PubMatic, Inc. (PUBM) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	289.2M	282.9M	291.3M	267.0M	256.4M
Cost of Revenue	102.9M	103.1M	101.0M	99.2M	81.5M
Gross Profit	186.3M	179.8M	190.2M	167.8M	174.9M
Operating Expenses
R&D Expense	33.1M	33.8M	33.3M	26.7M	20.8M
SG&A Expense	167.8M	163.3M	153.0M	139.0M	113.5M
General & Admin Expense	61.8M	60.3M	57.7M	56.2M	44.9M
Selling & Marketing Expense	106.0M	102.9M	95.4M	82.8M	68.6M
Other Expenses	(438.0K)	—	—	—	—
Total Operating Expenses	200.5M	197.1M	186.3M	165.7M	134.3M
Cost and Expenses	303.3M	300.2M	287.3M	265.0M	215.9M
Operating Income (EBIT)	(14.2M)	(17.3M)	3.9M	2.0M	40.5M
Non-Operating
Interest Income	4.9M	5.5M	8.5M	8.8M	2.2M
Interest Expense	—	—	—	—	—
Net Interest Income	4.9M	5.5M	8.5M	8.8M	2.2M
Other Non-Op Income/Expense	2.4M	1.3M	13.8M	8.5M	(3.1M)
Non-Operating Income (excl Interest)	(2.4M)	(1.3M)	(13.8M)	(8.5M)	3.1M
EBT (Pre-Tax Income)	(11.8M)	(16.0M)	17.8M	10.5M	37.5M
Income Tax Expense	1.7M	(1.5M)	5.3M	1.6M	8.8M
Bottom Line
Net Income	(13.5M)	(14.5M)	12.5M	8.9M	28.7M
Earnings from Cont. Ops	(13.5M)	(14.5M)	12.5M	8.9M	28.7M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	(13.5M)	(14.5M)	12.5M	8.9M	28.7M
Per Share
Basic EPS	($0.30)	($0.31)	$0.25	$0.17	$0.55
Diluted EPS	($0.30)	($0.31)	$0.23	$0.16	$0.50
Revenue Per Share	$6.27	$6.02	$5.92	$5.16	$4.90
Shares
Basic Shares Outstanding	46.1M	47.0M	49.2M	51.8M	52.3M
Diluted Shares Outstanding	46.1M	47.0M	54.3M	56.0M	56.9M
Profitability Metrics
EBITDA	38.4M	27.8M	63.1M	55.3M	77.5M
D&A	50.2M	43.8M	45.4M	44.8M	40.1M
EBIT	(11.8M)	(16.0M)	17.8M	10.5M	37.5M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026