Tearsheet

Magnite (MGNI)

Market Price (9/17/2025): $23.13 | Market Cap: $3.3 Bil
Sector: Communication Services | Industry: Advertising

Magnite (MGNI)

Market Price (9/17/2025): $23.13
Market Cap: $3.3 Bil
Sector: Communication Services
Industry: Advertising

Investment Highlights

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 33%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 25%	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 10%	Expensive valuation multiples P/EBITPrice/EBIT or Price/(Operating Income) ratio is 42x, P/EPrice/Earnings or Price/(Net Income) is 76x
1	Attractive yield FCF Yield is 5.2%		Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.2%

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 33%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 25%
1	Attractive yield FCF Yield is 5.2%
2	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 10%
3	Expensive valuation multiples P/EBITPrice/EBIT or Price/(Operating Income) ratio is 42x, P/EPrice/Earnings or Price/(Net Income) is 76x
4	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.2%

Market Valuation

	9/17/25	2024	2023	2022	2021
Share Price CYE	$23.13	$15.92	$9.34	$10.59	$17.50
Market Cap CYE ($ Bil)	3.3	2.2	1.3	1.4	2.3
Total Debt ($ Bil)	0.6	0.6	0.6	0.8	0.8
Total Cash ($ Bil)	0.4	0.5	0.3	0.3	0.2
Enterprise Value ($ Bil)	3.5	2.8	1.9	2.2	3.1
Valuation Ratios
P/S TTM	4.8	3.4	2.1	2.4	4.7
P/EBIT TTM	41.7	41.8	-10.2	-13.2	-29.4
P/E TTM	76.0	98.2	-8.0	-10.8	34002.2
Sector Ratios
P/S TTM (Sector)	1.1	1.0	1.1	1.2	2.0
P/EBIT TTM (Sector)	1.1	0.8	-0.1	1.1	3.2
P/E TTM (Sector)	-0.7	-0.6	-0.6	-0.3	1.7

	9/17/25	2024	2023
Share Price CYE	$23.13	$15.92	$9.34
Market Cap CYE ($ Bil)	3.3	2.2	1.3
Total Debt ($ Bil)	0.6	0.6	0.6
Total Cash ($ Bil)	0.4	0.5	0.3
Enterprise Value ($ Bil)	3.5	2.8	1.9
Valuation Ratios
P/S TTM	4.8	3.4	2.1
P/EBIT TTM	41.7	41.8	-10.2
P/E TTM	76.0	98.2	-8.0
Sector Ratios
P/S TTM (Sector)	1.1	1.0	1.1
P/EBIT TTM (Sector)	1.1	0.8	-0.1
P/E TTM (Sector)	-0.7	-0.6	-0.6

Stock Price
Market Cap

Stock Price Chart

Return (1Y):

Market Cap Chart

Business Description

Magnite, 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. Show more

Price Returns Compared

Expand for Detailed View

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
MGNI Return	276%	-43%	-39%	-12%	70%	45%	193%
Peers Return	39%	22%	-28%	73%	152%	7%	472%
S&P 500 Return	16%	27%	-19%	24%	23%	12%	104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: MMS, APP, TTD, OMC, IPG.
[3] 2025 data is for the year up to 9/16/2025 (YTD)

Better Bets than Magnite (MGNI)

	MGNI	Better Performance than MGNI
Metric	Value	Industry (Advertising)
Rev Chg LTM	5.5%	APP (48.2%), TTD (23.2%), DV (16.5%), ZD (5.9%), IAS (14.4%)
Rev Chg 3Y Avg	7.7%	APP (23.7%), TTD (24.5%), DV (21.9%), IAS (15.4%), EEX (14.9%)
Op Mgn LTM	11.1%	APP (55.6%), TTD (17.7%), OMC (13.9%), IPG (14.0%), DV (11.9%)
CFO/Rev LTM	33.2%	APP (53.7%), TTD (34.7%), NEXN (41.3%), WIMI (48.5%)
FCF/Rev LTM	24.7%	APP (53.7%), TTD (27.8%), NEXN (34.8%), WIMI (48.4%)
Total Yield	1.3%	TTD (1.9%), OMC (12.9%), IPG (9.6%), DV (2.5%), ZD (4.1%)

