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Side-by-side financial comparison of MAGNITE, INC. (MGNI) and REPLIGEN CORP (RGEN). Click either name above to swap in a different company.

MAGNITE, INC. is the larger business by last-quarter revenue ($205.4M vs $197.9M, roughly 1.0× REPLIGEN CORP). MAGNITE, INC. runs the higher net margin — 59.9% vs 6.7%, a 53.2% gap on every dollar of revenue. On growth, REPLIGEN CORP posted the faster year-over-year revenue change (13.6% vs 5.9%). MAGNITE, INC. produced more free cash flow last quarter ($103.1M vs $17.6M). Over the past eight quarters, MAGNITE, INC.'s revenue compounded faster (17.3% CAGR vs 14.4%).

Magnite Inc. is an American online advertising technology firm based in Los Angeles, California. The company was formed following a merger between Rubicon Project and Telaria in 2020.

Repligen Corporation is a global life sciences company devoted to the development and commercialization of innovative bioprocessing technologies and systems that enable efficiencies in the process of manufacturing biological drugs.2025 The company is based in Waltham, Massachusetts,2014 and was incorporated in Delaware in 1981. A public company, Repligen is listed on the NASDAQ exchange under the symbol RGEN. As of 2025, Repligen employs over 1,900 employees globally and serves primarily biop...

MGNI vs RGEN — Head-to-Head

Bigger by revenue
MGNI
MGNI
1.0× larger
MGNI
$205.4M
$197.9M
RGEN
Growing faster (revenue YoY)
RGEN
RGEN
+7.8% gap
RGEN
13.6%
5.9%
MGNI
Higher net margin
MGNI
MGNI
53.2% more per $
MGNI
59.9%
6.7%
RGEN
More free cash flow
MGNI
MGNI
$85.5M more FCF
MGNI
$103.1M
$17.6M
RGEN
Faster 2-yr revenue CAGR
MGNI
MGNI
Annualised
MGNI
17.3%
14.4%
RGEN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MGNI
MGNI
RGEN
RGEN
Revenue
$205.4M
$197.9M
Net Profit
$123.0M
$13.3M
Gross Margin
66.2%
52.5%
Operating Margin
25.3%
9.0%
Net Margin
59.9%
6.7%
Revenue YoY
5.9%
13.6%
Net Profit YoY
238.0%
143.9%
EPS (diluted)
$0.81
$0.24

