Saturday 17 October 2026 Export PUBM’s income statement to Excel — free account

PubMatic, Inc.

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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Market cap: $812.2M
P/E: 0.0×
Fwd P/E: −31.6×
Dividend yield: —
F-score: 5/9
Altman Z: 1.47
Beneish M: −3.25
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 21.48

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	3	2	10	2	2	10	4	3	10	6	4	9

Insider Ownership 20.01%

Capital & Financial Ratios $m

Market Cap 812.15

Revenue 289.17

Net Income (13.48)

Free Cash Flow 54.01

Net Debt (137.51)

Current Ratio 1.27

Debt/Equity 0.00

P/E ratio 0.00

Fwd P/E (31.60)

P/S ratio 2.65

P/B ratio 3.21

Past 5Y EPS Growth —

This Y EPS Growth 68.66%

Next Y EPS Growth 257.19%

Next Y revenue growth 9.04%

Next 5Y EPS Growth 14.56%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 38.50%

10-year low 10-year high

P/B against its own 10 years 59.25%

10-year low 10-year high

EV/Sales against its own 10 years 42.45%

10-year low 10-year high

EV/FCF against its own 10 years 29.64%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	175	141	146	138
Receivables	375	425	358	383
Inventory	—	—	—	—
Other	—	—	—	—
	562	576	523	538

	2023	2024	2025	Q'26
Payables	348	387	344	390
ST’ Debt	—	—	—	—
Other	—	—	—	—
	380	419	376	422

Compound Annual Growth %

	10y	5y	3y
Sales	—	13.72%	3.34%
Cash Flow	—	27.21%	(2.41%)
Earnings	—	0.00%	0.00%
Book Value	—	8.40%	(5.60%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	63	79	—	—	—
’25	64	71	68	80	283
’24	67	67	72	86	291
’23	55	63	64	85	267
’22	55	63	65	74	256
’21	44	50	58	76	227
’20	28	26	38	56	149

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	17	20	—	—	—
’25	16	15	32	18	81
’24	24	12	19	18	73
’23	13	16	24	29	81
’22	19	20	28	19	87
’21	13	21	26	28	89
’20	15	(3)	4	9	24

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	11	14	—	—	—
’25	7	9	23	7	46
’24	16	7	3	9	35
’23	5	11	17	20	53
’22	15	6	11	7	38
’21	9	8	13	19	49
’20	11	(10)	(3)	(4)	(7)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.27)	(0.03)	—	—	—
’25	(0.20)	(0.11)	(0.14)	0.14	(0.31)
’24	(0.05)	0.04	(0.02)	0.26	0.23
’23	(0.11)	(0.11)	0.03	0.34	0.16
’22	0.08	0.14	0.06	0.22	0.50
’21	0.09	0.18	0.24	0.50	1.00
’20	0.07	0.05	0.39	0.66	0.46

