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Magnite, Inc. logo

Magnite, Inc.

MGNI

NASDAQCommunication ServicesAdvertising Agencies

Open in GoAI

Previous close

$23.50

+$0.15 · +0.64%

Aug 21, 4:00 PM ET

MGNI company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

73

Undervalued

Momentum

65

Gaining

Sentiment

62

Bullish

Risk resilience

39

High Risk

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Magnite, Inc. manages an independent, global platform dedicated to the digital advertising marketplace. This sophisticated system furnishes publishers—entities controlling digital content such as connected TV channels, mobile applications, and websites—with the necessary applications and utilities to oversee and monetize their ad inventory. Concurrently, it delivers services and tools for advertising buyers, including advertisers, agencies, agency trading desks, and demand-side platforms, enabling them to procure digital ad space. The company employs sales teams operating from various international locations to market its advanced technological solutions to both buying and selling parties. Formed in 2007, the enterprise was formerly known as The Rubicon Project, Inc. before rebranding as Magnite, Inc. in July 2020. Its corporate headquarters are located in New York, New York.

Industry
Advertising Agencies
Sector
Communication Services
Headquarters
US
CEO
Michael G. Barrett
Listed since
Apr 2, 2014
Employees
971

Market position

Day range

Current $23.50

52-week range

Current $23.50

Open
$23.48
Previous close
$23.35
Volume
1.56M
0.55× average
Average volume
2.85M
Average daily volume
Market cap
3.37B USD
Beta
2.27
Market reference 1
50-day average
$20.3482
+15.49% above average
200-day average
$15.5102
+51.51% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.39B USD
P/E (TTM)
20.09×
P/B (TTM)
3.59×
P/S (TTM)
4.54×
EV / EBITDA
16.66×
Earnings yield
6.25%
Free cash flow yield
7.16%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
64.78%
Operating margin
15.65%
Net margin
22.49%
Return on equity
15.68%
Return on assets
4.57%
Return on invested capital
6.30%

Financial health

Debt / equity
0.45×
Current ratio
1.02×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends71%36%1%-35%Gross margin, FY2021: 56.95%Gross margin, FY2022: 46.77%Gross margin, FY2023: 33.86%Gross margin, FY2024: 61.26%Gross margin, FY2025: 62.66%Operating margin, FY2021: -17.31%Operating margin, FY2022: -19.54%Operating margin, FY2023: -25.01%Operating margin, FY2024: 7.65%Operating margin, FY2025: 13.69%Net margin, FY2021: 0.01%Net margin, FY2022: -22.58%Net margin, FY2023: -25.69%Net margin, FY2024: 3.41%Net margin, FY2025: 20.26%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 56.95%. Gross margin FY2022 46.77%. Gross margin FY2023 33.86%. Gross margin FY2024 61.26%. Gross margin FY2025 62.66%. Operating margin FY2021 -17.31%. Operating margin FY2022 -19.54%. Operating margin FY2023 -25.01%. Operating margin FY2024 7.65%. Operating margin FY2025 13.69%. Net margin FY2021 0.01%. Net margin FY2022 -22.58%. Net margin FY2023 -25.69%. Net margin FY2024 3.41%. Net margin FY2025 20.26%.

