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

27.53 0.01 +0.04%
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

Magnite, Inc. (MGNI) Gross margin

Alert me on Gross margin

Magnite, Inc.'s gross margin over the twelve months to 30 September 2026 was 66.6%, up 4.0 percentage points from fiscal 2025 (62.7%). Over the past ten years it has ranged from 33.9% (fiscal 2023) to 76.5% (fiscal 2015); the current reading is higher than 55% of that period. That is above the Advertising Agencies industry median of 44.7% and above the Communication Services sector median of 51.3%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 62.7% 1.40
FY2024 61.3% 27.40
FY2023 33.9% (12.91)
FY2022 46.8% (10.18)
FY2021 57.0% (7.97)
FY2020 64.9% 1.61
FY2019 63.3% 11.43
FY2018 51.9% (11.58)
FY2017 63.5% (10.21)
FY2016 73.7% (2.79)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 68.7% 0.82
Jun 2026 67.8% 4.58
Mar 2026 63.3% (2.90)
Dec 2025 66.2% 4.79
43 more quarters

Against its own ten years

Low 33.9% High 76.5%
Ten-year median 62.7%
Current reading's percentile 84

Gross margin against peers

Company Gross margin
ZD Ziff Davis, Inc. compare 92.3%
DV DoubleVerify Holdings, Inc. compare 82.2%
TTD The Trade Desk compare 76.9%
MGNI Magnite, Inc. 66.6%
CRTO Criteo S.A. compare 52.5%
STGW Stagwell Inc. compare 36.0%
WPP WPP PLC compare 17.2%
QNST QuinStreet, Inc. compare 11.3%
LFTO Liftoff Mobile, Inc compare —
Advertising Agencies industry median 44.7%
Communication Services sector median 51.3%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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