	MGNI	Better Performance than MGNI
Metric	Value	Sector (Communication Services)
Rev Chg LTM	5.5%	GOOGL (13.1%), META (19.4%), NFLX (14.8%), TMUS (6.3%), APP (48.2%)
Rev Chg 3Y Avg	7.7%	GOOGL (10.2%), META (13.0%), NFLX (10.5%), APP (23.7%), SPOT (15.7%)
Op Mgn LTM	11.1%	GOOGL (32.7%), META (42.9%), NFLX (29.5%), TMUS (23.1%), T (19.9%)
CFO/Rev LTM	33.2%	GOOGL (36.0%), META (56.4%), APP (53.7%), TTD (34.7%), LUMN (34.2%)
FCF/Rev LTM	24.7%	META (30.7%), APP (53.7%), PINS (26.8%), TTD (27.8%), MTCH (26.3%)
Total Yield	1.3%	GOOGL (4.1%), META (3.6%), NFLX (2.0%), TMUS (5.9%), T (7.0%)

	MGNI	Better Performance than MGNI
Metric	Value	All Other Sectors
Rev Chg LTM	5.5%	NVDA (71.6%), MSFT (14.9%), AAPL (6.0%), AMZN (10.9%), AVGO (28.0%)
Rev Chg 3Y Avg	7.7%	NVDA (92.0%), MSFT (12.5%), AMZN (11.3%), AVGO (24.0%), TSLA (12.9%)
Op Mgn LTM	11.1%	NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), AMZN (11.4%), AVGO (39.0%)
CFO/Rev LTM	33.2%	NVDA (46.6%), MSFT (48.3%), AVGO (42.4%), ORCL (36.3%), V (60.4%)
FCF/Rev LTM	24.7%	NVDA (43.6%), MSFT (25.4%), AVGO (41.6%), V (56.8%), MA (49.2%)
Total Yield	1.3%	NVDA (2.1%), MSFT (3.3%), AAPL (3.2%), AMZN (2.8%), BRK-B (5.9%)

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Magnite Earnings Notes
2	How Does MGNI Stack Up Against Its Peers?	Peer Comparison
3	Better Bet Than MGNI Stock: Pay Less Than Magnite To Get More From RTX, MU
4	Why Magnite Stock Moved: MGNI Stock Has Gained 147% Since 2023 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)
5	MGNI Dip Buy Analysis
6	Magnite (MGNI) Valuation Ratios Comparison	Financials
7	Day 9 of Gains Streak for Magnite Stock with 39% Return (vs. 4.2% YTD) [5/14/2025]	Notification
8	Magnite Total Shareholder Return (TSR): 70.4% in 2024 and -3.1% 3-yr compounded annual returns (below peer average)
9	Now Is Not The Time To Buy Magnite Stock	Buy or Fear
10	Magnite (MGNI) Revenue Comparison	Financials

	Title
0	ARTICLES
1	Magnite Earnings Notes
2	How Does MGNI Stack Up Against Its Peers?
3	Better Bet Than MGNI Stock: Pay Less Than Magnite To Get More From RTX, MU
4	Why Magnite Stock Moved: MGNI Stock Has Gained 147% Since 2023 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)
5	MGNI Dip Buy Analysis
6	Magnite (MGNI) Valuation Ratios Comparison
7	Day 9 of Gains Streak for Magnite Stock with 39% Return (vs. 4.2% YTD) [5/14/2025]
8	Magnite Total Shareholder Return (TSR): 70.4% in 2024 and -3.1% 3-yr compounded annual returns (below peer average)
9	Now Is Not The Time To Buy Magnite Stock
10	Magnite (MGNI) Revenue Comparison

