MGNINasdaqServices-Computer Programming, Data Processing, Etc.Fiscal year ends December 31
MAGNITE, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$23.55+0.18 (+0.77%)
Close on Oct 19, 2026
- Market cap
- $3.47B
- P/E (TTM)
- 22.4
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
62.7%−2.3 pts over 5 years
Operating margin
13.7%+38.1 pts over 5 years
Net margin
20.3%+44.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +6.9% | +7.4% | +26.4% | +11.1% | |
| Gross profit | +9.3% | +18.3% | +25.5% | +8.9% | |
| Operating income | +91.0% | – | – | – | |
| Net income | +534.7% | – | – | +79.3% | |
| EPS, diluted | +493.8% | – | – | +57.7% | |
| Free cash flow | -18.2% | +0.8% | – | +11.3% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -6.3% | -21.7% | 17.1% | |
| Return on assets | -3.4% | -8.0% | 4.8% | |
| Current ratio | 1.79 | 1.16 | 1.02 | |
| Debt to equity | – | 0.00 | 0.60 | |
| Net debt to EBITDA | – | 23.61× | 0.02× | |
| Interest coverage | – | – | 5.2× | |
| Capex to revenue | 8.4% | 6.4% | 9.9% | |
| Diluted shares | 47M | 97M | 154M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Magnite generated $1.00B from operations and spent $261.15M on capital expenditure, dividends and share buybacks. 68% of that went back into the business.
Generated
$1.00B
Used
$261.15M
Capital expenditure$178.62M68%Dividends$00%Share buybacks$82.53M32%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin20.3%
×Asset turnover0.24×
×Equity multiplier3.56×
=Return on equity, FY202517.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 20.3% | 0.24× | 3.56× | 17.1% |
| FY2024 | 3.4% | 0.24× | 3.77× | 3.1% |
| FY2023 | -25.7% | 0.23× | 3.62× | -21.3% |
| FY2022 | -22.6% | 0.21× | 3.24× | -15.6% |
| FY2021 | 0.0% | 0.26× | 2.89× | 0.0% |
| FY2020 | -24.1% | 0.33× | 2.70× | -21.7% |
| FY2019 | -16.3% | 0.41× | 3.28× | -22.2% |
| FY2018 | -49.6% | 0.34× | 2.63× | -43.7% |
| FY2017 | -99.5% | 0.34× | 1.95× | -66.7% |
| FY2016 | -6.5% | 0.53× | 1.83× | -6.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$144.61M
- Cash generatingOperating cash flow above zero$236.17M
- Return on assets improvedROA up on the prior year0.8% → 5.1%
- Earnings backed by cashOperating cash flow above net income$236.17M vs $144.61M
- Less leverageLong-term debt to assets fell19.3% → 11.0%
- Better liquidityCurrent ratio rose1.14 → 1.02
- No dilutionShare count did not rise147M → 154M
- Gross margin improvedGross margin up on the prior year61.26% → 62.66%
- More efficientAsset turnover rose0.25 → 0.25