MGNI Nasdaq Services-Computer Programming, Data Processing, Etc. Financials FY2016βFY2025
Magnite, Inc. had $714M of revenue in fiscal 2025, up 6.9% on the year before. Over five years, revenue changed +26.4% a year on average.
Last close Β· Oct 23, 2026
$22.89
1.0%Hi! I read Magnite, Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+6.9%
Yes. Sales grew 6.9% last year.
Does it make a profit?
20.3%
Yes. It keeps 20.3% of every sale as profit.
Does profit turn into cash?
23.2%
Yes. 23.2% of sales ends up as free cash.
Is debt under control?
1.4x
Keep an eye on it. Repaying its debt would take 1.4 years of operating profit.
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
How is the share priced?
20.8x
One share costs 20.8 times its yearly profit per share.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Magnite, Inc. had $714M of revenue in fiscal 2025, up 6.9% on the year before. Over five years, revenue changed +26.4% a year on average. Its operating margin was 13.7%, up 6.0Β pts: of every 100 in sales, about 14 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Magnite, Inc. made $145M of net profit in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was $166M in fiscal 2025, 23.2% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
KIRA Β· Magnite, Inc. returned $46.3M to shareholders in fiscal 2025, 28% of free cash flow. The diluted share count rose 4.7%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders sold $26.9M of shares on the open market and bought none.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$26.9M
13 insiders
Of sales under plans
96%
$25.8M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Oct 12, 2026 | Paul CaineDirector | Sold plan | 12,500 | $25.29 | $0.3M | Form 4 |
| Sep 17, 2026 | Douglas S KnopperDirector | Sold plan | 37,337 | $26.28 | $1.0M | Form 4 |
| Sep 17, 2026 | Paul CaineDirector | Sold plan | 7,500 | $26.50 | $0.2M | Form 4 |
| Sep 14, 2026 | David BuonaseraChief Technology Officer | Sold plan | 1,165 | $24.00 | $0.0M | Form 4 |
| Sep 14, 2026 | Robert F SpillaneDirector | Sold | 10,363 | $23.76 | $0.2M | Form 4 |
| Sep 11, 2026 | Katie Seitz EvansSee Remarks | Sold plan | 13,997 | $24.00 | $0.3M | Form 4 |
| Sep 10, 2026 | Aaron SaltzChief Legal Officer | Sold plan | 40,000 | $23.41 | $0.9M | Form 4 |
| Sep 10, 2026 | Paul CaineDirector | Sold plan | 5,000 | $23.53 | $0.1M | Form 4 |
| Sep 9, 2026 | Katie Seitz EvansSee Remarks | Sold plan | 11,100 | $23.46 | $0.3M | Form 4 |
| Sep 8, 2026 | Katie Seitz EvansSee Remarks | Sold plan | 32,285 | $23.63 | $0.8M | Form 4 |
| Sep 2, 2026 | David BuonaseraChief Technology Officer | Sold plan | 1,043 | $25.00 | $0.0M | Form 4 |
| Sep 1, 2026 | David BuonaseraChief Technology Officer | Sold plan | 5,371 | $23.42 | $0.1M | Form 4 |
| Aug 28, 2026 | Sarah Patricia HardenDirector | Sold plan | 18,436 | $24.00 | $0.4M | Form 4 |
| Aug 26, 2026 | Sarah Patricia HardenDirector | Sold plan | 30,550 | $23.31 | $0.7M | Form 4 |
| Aug 18, 2026 | Sean Patrick BuckleySee Remarks | Sold plan | 2,759 | $25.00 | $0.1M | Form 4 |
| Aug 17, 2026 | Sean Patrick BuckleySee Remarks | Sold plan | 8,271 | $24.31 | $0.2M | Form 4 |
