MAGN (MAGN) financial statements
MAGN reported revenue of $3.2B in fiscal 2025, up 16.7% a year over 9 years.
Net income was -$159M and the operating margin 0.2%, against 4.2% in 2017.
Free cash flow was $36M.
The diluted share count fell 20% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from MAGN's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $800M | $866M | $928M | $916M | $1.1B | $1.5B | $2.3B | $1.4B | $2.2B | $3.2B |
| Cost of revenue | $657M | $736M | $780M | $769M | $940M | $1.3B | $2.0B | $1.3B | $1.9B | $2.9B |
| Gross profit | $144M | $130M | $148M | $148M | $145M | $149M | $280M | $130M | $237M | $337M |
| Research and development | — | — | — | — | — | — | $15M | — | $13M | $20M |
| Selling, general and admin | $111M | $112M | $95M | $99M | $121M | $125M | $110M | $110M | $107M | $190M |
| Operating income | $33M | $22M | $55M | $49M | $29M | -$164M | $69M | $3M | -$141M | $5M |
| Interest expense | $13M | $16M | $10M | $7M | $12M | $33M | $0 | $65M | $3M | $141M |
| Pre-tax income | $19M | $7M | -$34M | $32M | $14M | -$204M | $72M | -$71M | -$135M | -$166M |
| Income tax | $25M | $8M | -$9M | $12M | $7M | -$10M | $34M | $7M | $19M | -$7M |
| Net income | $8M | -$178M | -$22M | $21M | $7M | -$194M | $38M | -$79M | -$154M | -$159M |
| EPS (diluted) | $0.18 | -$4.06 | -$0.49 | $0.48 | $0.15 | -$4.33 | $1.19 | -$1.75 | -$4.84 | -$4.47 |
| Diluted shares | 44M | 44M | 44M | 45M | 45M | 45M | 32M | 45M | 32M | 36M |
| Gross margin | 17.9% | 15.1% | 15.9% | 16.1% | 13.3% | 10.0% | 12.3% | 9.3% | 10.8% | 10.5% |
| Operating margin | 4.2% | 2.5% | 5.9% | 5.4% | 2.6% | -11.0% | 3.0% | 0.2% | -6.4% | 0.2% |
| Net margin | 1.0% | -20.5% | -2.3% | 2.3% | 0.6% | -13.0% | 1.7% | -5.6% | -7.0% | -5.0% |
Balance sheet
Fiscal years, from MAGN's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $116M | $143M | $126M | $100M | $138M | $111M | $53M | $50M | $230M | $305M |
| Receivables | $111M | $120M | $124M | $123M | $170M | $196M | $168M | $171M | $359M | $522M |
| Inventory | $136M | $173M | $190M | $196M | $280M | $309M | $302M | $298M | $259M | $474M |
| Total current assets | $585M | $469M | $477M | $453M | $637M | $679M | $595M | $606M | $886M | $1.4B |
| Property, plant and equipment | $515M | $556M | $537M | $543M | $759M | $676M | $655M | $663M | $949M | $1.5B |
| Goodwill | $83M | $153M | $151M | $164M | $236M | $105M | $105M | $108M | $624M | $663M |
| Total assets | $1.7B | $1.3B | $1.3B | $1.3B | $1.9B | $1.6B | $1.5B | $1.6B | $2.8B | $4.0B |
| Total current liabilities | $347M | $233M | $231M | $233M | $371M | $360M | $256M | $280M | $457M | $601M |
| Long-term debt | $470M | $401M | $337M | $288M | $738M | $793M | $848M | $853M | $0 | $2.0B |
| Total liabilities | $1.0B | $801M | $728M | $709M | $1.3B | $1.3B | $1.3B | $1.3B | $668M | $2.9B |
| Shareholders' equity | $709M | $539M | $556M | $578M | $543M | $318M | $2.4B | $257M | $2.1B | $1.1B |
| Net debt | $365M | $269M | $234M | $214M | $626M | $723M | $797M | $804M | -$230M | $1.6B |
Cash flow
Fiscal years, from MAGN's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $53M | -$6M | $103M | $109M | $71M | -$41M | $257M | -$26M | $192M | $103M |
| Capital spending | $81M | $42M | $28M | $28M | $30M | $38M | $88M | $34M | $72M | $67M |
| Free cash flow | -$28M | -$48M | $75M | $81M | $41M | -$79M | $169M | -$59M | $120M | $36M |
| Stock-based compensation | $5M | $6M | $4M | $6M | $5M | $831,000 | $7M | $3M | $7M | $19M |
| Dividends paid | $22M | $23M | $23M | $23M | $24M | $19M | — | $0 | — | — |
| Net borrowing | -$10M | -$11M | $232M | -$23M | $21M | -$35M | -$4M | $34M | -$2M | -$484M |
| Free cash flow margin | -3.4% | -5.6% | 8.1% | 8.8% | 3.8% | -5.3% | 7.4% | -4.2% | 5.5% | 1.1% |
| Dividends per share | $0.51 | $0.52 | $0.52 | $0.53 | $0.54 | $0.42 | — | — | — | — |
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Open MAGN in InvestinglyQuestions
What was MAGN's revenue in 2025?
$3.2B in fiscal 2025, from its 10-K filing.
How much free cash flow does MAGN generate?
$36M in fiscal 2025 (operating cash flow minus capital spending).
From MAGN's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.