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NASDAQ · SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. · MID CAP

PubMatic, Inc. PUBM

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$282.9M
▼ 2.9% YoY
$-14.5M
▼ 215.7% YoY
$66.7M
▲ 19.5% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

It generates revenue from the use of its platform for the purchase and sale of digital advertising inventory and value-added features and functionality. As of December 31, 2025, it had 1,030 employees, of whom 322 were located in the United States, 573 in India, and 135 in its other offices around the world. Its platform and suite of solutions serve four primary customer types: publishers, primarily large omnichannel partners across display, video, mobile web, app, and CTV; buyers, including DSPs, agency holding companies, independent agencies, and advertisers, mostly for brand-oriented spend; data partners and curators that leverage its platform for activation, measurement, and privacy-safe audience solutions; and retail and commerce media participants using its platform for onsite monetization today and offsite monetization in the future. It currently owns two issued U.S. patents, expiring in 2034, relating to online advertising and auction techniques, as well as one issued Japanese patent. PubMatic, Inc. was incorporated in the State of Delaware in 2006.

Written from the business description in PUBMATIC, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth

USD 282.9M
Revenue, FY2025 · full 7-year series below
Revenue $M Net income $M
FY2025 · Revenue 282.9 · Net income -14.5
150M300M
201920222025
Compound annual growth
+3.3%
+13.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +13.7% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−5 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -6.1% · Net -5.1%
10%20%-2%-4%-6%
201920222025
ROE
FY2025 · ROE -5.4%
20%40%
201920222025
Three returns, three denominators.

Each USD of equity lost 5 cents this year.

Cash & shareholders

USD 44.7M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 66.7
25.0M50.0M
201920222025
Net buybacks $M Dividends $M
FY2025 · Dividends · · Net buybacks 44.7
30M60M
2019202020212022202320242025

USD 44.7M in buybacks went back to shareholders in a year without profit.

Total assetsUSD 680.2M
EquityUSD 262.6M
CashUSD 145.5M
Current ratio1.39×

Equity funds 39% of total assets.

The 7-year record

7 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
PUBM, 7-year financial record
Metric 2025202420232022202120202019
Revenue $B0.30.30.30.30.20.10.1
Operating income $B−0.00.00.00.00.10.00.0
EBITDA $B0.00.00.00.10.10.00.0
Income tax $B−0.00.00.00.00.00.00.0
Net income $B−0.00.00.00.00.10.00.0
Free cash flow $B0.10.10.10.10.10.00.0
EPS, diluted $−0.310.230.160.501.000.460.04
Dividend / sh $◌◌◌◌◌◌◌
Payout % — not applicable: no dividend———————
ROE %−5.44.42.910.126.228.250.0

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 33 reconciliationsAUDITED

Reconciled in 7 of the 7 fiscal years we could check. 26 checks were skipped: the balance sheet is not tagged before 2020. 12 checks were skipped: EPS is not tagged before 2019. 12 checks were skipped: revenue is not tagged before 2019.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Computer Programming, Data Processing, Etc.
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2019

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