Magnite Inc. (MGNI) Income Statement
MGNI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMGNI revenue and net income
Where MGNI's revenue goes
2025Each bar shows an amount and its share of revenue. MGNI kept 20.3% of revenue as net income.
MGNI profit margins
MGNI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +6.9% | +7.4% | +26.4% | +11.1% |
| Gross profit | +9.3% | +18.3% | +25.5% | +8.9% |
| Operating income | +91.4% | — | — | — |
| Net income | +534.7% | — | — | +79.3% |
| EPS (diluted) | +11.4% | +6.8% | +54.0% | −2.7% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MGNI quarterly EPS vs estimates
Magnite beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.16).
MGNI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $714.0M | $668.2M | $619.7M | $577.1M | $468.4M | $221.6M | $156.4M | $124.7M | $155.5M | $278.2M |
| Cost of revenue | $266.6M | $258.8M | $409.9M | $307.2M | $201.7M | $77.7M | $57.4M | $60.0M | $56.8M | $73.2M |
| Gross profit | $447.3M | $409.3M | $209.8M | $269.9M | $266.8M | $143.9M | $99.0M | $64.7M | $98.7M | $205.0M |
| Research & development | $84.7M | $95.2M | $94.3M | $93.8M | $74.4M | $51.5M | $40.2M | $37.9M | $47.5M | $51.2M |
| Sales, general & admin | $264.9M | $263.0M | $263.0M | $281.5M | $235.2M | $129.0M | $84.3M | $87.0M | $107.4M | $151.9M |
| Total operating expenses | $349.6M | $358.2M | $364.8M | $382.7M | $347.8M | $198.1M | $126.6M | $124.8M | $154.9M | $203.1M |
| Operating income | $97.8M | $51.1M | −$155.0M | −$112.8M | −$81.1M | −$54.2M | −$27.6M | −$63.6M | −$157.0M | −$24.9M |
| Interest income | — | — | — | — | — | — | $789,000 | $988,000 | $908,000 | $491,000 |
| Interest expense | $18.9M | $27.0M | $32.4M | $29.3M | $19.8M | $35.8M | $112,000 | $0 | $0 | $491,000 |
| Income before taxes | $70.6M | $26.5M | −$157.5M | −$135.6M | −$95.0M | −$52.7M | −$27.0M | −$61.5M | −$156.5M | −$22.9M |
| Income taxes | −$74.0M | $3.7M | $1.6M | −$5.3M | −$95.1M | $693,000 | −$1.5M | $357,000 | −$1.8M | −$4.9M |
| Net income | $144.6M | $22.8M | −$159.2M | −$130.3M | $65,000 | −$53.4M | −$25.5M | −$61.8M | −$154.8M | −$18.1M |
| EBITDA | $143.2M | $112.0M | $115.6M | $109.7M | $71.7M | $12.6M | $6.6M | −$26.1M | −$30.8M | $44.7M |
| EPS (diluted) | $0.78 | $0.70 | $0.54 | $0.64 | $0.54 | $0.09 | −$0.05 | −$0.86 | −$0.68 | $1.24 |
| Gross margin | 62.7% | 61.3% | 33.9% | 46.8% | 56.9% | 64.9% | 63.3% | 51.9% | 63.5% | 73.7% |
| Operating margin | 13.7% | 7.6% | −25.0% | −19.5% | −17.3% | −24.5% | −17.6% | −51.0% | −100.9% | −8.9% |
| Net margin | 20.3% | 3.4% | −25.7% | −22.6% | 0.0% | −24.1% | −16.3% | −49.6% | −99.5% | −6.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $192.8M | $164.4M | $205.4M | $179.5M | $173.3M | $155.8M | $194.0M | $162.0M | $162.9M | $149.3M | $186.9M | $150.1M |
| Cost of revenue | $62.0M | $60.4M | $69.5M | $69.4M | $65.0M | $62.8M | $67.8M | $62.5M | $62.6M | $65.9M | $70.0M | $84.9M |
| Gross profit | $130.8M | $104.0M | $135.8M | $110.1M | $108.4M | $93.0M | $126.2M | $99.5M | $100.3M | $83.4M | $116.9M | $65.2M |
| Research & development | $24.1M | $25.2M | $20.6M | $20.2M | $21.6M | $22.3M | $22.3M | $20.3M | $25.8M | $26.9M | $23.2M | $23.5M |
| Sales, general & admin | $75.4M | $71.1M | $63.1M | $64.9M | $64.8M | $72.0M | $63.7M | $64.1M | $64.9M | $70.4M | $58.6M | $59.5M |
| Total operating expenses | $99.6M | $96.2M | $83.7M | $85.1M | $86.4M | $94.3M | $86.0M | $84.3M | $90.7M | $97.2M | $81.8M | $83.0M |
| Operating income | $31.2M | $7.7M | $52.1M | $25.0M | $22.0M | −$1.4M | $40.2M | $15.1M | $9.6M | −$13.8M | $35.1M | −$17.8M |
| Interest income | $1.3M | $2.5M | — | $3.2M | $2.7M | $3.2M | — | — | $3.4M | $2.5M | — | — |
| Interest expense | $7.6M | $7.0M | $7.5M | $7.9M | $7.8M | $8.4M | $5.4M | $6.8M | $6.8M | $8.0M | $8.1M | $7.6M |
| Income before taxes | $25.5M | $3.7M | $48.1M | $20.9M | $12.1M | −$10.5M | $42.3M | $6.2M | $3.5M | −$25.6M | $33.2M | −$18.4M |
| Income taxes | $6.2M | −$681,000 | −$75.0M | $885,000 | $958,000 | −$853,000 | $5.9M | $1.0M | $4.6M | −$7.8M | $2.2M | −$967,000 |
| Net income | $19.4M | $4.4M | $123.0M | $20.1M | $11.1M | −$9.6M | $36.4M | $5.2M | −$1.1M | −$17.8M | $30.9M | −$17.5M |
| EBITDA | $47.7M | $25.1M | $56.4M | $41.2M | $32.1M | $13.5M | $63.9M | $27.6M | $27.9M | −$1.5M | $58.1M | $28.4M |
| EPS (diluted) | $0.15 | $0.13 | $0.34 | $0.12 | $0.20 | $0.12 | $0.34 | $0.17 | $0.14 | $0.05 | $0.29 | $0.12 |
| Gross margin | 67.8% | 63.2% | 66.2% | 61.4% | 62.5% | 59.7% | 65.1% | 61.4% | 61.6% | 55.9% | 62.5% | 43.4% |
| Operating margin | 16.2% | 4.7% | 25.4% | 14.0% | 12.7% | −0.9% | 20.7% | 9.3% | 5.9% | −9.3% | 18.8% | −11.9% |
| Net margin | 10.0% | 2.7% | 59.9% | 11.2% | 6.4% | −6.2% | 18.8% | 3.2% | −0.7% | −11.9% | 16.5% | −11.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MGNI's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MGNI financial results
In fiscal year 2025 (ended December 31, 2025), Magnite reported revenue of $714.0 million, up 6.9% from the year before. It had net income of $144.6 million (up 534.7%), a net profit margin of 20.3%. Diluted earnings per share came to $0.78. Over five years revenue grew at an average rate of 26.4% a year.
See the MGNI stock overview for the latest quote and news, or the MGNI chart for price history and technical indicators.
MGNI income statement FAQ
What is Magnite's annual revenue?
Magnite reported total revenue of $714.0 million for fiscal year 2025, which ended on December 31, 2025. That was up 6.9% from $668.2 million the previous year.
Is Magnite profitable?
Yes. Magnite reported net income of $144.6 million in fiscal 2025, a net profit margin of 20.3%; its operating margin was 13.7%.
What is Magnite's gross margin?
Magnite's gross margin was 62.7% in fiscal 2025: for every $100 of revenue, Magnite kept $63 after the direct cost of its products and services.
How much does Magnite spend on research and development?
Magnite spent $84.7 million on research and development in fiscal 2025, 11.9% of revenue.
How fast is Magnite growing?
Revenue grew 26.4% a year on average over the last five fiscal years, from $221.6 million to $714.0 million.
What are Magnite's earnings per share?
Magnite earned $0.78 per diluted share in fiscal 2025, compared with $0.70 a year earlier.
When will Magnite report its next earnings?
Magnite is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Magnite's fiscal year end?
Magnite's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 25, 2026.