| Aug 14, 2026 | Paul CaineDirector | Sold plan | 7,500 | $25.00 | $0.2M | Form 4 |
| Aug 10, 2026 | Paul CaineDirector | Sold plan | 5,000 | $24.35 | $0.1M | Form 4 |
| Aug 10, 2026 | Rachel LamDirector | Sold | 10,000 | $24.16 | $0.2M | Form 4 |
| Aug 10, 2026 | Brian GephartChief Accounting Officer | Sold | 12,479 | $24.68 | $0.3M | Form 4 |
| Aug 6, 2026 | Katie Seitz EvansSee Remarks | Sold plan | 20,000 | $24.00 | $0.5M | Form 4 |
| Aug 6, 2026 | Sean Patrick BuckleySee Remarks | Sold plan | 67,179 | $24.49 | $1.6M | Form 4 |
| Aug 6, 2026 | Michael G. BarrettCEO, Director | Sold plan | 293,968 | $22.72 | $6.7M | Form 4 |
| Aug 6, 2026 | David BuonaseraChief Technology Officer | Sold plan | 7,649 | $23.46 | $0.2M | Form 4 |
| Aug 6, 2026 | Douglas S KnopperDirector | Sold plan | 37,337 | $22.72 | $0.8M | Form 4 |
| Jul 15, 2026 | Michael G. BarrettCEO, Director | Sold plan | 38,596 | $20.35 | $0.8M | Form 4 |
| Jul 10, 2026 | Paul CaineDirector | Sold plan | 5,000 | $20.64 | $0.1M | Form 4 |
| Jul 7, 2026 | David BuonaseraChief Technology Officer | Sold plan | 1,224 | $21.00 | $0.0M | Form 4 |
| Jul 7, 2026 | Sean Patrick BuckleySee Remarks | Sold plan | 19,233 | $21.03 | $0.4M | Form 4 |
| Jul 1, 2026 | David BuonaseraChief Technology Officer | Sold plan | 9,376 | $20.00 | $0.2M | Form 4 |
| Jun 29, 2026 | Michael G. BarrettCEO, Director | Sold plan | 75,000 | $19.50 | $1.5M | Form 4 |
| Jun 17, 2026 | David BuonaseraChief Technology Officer | Sold plan | 1,409 | $19.00 | $0.0M | Form 4 |
| Jun 17, 2026 | Sean Patrick BuckleySee Remarks | Sold plan | 19,233 | $19.00 | $0.4M | Form 4 |
| Jun 16, 2026 | Michael G. BarrettCEO, Director | Sold plan | 100,000 | $17.50 | $1.8M | Form 4 |
| Jun 16, 2026 | David BuonaseraChief Technology Officer | Sold plan | 11,233 | $18.00 | $0.2M | Form 4 |
| Jun 16, 2026 | Douglas S KnopperDirector | Sold plan | 37,337 | $18.10 | $0.7M | Form 4 |
| Jun 15, 2026 | Michael G. BarrettCEO, Director | Sold plan | 178,596 | $16.59 | $3.0M | Form 4 |
| Jun 15, 2026 | David BuonaseraChief Technology Officer | Sold plan | 1,057 | $17.00 | $0.0M | Form 4 |
| Jun 10, 2026 | Douglas S KnopperDirector | Sold plan | 10,766 | $15.73 | $0.2M | Form 4 |
| Jun 10, 2026 | David T. PearsonDirector | Sold plan | 10,766 | $15.65 | $0.2M | Form 4 |
| Jun 1, 2026 | David BuonaseraChief Technology Officer | Sold plan | 1,409 | $15.00 | $0.0M | Form 4 |
| May 19, 2026 | Robert F SpillaneDirector | Sold | 10,000 | $13.33 | $0.1M | Form 4 |
| Feb 18, 2026 | Adam Lee SorocaChief Product Officer | Sold plan | 21,529 | $12.00 | $0.3M | Form 4 |
| Dec 17, 2025 | Adam Lee SorocaChief Product Officer | Sold plan | 16,656 | $17.00 | $0.3M | Form 4 |
| Nov 24, 2025 | Sean Patrick BuckleyPresident, Revenue | Sold plan | 2,213 | $14.50 | $0.0M | Form 4 |
| Nov 21, 2025 | Robert F SpillaneDirector | Sold | 12,500 | $14.22 | $0.2M | Form 4 |
| Nov 18, 2025 | Sean Patrick BuckleyPresident, Revenue | Sold plan | 4,426 | $13.36 | $0.1M | Form 4 |
| Nov 18, 2025 | Adam Lee SorocaChief Product Officer | Sold plan | 10,857 | $13.23 | $0.1M | Form 4 |
| Oct 24, 2025 | Paul CaineDirector | Sold plan | 5,000 | $20.00 | $0.1M | Form 4 |
Can it carry its debts, and how well does it use its money?
