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Side-by-side financial comparison of PubMatic, Inc. (PUBM) and TACTILE SYSTEMS TECHNOLOGY INC (TCMD). Click either name above to swap in a different company.
TACTILE SYSTEMS TECHNOLOGY INC is the larger business by last-quarter revenue ($103.6M vs $62.6M, roughly 1.7× PubMatic, Inc.). TACTILE SYSTEMS TECHNOLOGY INC runs the higher net margin — 10.3% vs -20.0%, a 30.3% gap on every dollar of revenue. On growth, TACTILE SYSTEMS TECHNOLOGY INC posted the faster year-over-year revenue change (21.0% vs -2.0%). TACTILE SYSTEMS TECHNOLOGY INC produced more free cash flow last quarter ($16.8M vs $10.7M). Over the past eight quarters, TACTILE SYSTEMS TECHNOLOGY INC's revenue compounded faster (30.2% CAGR vs -3.6%).
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.
Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the United States.
PUBM vs TCMD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $62.6M | $103.6M |
| Net Profit | $-12.5M | $10.6M |
| Gross Margin | 58.3% | 78.2% |
| Operating Margin | 17.3% | 18.1% |
| Net Margin | -20.0% | 10.3% |
| Revenue YoY | -2.0% | 21.0% |
| Net Profit YoY | -31.9% | 9.4% |
| EPS (diluted) | $-0.27 | $0.45 |
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 | $103.6M | ||
| Q3 25 | $68.0M | $85.8M | ||
| Q2 25 | $71.1M | $78.9M | ||
| Q1 25 | $63.8M | $61.3M | ||
| Q4 24 | $85.5M | $85.6M | ||
| Q3 24 | $71.8M | $73.1M | ||
| Q2 24 | $67.3M | $73.2M |
| Q1 26 | $-12.5M | — | ||
| Q4 25 | — | $10.6M | ||
| Q3 25 | $-6.5M | $8.2M | ||
| Q2 25 | $-5.2M | $3.2M | ||
| Q1 25 | $-9.5M | $-3.0M | ||
| Q4 24 | — | $9.7M | ||
| Q3 24 | $-912.0K | $5.2M | ||
| Q2 24 | $2.0M | $4.3M |
| Q1 26 | 58.3% | — | ||
| Q4 25 | 68.2% | 78.2% | ||
| Q3 25 | 62.6% | 75.8% | ||
| Q2 25 | 62.6% | 74.5% | ||
| Q1 25 | 59.9% | 74.0% | ||
| Q4 24 | 70.8% | 75.2% | ||
| Q3 24 | 64.5% | 75.0% | ||
| Q2 24 | 62.6% | 73.9% |
| Q1 26 | 17.3% | — | ||
| Q4 25 | 10.6% | 18.1% | ||
| Q3 25 | -12.4% | 12.8% | ||
| Q2 25 | -7.7% | 5.2% | ||
| Q1 25 | -18.6% | -7.4% | ||
| Q4 24 | 17.3% | 14.6% | ||
| Q3 24 | -1.9% | 9.3% | ||
| Q2 24 | -5.9% | 8.0% |
| Q1 26 | -20.0% | — | ||
| Q4 25 | — | 10.3% | ||
| Q3 25 | -9.5% | 9.6% | ||
| Q2 25 | -7.3% | 4.1% | ||
| Q1 25 | -14.9% | -4.9% | ||
| Q4 24 | — | 11.4% | ||
| Q3 24 | -1.3% | 7.1% | ||
| Q2 24 | 2.9% | 5.9% |
| Q1 26 | $-0.27 | — | ||
| Q4 25 | $0.14 | $0.45 | ||
| Q3 25 | $-0.14 | $0.36 | ||
| Q2 25 | $-0.11 | $0.14 | ||
| Q1 25 | $-0.20 | $-0.13 | ||
| Q4 24 | $0.26 | $0.40 | ||
| Q3 24 | $-0.02 | $0.21 | ||
| Q2 24 | $0.04 | $0.18 |
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 | $83.4M |