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	FGI	FGI Industries	139.3%	145.2%
2	CODX	Co-Diagnostics	80.8%	-14.8%
3	CNFR	Conifer	55.5%	50.4%
4	BGI	Birks	55.4%	-18.1%
5	FLUX	Flux Power	52.2%	99.4%
6	BOXL	Boxlight	45.7%	32.1%
7	LVRO	Lavoro	45.5%	-57.4%
8	NFE	New Fortress Energy	44.9%	-86.8%
9	WBTN	Webtoon Entertainment	39.0%	53.2%
10	HCWC	Healthy Choice Wellness	37.5%	-34.7%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	REX	REX American Resources	-50.1%	46.1%
2	XAGE	Longevity Health	-39.3%	-86.1%
3	BNGO	Bionano Genomics	-35.7%	-89.7%
4	IHT	InnSuites Hospitality Trust	-30.7%	7.3%
5	LUD	Luda Technology	-28.6%
6	NAOV	NanoVibronix	-28.5%	-88.2%
7	GDC	GD Culture	-28.2%	269.8%
8	ASST	Strive	-28.0%	813.4%
9	BIAF	bioAffinity Technologies	-25.5%	-71.3%
10	FAAS	DigiAsia	-23.9%	-87.2%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	BDSX	Biodesix	1313.2%	-78.6%
2	CLSD	Clearside Biomedical	954.0%	-74.9%
3	SDOT	Sadot	624.1%	-79.4%
4	WLDS	Wearable Devices	498.0%	-30.0%
5	CHEK	Check-Cap	285.6%	154.6%
6	ATCH	AtlasClear	275.9%	-91.0%
7	HSDT	Helius Medical Technologies	262.5%	-95.6%
8	OPI	Office Properties Income Trust	261.7%	-13.4%
9	FGI	FGI Industries	156.8%	145.2%
10	AIRE	ReAlpha Tech	154.0%	-56.1%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	NAKA	Kindly MD	-81.4%
2	ATYR	aTyr Pharma	-79.7%	-70.2%
3	LGCL	Lucas GC	-73.6%	-77.1%
4	EPSM	Epsium Enterprise	-70.1%
5	BNGO	Bionano Genomics	-59.4%	-89.7%
6	FAAS	DigiAsia	-58.5%	-87.2%
7	QMMM	QMMM	-57.5%	6775.0%
8	VCIG	VCI Global	-56.9%	-99.1%
9	YYGH	YY	-56.6%	-78.5%
10	XAGE	Longevity Health	-55.5%	-86.1%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	11963.5%	11963.5%
2	GIBO	GIBO	9734.4%
3	CHSN	Chanson International	7565.0%	-99.3%
4	LNZA	LanzaTech Global	7287.5%	-86.0%
5	QMMM	QMMM	3031.7%	6775.0%
6	OESX	Orion Energy Systems	1497.9%	22.9%
7	CURX	Curanex Pharmaceuticals	1401.6%	1401.6%
8	ENTO	Entero Therapeutics	565.6%	117.6%
9	PTNM	Pitanium	553.2%
10	WLDS	Wearable Devices	449.5%	-30.0%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	CJET	Chijet Motor	-92.2%	-95.0%
2	STFS	Star Fashion Culture	-92.2%	-97.8%
3	ELPW	Elong Power	-91.6%	-76.7%
4	NXTT	Next Technology	-89.6%	-95.1%
5	NAKA	Kindly MD	-89.0%
6	BINI	Bollinger Innovations	-88.9%	-100.0%
7	JEM	707 Cayman	-88.4%	-98.2%
8	YAAS	Youxin Technology	-82.5%	-98.3%
9	NEON	Neonode	-82.0%	-50.2%
10	NVNO	enVVeno Medical	-81.5%	-69.8%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	FGI	FGI Industries	139.3%	145.2%
2	CODX	Co-Diagnostics	80.8%	-14.8%
3	CNFR	Conifer	55.5%	50.4%
4	BGI	Birks	55.4%	-18.1%
5	FLUX	Flux Power	52.2%	99.4%
6	BOXL	Boxlight	45.7%	32.1%
7	LVRO	Lavoro	45.5%	-57.4%
8	NFE	New Fortress Energy	44.9%	-86.8%
9	WBTN	Webtoon Entertainment	39.0%	53.2%
10	HCWC	Healthy Choice Wellness	37.5%	-34.7%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	REX	REX American Resources	-50.1%	46.1%
2	XAGE	Longevity Health	-39.3%	-86.1%
3	BNGO	Bionano Genomics	-35.7%	-89.7%
4	IHT	InnSuites Hospitality Trust	-30.7%	7.3%
5	LUD	Luda Technology	-28.6%
6	NAOV	NanoVibronix	-28.5%	-88.2%
7	GDC	GD Culture	-28.2%	269.8%
8	ASST	Strive	-28.0%	813.4%
9	BIAF	bioAffinity Technologies	-25.5%	-71.3%
10	FAAS	DigiAsia	-23.9%	-87.2%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	BDSX	Biodesix	1313.2%	-78.6%
2	CLSD	Clearside Biomedical	954.0%	-74.9%
3	SDOT	Sadot	624.1%	-79.4%
4	WLDS	Wearable Devices	498.0%	-30.0%
5	CHEK	Check-Cap	285.6%	154.6%
6	ATCH	AtlasClear	275.9%	-91.0%
7	HSDT	Helius Medical Technologies	262.5%	-95.6%
8	OPI	Office Properties Income Trust	261.7%	-13.4%
9	FGI	FGI Industries	156.8%	145.2%
10	AIRE	ReAlpha Tech	154.0%	-56.1%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	NAKA	Kindly MD	-81.4%
2	ATYR	aTyr Pharma	-79.7%	-70.2%
3	LGCL	Lucas GC	-73.6%	-77.1%
4	EPSM	Epsium Enterprise	-70.1%
5	BNGO	Bionano Genomics	-59.4%	-89.7%
6	FAAS	DigiAsia	-58.5%	-87.2%
7	QMMM	QMMM	-57.5%	6775.0%
8	VCIG	VCI Global	-56.9%	-99.1%
9	YYGH	YY	-56.6%	-78.5%
10	XAGE	Longevity Health	-55.5%	-86.1%

