Magnite Inc. (MGNI) Financial Statements (2025 and earlier)

Company Profile

Business Address 1250 BROADWAY
NEW YORK, NY 10001
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments326,219326,254230,401117,67688,88880,452
Cash and cash equivalents326,219326,254230,401117,67688,88880,452
Restricted cash and investments  248240   
Receivables1,176,276976,506927,781471,666217,571205,683
Other undisclosed current assets20,50823,25319,69417,7296,59114,406
Total current assets:1,523,0031,326,2611,178,116607,071313,050300,541
Noncurrent Assets
Operating lease, right-of-use asset60,54978,21176,98639,59921,491
Property, plant and equipment47,37144,96934,06723,68123,66733,487
Intangible assets, net (including goodwill)1,029,2281,231,7181,396,488248,00918,75610,174
Goodwill978,217978,217969,873158,1257,370 
Intangible assets, net (excluding goodwill)51,011253,501426,61589,88411,38610,174
Restricted cash and investments   5255  
Other noncurrent assets6,7297,3836,8624,4402,1031,240
Other undisclosed noncurrent assets21,92623,67120,04116,10516,05314,570
Total noncurrent assets:1,165,8031,385,9521,534,496331,88982,07059,471
TOTAL ASSETS:2,688,8062,712,2132,712,612938,960395,120360,012
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,372,1761,094,3211,000,956509,315259,439239,678
Employee-related liabilities16,23012,4426,7266,133
Accounts payable23,84419,38711,9044,2684,8223,122
Accrued liabilities15,09015,065    
Other undisclosed accounts payable and accrued liabilities1,333,2421,059,869972,822492,605247,891230,423
Debt3,6003,6003,600 7,282 
Other liabilities5,9575,9395,6973,0707781,304
Other undisclosed current liabilities20,40221,17219,1429,813  
Total current liabilities:1,402,1351,125,0321,029,395522,198267,499240,982
Noncurrent Liabilities
Long-term debt and lease obligation532,986722,757720,32332,27815,231 
Long-term debt, excluding current maturities532,986722,757720,023   
Finance lease, liability   300  
Liabilities, other than long-term debt2,3376,79515,9502,8714541,017
Deferred income tax liabilities 6805,07213,303199 
Other liabilities1,6571,7232,6472,6724541,017
Operating lease, liability   32,27815,231
Other undisclosed noncurrent liabilities 49,66566,33166,187   
Total noncurrent liabilities:584,988795,883802,46035,14915,6851,017
Total liabilities:1,987,1231,920,9151,831,855557,347283,184241,999
Equity
Equity, attributable to parent701,683791,298880,757381,613111,936118,013
Common stock222211
Treasury stock, value   (6,007)   
Additional paid in capital1,387,7151,319,2211,282,589777,084453,064433,877
Accumulated other comprehensive loss(2,076)(3,151)(1,376)(957)(45)(259)
Accumulated deficit(683,958)(524,774)(394,451)(394,516)(341,084)(315,606)
Total equity:701,683791,298880,757381,613111,936118,013
TOTAL LIABILITIES AND EQUITY:2,688,8062,712,2132,712,612938,960395,120360,012

Income Statement (P&L) ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues619,710577,069468,413221,628156,414124,685
Cost of revenue(417,371)(307,165)(201,662)(77,747)(57,391)(60,003)
Cost of goods and services sold(409,906)     
Gross profit:202,339269,904266,751143,88199,02364,682
Operating expenses(357,348)(376,137)(338,066)(198,115)(126,606)(128,290)
Other undisclosed operating loss  (6,551)(9,755)   
Operating income (loss):(155,009)(112,784)(81,070)(54,234)(27,583)(63,608)
Nonoperating income (expense)(2,538)(22,813)(13,918)1,4955932,143
Gain (loss), foreign currency transaction, before tax(1,953)1,1291,480(2,220)(481)389
Interest and debt expense26,480     
Income (loss) from continuing operations before equity method investments, income taxes:(131,067)(135,597)(94,988)(52,739)(26,990)(61,465)
Other undisclosed income (loss) from continuing operations before income taxes(26,480)     
Income (loss) from continuing operations before income taxes:(157,547)(135,597)(94,988)(52,739)(26,990)(61,465)
Income tax expense (benefit)(1,637)5,27495,053(693)1,512(357)
Income (loss) from continuing operations:(159,184)(130,323)65(53,432)(25,478)(61,822)
Income (loss) before gain (loss) on sale of properties:65(53,432)(25,478)(61,822)
Net income (loss) available to common stockholders, diluted:(159,184)(130,323)65(53,432)(25,478)(61,822)

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(159,184)(130,323)65(53,432)(25,478)(61,822)
Comprehensive income (loss):(159,184)(130,323)65(53,432)(25,478)(61,822)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,075(1,775)(419)(912)214(300)
Comprehensive income (loss), net of tax, attributable to parent:(158,109)(132,098)(354)(54,344)(25,264)(62,122)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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