PubMatic, Inc. (PUBM) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 62.57M | 80.05M | 67.96M | 71.09M | 63.83M | 85.5M | 71.79M | 67.27M | 66.7M | 84.6M | 63.68M | 63.33M | 55.41M | 74.3M | 64.5M | 63.03M | 54.55M | 75.56M | 58.09M | 49.66M |
| Revenue Growth % | -1.97% | -6.38% | -5.33% | 5.69% | -4.31% | 1.07% | 12.73% | 6.22% | 20.38% | 13.87% | -1.28% | 0.47% | 1.57% | -1.67% | 11.04% | 26.93% | 25.1% | 34.34% | 53.68% | - |
| Cost of Goods Sold | 26.09M | 25.48M | 25.4M | 26.61M | 25.59M | 24.93M | 25.51M | 25.16M | 25.42M | 24.21M | 26.09M | 25.07M | 23.86M | 22.95M | 21.59M | 18.97M | 17.99M | 16.91M | 16.02M | 13.09M |
| COGS % of Revenue | 41.71% | 31.83% | 37.38% | 37.43% | 40.09% | 29.16% | 35.53% | 37.4% | 38.12% | 28.61% | 40.97% | 39.58% | 43.07% | 30.9% | 33.47% | 30.1% | 32.98% | 22.37% | 27.58% | 26.36% |
| Gross Profit | 36.47M | 54.56M | 42.56M | 44.48M | 38.24M | 60.57M | 46.28M | 42.11M | 41.28M | 60.39M | 37.59M | 38.26M | 31.54M | 51.34M | 42.91M | 44.06M | 36.56M | 58.65M | 42.07M | 36.57M |
| Gross Margin % | 58.29% | 68.17% | 62.62% | 62.57% | 59.91% | 70.84% | 64.47% | 62.6% | 61.88% | 71.39% | 59.03% | 60.42% | 56.93% | 69.1% | 66.53% | 69.9% | 67.02% | 77.63% | 72.42% | 73.64% |
| Gross Profit Growth % | -4.61% | -9.91% | -8.04% | 5.64% | -7.36% | 0.29% | 23.13% | 10.05% | 30.86% | 17.63% | -12.41% | -13.15% | -13.72% | -12.46% | 2% | 20.48% | 16.78% | 30.94% | 54.05% | - |
| Operating Expenses | 51.31M | 46.04M | 50.98M | 49.94M | 50.14M | 45.77M | 47.64M | 46.09M | 46.8M | 39.98M | 38.16M | 45.4M | 42.22M | 34.82M | 33.29M | 34.26M | 31.98M | 30.68M | 28.02M | 26.44M |
| OpEx % of Revenue | 82% | 57.52% | 75.01% | 70.25% | 78.56% | 53.53% | 66.37% | 68.52% | 70.17% | 47.26% | 59.92% | 71.68% | 76.19% | 46.86% | 51.61% | 54.36% | 58.62% | 40.61% | 48.24% | 53.24% |
| Selling, General & Admin | 43.76M | 39.72M | 41.36M | 40.83M | 41.37M | 37.93M | 38.83M | 37.43M | 38.84M | 38.83M | 31.52M | 38.67M | 35.7M | 28.9M | 28.21M | 29.19M | 27.21M | 26.54M | 23.88M | 22.58M |
| SG&A % of Revenue | 69.94% | 49.63% | 60.86% | 57.43% | 64.81% | 44.37% | 54.09% | 55.65% | 58.23% | 45.9% | 49.5% | 61.06% | 64.43% | 38.9% | 43.73% | 46.31% | 49.87% | 35.12% | 41.11% | 45.47% |
| Research & Development | 7.99M | 6.32M | 9.62M | 9.12M | 8.77M | 7.83M | 8.81M | 8.66M | 7.96M | 6.85M | 6.63M | 6.73M | 6.52M | 5.92M | 5.08M | 5.08M | 4.77M | 4.15M | 4.14M | 3.86M |
