The estimated useful lives of the Company’s property and equipment are as follows:
Years
Computer equipment and network hardware
3 to 5
Furniture, fixtures and office equipment
5 to 7
Leasehold improvementsShorter of useful life or life of lease
Purchased software
3
Major classes of property and equipment were as follows:
December 31, 2025December 31, 2024
(in thousands)
Computer equipment and network hardware$227,762 $184,155 
Furniture, fixtures and office equipment2,639 3,486 
Leasehold improvements1,117 2,576 
Purchased software
1,108 1,123 
Gross property and equipment232,626 191,340 
Accumulated depreciation(124,080)(122,610)
Property and equipment, net
$108,546 $68,730 
The Company's property and equipment, net by geographical region was as follows:
December 31, 2025December 31, 2024
(in thousands)
United States$95,035 $51,708 
International13,511 17,022 
Total$108,546 $68,730 
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Historical Timeline

Fiscal YearFiled
2025Feb 25, 2026Showing above
2024Feb 26, 2025
2023Feb 28, 2024
2022Feb 22, 2023
2021Feb 23, 2022
2020Feb 25, 2021
2019Feb 27, 2020
2018Feb 27, 2019
2017Mar 15, 2018
2016Mar 15, 2017
2015Mar 4, 2016

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.