	73	-90	30	44	16	-73	74	61	96	-54
Net Cash From Operating Activities	40	89	-31	74	82	89	-60	90	91	115	2.56
Net Cash From Continuing Operating Activities	40	89	-31	74	83	88	-60	90	91	115	2.56
Net Income / (Loss) Continuing Operations	-24	-36	-99	-74	-17	31	-18	-1.08	5.21	36	-9.63
Consolidated Net Income / (Loss)	-24	-36	-99	-74	-17	31	-18	-1.08	5.21	36	-9.63
Depreciation Expense	47	77	96	89	39	17	14	14	15	16	16
Amortization Expense	1.70	1.69	1.67	1.60	1.55	1.46	1.15	1.00	0.99	0.98	0.97
Non-Cash Adjustments To Reconcile Net Income	16	19	9.35	17	10	13	24	20	21	8.58	27
Changes in Operating Assets and Liabilities, net	0.38	27	-39	40	49	26	-81	55	50	53	-32
Net Cash From Investing Activities	-13	-15	-7.47	-11	-6.81	-12	-9.25	-13	-18	-6.83	-17
Net Cash From Continuing Investing Activities	-13	-15	-7.47	-11	-6.81	-12	-9.25	-13	-18	-6.83	-17
Purchase of Property, Plant & Equipment	-13	-15	-7.47	-11	-6.81	-12	-9.25	-13	-18	-6.40	-17
Net Cash From Financing Activities	-4.75	-1.85	-52	-33	-31	-62	-3.10	-2.55	-14	-9.46	-39
Net Cash From Continuing Financing Activities	-4.75	-1.85	-52	-33	-31	-62	-3.10	-2.55	-14	-9.46	-39
Repayment of Debt	-1.11	-1.11	-42	-35	-30	-62	-356	-0.91	-52	-0.91	-93
Repurchase of Common Equity	-	-	-	-	-	-	-	-	-	-5.57	-19
Issuance of Debt	-	-	0.00	-	-	-	361	-	52	-	93
Other Financing Activities, net	-3.65	-2.35	-9.87	-0.02	-0.22	-1.85	-8.94	-3.62	-4.76	-4.59	-20
Effect of Exchange Rate Changes	-1.57	1.07	0.27	-0.01	-0.47	0.78	-0.62	-0.09	1.35	-2.43	0.58
Cash Interest Paid	7.20	7.70	8.99	8.96	9.67	9.42	7.18	11	11	8.12	6.68
Cash Income Taxes Paid	1.05	0.58	1.55	1.52	1.53	0.76	0.73	1.21	1.22	0.71	0.57

This table presents Magnite's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	296	537	520	384	360	395	939	2,713	2,712	2,689	2,855
Total Current Assets	238	366	392	305	301	313	607	1,178	1,326	1,523	1,703
Cash & Equivalents	97	116	149	77	80	89	118	230	326	326	483
Accounts Receivable	133	218	192	166	206	218	472	928	977	1,176	1,200
Prepaid Expenses	7.51	7.72	9.54	9.62	6.88	6.59	18	20	24	21	20
Plant, Property, & Equipment, net	15	25	36	47	33	24	0.00	0.00	0.00	47	69
Total Noncurrent Assets	43	146	92	32	26	58	332	1,534	1,386	1,097	1,083
Goodwill	16	66	66	-	0.00	7.37	158	970	978	978	978
Intangible Assets	14	51	6.80	13	10	11	90	427	254	51	21
Other Noncurrent Operating Assets	13	16	19	18	16	40	84	138	154	67	83
Total Liabilities & Shareholders' Equity	296	537	520	384	360	395	939	2,713	2,712	2,689	2,855
Total Liabilities	168	259	220	219	242	283	557	1,832	1,921	1,987	2,087
Total Current Liabilities	154	250	218	217	241	267	522	1,029	1,125	1,402	1,496
Short-Term Debt	0.11	-	-	-	-	-	0.00	3.60	3.60	3.60	3.64
Accounts Payable	151	248	215	214	240	259	509	1,001	1,094	1,372	1,466
Other Current Liabilities	3.28	2.20	3.53	3.14	1.30	8.06	13	25	27	26	26
Total Noncurrent Liabilities	13	8.47	1.83	1.78	1.02	16	35	802	796	585	591
Long-Term Debt	-	-	-	-	-	-	0.00	720	723	533	550
Other Noncurrent Operating Liabilities	13	2.25	1.78	1.78	1.02	16	35	69	68	52	40
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	129	278	300	165	118	112	382	881	791	702	768
Total Preferred & Common Equity	129	278	300	165	118	112	382	881	791	702	768
Preferred Stock	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	129	278	300	165	118	112	382	881	791	702	768
Common Stock	209	358	399	418	434	453	777	1,283	1,319	1,388	1,434
Retained Earnings	-81	-80	-99	-254	-316	-341	-395	-394	-525	-684	-661
Accumulated Other Comprehensive Income / (Loss)	-0.01	-0.02	-0.27	0.04	-0.26	-0.05	-0.96	-1.38	-3.15	-2.08	-4.42