KIRA Β· Magnite, Inc. owes $211M more than it holds in cash, about 1.4 years of operating profit.
Cash, debt and the ratios that show how comfortably Magnite, Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $230M | $326M | $326M | $483M | $553M |
| Debt incl. finance leases | $762M | $758M | $540M | $557M | $765M |
| Net debt / EBITDA | 8.1x | 4.2x | 2.5x | 0.7x | 1.4x |
| Debt / equity | 0.9x | 1.0x | 0.8x | 0.7x | 0.8x |
| Interest coverage | β | β3.9x | β4.8x | 1.9x | 5.2x |
| Current ratio | 1.1x | 1.2x | 1.1x | 1.1x | 1.0x |
| Quick ratio | 1.1x | 1.2x | 1.1x | 1.1x | 1.0x |
| Total assets | $2.7B | $2.7B | $2.7B | $2.9B | $3.2B |
| Total liabilities | $1.8B | $1.9B | $2.0B | $2.1B | $2.2B |
| Shareholders' equity | $881M | $791M | $702M | $768M | $922M |
| Net debt (β = net cash) | $531M | $432M | $214M | $74.2M | $211M |
KIRA Β· Its return on capital was 8.6%: every 100 invested in the business earned about 9 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Magnite, Inc. passes 5 of 9 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 2 / 8 | 2 / 8 | 5 / 8 | 3 / 8 | 4 / 9 | 6 / 9 | 4 / 9 | 8 / 9 | 5 / 9 |
| Accruals ratio | β15.0% | β39.0% | β10.5% | β15.2% | β6.2% | β6.9% | β11.9% | β13.8% | β7.7% | β3.0% |
| Altman Z'' | 2.67 | β2.62 | β2.45 | β2.11 | β0.45 | 0.19 | 0.01 | β0.55 | 0.23 | 0.19 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $278M | $156M | $125M | $156M | $222M | $468M | $577M | $620M | $668M | $714M |
| Net interest income | $0.5M | $0.9M | $1.0M | $0.8M | $0.1M | β$19.8M | β$29.3M | β$32.4M | β | β |
| Gross profit | $205M | $98.7M | $64.7M | $99.0M | $144M | $267M | $270M | $210M | $409M | $447M |
| Research and development | $51.2M | $47.5M | $37.9M | $40.3M | $51.5M | $74.4M | $93.8M | $94.3M | $95.2M | $84.7M |
| Operating income | β$24.9M | β$157M | β$63.6M | β$27.6M | β$54.2M | β$81.1M | β$113M | β$155M | $51.1M | $97.6M |
| Interest expense | β | β | β | β | β | β | $29.3M | $32.4M | $27.0M | $18.9M |
| Pretax income | β$22.9M | β$157M | β$61.5M | β$27.0M | β$52.7M | β$95.0M | β$136M | β$158M | $26.5M | $70.6M |
| Income tax | β$4.9M | β$1.8M | $0.4M | β$1.5M | $0.7M | β$95.1M | β$5.3M | $1.6M | $3.7M | β$74.0M |
| Net income | β$18.1M | β$155M | β$61.8M | β$25.5M | β$53.4M | $0.1M | β$130M | β$159M | $22.8M | $145M |
| Net income to common | β$18.1M | β | β | β | β | β | β | β | β | β |