Peer Comparisons for Magnite

Financials

	MGNI	MMS	APP	TTD	OMC	IPG	Median
Name	Magnite	Maximus	AppLovin	Trade De.	Omnicom	Interpub.
Mkt Price	23.07	87.76	603.80	44.90	76.90	26.36	60.90
Mkt Cap	3.3	5.0	204.5	22.0	15.0	9.7	12.3
Rev LTM	685	5,429	5,314	2,679	15,911	10,345	5,371
Op Inc LTM	76	517	2,953	475	2,211	1,450	984
FCF LTM	169	-144	2,852	746	1,767	840	793
FCF 3Y Avg	151	150	1,691	586	1,306	790	688
CFO LTM	227	-56	2,856	929	1,917	959	944
CFO 3Y Avg	200	243	1,701	702	1,415	948	825

Growth & Margins

	MGNI	MMS	APP	TTD	OMC	IPG	Median
Name	Magnite	Maximus	AppLovin	Trade De.	Omnicom	Interpub.
Rev Chg LTM	5.5%	3.4%	48.2%	23.2%	5.2%	-5.2%	5.4%
Rev Chg 3Y Avg	7.7%	6.0%	23.7%	24.5%	3.7%	-1.3%	6.8%
Rev Chg Q	6.4%	2.5%	77.0%	18.7%	4.2%	-6.4%	5.3%
QoQ Delta Rev Chg LTM	1.5%	0.6%	11.5%	4.3%	1.0%	-1.6%	1.3%
Op Mgn LTM	11.1%	9.5%	55.6%	17.7%	13.9%	14.0%	14.0%
Op Mgn 3Y Avg	-7.5%	8.3%	32.0%	13.4%	14.3%	13.5%	13.5%
QoQ Delta Op Mgn LTM	1.7%	0.4%	5.6%	0.1%	-0.6%	0.6%	0.5%
CFO/Rev LTM	33.2%	-1.0%	53.7%	34.7%	12.0%	9.3%	22.6%
CFO/Rev 3Y Avg	30.8%	4.8%	40.7%	32.0%	9.3%	8.9%	20.0%
FCF/Rev LTM	24.7%	-2.6%	53.7%	27.8%	11.1%	8.1%	17.9%
FCF/Rev 3Y Avg	23.3%	3.0%	40.5%	26.8%	8.5%	7.4%	15.9%

Valuation

	MGNI	MMS	APP	TTD	OMC	IPG	Median
Name	Magnite	Maximus	AppLovin	Trade De.	Omnicom	Interpub.
Mkt Cap	3.3	5.0	204.5	22.0	15.0	9.7	12.3
P/S	4.8	0.9	38.5	8.2	0.9	0.9	2.9
P/EBIT	41.6	9.6	74.1	46.4	6.6	10.5	26.0
P/E	75.8	15.7	84.2	52.8	10.9	22.0	37.4
P/CFO	14.4	-88.6	71.6	23.7	7.8	10.1	12.3
Total Yield	1.3%	7.8%	1.2%	1.9%	12.9%	9.6%	4.8%
Dividend Yield	0.0%	1.4%	0.0%	0.0%	3.7%	5.1%	0.7%
FCF Yield 3Y Avg	6.7%	2.6%	5.5%	1.5%	8.2%	7.3%	6.1%
D/E	0.2	0.4	0.0	0.0	0.5	0.4	0.3
Net D/E	0.1	0.3	0.0	-0.1	0.3	0.3	0.2

Returns

	MGNI	MMS	APP	TTD	OMC	IPG	Median
Name	Magnite	Maximus	AppLovin	Trade De.	Omnicom	Interpub.
1M Rtn	-2.7%	4.0%	37.6%	-13.9%	1.7%	2.3%	2.0%
3M Rtn	26.5%	27.2%	67.5%	-33.6%	12.1%	16.0%	21.3%
6M Rtn	81.7%	29.0%	116.5%	-16.2%	-3.8%	1.9%	15.4%
12M Rtn	64.4%	1.1%	419.4%	-57.4%	-20.7%	-11.2%	-5.0%
3Y Rtn	222.7%	53.6%	2,508.2%	-27.5%	28.0%	9.4%	40.8%
1M Excs Rtn	-5.1%	1.5%	35.2%	-16.3%	-0.8%	-0.1%	-0.4%
3M Excs Rtn	14.7%	17.3%	53.4%	-45.6%	0.3%	4.2%	9.4%
6M Excs Rtn	58.8%	13.6%	80.4%	-37.0%	-18.8%	-13.2%	0.2%
12M Excs Rtn	52.4%	-15.2%	453.7%	-75.1%	-36.7%	-27.4%	-21.3%
3Y Excs Rtn	137.2%	-12.0%	2,015.0%	-95.3%	-40.6%	-57.8%	-26.3%

Comparison Analyses

	Title
0	How Does MGNI Stack Up Against Its Peers?

