PubMatic Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	281.67	282.93	291.26	267.01	256.38	226.91
Revenue Growth (YoY)	-2.33%	-2.86%	9.08%	4.15%	12.99%	52.54%
Cost of Revenue	103.59	103.09	101.03	99.23	81.51	58.31
Gross Profit	178.08	179.84	190.23	167.79	174.87	168.6
Selling, General & Admin	165.67	163.28	153.04	139.02	113.5	93.92
Research & Development	33.03	33.82	33.26	26.73	20.85	15.89
Total Operating Expenses	198.71	197.1	186.3	165.75	134.35	109.81
Operating Income	-20.63	-17.26	3.93	2.04	40.52	58.79
Interest Income	5.08	5.46	8.48	8.83	2.21	0.3
Other Non-Operating Income (Expense)	-4.19	-4.15	5.37	-0.36	-5.27	5.71
Total Non-Operating Income (Expense)	0.89	1.31	13.85	8.47	-3.05	6.01
Pretax Income	-19.74	-15.95	17.77	10.51	37.47	64.8
Provision for Income Taxes	-2.26	-1.49	5.27	1.62	8.76	8.2
Net Income	-17.49	-14.46	12.5	8.88	28.71	56.6
Net Income to Common	-17.49	-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	47	49	52	52	50
Shares Outstanding (Diluted)	47	47	54	56	57	57
Shares Change (YoY)	-7.80%	-13.42%	-3.09%	-1.55%	0.49%	230.66%
EPS (Basic)	-0.38	-0.31	0.25	0.17	0.55	1.13
EPS (Diluted)	-0.38	-0.31	0.23	0.16	0.50	1.00
EPS Growth	-	-	43.75%	-68.00%	-50.00%	117.39%
Shares Outstanding	46.56	46.89	48.1	50.25	52.71	51.85
Free Cash Flow	69.82	66.71	55.83	70.52	51.34	58.25
Free Cash Flow Growth	4.65%	19.49%	-20.83%	37.35%	-11.86%	37971.24%
Free Cash Flow Per Share	1.47	1.42	1.03	1.26	0.90	1.03
Gross Margin	63.22%	63.56%	65.31%	62.84%	68.21%	74.30%
Operating Margin	-7.32%	-6.10%	1.35%	0.76%	15.80%	25.91%
Profit Margin	-6.21%	-5.11%	4.29%	3.33%	11.20%	24.95%
FCF Margin	24.79%	23.58%	19.17%	26.41%	20.03%	25.67%
EBITDA	21.45	26.51	49.28	46.81	74.77	81.86
EBITDA Margin	7.62%	9.37%	16.92%	17.53%	29.16%	36.08%
EBIT	-20.63	-17.26	3.93	2.04	40.52	58.79
EBIT Margin	-7.32%	-6.10%	1.35%	0.76%	15.80%	25.91%
Effective Tax Rate	11.42%	9.35%	29.65%	15.46%	23.39%	12.65%

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q