Magnite (MGNI) Q3 FY2026 earnings: revenue $204 million, up 13.8% on the year

Magnite, Inc. (MGNI) reported revenue of $204 million for Q3 FY2026, the quarter ended 30 September 2026, up 13.8% on the same quarter a year earlier. Net income was $34 million, up 69.5% on the year, and diluted earnings per share $0.23. The figures are the company's own, from the 10-Q it filed with the SEC on 4 November 2026.

Revenue

$204 million

+13.8% on the year · +5.9% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

24.8%

14.0% a year earlier

Q4 FY2024Q3 FY2026

Net income

$34 million

+69.5% on the year · +75.6% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$0.23

+76.9% on the year · +76.9% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 4 raised, 7 new.

Revenue and contribution rose: Revenue was $204.2 million, up 14%. Contribution ex-TAC was $200.6 million, up 20% from $166.8 million a year earlier. Gross profit was $140.2 million, up 27%.
Adjusted EBITDA margin widened to 42%: Adjusted EBITDA was $83.4 million, up 46%, at a 42% margin compared with 34% a year earlier.
Net income and diluted EPS rose: Net income was $34.0 million, or $0.23 per diluted share, against $20.1 million, or $0.13, a year earlier.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	204	193	179	+5.9%	+13.8%
Cost of revenue	64.0	62.0	69.4	+3.2%	-7.7%
Gross profit	140	131	110	+7.2%	+27.3%
Gross margin	68.6%	67.8%	61.4%
Research and development	21.4	24.1	20.2	-11.5%	+5.8%
Operating income	50.5	31.2	25.0	+61.9%	+101.8%
Operating margin	24.8%	16.2%	14.0%
Interest expense	4.8	6.3	4.7	-23.7%	+3.2%
Pre-tax income	45.6	25.5	20.9	+78.4%	+117.6%
Income tax	11.6	6.2	0.9	+87.3%	+1,207.5%
Effective tax rate	25.4%	24.2%	4.2%
Net income	34.0	19.4	20.1	+75.6%	+69.5%
Net margin	16.7%	10.0%	11.2%
Diluted EPS	$0.23	$0.13	$0.13	+76.9%	+76.9%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	103	187	86.6	-44.9%	+18.8%
Capital expenditure	9.9	12.1	18.2	-18.3%	-45.7%
Free cash flow	93.0	174	68.4	-46.7%	+36.0%
Free cash flow margin	45.5%	90.5%	38.1%
Cash from investing	-14.5	-16.5	-30.5
Cash from financing	-28.0	-22.3	0.3
Depreciation and amortisation	10.6	11.2	8.7	-5.4%	+21.8%
Share-based compensation	16.5	19.6	18.0	-16.0%	-8.6%
Buybacks	20.0	21.1	0.0	-5.0%
Diluted shares, weighted	151m	147m	153m	+2.5%	-1.5%
Shares outstanding at period end	144m	143m	144m	+0.1%	-0.1%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	962	936	808	+2.7%	+19.0%
Debt	358	359	566	-0.3%	-36.8%
Operating lease liabilities	40.4	42.7	48.8	-5.3%	-17.1%
Other liabilities	1,777	1,695	1,498	+4.8%	+18.7%
Total liabilities and equity	3,137	3,033	2,921	+3.4%	+7.4%
Fixed assets	117	116	97.0	+1.2%	+21.0%
Goodwill	984	984	984	0.0%	0.0%
Intangible assets	5.8	7.3	15.1	-20.5%	-61.4%
Cash and equivalents	393	333	482	+18.1%	-18.5%
Receivables	1,432	1,384	1,215	+3.5%	+17.8%
Other assets	204	209	127	-2.2%	+60.9%
Total assets	3,137	3,033	2,921	+3.4%	+7.4%

Questions

What was Magnite's revenue in Q3 FY2026?