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	6/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	8/6/2025	2/26/2025	2/28/2024	2/22/2023	2/23/2022	2/25/2021	2/27/2020
Key Financials
Total Revenue	685	668	620	577	468	222	156
EBITDA	137	112	116	110	72	13	7
Operating Income	76	51	-148	-105	-43	-37	-26
Net Income	43	23	-159	-130	0	-53	-25
EPS	0.31	0.16	-1.17	-0.98	0.00	-0.55	-0.48
Growth Rates
Total Revenue Growth	5.5%	7.8%	7.4%	23.2%	111.4%	41.7%	25.4%
EBITDA Growth	21.5%	-3.1%	5.4%	52.9%	471.0%	90.9%	126.5%
Operating Income Growth	482.9%	134.6%	-40.1%	-145.5%	-16.9%	-43.6%	57.5%
Net Income Growth	898.9%	114.3%	-22.1%	-200596.9%	100.1%	-109.7%	58.8%
Margins
EBITDA Margin	20.0%	16.8%	18.7%	19.0%	15.3%	5.7%	4.2%
Operating Income Margin	11.1%	7.6%	-23.8%	-18.3%	-9.2%	-16.6%	-16.3%
Net Income Margin	6.3%	3.4%	-25.7%	-22.6%	0.0%	-24.1%	-16.3%
Cash & Debt
Total Cash	426	483	326	326	230	118	89
Total Debt	619	609	607	814	809	42	23
Net Debt / (Cash)	193	126	280	488	579	-76	-66
Cash Flows
Net Cash from Operations	227	235	214	193	127	-12	32
Free Cash from Operations	169	188	177	148	97	-34	12
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	37	15	-0	16	6	-0	-0

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	8/6/2025	5/7/2025	2/26/2025	11/7/2024	8/7/2024	5/8/2024	2/28/2024	11/8/2023	8/9/2023	5/10/2023	2/22/2023	11/9/2022
Key Financials Quarterly
Total Revenue	173	156	194	162	163	149	187	150	153	130	175	146
Ebitda	32	14	64	28	28	-2	58	28	24	5	46	29
Operating Income	22	-1	40	15	10	-14	35	-18	-72	-93	-29	-21
Net Income	11	-10	36	5	-1	-18	31	-17	-74	-99	-36	-24
EPS	0.08	-0.07	0.26	0.04	-0.01	-0.13	0.22	-0.13	-0.54	-0.73	-0.27	-0.18
Key Financials TTM
Total Revenue TTM	685	675	668	661	649	639	620	608	604	589	577	563
Ebitda TTM	137	133	118	112	113	109	116	104	104	108	110	85
Operating Income TTM	76	64	51	46	13	-68	-148	-211	-215	-165	-105	-73
Net Income TTM	43	31	23	17	-5	-78	-159	-226	-233	-184	-130	-93
Growth Rates Quarterly
Total Revenue Growth	6.4%	4.3%	3.8%	7.9%	6.8%	14.7%	6.6%	2.9%	10.7%	10.2%	8.8%	10.6%
EBITDA Growth	14.9%	976.0%	9.9%	-2.7%	15.3%	-131.3%	25.5%	-1.4%	-14.2%	-22.7%	114.4%	6.0%
Operating Income Growth	129.4%	90.1%	14.5%	184.8%	113.3%	85.1%	223.1%	15.7%	-218.4%	-181.3%	-807.5%	1.7%
Net Income Growth	1133.3%	45.7%	17.8%	129.8%	98.5%	82.0%	185.0%	28.3%	-196.1%	-121.4%	-8132.0%	-0.3%
Margins Quarterly
EBITDA Margin	18.5%	8.7%	32.9%	17.1%	17.2%	-1.0%	31.1%	18.9%	15.9%	3.8%	26.4%	19.8%
Operating Income Margin	12.7%	-0.9%	20.7%	9.3%	5.9%	-9.3%	18.8%	-11.9%	-47.1%	-71.5%	-16.3%	-14.5%
Net Income Margin	6.4%	-6.2%	18.8%	3.2%	-0.7%	-11.9%	16.5%	-11.6%	-48.4%	-75.9%	-20.7%	-16.7%
Cash & Debt
Total Cash	426	430	483	387	326	253	326	311	266	237	326	254
Total Debt	619	617	609	619	623	626	607	680	719	760	814	809
Net Debt / (Cash)	193	187	126	231	297	373	280	370	453	524	488	556
Cash Flows Quarterly
FCF from Operations	19	3	115	91	90	-60	89	82	74	-31	89	40
Cash Flows TTM
FCF from Operations TTM	227	298	235	210	200	185	214	214	172	140	193	172
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	4	19	6	9	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	5.0%	-0.3%	8.9%	3.1%	2.2%	-2.2%	7.9%	-3.9%	-15.9%	-20.0%	-5.9%	-4.5%
Return on Invested Capital (ROIC) TTM
ROIC TTM	4.0%	3.0%	2.8%	2.8%	0.6%	-3.6%	-8.9%	-12.0%	-11.8%	-8.8%	-5.6%	-3.7%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Provides a platform to all of its customers, buyers and sellers, that automates the purchase and	620	577	468	222	156
Total	620	577	468	222	156

