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10-Q Filing

MAGNITE, INC. CIK: 1595974 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0001595974-18-000040
Period End Date 20180331
Filing Date 20180503
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance rubiq12018classic_htm.xml
Balance Sheet 62 line items
Line Item Tag Value Unit Period
Preferred stock, shares authorized PreferredStockSharesAuthorized 10.00M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 10.00M shares Point-in-time
Preferred stock, par or stated value per share (usd per share) PreferredStockParOrStatedValuePerShare - USD Point-in-time
Preferred stock, par or stated value per share (usd per share) PreferredStockParOrStatedValuePerShare - USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $76.64M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $67.52M USD Point-in-time
Marketable securities MarketableSecurities $51.79M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Marketable securities MarketableSecurities $52.50M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Common stock, par or stated value per share CommonStockParOrStatedValuePerShare - USD Point-in-time
Common stock, par or stated value per share CommonStockParOrStatedValuePerShare - USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $165.89M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $137.53M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 500.00M shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $10.42M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 500.00M shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $9.62M USD Point-in-time
Common stock, shares, issued CommonStockSharesIssued 50.28M shares Point-in-time
Common stock, shares, issued CommonStockSharesIssued 50.24M shares Point-in-time
TOTAL CURRENT ASSETS AssetsCurrent $304.66M USD Point-in-time
TOTAL CURRENT ASSETS AssetsCurrent $267.26M USD Point-in-time
Common stock, shares, outstanding CommonStockSharesOutstanding 50.24M shares Point-in-time
Common stock, shares, outstanding CommonStockSharesOutstanding 50.28M shares Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $47.39M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $41.33M USD Point-in-time
Internal use software development costs, net InternalUseSoftwareDevelopmentCostsNet $13.84M USD Point-in-time
Internal use software development costs, net InternalUseSoftwareDevelopmentCostsNet $12.73M USD Point-in-time
Other assets, non-current OtherAssetsNoncurrent $5.49M USD Point-in-time
Other assets, non-current OtherAssetsNoncurrent $2.42M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $12.56M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $13.36M USD Point-in-time
TOTAL ASSETS Assets $383.63M USD Point-in-time
TOTAL ASSETS Assets $337.41M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $214.10M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $191.24M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $3.14M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $2.98M USD Point-in-time
TOTAL CURRENT LIABILITIES LiabilitiesCurrent $194.21M USD Point-in-time
TOTAL CURRENT LIABILITIES LiabilitiesCurrent $217.24M USD Point-in-time
Other liabilities, non-current OtherLiabilitiesNoncurrent $1.55M USD Point-in-time
Other liabilities, non-current OtherLiabilitiesNoncurrent $1.78M USD Point-in-time
TOTAL LIABILITIES Liabilities $219.02M USD Point-in-time
TOTAL LIABILITIES Liabilities $195.76M USD Point-in-time
Commitments and contingencies (Note 10) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 10) CommitmentsAndContingencies - USD Point-in-time
Preferred stock, $0.00001 par value, 10,000 shares authorized at March 31, 2018 and December 31, 2017; 0 shares issued and outstanding at March 31, 2018 and December 31, 2017 PreferredStockValue - USD Point-in-time
Preferred stock, $0.00001 par value, 10,000 shares authorized at March 31, 2018 and December 31, 2017; 0 shares issued and outstanding at March 31, 2018 and December 31, 2017 PreferredStockValue - USD Point-in-time
Common stock, $0.00001 par value; 500,000 shares authorized at March 31, 2018 and December 31, 2017; 50,280 and 50,239 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively CommonStockValue - USD Point-in-time
Common stock, $0.00001 par value; 500,000 shares authorized at March 31, 2018 and December 31, 2017; 50,280 and 50,239 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively CommonStockValue - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $418.35M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $423.01M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $245.00K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $41.00K USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-281.60M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-253.78M USD Point-in-time
TOTAL STOCKHOLDERS' EQUITY StockholdersEquity $164.61M USD Point-in-time
TOTAL STOCKHOLDERS' EQUITY StockholdersEquity $141.65M USD Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY LiabilitiesAndStockholdersEquity $383.63M USD Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY LiabilitiesAndStockholdersEquity $337.41M USD Point-in-time
