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Pubmatic Inc (PUBM) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

TECHNOLOGY · SOFTWARE - APPLICATION · DATA UPDATED 2026-09-19

Pubmatic Inc (PUBM) operates in the SOFTWARE - APPLICATION industry and is headquartered in Redwood City, United States with about 1,030 employees. Its market capitalization is roughly $773 million. In the fiscal year ended 2025-12-31, PUBM reported $283M in revenue and ($14M) in net income.

PubMatic, Inc., a technology company, engages in the provision of a cloud infrastructure platform that enables real time programmatic advertising transactions for digital content creators, advertisers, agencies, agency trading desks, and demand side platforms worldwide.

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PUBM Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-31
Total Revenue$289M$283M$291M$267M$256M$227M$149M$114M$99M
Gross Profit$186M$180M$190M$168M$175M$169M$108M$78M$68M
Gross Margin %64.4%63.6%65.3%62.8%68.2%74.3%72.3%68.3%68.5%
Operating Income (EBIT)($14M)($17M)$4M$2M$41M$59M$32M$9M$5M
Operating Margin %-4.9%-6.1%1.4%0.8%15.8%25.9%21.3%7.5%5.0%
Net Income($13M)($14M)$13M$9M$29M$57M$27M$7M$4M
Net Margin %-4.7%-5.1%4.3%3.3%11.2%24.9%17.9%5.8%4.5%
EBITDA$38M$28M$63M$55M$78M$80M$47M$22M$12M
Earnings Per Share (EPS)$-0.30$-0.31$0.23$0.16$0.50$1.00$0.55$0.14$0.09
Shares Outstanding (M)46M47M54M56M57M57M48M48M48M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

PUBM Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$79M$63M$80M$68M$71M$64M$86M$72M
Gross Profit$53M$36M$55M$43M$44M$38M$61M$46M
Gross Margin %67.1%58.3%68.2%62.6%62.6%59.9%70.8%64.5%
Operating Income (EBIT)$1M($15M)$9M($8M)($5M)($12M)$15M($1M)
Operating Margin %0.7%-23.7%10.7%-12.4%-7.7%-18.6%17.3%-1.9%
Net Income($1M)($13M)$7M($6M)($5M)($9M)$14M($1M)
Net Margin %-1.5%-20.0%8.3%-9.5%-7.3%-14.9%16.3%-1.3%
EBITDA$22M($5M)$19M$2M$6M$0M$30M$11M
Earnings Per Share (EPS)$-0.03$-0.27$0.14$-0.14$-0.11$-0.20$0.26$-0.02
Shares Outstanding (M)46M47M49M46M47M48M53M49M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

PUBM Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-31
Cash from Operations (CFO)$88M$81M$73M$81M$87M$89M$24M$35M$16M
Capital Expenditures (CapEx)$41M$14M$39M$28M$49M$39M$31M$15M$10M
Free Cash Flow (FCF)$47M$67M$35M$53M$38M$49M($7M)$20M$6M
FCF Margin %16.2%23.6%12.0%19.8%14.9%21.7%-4.8%17.7%6.0%
Dividends Paid$58M$1M$9M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

PUBM Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)$20M$17M$18M$32M$15M$16M$18M$19M
Capital Expenditures (CapEx)$7M$0M$25M$10M$6M$8M$9M$16M
Free Cash Flow (FCF)$14M$17M($7M)$23M$9M$7M$9M$3M
FCF Margin %17.4%27.6%-8.5%33.5%13.0%11.4%10.4%4.0%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

PUBM Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-31
Total Assets$700M$680M$740M$695M$642M$550M$371M$207M$178M
Cash & Cash Equivalents$120M$146M$100M$79M$92M$83M$81M$34M$21M
Total Liabilities$461M$418M$462M$399M$330M$293M$196M$175M$155M
Total Debt (Short + Long-Term)$8M$7M$6M$6M$6M$4M$0M$0M$0M
Total Shareholders' Equity$239M$263M$277M$296M$312M$257M$175M$32M$24M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive PUBM viewer.

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