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Held by 283 of 5,944 reporting institutions (94th percentile) — extremely crowded.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $25.63 today, the market must believe free cash flow compounds 7.6%/yr for a decade (off $185M normalized FCF).
The market's 7.6% is more conservative than its 9-yr track record.
2-stage DCF · 0.14B shares · net debt $3M
mean -50.6% · volatility σ 106% · implied rate exceeded in 3/6 yrs
Central path = implied 7.6%/yr growth; shaded band = ±1σ (106%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Earnings are backed by cash (FCF ≥ net income) — high quality. Lower/negative accruals = higher quality (Sloan).
Comfortably covers interest; leverage falling year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $46M buybacks = $46M returned on $166M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Modest payoff on reinvested capital. Current ROIC on all capital: 10%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $553M covers the $209M due within a year 2.7× over. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Coverage is adequate but not comfortable. Effective rate ~3.4% on $556M of debt.
Cash of $553M fully covers short-term debt of $208M.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $714.0M 100.0% | $668.2M 100.0% | $619.7M 100.0% | $577.1M 100.0% | $468.4M 100.0% | $221.6M 100.0% | $156.4M 100.0% | $124.7M 100.0% | $155.5M 100.0% | $278.2M 100.0% |
| Cost of Revenue | $266.6M 37.3% | $258.8M 38.7% | $409.9M 66.1% | $307.2M 53.2% | $201.7M 43.1% | $77.7M 35.1% | $57.4M 36.7% | $60.0M 48.1% | $56.8M 36.5% | $73.2M 26.3% |
| Research & Development | $84.7M 11.9% | $95.2M 14.3% | $94.3M 15.2% | $93.8M 16.2% | $74.4M 15.9% | $51.5M 23.3% | $40.3M 25.7% | $37.9M 30.4% | $47.5M 30.5% | $51.2M 18.4% |
| Selling, General & Admin | $93.2M 13.1% | $96.9M 14.5% | $89.0M 14.4% | $81.4M 14.1% | $64.8M 13.8% | $53.0M 23.9% | $39.8M 25.4% | $42.4M 34.0% | $55.6M 35.7% | $68.6M 24.6% |
| Total Operating Expenses | $616.4M 86.3% | $617.1M 92.4% | $774.7M 125.0% | $689.9M 119.5% | $549.5M 117.3% | $275.9M 124.5% | $184.0M 117.6% | $188.3M 151.0% | $312.5M 200.9% | $303.1M 108.9% |
| Operating Income | $97.6M 13.7% | $51.1M 7.6% | -$155.0M -25.0% | -$112.8M -19.5% | -$81.1M -17.3% | -$54.2M -24.5% | -$27.6M -17.6% | -$63.6M -51.0% | -$157.0M -100.9% | -$24.9M -8.9% |
| Interest Expense | $18.9M 2.7% | $27.0M 4.0% | $32.4M 5.2% | $29.3M 5.1% | — | — | — | — | — | — |
| Interest & Investment Income | $12.7M 1.8% | $13.4M 2.0% | $11.1M 1.8% | $2.9M 0.5% | — | — | — | — | — | — |
| Other Income (Expense), net | -$27.0M -3.8% | -$24.6M -3.7% | -$2.5M -0.4% | -$22.8M -4.0% | -$13.9M -3.0% | $1.5M 0.7% | $593K 0.4% | $2.1M 1.7% | $431K 0.3% | $2.0M 0.7% |
| Pretax Income | $70.6M 9.9% | $26.5M 4.0% | -$157.5M -25.4% | -$135.6M -23.5% | -$95.0M -20.3% | -$52.7M -23.8% | -$27.0M -17.3% | -$61.5M -49.3% | -$156.5M -100.6% | -$22.9M -8.2% |
| Income Tax Expense | -$74.0M -10.4% | $3.7M 0.6% | $1.6M 0.3% | -$5.3M -0.9% | -$95.1M -20.3% | $693K 0.3% | -$1.5M -1.0% | $357K 0.3% | -$1.8M -1.1% | -$4.9M -1.7% |
| Net Income | $144.6M 20.3% | $22.8M 3.4% | -$159.2M -25.7% | -$130.3M -22.6% | $65K 0.0% | -$53.4M -24.1% | -$25.5M -16.3% | -$61.8M -49.6% | -$154.8M -99.5% | -$18.1M -6.5% |
| Per Share | ||||||||||
| EPS (Basic) | $1.01 | $0.16 | $-1.17 | $-0.98 | $0.00 | $-0.55 | $-0.48 | — | $-3.17 | $-0.39 |
| EPS (Diluted) | $0.95 | $0.16 | $-1.17 | $-0.98 | $0.00 | $-0.55 | $-0.48 | — | $-3.17 | $-0.39 |
