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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. In the quarter to June 2026, revenue grew 11.2%, EPS grew 75.0%, free cash flow grew 6,786.0% and total debt was flat, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for five.

23.37 1.11 −4.53%
Market cap
$3.5B
P/E
20.0×
Fwd P/E
21.5×
Dividend yield
—
F-score
6/9
Altman Z
0.73
Beneish M
−2.50
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 26.87
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 4 1 — 1 — — 1 8 5 11 9 1
Insider Ownership 2.08%

Capital & Financial Ratios $m

Market Cap 3,510.00
Revenue 742.04
Net Income 166.89
Free Cash Flow 200.30
Net Debt 14.15
Current Ratio 1.03
Debt/Equity 0.37 (at or below 0.5: strong)
P/E ratio 19.97
Fwd P/E 21.50
P/S ratio 4.50
P/B ratio 3.57
Past 5Y EPS Growth —
This Y EPS Growth 30.34% (at or above 15%: strong)
Next Y EPS Growth 21.52% (at or above 15%: strong)
Next Y revenue growth 6.65%
Next 5Y EPS Growth 20.09% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 4.5×, 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 26.02%
10-year low 10-year high
P/S against its own 10 years 83.49%
10-year low 10-year high
P/B against its own 10 years 79.51%
10-year low 10-year high
EV/Sales against its own 10 years 82.03%
10-year low 10-year high
EV/FCF against its own 10 years 68.48%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 326 483 553 333
Receivables 1,176 1,200 1,302 1,384
Inventory — — — —
Other — — — —
1,523 1,703 1,882 1,746
2023 2024 2025 Q'26
Payables 1,372 1,466 1,608 1,667
ST’ Debt — — — —
Other 6 10 5 9
1,402 1,496 1,842 1,704

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%

Revenue $m

Mar Jun Sep Dec Year
’26 164 193 — — —
’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 — — —
’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 — — —
’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.

EPS $

Mar Jun Sep Dec Year
’26 0.03 0.13 — — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 6.12 1.68 1.48 3.60 4.09 15.83 5.59 6.28 8.38 8.22

