Magnite Inc - Understand $mgni stock

$MGNI Market Cap: $2.364 Billion

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Financial Snapshot

Revenue

$661.1M

TTM

Gross Margin

60.34%

TTM

Net Earnings

$17.29M

TTM

Current Assets

$1.573B

Q3 2024

Current Liabilities

$1.414B

Q3 2024

Current Ratio

111.3%

Q3 2024

Total Assets

$2.738B

Q3 2024

Total Liabilities

$2.012B

Q3 2024

Book Value

$725.9M

Q3 2024

Cash

$387.2M

Q3 2024

P/E

136.7

Nov 13, 2024 EST

Free Cash Flow

$160.3M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$619.7M	$577.1M	$468.4M	$221.6M	$156.4M	$124.7M	$155.5M	$278.2M	$248.5M	$125.3M	$83.83M	$57.07M	$37.10M
YoY Change	7.39%	23.2%	111.35%	41.69%	25.45%	-19.84%	-44.09%	11.97%	98.32%	49.46%	46.88%	53.83%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$619.7M	$577.1M	$468.4M	$221.6M	$156.4M	$124.7M	$155.5M	$278.2M	$248.5M	$125.3M	$83.83M	$57.07M	$37.10M
Cost Of Revenue	$409.9M	$307.2M	$201.7M	$77.75M	$57.39M	$60.00M	$56.84M	$73.25M	$58.50M	$20.75M	$15.36M	$12.37M	$12.90M
Gross Profit	$209.8M	$269.9M	$266.8M	$143.9M	$99.02M	$64.68M	$98.71M	$205.0M	$190.0M	$104.5M	$68.47M	$44.71M	$24.20M
Gross Profit Margin	33.86%	46.77%	56.95%	64.92%	63.31%	51.88%	63.46%	73.67%	76.46%	83.44%	81.68%	78.33%	65.23%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Selling, General & Admin	$263.0M	$281.5M	$235.2M	$129.0M	$84.32M	$86.99M	$107.4M	$151.9M	$153.5M	$100.6M	$53.74M	$32.79M	$26.70M
YoY Change	-6.55%	19.67%	82.3%	53.02%	-3.07%	-19.0%	-29.3%	-1.06%	52.61%	87.21%	63.89%	22.81%
% of Gross Profit	125.37%	104.28%	88.17%	89.67%	85.15%	134.48%	108.79%	74.11%	80.81%	96.23%	78.48%	73.35%	110.33%
Research & Development	$94.32M	$93.76M	$74.45M	$51.55M	$40.25M	$37.86M	$47.50M	$51.18M	$42.06M	$22.72M	$18.62M	$13.12M	$12.50M
YoY Change	0.6%	25.93%	44.43%	28.06%	6.3%	-20.29%	-7.2%	21.71%	85.12%	22.04%	41.94%	4.92%
% of Gross Profit	44.96%	34.74%	27.91%	35.83%	40.65%	58.54%	48.12%	24.97%	22.14%	21.73%	27.19%	29.34%	51.65%
Depreciation & Amortization	$240.8M	$216.1M	$146.9M	$49.25M	$32.13M	$35.34M	$36.23M	$42.76M	$31.01M	$12.52M	$8.438M	$6.857M	$5.540M
YoY Change	11.46%	47.09%	198.26%	53.3%	-9.09%	-2.45%	-15.29%	37.9%	147.74%	48.34%	23.06%	23.77%
% of Gross Profit	114.78%	80.05%	55.06%	34.23%	32.44%	54.63%	36.7%	20.86%	16.32%	11.97%	12.32%	15.34%	22.89%
Operating Expenses	$357.3M	$375.2M	$309.6M	$180.6M	$124.6M	$124.9M	$154.9M	$203.1M	$195.6M	$123.3M	$72.35M	$45.90M	$39.20M
YoY Change	-4.76%	21.18%	71.49%	44.95%	-0.23%	-19.39%	-23.73%	3.83%	58.6%	70.44%	57.62%	17.1%
Operating Profit	-$155.0M	-$112.8M	-$81.07M	-$54.23M	-$27.58M	-$63.61M	-$157.0M	-$24.90M	-$5.598M	-$18.78M	-$3.880M	-$1.199M	-$15.00M
YoY Change	37.44%	39.12%	49.48%	96.62%	-56.64%	-59.48%	530.5%	344.75%	-70.19%	383.97%	223.6%	-92.01%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Interest Expense	-$34.32M	-$28.13M	-$18.37M	-$2.200M	$300.0K	$1.400M	-$300.0K	$1.400M	$1.500M	$1.000M	-$1.000M	-$500.0K	-$500.0K
YoY Change	22.01%	53.15%	734.91%	-833.33%	-78.57%	-566.67%	-121.43%	-6.67%	50.0%	-200.0%	100.0%	0.0%
% of Operating Profit
Other Income/Expense, Net	-$2.538M	-$22.81M	-$13.92M	$1.495M	$593.0K	$2.143M	$431.0K	$1.984M	$1.459M	$277.0K	-$5.122M	-$1.029M	$200.0K
YoY Change	-88.87%	63.91%	-1030.97%	152.11%	-72.33%	397.22%	-78.28%	35.98%	426.71%	-105.41%	397.76%	-614.5%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Pretax Income	-$157.5M	-$135.6M	-$94.99M	-$52.74M	-$26.99M	-$61.47M	-$156.5M	-$22.91M	-$4.139M	-$18.50M	-$9.002M	-$2.228M	-$15.30M
YoY Change	16.19%	42.75%	80.11%	95.4%	-56.09%	-60.74%	583.21%	453.59%	-77.63%	105.52%	304.04%	-85.44%
Income Tax	$1.600M	-$5.300M	-$95.10M	$700.0K	-$1.500M	$400.0K	-$1.800M	-$4.860M	-$4.561M	$172.0K	$247.0K	$134.0K	$100.0K
% Of Pretax Income
Net Earnings	-$159.2M	-$130.3M	$65.00K	-$53.43M	-$25.48M	-$61.82M	-$154.8M	-$18.05M	$422.0K	-$18.67M	-$9.249M	-$2.362M	-$15.40M
YoY Change	22.15%	-200596.92%	-100.12%	109.72%	-58.79%	-60.06%	757.38%	-4377.96%	-102.26%	101.89%	291.57%	-84.66%
Net Earnings / Revenue	-25.69%	-22.58%	0.01%	-24.11%	-16.29%	-49.58%	-99.51%	-6.49%	0.17%	-14.9%	-11.03%	-4.14%	-41.51%
Basic Earnings Per Share	-$1.17	-$0.98	$0.00	-$0.55	-$0.48		-$3.17	-$0.39	$0.01	-$0.70	-$1.17
Diluted Earnings Per Share	-$1.17	-$0.98	$0.00	-$0.55	-$0.48	-$1.229M	-$3.17	-$0.39	$0.01	-$0.70	-$1.17	-$69.16K	-$443.8K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Cash & Short-Term Investments	$326.2M	$326.3M	$230.4M	$117.7M	$88.90M	$88.00M	$129.1M	$190.0M	$116.5M	$97.20M	$30.00M	$21.60M	$16.30M
YoY Change	-0.01%	41.6%	95.75%	32.4%	1.02%	-31.84%	-32.05%	63.09%	19.86%	224.0%	38.89%	32.52%
Cash & Equivalents	$326.2M	$326.3M	$230.4M	$117.7M	$88.90M	$80.50M	$76.60M	$149.4M	$116.5M	$97.20M	$30.00M	$21.60M	$16.30M
Short-Term Investments					$0.00	$7.500M	$52.50M	$40.60M
Other Short-Term Assets	$20.51M	$23.50M	$19.93M	$17.70M	$6.600M	$6.900M	$9.600M	$9.500M	$31.00M	$7.500M	$4.100M	$2.400M	$2.600M
YoY Change	-12.74%	17.89%	12.62%	168.18%	-4.35%	-28.13%	1.05%	-69.35%	313.33%	82.93%	70.83%	-7.69%
Inventory
Prepaid Expenses
Receivables	$1.176B	$976.5M	$927.8M	$471.7M	$217.6M	$205.7M	$165.9M	$192.1M	$218.2M	$133.3M	$94.70M	$67.30M	$40.60M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$1.523B	$1.326B	$1.178B	$607.1M	$313.1M	$300.5M	$304.7M	$391.6M	$365.7M	$238.0M	$128.8M	$91.40M	$59.40M
YoY Change	14.83%	12.57%	94.06%	93.9%	4.19%	-1.38%	-22.19%	7.08%	53.66%	84.78%	40.92%	53.87%
Property, Plant & Equipment	$107.9M	$123.2M	$111.1M	$63.30M	$45.20M	$33.50M	$47.40M	$36.20M	$25.40M	$15.20M	$8.700M	$6.900M	$6.500M
YoY Change	-12.39%	10.92%	75.44%	40.04%	34.93%	-29.32%	30.94%	42.52%	67.11%	74.71%	26.09%	6.15%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments								$0.00
YoY Change
Other Assets	$6.729M	$7.383M	$6.862M	$4.400M	$2.100M	$1.200M	$5.500M	$2.900M	$15.20M	$1.400M	$3.200M	$1.000M	$300.0K
YoY Change	-8.86%	7.59%	55.95%	109.52%	75.0%	-78.18%	89.66%	-80.92%	985.71%	-56.25%	220.0%	233.33%
Total Long-Term Assets	$1.166B	$1.386B	$1.534B	$331.9M	$82.00M	$59.50M	$78.90M	$128.2M	$171.0M	$58.50M	$21.10M	$16.60M	$11.70M
YoY Change	-15.88%	-9.68%	362.34%	304.76%	37.82%	-24.59%	-38.46%	-25.03%	192.31%	177.25%	27.11%	41.88%
Total Assets	$2.689B	$2.712B	$2.713B	$939.0M	$395.1M	$360.0M	$383.6M	$519.8M	$536.7M	$296.5M	$149.9M	$108.0M	$71.10M
YoY Change
Accounts Payable	$1.357B	$1.077B	$983.1M	$496.9M	$252.7M	$233.5M	$207.5M	$205.2M	$235.8M	$143.7M	$115.2M	$76.60M	$45.80M
YoY Change	26.01%	9.54%	97.85%	96.64%	8.22%	12.53%	1.12%	-12.98%	64.09%	24.74%	50.39%	67.25%
Accrued Expenses	$35.49M	$38.55M	$36.97M	$22.30M	$14.00M	$6.100M	$6.600M	$9.700M	$12.20M	$7.300M	$5.000M	$4.300M	$2.500M