| Diluted EPS | β$0.39 | β$3.17 | β$1.23 | β$0.48 | β$0.55 | $0.00 | β$0.98 | β$1.17 | $0.16 | $0.95 |
| Diluted shares | 0.05B | 0.05B | 0.05B | 0.05B | 0.10B | 0.14B | 0.13B | 0.14B | 0.15B | 0.15B |
| Cash flow | ||||||||||
| Cash from operations | $60.1M | $21.5M | β$22.7M | $32.0M | β$12.1M | $127M | $193M | $214M | $235M | $236M |
| Capital expenditure | $23.5M | $32.4M | $11.4M | $11.4M | $14.3M | $17.7M | $30.8M | $26.8M | $32.8M | $70.5M |
| Free cash flow | $36.6M | β$10.9M | β$34.1M | $20.6M | β$26.4M | $109M | $162M | $188M | $202M | $166M |
| Depreciation and amortization | $42.8M | $36.2M | $35.3M | $32.1M | $49.2M | $147M | $216M | $241M | $58.5M | $53.7M |
| Stock-based compensation | $28.7M | $20.5M | $16.3M | $18.8M | $28.5M | $40.7M | $64.1M | $72.6M | $76.5M | $76.6M |
| Acquisitions | $0.2M | $38.6M | $0.0M | $11.0M | β$54.6M | $662M | $20.8M | $0.0M | $0.0M | $8.1M |
| Share buybacks | β | β | β | $0.0M | $0.0M | $6.0M | $15.7M | $0.0M | $14.6M | $46.3M |
| Dividends and buybacks | β | β | β | $0.0M | $0.0M | $6.0M | $15.7M | $0.0M | $14.6M | $46.3M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $149M | $76.6M | $80.5M | $88.9M | $118M | $230M | $326M | $326M | $483M | $553M |
| Total debt | β | β | β | β | $0.0M | $762M | $758M | $540M | $557M | $765M |
| Current assets | $392M | $305M | $301M | $313M | $607M | $1.2B | $1.3B | $1.5B | $1.7B | $1.9B |
| Current liabilities | $218M | $217M | $241M | $267M | $522M | $1.0B | $1.1B | $1.4B | $1.5B | $1.8B |
| Property and equipment, net | $36.2M | $47.4M | $33.5M | $23.7M | $23.7M | $34.1M | $45.0M | $47.4M | $68.7M | $109M |
| Goodwill | $65.7M | $0.0M | $0.0M | $7.4M | $158M | $970M | $978M | $978M | $978M | $984M |
| Intangible assets | $6.8M | $13.4M | $10.2M | $11.4M | $89.9M | $427M | $254M | $51.0M | $21.3M | $12.4M |
| Total assets | $520M | $384M | $360M | $395M | $939M | $2.7B | $2.7B | $2.7B | $2.9B | $3.2B |
| Total liabilities | $220M | $219M | $242M | $283M | $557M | $1.8B | $1.9B | $2.0B | $2.1B | $2.2B |
| Preferred stock | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | $300M | $165M | $118M | $112M | $382M | $881M | $791M | $702M | $768M | $922M |
| Margins | ||||||||||
| Gross margin | 73.7% | 63.5% | 51.9% | 63.3% | 64.9% | 56.9% | 46.8% | 33.9% | 61.3% | 62.7% |
| Operating margin | β8.9% | β100.9% | β51.0% | β17.6% | β24.5% | β17.3% | β19.5% | β25.0% | 7.6% | 13.7% |
| EBITDA margin | 6.4% | β77.6% | β22.7% | 2.9% | β2.2% | 14.1% | 17.9% | 13.8% | 16.4% | 21.2% |
