MGNI - Magnite, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$19.00
DETAILS
HIGH:
$21.00
LOW:
$16.00
MEDIAN:
$20.00
CONSENSUS:
$19.00
UPSIDE:
43.94%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||
| Revenue | 714.0 | 668.2 | 619.7 | 577.1 | 468.4 | 221.6 | 156.4 | 124.7 | 155.5 | 278.2 | 248.5 | 125.3 | 83.8 | 57.1 | 37.1 |
| Cost of Revenue | 266.6 | 258.8 | 409.9 | 307.2 | 201.7 | 77.7 | 57.4 | 60.0 | 56.8 | 73.2 | 58.5 | 20.8 | 15.4 | 12.4 | 12.9 |
| Gross Profit | 447.3 | 409.3 | 209.8 | 269.9 | 266.8 | 143.9 | 99.0 | 64.7 | 98.7 | 205.0 | 190.0 | 104.5 | 68.5 | 44.7 | 24.2 |
| Operating Expenses | |||||||||||||||
| R&D Expenses | 84.7 | 95.2 | 94.3 | 93.8 | 74.4 | 51.5 | 40.2 | 37.9 | 47.5 | 51.2 | 42.1 | 22.7 | 18.6 | 13.1 | 12.5 |
| SG&A Expenses | 264.9 | 263.0 | 263.0 | 281.5 | 235.2 | 129.0 | 84.3 | 87.0 | 107.4 | 151.9 | 153.5 | 100.6 | 53.7 | 32.8 | 26.7 |
| Other Expenses | 0 | 0 | 7.5 | 7.5 | 38.2 | 17.6 | 2.0 | 0.8 | 0.7 | 0.6 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 349.6 | 358.2 | 364.8 | 382.7 | 347.8 | 198.1 | 126.6 | 124.8 | 154.9 | 203.1 | 195.6 | 123.3 | 72.4 | 45.9 | 39.2 |
| Operating Income | |||||||||||||||
| Operating Income | 97.8 | 51.1 | (155.0) | (112.8) | (81.1) | (54.2) | (27.6) | (63.6) | (157.0) | (24.9) | (5.6) | (18.8) | (3.9) | (1.2) | (15.0) |
| Interest Expense | 31.6 | 27.0 | 32.4 | 29.3 | 19.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.3 | 0.3 | 0.3 |
| Interest Income | 12.7 | 0 | 0 | 0 | 0 | 0.1 | 0.8 | 1.0 | 0.9 | 0.5 | 0.1 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||
| EBITDA | 155.9 | 112.0 | 115.6 | 109.7 | 71.7 | 12.6 | 6.6 | (26.1) | (30.8) | 44.7 | 25.4 | (6.3) | 4.6 | 5.7 | (9.5) |
| EBIT | 102.3 | 53.5 | (125.2) | (106.3) | (75.1) | (36.7) | (25.5) | (60.2) | (56.2) | (22.9) | (5.6) | (18.8) | (3.9) | (1.2) | (15.0) |
| Income Before Tax | 70.6 | 26.5 | (157.5) | (135.6) | (95.0) | (52.7) | (27.0) | (61.5) | (156.5) | (22.9) | (4.1) | (18.5) | (9.0) | (2.2) | (15.3) |
| Income Tax Expense | (74.0) | 3.7 | 1.6 | (5.3) | (95.1) | 0.7 | (1.5) | 0.4 | (1.8) | (4.9) | (4.6) | 0.2 | 0.2 | 0.1 | 0.1 |
| Net Income | 144.6 | 22.8 | (159.2) | (130.3) | 0.1 | (53.4) | (25.5) | (61.8) | (154.8) | (18.1) | 0.4 | (18.7) | (9.2) | (2.4) | (15.4) |
| Per Share Data | |||||||||||||||
| EPS (Basic) | 1.01 | 0.16 | -1.17 | -0.98 | 0.00 | -0.55 | -0.48 | -1.23 | -3.17 | -0.39 | 0.01 | -0.66 | -0.27 | -0.09 | -0.59 |
| EPS (Diluted) | 0.95 | 0.16 | -1.17 | -0.98 | 0.00 | -0.55 | -0.48 | -1.23 | -3.17 | -0.39 | 0.01 | -0.66 | -0.27 | -0.09 | -0.59 |
| Shares Outstanding | 142.6 | 140.6 | 136.6 | 132.9 | 126.3 | 96.7 | 52.6 | 50.3 | 48.9 | 46.3 | 39.7 | 28.2 | 34.7 | 25.9 | 25.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 553.4 | 483.2 | 326.2 | 326.3 | 230.4 | 117.7 | 88.9 | 80.5 | 76.6 | 149.4 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.5 | 52.5 | 40.5 |
| Net Receivables | 1,302.0 | 1,200.0 | 1,176.3 | 976.5 | 927.8 | 471.7 | 217.6 | 205.7 | 165.9 | 192.1 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 26.3 | 19.9 | 20.5 | 23.5 | 0 | 0 | 0 | 6.9 | 9.6 | 0.1 |
