Magnite Inc
Research Magnite Inc (MGNI) on Bullrun: valuation model: 49.5% undervalued, market cap USD 3.43B, P/E 21.9. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerMGNI
- ExchangeNASDAQ
- CountryUnited States
- SectorCommunication Services
- IndustryAdvertising Agencies
- CurrencyUSD
- Valuation signal49.5% undervalued
- Market capUSD 3.43B
- P/E21.9
- Financial periodQ2 2026
- RevenueUSD 192.82M
- Net incomeUSD 19.37M
- Free cash flowUSD 170.15M
- Gross margin67.8%
Valuation Snapshot
Bullrun's latest valuation model marks Magnite Inc as 49.5% undervalued; latest market cap is USD 3.43B; P/E is 21.9.
Peer valuation comparison
Latest P/E is 21.88x versus a Communication Services sector median of 16.43x (33.2% above).
Latest P/E is 21.88x versus a United States median of 24.87x (12.0% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 713.95M | USD 144.61M | USD 165.63M | 62.7% | 0.95 | USD 553.36M | USD 556.11M | USD 922.35M |
| FY2024 | USD 668.17M | USD 22.79M | USD 202.39M | 61.3% | 0.16 | USD 483.22M | USD 553.75M | USD 768.22M |
| FY2023 | USD 619.71M | -USD 159.18M | USD 187.60M | 33.9% | -1.17 | USD 326.22M | USD 536.59M | USD 701.68M |
| FY2022 | USD 577.07M | -USD 130.32M | USD 161.74M | 46.8% | -0.98 | USD 326.25M | USD 726.36M | USD 791.30M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 3.43B | 21.9 | n/a | n/a |
| 2025 | 2025-12-31 | USD 2.32B | 17.3 | n/a | n/a |
| 2024 | 2024-12-31 | USD 2.25B | 113.7 | n/a | n/a |
| 2023 | 2023-12-29 | USD 1.29B | n/a | n/a | n/a |
| 2022 | 2022-12-30 | USD 1.41B | n/a | n/a | n/a |
| 2021 | 2021-12-31 | USD 2.31B | n/a | n/a | n/a |
About Magnite Inc
Magnite, Inc., together with its subsidiaries, operates an independent omni-channel sell-side advertising platform in the United States and internationally. The company's platform offers applications and services for sellers of digital advertising inventory, or publishers that own and operate CTV channels, applications, websites, and other digital media properties to manage and monetize their inventory;
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Frequently asked questions
Is Magnite Inc overvalued or undervalued?
Bullrun's valuation model currently marks Magnite Inc as 49.5% undervalued.
What is Magnite Inc's market cap?
Magnite Inc's market capitalization is USD 3.43B.
What is Magnite Inc's P/E ratio?
Magnite Inc's price-to-earnings (P/E) ratio is 21.9.
What does Magnite Inc do?
Magnite, Inc., together with its subsidiaries, operates an independent omni-channel sell-side advertising platform in the United States and internationally.