Income Statement 38 line items
Line Item Tag Value Unit Period
Revenue Revenues $24.88M USD 1 Quarter
Revenue Revenues $46.02M USD 1 Quarter
Cost of revenue CostOfRevenue $14.78M USD 1 Quarter
Cost of revenue CostOfRevenue $14.69M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $12.26M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $14.63M USD 1 Quarter
Technology and development ResearchAndDevelopmentExpense $12.75M USD 1 Quarter
Technology and development ResearchAndDevelopmentExpense $10.49M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $15.08M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $12.54M USD 1 Quarter
Restructuring and other exit costs RestructuringCharges $2.47M USD 1 Quarter
Restructuring and other exit costs RestructuringCharges $4.34M USD 1 Quarter
Total expenses CostsAndExpenses $52.54M USD 1 Quarter
Total expenses CostsAndExpenses $61.49M USD 1 Quarter
Loss from operations OperatingIncomeLoss $-15.47M USD 1 Quarter
Loss from operations OperatingIncomeLoss $-27.67M USD 1 Quarter
Interest income, net InterestIncomeExpenseNet $271.00K USD 1 Quarter
Interest income, net InterestIncomeExpenseNet $167.00K USD 1 Quarter
Other income OtherOperatingIncome $210.00K USD 1 Quarter
Other income OtherOperatingIncome $212.00K USD 1 Quarter
Foreign exchange loss, net ForeignCurrencyTransactionGainLossBeforeTax $-554.00K USD 1 Quarter
Foreign exchange loss, net ForeignCurrencyTransactionGainLossBeforeTax $-372.00K USD 1 Quarter
Total other (income) expense, net NonoperatingIncomeExpense $7.00K USD 1 Quarter
Total other (income) expense, net NonoperatingIncomeExpense $-73.00K USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-15.46M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-27.74M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $375.00K USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $75.00K USD 1 Quarter
Net loss NetIncomeLoss $-15.84M USD 1 Quarter
Net loss NetIncomeLoss $-27.82M USD 1 Quarter
Basic (usd per share) EarningsPerShareBasic $-0.33 USD 1 Quarter
Basic (usd per share) EarningsPerShareBasic $-0.56 USD 1 Quarter
Diluted (usd per share) EarningsPerShareDiluted $-0.33 USD 1 Quarter
Diluted (usd per share) EarningsPerShareDiluted $-0.56 USD 1 Quarter
Weighted-average shares used to compute net income (loss) per share (in shares) WeightedAverageNumberOfSharesOutstandingBasic 48.33M shares 1 Quarter
Weighted-average shares used to compute net income (loss) per share (in shares) WeightedAverageNumberOfSharesOutstandingBasic 49.69M shares 1 Quarter
Weighted-average shares used to compute diluted net income (loss) per share (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 48.33M shares 1 Quarter
Weighted-average shares used to compute diluted net income (loss) per share (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 49.69M shares 1 Quarter
Cash Flow Statement 58 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-15.84M USD 1 Quarter
Net loss NetIncomeLoss $-27.82M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $8.71M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $10.12M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $4.54M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $6.24M USD 1 Quarter
Loss on disposal of property and equipment GainLossOnSaleOfPropertyPlantEquipment $-120.00K USD 1 Quarter
Loss on disposal of property and equipment GainLossOnSaleOfPropertyPlantEquipment $-258.00K USD 1 Quarter
Provision for doubtful accounts ProvisionForDoubtfulAccounts $96.00K USD 1 Quarter
Provision for doubtful accounts ProvisionForDoubtfulAccounts $209.00K USD 1 Quarter
Accretion of available for sale securities AccretionOfAvailableForSaleSecurities $57.00K USD 1 Quarter
Accretion of available for sale securities AccretionOfAvailableForSaleSecurities $154.00K USD 1 Quarter
Unrealized foreign currency gains, net ForeignCurrencyTransactionGainLossUnrealized $-227.00K USD 1 Quarter
Unrealized foreign currency gains, net ForeignCurrencyTransactionGainLossUnrealized $-119.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits - USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $282.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-58.29M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-28.26M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $170.00K USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $1.45M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-23.16M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-54.79M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-499.00K USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-422.00K USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-9.76M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $2.88M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $3.08M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $239.00K USD 1 Quarter
Capitalized internal use software development costs PaymentsToDevelopSoftware $2.29M USD 1 Quarter
