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Magnite, Inc.

MGNI Communication Services Advertising Agencies

Magnite, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $714.0 million, up 6.85% from fiscal 2024.

Revenue
+13.8%
EPS
+71.4%
Free cash flow
+36.8%
Total debt
−0.52%

Quarter to September 2026, against a year earlier

27.84 5.05 +22.16%
Market cap
$4.0B
P/E
21.9×
Fwd P/E
31.7×
Dividend yield
—
F-score
6/9
Altman Z
0.73
Beneish M
−2.50
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 26.45
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 1 — 1 — — 1 8 5 11 9 1 —
Insider Ownership 2.39%

Capital & Financial Ratios $m

Size
Market Cap 3,950.00
Revenue ttm 766.75
Net income ttm 180.84
Free cash flow ttm 224.08
Net debt Q (46.54)
Valuation
P/E 21.92
Forward P/E 31.70
Price / sales 5.21
Forward P/S Powerpack
Price / FCF 17.83
Price / book 4.15
Financial health
Current ratio Q 1.04
Debt / equity Q 0.36 (at or below 0.5: strong)
Interest coverage Q 10.49
Growth
Revenue growth Q +13.76% (above 0%: growing)
Operating income growth Q +101.83% (above 0%: growing)
EPS, this year +29.22% (at or above 15%: strong)
EPS, next year A +19.36% (at or above 15%: strong)
Revenue, next year A +6.65%
EPS, past 5 yrs —
EPS, next 5 yrs A +22.06% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 5.1×, against a ten-year median of 2.7×; over the ten years it ranged from −0.3× in 2018 to 20.9× in 2021.
P/E against its own 10 years 34.79%
10-year low 10-year high
P/S against its own 10 years 88.56%
10-year low 10-year high
P/B against its own 10 years 85.77%
10-year low 10-year high
EV/Sales against its own 10 years 87.92%
10-year low 10-year high
EV/FCF against its own 10 years 72.71%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 326 483 553 393
Receivables 1,176 1,200 1,302 1,432
Inventory — — — —
Other — — — —
1,523 1,703 1,882 1,852
2023 2024 2025 Q'26
Payables 1,372 1,466 1,608 1,738
ST’ Debt — — — —
Other 6 10 5 20
1,402 1,496 1,842 1,784

Compound Annual Growth %

10y 5y 3y
Sales 11.13% 26.36% 7.35%
Cash Flow 11.88% 0.00% 7.04%
Earnings 79.26% 0.00% 0.00%
Book Value 12.74% 19.30% 5.24%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.26 Actual 0.33

