Saturday 17 October 2026
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PubMatic, Inc.
PUBM Technology Software Application
PubMatic, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $282.9 million, down 2.86% from fiscal 2024. In the quarter to June 2026, revenue grew 10.6%, EPS grew 72.7% and free cash flow grew 47.5%, each against the same quarter a year earlier.
16.64
1.19
−6.67%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | |
|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
5 | 8 | 5 | 4 | 7 | — | — | — | — |
P/E ratio |
0.00 | 56.50 | 89.00 | 24.39 | 30.40 | 16.45 | 38.39 | 38.39 | — |
Altman Z-Score |
1.47 | 1.89 | 2.25 | 2.48 | 4.94 | 2.37 | — | — | — |
P/S ratio |
1.47 | 2.48 | 3.11 | 2.69 | 7.53 | 3.76 | 2.40 | 2.40 | — |
P/FCF ratio |
9.02 | 20.72 | 15.69 | 17.97 | 34.65 | 0.00 | 17.58 | 17.58 | — |
Altman Z″-Score (non-manufacturers) |
2.55 | 2.71 | 3.16 | 4.13 | 4.54 | 4.29 | 2.72 | — | — |
Beneish M-Score |
(3.25) | (2.64) | (2.86) | (2.59) | (2.04) | (1.72) | — | — | — |
P/Operating CF |
22.96 | 40.06 | 28.92 | 35.57 | 60.00 | 64.78 | 82.62 | 82.62 | — |
P/B ratio |
1.59 | 2.61 | 2.80 | 2.21 | 6.64 | 3.18 | 18.93 | 18.93 | — |
Price to Tangible BV |
1.81 | 2.97 | 3.18 | 2.51 | 6.81 | 3.30 | 18.93 | 18.93 | — |
EV/Sales |
0.96 | 2.00 | 2.45 | 2.01 | 6.83 | 3.08 | 1.96 | 1.96 | — |
EV/EBITDA |
10.57 | 12.89 | 15.31 | 6.88 | 18.92 | 9.66 | 8.22 | 8.22 | — |
EV/Operating CF |
3.35 | 7.93 | 8.06 | 5.89 | 17.47 | 18.81 | 4.90 | 4.90 | — |
EV/FCF |
5.88 | 16.69 | 12.38 | 13.42 | 31.41 | (64.71) | 14.38 | 14.38 | — |
Quick Ratio |
1.34 | 1.35 | 1.45 | 1.62 | 1.67 | 1.67 | 1.57 | 1.60 | — |
Current Ratio |
1.39 | 1.37 | 1.48 | 1.67 | 1.73 | 1.71 | 1.61 | 1.66 | — |
Net Debt/EBITDA |
(5.66) | (3.11) | (4.11) | (2.33) | (1.95) | (2.13) | 0.27 | (2.07) | — |
Debt/Assets |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 29.51% | 0.00% | 0.00% |
Debt/Equity |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.60 | 0.00 | — |
Asset Turnover |
0.40 | 0.41 | 0.40 | 0.43 | 0.49 | 0.51 | 1.10 | 0.00 | — |
Operating CF/Net income |
(5.60) | 5.87 | 9.13 | 3.04 | 1.57 | 3.79 | 5.29 | 3.52 | — |
Capex/Depreciation |
(0.81) | (0.93) | (0.70) | (1.43) | (1.71) | (1.99) | (1.18) | (0.80) | — |
| (5.36%) | 4.36% | 2.92% | 10.08% | 26.17% | 6.81% | 74.14% | 49.39% | — | |
| (2.04%) | 1.74% | 1.33% | 4.81% | 12.29% | 2.22% | 6.40% | 0.00% | — | |
ROIC |
(9.21%) | 1.80% | 1.05% | 18.38% | 37.66% | 26.66% | 27.90% | 0.00% | — |
Return on Tangible Assets |
(7.25%) | 5.81% | 3.65% | 10.53% | 23.21% | 3.88% | 7.59% | 5.66% | — |
Average Days of Receivables |
462.16 | 532.37 | 513.25 | 447.46 | 461.53 | 538.64 | 377.13 | 401.88 | — |
Research and Development Expense of Revenue |
11.95% | 11.42% | 10.01% | 8.13% | 7.00% | 8.24% | 10.94% | 12.71% | — |
Selling, General and Administrative Expense of Revenue |
