NASDAQ:PUBM
PubMatic, Inc.
PubMatic, Inc.'s revenue fell 2.9% in fiscal 2025 to $282.9M while operating margin fell to −6.1%, its lowest in 7 years. Free cash flow was $66.7M, 23.6% of revenue, and the diluted share count fell 13.4%.Summary generated from PubMatic, Inc.'s SEC filings. Latest annual report filed Feb 26, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$282.9M
Revenue growth−2.9%
Revenue, 5-yr CAGR+13.7%
Gross margin63.6%
Operating margin−6.1%
Net margin−5.1%
ROICn/a
Return on equity−5.4%
Debt / equityn/a
Free cash flow$66.7M
FCF margin23.6%
Share count change−13.4%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 227 | 256 | 267 | 291 | 283 |
| Operating income | 59 | 41 | 2 | 4 | −17 |
| Net income | 57 | 29 | 9 | 13 | −14 |
| Free cash flow | 58 | 51 | 71 | 56 | 67 |
Recent filings
- 4Insider transaction report
Oct 6, 2026 - 4Insider transaction report
Oct 6, 2026 - 8-KDirector or officer change
Aug 12, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 6, 2026 - 8-KResults of operations and financial condition
Aug 6, 2026 - 8-KResults of a shareholder vote
Jun 3, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
May 7, 2026 - 8-KResults of operations and financial condition
May 7, 2026