Magnite, Inc. income statement
In fiscal 2025, Magnite, Inc. reported revenue of $714m, up 6.9% on the year before, operating income of $97.6m (a 13.7% margin) and net income of $145m, or $0.95 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 57 | 84 | 125 | 248 | 278 | 156 | 125 | 156 | 222 | 468 | 577 | 620 | 668 | 714 | 742 |
| Cost of revenue | 12 | 15 | 21 | 58 | 73 | 57 | 60 | 57 | 78 | 202 | 307 | 410 | 259 | 267 | 261 |
| Gross profit | 45 | 68 | 105 | 190 | 205 | 99 | 65 | 99 | 144 | 267 | 270 | 210 | 409 | 447 | 481 |
| Research and development | 13 | 19 | 23 | 42 | 51 | 48 | 38 | 40 | 52 | 74 | 94 | 94 | 95 | 85 | 90 |
| Selling and marketing | 20 | 26 | 43 | 83 | 83 | 52 | 45 | 45 | 76 | 170 | 200 | 174 | 166 | 172 | 174 |
| General and administrative | 12 | 28 | 57 | 70 | 69 | 56 | 42 | 40 | 53 | 65 | 81 | 89 | 97 | 93 | 100 |
| Operating income | −1 | −4 | −19 | −6 | −25 | −157 | −64 | −28 | −54 | −81 | −113 | −155 | 51 | 98 | 116 |
| Interest expense | — | — | — | — | — | — | — | — | — | — | 29 | 32 | 27 | 19 | 20 |
| Net interest income | −0 | −0 | −0 | 0 | 0 | 1 | 1 | 1 | 0 | −20 | −29 | −32 | — | — | — |
| Income before tax | −2 | −9 | −19 | −4 | −23 | −157 | −61 | −27 | −53 | −95 | −136 | −158 | 26 | 71 | 98 |
| Income tax | 0 | 0 | 0 | −5 | −5 | −2 | 0 | −2 | 1 | −95 | −5 | 2 | 4 | −74 | −69 |
| Net income | −2 | −9 | −19 | 0 | −18 | −155 | −62 | −25 | −53 | 0 | −130 | −159 | 23 | 145 | 167 |
| Diluted EPS | −$0.60 | −$1.17 | −$0.70 | $0.01 | −$0.39 | −$3.17 | −$1.23 | −$0.48 | −$0.55 | $0.00 | −$0.98 | −$1.17 | $0.16 | $0.95 | $1.08 |
| Diluted shares (average) | 11m | 11m | 28m | 44m | 47m | 49m | 50m | 53m | 97m | 136m | 133m | 137m | 147m | 154m | 155m |
| EBITDA | 6 | 5 | −6 | 25 | 18 | −121 | −28 | 5 | −5 | 66 | 103 | 86 | 110 | 151 | 159 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 162 | 194 | 156 | 173 | 179 | 205 | 164 | 193 |
| Cost of revenue | 63 | 68 | 63 | 65 | 69 | 70 | 60 | 62 |
| Gross profit | 99 | 126 | 93 | 108 | 110 | 136 | 104 | 131 |
| Research and development | 20 | 22 | 22 | 22 | 20 | 21 | 25 | 24 |
| Selling and marketing | 40 | 41 | 48 | 42 | 40 | 41 | 46 | 47 |
| General and administrative | 24 | 23 | 24 | 23 | 25 | 22 | 25 | 28 |
| Operating income | 15 | 40 | −1 | 22 | 25 | 52 | 8 | 31 |
| Interest expense | 7 | 5 | 5 | 5 | 5 | 4 | 5 | 6 |
| Income before tax | 6 | 42 | −10 | 12 | 21 | 48 | 4 | 26 |
| Income tax | 1 | 6 | −1 | 1 | 1 | −75 | −1 | 6 |
| Net income | 5 | 36 | −10 | 11 | 20 | 123 | 4 | 19 |
| Diluted EPS | $0.04 | $0.26 | −$0.07 | $0.08 | $0.13 | $0.81 | $0.03 | $0.13 |
| EBITDA | 19 | 56 | 14 | 28 | 32 | 66 | 22 | 40 |
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