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Side-by-side financial comparison of PubMatic, Inc. (PUBM) and READING INTERNATIONAL INC (RDI). Click either name above to swap in a different company.

PubMatic, Inc. is the larger business by last-quarter revenue ($80.0M vs $50.3M, roughly 1.6× READING INTERNATIONAL INC). On growth, PubMatic, Inc. posted the faster year-over-year revenue change (-6.4% vs -14.2%). PubMatic, Inc. produced more free cash flow last quarter ($11.3M vs $4.1M). Over the past eight quarters, PubMatic, Inc.'s revenue compounded faster (9.5% CAGR vs 5.6%).

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.

The Reading Company was a Philadelphia-headquartered railroad that provided passenger and freight transport in eastern Pennsylvania and neighboring states from 1924 until its acquisition by Conrail in 1976.

PUBM vs RDI — Head-to-Head

Bigger by revenue
PUBM
PUBM
1.6× larger
PUBM
$80.0M
$50.3M
RDI
Growing faster (revenue YoY)
PUBM
PUBM
+7.8% gap
PUBM
-6.4%
-14.2%
RDI
More free cash flow
PUBM
PUBM
$7.1M more FCF
PUBM
$11.3M
$4.1M
RDI
Faster 2-yr revenue CAGR
PUBM
PUBM
Annualised
PUBM
9.5%
5.6%
RDI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PUBM
PUBM
RDI
RDI
Revenue
$80.0M
$50.3M
Net Profit
$-2.6M
Gross Margin
68.2%
Operating Margin
10.6%
-1.9%
Net Margin
-5.1%
Revenue YoY
-6.4%
-14.2%
Net Profit YoY
-14.5%
EPS (diluted)
$0.14
$-0.11

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
PUBM
PUBM
RDI
RDI
Q4 25
$80.0M
$50.3M
Q3 25
$68.0M
$52.2M
Q2 25
$71.1M
$60.4M
Q1 25
$63.8M
$40.2M
Q4 24
$85.5M
$58.6M
Q3 24
$71.8M
$60.1M
Q2 24
$67.3M
$46.8M
Q1 24
$66.7M
$45.1M
Net Profit
PUBM
PUBM
RDI
RDI
Q4 25
$-2.6M
Q3 25
$-6.5M
$-4.2M
Q2 25
$-5.2M
$-2.7M
Q1 25
$-9.5M
$-4.8M
Q4 24
$-2.2M
Q3 24
$-912.0K
$-7.0M
Q2 24
$2.0M
$-12.8M
Q1 24
$-2.5M
$-13.2M
Gross Margin
PUBM
PUBM
RDI
RDI
Q4 25
68.2%
Q3 25
62.6%
Q2 25
62.6%
Q1 25
59.9%
Q4 24
70.8%
Q3 24
64.5%
Q2 24
62.6%
Q1 24
61.9%
Operating Margin
PUBM
PUBM
RDI
RDI
Q4 25
10.6%
-1.9%
Q3 25
-12.4%
-0.6%
Q2 25
-7.7%
4.8%
Q1 25
-18.6%
-17.2%
Q4 24
17.3%
2.6%
Q3 24
-1.9%
-0.6%
Q2 24
-5.9%
-16.4%
Q1 24
-8.3%
-16.7%
Net Margin
PUBM
PUBM
RDI
RDI
Q4 25
-5.1%
Q3 25
-9.5%
-8.0%
Q2 25
-7.3%
-4.4%
Q1 25
-14.9%
-11.8%
Q4 24
-3.8%
Q3 24
-1.3%
-11.7%
Q2 24
2.9%
-27.4%
Q1 24
-3.7%
-29.4%
EPS (diluted)
PUBM
PUBM
RDI
RDI
Q4 25
$0.14
$-0.11
Q3 25
$-0.14
$-0.18
Q2 25
$-0.11
$-0.12
Q1 25
$-0.20
$-0.21
Q4 24
$0.26
$-0.11
Q3 24
$-0.02
$-0.31
Q2 24
$0.04
$-0.57
Q1 24
$-0.05
$-0.59

