YOLFTbeta
Magnite Inc

Magnite Inc

MGNI · NASDAQ · Communication Services / Advertising Agencies

29.29USD-0.05 (-0.17%)

Price History

Full chart

Market Stats

Previous Close29.34
Open29.25
Day Range29.00 – 29.78
52-Week Range10.82 – 28.17
Volume2.29M
Market Cap3.27B
P/E (TTM)20.72
Forward P/E20.58
EPS1.10
Dividend Yield0.00%
Beta2.39
50-Day Avg23.92
200-Day Avg17.67

About

Magnite, Inc., together with its subsidiaries, operates an independent omni-channel 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 for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory, as well as an independent marketplace that brings buyers and sellers together. It markets its solutions through sales teams that operate from various locations. Magnite, Inc. was formerly known as The Rubicon Project, Inc. and changed name to Magnite, Inc. in July 2020. The company was incorporated in 2007 and is headquartered in New York, New York.

Company Details

  • SectorCommunication Services
  • IndustryAdvertising Agencies
  • CEOMr. Michael G. Barrett
  • Employees971
  • Headquarters1250 Broadway, New York, NY, United States, 10001, USA
  • Websitehttps://www.magnite.com

Leadership

  • Mr. Michael G. BarrettCEO & Director · b. 1962
  • Ms. Katie EvansPresident of Product & Operations · b. 1986
  • Mr. David L. DaySpecial Advisor · b. 1961
  • Mr. Sean Patrick BuckleyPresident of Revenue & Market Strategy · b. 1989
  • Mr. Brian GephartChief Financial Officer · b. 1980
  • Mr. Haas SullivanChief Accounting Officer · b. 1983
  • Mr. David BuonaseraChief Technology Officer · b. 1987
  • Mr. Nick KormelukVP of Investor Relations & Head of Global Real Estate
  • Mr. Aaron Saltz J.D.Chief Legal Officer · b. 1981
  • Ms. Shawna Hughes CPAChief People Officer · b. 1978

Financials

Income Statement

Currency: USD2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue37.06M57.07M83.83M125.30M248.48M278.22M155.54M124.69M156.41M221.63M468.41M577.07M619.71M668.17M713.95M
Growth (%)-+54.00%+46.88%+49.46%+98.32%+11.97%-44.09%-19.84%+25.45%+41.69%+111.35%+23.20%+7.39%+7.82%+6.85%
Cost of Revenue12.89M12.37M15.36M20.75M58.49M73.25M56.84M60.00M57.39M77.75M201.66M307.17M409.91M258.84M266.62M
Gross Profit24.17M44.70M68.47M104.54M189.99M204.97M98.71M64.68M99.02M143.88M266.75M269.90M209.80M409.33M447.33M
Gross Margin65.21%78.33%81.68%83.44%76.46%73.67%63.46%51.88%63.31%64.92%56.95%46.77%33.86%61.26%62.66%
Operating Expense39.17M45.90M72.35M123.32M195.59M229.87M255.69M128.29M126.61M198.12M347.82M382.69M364.81M358.25M349.57M
Operating Income-15.00M-1.20M-3.88M-18.78M-5.60M-24.90M-156.98M-63.61M-27.58M-54.23M-81.07M-112.78M-155.01M51.09M97.76M
Operating Margin-40.49%-2.10%-4.63%-14.99%-2.25%-8.95%-100.92%-51.01%-17.63%-24.47%-17.31%-19.54%-25.01%7.65%13.69%
EBITDA-9.47M5.66M4.56M-6.26M25.41M44.66M-30.75M-26.13M6.58M12.57M71.75M109.72M115.64M112.03M143.22M
EBITDA Margin-25.54%9.91%5.44%-5.00%10.23%16.05%-19.77%-20.95%4.21%5.67%15.32%19.01%18.66%16.77%20.06%
Net Income-15.41M-2.36M-9.25M-18.67M422.00K-18.05M-154.78M-61.82M-25.48M-53.43M65.00K-130.32M-159.18M22.79M144.61M
Net Income Margin-41.58%-4.14%-11.03%-14.90%0.17%-6.49%-99.51%-49.58%-16.29%-24.11%0.01%-22.58%-25.69%3.41%20.26%
R&D12.50M13.12M18.61M22.72M42.05M51.18M47.50M37.86M40.25M51.55M74.45M93.76M94.32M95.24M84.71M
R&D as % of Total Revenue33.72%22.98%22.21%18.13%16.92%18.40%30.54%30.37%25.73%23.26%15.89%16.25%15.22%14.25%11.87%
Interest Expense252.00K343.00K273.00K110.00K110.00K491.00K00112.00K35.83M19.85M29.26M32.37M27.03M18.92M
Interest Expense % of Total Revenue0.68%0.60%0.33%0.09%0.04%0.18%0.00%0.00%0.07%16.17%4.24%5.07%5.22%4.05%2.65%

Balance Sheet

Currency: USD2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets71.14M108.01M149.89M296.48M536.74M519.77M383.63M360.01M395.12M938.96M2.71B2.71B2.69B2.85B3.16B
Total Liabilities55.34M90.00M128.28M167.73M258.63M220.26M219.02M242.00M283.18M557.35M1.83B1.92B1.99B2.09B2.24B
Total Equity15.80M18.01M21.61M128.75M278.10M299.51M164.61M118.01M111.94M381.61M880.76M791.30M701.68M768.22M922.35M
Cash16.25M21.62M29.96M97.20M116.50M149.42M76.64M80.45M88.89M117.68M230.40M326.25M326.22M483.22M553.36M
Total Debt5.50M5.21M4.18M105.00K----22.51M42.09M809.25M813.86M606.65M608.81M626.36M
Net Debt-10.75M-16.40M-25.77M-97.09M-116.50M-149.42M-76.64M-80.45M-66.38M-75.58M578.85M487.61M280.43M125.59M73.00M