Magnite (MGNI) reported revenue of $204 million for Q3 FY2026, the quarter ended 30 September 2026, up 13.8% on the same quarter a year earlier.

How much did Magnite earn in Q3 FY2026?

Net income for Q3 FY2026 was $34 million, up 69.5% on the year, and diluted earnings per share $0.23.

When did Magnite report Q3 FY2026 results?

Magnite filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 4 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	161	118	138	146	175	130	153	150	187	149	163	162	194	156	173	179	205	164	193	204
Cost of revenue	66.8	59.4	65.0	71.8	111	125	130	84.9	70.0	65.9	62.6	62.5	67.8	62.8	65.0	69.4	69.5	60.4	62.0	64.0
Gross profit	94.4	58.7	72.8	74.1	64.4	5.3	22.4	65.2	117	83.4	100	99.5	126	93.0	108	110	136	104	131	140
Gross margin	59%	50%	53%	51%	37%	4%	15%	43%	63%	56%	62%	61%	65%	60%	63%	61%	66%	63%	68%	69%
R&D	21.0	23.0	23.0	25.1	22.5	24.2	23.4	23.5	23.2	26.9	25.8	20.3	22.3	22.3	21.6	20.2	20.6	25.2	24.1	21.4
Operating income	3.6	-39.8	-23.3	-21.2	-28.5	-100	-71.8	-17.8	35.1	-13.8	9.6	15.1	40.2	-1.4	22.0	25.0	52.0	7.7	31.2	50.5
Operating margin	2%	-34%	-17%	-15%	-16%	-77%	-47%	-12%	19%	-9%	6%	9%	21%	-1%	13%	14%	25%	5%	16%	25%
Interest expense	n/a	n/a	n/a	n/a	n/a	n/a	8.5	7.6	n/a	8.0	6.8	6.8	5.4	5.2	5.1	4.7	4.0	4.6	6.3	4.8
Pre-tax income	-2.4	-46.6	-25.1	-24.8	-39.1	-99.0	-73.2	-18.4	33.2	-25.6	3.5	6.2	42.3	-10.5	12.1	20.9	48.1	3.7	25.5	45.6
Tax rate	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	7%	n/a	130%	16%	14%	n/a	8%	4%	-156%	-18%	24%	25%
Net income	0.5	-44.6	-25.0	-24.4	-36.4	-98.7	-73.9	-17.5	30.9	-17.8	-1.1	5.2	36.4	-9.6	11.1	20.1	123	4.4	19.4	34.0
Net margin	0%	-38%	-18%	-17%	-21%	-76%	-48%	-12%	17%	-12%	-1%	3%	19%	-6%	6%	11%	60%	3%	10%	17%
Diluted EPS	$0.03	-$0.34	-$0.19	-$0.18	-$0.27	-$0.73	-$0.54	-$0.13	$0.23	-$0.13	-$0.01	$0.04	$0.24	-$0.07	$0.08	$0.13	$0.80	$0.03	$0.13	$0.23
Operating cash flow	68.6	21.6	42.3	39.9	88.7	-30.9	74.1	82.1	89.1	-60.4	89.6	91.3	115	2.6	18.5	86.6	128	-121	187	103
Capital expenditure	3.7	7.2	1.5	9.4	12.8	4.4	8.3	4.4	9.6	5.9	9.2	14.0	3.7	14.4	12.5	18.2	25.4	9.4	12.1	9.9
Free cash flow	64.9	14.4	40.9	30.5	75.9	-35.3	65.8	77.7	79.5	-66.3	80.4	77.3	111	-11.8	6.0	68.4	103	-130	174	93.0
Buybacks	6.0	12.1	3.5	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	9.0	5.6	19.2	3.7	0.0	23.4	14.5	21.1	20.0
Shares outstanding	132m	132m	133m	133m	134m	136m	137m	138m	139m	140m	141m	141m	141m	141m	142m	144m	143m	143m	143m	144m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 4 November 2026: the filing.