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PUBM
PUBM
RDI
RDI
Cash + ST InvestmentsLiquidity on hand
$145.5M
$10.5M
Total DebtLower is stronger
$185.1M
Stockholders' EquityBook value
$262.6M
$-18.2M
Total Assets
$680.2M
$434.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PUBM
PUBM
RDI
RDI
Q4 25
$145.5M
$10.5M
Q3 25
$136.5M
$8.1M
Q2 25
$90.5M
$9.1M
Q1 25
$101.8M
$5.9M
Q4 24
$100.5M
$12.4M
Q3 24
$78.9M
$10.1M
Q2 24
$73.5M
$9.3M
Q1 24
$80.2M
$7.5M
Total Debt
PUBM
PUBM
RDI
RDI
Q4 25
$185.1M
Q3 25
Q2 25
Q1 25
Q4 24
$202.7M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
PUBM
PUBM
RDI
RDI
Q4 25
$262.6M
$-18.2M
Q3 25
$245.1M
$-12.1M
Q2 25
$243.3M
$-7.7M
Q1 25
$275.6M
$-8.1M
Q4 24
$277.3M
$-4.4M
Q3 24
$263.2M
$1.6M
Q2 24
$282.7M
$6.5M
Q1 24
$288.7M
$18.0M
Total Assets
PUBM
PUBM
RDI
RDI
Q4 25
$680.2M
$434.9M
Q3 25
$676.2M
$435.2M
Q2 25
$675.2M
$438.1M
Q1 25
$668.6M
$441.0M
Q4 24
$739.5M
$471.0M
Q3 24
$689.1M
$495.7M
Q2 24
$673.1M
$494.9M
Q1 24
$626.2M
$494.9M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PUBM
PUBM
RDI
RDI
Operating Cash FlowLast quarter
$18.2M
$4.3M
Free Cash FlowOCF − Capex
$11.3M
$4.1M
FCF MarginFCF / Revenue
14.1%
8.2%
Capex IntensityCapex / Revenue
8.6%
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$66.7M
$-2.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PUBM
PUBM
RDI
RDI
Q4 25
$18.2M
$4.3M
Q3 25
$32.4M
$295.0K
Q2 25
$14.9M
$1.6M
Q1 25
$15.6M
$-7.7M
Q4 24
$18.0M
$8.0M
Q3 24
$19.1M
$1.3M
Q2 24
$11.9M
$-10.4M
Q1 24
$24.3M
$-2.8M
Free Cash Flow
PUBM
PUBM
RDI
RDI
Q4 25
$11.3M
$4.1M
Q3 25
$27.7M
$-246.0K
Q2 25
$13.6M
$1.2M
Q1 25
$14.2M
$-8.0M
Q4 24
$13.7M
$7.0M
Q3 24
$7.4M
$-1.1M
Q2 24
$11.2M
$-10.6M
Q1 24
$23.5M
$-4.7M
FCF Margin
PUBM
PUBM
RDI
RDI
Q4 25
14.1%
8.2%
Q3 25
40.8%
-0.5%
Q2 25
19.1%
1.9%
Q1 25
22.2%
-19.8%
Q4 24
16.1%
12.0%
Q3 24
10.3%
-1.8%
Q2 24
16.7%
-22.7%
Q1 24
35.2%
-10.4%
Capex Intensity
PUBM
PUBM
RDI
RDI
Q4 25
8.6%
0.3%
Q3 25
6.9%
1.0%
Q2 25
1.9%
0.6%
Q1 25
2.3%
0.6%
Q4 24
5.1%
1.7%
Q3 24
16.3%
4.0%
Q2 24
1.1%
0.5%
Q1 24
1.2%
4.3%
Cash Conversion
PUBM
PUBM
RDI
RDI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
6.06×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PUBM
PUBM

Segment breakdown not available.

RDI
RDI

Cinema Exhibition Segment$46.9M93%
Real Estate Revenue$3.4M7%

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