57.71% | 52.54% | 52.07% | 44.27% | 41.39% | 42.73% | 49.89% | 50.82% | — |
Intangible Assets out of Total Assets |
0.05 | 0.05 | 0.05 | 0.06 | 0.01 | 0.02 | 0.03 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
13.56% | 12.94% | 10.81% | 8.05% | 6.22% | 2.40% | 1.76% | 3.20% | — |
Graham Net Nets |
0.25 | 0.16 | 0.20 | 0.25 | 0.10 | 0.24 | 0.58 | 0.58 | — |
Graham Number |
0.00 | 5.74 | 4.81 | 8.52 | 11.36 | 18.32 | 0.00 | 0.00 | — |
Earnings Yield |
(3.49%) | 1.77% | 1.12% | 4.10% | 3.29% | 6.08% | 2.60% | 2.60% | — |
Free Cash Flow Yield |
11.08% | 4.83% | 6.37% | 5.57% | 2.89% | (1.27%) | 5.69% | 5.69% | — |
Revenue per Share |
6.02 | 5.92 | 5.16 | 4.90 | 4.52 | 11.77 | 11.35 | 8.82 | — |
Operating CF per Share |
1.72 | 1.49 | 1.57 | 1.67 | 1.77 | 1.92 | 3.50 | 1.39 | — |
Capex per Share |
(0.74) | (0.78) | (0.55) | (0.94) | (0.78) | (2.48) | (1.49) | (0.86) | — |
Free Cash Flow per Share |
0.98 | 0.71 | 1.02 | 0.73 | 0.98 | (0.56) | 2.01 | 0.53 | — |
Cash per Share |
3.10 | 2.86 | 3.39 | 3.34 | 3.18 | 7.99 | 5.52 | 3.16 | — |
Shareholders Equity per Share |
5.59 | 5.63 | 5.72 | 5.97 | 5.12 | 13.88 | 1.32 | 0.00 | — |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Book value per Share |
5.59 | 5.63 | 5.72 | 5.97 | 5.12 | 13.88 | 1.32 | 0.00 | — |
Free Cash Flow |
46.20 | 34.90 | 52.83 | 38.32 | 49.32 | (7.07) | 20.13 | 5.94 | — |
Working Capital |
146.80 | 156.74 | 182.36 | 201.45 | 193.78 | 135.54 | 67.14 | 59.45 | — |
Capital Expenditures |
(34.86) | (38.53) | (28.29) | (48.89) | (39.36) | (31.40) | (14.99) | (9.66) | — |
Net Current Asset Value |
105.04 | 113.29 | 162.91 | 173.49 | 167.71 | 131.30 | (16.51) | 149.91 | — |
EV/EBIT |
0.00 | 148.29 | 321.15 | 12.69 | 26.35 | 14.41 | 0.00 | 0.00 | — |
Capex to Sales |
0.12 | 0.13 | 0.11 | 0.19 | 0.17 | 0.21 | 0.13 | 0.10 | — |
Price to Operating Income |
0.00 | 184.09 | 407.27 | 16.99 | 29.07 | 17.59 | 0.00 | 0.00 | — |
| Other line items | |||||||||
Depreciation/Fixed assets |
0.82 | 0.70 | 0.67 | 0.48 | 0.46 | 0.52 | 0.62 | 0.64 | — |
Cash ROIC |
11.32% | 8.35% | 11.20% | 7.88% | 11.83% | (2.56%) | 15.49% | 16.59% | — |
Accounts Receivable Turnover |
0.72 | 0.73 | 0.77 | 0.85 | 0.90 | 0.88 | 1.00 | 0.87 | — |
Accounts Payable Turnover |
0.28 | 0.28 | 0.32 | 0.31 | 0.28 | 0.30 | 0.40 | 0.34 | — |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Average Days of Payables |
1,216.67 | 1,396.75 | 1,278.87 | 1,242.22 | 1,529.28 | 1,566.23 | 1,004.74 | 956.60 | — |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Average Receivables |
391.53 | 400.14 | 344.88 | 300.61 | 253.21 | 168.58 | 113.47 | 113.47 | — |
Average Payables |
365.11 | 367.14 | 312.54 | 260.87 | 210.53 | 138.06 | 90.62 | 90.62 | — |
Average Assets |
709.86 | 717.38 | 668.71 | 596.20 | 460.73 | 289.35 | 103.72 | 0.00 | — |
Average Common Equity |
269.93 | 286.73 | 304.19 | 284.68 | 216.30 | 94.36 | 8.96 | 8.96 | — |
Columns are period end dates