PubMatic, Inc.
PUBM Nasdaq· Services-Computer Programming, Data Processing, Etc.
Last close · Oct 26, 2026
$16.59
KIRA · Stoqly’s AI analyst, in plain words
- PubMatic, Inc. had $283M of revenue in fiscal 2025, down 2.9% on the year before. Over five years, revenue changed +13.7% a year on average.
- Its operating margin was −6.1%, down 7.4 pts: of every 100 in sales, about −6 is left after running the business.
- PubMatic, Inc. lost $14.5M in fiscal 2025.
- Free cash flow was $66.7M in fiscal 2025, 23.6% of revenue.
- PubMatic, Inc. returned $46.5M to shareholders in fiscal 2025, 70% of free cash flow. The diluted share count fell 13.4%.
Market cap
$765M
P/E
—
Revenue
$283M
Net income
−$14.5M
Free cash flow
$66.7M
Operating margin
−6.1%
PubMatic, Inc. in 30 seconds · fiscal 2025
Are sales growing?
−2.9%
No. Sales fell 2.9% last year.
Does it make a profit?
−5.1%
No. It lost money last year.
Does profit turn into cash?
23.6%
Yes. 23.6% of sales ends up as free cash.
How healthy are the accounts?
5 / 8
Mixed. It passes 5 of 8 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What PubMatic, Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 26, 2026
- Legal name
- PubMatic, Inc.
- CIK
- 0001422930
PubMatic, Inc. · PUBM
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $227M | $256M | $267M | $291M | $283M |
| Revenue growth | 52.5% | 13.0% | 4.1% | 9.1% | −2.9% |
| Net interest income | $0.3M | $2.2M | $8.8M | — | — |
| Gross margin | 74.3% | 68.2% | 62.8% | 65.3% | 63.6% |
| Operating margin | 25.9% | 15.8% | 0.8% | 1.3% | −6.1% |
| Net income | $56.6M | $28.7M | $8.9M | $12.5M | −$14.5M |
| Net margin | 24.9% | 11.2% | 3.3% | 4.3% | −5.1% |
| Diluted EPS | $1.00 | $0.50 | $0.16 | $0.23 | −$0.31 |
| Cash | |||||
| Cash from operations | $88.7M | $87.2M | $81.1M | $73.4M | $81.1M |
| Capital expenditure | $30.4M | $35.9M | $10.6M | $17.6M | $14.3M |
| Free cash flow | $58.2M | $51.3M | $70.5M | $55.8M | $66.7M |
| FCF margin | 25.7% | 20.0% | 26.4% | 19.2% | 23.6% |
| Share buybacks | $0.1M | $0.0M | $59.3M | $75.3M | $46.5M |
| Share count change | 230.7% | 0.5% | −1.5% | −3.1% | −13.4% |
| Debt and strength | |||||
| Cash and short-term investments | $160M | $174M | $175M | $141M | $146M |
| Shareholders' equity | $257M | $312M | $296M | $277M | $263M |
| Current ratio | 1.7x | 1.7x | 1.5x | 1.4x | 1.4x |
| Returns and quality | |||||
| Return on equity | 26.2% | 10.1% | 2.9% | 4.4% | −5.4% |
| Return on tangible equity | 22.6% | 10.5% | 3.4% | 5.1% | −6.3% |
| Piotroski F-score | 7 | 3 | 4 | 7 | 5 |
| Altman Z'' | 4.5 | 4.1 | 3.2 | 2.7 | 2.6 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$22.5M
7 insiders
Of sales under plans
86%
$19.4M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
PubMatic, Inc. · PUBM
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $16.59 a share, the company is worth $765M.
Source: SEC EDGAR XBRL filings (CIK 0001422930). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.