# Magnite, Inc. (MGNI)

**Exchange:** NASDAQ  
**Sector:** Communication Services  
**Market cap:** $2.41B  
**Price:** $15.67 (-0.89%)

> Magnite, Inc. is the world's largest independent sell-side advertising company, operating an omni-channel programmatic platform that connects publishers and buyers in the digital advertising ecosystem. Publishers leverage Magnite's technology, including the SpringServe ad server, ClearLine for unified video campaign activation, and Magnite Access for audience data solutions, to monetize premium inventory across connected TV (CTV), online video, display, audio, mobile, and other formats. Buyers, such as advertisers, agencies, and demand-side platforms, access brand-safe, high-quality supply through curated marketplaces, real-time bidding, and advanced targeting capabilities. The platform emphasizes independence from walled gardens, ensuring transparency, privacy compliance, and global scale with direct integrations to premium CTV publishers and omnichannel inventory. Magnite serves media owners worldwide, powering advertising that reaches audiences across streaming TV, websites, apps, and linear TV, while providing yield management tools for efficient monetization. Incorporated in 2007 and headquartered in New York, New York, Magnite focuses on innovation in ad tech to foster long-term partnerships between content creators and marketers.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $714M | $447M | $98M | $145M | — |
| 2024 | $668M | $409M | $51M | $23M | — |
| 2023 | $620M | $210M | -$155M | -$159M | — |
| 2022 | $577M | $270M | -$113M | -$130M | — |
| 2021 | $468M | $267M | -$81M | $65,000 | — |
| 2020 | $222M | $144M | -$54M | -$53M | — |
| 2019 | $156M | $99M | -$28M | -$25M | — |
| 2018 | $125M | $65M | -$64M | -$62M | — |
| 2017 | $156M | $99M | -$157M | -$155M | — |
| 2016 | $278M | $205M | -$25M | -$18M | — |
| 2015 | $248M | $190M | -$6M | $422,000 | — |
| 2014 | $125M | $105M | -$19M | -$19M | — |
| 2013 | $84M | $68M | -$4M | -$9M | — |
| 2012 | $57M | $45M | -$1M | -$2M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $3.16B | $2.24B | $922M | $553M | $556M |
| 2024 | $2.85B | $2.09B | $768M | $483M | $554M |
| 2023 | $2.69B | $1.99B | $702M | $326M | $537M |
| 2022 | $2.71B | $1.92B | $791M | $326M | $755M |
| 2021 | $2.71B | $1.83B | $881M | $230M | $758M |
| 2020 | $939M | $557M | $382M | $118M | — |
| 2019 | $395M | $283M | $112M | $89M | — |
| 2018 | $360M | $242M | $118M | $80M | — |
| 2017 | $384M | $219M | $165M | $77M | — |
| 2016 | $520M | $220M | $300M | $149M | — |
| 2015 | $537M | $259M | $278M | $116M | — |
| 2014 | $296M | $168M | $129M | $97M | — |
| 2013 | $150M | $134M | -$36M | $30M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $236M | $71M | $166M |
| 2024 | $235M | $33M | $202M |
| 2023 | $214M | $27M | $188M |
| 2022 | $193M | $31M | $162M |
| 2021 | $127M | $18M | $109M |
| 2020 | -$12M | $14M | -$26M |
| 2019 | $32M | $11M | $21M |
| 2018 | -$23M | $11M | -$34M |
| 2017 | $22M | $32M | -$11M |
| 2016 | $60M | $23M | $37M |
| 2015 | $77M | $20M | $57M |
| 2014 | $7M | $11M | -$4M |
| 2013 | $21M | $7M | $14M |
| 2012 | $16M | $3M | $13M |

Source: [CompaniesByCap](https://companiesbycap.com/company/MGNI)