| Total Current Assets | 1,881.6 | 1,703.2 | 1,523.0 | 1,326.3 | 1,178.1 | 607.1 | 313.1 | 300.5 | 304.7 | 391.6 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 175.2 | 119.1 | 107.9 | 123.2 | 111.1 | 63.3 | 45.2 | 33.5 | 47.4 | 36.2 |
| Goodwill | 983.9 | 978.2 | 978.2 | 978.2 | 969.9 | 158.1 | 7.4 | 0 | 0 | 65.7 |
| Intangible Assets | 12.4 | 47.9 | 72.9 | 277.2 | 446.7 | 106.0 | 27.4 | 24.7 | 26.1 | 23.3 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 111.3 | 6.4 | 6.7 | 7.4 | 6.9 | 4.4 | 2.1 | 1.2 | 5.5 | 2.9 |
| Total Non-Current Assets | 1,282.8 | 1,151.6 | 1,165.8 | 1,386.0 | 1,534.5 | 331.9 | 82.1 | 59.5 | 79.0 | 128.2 |
| Total Assets | 3,164.4 | 2,854.8 | 2,688.8 | 2,712.2 | 2,712.6 | 939.0 | 395.1 | 360.0 | 383.6 | 519.8 |
| Current Liabilities | ||||||||||
| Account Payables | 0 | 1,448.7 | 1,357.1 | 1,076.9 | 983.1 | 496.9 | 252.7 | 233.5 | 207.5 | 205.2 |
| Short-Term Debt | 228.6 | 3.6 | 3.6 | 3.6 | 3.6 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 1,613.1 | 9.9 | 6.0 | 5.9 | 5.7 | 3.1 | 0.8 | 1.3 | 3.1 | 3.5 |
| Total Current Liabilities | 1,841.7 | 1,496.0 | 1,402.1 | 1,125.0 | 1,029.4 | 522.2 | 267.5 | 241.0 | 217.2 | 218.4 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 50.1 | 550.1 | 533.0 | 722.8 | 720.0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0.7 | 5.1 | 13.3 | 0.2 | 0 | 0 | 0 | 0.0 |
| Other Non-Current Liabilities | 350.2 | 1.5 | 1.7 | 1.7 | 2.6 | 2.7 | 0.5 | 1.0 | 1.8 | 1.8 |
| Total Non-Current Liabilities | 400.3 | 590.6 | 585.0 | 795.9 | 802.5 | 35.1 | 15.7 | 1.0 | 1.8 | 1.8 |
| Total Liabilities | 2,242.0 | 2,086.6 | 1,987.1 | 1,920.9 | 1,831.9 | 557.3 | 283.2 | 242.0 | 219.0 | 220.3 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0 | 0 |
| Retained Earnings | (516.6) | (661.2) | (684.0) | (524.8) | (394.5) | (394.5) | (341.1) | (315.6) | (253.8) | (99.0) |
| Accumulated Other Comprehensive Income | (1.5) | (4.4) | (2.1) | (3.2) | (1.4) | (1.0) | (0.0) | (0.3) | 0.0 | (0.3) |
| Total Stockholders' Equity | 922.4 | 768.2 | 701.7 | 791.3 | 880.8 | 381.6 | 111.9 | 118.0 | 164.6 | 299.5 |
| Total Liabilities & Equity | 3,164.4 | 2,854.8 | 2,688.8 | 2,712.2 | 2,712.6 | 939.0 | 395.1 | 360.0 | 383.6 | 519.8 |
| Debt Metrics | ||||||||||
| Total Debt | 278.7 | 608.8 | 606.7 | 813.9 | 809.3 | 42.1 | 22.5 | 0 | 0 | 0 |
| Net Debt | (274.7) | 125.6 | 280.4 | 487.6 | 578.9 | (75.6) | (66.4) | (80.5) | (76.6) | (149.4) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 144.6 | 22.8 | (159.2) | (130.3) | 0.1 | (53.4) | (25.5) | (61.8) | (154.8) | (18.1) |
| Depreciation & Amortization | 53.7 | 58.5 | 240.8 | 216.1 | 146.9 | 49.1 | 32.1 | 35.3 | 36.2 | 42.8 |
| Stock-Based Compensation | 76.6 | 76.5 | 72.6 | 64.1 | 40.7 | 28.5 | 18.8 | 16.3 | 20.5 | 28.7 |
| Change in Working Capital | 28.3 | 76.6 | 75.5 | 40.4 | 31.9 | (110.1) | 5.9 | (12.1) | 24.8 | (9.2) |
| Other Non-Cash Items | 11.1 | 0.7 | (13.0) | 11.1 | 5.8 | 73.8 | 1.2 | (0.3) | 96.3 | 22.6 |
| Operating Cash Flow | 236.2 | 235.2 | 214.4 | 192.6 | 126.6 | (12.1) | 32.0 | (22.7) | 21.5 | 60.1 |