| Net margin | β6.5% | β99.5% | β49.6% | β16.3% | β24.1% | 0.0% | β22.6% | β25.7% | 3.4% | 20.3% |
| FCF margin | 13.2% | β7.0% | β27.4% | 13.1% | β11.9% | 23.2% | 28.0% | 30.3% | 30.3% | 23.2% |
| Net interest share of revenue | 0.2% | 0.6% | 0.8% | 0.5% | 0.0% | β4.2% | β5.1% | β5.2% | β | β |
| Returns | ||||||||||
| Return on capital | β | β | β | β | β16.2% | β4.5% | β7.3% | β13.4% | 5.2% | 8.6% |
| Return on capital employed | β8.3% | β94.3% | β53.4% | β21.6% | β13.0% | β4.8% | β7.1% | β12.0% | 3.8% | 7.4% |
| Return on equity | β6.0% | β66.7% | β43.7% | β22.2% | β21.7% | 0.0% | β15.6% | β21.3% | 3.1% | 17.1% |
| Return on assets | β3.5% | β34.3% | β16.6% | β6.7% | β8.0% | 0.0% | β4.8% | β5.9% | 0.8% | 4.8% |
| Return on tangible equity | β8.0% | β102.3% | β57.3% | β27.3% | β40.0% | β | β | β | β | β |
| Growth | ||||||||||
| Revenue growth | β | β44.1% | β19.8% | 25.4% | 41.7% | 111.4% | 23.2% | 7.4% | 7.8% | 6.9% |
| Net income growth | β | β | β | β | β | β | β200,596.9% | β | β | 534.7% |
| EPS growth | β | β | β | β | β | β | β | β | β | 493.8% |
| FCF growth | β | β129.8% | β | β | β228.2% | β | 48.5% | 16.0% | 7.9% | β18.2% |
| Share count change | β | 4.7% | 2.8% | 4.7% | 83.8% | 40.9% | β2.5% | 2.8% | 7.5% | 4.7% |
| Financial health | ||||||||||
| Net debt / EBITDA | β | β | β | β | β | 8.1x | 4.2x | 2.5x | 0.7x | 1.4x |
| Debt / equity | β | β | β | β | 0.0x | 0.9x | 1.0x | 0.8x | 0.7x | 0.8x |
| Interest coverage | β | β | β | β | β | β | β3.9x | β4.8x | 1.9x | 5.2x |
| Current ratio | 1.8x | 1.4x | 1.2x | 1.2x | 1.2x | 1.1x | 1.2x | 1.1x | 1.1x | 1.0x |
| Quick ratio | 1.8x | 1.4x | 1.2x | 1.2x | 1.2x | 1.1x | 1.2x | 1.1x | 1.1x | 1.0x |
| Capital allocation | ||||||||||
| Capex / revenue | 8.4% | 20.9% | 9.2% | 7.3% | 6.4% | 3.8% | 5.3% | 4.3% | 4.9% | 9.9% |
| Stock comp / revenue | 10.3% | 13.2% | 13.1% | 12.0% | 12.9% | 8.7% | 11.1% | 11.7% | 11.5% | 10.7% |
| Payouts / FCF | β | β | β | 0.0% | β | 5.5% | 9.7% | 0.0% | 7.2% | 27.9% |
| Quality scores | ||||||||||
| Piotroski F-score | β | 2.0 | 2.0 | 5.0 | 3.0 | 4.0 | 6.0 | 4.0 | 8.0 | 5.0 |
| Altman Z'' | 2.7 | β2.6 | β2.4 | β2.1 | β0.4 | 0.2 | 0.0 | β0.6 | 0.2 | 0.2 |
| Accruals ratio | β15.0% | β39.0% | β10.5% | β15.2% | β6.2% | β6.9% | β11.9% | β13.8% | β7.7% | β3.0% |
Source: SEC EDGAR XBRL filings (CIK 0001595974). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
