MAGNITE, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $714.0M | $668.2M | $619.7M | $577.1M | $468.4M | $221.6M | $156.4M | $124.7M |
| Cost of Revenue | $266.6M | $258.8M | $409.9M | $307.2M | $201.7M | $77.7M | $57.4M | $60.0M |
| Gross Profit | $447.3M | $409.3M | $209.8M | $269.9M | $266.8M | $143.9M | $99.0M | $64.7M |
| Gross Margin | 62.7% | 61.3% | 33.9% | 46.8% | 56.9% | 64.9% | 63.3% | 51.9% |
| Operating Expenses | ||||||||
| Research & Development | $84.7M | $95.2M | $94.3M | $93.8M | $74.4M | $51.5M | $40.3M | $37.9M |
| SG&A Expense | $93.2M | $96.9M | $89.0M | $81.4M | $64.8M | $53.0M | $39.8M | $42.4M |
| Operating Income | $97.6M | $51.1M | $-155.0M | $-112.8M | $-81.1M | $-54.2M | $-27.6M | $-63.6M |
| Operating Margin | 13.7% | 7.6% | -25.0% | -19.5% | -17.3% | -24.5% | -17.6% | -51.0% |
| Interest Expense | $31.6M | $40.4M | $43.5M | $32.2M | — | — | — | — |
| Pretax Income | $70.6M | $26.5M | $-157.5M | $-135.6M | $-95.0M | $-52.7M | $-27.0M | $-61.5M |
| Income Tax Expense | $-74.0M | $3.7M | $1.6M | $-5.3M | $-95.1M | $693.0K | $-1.5M | $357.0K |
| Net Income | $144.6M | $22.8M | $-159.2M | $-130.3M | $65.0K | $-53.4M | $-25.5M | $-61.8M |
| Net Margin | 20.3% | 3.4% | -25.7% | -22.6% | 0.0% | -24.1% | -16.3% | -49.6% |
| EPS (Basic) | $1.01 | $0.16 | $-1.17 | $-0.98 | $0.00 | $-0.55 | $-0.48 | $-1.23 |
| EPS (Diluted) | $0.95 | $0.16 | $-1.17 | $-0.98 | $0.00 | $-0.55 | $-0.48 | $-1.23 |
| Shares Outstanding (Basic) | 142.6M | 140.6M | 136.6M | 132.9M | 126.3M | 96.7M | 52.6M | 50.6M |
| Shares Outstanding (Diluted) | 153.8M | 146.8M | 136.6M | 132.9M | 136.3M | 96.7M | 52.6M | 50.3M |
| Dividends Per Share | — | — | — | — | — | — | — | — |