Filing Flows › Magnite (MGNI) › Q2 2026 › vs Q2 2025
Magnite (MGNI) Q2 2026 vs Q2 2025 (year over year)
Magnite's revenue rose $19.5M (+11%) from $173M in Q2 2025 to $193M in Q2 2026. Operating margin 16.2% against 12.7% (+3.5 pts).
Magnite, Q2 2026: revenue $193M (+11% year over year), operating margin 16.2%, net earnings $19.4M, operating cash flow $187M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 16.2% | 12.7% | +3.5 pts |
| Net margin | 10.0% | 6.4% | +3.6 pts |
| Free cash flow margin | 90.5% | 3.5% | +87.0 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $193M | $173M | $19.5M | +11% |
| Operating profit | $31.2M | $22.0M | $9.3M | +42% |
| Costs & expenses | $162M | $151M | $10.2M | +7% |
| Pre-tax earnings | $25.5M | $12.1M | $13.4M | +111% |
| Other expense, net | $5.7M | $9.9M | −$4.2M | -42% |
| Cost of revenue | $62.0M | $65.0M | −$2.9M | -4% |
| Research & development | $24.1M | $21.6M | $2.6M | +12% |
| Sales & marketing | $47.0M | $42.3M | $4.7M | +11% |
| General & admin | $28.4M | $22.5M | $5.9M | +26% |
| Net earnings | $19.4M | $11.1M | $8.2M | +74% |
| Income tax | $6.2M | $958K | $5.2M | +545% |
| Depreciation & amortization | $14.6M | $12.2M | $2.3M | +19% |
| Share-based compensation | $19.6M | $19.6M | $68K | +0.3% |
| Working capital & other | $133M | −$24.4M | $157M | — |
| Operating cash flow | $187M | $18.5M | $168M | +907% |
| Free cash flow (OCF − capex) | $174M | $6.0M | $168M | 29× |
| Capital expenditures | $12.1M | $12.5M | −$381K | -3% |
Questions
How much did Magnite's revenue grow year over year in Q2 2026?
Magnite's revenue rose $19.5M (+11%) from $173M in Q2 2025 to $193M in Q2 2026. Operating margin 16.2% against 12.7% (+3.5 pts).