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Magnite, Inc. key statistics and ratios

In fiscal 2025, Magnite, Inc. had return on equity of 17.1% and a net margin of 20.3%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Net margin−4.1%−11.0%−14.9%0.2%−6.5%−99.5%−49.6%−16.3%−24.1%0.0%−22.6%−25.7%3.4%20.3%22.5%
Return on equity——−40.4%0.2%−6.3%−66.7%−43.7%−22.2%−21.7%0.0%−15.6%−21.3%3.1%17.1%18.0%
Return on assets—−6.2%−8.4%0.1%−3.4%−34.3%−16.6%−6.7%−8.0%0.0%−4.8%−5.9%0.8%4.8%5.4%
Effective tax rate————————————14.0%——
R&D as % of revenue23.0%22.2%18.1%16.9%18.4%30.5%30.4%25.7%23.3%15.9%16.2%15.2%14.3%11.9%12.1%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

6 of 7 checks passed · June 30, 2026
What it owns · $3.0bn
Short-term assets $1.7bnLonger-term assets $1.3bn
What it owes, and who funded it · $3.0bn
Short-term liabilities $1.7bnLonger-term liabilities $393mShareholders' equity $936m
  • Short-term assets cover short-term liabilities $1.7bn of assets due within a year against $1.7bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.7bn short-term assets against $393m of longer-dated liabilities.
  • More cash than debt $333m of cash against $350m of debt.
  • Debt below 40% of shareholders' equity Debt is 37% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 82% to 37% over five years.
  • A year's operating cash flow covers at least 20% of debt $281m of operating cash flow against $350m of debt.
  • Operating profit covers interest at least five times over Operating income of $116m against $20m of interest.

From Magnite, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

20 /100

Weak moat

How hard Magnite's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median 2.2% of total assets over 10 years.

  • Pricing power 12 / 20

    Gross margin has been a median 59.6%, moving by 11.2 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median -21.3%; its worst year was -147.4%.

  • Cash conversion 13 / 20

    Free cash flow was positive in 7 of 10 years, at a median 11.7% of revenue.

  • Discipline 0 / 20

    The diluted share count rose 25.8% over five years; stock-based pay has been a median 11.3% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (35 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: MGNI vs THRYDV vs MGNIMGNI vs TEAD

More: Advertising stocks compared, Communication Services sector, rankings of US companies

Figures from Magnite, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Magnite, Inc.