Capitalized internal use software development costs PaymentsToDevelopSoftware $2.57M USD 1 Quarter
Investments in available-for-sale securities PaymentsToAcquireAvailableForSaleSecurities $19.24M USD 1 Quarter
Investments in available-for-sale securities PaymentsToAcquireAvailableForSaleSecurities $14.95M USD 1 Quarter
Maturities of available-for-sale securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $16.95M USD 1 Quarter
Maturities of available-for-sale securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $22.60M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-3.37M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $550.00K USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $368.00K USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $6.00K USD 1 Quarter
Taxes paid related to net share settlement PaymentsRelatedToTaxWithholdingForShareBasedCompensation $40.00K USD 1 Quarter
Taxes paid related to net share settlement PaymentsRelatedToTaxWithholdingForShareBasedCompensation - USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $368.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-34.00K USD 1 Quarter
EFFECT OF EXCHANGE RATE CHANGES ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $122.00K USD 1 Quarter
EFFECT OF EXCHANGE RATE CHANGES ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $62.00K USD 1 Quarter
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-9.13M USD 1 Quarter
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-56.00K USD 1 Quarter
CASH, CASH EQUIVALENTS AND RESTRICTED CASH Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $67.52M USD Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED CASH Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $149.50M USD Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED CASH Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $76.64M USD Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED CASH Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $149.44M USD Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED CASH End of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $67.52M USD Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED CASH End of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $149.50M USD Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED CASH End of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $76.64M USD Point-in-time
CASH, CASH EQUIVALENTS AND RESTRICTED CASH End of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $149.44M USD Point-in-time
Capitalized assets financed by accounts payable and accrued expenses CapitalExpendituresIncurredButNotYetPaid $237.00K USD 1 Quarter
Capitalized assets financed by accounts payable and accrued expenses CapitalExpendituresIncurredButNotYetPaid $254.00K USD 1 Quarter
Capitalized stock-based compensation EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount $145.00K USD 1 Quarter
Capitalized stock-based compensation EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount $166.00K USD 1 Quarter
Stockholders Equity 15 line items
Line Item Tag Value Unit Period
Beginning Balance (in shares) CommonStockSharesOutstanding 50.24M shares Point-in-time
Beginning Balance (in shares) CommonStockSharesOutstanding 50.28M shares Point-in-time
Beginning Balance StockholdersEquity $164.61M USD Point-in-time
Beginning Balance StockholdersEquity $141.65M USD Point-in-time
Exercise of common stock options StockIssuedDuringPeriodValueStockOptionsExercised $6.00K USD 1 Quarter
Shares withheld related to net share settlement AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $40.00K USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $4.69M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $204.00K USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $93.00K USD 1 Quarter
Net loss NetIncomeLoss $-15.84M USD 1 Quarter
Net loss NetIncomeLoss $-27.82M USD 1 Quarter
Ending Balance (in shares) CommonStockSharesOutstanding 50.24M shares Point-in-time
Ending Balance (in shares) CommonStockSharesOutstanding 50.28M shares Point-in-time
Ending Balance StockholdersEquity $164.61M USD Point-in-time
Ending Balance StockholdersEquity $141.65M USD Point-in-time
Comprehensive Income 10 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-15.84M USD 1 Quarter
Net loss NetIncomeLoss $-27.82M USD 1 Quarter
Unrealized loss on investments OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-4.00K USD 1 Quarter
Unrealized loss on investments OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-10.00K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $97.00K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $214.00K USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $204.00K USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $93.00K USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTax $-27.61M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTax $-15.75M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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