GuruFocus·Jun 30, 2026
Why Trade Desk Stock Tumbling TodayThe Trade Desk (TTD) shares fell 4% in premarket trading Tuesday after Arete Research downgraded the digital advertising technology company to Sell from Neutral
Magnite, Inc.(MGNI)Earnings, Financials & Key Ratios
MGNI•NASDAQ
$20.52
21.6× P/E·Price updated Jul 7, 2026
SectorCommunication ServicesIndustryAdvertising & MarketingSub-IndustryDigital ad platforms and programmatic
AboutMagnite, Inc. operates an independent sell-side advertising platform in the United States and internationally. The company's platform offers applications and services for sellers of digital advertising inventory or publishers that own and operate CTV channels, applications, websites, and other digital media properties, to manage and monetize their inventory; and provides applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory. It markets its technology solutions to buyers and sellers through a sales teams that operate from various locations. The company was formerly known as The Rubicon Project, Inc. and changed name to Magnite, Inc. in July 2020. Magnite, Inc. was incorporated in 2007 and is headquartered in New York, New York.Show more
- Revenue$714M+6.9%
- EBITDA$151M+38.2%
- Net Income$145M+534.7%
- EPS (Diluted)0.95+493.7%
- Gross Margin62.66%+2.3%
- EBITDA Margin21.21%+29.3%
- Operating Margin13.69%+79.1%
- Net Margin20.26%+494.0%
- ROE17.11%+451.8%
MGNI Price & Volume
Magnite, Inc. (MGNI) stock price & volume — 10-year historical chart
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Programmatic Growth Stabilizes Amidst Structural Margin Constraints
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Stable
Profitability:Moderate
Financial:Strained
Cash Flow:Mixed
Primary Risk:Take rate compression risk
Key Thesis Takeaways
- Magnite has successfully transitioned from an acquisition-heavy growth phase to a period of balance sheet deleveraging, evidenced by a reduction in total debt from $625.7 million in 2024Q1 to $82.5 million by 2026Q1.
- While revenue growth has stabilized at a modest 5.5% as of 2026Q1, the firm faces persistent challenges regarding operating leverage and earnings quality due to stock-based compensation charges often exceeding $17 million per quarter.
- Investors should monitor the company's ability to maintain liquidity, as the current ratio of 1.02 and significant working capital volatility, such as the $156.4 million outflow in 2026Q1, suggest a narrow margin of safety.
Verdict Logic
while the debt-to-equity ratio has improved to 0.09, the inconsistent free cash flow and the $156.4 million working capital outflow in 2026Q1 warrant a cautious approach until operational cash generation stabilizes.
MGNI Growth Metrics
Magnite, Inc. (MGNI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years11.13%
5 Years26.36%
3 Years7.35%
TTM7.1%
Profit CAGR
10 Years79.26%
5 Years-
3 Years-
TTM413.31%
EPS CAGR
10 Years57.68%
5 Years-
3 Years-
TTM429.43%
Return on Capital
10 Years-17.67%
5 Years-2.85%
3 Years0.12%
Last Year7.29%
MGNI Recent Earnings
Magnite, Inc. (MGNI) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$0.13+23.0%
$0.11
Rev
$161M+1.0%
$159M
Q1 2026
Feb 25, 2026Metric
Actual
Est
EPS
$0.34-2.9%
$0.35
Rev
$195M+0.4%
$194M
Q4 2025
Nov 5, 2025Metric
Actual
Est
EPS
$0.20+0.0%
$0.20
Rev
$179M-7.4%
$194M
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$0.20+17.6%
$0.17
Rev
$173M+10.4%
$157M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.13vs $0.11+23.0% | $161Mvs $159M+1.0% |
| Q1 2026 | Feb 25, 2026 | $0.34vs $0.35-2.9% | $195Mvs $194M+0.4% |
| Q4 2025 | Nov 5, 2025 | $0.20vs $0.20+0.0% | $179Mvs $194M-7.4% |
| Q3 2025 | Aug 6, 2025 | $0.20vs $0.17+17.6% | $173Mvs $157M+10.4% |
Based on last 12 quarters of dataView full earnings history →
Latest MGNI News
Recent stock market news and headlines for Magnite, Inc. (MGNI)
Fool - Investing News·Jun 26, 2026
Magnite vs. Sea: Which Media Stock Is a Better Buy in 2026?Magnite's connected TV focus contrasts with Sea's vast Southeast Asian digital empire.
Fool - Investing News·Jun 22, 2026
What Does a Magnite Insider's Sale of Over 19,000 Company Shares Mean for Investors?This digital advertising platform provider reported a notable insider sale amid ongoing shifts in the programmatic ad market.
Seeking Alpha·Jun 19, 2026
Magnite: CTV Momentum Should Continue To Translate Into Higher ValueMagnite delivered strong Q1 results, with CTV contribution ex-TAC up 30% YoY and now over 50% of total contribution. I remain bullish and reiterate my buy rating, citing positive sentiment, robust CTV growth, and improved profitability metrics including a 27% adj. EBITDA margin. MGNI paid down $205M in senior notes, reducing net leverage to 0.7x and aligning with management's target of less than 1x.
Zacks Investment Research·Jun 17, 2026
Magnite (MGNI) Moves 10.8% Higher: Will This Strength Last?Magnite (MGNI) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Peers Comparison
Key metrics vs top competitors for Magnite, Inc. (MGNI)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $20.52 | $2.94B | 21.60 | 6.85% | 20.26% | 17.11% | — | |
| $13.32 | $622.09M | -42.97 | -2.86% | -6.21% | -6.98% | — | |
| $11.44 | $1.76B | 38.13 | 13.92% | 7.16% | 5% | — | |
| $10.34 | $1.74B | 44.96 | 11.75% | 7.91% | 4.43% | — | |
| $23.16 | $1.16B | 8.74 | 0.6% | 6.01% | 9.9% | — | |
| $19.18 | $9.02B | 21.08 | 18.47% | 14.57% | 16.91% | — |
Compare MGNI vs Peers
Magnite, Inc. (MGNI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MGNI SEC Filings & Documents
Magnite, Inc. (MGNI) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 6, 2026·SEC
Material company update
Apr 20, 2026·SEC
Material company update
Apr 10, 2026·SEC
10-K Annual Reports
210-Q Quarterly Reports
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MGNI Frequently Asked Questions
Magnite, Inc. (MGNI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Magnite, Inc.'s revenue?
Magnite, Inc. (MGNI) reported $722.6M in revenue for fiscal year 2025. This represents a 1850% increase from $37.1M in 2011.
How fast is Magnite, Inc. growing?
Magnite, Inc. (MGNI) grew revenue by 6.9% over the past year. This is steady growth.
Is MGNI profitable?
Yes, Magnite, Inc. (MGNI) is profitable, generating $158.7M in net income for fiscal year 2025 (20.3% net margin).
Dividend & Returns
What is MGNI's return on equity?
Magnite, Inc. (MGNI) has a return on equity (ROE) of 17.1%. This is reasonable for most industries.
What is Magnite, Inc.'s free cash flow?
Magnite, Inc. (MGNI) generated $43.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.