Income trends

Revenue

713.95M USD+6.85%

Operating income

97.76M USD+91.37%

Net income

144.61M USD+534.66%
Income trends across reported periods801.27M USD452.01M USD102.76M USD−246.5M USDRevenue, FY2021: 468.41M USDRevenue, FY2022: 577.07M USDRevenue, FY2023: 619.71M USDRevenue, FY2024: 668.17M USDRevenue, FY2025: 713.95M USDOperating income, FY2021: −81.07M USDOperating income, FY2022: −112.78M USDOperating income, FY2023: −155.01M USDOperating income, FY2024: 51.09M USDOperating income, FY2025: 97.76M USDNet income, FY2021: 65K USDNet income, FY2022: −130.32M USDNet income, FY2023: −159.18M USDNet income, FY2024: 22.79M USDNet income, FY2025: 144.61M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 468.41M USD. Revenue FY2022 577.07M USD. Revenue FY2023 619.71M USD. Revenue FY2024 668.17M USD. Revenue FY2025 713.95M USD. Operating income FY2021 −81.07M USD. Operating income FY2022 −112.78M USD. Operating income FY2023 −155.01M USD. Operating income FY2024 51.09M USD. Operating income FY2025 97.76M USD. Net income FY2021 65K USD. Net income FY2022 −130.32M USD. Net income FY2023 −159.18M USD. Net income FY2024 22.79M USD. Net income FY2025 144.61M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue713.95M USD668.17M USD619.71M USD577.07M USD468.41M USD
Cost of goods sold266.62M USD258.84M USD409.91M USD307.17M USD201.66M USD
Gross profit447.33M USD409.33M USD209.8M USD269.9M USD266.75M USD
Research and development84.71M USD95.24M USD94.32M USD93.76M USD74.45M USD
Selling, general, and administrative264.86M USD263M USD263.03M USD281.46M USD235.2M USD
Operating expenses349.57M USD358.25M USD364.81M USD382.69M USD347.82M USD
Interest expense18.92M USD27.03M USD32.37M USD29.26M USD19.85M USD
Depreciation and amortization53.67M USD58.51M USD240.82M USD216.05M USD146.89M USD
Operating income97.76M USD51.09M USD−155.01M USD−112.78M USD−81.07M USD
Net income144.61M USD22.79M USD−159.18M USD−130.32M USD65K USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
64%
7 beats, 2 misses, 2 met estimates
Average EPS surprise
+1060.86%
11 comparable reports
Latest EPS result
0.26
Estimate 0.24 · Beat by 7.04%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.430.30.180.05Q1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25MetQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 26, 2025: actual 0.34, estimate 0.39, surprise -12.82%, Miss. Q2 2025, reported May 7, 2025: actual 0.12, estimate 0.06, surprise +100.00%, Beat. Q3 2025, reported Aug 6, 2025: actual 0.2, estimate 0.17, surprise +17.65%, Beat. Q4 2025, reported Nov 5, 2025: actual 0.2, estimate 0.2, surprise 0.00%, Met estimate. Q1 2026, reported Feb 25, 2026: actual 0.34, estimate 0.35, surprise -2.86%, Miss. Q2 2026, reported May 6, 2026: actual 0.13, estimate 0.106, surprise +22.99%, Beat. Q3 2026, reported Aug 5, 2026: actual 0.26, estimate 0.243, surprise +7.04%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 0.26, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates202.85M180.13M157.41M134.69MQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 26, 2025: actual 193.97M USD, estimate 183.9M USD, surprise +5.47%, Beat. Q2 2025, reported May 7, 2025: actual 155.77M USD, estimate 142.5M USD, surprise +9.32%, Beat. Q3 2025, reported Aug 6, 2025: actual 173.33M USD, estimate 157.02M USD, surprise +10.39%, Beat. Q4 2025, reported Nov 5, 2025: actual 179.49M USD, estimate 193.87M USD, surprise -7.42%, Miss. Q1 2026, reported Feb 25, 2026: actual 195.05M USD, estimate 194.22M USD, surprise +0.43%, Beat. Q2 2026, reported May 6, 2026: actual 160.9M USD, estimate 159.24M USD, surprise +1.05%, Beat. Q3 2026, reported Aug 5, 2026: actual 189.6M USD, estimate 179.15M USD, surprise +5.83%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 190.18M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

32 ratings
Strong buy00%
Buy1959%
Hold928%
Sell413%
Strong sell00%

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ETFs holding MGNI

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
85.56M
Weight
0.11%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
83.87M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
60.35M
Weight
0.03%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Morningstar Small-Cap Value ETF logoVanguard Morningstar Small-Cap Value ETFVBR
Market value
38.34M
Weight
0.06%
AUM
68.3B USD
Expense ratio
0.05%
Price / 1D
$249.18+0.68%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
31.78M
Weight
0.03%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
iShares Russell 2000 Growth ETF logoiShares Russell 2000 Growth ETFIWO
Market value
18.34M
Weight
0.12%
AUM
15.16B USD
Expense ratio
0.24%
Price / 1D
$387.37+1.24%
Schwab U.S. Small-Cap ETF logoSchwab U.S. Small-Cap ETFSCHA
Market value
15.99M
Weight
0.07%
AUM
23.1B USD
Expense ratio
0.03%
Price / 1D
$34.83+0.52%
Vanguard Russell 2000 ETF logoVanguard Russell 2000 ETFVTWO
Market value
15.64M
Weight
0.09%
AUM
17.4B USD
Expense ratio
0.06%
Price / 1D
$121.25+0.74%

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