Pubmatic Inc
NASDAQ: PUBM · TECHNOLOGY · SOFTWARE - APPLICATION
Updated 2026-06-05
Pubmatic Inc (PUBM) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2018 | $99.26M | $4.42M | 68.53% | 5.00% | 4.46% |
| 2019 | $113.87M | $6.64M | 68.29% | 7.47% | 5.83% |
| 2020 | $148.75M | $26.61M | 72.31% | 21.35% | 17.89% |
| 2021 | $226.91M | $56.60M | 74.30% | 25.91% | 24.95% |
| 2022 | $256.38M | $28.70M | 68.21% | 15.80% | 11.20% |
| 2023 | $267.01M | $8.88M | 62.84% | 0.76% | 3.33% |
| 2024 | $291.26M | $12.50M | 65.31% | 1.35% | 4.29% |
| 2025 | $282.93M | $-14.46M | 63.56% | -6.10% | -5.11% |
Frequently asked questions
What is Pubmatic Inc's revenue?
Pubmatic Inc's trailing twelve-month revenue is $281.67M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is PUBM?
In its most recent fiscal year, PUBM ran a gross margin of 63.56%, an operating margin of -6.10%, and a net margin of -5.11%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does PUBM generate?
PUBM produced $66.71M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is PUBM's balance sheet healthy?
PUBM holds $145.52M in cash and equivalents against — in long-term debt, on $262.59M of shareholder equity. That debt is best read against the cash flow the business throws off each year.