Price Behavior

Behavior Stats
Betas Matrix

Price Behavior

Market Price	$23.07
Market Cap ($ Bil)	3.3
First Trading Date	04/02/2014
Distance from 52W High	-13.0%
	50 Days	200 Days
DMA Price	$23.62	$17.70
DMA Trend	up	up
Distance from DMA	-2.3%	30.3%
	3M	1YR
Volatility	54.6%	64.7%
Downside Capture	252.11	165.62
Upside Capture	245.04	188.40
Correlation (SPY)	40.6%	56.6%

MGNI Betas & Captures as of 8/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	2.61	2.41	2.50	1.98	1.88	2.32
Up Beta	1.32	2.24	2.44	1.80	1.76	2.86
Down Beta	2.83	2.43	2.65	2.26	2.16	2.11
Up Capture	377%	254%	396%	357%	372%	2591%
Bmk +ve Days	10	22	35	71	142	415
Stock +ve Days	13	25	38	69	132	369
Down Capture	236%	263%	140%	145%	129%	108%
Bmk -ve Days	11	19	27	54	106	334
Stock -ve Days	7	15	22	53	113	367

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date	8292025
Short Interest: Shares Quantity	14,531,502
Short Interest: % Change Since 8152025	-2.9%
Average Daily Volume	3,155,065
Days-to-Cover Short Interest	4.61
Basic Shares Quantity	141,654,000
Short % of Basic Shares	10.3%

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
8/6/2025	-3.2%	1.6%	10.5%
5/7/2025	19.8%	33.5%	41.6%
2/26/2025	-1.8%	-14.1%	-27.0%
11/7/2024	0.9%	23.5%	24.3%
8/7/2024	-1.2%	-2.9%	1.7%
5/8/2024	3.7%	10.1%	45.3%
2/28/2024	14.8%	11.0%	2.7%
11/8/2023	-0.3%	7.3%	15.1%
...
SUMMARY STATS
# Positive	11	14	15
# Negative	13	10	9
Median Positive	14.8%	10.5%	19.7%
Median Negative	-3.4%	-14.8%	-27.0%
Max Positive	65.6%	94.1%	92.0%
Max Negative	-35.1%	-32.4%	-45.1%

	Forward Returns
8/6/2025	-3.2%	1.6%	10.5%
5/7/2025	19.8%	33.5%	41.6%
2/26/2025	-1.8%	-14.1%	-27.0%
11/7/2024	0.9%	23.5%	24.3%
8/7/2024	-1.2%	-2.9%	1.7%
5/8/2024	3.7%	10.1%	45.3%
2/28/2024	14.8%	11.0%	2.7%
11/8/2023	-0.3%	7.3%	15.1%
8/9/2023	-35.1%	-32.4%	-34.8%
5/10/2023	26.1%	15.6%	42.6%
2/22/2023	-16.2%	-20.0%	-32.0%
11/9/2022	65.6%	94.1%	92.0%
8/9/2022	-1.4%	5.6%	-19.6%
5/4/2022	3.0%	-15.6%	2.2%
2/23/2022	18.4%	20.9%	19.7%
11/3/2021	-16.1%	-17.7%	-38.2%
8/5/2021	10.3%	2.2%	2.7%
5/10/2021	-3.4%	-10.5%	18.6%
2/5/2021	26.4%	42.1%	-14.6%
11/9/2020	-7.7%	1.6%	68.3%
8/10/2020	8.9%	5.9%	-10.1%
5/6/2020	-10.6%	-23.7%	25.1%
2/26/2020	-3.4%	-2.6%	-45.1%
11/6/2019	-6.1%	-5.4%	-7.4%
SUMMARY STATS
# Positive	11	14	15
# Negative	13	10	9
Median Positive	14.8%	10.5%	19.7%
Median Negative	-3.4%	-14.8%	-27.0%
Max Positive	65.6%	94.1%	92.0%
Max Negative	-35.1%	-32.4%	-45.1%

