PubMatic, Inc. logo

PubMatic, Inc.

PUBM

NASDAQTechnologySoftware - Application

Latest quote

$16.40

+$0.02 · +0.12%

Aug 21, 3:55 PM ET

PUBM company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

61

Undervalued

Momentum

63

Gaining

Sentiment

60

Mixed

Risk resilience

53

Elevated Risk

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Company profile

Company website

PubMatic, Inc. operates a global cloud-based infrastructure designed to facilitate real-time programmatic advertising exchanges between online publishers and advertisers. Its comprehensive suite of solutions includes Openwrap, an enterprise-level header bidding tool with robust management and analytics capabilities, including specialized versions like Openwrap OTT for over-the-top media and Openwrap SDK for in-app developers. The company also provides private marketplace options and dedicated consoles for media buyers. Further extending its offerings, PubMatic provides Real-Time Bidding (RTB) technologies that support diverse selling strategies across multiple screens and advertising formats. It employs advanced digital advertising inventory quality solutions to identify and remove fraudulent traffic and malicious activities, alongside ad quality features aimed at minimizing security, quality, and performance concerns. The Identity Hub is a privacy-conscious identity management system, enabling advertisers to utilize their preferred user identifiers securely and at scale. Moreover, PubMatic offers Audience Encore, an audience data platform, and a cross-platform video Sell-Side Platform (SSP) that links reputable video buyers with high-quality publishers. The platform is versatile, accommodating a wide spectrum of advertising formats and digital devices, such as mobile applications, mobile web, desktop, display, video, and various connected TV environments including over-the-top (OTT) services. Established in 2006, PubMatic, Inc. is headquartered in Redwood City, California.

Industry
Software - Application
Sector
Technology
Headquarters
US
CEO
Rajeev K. Goel
Listed since
Dec 9, 2020
Employees
1,030

Market position

Volume
528.68K
0.78× average
Average volume
674.82K
Average daily volume
Market cap
766.4M USD
Beta
1.54
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
315.31M USD
P/E (TTM)
-54.7×
P/B (TTM)
3.17×
P/S (TTM)
2.65×
EV / EBITDA
11.34×
Earnings yield
-3.47%
Free cash flow yield
16.00%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
64.43%
Operating margin
-4.89%
Net margin
-4.66%
Return on equity
-5.51%
Return on assets
-2.13%
Return on invested capital
-5.03%

Financial health

Debt / equity
0.17×
Current ratio
1.39×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends82%50%18%-14%Gross margin, FY2021: 74.30%Gross margin, FY2022: 68.21%Gross margin, FY2023: 62.84%Gross margin, FY2024: 65.31%Gross margin, FY2025: 63.56%Operating margin, FY2021: 25.91%Operating margin, FY2022: 15.80%Operating margin, FY2023: 0.76%Operating margin, FY2024: 1.35%Operating margin, FY2025: -6.10%Net margin, FY2021: 24.95%Net margin, FY2022: 11.20%Net margin, FY2023: 3.33%Net margin, FY2024: 4.29%Net margin, FY2025: -5.11%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 74.30%. Gross margin FY2022 68.21%. Gross margin FY2023 62.84%. Gross margin FY2024 65.31%. Gross margin FY2025 63.56%. Operating margin FY2021 25.91%. Operating margin FY2022 15.80%. Operating margin FY2023 0.76%. Operating margin FY2024 1.35%. Operating margin FY2025 -6.10%. Net margin FY2021 24.95%. Net margin FY2022 11.20%. Net margin FY2023 3.33%. Net margin FY2024 4.29%. Net margin FY2025 -5.11%.

Income trends

Revenue

282.93M USD-2.86%

Operating income

−17.26M USD−21.19M USD

Net income

−14.46M USD−26.97M USD
Income trends across reported periods322.11M USD198.7M USD75.3M USD−48.11M USDRevenue, FY2021: 226.91M USDRevenue, FY2022: 256.38M USDRevenue, FY2023: 267.01M USDRevenue, FY2024: 291.26M USDRevenue, FY2025: 282.93M USDOperating income, FY2021: 58.79M USDOperating income, FY2022: 40.52M USDOperating income, FY2023: 2.04M USDOperating income, FY2024: 3.93M USDOperating income, FY2025: −17.26M USDNet income, FY2021: 56.6M USDNet income, FY2022: 28.71M USDNet income, FY2023: 8.88M USDNet income, FY2024: 12.5M USDNet income, FY2025: −14.46M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 226.91M USD. Revenue FY2022 256.38M USD. Revenue FY2023 267.01M USD. Revenue FY2024 291.26M USD. Revenue FY2025 282.93M USD. Operating income FY2021 58.79M USD. Operating income FY2022 40.52M USD. Operating income FY2023 2.04M USD. Operating income FY2024 3.93M USD. Operating income FY2025 −17.26M USD. Net income FY2021 56.6M USD. Net income FY2022 28.71M USD. Net income FY2023 8.88M USD. Net income FY2024 12.5M USD. Net income FY2025 −14.46M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue282.93M USD291.26M USD267.01M USD256.38M USD226.91M USD
Cost of goods sold103.09M USD101.03M USD99.23M USD81.51M USD58.31M USD
Gross profit179.84M USD190.23M USD167.79M USD174.87M USD168.6M USD
Research and development33.82M USD33.26M USD26.73M USD20.85M USD15.89M USD
Selling, general, and administrative163.28M USD153.04M USD139.02M USD113.5M USD93.92M USD
Operating expenses197.1M USD186.3M USD165.75M USD134.35M USD109.81M USD
Interest income5.46M USD8.48M USD8.83M USD2.21M USD300K USD
Depreciation and amortization43.77M USD45.35M USD44.77M USD40.08M USD15.67M USD
Operating income−17.26M USD3.93M USD2.04M USD40.52M USD58.79M USD
Net income−14.46M USD12.5M USD8.88M USD28.71M USD56.6M USD

Company facts updated Aug 24, 2026.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Recent analyst actions

12 institutions
CitizensmaintainMarket Outperform

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