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.35 0.34 Miss by 0.01
Q1 FY26 0.05 0.13 Beat by 0.08
Q2 FY26 0.15 0.26 Beat by 0.11
Q3 FY26 0.26 0.33 Beat by 0.07
Q4 FY26 0.35 — Reports 24 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.03 0.13 0.23 — —
’25 (0.07) 0.08 0.13 0.80 0.95
’24 (0.13) (0.01) 0.04 0.24 0.16
’23 (0.73) (0.54) (0.13) 0.24 (1.17)
’22 (0.34) (0.19) (0.18) (0.27) (0.98)
’21 (0.11) 0.26 (0.18) 0.00 0.00
’20 (0.18) (0.36) (0.10) 0.05 (0.55)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 164 193 204 — —
’25 156 173 179 205 714
’24 149 163 162 194 668
’23 130 153 150 187 620
’22 118 138 146 175 577
’21 61 115 132 161 468
’20 36 42 61 82 222
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (121) 187 103 — —
’25 3 19 87 128 236
’24 (60) 90 91 115 235
’23 (31) 74 82 89 214
’22 22 42 40 89 193
’21 (1) 29 31 69 127
’20 (5) (16) (3) 12 (12)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (134) 170 88 — —
’25 (15) 2 65 99 152
’24 (70) 76 73 108 188
’23 (38) 63 75 77 177
’22 11 37 27 73 148
’21 (4) 16 24 62 97
’20 (10) (20) (6) 1 (34)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 278 156 125 156 222 468 577 620 668 714 767 +11.0% 761 839 905 +8.2%
Gross margin, % 73.67 63.46 51.88 63.31 64.92 56.95 46.77 33.86 61.26 62.66 66.62 (11.0) pt
EBT (23) (157) (61) (27) (53) (95) (136) (158) 26 71 123 n/m
EBT margin, % (8.24) (100.64) (49.30) (17.26) (23.80) (20.28) (23.50) (25.42) 3.96 9.89 16.03 +18.1 pt
Net income (18) (155) (62) (25) (53) 0 (130) (159) 23 145 181 n/m
Per share, $
Per share, $ Revenue 5.96 3.18 2.48 2.97 2.29 3.71 4.34 4.54 4.75 5.01 5.34 (1.9%)
Earnings (0.39) (3.17) (1.23) (0.48) (0.55) 0.00 (0.98) (1.17) 0.16 1.01 1.27 n/m
Cash flow 1.29 0.44 (0.45) 0.61 (0.12) 1.00 1.45 1.57 1.67 1.66 2.07 +2.8%
Capex (0.72) (0.83) (0.40) (0.38) (0.23) (0.23) (0.33) (0.27) (0.33) (0.59) (0.51) (2.1%)
Free cash flow 0.57 (0.39) (0.85) 0.23 (0.35) 0.77 1.11 1.30 1.34 1.07 1.56 +7.1%
Book value 6.42 3.37 2.35 2.13 3.95 6.97 5.95 5.14 5.47 6.47 6.70 +0.1%
Shares, m 47 49 50 53 97 126 133 137 141 143 143 +13.2%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 98.09 16.07 21.92 11.4
P/S 1.26 0.65 1.50 2.74 13.40 4.72 2.29 2.03 3.35 3.24 5.21 3.5
P/B 1.17 0.62 1.59 3.84 7.78 2.51 1.67 1.79 2.91 2.51 4.15 2.6
EV/Sales 0.59 (0.15) 0.83 2.27 13.01 5.76 2.97 2.36 3.45 2.95 5.15 3.4
EV/FCF 6.16 1.25 (2.42) 29.41 (84.76) 27.70 11.58 8.27 12.25 13.88 17.62 2.3
Cash, $m
Cash, $m Operating cash flow 60 22 (23) 32 (12) 127 193 214 235 236 297 +16.4%
Capex (33) (40) (20) (20) (22) (29) (44) (37) (47) (84) (73) +10.8%
Free cash flow 27 (19) (43) 12 (34) 97 148 177 188 152 224 +21.3%
Balance, $m
Balance, $m Working capital 173 87 60 46 85 149 201 121 207 40 68 (15.1%)
Net debt (190) (129) (88) (74) (86) 490 397 207 67 (206) (47) +0.9%
Shareholders’ equity 300 165 118 112 382 881 791 702 768 922 962 +13.3%
Returns, %
Returns, % ROA (3.42) (34.27) (16.63) (6.75) (8.01) 0.00 (4.80) (5.89) 0.82 4.81 5.97 +8.2 pt
ROIC (14.21) (276.64) (132.35) (45.31) (11.45) (3.70) (5.93) (10.66) 3.82 8.51 9.66 +22.7 pt
ROE (6.25) (66.70) (43.75) (22.16) (21.65) 0.01 (15.59) (21.32) 3.10 17.11 20.44 +23.4 pt
People
People Employees 572 514 100 444 569 876 947 911 905 971 — +6.1%
Revenue/emp, $m 0.49 0.30 1.25 0.35 0.39 0.53 0.61 0.68 0.74 0.74 — +4.7%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 4 Nov 2026

