Magnite Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Magnite Inc. reported revenue of $714.0M (+6.9% year on year) and net income of $144.6M (+534.7% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenue | $714.0M | $668.2M | $619.7M | $577.1M |
| Cost of revenue | $266.6M | $258.8M | $409.9M | $307.2M |
| Sales and marketing | $171.7M | $166.1M | $174.0M | $200.1M |
| Technology and development | $84.7M | $95.2M | $94.3M | $93.8M |
| General and administrative | $93.2M | $96.9M | $89.0M | $81.4M |
| Merger, acquisition, and restructuring costs | $162.0K | $0 | $7.5M | $7.5M |
| Total expenses | $616.4M | $617.1M | $774.7M | $689.9M |
| Income (loss) from operations | $97.6M | $51.1M | ($155.0M) | ($112.8M) |
| Interest expense, net | $18.9M | $27.0M | $32.4M | — |
| Foreign exchange (gain) loss, net | $7.0M | ($5.1M) | $2.0M | ($1.1M) |
| (Gain) loss on extinguishment of debt | $2.2M | $7.7M | ($26.5M) | — |
| Other income | ($1.1M) | ($5.1M) | ($5.3M) | ($5.3M) |
| Total other expense, net | $27.0M | $24.6M | $2.5M | $22.8M |
| Income (loss) before income taxes | $70.6M | $26.5M | ($157.5M) | ($135.6M) |
| Provision (benefit) for income taxes | ($74.0M) | $3.7M | $1.6M | ($5.3M) |
| Net income (loss) | $144.6M | $22.8M | ($159.2M) | ($130.3M) |
| Basic (in USD per share) | $1.01 | $0.16 | -$1.17 | -$0.98 |
| Diluted (in USD per share) | $0.95 | $0.16 | -$1.17 | -$0.98 |
| Basic (in shares) | 142.6M | 140.6M | 136.6M | 132.9M |
| Diluted (in shares) | 153.8M | 146.8M | 136.6M | 132.9M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Revenue | $192.8M | $164.4M | $179.5M | $173.3M |
| Cost of revenue | $62.0M | $60.4M | $69.4M | $65.0M |
| Sales and marketing | $47.0M | $46.1M | $40.3M | $42.3M |
| Technology and development | $24.1M | $25.2M | $20.2M | $21.6M |
| General and administrative | $28.4M | $25.0M | $24.6M | $22.5M |
| Total expenses | $161.6M | $156.7M | $154.5M | $151.4M |
| Income from operations | $31.2M | $7.7M | $25.0M | $22.0M |
| Interest expense, net | $6.3M | $4.6M | $4.7M | $5.1M |
| Foreign exchange (gain) loss, net | ($223.0K) | ($147.0K) | ($416.0K) | $4.9M |
| Loss on extinguishment of debt | $0 | $0 | $0 | $0 |
| Other income | ($416.0K) | ($422.0K) | ($154.0K) | ($153.0K) |
| Total other expense, net | $5.7M | $4.0M | $4.1M | $9.9M |
| Income before income taxes | $25.5M | $3.7M | $20.9M | $12.1M |
| Provision for income taxes | $6.2M | ($681.0K) | $885.0K | $958.0K |
| Net income | $19.4M | $4.4M | $20.1M | $11.1M |
| Basic (in dollars per share) | $0.14 | $0.03 | $0.14 | $0.08 |
| Diluted (in dollars per share) | $0.13 | $0.03 | $0.13 | $0.08 |
| Basic (in shares) | 143.0M | 143.5M | 143.0M | 141.7M |
| Diluted (in shares) | 147.2M | 148.1M | 153.2M | 148.3M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $553.4M | $483.2M | $326.2M | $326.3M |
| Accounts receivable, net | $1.3B | $1.2B | $1.2B | $976.5M |
| Prepaid expenses and other current assets | $26.3M | $19.9M | $20.5M | $23.5M |
| TOTAL CURRENT ASSETS | $1.9B | $1.7B | $1.5B | $1.3B |
| Property and equipment, net | $108.5M | $68.7M | $47.4M | $45.0M |
| Right-of-use lease assets | $66.6M | $50.3M | $60.5M | $78.2M |
| Internal use software development costs, net | $28.8M | $26.6M | $21.9M | $23.7M |
| Intangible assets, net | $12.4M | $21.3M | $51.0M | $253.5M |
| Goodwill | $983.9M | $978.2M | $978.2M | $978.2M |
| Other assets, non-current | $82.5M | $6.4M | $6.7M | $7.4M |
| TOTAL ASSETS | $3.2B | $2.9B | $2.7B | $2.7B |
| Accounts payable and accrued expenses | $1.6B | $1.5B | $1.4B | $1.1B |
| Lease liabilities, current | $20.2M | $16.1M | $20.4M | — |
| Debt, current, net of debt issuance costs | $208.4M | $3.6M | $3.6M | $3.6M |
| Other current liabilities | $5.5M | $9.9M | $6.0M | $5.9M |
| TOTAL CURRENT LIABILITIES | $1.8B | $1.5B | $1.4B | $1.1B |
| Debt, non-current, net of debt discount and issuance costs | $347.7M | $550.1M | $533.0M | $722.8M |
| Lease liabilities, non-current | $50.1M | $39.0M | $49.7M | $66.3M |
| Other liabilities, non-current | $2.5M | $1.5M | $1.7M | $1.7M |
| TOTAL LIABILITIES | $2.2B | $2.1B | $2.0B | $1.9B |
| Preferred stock, $0.00001 par value, 10,000 shares authorized at December 31, 2025 and December 31, 2024; 0 shares issued and outstanding at December 31, 2025 and December 31, 2024 | 0 | 0 | 0 | 0 |
| Common stock, $0.00001 par value; 500,000 shares authorized at December 31, 2025 and December 31, 2024; 142,964 and 141,427 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | 2.0K | 2.0K | 2.0K | 2.0K |
| Additional paid-in capital | $1.4B | $1.4B | $1.4B | $1.3B |
| Accumulated other comprehensive loss | ($1.5M) | ($4.4M) | ($2.1M) | ($3.2M) |
| Accumulated deficit | ($516.6M) | ($661.2M) | ($684.0M) | ($524.8M) |
| TOTAL STOCKHOLDERS' EQUITY | $922.4M | $768.2M | $701.7M | $791.3M |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $3.2B | $2.9B | $2.7B | $2.7B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $332.6M | $184.6M | $482.1M | $426.0M |
| Accounts receivable, net | $1.4B | $1.4B | $1.2B | $1.3B |
| Prepaid expenses and other current assets | $30.0M | $32.3M | $27.9M | $27.5M |
| TOTAL CURRENT ASSETS | $1.7B | $1.6B | $1.7B | $1.8B |
| Property and equipment, net | $116.0M | $115.9M | $97.0M | $89.5M |
| Right-of-use lease assets | $62.3M | $74.7M | $65.5M | $58.4M |
| Internal use software development costs, net | $31.1M | $29.4M | $28.1M | $27.3M |
| Intangible assets, net | $7.3M | $9.8M | $15.1M | $11.0M |
| Goodwill | $983.9M | $983.9M | $983.9M | $978.2M |
| Other assets, non-current | $85.7M | $85.3M | $5.6M | $6.2M |
| TOTAL ASSETS | $3.0B | $2.9B | $2.9B | $2.9B |
| Accounts payable and accrued expenses | $1.7B | $1.6B | $1.5B | $1.5B |
| Lease liabilities, current | $23.9M | $21.7M | $20.2M | $19.4M |
| Debt, current, net of debt issuance costs | $3.6M | $3.6M | $208.2M | $207.9M |
| Other current liabilities | $9.3M | $5.9M | $4.9M | $7.3M |
| TOTAL CURRENT LIABILITIES | $1.7B | $1.6B | $1.7B | $1.8B |
| Debt, non-current, net of debt discount and issuance costs | $346.8M | $347.2M | $348.1M | $348.6M |
| Lease liabilities, non-current | $42.7M | $57.1M | $48.8M | $43.4M |
| Other liabilities, non-current | $3.3M | $3.4M | $2.8M | $1.8M |
| TOTAL LIABILITIES | $2.1B | $2.0B | $2.1B | $2.2B |
| Preferred stock, $0.00001 par value, 10,000 shares authorized at June 30, 2026 and December 31, 2025; 0 shares issued and outstanding at June 30, 2026 and December 31, 2025 | 0 | 0 | 0 | 0 |
| Common stock, $0.00001 par value; 500,000 shares authorized at June 30, 2026 and December 31, 2025; 143,382 and 142,964 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively | 2.0K | 2.0K | 2.0K | 2.0K |
| Additional paid-in capital | $1.4B | $1.4B | $1.4B | $1.4B |
| Accumulated other comprehensive loss | ($1.4M) | ($1.5M) | ($1.5M) | ($1.1M) |
| Accumulated deficit | ($492.8M) | ($512.1M) | ($639.6M) | ($659.7M) |
| TOTAL STOCKHOLDERS' EQUITY | $936.3M | $917.9M | $808.0M | $768.5M |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $3.0B | $2.9B | $2.9B | $2.9B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income (loss) | $144.6M | $22.8M | ($159.2M) | ($130.3M) |
