Magnite, Inc. (MGNI) Stock

Magnite, Inc. (MGNI) is a Technology stock trading at $23.34 (as of 2026-08-20), with a market capitalization of $3.35B and a trailing P/E of 69.4. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Magnite, Inc. provides an independent platform for digital advertising, supporting publishers and other inventory owners in managing and monetizing their inventory, including CTV channels and digital media properties. It also offers buyer tools for advertisers, agencies, agency trading desks, and demand-side platforms to purchase advertising inventory.

Understand Magnite, Inc.: how it makes money

Magnite operates an independent sell-side digital advertising platform, helping publishers monetize inventory and helping buyers purchase digital ad inventory, and it also serves Connected Television (CTV) channels and related digital video properties.

Magnite’s profit model is driven by how much revenue it retains after Traffic Acquisition Costs, so investors focus on Revenue Excluding Traffic Acquisition Cost, including within Connected Television revenue excluding those costs.

Business quality (Weak): The company shows a very high gross margin, but a comparatively thin operating margin, which makes results sensitive to operating expense levels and to how revenue performs net of Traffic Acquisition Costs.

Valuation: Trades at 17× trailing earnings · $3B market cap.

Bull case

  • High gross margin: For the latest reported period, gross margin is 63.2%.
  • CTV is tracked net of Traffic Acquisition Costs: Connected Television Revenue Excluding Traffic Acquisition Costs is explicitly reported, which can help investors assess performance in an important sub-area of digital video.

Bear case

  • Operating margin is relatively low: For the latest reported period, operating margin is 4.7%, indicating less room to absorb higher operating expenses or weaker net revenue after Traffic Acquisition Costs.
  • Traffic Acquisition Costs can materially affect retained revenue: Multiple revenue measures are shown both with and without Traffic Acquisition Costs, implying that changes in traffic-related economics can influence profitability.
Valuation — source: SEC EDGAR (first-party)
Price$23.34
Market Cap$3.35B
P/E Ratio69.4
EV / EBITDA29.1
Price / Book3.57
Price / Sales4.77
FCF Yield-4.6%
DCF Value (model)$14.62
DCF Upside vs Price-37.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$713.95M
Net Margin20.3%
Revenue Growth (YoY)6.9%
EPS Growth (YoY)531.3%
FCF Growth (YoY)-18.2%
Financial Health — source: SEC EDGAR
Altman Z-Score1.02 (distress)
Piotroski F-Score6/9 (moderate)
Valuation vs Sector & Industry
Stock P/E69.4
Sector P/E (Technology)33.9
Industry P/E (Business Services)30.0
vs Sector104.4%
vs Industry131.6%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($240.25M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryBusiness Services
CEOMichael G. Barrett
Employees905
CountryUS
IPO Date2014-04-02

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MGNI earnings history · MGNI institutional & insider holders · MGNI KPIs & operating metrics · MGNI financials · MGNI investor presentations & press releases · MGNI SEC filings · MGNI peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.