PubMatic, Inc.PUBMEarnings & Financial Report
PubMatic, Inc. develops and implements online advertising software and strategies for the digital publishing and advertising industry. PubMatic's sell-side, real-time programmatic ad transaction advertising software puts publishers of websites, videos, and mobile apps into contact with ad buyers by using automated systems, while allowing users to opt-out of having their personal information collected on internet searches. PubMatic has a number of offices in countries around the world.
PUBM Q3 2025 Key Financial Metrics
Revenue
$68.0M
Gross Profit
$42.6M
Operating Profit
$-8.4M
Net Profit
$-6.5M
Gross Margin
62.6%
Operating Margin
-12.4%
Net Margin
-9.5%
YoY Growth
-5.3%
EPS
$-0.14
Financial Flow
PubMatic, Inc. Q3 2025 Financial Summary
PubMatic, Inc. reported revenue of $68.0M for Q3 2025, with a net profit of $-6.5M (-9.5% margin). Cost of goods sold was $25.4M, operating expenses totaled $51.0M.
Key Financial Metrics
| Total Revenue | $68.0M |
|---|---|
| Net Profit | $-6.5M |
| Gross Margin | 62.6% |
| Operating Margin | -12.4% |
| Report Period | Q3 2025 |
PubMatic, Inc. Annual Revenue by Year
PubMatic, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $291.3M).
| Year | Annual Revenue |
|---|---|
| 2024 | $291.3M |
| 2023 | $267.0M |
| 2022 | $256.4M |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $84.6M | $66.7M | $67.3M | $71.8M | $85.5M | $63.8M | $71.1M | $68.0M |
| YoY Growth | 13.9% | 20.4% | 6.2% | 12.7% | 1.1% | -4.3% | 5.7% | -5.3% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $695.2M | $626.2M | $673.1M | $689.1M | $739.5M | $668.6M | $675.2M | $676.2M |
| Liabilities | $399.0M | $337.5M | $390.4M | $425.9M | $462.3M | $393.0M | $431.9M | $431.1M |
| Equity | $296.2M | $288.7M | $282.7M | $263.2M | $277.3M | $275.6M | $243.3M | $245.1M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $28.7M | $24.3M | $11.9M | $19.1M | $18.0M | $15.6M | $14.9M | $32.4M |