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Side-by-side financial comparison of PubMatic, Inc. (PUBM) and RCI HOSPITALITY HOLDINGS, INC. (RICK). Click either name above to swap in a different company.

PubMatic, Inc. is the larger business by last-quarter revenue ($80.0M vs $70.9M, roughly 1.1× RCI HOSPITALITY HOLDINGS, INC.). On growth, RCI HOSPITALITY HOLDINGS, INC. posted the faster year-over-year revenue change (-3.1% vs -6.4%). RCI HOSPITALITY HOLDINGS, INC. produced more free cash flow last quarter ($11.5M vs $11.3M). Over the past eight quarters, PubMatic, Inc.'s revenue compounded faster (9.5% CAGR vs -2.0%).

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.

RCI Hospitality Holdings, Inc., through its subsidiaries, operates strip clubs, nightclubs, sports bars/restaurants, and a media and convention company that serves the adult club industry. RCI went public with an IPO in 1995 is listed on The NASDAQ Global Market under the symbol RICK.

PUBM vs RICK — Head-to-Head

Bigger by revenue
PUBM
PUBM
1.1× larger
PUBM
$80.0M
$70.9M
RICK
Growing faster (revenue YoY)
RICK
RICK
+3.2% gap
RICK
-3.1%
-6.4%
PUBM
More free cash flow
RICK
RICK
$227.0K more FCF
RICK
$11.5M
$11.3M
PUBM
Faster 2-yr revenue CAGR
PUBM
PUBM
Annualised
PUBM
9.5%
-2.0%
RICK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PUBM
PUBM
RICK
RICK
Revenue
$80.0M
$70.9M
Net Profit
$-5.5M
Gross Margin
68.2%
Operating Margin
10.6%
-0.7%
Net Margin
-7.8%
Revenue YoY
-6.4%
-3.1%
Net Profit YoY
-2354.9%
EPS (diluted)
$0.14
$-0.60

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
RICK
RICK
Q4 25
$80.0M
Q3 25
$68.0M
$70.9M
Q2 25
$71.1M
$71.1M
Q1 25
$63.8M
$65.9M
Q4 24
$85.5M
$71.5M
Q3 24
$71.8M
$73.2M
Q2 24
$67.3M
$76.2M
Q1 24
$66.7M
$72.3M
Net Profit
PUBM
PUBM
RICK
RICK
Q4 25
Q3 25
$-6.5M
$-5.5M
Q2 25
$-5.2M
$4.1M
Q1 25
$-9.5M
$3.2M
Q4 24
$9.0M
Q3 24
$-912.0K
$244.0K
Q2 24
$2.0M
$-5.2M
Q1 24
$-2.5M
$774.0K
Gross Margin
PUBM
PUBM
RICK
RICK
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
RICK
RICK
Q4 25
10.6%
Q3 25
-12.4%
-0.7%
Q2 25
-7.7%
12.2%
Q1 25
-18.6%
12.4%
Q4 24
17.3%
19.5%
Q3 24
-1.9%
4.8%
Q2 24
-5.9%
-3.3%
Q1 24
-8.3%
6.4%
Net Margin
PUBM
PUBM
RICK
RICK
Q4 25
Q3 25
-9.5%
-7.8%
Q2 25
-7.3%
5.7%
Q1 25
-14.9%
4.9%
Q4 24
12.6%
Q3 24
-1.3%
0.3%
Q2 24
2.9%
-6.9%
Q1 24
-3.7%
1.1%
EPS (diluted)
PUBM
PUBM
RICK
RICK
Q4 25
$0.14
Q3 25
$-0.14
$-0.60
Q2 25
$-0.11
$0.46
Q1 25
$-0.20
$0.36
Q4 24
$0.26
$1.01
Q3 24
$-0.02
$0.04
Q2 24
$0.04
$-0.56
Q1 24
$-0.05
$0.08

Balance Sheet & Financial Strength

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

Metric
PUBM
PUBM
RICK
RICK
Cash + ST InvestmentsLiquidity on hand
$145.5M
$33.7M
Total DebtLower is stronger
$238.2M
Stockholders' EquityBook value
$262.6M
$261.1M
Total Assets
$680.2M
$596.9M
Debt / EquityLower = less leverage
0.91×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PUBM
PUBM
RICK
RICK
Q4 25
$145.5M
Q3 25
$136.5M
$33.7M
Q2 25
$90.5M
$29.3M
Q1 25
$101.8M
$32.7M
Q4 24
$100.5M
$34.7M
Q3 24
$78.9M
$32.4M
Q2 24
$73.5M
$34.9M
Q1 24
$80.2M
$20.0M
Total Debt
PUBM
PUBM
RICK
RICK
Q4 25
Q3 25
$238.2M
Q2 25
$243.8M
Q1 25
$244.1M
Q4 24
Q3 24
$241.1M
Q2 24
Q1 24
Stockholders' Equity
PUBM
PUBM
RICK
RICK
Q4 25
$262.6M
Q3 25
$245.1M
$261.1M
Q2 25
$243.3M
$269.5M
Q1 25
$275.6M
$268.8M
Q4 24
$277.3M
$269.0M
Q3 24
$263.2M
$263.4M
Q2 24
$282.7M
$271.2M
Q1 24
$288.7M
$285.8M
Total Assets
PUBM
PUBM
RICK
RICK
Q4 25
$680.2M
Q3 25
$676.2M
$596.9M
Q2 25
$675.2M
$597.4M
Q1 25
$668.6M
$589.8M
Q4 24
$739.5M
$586.2M
Q3 24
$689.1M
$584.4M
Q2 24
$673.1M
$601.0M
Q1 24
$626.2M
$609.9M
Debt / Equity
PUBM
PUBM
RICK
RICK
Q4 25
Q3 25
0.91×
Q2 25
0.90×
Q1 25
0.91×
Q4 24
Q3 24
0.92×
Q2 24
Q1 24

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
RICK
RICK
Operating Cash FlowLast quarter
$18.2M
$13.7M
Free Cash FlowOCF − Capex
$11.3M
$11.5M
FCF MarginFCF / Revenue
14.1%
16.2%
Capex IntensityCapex / Revenue
8.6%
3.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$66.7M
$34.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PUBM
PUBM
RICK
RICK
Q4 25
$18.2M
Q3 25
$32.4M
$13.7M
Q2 25
$14.9M
$13.8M
Q1 25
$15.6M
$8.5M
Q4 24
$18.0M
$13.3M
Q3 24
$19.1M
$15.7M
Q2 24
$11.9M
$15.8M
Q1 24
$24.3M
$10.8M
Free Cash Flow
PUBM
PUBM
RICK
RICK
Q4 25
$11.3M
Q3 25
$27.7M
$11.5M
Q2 25
$13.6M
$10.1M
Q1 25
$14.2M
$5.7M
Q4 24
$13.7M
$7.6M
Q3 24
$7.4M
$10.3M
Q2 24
$11.2M
$9.3M
Q1 24
$23.5M
$3.2M
FCF Margin
PUBM
PUBM
RICK
RICK
Q4 25
14.1%
Q3 25
40.8%
16.2%
Q2 25
19.1%
14.2%
Q1 25
22.2%
8.6%
Q4 24
16.1%
10.6%
Q3 24
10.3%
14.0%
Q2 24
16.7%
12.3%
Q1 24
35.2%
4.4%
Capex Intensity
PUBM
PUBM
RICK
RICK
Q4 25
8.6%
Q3 25
6.9%
3.2%
Q2 25
1.9%
5.2%
Q1 25
2.3%
4.3%
Q4 24
5.1%
8.0%
Q3 24
16.3%
7.3%
Q2 24
1.1%
8.4%
Q1 24
1.2%
10.6%
Cash Conversion
PUBM
PUBM
RICK
RICK
Q4 25
Q3 25
Q2 25
3.40×
Q1 25
2.65×
Q4 24
1.48×
Q3 24
64.14×
Q2 24
6.06×
Q1 24
14.00×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PUBM
PUBM

Segment breakdown not available.

RICK
RICK

Transferred At Point In Time$60.8M86%
Food And Merchandise$10.4M15%

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