Cash Flow

Currency: USD2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow2.13M15.60M21.09M6.64M76.86M60.12M21.54M-22.69M31.98M-12.06M126.59M192.55M214.37M235.20M236.17M
Investing Cash Flow-8.14M-9.03M-11.86M-23.12M-72.86M-37.12M-93.21M27.95M-23.39M32.64M-691.00M-65.15M-37.38M-47.50M-92.77M
Financing Cash Flow1.33M-1.40M-796.00K83.79M15.47M10.08M-1.38M-1.28M-205.00K7.35M678.05M-30.17M-177.84M-28.90M-75.08M
Capital Expenditure6.85M6.74M10.71M19.48M28.44M33.40M40.43M19.94M19.89M14.29M29.13M44.40M37.38M32.81M70.53M
Free Cash Flow-4.72M8.86M10.38M-12.84M48.42M26.72M-18.89M-42.63M12.10M-26.36M97.46M148.15M176.98M202.39M165.63M
Dividends Paid----2.04M-----13.14M-3.51M--
FCF to OCF-221.79%56.80%49.22%-193.23%63.00%44.44%-87.72%187.90%37.82%218.46%76.99%76.94%82.56%86.05%70.13%
Dividend Paid to FCF----4.21%-----13.48%-1.98%--

Earnings

Report DateMay 13, 2014Jul 29, 2014Oct 23, 2014Feb 24, 2015May 5, 2015Jul 28, 2015Oct 27, 2015Feb 23, 2016May 3, 2016Aug 2, 2016Nov 2, 2016Mar 14, 2017May 3, 2017Aug 1, 2017Nov 2, 2017Mar 14, 2018May 3, 2018Aug 1, 2018Nov 7, 2018Feb 27, 2019May 1, 2019Jul 31, 2019Nov 6, 2019Feb 26, 2020May 6, 2020Aug 10, 2020Nov 9, 2020Feb 24, 2021May 10, 2021Aug 5, 2021Nov 3, 2021Feb 23, 2022May 4, 2022Aug 9, 2022Nov 9, 2022Feb 22, 2023May 10, 2023Aug 9, 2023Nov 8, 2023Feb 28, 2024May 8, 2024Aug 7, 2024Nov 7, 2024Feb 26, 2025May 7, 2025Aug 6, 2025Nov 5, 2025Feb 25, 2026May 6, 2026Aug 5, 2026Nov 4, 2026
EPS Estimate-0.42-0.21-0.170.03-0.12-0.200.040.330.030.100.090.14-0.21-0.10-0.15-0.28-0.42-0.33-0.23-0.05-0.20-0.14-0.070.12-0.04-0.19-0.040.140.020.120.160.250.080.170.150.32-0.070.030.090.280.010.150.160.390.060.170.080.380.110.050.16
EPS Actual-0.15-0.290.050.250.020.060.230.720.310.170.320.44-0.16-0.10-0.14-0.28-0.44-0.27-0.180.03-0.14-0.06-0.020.17-0.06-0.100.060.190.030.110.140.260.080.140.180.240.040.090.120.290.050.140.170.340.120.200.120.340.130.150.25
Surprise64.29%-39.24%129.41%733.33%116.67%130.00%475.00%118.18%933.33%70.00%255.56%214.29%23.81%0.00%6.67%0.00%-4.76%18.18%21.74%160.00%30.00%57.14%71.43%41.67%-50.00%47.37%250.00%35.71%50.00%-8.33%-12.50%4.00%0.00%-17.65%20.00%-25.00%157.14%200.00%33.33%3.57%400.00%-6.67%6.25%-13.09%100.00%17.65%50.00%-10.53%18.18%200.00%56.25%
TimingAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap3.27B
Enterprise Value3.29B
Trailing P/E20.72
Forward P/E20.58
PEG Ratio0.09
Price / Sales4.40
Price / Book3.42
EPS1.10
Book Value6.53
Revenue (TTM)742.04M
Gross Profit (TTM)480.73M
EBITDA157.19M
Profit Margin22.49%
Operating Margin16.19%
Return on Equity19.58%
Return on Assets2.43%
Shares Outstanding143.42M
Shares Float141.65M
Beta2.39
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Strong Buy
Based on 15 analystsTarget 29.67
  • Strong Buy
    10
  • Buy
    3
  • Hold
    2

Ownership Breakdown

Institutions
100.30%
Insiders
1.20%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    12.71M8.86%
  • Vanguard Portfolio Management, LLC
    8.20M5.72%
  • FMR Inc
    7.76M5.41%
  • Vanguard Capital Management, LLC
    6.23M4.34%
  • Wellington Management Company LLP
    6.04M4.21%
  • Dimensional Fund Advisors, Inc.
    5.26M3.67%
  • Boston Partners Global Investors, Inc
    5.01M3.50%
  • American Century Companies Inc
    4.62M3.22%
  • Capital Research Global Investors
    3.87M2.70%
  • Nuveen, LLC
    3.79M2.65%
  • Geode Capital Management, LLC
    3.79M2.64%
  • Edenbrook Capital LLC
    3.56M2.48%
  • State Street Corp
    3.53M2.46%
  • 325 Capital LLC
    3.41M2.38%
  • Nine Ten Capital Management LLC
    3.26M2.27%
  • Granahan Investment Management Inc..
    3.08M2.15%
  • Canada Pension Plan Investment Board
    3.00M2.09%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    4.35M3.03%
  • iShares Russell 2000 ETF
    3.65M2.54%
  • Vanguard Small Cap Index
    3.07M2.14%