Filing Flows › Magnite (MGNI) › Q1 2026
Magnite (MGNI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Magnite (MGNI) reported revenue of $164M for the first quarter 2026 (Q1 2026), +6% from a year earlier and -20% from the quarter before. Operating margin was 4.7%, net earnings $4.4M (2.7% of revenue).
Magnite, Q1 2026: revenue $164M (+6% year over year), operating margin 4.7%, net earnings $4.4M, operating cash flow −$121M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $164M | -20% | +6% |
| Operating profit | $7.7M | -85% | — |
| Net earnings | $4.4M | -96% | — |
| Operating cash flow | −$121M | -194% | -4816% |
What changed
Revenue was $164.4M in Q1 2026, up 6% year over year and down 20% from the previous quarter.
Operating profit was $7.7M, a 4.7% margin (up 5.6 points year over year). Total costs fell 0% while revenue rose 6%. The fastest-growing cost line was Research & development (+13%). Net earnings were $4.4M. The effective tax rate was -18.3%.
Operating cash flow was −$120.8M. Non-cash charges added back $14.4M of depreciation and amortization and $19.7M of share-based compensation. Working capital and other items used $159.2M. Capital expenditures of $9.4M exceeded it, leaving free cash flow of −$130.2M.
Questions
What was Magnite's revenue in the first quarter 2026?
Magnite (MGNI) reported revenue of $164M for the first quarter 2026 (Q1 2026), +6% from a year earlier and -20% from the quarter before.
Was Magnite profitable in the first quarter 2026?
Operating profit was $7.7M (4.7% of revenue) and net earnings $4.4M.
Source: Magnite 10-Q on SEC EDGAR.