Magnite, Inc. vs peers in Advertising Agencies (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
TTD The Trade Desk $6.1B 15.1× 32.6× +3.03% (above 0%: growing) −22.22% (below 0%: shrinking) +29.84% (above 0%: growing) 74.22% 14.21% Compare
WPP WPP PLC $6.0B 20.8× 26.8× +7.31% (above 0%: growing) −56.60% (below 0%: shrinking) −21.98% (below 0%: shrinking) 14.73% 0.00% Compare
MGNI Magnite, Inc. $4.0B 21.9× 31.7× +13.76% (above 0%: growing) +71.43% (above 0%: growing) +36.82% (above 0%: growing) 68.65% 24.75%
LFTO Liftoff Mobile, Inc $2.9B — — — n/m — 86.77% 35.27% Compare
STGW Stagwell Inc. $2.7B 271× 44.9× +9.83% (above 0%: growing) −30.00% (below 0%: shrinking) +243.48% (above 0%: growing) 37.29% 5.89% Compare
DV DoubleVerify Holdings, Inc. $2.1B 33.9× 30.0× +9.02% (above 0%: growing) +66.67% (above 0%: growing) +16.98% (above 0%: growing) 81.26% 13.78% Compare
ZD Ziff Davis, Inc. $1.9B 3.1× 2.8× −18.59% (below 0%: shrinking) +2,623.81% (above 0%: growing) +100.30% (above 0%: growing) 84.06% (15.60%) Compare
QNST QuinStreet, Inc. $1.2B 14.3× 15.7× +42.67% (above 0%: growing) +450.00% (above 0%: growing) +84.60% (above 0%: growing) 13.32% 5.11% Compare
CRTO Criteo S.A. $858.7M 10.9× 8.2× −11.33% (below 0%: shrinking) −84.72% (below 0%: shrinking) −68.68% (below 0%: shrinking) 49.86% 5.03% Compare
Median of peers $2.4B 15.1× 26.8× +7.31% −22.22% +29.84% 62.04% 5.50%

All 41 Advertising Agencies stocks →

Pay and ownership Proxy statement filed 21 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 5.84m 6.13m 53.00
2024 5.25m 13.02m 52.00
2023 5.64m 2.46m 30.00
2022 6.13m (3.53m) 34.00
2021 18.29m (31.01k) 57.00

Ownership

Directors and executive officers, together 3.20%
The Vanguard Group 10.20%
Capital Research Global Investors 9.00%
BlackRock, Inc. 7.00%
Wellington Management Group LLP 6.00%
FMR LLC 5.70%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Magnite, Inc. (MGNI) Latest News

5 Nov

Impact 4 · · The Motley Fool transcript
Impact 4 · · GuruFocus.com
Impact 3 · · Simply Wall St.
Impact 3 · · The Motley Fool

4 Nov

Impact 4 · · MarketBeat transcript
Impact 4 · · GlobeNewswire
Impact 3 · · StockStory

29 Oct

Impact 3 · · GlobeNewswire

28 Oct

Impact 4 · · GlobeNewswire
Impact 4 · · Simply Wall St.

15 Oct

Impact 3 · · Trefis

14 Oct

Impact 4 · · GlobeNewswire

7 Oct

Impact 3 · · Trefis
Impact 3 · · GlobeNewswire

6 Oct

Impact 4 · · Simply Wall St.

3 Oct

Impact 4 · · Simply Wall St.

1 Oct

Impact 3 · · StockStory

30 Sep

Impact 4 · · Stocktwits
Impact 3 · · Trefis

29 Sep

Impact 4 · · MT Newswires
Impact 3 · · 24/7 Wall St.

28 Sep

Impact 4 · · GlobeNewswire

26 Sep

Impact 4 ·

23 Sep

Impact 4 · · GlobeNewswire
Impact 3 · · Trefis

21 Sep

Impact 3 · · GlobeNewswire

18 Sep

Impact 4 ·

17 Sep

Impact 4 · · The Motley Fool
Impact 4 · · Stocktwits
Impact 3 · · 24/7 Wall St.

MGNI metrics, ten years each

stockrow.com/MGNI · Data as of Nov 4, 2026 · For information only; not investment advice. · © 2026 stockrow.com