Credit and interest ratesnegative · 4 filings
“The net decreases were primarily due to a decrease in interest expense as a result of the repricing of our term loan facilities.”10-Q · May 6, 2026 ↗
Magnite, Inc.
MGNI
Market read
Magnite, Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 11 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.
Company-0.5% todayVolume comparison unavailable
Market group0 of 11 activeInformation Services Tilt · unavailable
Disclosed network0 of 5 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- MGNI's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if MGNI's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 11 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- MGNI's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations318
Usable filing statements164
Verified relationships8
Evidence supporting the case
- Latest annual revenue changed +6.9% year over year.
- Operating margin changed +6.0 percentage points in the latest annual period.
- Net margin changed +16.8 percentage points in the latest annual period.
- Data center and AI demand has repeated favorable evidence across 4 filings.
- Macroeconomic conditions has repeated favorable evidence across 4 filings.
- Tariffs and trade policy has repeated favorable evidence across 4 filings.
Evidence challenging the case
- Diluted shares increased 4.7% in the latest annual period.
- Credit and interest rates has repeated adverse evidence across 4 filings.
- Foreign exchange has repeated adverse evidence across 4 filings.
Questions before a position
- EV/sales is 153% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 9, 2026
23.576m+74.9%12m-6.2%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$468.4M+111.4%$0.00+40.9%
2022-12-31$577.1M+23.2%$-0.98-2.5%
2023-12-31$619.7M+7.4%$-1.17+2.8%
2024-12-31$668.2M+7.8%$0.16+7.5%
2025-12-31$714.0M+6.9%$0.95+4.7%
What management says matters
Persistent and emerging business drivers
Data center and AI demandpositive · 4 filings
“This decrease was partially offset by increases of $2.6 million in cloud hosting, data center, and bandwidth expenses and $1.1 million in personnel costs.”10-Q · May 6, 2026 ↗
Foreign exchangenegative · 4 filings
“Foreign exchange (gain) loss, net decreased by $2.4 million for the three months ended March 31, 2026 compared to the prior year period due to movements in foreign currency exchange rates and the amount of foreign currency-denominated cash, receivables, and p…”10-Q · May 6, 2026 ↗
Macroeconomic conditionspositive · 4 filings
“In addition, inflation and tariffs could result in an increase in our cost base relative to our revenue and increased cost associated with our infrastructure investments.”10-Q · May 6, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 5.1× · EV/sales 4.8×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
23.58-0.5% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:35 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for MGNI. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for MGNI. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind MGNI
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
JTGEYFiling-linked namelenderMay 6, 2026 ▾
“On February 6, 2024, we entered into a credit agreement (the "2024 Credit Agreement") with Morgan Stanley Senior Funding, Inc.”
MSMorgan StanleylenderMay 6, 2026 ▾
“On February 6, 2024, we entered into a credit agreement (the "2024 Credit Agreement") with Morgan Stanley Senior Funding, Inc.”
Depended on by
DVDoubleVerify Holdings, Inc.distributorFeb 26, 2026 ▾
“Select integration and channel partners include: ● Demand-Side Platforms : Amazon, Google, The Trade Desk, Yahoo, Nexxen, Infillion, Adobe, StackAdapt ● Ad Platforms and Exchanges : Line Yahoo, Magnite, Teads, Epsilon, Nexxen, Taboola, Criteo ● Ad Servers and…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 2 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
MGNI is currently a Participant in the organic co-movement group Information Services Tilt. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for MGNI; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.