PubMatic, Inc. (PUBM)

PubMatic Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	278.31	267.01	256.38	226.91	148.75	113.87
Revenue Growth (YoY)	8.19%	4.15%	12.99%	52.55%	30.63%	14.72%
Cost of Revenue	100.79	99.23	81.51	58.31	41.19	36.1
Gross Profit	177.52	167.79	174.87	168.6	107.56	77.77
Selling, General & Admin	142.17	139.02	113.5	93.92	63.56	56.81
Research & Development	28.17	26.73	20.85	15.89	12.25	12.45
Operating Expenses	170.34	165.75	134.35	109.81	75.81	69.26
Operating Income	7.18	2.04	40.52	58.79	31.76	8.51
Other Expense / Income	-9.87	-8.47	3.05	-6.01	0.18	-0.71
Pretax Income	17.05	10.51	37.47	64.8	31.58	9.22
Income Tax	4.75	1.62	8.76	8.2	4.97	2.58
Net Income	12.3	8.88	28.71	56.6	26.61	6.64
Net Income Growth	-31.89%	-69.06%	-49.29%	112.69%	300.62%	50.12%
Shares Outstanding (Basic)	50	52	52	50	13	10
Shares Outstanding (Diluted)	50	56	57	57	17	12
Shares Change	-5.12%	-1.55%	0.49%	230.66%	40.72%	-14.04%
EPS (Basic)	0.23	0.17	0.55	1.13	0.51	0.04
EPS (Diluted)	0.22	0.16	0.50	1.00	0.46	0.04
EPS Growth	-29.03%	-68.00%	-50.00%	117.39%	1050.00%	-
Free Cash Flow	63.76	52.83	38.32	49.32	-7.07	20.13
Free Cash Flow Per Share	1.27	1.02	0.73	0.98	-0.56	2.01
Gross Margin	63.78%	62.84%	68.21%	74.30%	72.31%	68.29%
Operating Margin	2.58%	0.76%	15.80%	25.91%	21.35%	7.47%
Profit Margin	4.42%	3.33%	11.20%	24.95%	17.89%	5.83%
Free Cash Flow Margin	22.91%	19.79%	14.95%	21.74%	-4.76%	17.68%
Effective Tax Rate	27.86%	15.46%	23.39%	12.65%	15.73%	27.97%
EBITDA	67.9	61.42	77.55	89.92	47.32	21.89
EBITDA Margin	24.40%	23.00%	30.25%	39.63%	31.81%	19.23%
Depreciation & Amortization	50.85	50.92	40.08	25.12	15.74	12.67
EBIT	17.05	10.51	37.47	64.8	31.58	9.22
EBIT Margin	6.13%	3.93%	14.61%	28.56%	21.23%	8.10%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).