Magnite (MGNI) Non-Current Deferred Tax Liability (2014 - 2024)
Magnite (MGNI) posted Non-Current Deferred Tax Liability of $287000.0 for Q2 2024, little changed on a QoQ basis from $288000.0 in Q1 2024, and down 94.67% year-over-year from $5.4 million in Q3 2023.
Analysis
Magnite (MGNI) Non-Current Deferred Tax Liability (2014 - 2024) Analysis & Trends
Magnite has reported Non-Current Deferred Tax Liability for 10 years, with the latest figure at $287000.0 in Q2 2024.
- On a quarterly basis, Non-Current Deferred Tax Liability fell 94.67% year-over-year to $287000.0 in Q2 2024; TTM through Jun 2024 was $287000.0, a 94.67% decrease from a year earlier, with the FY2023 full-year figure at $680000.0, down 99.04% from the prior year.
- Non-Current Deferred Tax Liability was $287000.0 for Q2 2024 at Magnite, roughly flat from $288000.0 in the prior quarter.
- The five-year high for Non-Current Deferred Tax Liability was $119.1 million in Q4 2021, with the low at $230000.0 in Q1 2021.
- Average Non-Current Deferred Tax Liability over 5 years is $20.4 million, with a median of $11.5 million recorded in 2022.
- The sharpest annual moves came in 2022 and 2023: Non-Current Deferred Tax Liability jumped 4903.91% in 2022, then tumbled 99.04% in 2023.
- Over 5 years, Non-Current Deferred Tax Liability stood at $27.7 million in 2020, then jumped by 330.1% to $119.1 million in 2021, then plunged by 40.46% to $70.9 million in 2022, then sank by 99.04% to $680000.0 in 2023, then sank by 57.79% to $287000.0 in 2024.
- The last three Non-Current Deferred Tax Liability figures came in at $287000.0 (Q2 2024), $288000.0 (Q1 2024), and $680000.0 (Q4 2023), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,184.93 Bn | 3,755.89 Bn | 73.85 Bn |
| 2 | AppLovin | 103.29 Bn | 100.24 Bn | 1.70 Bn |
| 3 | Trade Desk | 6.54 Bn | 5.05 Bn | 530.72 Mn |
| 4 | Magnite | 3.61 Bn | 3.27 Bn | 130.79 Mn |
| 5 | DoubleVerify Holdings | 2.08 Bn | 1.87 Bn | 161.31 Mn |
| 6 | Digital Turbine | 1.28 Bn | 1.24 Bn | - |
| 7 | Quinstreet | 991.48 Mn | 863.16 Mn | 49.81 Mn |
| 8 | Ibotta | 965.22 Mn | 817.04 Mn | 69.72 Mn |
| 9 | Taboola.com | 906.66 Mn | 773.61 Mn | 139.48 Mn |
| 10 | Mntn | 837.08 Mn | 599.80 Mn | 66.30 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2024 | 287,000.00 |
| Mar 31, 2024 | 288,000.00 |
| Dec 31, 2023 | 680,000.00 |
| Sep 30, 2023 | 4.40 Mn |
| Jun 30, 2023 | 5.38 Mn |
| Mar 31, 2023 | 4.71 Mn |
| Dec 31, 2022 | 70.92 Mn |
| Sep 30, 2022 | 11.51 Mn |
| Jun 30, 2022 | 11.51 Mn |
| Mar 31, 2022 | 11.51 Mn |
| Dec 31, 2021 | 119.10 Mn |
| Sep 30, 2021 | 19.49 Mn |
| Jun 30, 2021 | 18.74 Mn |
| Mar 31, 2021 | 230,000.00 |
| Dec 31, 2020 | 27.69 Mn |
| Dec 31, 2019 | 868,000.00 |
| Sep 30, 2017 | 42,000.00 |
| Jun 30, 2017 | 42,000.00 |
| Mar 31, 2017 | 42,000.00 |
| Dec 31, 2016 | 42,000.00 |