YoY Change	-7.93%	4.26%	65.8%	59.29%	129.51%	-7.58%	-31.96%	-20.49%	67.12%	46.0%	16.28%	72.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$3.600M	$3.600M	$3.600M						$0.00	$100.0K	$300.0K	$1.000M	$1.200M
YoY Change	0.0%	0.0%							-100.0%	-66.67%	-70.0%	-16.67%
Total Short-Term Liabilities	$1.402B	$1.125B	$1.029B	$522.2M	$267.5M	$241.0M	$217.2M	$218.4M	$250.2M	$154.4M	$123.4M	$84.40M	$50.20M
YoY Change	24.63%	9.29%	97.13%	95.21%	11.0%	10.96%	-0.55%	-12.71%	62.05%	25.12%	46.21%	68.13%
Long-Term Debt	$533.0M	$722.8M	$720.0M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$9.300M	$5.500M	$4.300M
YoY Change	-26.26%	0.38%								-100.0%	69.09%	27.91%
Other Long-Term Liabilities	$51.32M	$68.05M	$69.13M	$35.00M	$15.70M	$1.000M	$1.800M	$1.800M	$2.200M	$13.30M	$1.000M	$100.0K	$900.0K
YoY Change	-24.59%	-1.56%	97.53%	122.93%	1470.0%	-44.44%	0.0%	-18.18%	-83.46%	1230.0%	900.0%	-88.89%
Total Long-Term Liabilities	$584.3M	$790.8M	$789.2M	$35.00M	$15.70M	$1.000M	$1.800M	$1.800M	$2.200M	$13.30M	$10.30M	$5.600M	$5.200M
YoY Change	-26.11%	0.21%	2154.73%	122.93%	1470.0%	-44.44%	0.0%	-18.18%	-83.46%	29.13%	83.93%	7.69%
Total Liabilities	$1.987B	$1.921B	$1.832B	$557.3M	$283.2M	$242.0M	$219.0M	$220.3M	$258.6M	$167.7M	$133.7M	$90.00M	$55.30M
YoY Change	3.45%	4.86%	228.7%	96.79%	17.02%	10.5%	-0.59%	-14.81%	54.2%	25.43%	48.56%	62.75%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Basic Shares Outstanding	136.6M shares	132.9M shares	126.3M shares	96.70M shares	52.61M shares	50.60M shares	48.87M shares	46.66M shares	39.66M shares	28.22M shares	11.49M shares	11.18M shares
Diluted Shares Outstanding	136.6M shares	132.9M shares	136.3M shares	96.70M shares	52.61M shares	50.26M shares	48.87M shares	46.66M shares	44.50M shares	28.22M shares	11.49M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $2.3636 Billion

About Magnite Inc

Magnite, Inc. provides a technology solution to automate the purchase and sale of digital advertising inventory for buyers and sellers. The company is headquartered in New York City, New York and currently employs 911 full-time employees. The company went IPO on 2014-02-04. The firm provides technology solutions to automate the purchase and sale of digital advertising inventory. Its platform features applications and services for sellers of digital advertising inventory, or publishers, that own and operate connected television (CTV) channels, applications, websites and other digital media properties, to manage and monetize their inventory; applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms, (DSPs), to buy digital advertising inventory; and a transparent, independent marketplace that brings buyers and sellers together and facilitates intelligent decision making and automated transaction execution at scale. The firm's streaming sell-side advertising platform (SSP) and ad server offers CTV sellers a holistic solution for workflow, yield management and monetization, across both programmatic and direct-sold video inventory.

Industry: Services-Computer Programming, Data Processing, Etc. Peers: Advantage Solutions Inc Boston Omaha Corp Thryv Holdings Inc INTEGRAL AD SCIENCE HOLDING CORP. Interpublic Group of Companies Inc PubMatic Inc Stagwell Inc Omnicom Group Inc TechTarget Inc