This table presents Magnite's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	2,529	2,430	2,408	2,445	2,454	2,643	2,738	2,675
Total Current Assets	1,079	1,137	1,197	1,269	1,273	1,468	1,573	1,515
Cash & Equivalents	254	237	266	311	253	326	387	430
Accounts Receivable	804	875	908	937	1,000	1,122	1,164	1,053
Prepaid Expenses	21	25	22	21	21	19	22	32
Plant, Property, & Equipment, net	45	46	46	46	56	63	65	79
Total Noncurrent Assets	1,404	1,247	1,165	1,130	1,125	1,112	1,100	1,080
Goodwill	978	978	978	978	978	978	978	978
Intangible Assets	323	167	88	59	43	36	28	14
Other Noncurrent Operating Assets	104	102	98	93	103	98	93	88
Total Liabilities & Shareholders' Equity	2,529	2,430	2,408	2,445	2,454	2,643	2,738	2,675
Total Liabilities	1,719	1,725	1,755	1,793	1,759	1,930	2,012	1,933
Total Current Liabilities	919	982	1,054	1,131	1,155	1,329	1,414	1,538
Short-Term Debt	3.60	3.60	3.60	3.60	24	24	22	208
Accounts Payable	890	950	1,022	1,101	1,123	1,299	1,385	1,307
Other Current Liabilities	25	28	28	27	7.73	6.22	7.01	24
Total Noncurrent Liabilities	800	742	701	662	604	601	598	394
Long-Term Debt	722	674	635	602	549	549	550	349
Other Noncurrent Operating Liabilities	66	64	61	56	1.58	1.52	1.63	45
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	811	705	653	652	695	713	726	742
Total Preferred & Common Equity	811	705	653	652	695	713	726	742
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	811	705	653	652	695	713	726	742
Common Stock	1,304	1,332	1,353	1,371	1,400	1,419	1,425	1,416
Retained Earnings	-488	-624	-697	-715	-702	-703	-698	-671
Accumulated Other Comprehensive Income / (Loss)	-5.29	-2.78	-2.68	-3.64	-3.09	-3.18	-1.09	-3.59