SEC Filings

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Report Date	Filing Date	Filing
6302025	8062025	10-Q 6/30/2025
3312025	5072025	10-Q 3/31/2025
12312024	2262025	10-K 12/31/2024
9302024	11072024	10-Q 9/30/2024
6302024	8072024	10-Q 6/30/2024
3312024	5082024	10-Q 3/31/2024
12312023	2282024	10-K 12/31/2023
9302023	11082023	10-Q 9/30/2023
6302023	8092023	10-Q 6/30/2023
3312023	5102023	10-Q 3/31/2023
12312022	2222023	10-K 12/31/2022
9302022	11092022	10-Q 9/30/2022
6302022	8092022	10-Q 6/30/2022
3312022	5042022	10-Q 3/31/2022
12312021	2232022	10-K 12/31/2021
9302021	11032021	10-Q 9/30/2021

Insider Activity

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	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Saltz Aaron	CHIEF LEGAL OFFICER	8292025	Sell	26.07	12,403	323,346	5,990,391	Form
1	Evans Katie Seitz	President, Operations	8292025	Sell	25.52	21,509	548,910	10,057,151	Form
2	Yu Diane		8272025	Sell	25.23	20,000	504,600	1,702,546	Form
3	Caine Paul		8262025	Sell	25.00	7,500	187,500	4,277,575	Form
4	Evans Katie Seitz	President, Operations	8262025	Sell	26.00	8,345	216,970	10,805,548	Form

