PubMatic, Inc. (PUBM)
NASDAQ: PUBM · Real-Time Price · USD
16.15
+0.58 (3.73%)
Nov 3, 2026, 4:00 PM EST - Market closed

PubMatic Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
289.17282.93291.26267.01256.38226.91
Revenue Growth
-1.04%-2.86%9.08%4.15%12.99%52.54%
Gross Profit
186.31179.84190.23167.79174.87168.6
Operating Income
-13.69-16.363.932.0441.4458.79
Net Income
-13.48-14.4612.58.8828.7156.6
Earnings Per Share
-0.29-0.310.230.160.501.00
EPS Growth
--43.75%-68.00%-50.00%115.99%

Revenue by Geography

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
United States
155.6158.07176.21158.11156.07139.05
EMEA
93.6190.5583.3984.9271.8762.53
APAC
33.9828.442519.2924.8420.91
Rest of the World
5.985.876.664.73.64.42
Revenue (Total)
289.17282.93291.26267.01256.38226.91

Cash & Debt

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
137.51145.52140.59175.34174.4159.63
Total Debt
40.9144.2145.8622.4627.3322.57
Net Cash (Debt)
96.6101.3194.72152.89147.06137.06
Net Cash Growth
34.35%6.96%-38.04%3.96%7.30%35.73%
Net Cash Per Share
2.082.161.742.732.582.42

Cash Flow & CapEx

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
88.0481.0673.4381.1287.2188.68
Capital Expenditures
-14.53-14.35-17.59-10.6-35.87-30.43
Free Cash Flow
73.5166.7155.8370.5251.3458.25
Free Cash Flow Growth
50.39%19.49%-20.83%37.35%-11.86%37971.24%

Margins

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
64.43%63.57%65.31%62.84%68.21%74.30%
Operating Margin
-4.73%-5.78%1.35%0.76%16.16%25.91%
Pretax Margin
-4.08%-5.64%6.10%3.93%14.61%28.56%
Profit Margin
-4.66%-5.11%4.29%3.33%11.20%24.95%
FCF Margin
25.42%23.58%19.17%26.41%20.03%25.67%

Valuation

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
--56.1293.2323.4630.86
Forward PE
21.37271.9478.50272.2937.4650.95
P/FCF Ratio
10.016.1712.5711.7413.1229.99
PS Ratio
2.541.462.413.102.637.70