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Side-by-side financial comparison of MAGNITE, INC. (MGNI) and BRC Group Holdings, Inc. (RILY). Click either name above to swap in a different company.
MAGNITE, INC. is the larger business by last-quarter revenue ($205.4M vs $188.3M, roughly 1.1× BRC Group Holdings, Inc.). MAGNITE, INC. runs the higher net margin — 59.9% vs 47.9%, a 12.0% gap on every dollar of revenue. On growth, MAGNITE, INC. posted the faster year-over-year revenue change (5.9% vs -21.9%). Over the past eight quarters, MAGNITE, INC.'s revenue compounded faster (17.3% CAGR vs -15.4%).
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.
MGNI vs RILY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $205.4M | $188.3M |
| Net Profit | $123.0M | $90.3M |
| Gross Margin | 66.2% | 79.5% |
| Operating Margin | 25.3% | 32.3% |
| Net Margin | 59.9% | 47.9% |
| Revenue YoY | 5.9% | -21.9% |
| Net Profit YoY | 238.0% | 1710.8% |
| EPS (diluted) | $0.81 | $2.78 |
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.
| Q4 25 | $205.4M | $188.3M | ||
| Q3 25 | $179.5M | $215.3M | ||
| Q2 25 | $173.3M | $188.2M | ||
| Q1 25 | $155.8M | $197.2M | ||
| Q4 24 | $194.0M | $241.0M | ||
| Q3 24 | $162.0M | $225.5M | ||
| Q2 24 | $162.9M | $256.0M | ||
| Q1 24 | $149.3M | $263.4M |
| Q4 25 | $123.0M | $90.3M | ||
| Q3 25 | $20.1M | $91.1M | ||
| Q2 25 | $11.1M | $139.5M | ||
| Q1 25 | $-9.6M | $-10.0M | ||
| Q4 24 | $36.4M | $-5.6M | ||
| Q3 24 | $5.2M | $-284.4M | ||
| Q2 24 | $-1.1M | $-433.6M | ||
| Q1 24 | $-17.8M | $-49.2M |
| Q4 25 | 66.2% | 79.5% | ||
| Q3 25 | 61.4% | 83.7% | ||
| Q2 25 | 62.5% | 81.3% | ||
| Q1 25 | 59.7% | 81.4% | ||
| Q4 24 | 65.1% | 79.8% | ||
| Q3 24 | 61.4% | 82.1% | ||
| Q2 24 | 61.6% | 84.5% | ||
| Q1 24 | 55.9% | 85.3% |
| Q4 25 | 25.3% | 32.3% | ||
| Q3 25 | 14.0% | 30.4% | ||
| Q2 25 | 12.7% | 5.7% | ||
| Q1 25 | -0.9% | -31.2% | ||
| Q4 24 | 20.7% | -69.2% | ||
| Q3 24 | 9.3% | -36.4% | ||
| Q2 24 | 5.9% | -90.8% | ||
| Q1 24 | -9.3% | -6.1% |
| Q4 25 | 59.9% | 47.9% | ||
| Q3 25 | 11.2% | 42.3% | ||
| Q2 25 | 6.4% | 74.1% | ||
| Q1 25 | -6.2% | -5.1% | ||
| Q4 24 | 18.8% | -2.3% | ||
| Q3 24 | 3.2% | -126.1% | ||
| Q2 24 | -0.7% | -169.4% | ||
| Q1 24 | -11.9% | -18.7% |
| Q4 25 | $0.81 | $2.78 | ||
| Q3 25 | $0.13 | $2.91 | ||
| Q2 25 | $0.08 | $4.50 | ||
| Q1 25 | $-0.07 | $-0.39 | ||
| Q4 24 | $0.26 | $-0.01 | ||
| Q3 24 | $0.04 | $-9.39 | ||
| Q2 24 | $-0.01 | $-14.35 | ||
| Q1 24 | $-0.13 | $-1.71 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $553.4M | $226.6M |
| Total DebtLower is stronger | $556.1M | $1.4B |
| Stockholders' EquityBook value | $922.4M | $-171.5M |
| Total Assets | $3.2B | $1.7B |