Collapse to Preview

	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Saltz Aaron	CHIEF LEGAL OFFICER	8292025	Sell	26.07	12,403	323,346	5,990,391	Form
1	Evans Katie Seitz	President, Operations	8292025	Sell	25.52	21,509	548,910	10,057,151	Form
2	Yu Diane		8272025	Sell	25.23	20,000	504,600	1,702,546	Form
3	Caine Paul		8262025	Sell	25.00	7,500	187,500	4,277,575	Form
4	Evans Katie Seitz	President, Operations	8262025	Sell	26.00	8,345	216,970	10,805,548	Form
5	Gephart Brian	CHIEF ACCOUNTING OFFICER	8202025	Sell	23.85	2,961	70,620	2,875,571	Form
6	Day David	CHIEF FINANCIAL OFFICER	8202025	Sell	23.85	13,366	318,779	9,113,228	Form
7	Soroca Adam Lee	CHIEF PRODUCT OFFICER	8202025	Sell	23.85	9,700	231,345	8,513,782	Form
8	Evans Katie Seitz	President, Operations	8202025	Sell	23.85	10,487	250,115	10,111,041	Form
9	Saltz Aaron	CHIEF LEGAL OFFICER	8202025	Sell	23.85	5,770	137,614	5,776,088	Form
10	BARRETT MICHAEL G.	CEO	8202025	Sell	23.85	35,951	857,431	5,959,089	Form
11	Buckley Sean Patrick	President, Revenue	8202025	Sell	23.85	10,886	259,631	8,025,716	Form
12	Buonasera David	CHIEF TECHNOLOGY OFFICER	8202025	Sell	23.85	7,834	186,841	5,761,659	Form
13	Saltz Aaron	CHIEF LEGAL OFFICER	8152025	Sell	23.34	13,860	323,492	5,787,246	Form
14	Lam Rachel		8142025	Sell	22.25	15,000	333,750	5,046,790	Form
15	Caine Paul		8132025	Sell	22.29	5,000	111,450	3,981,061	Form
16	BARRETT MICHAEL G.	CEO	7172025	Sell	23.27	70,900	1,649,843	6,650,752	Form
17	Caine Paul		7112025	Sell	23.53	5,000	117,650	4,320,179	Form
18	Saltz Aaron	CHIEF LEGAL OFFICER	7022025	Sell	22.00	17,574	386,628	5,759,908	Form
19	Day David	CHIEF FINANCIAL OFFICER	7022025	Sell	22.00	21,682	477,004	9,280,612	Form
20	Buonasera David	CHIEF TECHNOLOGY OFFICER	7022025	Sell	22.00	9,289	204,358	5,487,086	Form
21	Caine Paul		6262025	Sell	20.00	5,000	100,000	3,772,060	Form
22	BARRETT MICHAEL G.	CEO	6262025	Sell	20.01	300,000	6,003,000	7,137,727	Form
23	Rossman James		6202025	Sell	18.78	137,007	2,572,991	1,759,292	Form
24	Saltz Aaron	CHIEF LEGAL OFFICER	6182025	Sell	17.50	16,788	293,790	4,889,290	Form
25	BARRETT MICHAEL G.	CEO	6182025	Sell	17.76	45,000	799,200	12,195,934	Form
26	Spillane Robert F		6122025	Sell	17.57	15,000	263,550	1,166,947	Form
27	Saltz Aaron	CHIEF LEGAL OFFICER	6062025	Sell	16.71	15,328	256,131	4,949,101	Form
28	Buonasera David	CHIEF TECHNOLOGY OFFICER	5282025	Sell	15.03	3,653	54,905	4,019,683	Form
29	Gephart Brian	CHIEF ACCOUNTING OFFICER	5142025	Sell	16.16	6,334	102,357	2,045,452	Form
30	Gephart Brian	CHIEF ACCOUNTING OFFICER	3052025	Sell	16.00	6,250	100,000	2,126,544	Form
31	Soroca Adam Lee	CHIEF PRODUCT OFFICER	3052025	Sell	15.75	15,499	244,109	7,219,580	Form
32	Buckley Sean Patrick	President, Revenue	2212025	Sell	19.13	10,527	201,382	7,088,775	Form
33	Caine Paul		2122025	Sell	20.35	5,000	101,750	3,720,733	Form
34	Rossman James		2072025	Sell	19.46	149,936	2,917,755	4,279,643	Form
35	Buckley Sean Patrick	President, Revenue	2072025	Sell	20.00	18,693	373,860	8,170,580	Form
36	Evans Katie Seitz	President, Operations	2072025	Sell	20.00	12,520	250,400	9,842,580	Form
37	Saltz Aaron	CHIEF LEGAL OFFICER	2072025	Sell	19.75	17,947	354,453	6,529,942	Form
38	Day David	CHIEF FINANCIAL OFFICER	2072025	Sell	18.35	13,245	243,046	8,964,085	Form
39	Day David	CHIEF FINANCIAL OFFICER	1072025	Sell	17.00	13,345	226,865	6,358,238	Form
40	Day David	CHIEF FINANCIAL OFFICER	12182024	Sell	16.44	11,644	191,427	6,590,122	Form
41	Buonasera David	CHIEF TECHNOLOGY OFFICER	12132024	Sell	16.31	1,969	32,114	3,650,096	Form
42	BARRETT MICHAEL G.	CEO	12062024	Sell	17.52	147,996	2,592,890	11,123,693	Form
43	Buonasera David	CHIEF TECHNOLOGY OFFICER	11272024	Sell	16.78	431	7,232	3,788,320	Form
44	BARRETT MICHAEL G.	CEO	11272024	Sell	17.63	27,004	476,081	13,802,703	Form
45	Saltz Aaron	CHIEF LEGAL OFFICER	11272024	Sell	17.50	6,110	106,925	5,205,935	Form
46	Buonasera David	CHIEF TECHNOLOGY OFFICER	11262024	Sell	17.00	9,219	156,723	3,845,315	Form
47	Spillane Robert F		11222024	Sell	16.12	12,500	201,500	1,138,894	Form
48	Buonasera David	CHIEF TECHNOLOGY OFFICER	11152024	Sell	16.41	12,412	203,681	3,945,013	Form
49	Gephart Brian	CHIEF ACCOUNTING OFFICER	11132024	Sell	15.00	2,156	32,340	1,754,730	Form
50	BARRETT MICHAEL G.	CEO	11132024	Sell	15.00	25,000	375,000	13,793,280	Form
51	Buckley Sean Patrick	CHIEF REVENUE OFFICER	11132024	Sell	14.50	2,623	38,034	4,734,192	Form
52	Evans Katie Seitz	CHIEF OPERATING OFFICER	11132024	Sell	16.00	12,824	205,184	6,218,448	Form
53	Saltz Aaron	CHIEF LEGAL OFFICER	11082024	Sell	13.50	5,112	69,012	4,154,558	Form

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5	MarketWatch	Unusual Whales
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7	FinViz

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Magnite (MGNI)

Market Price (9/17/2025): $23.13 | Market Cap: $3.3 BilSector: Communication Services | Industry: Advertising

Magnite (MGNI)

Market Price (9/17/2025): $23.13Market Cap: $3.3 BilSector: Communication ServicesIndustry: Advertising

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Market Price (9/17/2025): $23.13 | Market Cap: $3.3 Bil
Sector: Communication Services | Industry: Advertising

Market Price (9/17/2025): $23.13
Market Cap: $3.3 Bil
Sector: Communication Services
Industry: Advertising