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Magnite MGNI Operating lease right-of-use assets reduction and corresponding non-cash adjustment to operating lease liabilities

Operating lease right-of-use assets reduction and corresponding non-cash adjustment to operating lease liabilities at other companies

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-$355.5K+61.1%

Other financials

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

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Market cap$2.58B+5.1%
Enterprise value$2.84B-3.2%
P/E16.3×-63.1×
P/S3.6×-0.1×

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×

Where this comes from

Reported directly by Magnite in its filing.

Tagged under the XBRL concept mgni:OperatingLeaseRightOfUseAssetsReductionAndAdjustmentToOperatingLeaseLiabilitiesFromLeaseTerminations.

The official record: Magnite’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Magnite's operating lease right-of-use assets reduction and corresponding non-cash adjustment to operating lease liabilities?
Magnite (MGNI) reported operating lease right-of-use assets reduction and corresponding non-cash adjustment to operating lease liabilities of -$150K in Q1 2026.
How has Magnite's operating lease right-of-use assets reduction and corresponding non-cash adjustment to operating lease liabilities changed year-over-year?
Magnite's operating lease right-of-use assets reduction and corresponding non-cash adjustment to operating lease liabilities decreased by 107.3% year-over-year, from $2.05M to -$150K.
What does operating lease right-of-use assets reduction and corresponding non-cash adjustment to operating lease liabilities mean?
This captures the non-cash reduction in right-of-use assets and the corresponding adjustment to lease liabilities, often due to lease terminations or modifications. It provides transparency into changes in the firm's physical footprint or contractual obligations. Significant adjustments may signal strategic shifts in operational capacity or cost-cutting measures.