Analyst estimates 2026–2028

Powerpack
High 20.37 9.16 4.89 10.85 33.00 64.39 18.22 15.73 18.38 26.65
People
People Employees 572 514 100 444 569 876 947 911 905 971
Revenue/emp, $m 0.49 0.30 1.25 0.35 0.39 0.53 0.61 0.68 0.74 0.74
Income, $m
Income, $m Revenue 278 156 125 156 222 468 577 620 668 714
Gross margin, % 73.67 63.46 51.88 63.31 64.92 56.95 46.77 33.86 61.26 62.66
EBT (23) (157) (61) (27) (53) (95) (136) (158) 26 71
EBT margin, % (8.24) (100.64) (49.30) (17.26) (23.80) (20.28) (23.50) (25.42) 3.96 9.89
Net income (18) (155) (62) (25) (53) 0 (130) (159) 23 145
Depreciation 66 131 35 32 49 152 226 247 63 57
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
Earnings (0.39) (3.17) (1.23) (0.48) (0.55) 0.00 (0.98) (1.17) 0.16 1.01
Cash flow 1.29 0.44 (0.45) 0.61 (0.12) 1.00 1.45 1.57 1.67 1.66
Capex (0.72) (0.83) (0.40) (0.38) (0.23) (0.23) (0.33) (0.27) (0.33) (0.59)
Free cash flow 0.57 (0.39) (0.85) 0.23 (0.35) 0.77 1.11 1.30 1.34 1.07
Book value 6.42 3.37 2.35 2.13 3.95 6.97 5.95 5.14 5.47 6.47
Shares, m 47 49 50 53 97 126 133 137 141 143
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 98.09 16.07
P/S 1.26 0.65 1.50 2.74 13.40 4.72 2.29 2.03 3.35 3.24
P/B 1.17 0.62 1.59 3.84 7.78 2.51 1.67 1.79 2.91 2.51
EV/Sales 0.59 (0.15) 0.83 2.27 13.01 5.76 2.97 2.36 3.45 2.95
EV/FCF 6.16 1.25 (2.42) 29.41 (84.76) 27.70 11.58 8.27 12.25 13.88
Cash, $m
Cash, $m Operating cash flow 60 22 (23) 32 (12) 127 193 214 235 236
Capex (33) (40) (20) (20) (22) (29) (44) (37) (47) (84)
Free cash flow 27 (19) (43) 12 (34) 97 148 177 188 152
Balance, $m
Balance, $m Working capital 173 87 60 46 85 149 201 121 207 40
Total debt — — — 15 32 720 723 533 550 348
Net debt (190) (129) (88) (74) (86) 490 397 207 67 (206)
Shareholders’ equity 300 165 118 112 382 881 791 702 768 922
Returns, %
Returns, % ROA (3.42) (34.27) (16.63) (6.75) (8.01) 0.00 (4.80) (5.89) 0.82 4.81
ROIC (14.21) (276.64) (132.35) (45.31) (11.45) (3.70) (5.93) (10.66) 3.82 8.51
ROE (6.25) (66.70) (43.75) (22.16) (21.65) 0.01 (15.59) (21.32) 3.10 17.11
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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 $6.2B 14.4× 19.9× +3.03% (above 0%: growing) −22.22% (below 0%: shrinking) +29.84% (above 0%: growing) 74.22% 14.21% Compare
WPP WPP PLC $5.9B 20.3× 7.5× +7.31% (above 0%: growing) −56.60% (below 0%: shrinking) −21.98% (below 0%: shrinking) 14.73% 0.00% Compare
MGNI Magnite, Inc. $3.5B 20.0× 21.5× +11.24% (above 0%: growing) +75.00% (above 0%: growing) +6,786.00% (above 0%: growing) 67.83% 16.19%
STGW Stagwell Inc. $2.2B 128× 20.8× +11.25% (above 0%: growing) n/m −53.97% (below 0%: shrinking) 34.24% 1.47% Compare
DV DoubleVerify Holdings, Inc. $2.1B 37.5× 21.3× +2.52% (above 0%: growing) +60.00% (above 0%: growing) +63.97% (above 0%: growing) 83.24% 11.88% Compare
ZD Ziff Davis, Inc. $2.0B 3.2× 18.8× −2.74% (below 0%: shrinking) +2,623.81% (above 0%: growing) +100.30% (above 0%: growing) 84.06% (15.60%) Compare
QNST QuinStreet, Inc. $932.2M 11.4× 12.0× +42.67% (above 0%: growing) +450.00% (above 0%: growing) +84.60% (above 0%: growing) 13.32% 5.11% Compare
CRTO Criteo S.A. $879.9M 7.6× 8.2× −11.32% (below 0%: shrinking) −42.50% (below 0%: shrinking) −3.42% (below 0%: shrinking) 51.92% 3.51% Compare
EVC Entravision Communications Corporation $615.6M 211× — (loss-making) +126.24% (above 0%: growing) n/m +294.23% (above 0%: growing) 26.04% 13.15% Compare
Median of peers $2.1B 17.3× 18.8× +5.17% +18.89% +46.91% 43.08% 4.31%

All 42 Advertising Agencies stocks →

Magnite, Inc. (MGNI) key facts

  • Strength: Magnite, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $714.0 million, up 6.85% from fiscal 2024.
  • Magnite, Inc. (MGNI) is an Advertising Agencies company in the Communication Services sector, listed on Nasdaq.
  • As of October 16, 2026, MGNI traded at $23.37, a market capitalization of $3.5 billion.
  • Return on equity was 17.1% and debt-to-equity 0.37.
  • Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 0.73 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Magnite, Inc. (MGNI) Latest News

7 Aug

Impact 5 ·
stockrow.com/MGNI · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com