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MGNI
MGNI
RGEN
RGEN
Q4 25
$205.4M
$197.9M
Q3 25
$179.5M
$188.8M
Q2 25
$173.3M
$182.4M
Q1 25
$155.8M
$169.2M
Q4 24
$194.0M
$174.1M
Q3 24
$162.0M
$154.9M
Q2 24
$162.9M
$154.1M
Q1 24
$149.3M
$151.3M
Net Profit
MGNI
MGNI
RGEN
RGEN
Q4 25
$123.0M
$13.3M
Q3 25
$20.1M
$14.9M
Q2 25
$11.1M
$14.9M
Q1 25
$-9.6M
$5.8M
Q4 24
$36.4M
$-30.3M
Q3 24
$5.2M
$-654.0K
Q2 24
$-1.1M
$3.3M
Q1 24
$-17.8M
$2.1M
Gross Margin
MGNI
MGNI
RGEN
RGEN
Q4 25
66.2%
52.5%
Q3 25
61.4%
53.2%
Q2 25
62.5%
50.0%
Q1 25
59.7%
53.6%
Q4 24
65.1%
26.1%
Q3 24
61.4%
50.0%
Q2 24
61.6%
49.8%
Q1 24
55.9%
49.5%
Operating Margin
MGNI
MGNI
RGEN
RGEN
Q4 25
25.3%
9.0%
Q3 25
14.0%
8.9%
Q2 25
12.7%
7.6%
Q1 25
-0.9%
3.9%
Q4 24
20.7%
-17.7%
Q3 24
9.3%
-5.1%
Q2 24
5.9%
1.0%
Q1 24
-9.3%
1.3%
Net Margin
MGNI
MGNI
RGEN
RGEN
Q4 25
59.9%
6.7%
Q3 25
11.2%
7.9%
Q2 25
6.4%
8.2%
Q1 25
-6.2%
3.4%
Q4 24
18.8%
-17.4%
Q3 24
3.2%
-0.4%
Q2 24
-0.7%
2.2%
Q1 24
-11.9%
1.4%
EPS (diluted)
MGNI
MGNI
RGEN
RGEN
Q4 25
$0.81
$0.24
Q3 25
$0.13
$0.26
Q2 25
$0.08
$0.26
Q1 25
$-0.07
$0.10
Q4 24
$0.26
$-0.55
Q3 24
$0.04
$-0.01
Q2 24
$-0.01
$0.06
Q1 24
$-0.13
$0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MGNI
MGNI
RGEN
RGEN
Cash + ST InvestmentsLiquidity on hand
$553.4M
$767.6M
Total DebtLower is stronger
$556.1M
$542.2M
Stockholders' EquityBook value
$922.4M
$2.1B
Total Assets
$3.2B
$2.9B
Debt / EquityLower = less leverage
0.60×
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MGNI
MGNI
RGEN
RGEN
Q4 25
$553.4M
$767.6M
Q3 25
$482.1M
$748.7M
Q2 25
$426.0M
$708.9M
Q1 25
$429.7M
$697.2M
Q4 24
$483.2M
$757.4M
Q3 24
$387.2M
$784.0M
Q2 24
$326.5M
$809.1M
Q1 24
$252.8M
$780.6M
Total Debt
MGNI
MGNI
RGEN
RGEN
Q4 25
$556.1M
$542.2M
Q3 25
$556.3M
$537.9M
Q2 25
$556.4M
Q1 25
$556.6M
Q4 24
$553.7M
$525.6M
Q3 24
$553.8M
Q2 24
$552.7M
Q1 24
$552.7M
Stockholders' Equity
MGNI
MGNI
RGEN
RGEN
Q4 25
$922.4M
$2.1B
Q3 25
$808.0M
$2.1B
Q2 25
$768.5M
$2.1B
Q1 25
$741.8M
$2.0B
Q4 24
$768.2M
$2.0B
Q3 24
$725.9M
$2.0B
Q2 24
$713.0M
$2.0B
Q1 24
$695.4M
$2.0B
Total Assets
MGNI
MGNI
RGEN
RGEN
Q4 25
$3.2B
$2.9B
Q3 25
$2.9B
$2.9B
Q2 25
$2.9B
$2.9B
Q1 25
$2.7B
$2.9B
Q4 24
$2.9B
$2.8B
Q3 24
$2.7B
$2.8B
Q2 24
$2.6B
$2.9B
Q1 24
$2.5B
$2.8B
Debt / Equity
MGNI
MGNI
RGEN
RGEN
Q4 25
0.60×
0.26×
Q3 25
0.69×
0.26×
Q2 25
0.72×
Q1 25
0.75×
Q4 24
0.72×
0.27×
Q3 24
0.76×
Q2 24
0.78×
Q1 24
0.79×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MGNI
MGNI
RGEN
RGEN
Operating Cash FlowLast quarter
$128.5M
$25.7M
Free Cash FlowOCF − Capex
$103.1M
$17.6M
FCF MarginFCF / Revenue
50.2%
8.9%
Capex IntensityCapex / Revenue
12.4%
4.1%
Cash ConversionOCF / Net Profit
1.04×
1.93×
TTM Free Cash FlowTrailing 4 quarters
$165.6M
$93.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MGNI
MGNI
RGEN
RGEN
Q4 25
$128.5M
$25.7M
Q3 25
$86.6M
$48.1M
Q2 25
$18.5M
$28.6M
Q1 25
$2.6M
$15.0M
Q4 24
$114.7M
$39.2M
Q3 24
$91.3M
$49.3M
Q2 24
$89.6M
$42.2M
Q1 24
$-60.4M
$44.7M
Free Cash Flow
MGNI
MGNI
RGEN
RGEN
Q4 25
$103.1M
$17.6M
Q3 25
$68.4M
$43.4M
Q2 25
$6.0M
$21.5M
Q1 25
$-11.8M
$11.4M
Q4 24
$111.0M
$33.6M
Q3 24
$77.3M
$42.3M
Q2 24
$80.4M
$37.4M
Q1 24
$-66.3M
$36.4M
FCF Margin
MGNI
MGNI
RGEN
RGEN
Q4 25
50.2%
8.9%
Q3 25
38.1%
23.0%
Q2 25
3.5%
11.8%
Q1 25
-7.6%
6.8%
Q4 24
57.2%
19.3%
Q3 24
47.7%
27.3%
Q2 24
49.4%
24.3%
Q1 24
-44.4%
24.0%
Capex Intensity
MGNI
MGNI
RGEN
RGEN
Q4 25
12.4%
4.1%
Q3 25
10.2%
2.5%
Q2 25
7.2%
3.9%
Q1 25
9.2%
2.1%
Q4 24
1.9%
3.2%
Q3 24
8.7%
4.5%
Q2 24
5.6%
3.1%
Q1 24
3.9%
5.5%
Cash Conversion
MGNI
MGNI
RGEN
RGEN
Q4 25
1.04×
1.93×
Q3 25
4.32×
3.23×
Q2 25
1.66×
1.92×
Q1 25
2.57×
Q4 24
3.15×
Q3 24
17.52×
Q2 24
12.70×
Q1 24
21.35×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MGNI
MGNI

Connected Television$103.4M50%
Other$55.7M27%
Desktop$28.9M14%
Gross Revenue$17.4M8%

RGEN
RGEN

Segment breakdown not available.

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