| R&D % of Revenue | 12.76% | 7.89% | 14.15% | 12.82% | 13.74% | 9.16% | 12.28% | 12.87% | 11.93% | 8.09% | 10.42% | 10.63% | 11.76% | 7.97% | 7.88% | 8.05% | 8.75% | 5.49% | 7.13% | 7.77% |
| Other Operating Expenses | -438K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -14.84M | 8.52M | -8.42M | -5.46M | -11.9M | 14.8M | -1.36M | -3.98M | -5.53M | 20.41M | -571K | -7.13M | -10.67M | 16.52M | 9.62M | 9.79M | 4.58M | 27.97M | 14.05M | 10.13M |
| Operating Margin % | -23.71% | 10.65% | -12.39% | -7.68% | -18.65% | 17.31% | -1.9% | -5.92% | -8.28% | 24.13% | -0.9% | -11.26% | -19.26% | 22.24% | 14.92% | 15.54% | 8.4% | 37.01% | 24.18% | 20.41% |
| Operating Income Growth % | -24.63% | -42.41% | -516.78% | -37.04% | -115.44% | -27.49% | -139.05% | 44.14% | 48.23% | 23.54% | -105.93% | -172.84% | -332.96% | -40.92% | -31.51% | -3.35% | -31.03% | 25.94% | 80.31% | - |
| EBITDA | -4.85M | 18.3M | 2.04M | 6.4M | -227K | 26.22M | 10.02M | 7.35M | 5.69M | 31.45M | 10.83M | 3.76M | 760K | 27.18M | 18.7M | 17.12M | 11.76M | 35.05M | 20.35M | 15.27M |
| EBITDA Margin % | -7.75% | 22.86% | 3% | 9% | -0.36% | 30.67% | 13.96% | 10.93% | 8.53% | 37.18% | 17.01% | 5.94% | 1.37% | 36.59% | 29% | 27.15% | 21.56% | 46.39% | 35.04% | 30.75% |
| EBITDA Growth % | -2035.24% | -30.23% | -79.64% | -12.94% | -103.99% | -16.63% | -7.5% | 95.3% | 648.29% | 15.7% | -42.1% | -78.01% | -93.54% | -22.43% | -8.1% | 12.08% | 5.11% | 32.88% | 70.04% | - |
| D&A (Non-Cash Add-back) | 9.99M | 9.77M | 10.46M | 11.86M | 11.68M | 11.42M | 11.38M | 11.34M | 11.21M | 11.04M | 11.4M | 10.9M | 11.43M | 10.66M | 9.08M | 7.32M | 7.18M | 7.08M | 6.3M | 5.14M |
| EBIT | -14.84M | 9.6M | -8.16M | -5.46M | -11.9M | 14.8M | -1.36M | -3.98M | -5.53M | 20.41M | -571K | -7.13M | -10.67M | 16.52M | 9.62M | 9.79M | 4.58M | 27.97M | 14.05M | 10.13M |
| Net Interest Income | 1.22M | 0 | 1.2M | 1.38M | 1.59M | 1.6M | 1.97M | 2.34M | 2.56M | 2.52M | 2.25M | 2.18M | 1.89M | 0 | 596K | 325K | 122K | 92K | 79K | 67K |
| Interest Income | 1.22M | 0 | 1.2M | 1.38M | 1.59M | 1.6M | 1.97M | 2.34M | 2.56M | 2.52M | 2.25M | 2.18M | 1.89M | 0 | 596K | 325K | 122K | 92K | 79K | 67K |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -276K | 1.07M | 261K | -609K | 579K | 3.62M | 1.04M | 6.37M | 2.82M | 2.63M | 2.46M | 1.96M | 1.43M | 292K | -4.9M | -48K | 1.6M | 5.78M | 277K | -239K |
| Pretax Income | -15.11M | 9.6M | -8.16M | -6.07M | -11.32M | 18.42M | -326K | 2.38M | -2.7M | 23.05M | 1.89M | -5.18M | -9.25M | 16.82M | 4.72M | 9.75M | 6.18M | 33.74M | 14.32M | 9.89M |
