Magnite (MGNI) Financials

$13.39 -0.21 (-1.54%)

Closing price 04:00 PM Eastern

Extended Trading

$13.44 +0.05 (+0.37%)

As of 06:53 PM 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	0.42	-18	-155	-62	-25	-53	0.07	-130	-159	23	145
Consolidated Net Income / (Loss)	0.42	-18	-155	-62	-25	-53	0.07	-130	-159	23	145
Net Income / (Loss) Continuing Operations	0.42	-18	-155	-62	-25	-53	0.07	-130	-159	23	145
Total Pre-Tax Income	-4.14	-23	-157	-61	-27	-53	-95	-136	-158	26	71
Total Operating Income	-5.60	-25	-157	-64	-28	-54	-81	-113	-155	51	98
Total Gross Profit	190	205	99	65	99	144	267	270	210	409	447
Total Revenue	248	278	156	125	156	222	468	577	620	668	714
Operating Revenue	248	278	156	125	156	222	468	577	620	668	714
Total Cost of Revenue	58	73	57	60	57	78	202	307	410	259	267
Operating Cost of Revenue	58	73	57	60	57	78	202	307	410	259	267
Total Operating Expenses	196	230	256	128	127	198	348	383	365	358	350
Selling, General & Admin Expense	70	69	56	42	40	53	65	81	89	97	93
Marketing Expense	83	83	52	45	45	76	170	200	174	166	172
Research & Development Expense	42	51	48	38	40	52	74	94	94	95	85
Restructuring Charge	0.00	3.32	5.96	3.44	2.04	18	38	7.47	7.47	0.00	0.16
Total Other Income / (Expense), net	1.46	1.98	0.43	2.14	0.59	1.50	-14	-23	-2.54	-25	-27
Interest Expense	-0.06	-0.49	-0.91	-0.99	-0.79	-0.05	20	29	5.89	35	21
Other Income / (Expense), net	1.40	1.49	-0.48	1.16	-0.20	1.45	5.93	6.45	3.35	10	-5.90
Income Tax Expense	-4.56	-4.86	-1.80	0.36	-1.51	0.69	-95	-5.27	1.64	3.70	-74
Basic Earnings per Share	$0.01	($0.39)	($3.17)	($1.23)	($0.48)	($0.55)	$0.00	($0.98)	($1.17)	$0.16	$1.01
Weighted Average Basic Shares Outstanding	39.66M	46.66M	48.87M	50.26M	52.61M	96.70M	126.29M	132.89M	136.62M	140.56M	142.56M
Diluted Earnings per Share	$0.01	($0.39)	($3.17)	($1.23)	($0.48)	($0.55)	$0.00	($0.98)	($1.17)	$0.16	$0.95
Weighted Average Diluted Shares Outstanding	44.50M	46.66M	48.87M	50.26M	52.61M	96.70M	136.26M	132.89M	136.62M	146.81M	153.77M
Weighted Average Basic & Diluted Shares Outstanding	42.20M	49.44M	48.87M	50.26M	52.61M	96.70M	132.27M	135.06M	139.93M	142.95M	144.36M

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-74	-17	31	-18	-1.08	5.21	36	-9.63	11	20	123
Consolidated Net Income / (Loss)	-74	-17	31	-18	-1.08	5.21	36	-9.63	11	20	123
Net Income / (Loss) Continuing Operations	-74	-17	31	-18	-1.08	5.21	36	-9.63	11	20	123
Total Pre-Tax Income	-73	-18	33	-26	3.55	6.24	42	-10	12	21	48
Total Operating Income	-72	-18	35	-14	9.57	15	40	-1.36	22	25	52
Total Gross Profit	22	65	117	83	100	99	126	93	108	110	136
Total Revenue	153	150	187	149	163	162	194	156	173	179	205
Operating Revenue	153	150	187	149	163	162	194	156	173	179	205
Total Cost of Revenue	130	85	70	66	63	63	68	63	65	69	70
Operating Cost of Revenue	130	85	70	66	63	63	68	63	65	69	70
Total Operating Expenses	94	83	82	97	91	84	86	94	86	85	84
Selling, General & Admin Expense	26	21	21	27	23	24	23	24	23	25	22
Marketing Expense	45	38	38	44	42	40	41	48	42	40	41
Research & Development Expense	23	24	23	27	26	20	22	22	22	20	21
Total Other Income / (Expense), net	-1.43	-0.60	-1.96	-12	-6.03	-8.88	2.04	-9.12	-9.86	-4.10	-3.89
Interest Expense	3.09	3.42	-0.25	15	6.79	7.17	5.43	7.33	5.07	4.67	4.01
Other Income / (Expense), net	1.66	2.82	-2.21	3.61	0.77	-1.71	7.47	-1.79	-4.79	0.57	0.12
Income Tax Expense	0.66	-0.97	2.25	-7.81	4.63	1.03	5.85	-0.85	0.96	0.89	-75
Basic Earnings per Share	($0.54)	($0.13)	$0.23	($0.13)	($0.01)	$0.04	$0.26	($0.07)	$0.08	$0.14	$0.86
Weighted Average Basic Shares Outstanding	136.16M	137.37M	136.62M	139.30M	140.55M	141.27M	140.56M	141.85M	141.65M	143.01M	142.56M
Diluted Earnings per Share	($0.54)	($0.13)	$0.23	($0.13)	($0.01)	$0.04	$0.26	($0.07)	$0.08	$0.13	$0.81
Weighted Average Diluted Shares Outstanding	136.16M	137.37M	136.62M	139.30M	140.55M	148.70M	146.81M	141.85M	148.26M	153.17M	153.77M
Weighted Average Basic & Diluted Shares Outstanding	136.96M	137.85M	139.93M	140.02M	141.15M	140.69M	142.95M	141.11M	142.40M	143.65M	144.36M

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Net Change in Cash & Equivalents	18	33	-73	3.98	8.44	29	113	96	-0.28	157	70
Net Cash From Operating Activities	77	60	22	-23	32	-12	127	193	214	235	236
Net Cash From Continuing Operating Activities	77	60	22	-23	33	-12	127	193	214	235	236
Net Income / (Loss) Continuing Operations	0.42	-18	-155	-62	-25	-53	0.07	-130	-159	23	145
Consolidated Net Income / (Loss)	0.42	-18	-155	-62	-25	-53	0.07	-130	-159	23	145
Depreciation Expense	31	43	36	35	32	49	147	216	241	59	54
Amortization Expense	-	-	-	-	0.00	0.00	4.93	6.79	6.28	4.12	3.64
Non-Cash Adjustments To Reconcile Net Income	31	52	117	16	21	26	38	68	50	73	84
Changes in Operating Assets and Liabilities, net	14	-16	23	-12	5.34	-34	-64	32	76	77	-50
Net Cash From Investing Activities	-74	-37	-93	28	-23	33	-691	-65	-37	-48	-93
Net Cash From Continuing Investing Activities	-74	-37	-93	28	-23	33	-691	-65	-37	-48	-93
Purchase of Property, Plant & Equipment	-28	-33	-40	-20	-20	-22	-29	-44	-37	-47	-84
Acquisitions	-8.65	-0.24	-39	0.00	-11	55	-662	-21	0.00	0.00	-8.10
Other Investing Activities, net	-	-	-	-	-	-	-	0.00	0.00	-0.43	-0.36
Net Cash From Financing Activities	15	10	-1.38	-1.28	-0.21	7.35	678	-30	-178	-29	-75
Net Cash From Continuing Financing Activities	15	10	-1.38	-1.28	-0.21	7.35	678	-30	-178	-29	-75
Repayment of Debt	-0.11	0.00	-	-	0.00	0.00	-33	-4.41	-169	-409	-96
Repurchase of Common Equity	-	-	-	-	0.00	0.00	-6.01	-16	0.00	-15	-46
Issuance of Debt	-	-	-	-	0.00	0.00	749	0.00	0.00	413	93
Issuance of Common Equity	2.04	1.89	0.63	0.31	1.05	1.66	3.71	3.74	3.51	3.59	3.94
Other Financing Activities, net	14	8.19	-2.01	-1.59	-1.26	5.69	-36	-14	-12	-22	-30
Effect of Exchange Rate Changes	-0.16	-0.16	-	-	-	0.92	-0.68	-1.42	0.58	-1.79	1.82
Cash Interest Paid	0.06	0.06	0.06	0.05	0.06	0.10	13	26	37	37	28
Cash Income Taxes Paid	1.07	1.29	0.38	0.38	0.29	1.61	2.14	4.93	5.36	3.87	3.76

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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	30	44	16	-73	74	61	96	-54	-3.70	56	71
Net Cash From Operating Activities	74	82	89	-60	90	91	115	2.56	19	87	128
Net Cash From Continuing Operating Activities	74	83	88	-60	90	91	115	2.56	19	87	128
Net Income / (Loss) Continuing Operations	-74	-17	31	-18	-1.08	5.21	36	-9.63	11	20	123
Consolidated Net Income / (Loss)	-74	-17	31	-18	-1.08	5.21	36	-9.63	11	20	123
Depreciation Expense	89	39	17	14	14	15	16	16	12	12	14
Amortization Expense	1.60	1.55	1.46	1.15	1.00	0.99	0.98	0.97	0.89	0.89	0.89
Non-Cash Adjustments To Reconcile Net Income	17	10	13	24	20	21	8.58	27	21	15	20
Changes in Operating Assets and Liabilities, net	40	49	26	-81	55	50	53	-32	-27	38	-29
Net Cash From Investing Activities	-11	-6.81	-12	-9.25	-13	-18	-6.83	-17	-16	-30	-29
Net Cash From Continuing Investing Activities	-11	-6.81	-12	-9.25	-13	-18	-6.83	-17	-16	-30	-29
Purchase of Property, Plant & Equipment	-11	-6.81	-12	-9.25	-13	-18	-6.40	-17	-16	-22	-29
Net Cash From Financing Activities	-33	-31	-62	-3.10	-2.55	-14	-9.46	-39	-7.94	0.35	-28
Net Cash From Continuing Financing Activities	-33	-31	-62	-3.10	-2.55	-14	-9.46	-39	-7.94	0.35	-28
Repayment of Debt	-35	-30	-62	-356	-0.91	-52	-0.91	-93	-0.91	-0.91	-0.91
Repurchase of Common Equity	-	-	-	0.00	-	-	-5.57	-19	-3.65	-	-23
Issuance of Common Equity	-	-	1.59	-	-	-	1.61	-	-	-	1.83
Other Financing Activities, net	-0.02	-0.22	-1.85	-8.94	-3.62	-4.76	-4.59	-20	-5.49	1.25	-5.57
Effect of Exchange Rate Changes	-0.01	-0.47	0.78	-0.62	-0.09	1.35	-2.43	0.58	1.76	-0.36	-0.15
Cash Interest Paid	8.96	9.67	9.42	7.18	11	11	8.12	6.68	7.80	7.20	6.49
Cash Income Taxes Paid	1.52	1.53	0.76	0.73	1.21	1.22	0.71	0.57	1.47	0.80	0.92

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Total Assets	537	520	384	360	395	939	2,713	2,712	2,689	2,855	3,164
Total Current Assets	366	392	305	301	313	607	1,178	1,326	1,523	1,703	1,882
Cash & Equivalents	116	149	77	80	89	118	230	326	326	483	553
Accounts Receivable	218	192	166	206	218	472	928	977	1,176	1,200	1,302
Prepaid Expenses	7.72	9.54	9.62	6.88	6.59	18	20	24	21	20	26
Plant, Property, & Equipment, net	25	36	47	33	24	0.00	0.00	0.00	47	69	109
Total Noncurrent Assets	146	92	32	26	58	332	1,534	1,386	1,097	1,083	1,174
Goodwill	66	66	-	0.00	7.37	158	970	978	978	978	984
Intangible Assets	51	6.80	13	10	11	90	427	254	51	21	12
Other Noncurrent Operating Assets	16	19	18	16	40	84	138	154	67	83	178
Total Liabilities & Shareholders' Equity	537	520	384	360	395	939	2,713	2,712	2,689	2,855	3,164
Total Liabilities	259	220	219	242	283	557	1,832	1,921	1,987	2,087	2,242
Total Current Liabilities	250	218	217	241	267	522	1,029	1,125	1,402	1,496	1,842
Short-Term Debt	-	-	-	-	-	0.00	3.60	3.60	3.60	3.64	208
Accounts Payable	248	215	214	240	259	509	1,001	1,094	1,372	1,466	1,608
Other Current Liabilities	2.20	3.53	3.14	1.30	8.06	13	25	27	26	26	26
Total Noncurrent Liabilities	8.47	1.83	1.78	1.02	16	35	802	796	585	591	400
Long-Term Debt	-	-	-	-	-	0.00	720	723	533	550	348
Other Noncurrent Operating Liabilities	2.25	1.78	1.78	1.02	16	35	69	68	52	40	53
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	278	300	165	118	112	382	881	791	702	768	922
Total Preferred & Common Equity	278	300	165	118	112	382	881	791	702	768	922
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	278	300	165	118	112	382	881	791	702	768	922
Common Stock	358	399	418	434	453	777	1,283	1,319	1,388	1,434	1,440
Retained Earnings	-80	-99	-254	-316	-341	-395	-394	-525	-684	-661	-517
Accumulated Other Comprehensive Income / (Loss)	-0.02	-0.27	0.04	-0.26	-0.05	-0.96	-1.38	-3.15	-2.08	-4.42	-1.45

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	Q2 2025	Q3 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	6/30/2025	9/30/2025
Total Assets	2,529	2,430	2,408	2,445	2,454	2,643	2,738	2,675	2,927	2,921
Total Current Assets	1,079	1,137	1,197	1,269	1,273	1,468	1,573	1,515	1,757	1,726
Cash & Equivalents	254	237	266	311	253	326	387	430	426	482
Accounts Receivable	804	875	908	937	1,000	1,122	1,164	1,053	1,303	1,215
Prepaid Expenses	21	25	22	21	21	19	22	32	27	28
Plant, Property, & Equipment, net	45	46	46	46	56	63	65	79	90	97
Total Noncurrent Assets	1,404	1,247	1,165	1,130	1,125	1,112	1,100	1,080	1,081	1,098
Goodwill	978	978	978	978	978	978	978	978	978	984
Intangible Assets	323	167	88	59	43	36	28	14	11	15
Other Noncurrent Operating Assets	104	102	98	93	103	98	93	88	92	99
Total Liabilities & Shareholders' Equity	2,529	2,430	2,408	2,445	2,454	2,643	2,738	2,675	2,927	2,921
Total Liabilities	1,719	1,725	1,755	1,793	1,759	1,930	2,012	1,933	2,159	2,113
Total Current Liabilities	919	982	1,054	1,131	1,155	1,329	1,414	1,538	1,765	1,713
Short-Term Debt	3.60	3.60	3.60	3.60	24	24	22	208	208	208
Accounts Payable	890	950	1,022	1,101	1,123	1,299	1,385	1,307	1,530	1,480
Other Current Liabilities	25	28	28	27	7.73	6.22	7.01	24	27	25
Total Noncurrent Liabilities	800	742	701	662	604	601	598	394	394	400
Long-Term Debt	722	674	635	602	549	549	550	349	349	348
Other Noncurrent Operating Liabilities	66	64	61	56	1.58	1.52	1.63	45	45	52
Commitments & Contingencies	0.00	0.00	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	768	808
Total Preferred & Common Equity	811	705	653	652	695	713	726	742	768	808
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	811	705	653	652	695	713	726	742	768	808
Common Stock	1,304	1,332	1,353	1,371	1,400	1,419	1,425	1,416	1,429	1,449
Retained Earnings	-488	-624	-697	-715	-702	-703	-698	-671	-660	-640
Accumulated Other Comprehensive Income / (Loss)	-5.29	-2.78	-2.68	-3.64	-3.09	-3.18	-1.09	-3.59	-1.07	-1.53

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	98.32%	11.97%	-44.09%	-19.84%	25.45%	41.69%	111.35%	23.20%	7.39%	7.82%	6.85%
EBITDA Growth	556.45%	-27.80%	-726.21%	77.63%	116.03%	-181.46%	2,265.24%	51.95%	-18.08%	29.77%	20.32%
EBIT Growth	77.17%	-457.50%	-572.76%	60.34%	55.52%	-90.03%	-42.34%	-41.52%	-42.62%	140.37%	49.79%
NOPAT Growth	70.19%	-344.75%	-530.50%	59.48%	56.64%	-96.62%	-49.48%	-39.12%	-37.44%	140.51%	354.67%
Net Income Growth	102.26%	-4,377.96%	-757.38%	60.06%	58.79%	-109.72%	100.12%	-200,596.92%	-22.15%	114.31%	534.66%
EPS Growth	101.43%	-4,000.00%	-712.82%	61.20%	60.98%	-14.58%	100.00%	0.00%	-19.39%	113.68%	493.75%
Operating Cash Flow Growth	1,056.60%	-21.77%	-64.18%	-205.34%	240.98%	-137.72%	1,149.23%	52.11%	11.33%	9.72%	0.41%
Free Cash Flow Firm Growth	-78.48%	97.84%	-1,606.86%	-9.19%	68.49%	-2,163.58%	-318.43%	108.88%	86.02%	-50.55%	19.04%
Invested Capital Growth	294.40%	-12.28%	-67.62%	-15.31%	-23.27%	1,045.16%	420.57%	-13.29%	-25.29%	-5.77%	10.30%
Revenue Q/Q Growth	26.58%	-7.12%	-20.97%	8.75%	4.72%	17.82%	20.37%	2.51%	1.90%	1.06%	1.62%
EBITDA Q/Q Growth	352.37%	-64.09%	-6.54%	44.69%	31.25%	76.45%	94.22%	-6.74%	3.50%	12.38%	1.14%
EBIT Q/Q Growth	79.95%	-246.20%	-2.02%	26.05%	8.96%	9.73%	-1.65%	-51.22%	29.69%	31.81%	5.03%
NOPAT Q/Q Growth	76.22%	-179.60%	-1.59%	25.65%	11.17%	11.44%	-5.68%	-39.92%	29.11%	-3.90%	160.24%
Net Income Q/Q Growth	102.27%	-176.68%	-1.73%	25.88%	12.84%	7.55%	-98.82%	-39.41%	29.71%	31.76%	149.46%
EPS Q/Q Growth	105.26%	-167.24%	-1.28%	26.79%	14.29%	8.33%	-100.00%	-44.12%	29.94%	23.08%	137.50%
Operating Cash Flow Q/Q Growth	240.40%	-42.46%	4.93%	-121.76%	230.61%	-547.61%	80.91%	11.67%	0.18%	12.22%	6.19%
Free Cash Flow Firm Q/Q Growth	36.60%	-105.16%	-10.04%	-9.82%	37.86%	-0.96%	3.80%	43.01%	5.49%	170.10%	-25.31%
Invested Capital Q/Q Growth	-10.56%	-9.33%	-21.53%	43.64%	21.30%	4.60%	-2.66%	-7.11%	-5.99%	-12.38%	4.88%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	76.46%	73.67%	63.46%	51.88%	63.31%	64.92%	56.95%	46.77%	33.86%	61.26%	62.66%
EBITDA Margin	10.79%	6.96%	-77.94%	-21.75%	2.78%	-1.60%	16.37%	20.19%	15.40%	18.54%	20.87%
Operating Margin	-2.25%	-8.95%	-100.92%	-51.02%	-17.63%	-24.47%	-17.31%	-19.54%	-25.01%	7.65%	13.67%
EBIT Margin	-1.69%	-8.41%	-101.23%	-50.09%	-17.76%	-23.82%	-16.04%	-18.43%	-24.47%	9.16%	12.84%
Profit (Net Income) Margin	0.17%	-6.49%	-99.51%	-49.58%	-16.29%	-24.11%	0.01%	-22.58%	-25.69%	3.41%	20.26%
Tax Burden Percent	-10.20%	78.79%	98.87%	100.58%	94.40%	101.31%	-0.07%	96.11%	101.04%	86.04%	204.76%
Interest Burden Percent	98.59%	97.90%	99.42%	98.42%	97.16%	99.91%	126.41%	127.52%	103.88%	43.26%	77.02%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	13.96%	-104.76%
Return on Invested Capital (ROIC)	-5.01%	-14.87%	-151.56%	-135.95%	-72.74%	-26.46%	-6.93%	-6.15%	-10.43%	5.08%	22.66%
ROIC Less NNEP Spread (ROIC-NNEP)	-8.47%	-14.51%	-123.42%	-120.02%	-65.77%	-11.48%	23.33%	-17.66%	-27.65%	-11.26%	-128.09%
Return on Net Nonoperating Assets (RNNOA)	5.21%	8.62%	84.86%	92.20%	50.58%	4.80%	6.94%	-9.43%	-10.90%	-1.98%	-5.55%
Return on Equity (ROE)	0.21%	-6.25%	-66.70%	-43.75%	-22.16%	-21.65%	0.01%	-15.59%	-21.32%	3.10%	17.11%
Cash Return on Invested Capital (CROIC)	-124.10%	-1.79%	-49.39%	-119.38%	-46.41%	-194.33%	-142.47%	8.08%	18.52%	11.03%	12.87%
Operating Return on Assets (OROA)	-1.01%	-4.43%	-34.86%	-16.80%	-7.36%	-7.91%	-4.12%	-3.92%	-5.62%	2.21%	3.05%
Return on Assets (ROA)	0.10%	-3.42%	-34.27%	-16.63%	-6.75%	-8.01%	0.00%	-4.80%	-5.89%	0.82%	4.81%
Return on Common Equity (ROCE)	0.21%	-6.25%	-66.70%	-43.75%	-22.16%	-21.65%	0.01%	-15.59%	-21.32%	3.10%	17.11%
Return on Equity Simple (ROE_SIMPLE)	0.15%	-6.03%	-94.03%	-52.39%	-22.76%	-14.00%	0.01%	-16.47%	-22.69%	2.97%	0.00%
Net Operating Profit after Tax (NOPAT)	-3.92	-17	-110	-45	-19	-38	-57	-79	-109	44	200
NOPAT Margin	-1.58%	-6.26%	-70.64%	-35.71%	-12.34%	-17.13%	-12.12%	-13.68%	-17.51%	6.58%	27.99%
Net Nonoperating Expense Percent (NNEP)	3.47%	-0.36%	-28.14%	-15.93%	-6.98%	-14.98%	-30.26%	11.50%	17.22%	16.35%	150.75%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-5.20%	-8.76%	3.32%	13.52%
Cost of Revenue to Revenue	23.54%	26.33%	36.54%	48.12%	36.69%	35.08%	43.05%	53.23%	66.14%	38.74%	37.34%
SG&A Expenses to Revenue	28.25%	24.65%	35.74%	34.03%	25.41%	23.91%	13.83%	14.10%	14.37%	14.50%	13.05%
R&D to Revenue	16.92%	18.40%	30.54%	30.37%	25.73%	23.26%	15.89%	16.25%	15.22%	14.25%	11.87%
Operating Expenses to Revenue	78.71%	82.62%	164.38%	102.89%	80.94%	89.39%	74.26%	66.32%	58.87%	53.62%	48.99%
Earnings before Interest and Taxes (EBIT)	-4.20	-23	-157	-62	-28	-53	-75	-106	-152	61	92
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	27	19	-121	-27	4.35	-3.54	77	117	95	124	149
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.63	1.21	0.57	1.60	3.87	9.01	2.62	1.79	1.83	2.92	2.53
Price to Tangible Book Value (P/TBV)	4.52	1.60	0.62	1.76	4.65	25.73	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.94	1.31	0.60	1.52	2.77	15.51	4.92	2.45	2.08	3.35	3.27
Price to Earnings (P/E)	1,729.93	0.00	0.00	0.00	0.00	0.00	35,488.08	0.00	0.00	98.30	16.12
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	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.02%	6.20%
Enterprise Value to Invested Capital (EV/IC)	4.62	1.59	0.00	3.37	14.93	12.58	2.04	1.52	1.68	2.75	2.52
Enterprise Value to Revenue (EV/Rev)	2.32	0.63	0.00	0.81	2.20	14.98	5.98	3.14	2.42	3.46	3.27
Enterprise Value to EBITDA (EV/EBITDA)	21.51	8.98	0.00	0.00	79.17	0.00	36.52	15.56	15.69	18.65	15.66
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	37.74	25.45
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	52.56	11.68
Enterprise Value to Operating Cash Flow (EV/OCF)	7.51	2.89	0.00	0.00	10.76	0.00	22.12	9.41	6.99	9.82	9.88
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	17.49	7.77	24.23	20.57
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.82	0.92	0.76	0.72	0.60
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.82	0.91	0.76	0.72	0.38
Financial Leverage	-0.62	-0.59	-0.69	-0.77	-0.77	-0.42	0.30	0.53	0.39	0.18	0.04
Leverage Ratio	2.05	1.83	1.95	2.63	3.28	2.70	2.89	3.24	3.62	3.77	3.56
Compound Leverage Factor	2.02	1.79	1.94	2.59	3.19	2.70	3.66	4.14	3.76	1.63	2.74
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	45.10%	47.86%	43.33%	41.89%	37.61%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.22%	0.24%	0.29%	0.28%	14.10%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	44.88%	47.62%	43.04%	41.61%	23.52%
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	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	54.90%	52.14%	56.67%	58.11%	62.39%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	9.44	6.23	5.62	4.47	3.73
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	6.43	3.43	2.20	0.57	0.02
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	9.39	6.20	5.58	4.44	2.33
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	-12.75	-9.20	-4.95	12.60	2.78
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	-8.69	-5.07	-1.94	1.60	0.01
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	-12.69	-9.15	-4.91	12.52	1.74
Altman Z-Score	2.18	1.51	-1.35	-0.79	0.01	3.27	0.70	0.34	0.13	0.71	0.73
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	1.46	1.79	1.40	1.25	1.17	1.16	1.14	1.18	1.09	1.14	1.02
Quick Ratio	1.43	1.75	1.36	1.22	1.15	1.13	1.13	1.16	1.07	1.13	1.01
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-97	-2.10	-36	-39	-12	-279	-1,167	104	193	95	113
Operating Cash Flow to CapEx	270.27%	180.00%	53.27%	-113.77%	160.82%	-54.94%	434.60%	433.70%	573.43%	499.68%	280.14%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-58.79	3.54	32.73	2.74	5.38
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	6.38	6.58	36.40	6.77	11.21
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	4.91	5.06	30.05	5.42	7.21
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.60	0.53	0.34	0.34	0.41	0.33	0.26	0.21	0.23	0.24	0.24
Accounts Receivable Turnover	1.41	1.36	0.87	0.67	0.74	0.64	0.67	0.61	0.58	0.56	0.57
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	12.24	9.03	3.72	3.08	5.47	0.00	0.00	0.00	0.00	11.51	8.05
Accounts Payable Turnover	0.29	0.32	0.27	0.26	0.23	0.20	0.27	0.29	0.33	0.18	0.17
Days Sales Outstanding (DSO)	258.16	269.14	419.99	543.87	493.84	567.55	545.24	602.24	633.98	649.05	639.56
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)	1,244.81	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	2,104.17
Cash Conversion Cycle (CCC)	-986.65	-884.14	-957.55	-836.31	-1,093.32	-1,236.99	-821.52	-642.66	-464.17	-1,352.34	-1,464.61
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	125	110	35	30	23	264	1,374	1,191	890	839	925
Invested Capital Turnover	3.17	2.37	2.15	3.81	5.89	1.54	0.57	0.45	0.60	0.77	0.81
Increase / (Decrease) in Invested Capital	93	-15	-74	-5.43	-6.99	241	1,110	-183	-301	-51	86
Enterprise Value (EV)	577	174	-36	101	344	3,321	2,800	1,813	1,498	2,310	2,334
Market Capitalization	730	364	93	189	433	3,438	2,307	1,413	1,288	2,240	2,331
Book Value per Share	$6.27	$6.11	$3.31	$2.33	$2.11	$3.41	$6.68	$5.93	$5.09	$5.46	$6.42
Tangible Book Value per Share	$3.64	$4.63	$3.04	$2.12	$1.76	$1.19	($3.91)	($3.30)	($2.38)	($1.64)	($0.52)
Total Capital	278	300	165	118	112	382	1,604	1,518	1,238	1,322	1,478
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	724	726	537	554	556
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	720	723	533	550	348
Net Debt	-153	-190	-129	-88	-89	-118	493	400	210	71	2.75
Capital Expenditures (CapEx)	28	33	40	20	20	22	29	44	37	47	84
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-24	-17	-42	-28	-43	-33	-78	-121	-202	-272	-305
Debt-free Net Working Capital (DFNWC)	116	173	87	60	46	85	152	205	124	211	248
Net Working Capital (NWC)	116	173	87	60	46	85	149	201	121	207	40
Net Nonoperating Expense (NNE)	-4.34	0.63	45	17	6.17	15	-57	51	51	21	55
Net Nonoperating Obligations (NNO)	-153	-190	-129	-88	-89	-118	493	400	188	71	2.75
Total Depreciation and Amortization (D&A)	31	43	36	35	32	49	152	223	247	63	57
Debt-free, Cash-free Net Working Capital to Revenue	-9.74%	-6.05%	-26.83%	-22.79%	-27.71%	-14.80%	-16.67%	-21.04%	-32.56%	-40.77%	-42.73%
Debt-free Net Working Capital to Revenue	46.50%	62.23%	56.20%	47.77%	29.12%	38.30%	32.52%	35.49%	20.08%	31.55%	34.78%
Net Working Capital to Revenue	46.50%	62.23%	56.20%	47.77%	29.12%	38.30%	31.75%	34.87%	19.50%	31.01%	5.58%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.01	($0.39)	($3.17)	($1.23)	($0.48)	($0.55)	$0.00	($0.98)	($1.17)	$0.16	$1.01
Adjusted Weighted Average Basic Shares Outstanding	39.66M	46.66M	48.87M	51.73M	55.04M	115.57M	126.29M	132.89M	136.62M	140.56M	142.56M
Adjusted Diluted Earnings per Share	$0.01	($0.39)	($3.17)	($1.23)	($0.48)	($0.55)	$0.00	($0.98)	($1.17)	$0.16	$0.95
Adjusted Weighted Average Diluted Shares Outstanding	44.50M	46.66M	48.87M	51.73M	55.04M	115.57M	136.26M	132.89M	136.62M	146.81M	153.77M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	($1.23)	($0.48)	($0.55)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	47.18M	49.44M	50.25M	50.26M	52.61M	96.70M	132.27M	135.06M	139.93M	142.95M	144.36M
Normalized Net Operating Profit after Tax (NOPAT)	-3.92	1.32	-39	-42	-18	-26	-30	-74	-103	44	68
Normalized NOPAT Margin	-1.58%	0.48%	-25.28%	-33.78%	-11.43%	-11.59%	-6.41%	-12.78%	-16.67%	6.58%	9.59%
Pre Tax Income Margin	-1.67%	-8.24%	-100.64%	-49.30%	-17.26%	-23.80%	-20.28%	-23.50%	-25.42%	3.96%	9.89%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-3.79	-3.63	-25.75	1.76	4.35
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-2.86	-2.70	-18.43	1.27	9.48
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-5.25	-5.15	-32.10	0.41	0.35
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-4.33	-4.22	-24.77	-0.09	5.48
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	9,241.54%	-12.02%	0.00%	63.96%	32.00%

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.71%	2.93%	6.58%	14.73%	6.78%	7.94%	3.76%	4.32%	6.42%	10.80%	5.87%
EBITDA Growth	-31.86%	-15.45%	6.72%	330.55%	25.33%	12.20%	26.65%	198.13%	18.36%	34.14%	2.59%
EBIT Growth	-291.54%	15.63%	205.74%	89.72%	114.75%	189.25%	44.89%	69.10%	66.00%	90.98%	9.21%
NOPAT Growth	-208.62%	15.66%	263.87%	86.24%	94.21%	201.12%	5.83%	90.14%	795.30%	89.88%	283.87%
Net Income Growth	-196.10%	28.35%	184.96%	82.01%	98.54%	129.83%	17.77%	45.75%	1,133.30%	284.70%	237.98%
EPS Growth	-184.21%	27.78%	185.19%	82.19%	98.15%	130.77%	13.04%	46.15%	900.00%	225.00%	211.54%
Operating Cash Flow Growth	75.13%	105.70%	0.43%	-95.55%	20.85%	11.32%	28.75%	104.24%	-79.31%	-5.17%	12.00%
Free Cash Flow Firm Growth	172.37%	183.42%	105.42%	-51.48%	-94.77%	-99.32%	-74.24%	190.44%	949.93%	4,426.24%	-45.77%
Invested Capital Growth	-21.96%	-26.18%	-25.29%	-6.81%	-1.50%	1.10%	-5.77%	-18.69%	-10.96%	-7.85%	10.30%
Revenue Q/Q Growth	17.21%	-1.61%	24.55%	-20.12%	9.08%	-0.54%	19.73%	-19.69%	11.27%	3.56%	14.41%
EBITDA Q/Q Growth	1,145.93%	26.37%	98.55%	-91.21%	468.59%	13.13%	124.11%	-79.32%	125.73%	28.21%	71.41%
EBIT Q/Q Growth	29.45%	78.58%	319.06%	-131.05%	201.18%	29.67%	255.64%	-106.62%	643.64%	49.18%	103.35%
NOPAT Q/Q Growth	28.56%	75.15%	362.14%	-129.56%	69.96%	534.32%	174.33%	-102.76%	2,217.72%	18.61%	454.60%
Net Income Q/Q Growth	25.16%	76.35%	276.88%	-157.44%	93.93%	583.67%	598.25%	-126.46%	215.62%	80.07%	513.47%
EPS Q/Q Growth	26.03%	75.93%	276.92%	-156.52%	92.31%	500.00%	550.00%	-126.92%	214.29%	62.50%	523.08%
Operating Cash Flow Q/Q Growth	339.91%	10.72%	8.56%	-167.81%	248.26%	1.99%	25.56%	-97.77%	623.47%	367.52%	48.30%
Free Cash Flow Firm Q/Q Growth	68.93%	35.77%	3.31%	-71.74%	-81.78%	-82.42%	3,827.69%	130.92%	-34.15%	-24.22%	-52.94%
Invested Capital Q/Q Growth	-10.60%	-7.61%	-5.99%	8.77%	-5.50%	-5.17%	-12.38%	3.56%	3.48%	-1.87%	4.88%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	14.66%	43.45%	62.54%	55.87%	61.56%	61.39%	65.05%	59.69%	62.53%	61.36%	66.15%
EBITDA Margin	13.38%	17.18%	27.39%	3.01%	15.70%	17.86%	33.43%	8.61%	17.46%	21.62%	32.40%
Operating Margin	-47.07%	-11.89%	18.79%	-9.26%	5.88%	9.34%	20.73%	-0.88%	12.67%	13.95%	25.30%
EBIT Margin	-45.98%	-10.01%	17.61%	-6.85%	6.35%	8.28%	24.59%	-2.03%	9.90%	14.27%	25.36%
Profit (Net Income) Margin	-48.44%	-11.64%	16.54%	-11.89%	-0.66%	3.22%	18.77%	-6.18%	6.43%	11.17%	59.92%
Tax Burden Percent	100.91%	94.76%	93.22%	69.46%	-30.37%	83.52%	86.15%	91.87%	92.08%	95.77%	255.96%
Interest Burden Percent	104.41%	122.75%	100.75%	250.13%	34.32%	46.55%	88.61%	332.08%	70.46%	81.77%	92.31%
Effective Tax Rate	0.00%	0.00%	6.78%	0.00%	130.37%	16.48%	13.85%	0.00%	7.92%	4.23%	-155.96%
Return on Invested Capital (ROIC)	-17.02%	-4.54%	10.43%	-3.74%	-1.14%	5.41%	13.81%	-0.43%	8.38%	10.21%	52.43%
ROIC Less NNEP Spread (ROIC-NNEP)	-22.49%	-5.84%	9.81%	-5.73%	-0.59%	2.59%	15.17%	-3.90%	4.12%	7.64%	25.25%
Return on Net Nonoperating Assets (RNNOA)	-13.18%	-3.06%	3.87%	-3.33%	-0.29%	0.99%	2.67%	-1.36%	1.19%	1.52%	1.09%
Return on Equity (ROE)	-30.20%	-7.60%	14.30%	-7.07%	-1.43%	6.40%	16.48%	-1.78%	9.56%	11.73%	53.53%
Cash Return on Invested Capital (CROIC)	11.38%	16.39%	18.52%	2.73%	2.41%	3.71%	11.03%	25.49%	18.44%	16.52%	12.87%
Operating Return on Assets (OROA)	-11.04%	-2.45%	4.04%	-1.79%	1.63%	2.11%	5.93%	-0.53%	2.44%	3.54%	6.02%
Return on Assets (ROA)	-11.63%	-2.85%	3.80%	-3.11%	-0.17%	0.82%	4.52%	-1.63%	1.58%	2.77%	14.21%
Return on Common Equity (ROCE)	-30.20%	-7.60%	14.30%	-7.07%	-1.43%	6.40%	16.48%	-1.78%	9.56%	11.73%	53.53%
Return on Equity Simple (ROE_SIMPLE)	-35.77%	-34.73%	0.00%	-11.25%	-0.76%	2.38%	0.00%	4.17%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-50	-12	33	-9.68	-2.91	13	35	-0.95	20	24	133
NOPAT Margin	-32.95%	-8.32%	17.51%	-6.48%	-1.79%	7.80%	17.86%	-0.61%	11.67%	13.36%	64.77%
Net Nonoperating Expense Percent (NNEP)	5.47%	1.30%	0.62%	1.98%	-0.55%	2.82%	-1.36%	3.47%	4.25%	2.57%	27.18%
Return On Investment Capital (ROIC_SIMPLE)	-	-	2.64%	-	-	-	2.62%	-0.07%	1.53%	1.76%	9.00%
Cost of Revenue to Revenue	85.34%	56.55%	37.46%	44.14%	38.44%	38.61%	34.95%	40.31%	37.47%	38.64%	33.85%
SG&A Expenses to Revenue	16.81%	14.18%	11.25%	17.86%	13.89%	15.12%	11.90%	15.37%	12.99%	13.68%	10.80%
R&D to Revenue	15.33%	15.68%	12.40%	18.01%	15.86%	12.51%	11.48%	14.31%	12.45%	11.25%	10.05%
Operating Expenses to Revenue	61.73%	55.34%	43.75%	65.13%	55.69%	52.06%	44.32%	60.56%	49.86%	47.41%	40.85%
Earnings before Interest and Taxes (EBIT)	-70	-15	33	-10	10	13	48	-3.16	17	26	52
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	20	26	51	4.50	26	29	65	13	30	39	67
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.84	1.58	1.83	2.16	2.61	2.69	2.92	2.20	4.43	3.84	2.53
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)	3.06	1.70	2.08	2.35	2.87	2.96	3.35	2.42	4.97	4.41	3.27
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	113.04	98.30	52.77	78.92	53.50	16.12
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%	0.88%	1.02%	1.90%	1.27%	1.87%	6.20%
Enterprise Value to Invested Capital (EV/IC)	2.17	1.40	1.68	1.76	2.14	2.28	2.75	2.02	3.93	3.60	2.52
Enterprise Value to Revenue (EV/Rev)	3.68	2.18	2.42	2.94	3.32	3.31	3.46	2.61	5.16	4.52	3.27
Enterprise Value to EBITDA (EV/EBITDA)	22.93	14.39	15.69	18.42	20.15	19.84	18.65	13.24	25.71	21.55	15.66
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	119.78	47.07	37.74	25.74	47.05	36.37	25.45
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	236.59	47.80	52.56	37.20	54.08	41.35	11.68
Enterprise Value to Operating Cash Flow (EV/OCF)	12.94	6.20	6.99	10.15	10.77	10.43	9.82	5.90	15.56	14.28	9.88
Enterprise Value to Free Cash Flow (EV/FCFF)	16.71	7.26	7.77	62.07	88.11	61.94	24.23	7.12	20.09	20.90	20.57
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.98	0.93	0.76	0.90	0.87	0.85	0.72	0.75	0.72	0.69	0.60
Long-Term Debt to Equity	0.97	0.92	0.76	0.87	0.84	0.82	0.72	0.47	0.45	0.43	0.38
Financial Leverage	0.59	0.52	0.39	0.58	0.49	0.38	0.18	0.35	0.29	0.20	0.04