This table displays calculated financial ratios and metrics derived from Magnite's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	49.46%	98.32%	11.97%	-44.09%	-19.84%	25.45%	41.69%	111.35%	23.20%	7.39%	7.82%
EBITDA Growth	-1,918.56%	556.45%	-27.80%	-726.21%	77.63%	116.03%	-181.46%	2,265.24%	51.95%	-18.08%	29.77%
EBIT Growth	-110.69%	77.17%	-457.50%	-572.76%	60.34%	55.52%	-90.03%	-42.34%	-41.52%	-42.62%	140.37%
NOPAT Growth	-383.97%	70.19%	-344.75%	-530.50%	59.48%	56.64%	-96.62%	-49.48%	-39.12%	-37.44%	140.51%
Net Income Growth	-101.89%	102.26%	-4,377.96%	-757.38%	60.06%	58.79%	-109.72%	100.12%	-200,596.92%	-22.15%	114.31%
EPS Growth	40.17%	101.43%	-4,000.00%	-712.82%	61.20%	60.98%	-14.58%	100.00%	0.00%	-19.39%	113.68%
Operating Cash Flow Growth	-68.50%	1,056.60%	-21.77%	-64.18%	-205.34%	240.98%	-137.72%	1,149.23%	52.11%	11.33%	9.72%
Free Cash Flow Firm Growth	-888.82%	-78.48%	97.84%	-1,606.86%	-9.19%	68.49%	-2,163.58%	-318.43%	108.88%	86.02%	-50.55%
Invested Capital Growth	429.29%	294.40%	-12.28%	-67.62%	-15.31%	-23.27%	1,045.16%	420.57%	-13.29%	-25.29%	-5.77%
Revenue Q/Q Growth	12.28%	26.58%	-7.12%	-20.97%	8.75%	4.72%	17.82%	20.37%	2.51%	1.90%	1.06%
EBITDA Q/Q Growth	37.30%	352.37%	-64.09%	-6.54%	44.69%	31.25%	76.45%	94.22%	-6.74%	3.50%	12.38%
EBIT Q/Q Growth	7.10%	79.95%	-246.20%	-2.02%	26.05%	8.96%	9.73%	-1.65%	-51.22%	29.69%	31.81%
NOPAT Q/Q Growth	-13.18%	76.22%	-179.60%	-1.59%	25.65%	11.17%	11.44%	-5.68%	-39.92%	29.11%	-3.90%
Net Income Q/Q Growth	7.28%	102.27%	-176.68%	-1.73%	25.88%	12.84%	7.55%	-98.82%	-39.41%	29.71%	31.76%
EPS Q/Q Growth	36.94%	105.26%	-167.24%	-1.28%	26.79%	14.29%	8.33%	-100.00%	-44.12%	29.94%	23.08%
Operating Cash Flow Q/Q Growth	-62.14%	240.40%	-42.46%	4.93%	-121.76%	230.61%	-547.61%	80.91%	11.67%	0.18%	12.22%
Free Cash Flow Firm Q/Q Growth	0.00%	36.60%	-105.16%	-10.04%	-9.82%	37.86%	-0.96%	3.80%	43.01%	5.49%	170.10%
Invested Capital Q/Q Growth	996.30%	-10.56%	-9.33%	-21.53%	43.64%	21.30%	4.60%	-2.66%	-7.11%	-5.99%	-12.38%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	83.44%	76.46%	73.67%	63.46%	51.88%	63.31%	64.92%	56.95%	46.77%	33.86%	61.26%
EBITDA Margin	-4.69%	10.79%	6.96%	-77.94%	-21.75%	2.78%	-1.60%	16.37%	20.19%	15.40%	18.54%
Operating Margin	-14.99%	-2.25%	-8.95%	-100.92%	-51.02%	-17.63%	-24.47%	-17.31%	-19.54%	-25.01%	7.65%
EBIT Margin	-14.68%	-1.69%	-8.41%	-101.23%	-50.09%	-17.76%	-23.82%	-16.04%	-18.43%	-24.47%	9.16%
Profit (Net Income) Margin	-14.90%	0.17%	-6.49%	-99.51%	-49.58%	-16.29%	-24.11%	0.01%	-22.58%	-25.69%	3.41%
Tax Burden Percent	100.93%	-10.20%	78.79%	98.87%	100.58%	94.40%	101.31%	-0.07%	96.11%	101.04%	86.04%
Interest Burden Percent	100.60%	98.59%	97.90%	99.42%	98.42%	97.16%	99.91%	126.41%	127.52%	103.88%	43.26%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	13.96%
Return on Invested Capital (ROIC)	-119.25%	-5.01%	-14.87%	-151.56%	-135.95%	-72.74%	-26.46%	-6.93%	-6.15%	-10.43%	5.08%
ROIC Less NNEP Spread (ROIC-NNEP)	-110.25%	-8.47%	-14.51%	-123.42%	-120.02%	-65.77%	-11.48%	23.33%	-17.66%	-27.65%	-11.26%
Return on Net Nonoperating Assets (RNNOA)	93.48%	5.21%	8.62%	84.86%	92.20%	50.58%	4.80%	6.94%	-9.43%	-10.90%	-1.98%
Return on Equity (ROE)	-25.77%	0.21%	-6.25%	-66.70%	-43.75%	-22.16%	-21.65%	0.01%	-15.59%	-21.32%	3.10%
Cash Return on Invested Capital (CROIC)	-171.89%	-124.10%	-1.79%	-49.39%	-119.38%	-46.41%	-194.33%	-142.47%	8.08%	18.52%	11.03%
Operating Return on Assets (OROA)	-8.24%	-1.01%	-4.43%	-34.86%	-16.80%	-7.36%	-7.91%	-4.12%	-3.92%	-5.62%	2.21%
Return on Assets (ROA)	-8.37%	0.10%	-3.42%	-34.27%	-16.63%	-6.75%	-8.01%	0.00%	-4.80%	-5.89%	0.82%
Return on Common Equity (ROCE)	-16.42%	0.21%	-6.25%	-66.70%	-43.75%	-22.16%	-21.65%	0.01%	-15.59%	-21.32%	3.10%
Return on Equity Simple (ROE_SIMPLE)	-14.50%	0.15%	-6.03%	-94.03%	-52.39%	-22.76%	-14.00%	0.01%	-16.47%	-22.69%	2.97%
Net Operating Profit after Tax (NOPAT)	-13	-3.92	-17	-110	-45	-19	-38	-57	-79	-109	44
NOPAT Margin	-10.49%	-1.58%	-6.26%	-70.64%	-35.71%	-12.34%	-17.13%	-12.12%	-13.68%	-17.51%	6.58%
Net Nonoperating Expense Percent (NNEP)	-9.00%	3.47%	-0.36%	-28.14%	-15.93%	-6.98%	-14.98%	-30.26%	11.50%	17.22%	16.35%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-5.20%	-8.76%	3.32%
Cost of Revenue to Revenue	16.56%	23.54%	26.33%	36.54%	48.12%	36.69%	35.08%	43.05%	53.23%	66.14%	38.74%
SG&A Expenses to Revenue	45.81%	28.25%	24.65%	35.74%	34.03%	25.41%	23.91%	13.83%	14.10%	14.37%	14.50%
R&D to Revenue	18.13%	16.92%	18.40%	30.54%	30.37%	25.73%	23.26%	15.89%	16.25%	15.22%	14.25%
Operating Expenses to Revenue	98.42%	78.71%	82.62%	164.38%	102.89%	80.94%	89.39%	74.26%	66.32%	58.87%	53.62%
Earnings before Interest and Taxes (EBIT)	-18	-4.20	-23	-157	-62	-28	-53	-75	-106	-152	61
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-5.87	27	19	-121	-27	4.35	-3.54	77	117	95	124
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.51	2.63	1.21	0.57	1.60	3.87	9.01	2.62	1.79	1.83	2.92
Price to Tangible Book Value (P/TBV)	5.90	4.52	1.60	0.62	1.76	4.65	25.73	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	4.63	2.94	1.31	0.60	1.52	2.77	15.51	4.92	2.45	2.08	3.35
Price to Earnings (P/E)	0.00	1,729.93	0.00	0.00	0.00	0.00	0.00	35,488.08	0.00	0.00	98.30
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.02%
Enterprise Value to Invested Capital (EV/IC)	15.26	4.62	1.59	0.00	3.37	14.93	12.58	2.04	1.52	1.68	2.75
Enterprise Value to Revenue (EV/Rev)	3.86	2.32	0.63	0.00	0.81	2.20	14.98	5.98	3.14	2.42	3.46
Enterprise Value to EBITDA (EV/EBITDA)	0.00	21.51	8.98	0.00	0.00	79.17	0.00	36.52	15.56	15.69	18.65
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	37.74
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	52.56
Enterprise Value to Operating Cash Flow (EV/OCF)	72.72	7.51	2.89	0.00	0.00	10.76	0.00	22.12	9.41	6.99	9.82
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	17.49	7.77	24.23
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.82	0.92	0.76	0.72
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.82	0.91	0.76	0.72
Financial Leverage	-0.85	-0.62	-0.59	-0.69	-0.77	-0.77	-0.42	0.30	0.53	0.39	0.18
Leverage Ratio	3.08	2.05	1.83	1.95	2.63	3.28	2.70	2.89	3.24	3.62	3.77
Compound Leverage Factor	3.10	2.02	1.79	1.94	2.59	3.19	2.70	3.66	4.14	3.76	1.63
Debt to Total Capital	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	45.10%	47.86%	43.33%	41.89%
Short-Term Debt to Total Capital	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.22%	0.24%	0.29%	0.28%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	44.88%	47.62%	43.04%	41.61%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	99.92%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	54.90%	52.14%	56.67%	58.11%
Debt to EBITDA	-0.02	0.00	0.00	0.00	0.00	0.00	0.00	9.44	6.23	5.62	4.47
Net Debt to EBITDA	16.53	0.00	0.00	0.00	0.00	0.00	0.00	6.43	3.43	2.20	0.57
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	9.39	6.20	5.58	4.44
Debt to NOPAT	-0.01	0.00	0.00	0.00	0.00	0.00	0.00	-12.75	-9.20	-4.95	12.60
Net Debt to NOPAT	7.39	0.00	0.00	0.00	0.00	0.00	0.00	-8.69	-5.07	-1.94	1.60
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-12.69	-9.15	-4.91	12.52
Altman Z-Score	2.25	2.18	1.51	-1.35	-0.79	0.01	3.27	0.70	0.34	0.13	0.71
Noncontrolling Interest Sharing Ratio	36.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.54	1.46	1.79	1.40	1.25	1.17	1.16	1.14	1.18	1.09	1.14
Quick Ratio	1.49	1.43	1.75	1.36	1.22	1.15	1.13	1.13	1.16	1.07	1.13
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-54	-97	-2.10	-36	-39	-12	-279	-1,167	104	193	95
Operating Cash Flow to CapEx	34.10%	270.27%	180.00%	53.27%	-113.77%	160.82%	-54.94%	434.60%	433.70%	573.43%	499.68%
Free Cash Flow to Firm to Interest Expense	-494.73	0.00	0.00	0.00	0.00	0.00	0.00	-58.79	3.54	32.73	2.74
Operating Cash Flow to Interest Expense	60.41	0.00	0.00	0.00	0.00	0.00	0.00	6.38	6.58	36.40	6.77
Operating Cash Flow Less CapEx to Interest Expense	-116.73	0.00	0.00	0.00	0.00	0.00	0.00	4.91	5.06	30.05	5.42
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.56	0.60	0.53	0.34	0.34	0.41	0.33	0.26	0.21	0.23	0.24
Accounts Receivable Turnover	1.10	1.41	1.36	0.87	0.67	0.74	0.64	0.67	0.61	0.58	0.56
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	10.48	12.24	9.03	3.72	3.08	5.47	0.00	0.00	0.00	0.00	11.51
Accounts Payable Turnover	0.15	0.29	0.32	0.27	0.26	0.23	0.20	0.27	0.29	0.33	0.18
Days Sales Outstanding (DSO)	332.08	258.16	269.14	419.99	543.87	493.84	567.55	545.24	602.24	633.98	649.05
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	2,384.96	1,244.81	1,153.27	1,377.54	1,380.18	1,587.16	1,804.54	1,366.76	1,244.89	1,098.14	2,001.39
Cash Conversion Cycle (CCC)	-2,052.88	-986.65	-884.14	-957.55	-836.31	-1,093.32	-1,236.99	-821.52	-642.66	-464.17	-1,352.34
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	32	125	110	35	30	23	264	1,374	1,191	890	839
Invested Capital Turnover	11.37	3.17	2.37	2.15	3.81	5.89	1.54	0.57	0.45	0.60	0.77
Increase / (Decrease) in Invested Capital	41	93	-15	-74	-5.43	-6.99	241	1,110	-183	-301	-51
Enterprise Value (EV)	483	577	174	-36	101	344	3,321	2,800	1,813	1,498	2,310
Market Capitalization	580	730	364	93	189	433	3,438	2,307	1,413	1,288	2,240
Book Value per Share	$3.58	$6.27	$6.11	$3.31	$2.33	$2.11	$3.41	$6.68	$5.93	$5.09	$5.46
Tangible Book Value per Share	$2.74	$3.64	$4.63	$3.04	$2.12	$1.76	$1.19	($3.91)	($3.30)	($2.38)	($1.64)
Total Capital	129	278	300	165	118	112	382	1,604	1,518	1,238	1,322
Total Debt	0.11	0.00	0.00	0.00	0.00	0.00	0.00	724	726	537	554
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	720	723	533	550
Net Debt	-97	-153	-190	-129	-88	-89	-118	493	400	210	71
Capital Expenditures (CapEx)	19	28	33	40	20	20	22	29	44	37	47
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-14	-24	-17	-42	-28	-43	-33	-78	-121	-202	-272
Debt-free Net Working Capital (DFNWC)	84	116	173	87	60	46	85	152	205	124	211
Net Working Capital (NWC)	84	116	173	87	60	46	85	149	201	121	207
Net Nonoperating Expense (NNE)	5.53	-4.34	0.63	45	17	6.17	15	-57	51	51	21
Net Nonoperating Obligations (NNO)	-97	-153	-190	-129	-88	-89	-118	493	400	188	71
Total Depreciation and Amortization (D&A)	13	31	43	36	35	32	49	152	223	247	63
Debt-free, Cash-free Net Working Capital to Revenue	-10.79%	-9.74%	-6.05%	-26.83%	-22.79%	-27.71%	-14.80%	-16.67%	-21.04%	-32.56%	-40.77%
Debt-free Net Working Capital to Revenue	66.79%	46.50%	62.23%	56.20%	47.77%	29.12%	38.30%	32.52%	35.49%	20.08%	31.55%
Net Working Capital to Revenue	66.70%	46.50%	62.23%	56.20%	47.77%	29.12%	38.30%	31.75%	34.87%	19.50%	31.01%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.70)	$0.01	($0.39)	($3.17)	($1.23)	($0.48)	($0.55)	$0.00	($0.98)	($1.17)	$0.16
Adjusted Weighted Average Basic Shares Outstanding	37.75M	39.66M	46.66M	48.87M	51.73M	55.04M	115.57M	126.29M	132.89M	136.62M	140.56M
Adjusted Diluted Earnings per Share	($0.70)	$0.01	($0.39)	($3.17)	($1.23)	($0.48)	($0.55)	$0.00	($0.98)	($1.17)	$0.16
Adjusted Weighted Average Diluted Shares Outstanding	37.75M	44.50M	46.66M	48.87M	51.73M	55.04M	115.57M	136.26M	132.89M	136.62M	146.81M
Adjusted Basic & Diluted Earnings per Share	($0.70)	$0.00	$0.00	$0.00	($1.23)	($0.48)	($0.55)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	28.22M	47.18M	49.44M	50.25M	50.26M	52.61M	96.70M	132.27M	135.06M	139.93M	142.95M
Normalized Net Operating Profit after Tax (NOPAT)	-13	-3.92	1.32	-39	-42	-18	-26	-30	-74	-103	44
Normalized NOPAT Margin	-10.49%	-1.58%	0.48%	-25.28%	-33.78%	-11.43%	-11.59%	-6.41%	-12.78%	-16.67%	6.58%
Pre Tax Income Margin	-14.77%	-1.67%	-8.24%	-100.64%	-49.30%	-17.26%	-23.80%	-20.28%	-23.50%	-25.42%	3.96%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-167.19	0.00	0.00	0.00	0.00	0.00	0.00	-3.79	-3.63	-25.75	1.76
NOPAT to Interest Expense	-119.50	0.00	0.00	0.00	0.00	0.00	0.00	-2.86	-2.70	-18.43	1.27
EBIT Less CapEx to Interest Expense	-344.33	0.00	0.00	0.00	0.00	0.00	0.00	-5.25	-5.15	-32.10	0.41
NOPAT Less CapEx to Interest Expense	-296.63	0.00	0.00	0.00	0.00	0.00	0.00	-4.33	-4.22	-24.77	-0.09
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-16.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	9,241.54%	-12.02%	0.00%	63.96%

This table displays calculated financial ratios and metrics derived from Magnite's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.57%	8.75%	10.23%	10.71%	2.93%	6.58%	14.73%	6.78%	7.94%	3.76%	4.32%
EBITDA Growth	6.41%	-14.93%	-124.15%	-31.86%	-15.45%	6.72%	330.55%	25.33%	12.20%	26.65%	198.13%
EBIT Growth	18.10%	-736.56%	-151.77%	-291.54%	15.63%	205.74%	89.72%	114.75%	189.25%	44.89%	69.10%
NOPAT Growth	11.66%	-885.20%	-152.35%	-208.62%	15.66%	263.87%	86.24%	94.21%	201.12%	5.83%	90.14%
Net Income Growth	-0.30%	-8,132.01%	-121.41%	-196.10%	28.35%	184.96%	82.01%	98.54%	129.83%	17.77%	45.75%
EPS Growth	0.00%	-1,000.00%	-114.71%	-184.21%	27.78%	185.19%	82.19%	98.15%	130.77%	13.04%	46.15%
Operating Cash Flow Growth	30.42%	29.33%	-242.81%	75.13%	105.70%	0.43%	-95.55%	20.85%	11.32%	28.75%	104.24%
Free Cash Flow Firm Growth	109.70%	114.68%	112.55%	172.37%	183.42%	105.42%	-51.48%	-94.77%	-99.32%	-74.24%	190.44%
Invested Capital Growth	-9.13%	-13.29%	-15.57%	-21.96%	-26.18%	-25.29%	-6.81%	-1.50%	1.10%	-5.77%	-18.69%
Revenue Q/Q Growth	5.83%	20.29%	-25.80%	17.21%	-1.61%	24.55%	-20.12%	9.08%	-0.54%	19.73%	-19.69%
EBITDA Q/Q Growth	1.85%	57.30%	-104.07%	1,145.93%	26.37%	98.55%	-91.21%	468.59%	13.13%	124.11%	-79.32%
EBIT Q/Q Growth	0.57%	-74.78%	-219.37%	29.45%	78.58%	319.06%	-131.05%	201.18%	29.67%	255.64%	-106.62%
NOPAT Q/Q Growth	9.06%	-34.92%	-252.10%	28.56%	75.15%	362.14%	-129.56%	69.96%	534.32%	174.33%	-102.76%
Net Income Q/Q Growth	2.26%	-49.17%	-171.35%	25.16%	76.35%	276.88%	-157.44%	93.93%	583.67%	598.25%	-126.46%
EPS Q/Q Growth	5.26%	-50.00%	-170.37%	26.03%	75.93%	276.92%	-156.52%	92.31%	500.00%	550.00%	-126.92%
Operating Cash Flow Q/Q Growth	-5.73%	122.36%	-134.83%	339.91%	10.72%	8.56%	-167.81%	248.26%	1.99%	25.56%	-97.77%
Free Cash Flow Firm Q/Q Growth	30.48%	42.53%	-13.30%	68.93%	35.77%	3.31%	-71.74%	-81.78%	-82.42%	3,827.69%	130.92%
Invested Capital Q/Q Growth	-2.33%	-7.11%	-3.78%	-10.60%	-7.61%	-5.99%	8.77%	-5.50%	-5.17%	-12.38%	3.56%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	50.79%	36.71%	4.09%	14.66%	43.45%	62.54%	55.87%	61.56%	61.39%	65.05%	59.69%
EBITDA Margin	20.92%	27.35%	-1.50%	13.38%	17.18%	27.39%	3.01%	15.70%	17.86%	33.43%	8.61%
Operating Margin	-14.51%	-16.27%	-77.21%	-47.07%	-11.89%	18.79%	-9.26%	5.88%	9.34%	20.73%	-0.88%
EBIT Margin	-12.21%	-17.75%	-76.38%	-45.98%	-10.01%	17.61%	-6.85%	6.35%	8.28%	24.59%	-2.03%
Profit (Net Income) Margin	-16.73%	-20.74%	-75.86%	-48.44%	-11.64%	16.54%	-11.89%	-0.66%	3.22%	18.77%	-6.18%
Tax Burden Percent	98.25%	93.02%	99.69%	100.91%	94.76%	93.22%	69.46%	-30.37%	83.52%	86.15%	91.87%
Interest Burden Percent	139.39%	125.66%	99.62%	104.41%	122.75%	100.75%	250.13%	34.32%	46.55%	88.61%	332.08%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	6.78%	0.00%	130.37%	16.48%	13.85%	0.00%
Return on Invested Capital (ROIC)	-4.24%	-5.12%	-25.43%	-17.02%	-4.54%	10.43%	-3.74%	-1.14%	5.41%	13.81%	-0.43%
ROIC Less NNEP Spread (ROIC-NNEP)	-6.15%	-8.80%	-31.34%	-22.49%	-5.84%	9.81%	-5.73%	-0.59%	2.59%	15.17%	-3.90%
Return on Net Nonoperating Assets (RNNOA)	-3.67%	-4.70%	-19.52%	-13.18%	-3.06%	3.87%	-3.33%	-0.29%	0.99%	2.67%	-1.36%
Return on Equity (ROE)	-7.91%	-9.82%	-44.95%	-30.20%	-7.60%	14.30%	-7.07%	-1.43%	6.40%	16.48%	-1.78%
Cash Return on Invested Capital (CROIC)	5.38%	8.08%	7.18%	11.38%	16.39%	18.52%	2.73%	2.41%	3.71%	11.03%	25.49%
Operating Return on Assets (OROA)	-2.72%	-3.78%	-18.17%	-11.04%	-2.45%	4.04%	-1.79%	1.63%	2.11%	5.93%	-0.53%
Return on Assets (ROA)	-3.72%	-4.41%	-18.05%	-11.63%	-2.85%	3.80%	-3.11%	-0.17%	0.82%	4.52%	-1.63%
Return on Common Equity (ROCE)	-7.91%	-9.82%	-44.95%	-30.20%	-7.60%	14.30%	-7.07%	-1.43%	6.40%	16.48%	-1.78%
Return on Equity Simple (ROE_SIMPLE)	-11.53%	0.00%	-26.16%	-35.77%	-34.73%	0.00%	-11.25%	-0.76%	2.38%	0.00%	4.17%
Net Operating Profit after Tax (NOPAT)	-15	-20	-70	-50	-12	33	-9.68	-2.91	13	35	-0.95
NOPAT Margin	-10.16%	-11.39%	-54.05%	-32.95%	-8.32%	17.51%	-6.48%	-1.79%	7.80%	17.86%	-0.61%
Net Nonoperating Expense Percent (NNEP)	1.90%	3.67%	5.91%	5.47%	1.30%	0.62%	1.98%	-0.55%	2.82%	-1.36%	3.47%
Return On Investment Capital (ROIC_SIMPLE)	-	-1.32%	-	-	-	2.64%	-	-	-	2.62%	-0.07%
Cost of Revenue to Revenue	49.21%	63.29%	95.91%	85.34%	56.55%	37.46%	44.14%	38.44%	38.61%	34.95%	40.31%
SG&A Expenses to Revenue	13.88%	12.53%	16.20%	16.81%	14.18%	11.25%	17.86%	13.89%	15.12%	11.90%	15.37%
R&D to Revenue	17.24%	12.85%	18.61%	15.33%	15.68%	12.40%	18.01%	15.86%	12.51%	11.48%	14.31%
Operating Expenses to Revenue	65.30%	52.98%	81.30%	61.73%	55.34%	43.75%	65.13%	55.69%	52.06%	44.32%	60.56%
Earnings before Interest and Taxes (EBIT)	-18	-31	-99	-70	-15	33	-10	10	13	48	-3.16
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	31	48	-1.95	20	26	51	4.50	26	29	65	13
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.08	1.79	1.77	2.84	1.58	1.83	2.16	2.61	2.69	2.92	2.20
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.55	2.45	2.12	3.06	1.70	2.08	2.35	2.87	2.96	3.35	2.42
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	113.04	98.30	52.77
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.88%	1.02%	1.90%
Enterprise Value to Invested Capital (EV/IC)	1.05	1.52	1.48	2.17	1.40	1.68	1.76	2.14	2.28	2.75	2.02
Enterprise Value to Revenue (EV/Rev)	2.39	3.14	2.87	3.68	2.18	2.42	2.94	3.32	3.31	3.46	2.61
Enterprise Value to EBITDA (EV/EBITDA)	10.77	15.56	15.89	22.93	14.39	15.69	18.42	20.15	19.84	18.65	13.24
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	119.78	47.07	37.74	25.74
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	236.59	47.80	52.56	37.20
Enterprise Value to Operating Cash Flow (EV/OCF)	7.80	9.41	12.08	12.94	6.20	6.99	10.15	10.77	10.43	9.82	5.90
Enterprise Value to Free Cash Flow (EV/FCFF)	18.57	17.49	18.82	16.71	7.26	7.77	62.07	88.11	61.94	24.23	7.12
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.90	0.92	0.96	0.98	0.93	0.76	0.90	0.87	0.85	0.72	0.75
Long-Term Debt to Equity	0.89	0.91	0.96	0.97	0.92	0.76	0.87	0.84	0.82	0.72	0.47
Financial Leverage	0.60	0.53	0.62	0.59	0.52	0.39	0.58	0.49	0.38	0.18	0.35
Leverage Ratio	3.00	3.24	3.21	3.41	3.40	3.62	3.49	3.70	3.76	3.77	3.57
Compound Leverage Factor	4.18	4.08	3.20	3.56	4.17	3.64	8.72	1.27	1.75	3.34	11.85
Debt to Total Capital	47.24%	47.86%	49.00%	49.46%	48.13%	43.33%	47.36%	46.63%	46.01%	41.89%	42.87%
Short-Term Debt to Total Capital	0.23%	0.24%	0.26%	0.28%	0.29%	0.29%	1.78%	1.77%	1.63%	0.28%	15.99%
Long-Term Debt to Total Capital	47.00%	47.62%	48.74%	49.18%	47.85%	43.04%	45.58%	44.86%	44.38%	41.61%	26.88%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	52.76%	52.14%	51.00%	50.54%	51.87%	56.67%	52.64%	53.37%	53.99%	58.11%	57.13%
Debt to EBITDA	5.81	6.23	6.36	6.59	6.56	5.62	6.14	5.82	5.61	4.47	4.19
Net Debt to EBITDA	3.78	3.43	4.14	3.84	3.20	2.20	3.66	2.77	2.10	0.57	0.96
Long-Term Debt to EBITDA	5.78	6.20	6.33	6.55	6.52	5.58	5.91	5.60	5.41	4.44	2.63
Debt to NOPAT	-12.86	-9.20	-5.58	-4.11	-3.95	-4.95	-13.08	68.32	13.53	12.60	11.78
Net Debt to NOPAT	-8.37	-5.07	-3.63	-2.40	-1.93	-1.94	-7.79	32.52	5.06	1.60	2.68
Long-Term Debt to NOPAT	-12.80	-9.15	-5.55	-4.09	-3.93	-4.91	-12.59	65.72	13.05	12.52	7.38
Altman Z-Score	0.31	0.43	0.26	0.45	0.23	0.36	0.42	0.53	0.55	0.70	0.39
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.17	1.18	1.16	1.14	1.12	1.09	1.10	1.10	1.11	1.14	0.98
Quick Ratio	1.15	1.16	1.13	1.11	1.10	1.07	1.08	1.09	1.10	1.13	0.96
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	114	163	141	238	323	334	68	12	2.19	86	199
Operating Cash Flow to CapEx	302.38%	582.97%	-413.73%	669.70%	1,205.86%	739.66%	-652.95%	673.23%	504.32%	1,791.86%	14.89%
Free Cash Flow to Firm to Interest Expense	16.26	20.36	0.00	76.99	94.60	0.00	4.46	1.83	0.31	15.83	27.11
Operating Cash Flow to Interest Expense	5.69	11.11	0.00	23.96	24.01	0.00	-3.94	13.19	12.75	21.11	0.35
Operating Cash Flow Less CapEx to Interest Expense	3.81	9.20	0.00	20.38	22.02	0.00	-4.54	11.23	10.22	19.93	-2.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.22	0.21	0.24	0.24	0.24	0.23	0.26	0.26	0.26	0.24	0.26
Accounts Receivable Turnover	0.72	0.61	0.71	0.67	0.70	0.58	0.68	0.64	0.63	0.56	0.66
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	14.39	0.00	14.61	14.29	13.28	0.00	12.63	11.89	11.95	11.51	10.02
Accounts Payable Turnover	0.31	0.29	0.41	0.44	0.45	0.33	0.34	0.24	0.21	0.18	0.21
Days Sales Outstanding (DSO)	508.78	602.24	513.68	542.31	522.60	633.98	535.65	570.88	579.97	649.05	555.38
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	1,192.60	1,244.89	886.34	831.90	805.78	1,098.14	1,078.33	1,494.93	1,737.42	2,001.39	1,734.07
Cash Conversion Cycle (CCC)	-683.82	-642.66	-372.66	-289.59	-283.18	-464.17	-542.68	-924.05	-1,157.45	-1,352.34	-1,178.68
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,283	1,191	1,146	1,025	947	890	1,068	1,009	957	839	869
Invested Capital Turnover	0.42	0.45	0.47	0.52	0.55	0.60	0.58	0.64	0.69	0.77	0.70
Increase / (Decrease) in Invested Capital	-129	-183	-211	-288	-336	-301	-78	-15	10	-51	-200
Enterprise Value (EV)	1,346	1,813	1,692	2,223	1,327	1,498	1,877	2,157	2,186	2,310	1,758
Market Capitalization	873	1,413	1,251	1,851	1,033	1,288	1,504	1,861	1,955	2,240	1,631
Book Value per Share	$6.10	$5.93	$5.22	$4.81	$4.76	$5.09	$4.97	$5.09	$5.14	$5.46	$5.19
Tangible Book Value per Share	($3.69)	($3.30)	($3.26)	($3.05)	($2.81)	($2.38)	($2.33)	($2.15)	($1.99)	($1.64)	($1.75)
Total Capital	1,536	1,518	1,383	1,291	1,257	1,238	1,321	1,336	1,344	1,322	1,298
Total Debt	726	726	678	639	605	537	626	623	619	554	557
Total Long-Term Debt	722	723	674	635	602	533	602	599	597	550	349
Net Debt	472	400	441	372	295	210	373	297	231	71	127
Capital Expenditures (CapEx)	13	15	7.47	11	6.81	12	9.25	13	18	6.40	17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-90	-121	-78	-120	-169	-202	-111	-164	-206	-272	-246
Debt-free Net Working Capital (DFNWC)	164	205	158	146	142	124	142	163	182	211	184
Net Working Capital (NWC)	160	201	155	143	138	121	119	139	160	207	-23
Net Nonoperating Expense (NNE)	9.58	16	28	24	4.99	1.83	8.08	-1.83	7.42	-1.76	8.68
Net Nonoperating Obligations (NNO)	472	400	441	372	295	188	373	297	231	71	127
Total Depreciation and Amortization (D&A)	48	79	97	91	41	18	15	15	16	17	17
Debt-free, Cash-free Net Working Capital to Revenue	-15.93%	-21.04%	-13.30%	-19.85%	-27.75%	-32.56%	-17.30%	-25.21%	-31.10%	-40.77%	-36.40%
Debt-free Net Working Capital to Revenue	29.11%	35.49%	26.85%	24.26%	23.30%	20.08%	22.28%	25.07%	27.47%	31.55%	27.30%
Net Working Capital to Revenue	28.47%	34.87%	26.24%	23.66%	22.71%	19.50%	18.59%	21.43%	24.16%	31.01%	-3.47%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.18)	($0.27)	($0.73)	($0.54)	($0.13)	$0.23	($0.13)	($0.01)	$0.04	$0.26	($0.07)
Adjusted Weighted Average Basic Shares Outstanding	133.14M	132.89M	134.67M	136.16M	137.37M	136.62M	139.30M	140.55M	141.27M	140.56M	141.85M
Adjusted Diluted Earnings per Share	($0.18)	($0.27)	($0.73)	($0.54)	($0.13)	$0.23	($0.13)	($0.01)	$0.04	$0.26	($0.07)
Adjusted Weighted Average Diluted Shares Outstanding	133.14M	132.89M	134.67M	136.16M	137.37M	136.62M	139.30M	140.55M	148.70M	146.81M	141.85M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	133.38M	135.06M	135.57M	136.96M	137.85M	139.93M	140.02M	141.15M	140.69M	142.95M	141.11M
Normalized Net Operating Profit after Tax (NOPAT)	-15	-20	-65	-50	-12	33	-9.68	6.70	13	35	-0.95
Normalized NOPAT Margin	-10.16%	-11.39%	-50.04%	-32.95%	-8.32%	17.51%	-6.48%	4.11%	7.80%	17.86%	-0.61%
Pre Tax Income Margin	-17.03%	-22.30%	-76.10%	-48.00%	-12.29%	17.74%	-17.12%	2.18%	3.85%	21.79%	-6.73%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-2.54	-3.90	0.00	-22.67	-4.40	0.00	-0.67	1.52	1.87	8.78	-0.43
NOPAT to Interest Expense	-2.11	-2.50	0.00	-16.25	-3.65	0.00	-0.63	-0.43	1.76	6.38	-0.13
EBIT Less CapEx to Interest Expense	-4.42	-5.80	0.00	-26.25	-6.39	0.00	-1.27	-0.44	-0.66	7.60	-2.78
NOPAT Less CapEx to Interest Expense	-3.99	-4.41	0.00	-19.83	-5.65	0.00	-1.23	-2.39	-0.77	5.20	-2.48
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-23.18%	-12.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	52.08%	63.96%	109.36%

Key Financial Trends

Magnite (NASDAQ:MGNI) delivered a mixed Q1 2025, with revenue of $155.8 million—up 4.3% year-over-year—and a gross margin of 59.7%. The company narrowed its operating loss to $1.36 million (–0.9% operating margin) and reported a net loss of $9.63 million (–$0.07 EPS) compared with wider losses in Q1 2024. Free cash flow remained strong at $198.7 million (including working capital), and operating cash flow turned positive at $2.6 million. Total debt stands at $556.6 million, with net debt of $126.9 million and net debt/EBITDA of 0.96×. Shareholders’ equity is $741.8 million, supporting a book value per share of $5.19.

Operating cash flow turned positive at $2.6 million in Q1 2025, vs. a $60.4 million outflow a year ago.
Gross margin remained robust at 59.7%, supporting high profitability potential.
Operating loss narrowed materially to $1.36 million (–0.9% margin) from –$13.8 million (–9.3%) in Q1 2024.
Net debt/EBITDA improved to 0.96×, indicating manageable leverage levels.
Free cash flow to firm of $198.7 million highlights healthy cash generation after capex.
Revenue growth was modest at 4.3% year-over-year, indicating steady but not accelerating top-line momentum.
Capital expenditures rose to $17.2 million, reflecting increased investment in infrastructure.
Book value per share stands at $5.19, providing a solid equity cushion at current market valuation.
The company remains unprofitable with a net loss of $9.63 million, translating to –$0.07 EPS.
Heavy financing outflows of $39.5 million in Q1 2025 reflect substantial debt servicing and equity repurchases.

06/23/25 10:02 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Magnite's Financials

When does Magnite's fiscal year end?

According to the most recent income statement we have on file, Magnite's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Magnite's net income changed over the last 10 years?

Magnite's net income appears to be on an upward trend, with a most recent value of $22.79 million in 2024, falling from -$18.67 million in 2014. The previous period was -$159.18 million in 2023. See Magnite's forecast for analyst expectations on what’s next for the company.

What is Magnite's operating income?

Magnite's total operating income in 2024 was $51.09 million, based on the following breakdown:

Total Gross Profit: $409.33 million
Total Operating Expenses: $358.25 million

How has Magnite's revenue changed over the last 10 years?

Over the last 10 years, Magnite's total revenue changed from $125.30 million in 2014 to $668.17 million in 2024, a change of 433.3%.

How much debt does Magnite have?

Magnite's total liabilities were at $2.09 billion at the end of 2024, a 5.0% increase from 2023, and a 1,144.0% increase since 2014.

How much cash does Magnite have?

In the past 10 years, Magnite's cash and equivalents has ranged from $76.64 million in 2017 to $483.22 million in 2024, and is currently $483.22 million as of their latest financial filing in 2024.

How has Magnite's book value per share changed over the last 10 years?

Over the last 10 years, Magnite's book value per share changed from 3.58 in 2014 to 5.46 in 2024, a change of 52.5%.

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This page (NASDAQ:MGNI) was last updated on 6/23/2025 by MarketBeat.com Staff

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Magnite (MGNI) Financials

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Magnite (MGNI) Financials

Annual Income Statements for Magnite

Quarterly Income Statements for Magnite

Annual Cash Flow Statements for Magnite

Quarterly Cash Flow Statements for Magnite

Annual Balance Sheets for Magnite

Quarterly Balance Sheets for Magnite

Annual Metrics And Ratios for Magnite

Quarterly Metrics And Ratios for Magnite

Key Financial Trends

Frequently Asked Questions About Magnite's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools