Magnite Balance Sheet Health
Financial Health criteria checks 5/6
Magnite has a total shareholder equity of $922.4M and total debt of $556.1M, which brings its debt-to-equity ratio to 60.3%. Its total assets and total liabilities are $3.2B and $2.2B respectively. Magnite's EBIT is $97.8M making its interest coverage ratio 5.2. It has cash and short-term investments of $553.4M.
Key information
60.29%
Debt to equity ratio
US$556.11m
Debt
| Interest coverage ratio | 5.2x |
| Cash | US$553.36m |
| Equity | US$922.35m |
| Total liabilities | US$2.24b |
| Total assets | US$3.16b |
Recent financial health updates
Magnite (NASDAQ:MGNI) Seems To Use Debt Quite Sensibly
Jul 14
Is Magnite (NASDAQ:MGNI) A Risky Investment?
Jan 31Is Magnite (NASDAQ:MGNI) Using Too Much Debt?
Oct 24Recent updates
MGNI: CTV Momentum And Buybacks Will Drive Future Upside Potential
The analyst price target for Magnite has been revised lower by several firms to a range of about $16 to $30. Analysts cited solid recent results, reaffirmed guidance, and accelerating CTV trends, but also pointed to a reset in adtech valuation multiples and the need for broader market sentiment to improve before the stock can re-rate.MGNI: CTV Acceleration And Share Repurchases Will Support Future Upside Potential
Analysts have trimmed Magnite's price targets into a $16 to $30 range. The updated fair value framework now reflects slightly higher discount and P/E assumptions as they balance strong recent execution with more cautious sector multiples.Magnite: Managing The Balance Between The Legacy Decline And CTV Growth
Mar 25
MGNI: CTV Momentum And Buybacks Will Support Higher Future Multiple
Narrative Update on Magnite The updated analyst price target for Magnite has shifted alongside a lower modeled fair value and P/E multiple, with price objectives across the Street now clustering in a reduced $16 to $30 range. Analysts attribute this to strong recent execution, combined with a reset in digital adtech and broader market multiples.MGNI: Expanding CTV Partnerships And Share Buybacks Will Drive Future Upside
Our Magnite fair value estimate has been reset lower to about $22 from $26.57 as analysts trimmed price targets, largely reflecting lower sector P/E multiples, even as they point to solid recent results and continued CTV growth potential. Analyst Commentary Recent Street research around Magnite clusters around a similar message, with lower price targets tied largely to sector P/E compression, even as analysts point to solid execution and continued potential in connected TV, or CTV.MGNI: Expanding Premium Streaming Partnerships Will Drive Future Upside
Analysts have modestly adjusted their price target on Magnite from about $26.86 to about $26.57, reflecting updated assumptions for the discount rate, revenue growth, profit margin and future P/E. What's in the News The New York Times Advertising selected Magnite's DV+ as the preferred platform for private marketplace deals for its mobile in-app ad supply, giving advertisers access to premium audiences across The New York Times portfolio with a focus on campaign outcomes in mobile in-app environments (Key Developments).MGNI: Expanding CTV And Live Content Partnerships Will Drive Future Upside
Analysts have nudged their price target on Magnite slightly higher to reflect updated assumptions around discount rate, revenue growth and profit margins, while also expecting a modestly lower future P/E multiple. This suggests a more refined view of the company’s risk and earnings profile rather than a major shift in outlook.More Unpleasant Surprises Could Be In Store For Magnite, Inc.'s (NASDAQ:MGNI) Shares After Tumbling 28%
Feb 04MGNI: Streaming Partnerships Will Support Higher Future Multiple Despite Softer Forecasts
Analysts have nudged their fair value estimate for Magnite to about $36.56 from roughly $36.15, reflecting updated views on revenue growth, profit margins, and a higher assumed future P/E multiple near 68x. What's in the News America's Test Kitchen selected Magnite and PubMatic to power programmatic monetization across its Free Ad-Supported Streaming TV channels on major connected TV platforms, giving brands access to 24/7 cooking content and younger streaming focused households (Key Developments).MGNI: Expanding ClearLine And CTV Partnerships Will Drive Future Upside
Analysts have kept their price target for Magnite broadly steady at around US$26.86, with only slight tweaks to assumptions such as the discount rate and future P/E. These reflect fine tuning rather than a major shift in their view of the stock.MGNI: Expanding Publisher Partnerships Will Drive Future Upside Amid Emerging AI Ad Competition
Analysts have nudged their price target for Magnite slightly higher to approximately $26.86 per share, citing a modestly lower discount rate and marginally improved long term profit margin expectations that offset a softer projected revenue growth trajectory. What's in the News OpenAI is building in-house ad infrastructure for ChatGPT, highlighting long-term competition and partnership opportunities across ad tech platforms that include Magnite.MGNI: Expanding Publisher Partnerships Will Drive Future Upside Despite Emerging AI Ad Competition
Analysts have nudged their price target for Magnite slightly higher to reflect marginal improvements in the discount rate and long term profitability assumptions, while keeping their fair value estimate essentially unchanged at approximately 26.86 dollars per share. What's in the News Magnite launches Live Scheduler within its SpringServe platform to help media owners standardize, package, and measure ad opportunities around live events, improving visibility and planning for buyers and DSPs such as Amazon DSP.MGNI: Expanding Publisher Partnerships Will Drive Opportunities Despite Intensifying Ad Platform Competition
Analysts have revised Magnite's price target downward from $28.19 to $26.86, citing reduced revenue growth expectations and lower profit margin forecasts as key factors in the updated valuation. What's in the News Magnite introduces Live Scheduler, a first-of-its-kind tool within SpringServe.Magnite, Inc.'s (NASDAQ:MGNI) 25% Cheaper Price Remains In Tune With Earnings
Nov 18Long-term CTV Expansion Will Unlock Digital Advertising Opportunities
The upward revision in Magnite’s consensus price target reflects improved revenue growth forecasts, despite a higher future P/E, raising fair value from $26.19 to $27.58. What's in the News Magnite partnered with REMAX to monetize its digital inventory and leverage proprietary homebuyer data, enabling brands to target high-intent audiences in the real estate sector.Magnite (NASDAQ:MGNI) Seems To Use Debt Quite Sensibly
Jul 14Is Magnite, Inc. (NASDAQ:MGNI) Trading At A 39% Discount?
Jun 18Optimistic Investors Push Magnite, Inc. (NASDAQ:MGNI) Shares Up 30% But Growth Is Lacking
May 28The Price Is Right For Magnite, Inc. (NASDAQ:MGNI) Even After Diving 34%
Apr 04Magnite: 2025 Will Be Determined By The Timing Of Partnerships
Mar 19Magnite Q4 Results: Lackluster Growth And Outlook Is Not Appealing Right Now
Mar 04There's Reason For Concern Over Magnite, Inc.'s (NASDAQ:MGNI) Massive 32% Price Jump
Feb 15Is Magnite (NASDAQ:MGNI) A Risky Investment?
Jan 31
Adoption Of Programmatic Solutions By Netflix And Disney Will Improve Future Prospects
Growth from CTV and expanded partnerships with major media companies will significantly boost Magnite's future revenues and market presence.Magnite: Capitalizing On CTV Tailwinds As The Leading SSP
Dec 23An Intrinsic Calculation For Magnite, Inc. (NASDAQ:MGNI) Suggests It's 44% Undervalued
Dec 03Optimistic Investors Push Magnite, Inc. (NASDAQ:MGNI) Shares Up 29% But Growth Is Lacking
Nov 12Is Magnite (NASDAQ:MGNI) Using Too Much Debt?
Oct 24Magnite: Draws In The Big Players, 9x FCF
Oct 07Magnite, Inc.'s (NASDAQ:MGNI) Intrinsic Value Is Potentially 77% Above Its Share Price
Aug 27Magnite: Strong Growth But Customer Concentration Is A Concern
Aug 15Financial Position Analysis
Short Term Liabilities: MGNI's short term assets ($1.9B) exceed its short term liabilities ($1.8B).
Long Term Liabilities: MGNI's short term assets ($1.9B) exceed its long term liabilities ($400.3M).
Debt to Equity History and Analysis
Debt Level: MGNI's net debt to equity ratio (0.3%) is considered satisfactory.
Reducing Debt: MGNI's debt to equity ratio has increased from 0% to 60.3% over the past 5 years.
Debt Coverage: MGNI's debt is well covered by operating cash flow (42.5%).
Interest Coverage: MGNI's interest payments on its debt are well covered by EBIT (5.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/01 12:07 |
| End of Day Share Price | 2026/05/01 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Magnite, Inc. is covered by 25 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Daniel Kurnos | Benchmark Company |
| Alexandra Ross | Berenberg |
| Omar Dessouky | BofA Global Research |