Filing Flows › Magnite (MGNI) › Q2 2025
Magnite (MGNI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Magnite (MGNI) reported revenue of $173M for the second quarter 2025 (Q2 2025), +6% from a year earlier and +11% from the quarter before. Operating margin was 12.7%, net earnings $11.1M (6.4% of revenue).
Magnite, Q2 2025: revenue $173M (+6% year over year), operating margin 12.7%, net earnings $11.1M, operating cash flow $18.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $173M | +11% | +6% |
| Operating profit | $22.0M | — | +129% |
| Net earnings | $11.1M | — | — |
| Operating cash flow | $18.5M | +623% | -79% |
| Free cash flow | $6.0M | — | -93% |
What changed
Revenue was $173.3M in Q2 2025, up 6% year over year and up 11% from the previous quarter.
Operating profit was $22.0M, a 12.7% margin (up 6.8 points year over year). Of the extra revenue versus a year earlier, 118% reached operating profit, above the 6% margin then. Total costs fell 1% while revenue rose 6%. Net earnings were $11.1M. The effective tax rate was 7.9%.
Operating cash flow was $18.5M (down 79% year over year), 166% of net earnings. Non-cash charges added back $12.2M of depreciation and amortization and $19.6M of share-based compensation. Working capital and other items used $24.4M. Capital expenditures of $12.5M left free cash flow of $6.0M.
Questions
What was Magnite's revenue in the second quarter 2025?
Magnite (MGNI) reported revenue of $173M for the second quarter 2025 (Q2 2025), +6% from a year earlier and +11% from the quarter before.
Was Magnite profitable in the second quarter 2025?
Operating profit was $22.0M (12.7% of revenue) and net earnings $11.1M.
Source: Magnite 10-Q on SEC EDGAR.