Magnite, Inc. — Earnings Quality Grade C
MGNI · Communication Services
Some red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO increased by 10 days
AR growth 8.5% vs revenue growth 6.9%
Revenue 6.9%, CFFO 0.4%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 79.1% is >2x revenue growth 6.9%
SG&A/Gross Profit = 59.2%. Normal
Gross margin 62.7%, change +1.4pp. Stable
Cash Flow Quality
CFFO/NI = 1.63. Profits backed by cash
FCF $0.2B, FCF/NI = 1.05
Accruals ratio = -2.9%. Low accruals
Cash $0.6B covers 88% of debt $0.6B
Balance Sheet Health
Goodwill+Intangibles $1.0B = 111% of equity. Over 50%
Debt/EBITDA = 4.4x (>4x). Financial stress
Other assets grew 1193.4% vs revenue 6.9%
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -0% YoY. Normal
Manipulation Score
M-Score = -2.50 (< -2.22). Unlikely manipulator
Portfolio monitoring
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Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25