| Investing Activities | ||||||||||
| Capital Expenditure | (70.5) | (32.8) | (26.8) | (44.4) | (29.1) | (14.3) | (19.9) | (19.9) | (40.4) | (33.4) |
| Acquisitions | 0 | 0 | 0 | (20.8) | (661.9) | 54.6 | (11) | 8.5 | (38.6) | (0.2) |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (24.0) | (95.2) | (41.1) |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 7.5 | 71.9 | 81.0 | 37.4 |
| Other Investing Activities | (22.2) | (14.7) | 0 | (13.6) | (11.4) | (7.7) | (8.5) | (8.5) | (22.2) | 0.3 |
| Investing Cash Flow | (92.8) | (47.5) | (37.4) | (65.2) | (691.0) | 32.6 | (23.4) | 27.9 | (93.2) | (37.1) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (2.9) | 8.5 | (169.4) | (4.4) | 746.8 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | (46.3) | (14.6) | 0 | (15.7) | (6.0) | (7.9) | 0 | (1.6) | 0 | (6.1) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (32.9) | (22.9) | (14.1) | (10.1) | (62.7) | 15.2 | (0.2) | (1.3) | (2.0) | 10.1 |
| Financing Cash Flow | (75.1) | (28.9) | (177.8) | (30.2) | 678.1 | 7.4 | (0.2) | (1.3) | (1.4) | 10.1 |
| Cash Position | ||||||||||
| Net Change in Cash | 70.1 | 157.0 | (0.3) | 95.8 | 113.0 | 28.8 | 8.4 | 3.8 | (72.9) | 32.9 |
| Cash at Beginning | 483.2 | 326.2 | 326.5 | 230.7 | 117.7 | 88.9 | 80.5 | 76.6 | 149.5 | 116.5 |
| Cash at End | 553.4 | 483.2 | 326.2 | 326.5 | 230.7 | 117.7 | 88.9 | 80.5 | 76.6 | 149.4 |
| Free Cash Flow | 165.6 | 202.4 | 187.6 | 148.2 | 97.5 | (26.4) | 12.1 | (42.6) | (18.9) | 26.7 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||
| Revenue | 714.0 | 668.2 | 619.7 | 577.1 | 468.4 | 221.6 | 156.4 | 124.7 | 155.5 | 278.2 | 248.5 | 125.3 | 83.8 | 57.1 | 37.1 |
| Gross Profit | 447.3 | 409.3 | 209.8 | 269.9 | 266.8 | 143.9 | 99.0 | 64.7 | 98.7 | 205.0 | 190.0 | 104.5 | 68.5 | 44.7 | 24.2 |
| Operating Income | 97.8 | 51.1 | (155.0) | (112.8) | (81.1) | (54.2) | (27.6) | (63.6) | (157.0) | (24.9) | (5.6) | (18.8) | (3.9) | (1.2) | (15.0) |
| Net Income | 144.6 | 22.8 | (159.2) | (130.3) | 0.1 | (53.4) | (25.5) | (61.8) | (154.8) | (18.1) | 0.4 | (18.7) | (9.2) | (2.4) | (15.4) |
| EPS (Diluted) | 0.95 | 0.16 | -1.17 | -0.98 | 0.00 | -0.55 | -0.48 | -1.23 | -3.17 | -0.39 | 0.01 | -0.66 | -0.27 | -0.09 | -0.59 |
| Balance Sheet | |||||||||||||||
| Cash & Equivalents | 553.4 | 483.2 | 326.2 | 326.3 | 230.4 | 117.7 | 88.9 | 80.5 | 76.6 | 149.4 | |||||
| Total Assets | 3,164.4 | 2,854.8 | 2,688.8 | 2,712.2 | 2,712.6 | 939.0 | 395.1 | 360.0 | 383.6 | 519.8 | |||||
| Total Debt | 278.7 | 608.8 | 606.7 | 813.9 | 809.3 | 42.1 | 22.5 | 0 | 0 | 0 | |||||
| Stockholders' Equity | 922.4 | 768.2 | 701.7 | 791.3 | 880.8 | 381.6 | 111.9 | 118.0 | 164.6 | 299.5 | |||||
| Cash Flow | |||||||||||||||
| Operating Cash Flow | 236.2 | 235.2 | 214.4 | 192.6 | 126.6 | (12.1) | 32.0 | (22.7) | 21.5 | 60.1 | |||||
| Capital Expenditure | (70.5) | (32.8) | (26.8) | (44.4) | (29.1) | (14.3) | (19.9) | (19.9) | (40.4) | (33.4) | |||||
| Free Cash Flow | 165.6 | 202.4 | 187.6 | 148.2 | 97.5 | (26.4) | 12.1 | (42.6) | (18.9) | 26.7 | |||||