PubMatic Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	288.38	291.26	267.01	256.38	226.91	148.75
Revenue Growth (YoY)	-0.68%	9.08%	4.15%	12.99%	52.54%	30.63%
Cost of Revenue	102.54	101.03	99.23	81.51	58.31	41.19
Gross Profit	185.84	190.23	167.79	174.87	168.6	107.56
Selling, General & Admin	161.49	153.04	139.02	112.58	93.92	63.56
Research & Development	35.34	33.26	26.73	20.85	15.89	12.25
Operating Expenses	196.83	186.3	165.75	133.43	109.81	75.81
Operating Income	-10.98	3.93	2.04	41.44	58.79	31.76
Interest & Investment Income	5.77	8.48	8.83	2.21	0.3	0.54
Currency Exchange Gain (Loss)	-2.2	1.1	-1.5	0.7	0.1	0.6
Other Non Operating Income (Expenses)	0.27	4.27	1.14	-0.02	0.18	-1.31
EBT Excluding Unusual Items	-7.13	17.77	10.51	44.33	59.37	31.58
Merger & Restructuring Charges	-	-	-	-0.92	-	-
Gain (Loss) on Sale of Investments	-	-	-	-5.95	5.43	-
Pretax Income	-7.13	17.77	10.51	37.47	64.8	31.58
Income Tax Expense	0.12	5.27	1.62	8.76	8.2	4.97
Net Income	-7.25	12.5	8.88	28.71	56.6	26.61
Preferred Dividends & Other Adjustments	-	-	-	-	-	20.19
Net Income to Common	-7.25	12.5	8.88	28.71	56.6	6.43
Net Income Growth	-	40.79%	-69.06%	-49.29%	112.69%	300.62%
Shares Outstanding (Basic)	47	49	52	52	50	13
Shares Outstanding (Diluted)	47	54	56	57	57	17
Shares Change (YoY)	-12.54%	-3.09%	-1.55%	0.49%	230.66%	40.72%
EPS (Basic)	-0.15	0.25	0.17	0.55	1.13	0.51
EPS (Diluted)	-0.15	0.23	0.16	0.50	1.00	0.46
EPS Growth	-	43.75%	-68.00%	-50.00%	115.99%	1009.15%
Free Cash Flow	69.17	55.83	70.52	51.34	58.25	0.15
Free Cash Flow Per Share	1.46	1.03	1.26	0.90	1.03	0.01
Gross Margin	64.44%	65.31%	62.84%	68.21%	74.30%	72.31%
Operating Margin	-3.81%	1.35%	0.76%	16.16%	25.91%	21.35%
Profit Margin	-2.51%	4.29%	3.33%	11.20%	24.95%	4.32%
Free Cash Flow Margin	23.98%	19.17%	26.41%	20.03%	25.67%	0.10%
EBITDA	12.14	30.38	32.91	65.69	74.46	41.6
EBITDA Margin	4.21%	10.43%	12.32%	25.62%	32.82%	27.96%
D&A For EBITDA	23.12	26.45	30.87	24.25	15.67	9.84
EBIT	-10.98	3.93	2.04	41.44	58.79	31.76
EBIT Margin	-3.81%	1.35%	0.76%	16.16%	25.91%	21.35%
Effective Tax Rate	-	29.65%	15.46%	23.39%	12.65%	15.73%
Advertising Expenses	-	-	-	-	0.5	0.5

Updated Nov 10, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q