| Weighted Avg Shares (Basic) | 142.6M | 140.6M | 136.6M | 132.9M | 126.3M | 96.7M | 52.6M | 50.6M | 48.9M | 46.7M |
| Weighted Avg Shares (Diluted) | 153.8M | 146.8M | 136.6M | 132.9M | 136.3M | 96.7M | 52.6M | 50.3M | 48.9M | 46.7M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
EOD close · as of 2026-09-17
Where each multiple sits in its own 12-yr range · 68th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 12-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 13.3× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 48.1 | 36.7 | 35.1 | 43.1 | 53.2 | 66.1 | 38.7 | 37.3 |
| R&D | 30.4 | 25.7 | 23.3 | 15.9 | 16.2 | 15.2 | 14.3 | 11.9 |
| SG&A | 34.0 | 25.4 | 23.9 | 13.8 | 14.1 | 14.4 | 14.5 | 13.1 |
| Operating Income | -51.0 | -17.6 | -24.5 | -17.3 | -19.5 | -25.0 | 7.6 | 13.7 |
| Income Tax | 0.3 | -1.0 | 0.3 | -20.3 | -0.9 | 0.3 | 0.6 | -10.4 |
| Net Income | -49.6 | -16.3 | -24.1 | 0.0 | -22.6 | -25.7 | 3.4 | 20.3 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on MGNI: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Ranked against 192 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GOOG | $4.15T | 31.8× | 27.8× | 10.3× | 15.1% | 59.7% | 32.8% | 31.8% | 28.5% | 0.3× | 4,874 |
| META | $1.72T | 29.1× | 17.1× | 8.6× | 22.2% | 82.0% | 30.1% | 27.8% | 21.9% | 0.6× | 4,839 |
| AMX | $1.40T | — | — | — | — | — | — | — | — | — | 318 |
| CHT | $354.7B | — | — | — | — | — | — | — | — | — | 206 |
| NFLX | $318.0B | 29.8× | 23.7× | 7.0× | 15.9% | 48.5% | 24.3% | 41.3% | 26.7% | 1.1× | 3,458 |
| CCZ | $239.2B | 12.0× | 6.4× | 1.9× | -0.0% | — | 16.2% | 20.6% | 19.4% | 0.2× | 1 |
| VZ | $204.2B | 11.9× | 4.2× | 1.5× | 2.5% | — | 12.4% | 16.2% | 16.2% | 0.0× | 3,122 |
| DIS | $200.2B | 15.4× | 10.3× | 2.1× | 3.4% | — | 13.1% | 11.3% | 8.2% | 1.8× | 2,883 |
| TMUS | $184.2B | 17.1× | 8.3× | 2.1× | 8.5% | — | 12.4% | 18.6% | 7.6% | 2.7× | 1,648 |
| T | $182.0B | 8.3× | 6.8× | 1.4× | 2.7% | — | 17.5% | 17.4% | 8.1% | 3.2× | 2,848 |
| VEON | $127.2B | — | — | — | — | — | — | — | — | — | 97 |
| DASH | $83.1B | 91.3× | 53.5× | 6.1× | 27.9% | — | 6.8% | 9.3% | 9.3% | — | 973 |
| WBD | $70.0B | 97.4× | 15.3× | 1.9× | -5.1% | — | 1.9% | 2.0% | 1.1% | 5.1× | 1,259 |
| EA | $52.6B | 59.7× | 36.1× | 7.0× | 0.9% | 79.0% | 11.8% | 13.1% | 13.1% | — | 998 |
| LYV | $39.6B | — | 25.1× | 1.6× | 8.8% | — | 2.0% | 183% | 5.9% | 5.0× | 779 |
| TTWO | $39.0B | — | 424.4× | 5.9× | 18.2% | 57.2% | -4.5% | -8.5% | -4.9% | 26.7× | 1,011 |
| TWLO | $37.5B | 1172.6× | 107.1× | 7.4× | 13.7% | 48.9% | 0.7% | 0.4% | 0.4% | 2.8× | 776 |
| RDDT | $28.5B | 58.3× | 60.1× | 12.9× | 69.4% | 91.2% | 24.1% | 18.1% | 18.1% | — | 765 |
| FOX | $26.9B | 11.9× | — | 1.6× | 16.6% | — | 14.1% | 19.2% | 12.4% | — | 505 |
| OMC | $24.6B | — | 57.5× | 1.4× | 10.1% | 8.5% | -0.3% | -0.5% | -0.3% | 15.8× | 1,083 |
| ROKU | $22.8B | 261.1× | 530.2× | 4.8× | 15.2% | 43.8% | 1.9% | 3.3% | 3.3% | — | 665 |
| FWONA | $21.5B | — | 39.5× | 4.8× | 22.7% | — | 12.4% | 7.2% | 4.3% | 7.9× | 283 |
| NWS | $18.9B | 16.1× | — | 2.2× | 2.4% | — | 14.0% | 13.4% | 11.0% | — | 304 |
| CHTR | $18.0B | 3.7× | 5.3× | 0.3× | -0.6% | — | 9.1% | 31.1% | 4.5% | 4.5× | 760 |
| TKO | $15.3B | 83.8× | 13.8× | 3.2× | -3.1% | — | 4.1% | 5.2% | 2.6% | 2.9× | 616 |
| MGNI | $3.7B | 27.0× | 24.2× | 5.1× | 6.9% | 62.7% | 20.3% | 15.7% | 9.8% | 3.7× | 283 |
Peers = companies sharing MGNI's sector (Communication Services) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.