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	22.42	21.61	12.19	10.92	13.18	7.01	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	38.70	76.96	34.75	20.08	25.36	17.32
People
People	Employees	—	—	—	—	548	713	875	948	1,049	1,030
	Revenue/emp, $m	—	—	0.00	0.00	0.27	0.32	0.29	0.28	0.28	0.27
Income, $m
Income, $m	Revenue	—	—	99	114	149	227	256	267	291	283
	Gross margin, %	—	—	68.53	68.29	72.31	74.30	68.21	62.84	65.31	63.56
	EBT	—	—	6	9	32	65	37	11	18	(16)
	EBT margin, %	—	—	5.67	8.10	21.23	28.56	14.61	3.93	6.10	(5.64)
	Net income	—	0	4	7	27	57	29	9	13	(14)
	Depreciation	—	—	12	13	16	23	34	41	41	43
Per share, $
Per share, $	Revenue	—	—	8.82	11.35	11.77	4.52	4.90	5.16	5.92	6.02
	Earnings	—	—	0.39	0.66	0.51	1.13	0.55	0.17	0.25	(0.31)
	Cash flow	—	—	1.39	3.50	1.92	1.77	1.67	1.57	1.49	1.72
	Capex	—	—	(0.86)	(1.49)	(2.48)	(0.78)	(0.94)	(0.55)	(0.78)	(0.74)
	Free cash flow	—	—	0.53	2.01	(0.56)	0.98	0.73	1.02	0.71	0.98
	Book value	—	—	0.00	1.32	13.88	5.12	5.97	5.72	5.63	5.59
	Shares, m	—	—	11	10	13	50	52	52	49	47
Valuation, ×
Valuation, ×	P/E	—	—	38.39	38.39	16.45	30.40	24.39	89.00	56.50	0.00
	P/S	—	—	2.40	2.40	3.76	7.53	2.69	3.11	2.48	1.47
	P/B	—	—	18.93	18.93	3.18	6.64	2.21	2.80	2.61	1.59
	EV/Sales	—	—	1.96	1.96	3.08	6.83	2.01	2.45	2.00	0.96
	EV/FCF	—	—	14.38	14.38	(64.71)	31.41	13.42	12.38	16.69	5.88
Cash, $m
Cash, $m	Operating cash flow	—	—	16	35	24	89	87	81	73	81
	Capex	—	—	(10)	(15)	(31)	(39)	(49)	(28)	(39)	(35)
	Free cash flow	—	—	6	20	(7)	49	38	53	35	46
Balance, $m
Balance, $m	Working capital	—	—	59	67	136	194	201	182	157	147
	Total debt	—	—	0	61	2	25	22	—	—	—
	Net debt	—	—	(35)	6	(101)	(160)	(174)	(175)	(141)	(146)
	Shareholders’ equity	—	—	—	13	175	257	312	296	277	263
Returns, %
Returns, %	ROA	—	—	0.00	6.40	2.22	12.29	4.81	1.33	1.74	(2.04)
	ROIC	—	—	0.00	27.90	26.66	37.66	18.38	1.05	1.80	(9.21)
	ROE	—	—	49.39	74.14	6.81	26.17	10.08	2.92	4.36	(5.36)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
DJCO Daily Journal Corp. (S.C.)	$880.0M	— (loss-making)	— (loss-making)	+15.25% (above 0%: growing)	n/m	+48.22% (above 0%: growing)	99.41%	19.52%	Compare
DSP Viant Technology Inc.	$854.5M	24.8×	29.5×	+33.91% (above 0%: growing)	n/m	+38.79% (above 0%: growing)	100.00%	(3.69%)	Compare
PUBM PubMatic, Inc.	$812.2M	— (loss-making)	— (loss-making)	+10.55% (above 0%: growing)	n/m	+47.47% (above 0%: growing)	67.07%	0.74%
MNTN MNTN Inc.	$784.7M	13.2×	10.3×	+20.56% (above 0%: growing)	n/m	+87.71% (above 0%: growing)	80.32%	8.62%	Compare
SMWB Similarweb Ltd.	$770.0M	— (loss-making)	— (loss-making)	+8.76% (above 0%: growing)	n/m	+217.42% (above 0%: growing)	80.73%	0.96%	Compare
MITK Mitek Systems, Inc.	$761.7M	32.2×	36.0×	+18.17% (above 0%: growing)	+280.00% (above 0%: growing)	+19.18% (above 0%: growing)	84.86%	21.36%	Compare
YALA Truth Social God Bless America ETF	$719.4M	6.2×	6.7×	−2.31% (below 0%: shrinking)	−12.50% (below 0%: shrinking)	+9,191.70% (above 0%: growing)	67.55%	23.49%	Compare
PAR PAR Technology Corporation	$717.6M	— (loss-making)	— (loss-making)	+18.69% (above 0%: growing)	n/m	+142.91% (above 0%: growing)	42.41%	(9.67%)	Compare
VTEX VTEX	$714.8M	24.6×	19.5×	+9.52% (above 0%: growing)	+200.00% (above 0%: growing)	+79.12% (above 0%: growing)	80.31%	15.00%	Compare
Median of peers	$765.8M	24.6×	19.5×	+16.71%	+200.00%	+83.42%	80.53%	11.81%

All 237 Software Application stocks →

PubMatic, Inc. (PUBM) key facts

Concern: PubMatic, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $282.9 million, down 2.86% from fiscal 2024.
PubMatic, Inc. (PUBM) is a Software Application company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, PUBM traded at $16.64, a market capitalization of $812.2 million.
Return on equity was −5.36% and debt-to-equity 0.00.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 1.47 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.