Filing Flows › Magnite (MGNI) › Q3 2025
Magnite (MGNI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Magnite (MGNI) reported revenue of $179M for the third quarter 2025 (Q3 2025), +11% from a year earlier and +4% from the quarter before. Operating margin was 14.0%, net earnings $20.1M (11.2% of revenue).
Magnite, Q3 2025: revenue $179M (+11% year over year), operating margin 14.0%, net earnings $20.1M, operating cash flow $86.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $179M | +4% | +11% |
| Operating profit | $25.0M | +14% | +66% |
| Net earnings | $20.1M | +80% | +285% |
| Operating cash flow | $86.6M | +368% | -5% |
| Free cash flow | $68.4M | 11× | -12% |
What changed
Revenue was $179.5M in Q3 2025, up 11% year over year and up 4% from the previous quarter.
Operating profit was $25.0M, a 14.0% margin (up 4.6 points year over year). Of the extra revenue versus a year earlier, 57% reached operating profit, above the 9% margin then. Total costs grew 5% against revenue growth of 11%. The fastest-growing cost line was Cost of revenue (+11%). Net earnings were $20.1M, up 285% year over year. The effective tax rate was 4.2%.
Operating cash flow was $86.6M (down 5% year over year), 432% of net earnings. Non-cash charges added back $12.3M of depreciation and amortization and $18.0M of share-based compensation. Working capital and other items added $36.2M. Capital expenditures of $18.2M left free cash flow of $68.4M.
Questions
What was Magnite's revenue in the third quarter 2025?
Magnite (MGNI) reported revenue of $179M for the third quarter 2025 (Q3 2025), +11% from a year earlier and +4% from the quarter before.
Was Magnite profitable in the third quarter 2025?
Operating profit was $25.0M (14.0% of revenue) and net earnings $20.1M.
Source: Magnite 10-Q on SEC EDGAR.