| Total DebtLower is stronger | — | $0 |
| Stockholders' EquityBook value | $251.0M | $218.9M |
| Total Assets | $659.4M | $273.9M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $144.9M | — | ||
| Q4 25 | $145.5M | $83.4M | ||
| Q3 25 | $136.5M | $66.0M | ||
| Q2 25 | $90.5M | $81.5M | ||
| Q1 25 | $101.8M | $83.6M | ||
| Q4 24 | $100.5M | $94.4M | ||
| Q3 24 | $78.9M | $82.1M | ||
| Q2 24 | $73.5M | $73.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $27.0M | ||
| Q2 24 | — | $27.8M |
| Q1 26 | $251.0M | — | ||
| Q4 25 | $262.6M | $218.9M | ||
| Q3 25 | $245.1M | $204.9M | ||
| Q2 25 | $243.3M | $194.9M | ||
| Q1 25 | $275.6M | $205.6M | ||
| Q4 24 | $277.3M | $216.6M | ||
| Q3 24 | $263.2M | $207.9M | ||
| Q2 24 | $282.7M | $200.7M |
| Q1 26 | $659.4M | — | ||
| Q4 25 | $680.2M | $273.9M | ||
| Q3 25 | $676.2M | $259.2M | ||
| Q2 25 | $675.2M | $273.0M | ||
| Q1 25 | $668.6M | $280.2M | ||
| Q4 24 | $739.5M | $297.9M | ||
| Q3 24 | $689.1M | $287.7M | ||
| Q2 24 | $673.1M | $278.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× |
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 | $17.3M |
| Free Cash FlowOCF − Capex | $10.7M | $16.8M |
| FCF MarginFCF / Revenue | 17.1% | 16.2% |
| Capex IntensityCapex / Revenue | — | 0.5% |
| Cash ConversionOCF / Net Profit | — | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $63.2M | $40.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $17.3M | — | ||
| Q4 25 | $18.2M | $17.3M | ||
| Q3 25 | $32.4M | $10.3M | ||
| Q2 25 | $14.9M | $14.8M | ||
| Q1 25 | $15.6M | $417.0K | ||
| Q4 24 | $18.0M | $16.3M | ||
| Q3 24 | $19.1M | $10.3M | ||
| Q2 24 | $11.9M | $13.1M |
| Q1 26 | $10.7M | — | ||
| Q4 25 | $11.3M | $16.8M | ||
| Q3 25 | $27.7M | $9.2M | ||
| Q2 25 | $13.6M | $14.4M | ||
| Q1 25 | $14.2M | $38.0K | ||
| Q4 24 | $13.7M | $15.9M | ||
| Q3 24 | $7.4M | $9.3M | ||
| Q2 24 | $11.2M | $12.6M |
| Q1 26 | 17.1% | — | ||
| Q4 25 | 14.1% | 16.2% | ||
| Q3 25 | 40.8% | 10.8% | ||
| Q2 25 | 19.1% | 18.2% | ||
| Q1 25 | 22.2% | 0.1% | ||
| Q4 24 | 16.1% | 18.5% | ||
| Q3 24 | 10.3% | 12.7% | ||
| Q2 24 | 16.7% | 17.3% |
| Q1 26 | — | — | ||
| Q4 25 | 8.6% | 0.5% | ||
| Q3 25 | 6.9% | 1.3% | ||
| Q2 25 | 1.9% | 0.5% | ||
| Q1 25 | 2.3% | 0.6% | ||
| Q4 24 | 5.1% | 0.5% | ||
| Q3 24 | 16.3% | 1.3% | ||
| Q2 24 | 1.1% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.63× | ||
| Q3 25 | — | 1.26× | ||
| Q2 25 | — | 4.59× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | — | 1.99× | ||
| Q2 24 | 6.06× | 3.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PUBM
Segment breakdown not available.
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
