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MGNI - Magnite, Inc.

NASDAQ -> Communication Services -> Advertising Agencies
New York, United States
Type: Equity

MGNI price evolution
MGNI
(in millions $) 30 Oct 2024 30 Jun 2024 31 Mar 2024 31 Dec 2023
Current assets
Cash $326.46 $252.83 $326.22
Short term investments
Net receivables $1163.8 $1122.4 $999.85 $1176.28
Inventory
Total current assets $1573.37 $1468.24 $1273.45 $1523
Long term investments
Property, plant & equipment $122.12 $124.97 $119.53 $107.92
Goodwill & intangible assets $1038.99 $1044.76 $1051.15
Total noncurrent assets $1174.97 $1180.62 $1165.8
Total investments
Total assets $2737.87 $2643.2 $2454.07 $2688.81
Current liabilities
Accounts payable $1366.5 $1299.23 $1123.41 $1372.18
Deferred revenue
Short long term debt $23.66 $23.55 $24
Total current liabilities $1413.62 $1329.11 $1154.69 $1402.13
Long term debt $550.17 $599.32 $602.14 $582.65
Total noncurrent liabilities $601.13 $604 $584.99
Total debt $622.98 $625.69 $606.65
Total liabilities $2011.99 $1930.24 $1758.69 $1987.12
Shareholders' equity
Retained earnings -$697.58 -$702.79 -$701.72 -$683.96
Other shareholder equity -$1.09 -$3.18 -$3.09 -$2.08
Total shareholder equity $712.96 $695.38 $701.68
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $326.22 $326.25 $230.4 $117.68
Short term investments
Net receivables $1176.28 $976.51 $927.78 $471.67
Inventory
Total current assets $1523 $1326.26 $1178.12 $607.07
Long term investments
Property, plant & equipment $107.92 $123.18 $111.05 $63.28
Goodwill & intangible assets $1051.15 $1255.39 $1416.58 $264.17
Total noncurrent assets $1165.8 $1385.95 $1534.5 $331.89
Total investments
Total assets $2688.81 $2712.21 $2712.61 $938.96
Current liabilities
Accounts payable $1372.18 $1076.94 $1000.96 $509.31
Deferred revenue
Short long term debt $24 $24.77 $22.74 $9.81
Total current liabilities $1402.13 $1125.03 $1029.39 $522.2
Long term debt $582.65 $722.76 $786.51 $32.28
Total noncurrent liabilities $584.99 $795.88 $802.46 $35.15
Total debt $606.65 $813.86 $809.25 $42.09
Total liabilities $1987.12 $1920.91 $1831.86 $557.35
Shareholders' equity
Retained earnings -$683.96 -$524.77 -$394.45 -$394.52
Other shareholder equity -$2.08 -$3.15 -$1.38 -$0.96
Total shareholder equity $701.68 $791.3 $880.76 $381.61
(in millions $) 30 Oct 2024 30 Jun 2024 31 Mar 2024 31 Dec 2023
Revenue
Total revenue $162 $162.88 $149.32 $186.93
Cost of revenue $62.61 $65.9 $70.03
Gross Profit $99.46 $100.27 $83.42 $116.91
Operating activities
Research & development $25.83 $26.89 $23.18
Selling, general & administrative $64.87 $70.35 $58.6
Total operating expenses $84.34 $90.7 $97.25 $81.78
Operating income $9.57 -$13.83 $35.12
Income from continuing operations
EBIT $10.34 -$17.61 $41.26
Income tax expense $1.03 $4.63 -$7.81 $2.25
Interest expense -$9.87 $6.79 $7.96 $8.1
Net income
Net income $5.21 -$1.08 -$17.76 $30.91
Income (for common shares) -$1.08 -$17.76 $30.91
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $619.71 $577.07 $468.41 $221.63
Cost of revenue $409.91 $307.17 $201.66 $77.75
Gross Profit $209.8 $269.9 $266.75 $143.88
Operating activities
Research & development $94.32 $93.76 $74.45 $51.55
Selling, general & administrative $263.03 $281.46 $235.19 $129.02
Total operating expenses $364.81 $382.69 $347.82 $198.12
Operating income -$155.01 -$112.78 -$81.07 -$54.23
Income from continuing operations
EBIT -$125.18 -$106.34 -$75.14 -$52.79
Income tax expense $1.64 -$5.27 -$95.05 $0.69
Interest expense $32.37 $29.26 $19.85 -$0.05
Net income
Net income -$159.18 -$130.32 $0.07 -$53.43
Income (for common shares) -$159.18 -$130.32 $0.07 -$53.43
(in millions $) 30 Oct 2024 30 Jun 2024 31 Mar 2024 31 Dec 2023
Net income -$1.08 -$17.76 $30.91
Operating activities
Depreciation $13.55 $13.02 $15.91
Business acquisitions & disposals
Stock-based compensation $19.66 $20.83 $17.16
Total cash flows from operations $89.57 -$60.41 $89.08
Investing activities
Capital expenditures -$13.3 -$9.25 -$12.04
Investments
Total cash flows from investing -$40.67 -$13.3 -$9.25 -$12.04
Financing activities
Dividends paid
Sale and purchase of stock $2.17 $1.6
Net borrowings -$0.91 $5.84 -$61.63
Total cash flows from financing -$19.45 -$2.54 -$3.1 -$62.16
Effect of exchange rate $0.64 -$0.09 -$0.62 $0.78
Change in cash and equivalents $61.03 $73.63 -$73.39 $15.66
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income -$159.18 -$130.32 $0.07 -$53.43
Operating activities
Depreciation $239.11 $217.54 $146.54 $48.46
Business acquisitions & disposals -$20.75 -$661.87 $54.59
Stock-based compensation $72.62 $64.12 $40.73 $28.49
Total cash flows from operations $214.37 $192.55 $126.59 -$12.06
Investing activities
Capital expenditures -$37.38 -$44.4 -$29.13 -$21.96
Investments
Total cash flows from investing -$37.38 -$65.15 -$691 $32.64
Financing activities
Dividends paid
Sale and purchase of stock $5.68 -$9.69 $7.13 $15.21
Net borrowings -$169.39 -$4.41 $716.38
Total cash flows from financing -$177.84 -$30.17 $678.05 $7.35
Effect of exchange rate $0.57 -$1.42 -$0.68 $0.92
Change in cash and equivalents -$0.28 $95.81 $112.96 $28.84
News
Here’s Crossroads Capital’s Views on Magnite (MGNI)
Insider Monkey · via Yahoo Finance 18 Dec 2024
Magnite, Inc. (MGNI): A Bull Case Theory
Insider Monkey · via Yahoo Finance 15 Dec 2024
Why Is Magnite, Inc. (MGNI) Among The Best Advertising Stocks to Buy According...
Insider Monkey · via Yahoo Finance 6 Dec 2024
Why Magnite, Inc. (MGNI) Is One of the Best AdTech Stocks to Buy?
Insider Monkey · via Yahoo Finance 30 Nov 2024
Magnite, Inc. (NASDAQ:MGNI) Shares Could Be 46% Below Their Intrinsic Value...
Simply Wall St. · via Yahoo Finance 29 Nov 2024
Magnite Inc (NASDAQ:MGNI): A Bullish Investment Perspective
Insider Monkey · via Yahoo Finance 22 Nov 2024
Why is Magnite, Inc. (MGNI) the Worst Advertising Stock to Buy According to...
Insider Monkey · via Yahoo Finance 2 Oct 2024
Is Magnite, Inc. (MGNI) the Worst AdTech Stock to Buy Now?
Insider Monkey · via Yahoo Finance 15 Sep 2024
Is There An Opportunity With Magnite, Inc.'s (NASDAQ:MGNI) 49% Undervaluation?
Simply Wall St. · via Yahoo Finance 26 Jun 2024
Insider Sale: Chief Revenue Officer Sean Buckley Sells Shares of Magnite Inc...
GuruFocus.com · via Yahoo Finance 21 Jun 2024
Fundamentals
Market cap $2.31B
Enterprise value N/A
Shares outstanding 141.15M
Revenue $661.13M
EBITDA N/A
EBIT N/A
Net Income $17.29M
Revenue Q/Q 7.94%
Revenue Y/Y 8.71%
P/E ratio 133.37
EV/Sales N/A
EV/EBITDA N/A
EV/EBIT N/A
P/S ratio 3.49
P/B ratio N/A
Book/Share N/A
Cash/Share N/A
EPS $0.12
ROA 0.66%
ROE N/A
Debt/Equity 2.83
Net debt/EBITDA N/A
Current ratio 1.11
Quick ratio N/A