Leverage Ratio	3.41	3.40	3.62	3.49	3.70	3.76	3.77	3.57	3.76	3.69	3.56
Compound Leverage Factor	3.56	4.17	3.64	8.72	1.27	1.75	3.34	11.85	2.65	3.02	3.29
Debt to Total Capital	49.46%	48.13%	43.33%	47.36%	46.63%	46.01%	41.89%	42.87%	42.00%	40.78%	37.61%
Short-Term Debt to Total Capital	0.28%	0.29%	0.29%	1.78%	1.77%	1.63%	0.28%	15.99%	15.69%	15.26%	14.10%
Long-Term Debt to Total Capital	49.18%	47.85%	43.04%	45.58%	44.86%	44.38%	41.61%	26.88%	26.31%	25.52%	23.52%
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	50.54%	51.87%	56.67%	52.64%	53.37%	53.99%	58.11%	57.13%	58.00%	59.22%	62.39%
Debt to EBITDA	6.59	6.56	5.62	6.14	5.82	5.61	4.47	4.19	4.05	3.78	3.73
Net Debt to EBITDA	3.84	3.20	2.20	3.66	2.77	2.10	0.57	0.96	0.95	0.50	0.02
Long-Term Debt to EBITDA	6.55	6.52	5.58	5.91	5.60	5.41	4.44	2.63	2.54	2.36	2.33
Debt to NOPAT	-4.11	-3.95	-4.95	-13.08	68.32	13.53	12.60	11.78	8.51	7.24	2.78
Net Debt to NOPAT	-2.40	-1.93	-1.94	-7.79	32.52	5.06	1.60	2.68	2.00	0.97	0.01
Long-Term Debt to NOPAT	-4.09	-3.93	-4.91	-12.59	65.72	13.05	12.52	7.38	5.33	4.53	1.74
Altman Z-Score	0.45	0.23	0.36	0.42	0.53	0.55	0.70	0.39	0.88	0.85	0.69
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	1.14	1.12	1.09	1.10	1.10	1.11	1.14	0.98	1.00	1.01	1.02
Quick Ratio	1.11	1.10	1.07	1.08	1.09	1.10	1.13	0.96	0.98	0.99	1.01
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	238	323	334	68	12	2.19	86	199	131	99	47
Operating Cash Flow to CapEx	669.70%	1,205.86%	739.66%	-652.95%	673.23%	504.32%	1,791.86%	14.89%	115.39%	393.31%	442.59%
Free Cash Flow to Firm to Interest Expense	76.99	94.60	0.00	4.46	1.83	0.31	15.83	27.11	25.80	21.24	11.64
Operating Cash Flow to Interest Expense	23.96	24.01	0.00	-3.94	13.19	12.75	21.11	0.35	3.65	18.56	32.06
Operating Cash Flow Less CapEx to Interest Expense	20.38	22.02	0.00	-4.54	11.23	10.22	19.93	-2.00	0.49	13.84	24.81
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.24	0.24	0.23	0.26	0.26	0.26	0.24	0.26	0.25	0.25	0.24
Accounts Receivable Turnover	0.67	0.70	0.58	0.68	0.64	0.63	0.56	0.66	0.56	0.59	0.57
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	14.29	13.28	0.00	12.63	11.89	11.95	11.51	10.02	8.99	8.70	8.05
Accounts Payable Turnover	0.44	0.45	0.33	0.34	0.24	0.21	0.18	0.21	0.18	0.19	0.17
Days Sales Outstanding (DSO)	542.31	522.60	633.98	535.65	570.88	579.97	649.05	555.38	646.12	618.04	639.56
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)	831.90	805.78	1,098.14	1,078.33	1,494.93	1,737.42	2,001.39	1,734.07	2,000.94	1,973.50	2,104.17
Cash Conversion Cycle (CCC)	-289.59	-283.18	-464.17	-542.68	-924.05	-1,157.45	-1,352.34	-1,178.68	-1,354.81	-1,355.46	-1,464.61
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,025	947	890	1,068	1,009	957	839	869	899	882	925
Invested Capital Turnover	0.52	0.55	0.60	0.58	0.64	0.69	0.77	0.70	0.72	0.76	0.81
Increase / (Decrease) in Invested Capital	-288	-336	-301	-78	-15	10	-51	-200	-111	-75	86
Enterprise Value (EV)	2,223	1,327	1,498	1,877	2,157	2,186	2,310	1,758	3,534	3,176	2,334
Market Capitalization	1,851	1,033	1,288	1,504	1,861	1,955	2,240	1,631	3,404	3,101	2,331
Book Value per Share	$4.81	$4.76	$5.09	$4.97	$5.09	$5.14	$5.46	$5.19	$5.45	$5.67	$6.42
Tangible Book Value per Share	($3.05)	($2.81)	($2.38)	($2.33)	($2.15)	($1.99)	($1.64)	($1.75)	($1.56)	($1.34)	($0.52)
Total Capital	1,291	1,257	1,238	1,321	1,336	1,344	1,322	1,298	1,325	1,364	1,478
Total Debt	639	605	537	626	623	619	554	557	556	556	556
Total Long-Term Debt	635	602	533	602	599	597	550	349	349	348	348
Net Debt	372	295	210	373	297	231	71	127	130	74	2.75
Capital Expenditures (CapEx)	11	6.81	12	9.25	13	18	6.40	17	16	22	29
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-120	-169	-202	-111	-164	-206	-272	-246	-227	-262	-305
Debt-free Net Working Capital (DFNWC)	146	142	124	142	163	182	211	184	199	221	248
Net Working Capital (NWC)	143	138	121	119	139	160	207	-23	-8.44	12	40
Net Nonoperating Expense (NNE)	24	4.99	1.83	8.08	-1.83	7.42	-1.76	8.68	9.08	3.92	9.96
Net Nonoperating Obligations (NNO)	372	295	188	373	297	231	71	127	130	74	2.75
Total Depreciation and Amortization (D&A)	91	41	18	15	15	16	17	17	13	13	14
Debt-free, Cash-free Net Working Capital to Revenue	-19.85%	-27.75%	-32.56%	-17.30%	-25.21%	-31.10%	-40.77%	-36.40%	-33.07%	-37.22%	-42.73%
Debt-free Net Working Capital to Revenue	24.26%	23.30%	20.08%	22.28%	25.07%	27.47%	31.55%	27.30%	29.11%	31.40%	34.78%
Net Working Capital to Revenue	23.66%	22.71%	19.50%	18.59%	21.43%	24.16%	31.01%	-3.47%	-1.23%	1.77%	5.58%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.54)	($0.13)	$0.23	($0.13)	($0.01)	$0.04	$0.26	($0.07)	$0.08	$0.14	$0.86
Adjusted Weighted Average Basic Shares Outstanding	136.16M	137.37M	136.62M	139.30M	140.55M	141.27M	140.56M	141.85M	141.65M	143.01M	142.56M
Adjusted Diluted Earnings per Share	($0.54)	($0.13)	$0.23	($0.13)	($0.01)	$0.04	$0.26	($0.07)	$0.08	$0.13	$0.81
Adjusted Weighted Average Diluted Shares Outstanding	136.16M	137.37M	136.62M	139.30M	140.55M	148.70M	146.81M	141.85M	148.26M	153.17M	153.77M
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	136.96M	137.85M	139.93M	140.02M	141.15M	140.69M	142.95M	141.11M	142.40M	143.65M	144.36M
Normalized Net Operating Profit after Tax (NOPAT)	-50	-12	33	-9.68	6.70	13	35	-0.95	20	24	36
Normalized NOPAT Margin	-32.95%	-8.32%	17.51%	-6.48%	4.11%	7.80%	17.86%	-0.61%	11.67%	13.36%	17.71%
Pre Tax Income Margin	-48.00%	-12.29%	17.74%	-17.12%	2.18%	3.85%	21.79%	-6.73%	6.98%	11.67%	23.41%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-22.67	-4.40	0.00	-0.67	1.52	1.87	8.78	-0.43	3.39	5.49	13.00
NOPAT to Interest Expense	-16.25	-3.65	0.00	-0.63	-0.43	1.76	6.38	-0.13	3.99	5.14	33.19
EBIT Less CapEx to Interest Expense	-26.25	-6.39	0.00	-1.27	-0.44	-0.66	7.60	-2.78	0.22	0.77	5.75
NOPAT Less CapEx to Interest Expense	-19.83	-5.65	0.00	-1.23	-2.39	-0.77	5.20	-2.48	0.82	0.42	25.95
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	0.00%	0.00%	0.00%	0.00%	0.00%	52.08%	63.96%	109.36%	86.85%	49.07%	32.00%

Financials Breakdown Chart

Key Financial Trends

Here are the key four-year trends from Magnite, Inc. (MGNI) quarterly statements, focused for retail investors.

Revenue momentum: Total operating revenue rose from about 155.8 million in Q1 2025 to 205.4 million in Q4 2025, a roughly 32% increase within the year, signaling improving topline demand.
Strong gross margins: Gross profit for Q4 2025 was about 135.8 million on 205.4 million of revenue, a gross margin near 66%, with margins generally in the 61–66% range across recent quarters, indicating solid product profitability.
Net income turning positive again: Net income attributable to common shareholders jumped to 123.1 million in Q4 2025, with several 2024–2025 quarters printing positive net income, suggesting a recovery in profitability after prior declines.
Operating cash flow improving: Net cash from continuing operating activities was 128.5 million in Q4 2025, up from 86.6 million in Q3 2025 and 18.5 million in Q2 2025, highlighting strengthening cash generation from core operations.
Near-term liquidity support: Cash and equivalents in the 2025 period remained robust (roughly 429–482 million across recent quarters), helping maintain liquidity as cash flow improves.
Balance sheet leverage is moderate and trending stable: Short-term debt has been in the 208–236 million range and long-term debt around 348–350 million, with cash balances often covering a substantial portion of near-term obligations, leaving modest net debt.
Working capital signals: Accounts receivable typically run around 1.1–1.3 billion, which, while sizable, reflects the business model and timing ofadvertising-related revenue; this indicates ongoing working capital needs.
Expense mix fluctuates quarter-to-quarter: Selling, general & administrative, marketing, and R&D outlays swing by quarter (as shown by variances in operating expenses), contributing to quarterly profitability volatility but aligning with growth investments.
Q1 2025 profitability setback: Q1 2025 posted a net loss (negative quarterly net income), a reminder that profitability remained uneven even as the year-to-date trend improved later in 2025.
Cumulative negative retained earnings: Retained earnings remained negative in recent periods (e.g., about -$639.6 million in Q3 2025 and around -$697.6 million in 2024), indicating ongoing past losses embedded in equity despite current profits.

05/06/26 04:33 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Magnite's Financials

When does Magnite's financial year end?

According to the most recent income statement we have on file, Magnite's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

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

Magnite's net income appears to be on a downward trend, with a most recent value of $144.61 million in 2025, rising from $422 thousand in 2015. The previous period was $22.79 million in 2024. Check out Magnite's forecast to explore projected trends and price targets.

What is Magnite's operating income?

Magnite's total operating income in 2025 was $97.60 million, based on the following breakdown:

Total Gross Profit: $447.33 million
Total Operating Expenses: $349.73 million

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

Over the last 10 years, Magnite's total revenue changed from $248.48 million in 2015 to $713.95 million in 2025, a change of 187.3%.

How much debt does Magnite have?

Magnite's total liabilities were at $2.24 billion at the end of 2025, a 7.5% increase from 2024, and a 766.9% increase since 2015.

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 $553.36 million in 2025, and is currently $553.36 million as of their latest financial filing in 2025.

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 6.27 in 2015 to 6.42 in 2025, a change of 2.5%.

Related Companies

Financial statements for NASDAQ:MGNI last updated on 2/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Magnite (MGNI) Financials

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Magnite (MGNI) Financials

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