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Side-by-side financial comparison of PubMatic, Inc. (PUBM) and SolarMax Technology, Inc. (SMXT). Click either name above to swap in a different company.
PubMatic, Inc. is the larger business by last-quarter revenue ($62.6M vs $46.6M, roughly 1.3× SolarMax Technology, Inc.). SolarMax Technology, Inc. runs the higher net margin — -1.9% vs -20.0%, a 18.1% gap on every dollar of revenue. On growth, SolarMax Technology, Inc. posted the faster year-over-year revenue change (623.5% 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.
SolarMax Technology, Inc. develops, manufactures and sells high-efficiency solar PV modules and clean energy systems. It serves residential, commercial and industrial clients in North America and key Asia-Pacific markets, offering installation and after-sales support to boost low-carbon energy use.
PUBM vs SMXT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $62.6M | $46.6M |
| Net Profit | $-12.5M | $-872.2K |
| Gross Margin | 58.3% | 2.7% |
| Operating Margin | 17.3% | -2.7% |
| Net Margin | -20.0% | -1.9% |
| Revenue YoY | -2.0% | 623.5% |
| Net Profit YoY | -31.9% | 77.7% |
| EPS (diluted) | $-0.27 | $-0.02 |
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.
| Q1 26 | $62.6M | — | ||
| Q4 25 | $80.0M | $46.6M | ||
| Q3 25 | $68.0M | $30.6M | ||
| Q2 25 | $71.1M | $6.9M | ||
| Q1 25 | $63.8M | $6.9M | ||
| Q4 24 | $85.5M | $6.4M | ||
| Q3 24 | $71.8M | $6.3M | ||
| Q2 24 | $67.3M | — |
| Q1 26 | $-12.5M | — | ||
| Q4 25 | — | $-872.2K | ||
| Q3 25 | $-6.5M | $-2.3M | ||
| Q2 25 | $-5.2M | $-1.9M | ||
| Q1 25 | $-9.5M | $-1.3M | ||
| Q4 24 | — | $-3.9M | ||
| Q3 24 | $-912.0K | $-9.6M | ||
| Q2 24 | $2.0M | — |
| Q1 26 | 58.3% | — | ||
| Q4 25 | 68.2% | 2.7% | ||
| Q3 25 | 62.6% | 3.1% | ||
| Q2 25 | 62.6% | 8.8% | ||
| Q1 25 | 59.9% | 20.5% | ||
| Q4 24 | 70.8% | 14.5% | ||
| Q3 24 | 64.5% | 19.9% | ||
| Q2 24 | 62.6% | — |
| Q1 26 | 17.3% | — | ||
| Q4 25 | 10.6% | -2.7% | ||
| Q3 25 | -12.4% | -6.9% | ||
| Q2 25 | -7.7% | -25.7% | ||
| Q1 25 | -18.6% | -16.7% | ||
| Q4 24 | 17.3% | -27.9% | ||
| Q3 24 | -1.9% | -158.4% | ||
| Q2 24 | -5.9% | — |
| Q1 26 | -20.0% | — | ||
| Q4 25 | — | -1.9% | ||
| Q3 25 | -9.5% | -7.4% | ||
| Q2 25 | -7.3% | -27.6% | ||
| Q1 25 | -14.9% | -18.7% | ||
| Q4 24 | — | -60.6% | ||
| Q3 24 | -1.3% | -152.0% | ||
| Q2 24 | 2.9% | — |
| Q1 26 | $-0.27 | — | ||
| Q4 25 | $0.14 | $-0.02 | ||
| Q3 25 | $-0.14 | $-0.04 | ||
| Q2 25 | $-0.11 | $-0.04 | ||
| Q1 25 | $-0.20 | $-0.03 | ||
| Q4 24 | $0.26 | $-0.07 | ||
| Q3 24 | $-0.02 | $-0.21 | ||
| Q2 24 | $0.04 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $144.9M | $8.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $251.0M | $-12.2M |
| Total Assets | $659.4M | $91.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $144.9M | — | ||
| Q4 25 | $145.5M | $8.0M | ||
| Q3 25 | $136.5M | $5.7M | ||
| Q2 25 | $90.5M | $1.9M | ||
| Q1 25 | $101.8M | $6.8M | ||
| Q4 24 | $100.5M | $7.1M | ||
| Q3 24 | $78.9M | $8.6M | ||
| Q2 24 | $73.5M | — |
| Q1 26 | $251.0M | — | ||
| Q4 25 | $262.6M | $-12.2M | ||
| Q3 25 | $245.1M | $-11.8M | ||
| Q2 25 | $243.3M | $-15.1M | ||
| Q1 25 | $275.6M | $-15.9M | ||
| Q4 24 | $277.3M | $-15.1M | ||
| Q3 24 | $263.2M | $-10.9M | ||
| Q2 24 | $282.7M | — |
| Q1 26 | $659.4M | — | ||
| Q4 25 | $680.2M | $91.3M | ||
| Q3 25 | $676.2M | $58.7M | ||
| Q2 25 | $675.2M | $38.2M | ||
| Q1 25 | $668.6M | $38.6M | ||
| Q4 24 | $739.5M | $38.6M | ||
| Q3 24 | $689.1M | $43.0M | ||
| Q2 24 | $673.1M | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $17.3M | $-2.5M |
| Free Cash FlowOCF − Capex | $10.7M | — |
| FCF MarginFCF / Revenue | 17.1% | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $63.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $17.3M | — | ||
| Q4 25 | $18.2M | $-2.5M | ||
| Q3 25 | $32.4M | $3.4M | ||
| Q2 25 | $14.9M | $220.7K | ||
| Q1 25 | $15.6M | $-601.1K | ||
| Q4 24 | $18.0M | $-1.3M | ||
| Q3 24 | $19.1M | $203.6K | ||
| Q2 24 | $11.9M | — |
| Q1 26 | $10.7M | — | ||
| Q4 25 | $11.3M | — | ||
| Q3 25 | $27.7M | — | ||
| Q2 25 | $13.6M | — | ||
| Q1 25 | $14.2M | — | ||
| Q4 24 | $13.7M | — | ||
| Q3 24 | $7.4M | — | ||
| Q2 24 | $11.2M | — |
| Q1 26 | 17.1% | — | ||
| Q4 25 | 14.1% | — | ||
| Q3 25 | 40.8% | — | ||
| Q2 25 | 19.1% | — | ||
| Q1 25 | 22.2% | — | ||
| Q4 24 | 16.1% | — | ||
| Q3 24 | 10.3% | — | ||
| Q2 24 | 16.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 8.6% | — | ||
| Q3 25 | 6.9% | — | ||
| Q2 25 | 1.9% | — | ||
| Q1 25 | 2.3% | — | ||
| Q4 24 | 5.1% | — | ||
| Q3 24 | 16.3% | 0.0% | ||
| Q2 24 | 1.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 6.06× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PUBM
Segment breakdown not available.
SMXT
| Yabucoa | $35.9M | 77% |
| Other | $10.7M | 23% |
