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Side-by-side financial comparison of PubMatic, Inc. (PUBM) and ZIPRECRUITER, INC. (ZIP). Click either name above to swap in a different company.
ZIPRECRUITER, INC. is the larger business by last-quarter revenue ($111.7M vs $80.0M, roughly 1.4× PubMatic, Inc.). On growth, ZIPRECRUITER, INC. posted the faster year-over-year revenue change (0.6% vs -6.4%). PubMatic, Inc. produced more free cash flow last quarter ($11.3M vs $7.6M). Over the past eight quarters, PubMatic, Inc.'s revenue compounded faster (9.5% CAGR vs -4.4%).
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.
ZipRecruiter, Inc. is an American employment marketplace for job seekers and employers.
PUBM vs ZIP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $80.0M | $111.7M |
| Net Profit | — | $-835.0K |
| Gross Margin | 68.2% | 89.1% |
| Operating Margin | 10.6% | 3.6% |
| Net Margin | — | -0.7% |
| Revenue YoY | -6.4% | 0.6% |
| Net Profit YoY | — | 92.3% |
| EPS (diluted) | $0.14 | $-0.03 |
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.
| Q4 25 | $80.0M | $111.7M | ||
| Q3 25 | $68.0M | $115.0M | ||
| Q2 25 | $71.1M | $112.2M | ||
| Q1 25 | $63.8M | $110.1M | ||
| Q4 24 | $85.5M | $111.0M | ||
| Q3 24 | $71.8M | $117.1M | ||
| Q2 24 | $67.3M | $123.7M | ||
| Q1 24 | $66.7M | $122.2M |
| Q4 25 | — | $-835.0K | ||
| Q3 25 | $-6.5M | $-9.8M | ||
| Q2 25 | $-5.2M | $-9.5M | ||
| Q1 25 | $-9.5M | $-12.8M | ||
| Q4 24 | — | $-10.8M | ||
| Q3 24 | $-912.0K | $-2.6M | ||
| Q2 24 | $2.0M | $7.0M | ||
| Q1 24 | $-2.5M | $-6.5M |
| Q4 25 | 68.2% | 89.1% | ||
| Q3 25 | 62.6% | 89.1% | ||
| Q2 25 | 62.6% | 89.3% | ||
| Q1 25 | 59.9% | 89.4% | ||
| Q4 24 | 70.8% | 89.6% | ||
| Q3 24 | 64.5% | 89.4% | ||
| Q2 24 | 62.6% | 89.5% | ||
| Q1 24 | 61.9% | 89.1% |
| Q4 25 | 10.6% | 3.6% | ||
| Q3 25 | -12.4% | -4.4% | ||
| Q2 25 | -7.7% | -5.9% | ||
| Q1 25 | -18.6% | -10.6% | ||
| Q4 24 | 17.3% | -3.6% | ||
| Q3 24 | -1.9% | -2.8% | ||
| Q2 24 | -5.9% | 7.6% | ||
| Q1 24 | -8.3% | -0.7% |
| Q4 25 | — | -0.7% | ||
| Q3 25 | -9.5% | -8.5% | ||
| Q2 25 | -7.3% | -8.5% | ||
| Q1 25 | -14.9% | -11.7% | ||
| Q4 24 | — | -9.7% | ||
| Q3 24 | -1.3% | -2.2% | ||
| Q2 24 | 2.9% | 5.7% | ||
| Q1 24 | -3.7% | -5.3% |
| Q4 25 | $0.14 | $-0.03 | ||
| Q3 25 | $-0.14 | $-0.11 | ||
| Q2 25 | $-0.11 | $-0.10 | ||
| Q1 25 | $-0.20 | $-0.13 | ||
| Q4 24 | $0.26 | $-0.10 | ||
| Q3 24 | $-0.02 | $-0.03 | ||
| Q2 24 | $0.04 | $0.07 | ||
| Q1 24 | $-0.05 | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $145.5M | $188.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $262.6M | $-77.2M |
| Total Assets | $680.2M | $569.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $145.5M | $188.0M | ||
| Q3 25 | $136.5M | $211.8M | ||
| Q2 25 | $90.5M | $203.5M | ||
| Q1 25 | $101.8M | $221.1M | ||
| Q4 24 | $100.5M | $218.4M | ||
| Q3 24 | $78.9M | $225.6M | ||
| Q2 24 | $73.5M | $271.7M | ||
| Q1 24 | $80.2M | $282.5M |
| Q4 25 | $262.6M | $-77.2M | ||
| Q3 25 | $245.1M | $-76.1M | ||
| Q2 25 | $243.3M | $-65.9M | ||
| Q1 25 | $275.6M | $-11.3M | ||
| Q4 24 | $277.3M | $13.4M | ||
| Q3 24 | $263.2M | $13.6M | ||
| Q2 24 | $282.7M | $24.4M | ||
| Q1 24 | $288.7M | $12.7M |
| Q4 25 | $680.2M | $569.7M | ||
| Q3 25 | $676.2M | $573.6M | ||
| Q2 25 | $675.2M | $592.4M | ||
| Q1 25 | $668.6M | $629.4M | ||
| Q4 24 | $739.5M | $664.1M | ||
| Q3 24 | $689.1M | $652.0M | ||
| Q2 24 | $673.1M | $665.3M | ||
| Q1 24 | $626.2M | $662.4M |
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 | $18.2M | $7.7M |
| Free Cash FlowOCF − Capex | $11.3M | $7.6M |
| FCF MarginFCF / Revenue | 14.1% | 6.8% |
| Capex IntensityCapex / Revenue | 8.6% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $66.7M | $9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.2M | $7.7M | ||
| Q3 25 | $32.4M | $2.6M | ||
| Q2 25 | $14.9M | $10.5M | ||
| Q1 25 | $15.6M | $-9.9M | ||
| Q4 24 | $18.0M | $12.5M | ||
| Q3 24 | $19.1M | $9.3M | ||
| Q2 24 | $11.9M | $21.9M | ||
| Q1 24 | $24.3M | $2.0M |
| Q4 25 | $11.3M | $7.6M | ||
| Q3 25 | $27.7M | $2.2M | ||
| Q2 25 | $13.6M | $10.2M | ||
| Q1 25 | $14.2M | $-10.2M | ||
| Q4 24 | $13.7M | $12.0M | ||
| Q3 24 | $7.4M | $9.2M | ||
| Q2 24 | $11.2M | $21.7M | ||
| Q1 24 | $23.5M | $1.9M |
| Q4 25 | 14.1% | 6.8% | ||
| Q3 25 | 40.8% | 1.9% | ||
| Q2 25 | 19.1% | 9.1% | ||
| Q1 25 | 22.2% | -9.3% | ||
| Q4 24 | 16.1% | 10.8% | ||
| Q3 24 | 10.3% | 7.8% | ||
| Q2 24 | 16.7% | 17.6% | ||
| Q1 24 | 35.2% | 1.6% |
| Q4 25 | 8.6% | 0.1% | ||
| Q3 25 | 6.9% | 0.3% | ||
| Q2 25 | 1.9% | 0.3% | ||
| Q1 25 | 2.3% | 0.3% | ||
| Q4 24 | 5.1% | 0.4% | ||
| Q3 24 | 16.3% | 0.2% | ||
| Q2 24 | 1.1% | 0.1% | ||
| Q1 24 | 1.2% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 6.06× | 3.12× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PUBM
Segment breakdown not available.
ZIP
| License | $84.3M | 75% |
| Services | $27.4M | 25% |
