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Magnite

MGNI

Magnite is the world's largest independent omni-channel sell-side advertising platform (SSP), providing technology to automate the purchase and sale of digital advertising inventory.

Market cap
$2.73B-15.1%
Revenue$722.6M+7.1%
Net income$158.7M+413%
Free cash flow$47.3M-81.6%
EPS (diluted)$1.05+377%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$179.2M
EPS estimate$0.25

Financials

Q1 2026

Income statement

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Revenue$164.4M+5.5%
Gross profit$104.0M+11.8%
Operating income$7.7M+666%
Net income$4.4M+146%
EPS (diluted)$0.03+143%

Balance sheet

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Cash & equivalents$184.6M-57.0%
Total debt$442.0M-47.1%
Total equity$917.9M+23.7%
Total assets$2.9B+10.2%

Cash flow

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Operating cash flow-$120.8M-4,816%
CapEx$9.4M-34.6%
Free cash flow-$130.2M-1,002%

Valuation & ratios

Valuation

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Market cap$2.73B-15.1%
Enterprise value$2.99B-20.0%
P/E17.2×-59.9×
P/S3.8×-1.1×

Profitability

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Gross margin63.4%+1.3pp
Operating margin14.8%+5.3pp
Net margin22%+17.4pp
FCF margin6.5%-31.5pp

Returns & leverage

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Return on equity19.1%+14.8pp
Debt / equity0.5×-0.6×
Current ratio0.0×

Competitors

Profile

Magnite is the world's largest independent omni-channel sell-side advertising platform (SSP), providing technology to automate the purchase and sale of digital advertising inventory. The company offers a transparent marketplace that connects publishers with advertisers across Connected TV (CTV), mobile, and desktop channels. Its core value proposition lies in providing a scaled, independent alternative to 'walled garden' ecosystems by leveraging machine learning and specialized tools for premium video monetization.

Competitive position

Magnite is the leading independent sell-side platform with a dominant position in the programmatic CTV marketplace, characterized by its lack of owned media content which avoids conflicts of interest.

GeographiesNorth America, Europe, Australia, Asia, South America
Customer segmentsPublishers, Advertising Agencies, Demand Side Platforms (DSPs), Brand Advertisers
Business modelTransaction-based fee model, SaaS, Marketplace, Managed Services
SuppliersCloud infrastructure providers, On-premise data center operators, Third-party data and identity vendors
CustomersAgency trading desks, Demand Side Platforms, Direct brand advertisers, Advertising agency holding companies
Listed2014
Employees911.0
CEOMichael G. Barrett
FilingsSEC EDGAR

Questions, answered.

What is Magnite's market cap?
Magnite (MGNI) has a market capitalization of $2.7B and trades on NASDAQ.
What is Magnite's revenue and profitability?
Magnite generated $722.6M in trailing twelve-month revenue with net income of $158.7M, representing a net margin of 22.0%. Gross margin stands at 63.4%, with free cash flow of $47.3M. These figures are based on the Q1 2026 filing.
Who are Magnite's competitors?
Magnite's key competitors include PubMatic, Google, Meta Platforms, and others. These companies compete in similar markets and product categories.
Who does Magnite partner with?
Magnite's notable partners include Amazon, Google, Prebid.org, and others.
What subsidiaries does Magnite have?
Magnite's subsidiaries include SpringServe, Streamr.ai.
Where is Magnite headquartered?
Magnite is headquartered in United States of America and employs approximately 911 people. It has been publicly traded since 2014.