MGNI

Company Overview — What Does MAGNITE, INC. Do?

Magnite, Inc. operates an independent sell-side advertising platform in the United States and internationally. The company's platform offers applications and services for sellers of digital advertising inventory or publishers that own and operate CTV channels, applications, websites, and other digital media properties, to manage and monetize their inventory; and provides applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory. It markets its technology solutions to buyers and sellers through a sales teams that operate from various locations. The company was formerly known as The Rubicon Project, Inc. and changed name to Magnite, Inc. in July 2020. Magnite, Inc. was incorporated in 2007 and is headquartered in New York, New York. MAGNITE, INC. (MGNI) is classified as a small-cap stock in the Technology sector, specifically within the Computer Software industry. The company is led by CEO Michael G. Barrett and employs approximately 950 people, headquartered in Los Angeles, New York. With a market capitalization of $1.7B, MGNI is one of the notable companies in the Technology sector.

MAGNITE, INC. (MGNI) Stock Rating — Reduce (April 2026)

As of April 2026, MAGNITE, INC. receives a Reduce rating with a composite score of 38.9/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.MGNI ranks #3,193 out of 4,446 stocks in our coverage universe. Within the Technology sector, MAGNITE, INC. ranks #372 of 584 stocks, placing it in the lower half of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

MGNI Stock Price and 52-Week Range

MAGNITE, INC. (MGNI) currently trades at $11.98. The stock gained $0.16 (1.4%) in the most recent trading session. The 52-week high for MGNI is $26.65, which means the stock is currently trading -55.0% from its annual peak. The 52-week low is $8.22, putting the stock 45.7% above its annual trough. Recent trading volume was 1.7M shares, reflecting moderate market activity.

Is MGNI Overvalued or Undervalued? — Valuation Analysis

MAGNITE, INC. (MGNI) carries a value factor score of 60/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 64.97x, compared to the Technology sector average of 45.27x — a premium of 44%. The price-to-book ratio stands at 1.89x, versus the sector average of 3.16x. The price-to-sales ratio is 2.59x, compared to 1.06x for the average Technology stock. On an enterprise value basis, MGNI trades at 37.78x EV/EBITDA, versus 12.79x for the sector.

Overall, MGNI's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.

MAGNITE, INC. Profitability — ROE, Margins, and Quality Score

MAGNITE, INC. (MGNI) earns a quality factor score of 40/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 2.9%, compared to the Technology sector average of -1.4%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at 0.9% versus the sector average of -1.0%.

On a margin basis, MAGNITE, INC. reports gross margins of 61.2%, compared to 50.9% for the sector. The operating margin is 8.8% (sector: -0.5%). Net profit margin stands at 3.7%, versus -1.5% for the average Technology stock. Revenue growth is running at 10.2% on a trailing basis, compared to 14.2% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

MGNI Debt, Balance Sheet, and Financial Health

MAGNITE, INC. has a debt-to-equity ratio of 60.0%, compared to the Technology sector average of 43.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. The current ratio is 1.02x, suggesting adequate working capital coverage. Total debt on the balance sheet is $556M. Cash and equivalents stand at $482M.

MGNI has a beta of 1.77, meaning it is more volatile than the broader market — a $10,000 investment in MGNI would be expected to move 77.2% more than the S&P 500 on any given day. The stability factor score for MAGNITE, INC. is 33/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

MAGNITE, INC. Revenue and Earnings History — Quarterly Trend

In TTM 2026, MAGNITE, INC. reported revenue of $671M and earnings per share (EPS) of $1.01. Net income for the quarter was $27M. Gross margin was 61.2%. Operating income came in at $61M.

In FY 2025, MAGNITE, INC. reported revenue of $714M and earnings per share (EPS) of $1.01. Net income for the quarter was $145M. Gross margin was 62.7%. Revenue grew 6.9% year-over-year compared to FY 2024. Operating income came in at $98M.

In Q3 2025, MAGNITE, INC. reported revenue of $179M and earnings per share (EPS) of $0.14. Net income for the quarter was $20M. Gross margin was 61.4%. Revenue grew 10.8% year-over-year compared to Q3 2024. Operating income came in at $25M.

In Q2 2025, MAGNITE, INC. reported revenue of $173M and earnings per share (EPS) of $0.08. Net income for the quarter was $11M. Gross margin was 62.5%. Revenue grew 6.4% year-over-year compared to Q2 2024. Operating income came in at $22M.

Over the past 8 quarters, MAGNITE, INC. has demonstrated a growth trajectory, with revenue expanding from $163M to $671M. Investors analyzing MGNI stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

MGNI Dividend Yield and Income Analysis

MAGNITE, INC. (MGNI) does not currently pay a dividend. This is common among smaller companies in the Computer Software industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.

MGNI Momentum and Technical Analysis Profile

MAGNITE, INC. (MGNI) has a momentum factor score of 30/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 29/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 43/100 reflects moderate short selling activity.

MGNI vs Competitors — Technology Sector Ranking and Peer Comparison

Within the Technology sector, MAGNITE, INC. (MGNI) ranks #372 out of 584 stocks based on the Blank Capital composite score. This places MGNI in the lower half of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.

Comparing MGNI against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full MGNI vs S&P 500 (SPY) comparison to assess how MAGNITE, INC. stacks up against the broader market across all factor dimensions.

MGNI Next Earnings Date

No upcoming earnings date has been announced for MAGNITE, INC. (MGNI) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy MGNI? — Investment Thesis Summary

The quantitative profile for MAGNITE, INC. suggests caution. The value score of 60/100 suggests attractive pricing relative to fundamentals. Momentum is weak at 30/100, a headwind for near-term performance. High volatility (stability score 33/100) increases portfolio risk.

In summary, MAGNITE, INC. (MGNI) earns a Reduce rating with a composite score of 38.9/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on MGNI stock.

Related Resources for MGNI Investors

Explore more research and tools: MGNI vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare MGNI head-to-head with peers: MGNI vs IHS, MGNI vs VRSN, MGNI vs ESE.