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Magnite (MGNI) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Magnite (MGNI) Q3 2026 earnings results →

Q3 2026 Revenue up 14% year over year to $204M · 17¢ of every $1 of revenue kept as net profit · operating margin 24.8%

Magnite made $204M in Q3 2026 (+14% Y/Y). Operating margin 24.8%, net earnings $34.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.

Revenue$204M
Year over year+14%
Operating margin24.8%
Net earnings$34.0M
Operating cash flow$103M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $204.2M in Q3 2026, up 14% year over year and up 6% from the previous quarter.

Operating profit was $50.5M, a 24.8% margin (up 10.8 points year over year). Of the extra revenue versus Q3 2025, 103% reached operating profit, above the 14% margin then. Total costs fell 1% while revenue rose 14%. Net earnings were $34.0M, up 70% year over year. The effective tax rate was 25.4%.

Operating cash flow was $102.9M (up 19% year over year), 303% of net earnings. Non-cash charges added back $13.9M of depreciation and amortization and $16.5M of share-based compensation. Working capital and other items added $38.4M. Capital expenditures of $9.9M left free cash flow of $93.0M.

Quarterly history

Magnite revenue by quarterMagnite revenue by quarter$156MQ1 2025$173MQ2 2025$179MQ3 2025$205MQ4 2025$164MQ1 2026$193MQ2 2026$204MQ3 2026
Magnite net earnings by quarterMagnite net earnings by quarter−$9.6MQ1 2025$11.1MQ2 2025$20.1MQ3 2025$123MQ4 2025$4.4MQ1 2026$19.4MQ2 2026$34.0MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 4, 2026$204M+14%24.8%$34.0M$103M
Q2 202610-QAug 5, 2026$193M+11%16.2%$19.4M$187M
Q1 202610-QMay 6, 2026$164M+6%4.7%$4.4M−$121M
Q4 202510-KFeb 25, 2026$205M+6%25.3%$123M$128M
Q3 202510-QNov 5, 2025$179M+11%14.0%$20.1M$86.6M
Q2 202510-QAug 6, 2025$173M+6%12.7%$11.1M$18.5M
Q1 202510-QMay 7, 2025$156M+4%-0.9%−$9.6M$2.6M

Charts

Magnite: revenue growth, year over year and quarter over quarterMagnite: revenue growth, year over year and quarter over quarterY/YQ/Q+4%Q1 2025+6%+11%Q2 2025+11%+4%Q3 2025+6%+14%Q4 2025+6%-20%Q1 2026+11%+17%Q2 2026+14%+6%Q3 2026
Latest (Q3 2026): Y/Y +14%, Q/Q +6%.
Magnite: where the cash came from (+) and went (−), TTM to Q3 2026Magnite: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$297MNet borrowing (+) / repaid (−)−$205MCash drawn (+) / kept (−)$89.3MBuybacks−$79.0MCapital spending−$56.8MTaxes on employees’ shares−$35.9MOther investing−$16.3MShares issued$6.9MOther financing−$414KExchange rates$68K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Magnite: profit against cash, quarter by quarterMagnite: profit against cash, quarter by quarterNet incomeOperating cash flow$36.4M$115MQ4 2024−$9.6M$2.6MQ1 2025$11.1M$18.5MQ2 2025$20.1M$86.6MQ3 2025$123M$128MQ4 2025$4.4M−$121MQ1 2026$19.4M$187MQ2 2026$34.0M$103MQ3 2026
Latest (Q3 2026): Net income $34.0M, Operating cash flow $103M.
Magnite: diluted shares by fiscal yearMagnite: diluted shares by fiscal year97MFY2020136MFY2021133MFY2022137MFY2023147MFY2024154MFY2025
+59.0% since FY2020: more shares outstanding (issuance, stock pay).
Magnite: long-term debt falling due (FY2025)Magnite: long-term debt falling due (FY2025)$209M2026$3.6M2027$3.6M2028$3.6M2029$3.6M2030$342MLater
Cash $553M, short-term investments —, long-term debt $556M at 2025-12-31.
Magnite in its industry: growth against margin (51 companies, SIC 7370)Magnite in its industry: growth against margin (51 companies, SIC 7370)revenue growth, year over year →↑ operating marginmedian +9%median -1%GOOGLMETASPCXFLUTAPPSNAPZMPINSNIQMTCHSABRTTDRXTFDSTBLATRIPPPLITEMDOCNCSQRTEADEVERBMBLDVGRNDZIPDSPHSTMNXDRPUBMHCATRUMBLNDCDLXSSTCEVAYYAIPODCIPMGOAIDJTCSAIIPDNCNETTWAVTRSOMITIRMXIGITSBBLRMGNI (+14%, 25%)
Services-Computer Programming, Data Processing, Etc.; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Magnite

Magnite, Inc., ("we," or "us"), provides technology solutions to automate the purchase and sale of digital advertising inventory. We believe that we are the world's largest independent omni-channel sell-side advertising platform ("SSP"), offering a single partner for transacting globally across all channels, formats and auction types, and the largest independent programmatic CTV marketplace, making it easier for buyers to reach CTV audiences at scale from industry-leading streaming content providers, broadcasters, platforms and device manufacturers.

In its own words, from its 10-K, filed Feb 25, 2026.

Magnite against its Services-Computer Programming, Data Processing, Etc. peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +14% against the peers' median +14%. Operating margin: 24.8% against the peers' median 20.1%.

CompanyQuarterRevenueY/YOp. margin
MGNI MagniteQ3 2026$204M+14%24.8%
GOOGL AlphabetQ3 2026$127.6B+25%31.8%
META Meta PlatformsQ3 2026$64.6B+26%20.1%
SPCX Space Exploration TechnologiesQ3 2026$14.6B+161%19.1%
FLUT Flutter EntertainmentQ3 2026$3.9B+2%-30.7%
APP AppLovinQ3 2026$2.2B+56%78.2%
SNAP SnapQ3 2026$1.7B+14%4.5%
ZM Zoom CommunicationsQ2 FY27$1.3B+5%24.6%
PINS PinterestQ3 2026$1.2B+12%2.6%

Source: Magnite 10-Q on SEC EDGAR · CIK 1595974 · Services-Computer Programming, Data Processing, Etc.

Guidance and outlook

Magnite: what its forward-looking statements are about (10-Q filed 2026-11-04)Magnite: what its forward-looking statements are about (10-Q filed 2026-11-04)Other8Demand4Supply chain3Financing2Costs2Capital spending1Products1Tax1
22 statements; tone +0.32 (−1 all cautious, +1 all confident); 7 hedged.
Magnite: outlook statements against the filing beforeMagnite: outlook statements against the filing beforeConfident10Cautious3

13F: who owns MGNI and who is buying

Largest holders of MGNI (13F)Largest holders of MGNI (13F)BlackRock$241MVanguard Group$240MVanguard Portfolio Management LLC$156MFMR LLC$147MVanguard Capital Management LLC$118MWellington Management Group LLP$115MDimensional Fund Advisors LP$99.8MBoston Partners$95.9MAmerican Century Companies$87.7MCapital Research Global Investors$73.4M
Funds' net buying of MGNI by quarter (13F)Funds' net buying of MGNI by quarter (13F)$33.5M2024-09$97.4M2024-12$124M2025-03$332M2025-06−$201M2025-09−$54.9M2025-12−$65.0M2026-03$207M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on MGNI

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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