| Debt / EquityLower = less leverage | 0.60× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $553.4M | $226.6M | ||
| Q3 25 | $482.1M | $184.2M | ||
| Q2 25 | $426.0M | $267.4M | ||
| Q1 25 | $429.7M | $138.3M | ||
| Q4 24 | $483.2M | $146.9M | ||
| Q3 24 | $387.2M | $159.2M | ||
| Q2 24 | $326.5M | $236.9M | ||
| Q1 24 | $252.8M | $190.7M |
| Q4 25 | $556.1M | $1.4B | ||
| Q3 25 | $556.3M | $1.3B | ||
| Q2 25 | $556.4M | $1.3B | ||
| Q1 25 | $556.6M | $1.4B | ||
| Q4 24 | $553.7M | $1.5B | ||
| Q3 24 | $553.8M | — | ||
| Q2 24 | $552.7M | — | ||
| Q1 24 | $552.7M | — |
| Q4 25 | $922.4M | $-171.5M | ||
| Q3 25 | $808.0M | $-260.5M | ||
| Q2 25 | $768.5M | $-351.7M | ||
| Q1 25 | $741.8M | $-496.8M | ||
| Q4 24 | $768.2M | $-488.2M | ||
| Q3 24 | $725.9M | $-497.6M | ||
| Q2 24 | $713.0M | $-218.3M | ||
| Q1 24 | $695.4M | $228.4M |
| Q4 25 | $3.2B | $1.7B | ||
| Q3 25 | $2.9B | $1.7B | ||
| Q2 25 | $2.9B | $1.5B | ||
| Q1 25 | $2.7B | $1.5B | ||
| Q4 24 | $2.9B | $1.8B | ||
| Q3 24 | $2.7B | $2.2B | ||
| Q2 24 | $2.6B | $3.2B | ||
| Q1 24 | $2.5B | $5.0B |
| Q4 25 | 0.60× | — | ||
| Q3 25 | 0.69× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | 0.72× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $128.5M | $26.2M |
| Free Cash FlowOCF − Capex | $103.1M | — |
| FCF MarginFCF / Revenue | 50.2% | — |
| Capex IntensityCapex / Revenue | 12.4% | — |
| Cash ConversionOCF / Net Profit | 1.04× | 0.29× |
| TTM Free Cash FlowTrailing 4 quarters | $165.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $128.5M | $26.2M | ||
| Q3 25 | $86.6M | $-60.6M | ||
| Q2 25 | $18.5M | $-25.6M | ||
| Q1 25 | $2.6M | $184.0K | ||
| Q4 24 | $114.7M | $-2.7M | ||
| Q3 24 | $91.3M | $19.5M | ||
| Q2 24 | $89.6M | $111.5M | ||
| Q1 24 | $-60.4M | $135.4M |
| Q4 25 | $103.1M | — | ||
| Q3 25 | $68.4M | — | ||
| Q2 25 | $6.0M | — | ||
| Q1 25 | $-11.8M | — | ||
| Q4 24 | $111.0M | — | ||
| Q3 24 | $77.3M | — | ||
| Q2 24 | $80.4M | — | ||
| Q1 24 | $-66.3M | — |
| Q4 25 | 50.2% | — | ||
| Q3 25 | 38.1% | — | ||
| Q2 25 | 3.5% | — | ||
| Q1 25 | -7.6% | — | ||
| Q4 24 | 57.2% | — | ||
| Q3 24 | 47.7% | — | ||
| Q2 24 | 49.4% | — | ||
| Q1 24 | -44.4% | — |
| Q4 25 | 12.4% | — | ||
| Q3 25 | 10.2% | — | ||
| Q2 25 | 7.2% | — | ||
| Q1 25 | 9.2% | — | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 8.7% | — | ||
| Q2 24 | 5.6% | — | ||
| Q1 24 | 3.9% | — |
| Q4 25 | 1.04× | 0.29× | ||
| Q3 25 | 4.32× | -0.66× | ||
| Q2 25 | 1.66× | -0.18× | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.15× | — | ||
| Q3 24 | 17.52× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MGNI
| Connected Television | $103.4M | 50% |
| Other | $55.7M | 27% |
| Desktop | $28.9M | 14% |
| Gross Revenue | $17.4M | 8% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