| Pretax Margin % | -24.15% | 11.99% | -12% | -8.54% | -17.74% | 21.54% | -0.45% | 3.54% | -4.05% | 27.24% | 2.96% | -8.18% | -16.69% | 22.63% | 7.32% | 15.46% | 11.33% | 44.66% | 24.66% | 19.92% |
| Income Tax | -2.6M | 2.91M | -1.71M | -862K | -1.84M | 4.52M | 586K | 412K | -249K | 4.34M | 111K | 545K | -3.38M | 4.03M | 1.4M | 1.93M | 1.4M | 5.5M | 799K | -27K |
| Effective Tax Rate % | 17.21% | 30.36% | 20.91% | 14.2% | 16.23% | 24.54% | -179.75% | 17.29% | 9.21% | 18.85% | 5.89% | -10.52% | 36.5% | 23.99% | 29.59% | 19.77% | 22.69% | 16.31% | 5.58% | -0.27% |
| Net Income | -12.51M | 6.68M | -6.45M | -5.21M | -9.49M | 13.9M | -912K | 1.97M | -2.45M | 18.7M | 1.77M | -5.72M | -5.87M | 12.78M | 3.33M | 7.82M | 4.78M | 28.24M | 13.53M | 9.92M |
| Net Margin % | -19.99% | 8.35% | -9.49% | -7.33% | -14.86% | 16.26% | -1.27% | 2.93% | -3.68% | 22.11% | 2.79% | -9.04% | -10.6% | 17.2% | 5.16% | 12.4% | 8.76% | 37.37% | 23.29% | 19.98% |
| Net Income Growth % | -31.88% | -51.91% | -607.46% | -364.23% | -286.55% | -25.68% | -151.41% | 134.43% | 58.2% | 46.33% | -46.66% | -173.21% | -222.85% | -54.74% | -75.41% | -21.19% | -2.83% | 50.01% | 117.08% | - |
| Net Income (Continuing) | -12.51M | 6.68M | -6.45M | -5.21M | -9.49M | 13.9M | -912K | 1.97M | -2.45M | 18.7M | 1.77M | -5.72M | -5.87M | 12.78M | 3.33M | 7.82M | 4.78M | 28.24M | 13.53M | 9.92M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.27 | 0.14 | -0.14 | -0.11 | -0.20 | 0.26 | -0.02 | 0.04 | -0.05 | 0.34 | 0.03 | -0.11 | -0.11 | 0.22 | 0.06 | 0.14 | 0.08 | 0.50 | 0.24 | 0.18 |
| EPS Growth % | -35% | -46.15% | -652.69% | -409.86% | -308.16% | -23.53% | -158.68% | 132.27% | 55.45% | 54.55% | -47.17% | -178.57% | -230.95% | -56% | -75% | -22.22% | -6.67% | 47.06% | 84.62% | - |
| EPS (Basic) | -0.27 | 0.14 | -0.14 | -0.11 | -0.20 | 0.29 | -0.02 | 0.04 | -0.05 | 0.37 | 0.03 | -0.11 | -0.11 | 0.24 | 0.06 | 0.14 | 0.08 | 0.55 | 0.27 | 0.20 |
| Diluted Shares Outstanding | 47.12M | 49.32M | 45.93M | 47.19M | 48.35M | 52.62M | 49.06M | 55.58M | 50.04M | 54.94M | 55.98M | 52.03M | 52.74M | 56.94M | 56.94M | 56.85M | 56.89M | 56.77M | 56.5M | 56.43M |
| Basic Shares Outstanding | 47.12M | 46.6M | 45.93M | 47.19M | 48.35M | 47.99M | 49.06M | 49.78M | 50.04M | 50.66M | 51.64M | 52.03M | 52.74M | 52.6M | 52.44M | 55.85M | 56.89M | 51.46M | 50.56M | 49.58M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |