PubMatic, Inc. (PUBM)

PubMatic Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	282.93	291.26	267.01	256.38	226.91
Revenue Growth (YoY)	-2.86%	9.08%	4.15%	12.99%	52.54%
Cost of Revenue	103.09	101.03	99.23	81.51	58.31
Gross Profit	179.84	190.23	167.79	174.87	168.6
Selling, General & Admin	163.28	153.04	139.02	113.5	93.92
Research & Development	33.82	33.26	26.73	20.85	15.89
Total Operating Expenses	197.1	186.3	165.75	134.35	109.81
Operating Income	-17.26	3.93	2.04	40.52	58.79
Interest Income	5.46	8.48	8.83	2.21	0.3
Other Non-Operating Income (Expense)	-4.15	5.37	-0.36	-5.27	5.71
Total Non-Operating Income (Expense)	1.31	13.85	8.47	-3.05	6.01
Pretax Income	-15.95	17.77	10.51	37.47	64.8
Provision for Income Taxes	-1.49	5.27	1.62	8.76	8.2
Net Income	-14.46	12.5	8.88	28.71	56.6
Net Income to Common	-14.46	12.5	8.88	28.71	56.6
Net Income Growth	-	40.79%	-69.06%	-49.29%	112.69%
Shares Outstanding (Basic)	47	49	52	52	50
Shares Outstanding (Diluted)	47	54	56	57	57
Shares Change (YoY)	-13.42%	-3.09%	-1.55%	0.49%	230.66%
EPS (Basic)	-0.31	0.25	0.17	0.55	1.13
EPS (Diluted)	-0.31	0.23	0.16	0.50	1.00
EPS Growth	-	43.75%	-68.00%	-50.00%	117.39%
Free Cash Flow	66.71	55.83	70.52	51.34	58.25
Free Cash Flow Growth	19.49%	-20.83%	37.35%	-11.86%	37971.24%
Free Cash Flow Per Share	1.42	1.03	1.26	0.90	1.03
Gross Margin	63.56%	65.31%	62.84%	68.21%	74.30%
Operating Margin	-6.10%	1.35%	0.76%	15.80%	25.91%
Profit Margin	-5.11%	4.29%	3.33%	11.20%	24.95%
FCF Margin	23.58%	19.17%	26.41%	20.03%	25.67%
EBITDA	26.51	49.28	46.81	74.77	81.86
EBITDA Margin	9.37%	16.92%	17.53%	29.16%	36.08%
EBIT	-17.26	3.93	2.04	40.52	58.79
EBIT Margin	-6.10%	1.35%	0.76%	15.80%	25.91%
Effective Tax Rate	9.35%	29.65%	15.46%	23.39%	12.65%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q