| Depreciation and amortization | $53.7M | $58.5M | $240.8M | $216.1M |
| Stock-based compensation | $76.6M | $76.5M | $72.6M | $64.1M |
| (Gain) loss on extinguishment of debt | $2.2M | $7.7M | ($26.5M) | — |
| Provision for doubtful accounts | $1.1M | $587.0K | $4.7M | ($163.0K) |
| Amortization of debt discount and issuance costs | $3.6M | $4.1M | $6.3M | $6.8M |
| Non-cash lease expense | ($1.5M) | ($4.8M) | ($1.7M) | $1.5M |
| Deferred income taxes | ($78.2M) | $95.0K | ($2.4M) | ($8.8M) |
| Unrealized foreign currency (gain) loss, net | $5.6M | ($7.0M) | $1.3M | ($271.0K) |
| Other items, net | $124.0K | $23.0K | $2.7M | $0 |
| Accounts receivable | ($103.8M) | ($26.0M) | ($220.1M) | ($46.3M) |
| Prepaid expenses and other assets | ($6.4M) | $2.0M | $1.0M | ($4.2M) |
| Accounts payable and accrued expenses | $142.6M | $97.4M | $294.7M | $91.4M |
| Other liabilities | ($4.1M) | $3.3M | ($112.0K) | ($389.0K) |
| Net cash provided by operating activities | $236.2M | $235.2M | $214.4M | $192.6M |
| Purchases of property and equipment | ($70.5M) | ($32.8M) | ($26.8M) | ($30.8M) |
| Capitalized internal use software development costs | ($13.8M) | ($14.3M) | ($10.6M) | ($13.6M) |
| Mergers and acquisitions, net of indemnification claims holdback | ($8.1M) | $0 | $0 | ($20.8M) |
| Other investing activities | ($362.0K) | ($432.0K) | — | — |
| Net cash used in investing activities | ($92.8M) | ($47.5M) | ($37.4M) | ($65.2M) |
| Proceeds from the term loan facility refinancing and repricing activities, net of debt discount | $92.6M | $413.5M | — | — |
| Repayment of the term loan facility from refinancing and repricing activities | ($92.6M) | ($403.1M) | — | — |
| Payment for debt issuance costs | ($159.0K) | ($4.5M) | $0 | $0 |
| Repayment of debt | ($2.7M) | ($1.8M) | ($3.6M) | ($3.6M) |
| Repurchase of Convertible Senior Notes | $0 | $0 | ($165.5M) | — |
| Proceeds from exercise of stock options | $3.1M | $572.0K | $2.2M | $2.2M |
| Proceeds from issuance of common stock under employee stock purchase plan | 3.9M | 3.6M | 3.5M | 3.7M |
| Taxes paid related to net share settlement | ($32.9M) | ($22.5M) | ($11.8M) | ($14.5M) |
| Purchase of treasury stock | ($46.3M) | ($14.6M) | $0 | ($15.7M) |
| Repayment of finance leases | $0 | $0 | ($276.0K) | ($807.0K) |
| Payment of indemnification claims holdback | $0 | $0 | ($2.3M) | ($1.6M) |
| Net cash used in financing activities | ($75.1M) | ($28.9M) | ($177.8M) | ($30.2M) |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH, AND CASH EQUIVALENTS | $1.8M | ($1.8M) | $575.0K | ($1.4M) |
| CHANGE IN CASH AND CASH EQUIVALENTS | $70.1M | $157.0M | ($283.0K) | $95.8M |
| CASH AND CASH EQUIVALENTS — Beginning of period | $483.2M | $326.2M | $326.5M | $230.7M |
| CASH AND CASH EQUIVALENTS — End of period | $553.4M | — | — | — |
| Cash paid for income taxes | $3.8M | $3.9M | $5.4M | $4.9M |
| Cash paid for interest | $28.2M | $36.9M | $37.0M | $26.3M |
| Capitalized assets financed by accounts payable and accrued expenses and other liabilities | $438.0K | $6.7M | $1.7M | $1.3M |
| Capitalized stock-based compensation | $2.1M | $2.5M | $2.0M | $2.7M |
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | $37.6M | $13.6M | $4.0M | $20.1M |
| Operating lease right-of-use assets reduction and corresponding non-cash adjustment to operating lease liabilities | $2.2M | $4.6M | — | — |
| Purchase consideration - indemnification claims holdback | $2.0M | $0 | $0 | $2.3M |
| Non-cash financing activity related to Amendment Nos. 1 and 2 to the 2024 Credit Agreement | $270.6M | $312.0M | — | — |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $23.8M | $4.4M | $21.6M | $1.5M |
| Depreciation and amortization | $28.9M | $14.4M | $40.1M | $27.8M |
| Stock-based compensation | $39.3M | $19.7M | $58.8M | $40.8M |
| Loss on extinguishment of debt | $0 | $0 | $2.2M | $2.2M |
| Amortization of debt discount and issuance costs | $1.4M | $848.0K | $2.8M | $1.9M |
| Non-cash lease expense | $655.0K | $527.0K | ($1.6M) | ($942.0K) |
| Deferred income taxes | ($1.2M) | ($1.2M) | ($1.3M) | $316.0K |
| Unrealized foreign currency (gain) loss, net | ($4.1M) | ($3.0M) | $4.4M | $6.6M |
| Other items, net | ($370.0K) | ($23.0K) | $619.0K | $102.0K |
| Accounts receivable | ($82.0M) | ($129.3M) | ($16.3M) | ($102.2M) |
| Prepaid expenses and other assets | ($6.3M) | ($8.0M) | ($7.4M) | ($6.4M) |
| Accounts payable and accrued expenses | $60.0M | ($21.4M) | $9.9M | $52.3M |
| Other liabilities | $5.7M | $2.3M | ($5.8M) | ($2.7M) |
| Net cash provided by operating activities | $65.9M | ($120.8M) | $107.7M | $21.1M |
| Purchases of property and equipment | ($21.5M) | ($9.4M) | ($45.1M) | ($26.9M) |
| Capitalized internal use software development costs | ($8.1M) | ($3.7M) | ($10.1M) | ($6.4M) |
| Net cash used in investing activities | ($29.6M) | ($13.1M) | ($63.7M) | ($33.3M) |
| Proceeds from the Term Loan B Facility refinancing and repricing activities, net of debt discount | $0 | $0 | $92.6M | $92.6M |
| Repayment of the Term Loan B Facility from refinancing and repricing activities | $0 | $0 | ($92.6M) | ($92.6M) |
| Proceeds from the Revolving Credit Facility | $60.0M | — | — | — |
| Repayment of the Revolving Credit Facility | ($60.0M) | — | — | — |
| Payment for debt issuance costs | $0 | $0 | ($159.0K) | ($159.0K) |
| Repayment of the Term Loan B Facility | ($1.8M) | ($908.0K) | — | — |
| Repayment of convertible senior notes | ($205.1M) | ($205.1M) | — | — |
| Proceeds from exercise of stock options | $4.0M | $26.0K | $3.0M | $1.7M |
| Proceeds from issuance of common stock under employee stock purchase plan | 2.4M | — | 2.1M | 2.1M |
| Purchase of treasury stock | ($35.5M) | ($14.5M) | ($22.9M) | ($22.9M) |
| Taxes paid related to net share settlement | ($21.4M) | ($14.6M) | ($27.3M) | ($27.3M) |
| Net cash used in financing activities | ($257.4M) | ($235.1M) | ($47.0M) | ($47.4M) |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | $392.0K | $249.0K | $2.0M | $2.3M |
| CHANGE IN CASH AND CASH EQUIVALENTS | ($220.7M) | ($368.7M) | ($1.1M) | ($57.2M) |
| CASH AND CASH EQUIVALENTS — Beginning of period | $553.4M | $553.4M | $483.2M | $483.2M |
| CASH AND CASH EQUIVALENTS — End of period | $332.6M | $184.6M | — | — |
| Cash paid for income taxes | $2.1M | $303.0K | $2.8M | $2.0M |
| Cash paid for interest | $12.9M | $6.3M | $21.7M | $14.5M |
| Capitalized assets financed by accounts payable and accrued expenses and other liabilities | $2.9M | $6.7M | $7.0M | $11.7M |
| Capitalized stock-based compensation | $1.3M | $590.0K | $1.5M | $948.0K |
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | $15.5M | $13.8M | $31.0M | $18.7M |
| Operating lease right-of-use assets reduction and corresponding non-cash adjustment to operating lease liabilities | $8.1M | ($150.0K) | $2.1M | $2.1M |
| Non-cash financing activity related to Amendment Nos. 1 and 2 to the 2024 Credit Agreement | $0 | $0 | $270.6M | $270.6M |
Magnite Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.