PUBM on Nasdaq

PubMatic, Inc.

American computer programming, data processing services company. Summary from the record

Price unavailable

Last updated Oct 19, 2026.

Overview

$282.9MRevenue, fiscal 20252
-$14.5MNet income, fiscal 20252

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  • TickerPUBM on Nasdaq1
  • IndustryServices-Computer Programming, Data Processing, Etc.1
  • HeadquartersRedwood City, California1
  • Incorporated inDE3
  • Business address601 Marshall Street, Redwood City, Ca 940633
  • Filer categoryAccelerated filer3

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PubMatic, Inc. (“we”, or “us) is an independent, artificial intelligence-powered advertising technology company that delivers digital advertising performance. Our mission is to fuel the endless potential of Internet content creators and to enable a thriving, advertisement-funded digital ecosystem where global audiences can gain free or affordable access to information and entertainment.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

63.6%Gross margin2
-6.1%Operating margin2
-5.1%Net margin2
-2.9%Revenue growth, 20252
-5.5%Return on equity2
$66.7MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

United States brought in 56% of the revenue PubMatic, Inc. broke down this way in fiscal 2025.

  1. United States$158.1M256%down 10% from 2024
  2. EMEA$90.5M232%up 9% from 2024
  3. Asia Pacific$28.4M210%up 14% from 2024
  4. Rest of the World$5.9M22%down 12% from 2024
Regions by year
Regions202320242025
United States$158.1M$176.2M$158.1M
EMEA$84.9M$83.4M$90.5M
Asia Pacific$19.3M$25.0M$28.4M
Rest of the World$4.7M$6.7M$5.9M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue36¢$103.1M
  • Research and development12¢$33.8M
  • Other costs51¢$144.5M
  • Income tax1¢$1.5M

Out of $282.9M in revenue.2 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending18¢$14.3M
  • Share buybacks57¢$46.5M
  • Kept or used elsewhere25¢$20.2M

Out of $81.1M of cash from operations.2

Financial statements

Revenue56782$282.9M in 2025+148% since 2019
0$100.0M$200.0M$300.0M2019: $113.9M$113.9M20192020: $148.7M$148.7M2020+31%2021: $226.9M$226.9M2021+53%2022: $256.4M$256.4M2022+13%2023: $267.0M$267.0M2023+4%2024: $291.3M$291.3M2024+9%2025: $282.9M$282.9M2025−3%
Gross profit56782$179.8M in 2025+131% since 2019
0$50.0M$100.0M$150.0M$200.0M2019: $77.8M$77.8M20192020: $107.6M$107.6M2020+38%2021: $168.6M$168.6M2021+57%2022: $174.9M$174.9M2022+4%2023: $167.8M$167.8M2023−4%2024: $190.2M$190.2M2024+13%2025: $179.8M$179.8M2025−5%
Operating income56782-$17.3M in 2025
-$20.0M0$20.0M$40.0M$60.0M2019: $8.5M$8.5M20192020: $31.8M$31.8M2020+273%2021: $58.8M$58.8M2021+85%2022: $40.5M$40.5M2022−31%2023: $2.0M$2.0M2023−95%2024: $3.9M$3.9M2024+93%2025: -$17.3M-$17.3M2025
Net income56782-$14.5M in 2025
-$20.0M0$20.0M$40.0M$60.0M2019: $6.6M$6.6M20192020: $26.6M$26.6M2020+301%2021: $56.6M$56.6M2021+113%2022: $28.7M$28.7M2022−49%2023: $8.9M$8.9M2023−69%2024: $12.5M$12.5M2024+41%2025: -$14.5M-$14.5M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Revenue$282.9M$291.3M$267.0M
Cost of revenue$103.1M$101.0M$99.2M
Gross profit$179.8M$190.2M$167.8M
Technology and development$33.8M$33.3M$26.7M
Sales and marketing$102.9M$95.4M$82.8M
General and administrative$60.3M$57.7M$56.2M
Total operating expenses$197.1M$186.3M$165.7M
Operating income (loss)-$17.3M$3.9M$2.0M
Interest income$5.5M$8.5M$8.8M
Other income (expense), net-$4.2M$5.4M-$359.0K
Total other income, net$1.3M$13.8M$8.5M
Income before provision for (benefit from) income taxes-$16.0M$17.8M$10.5M
Provision for (benefit from) income taxes-$1.5M$5.3M$1.6M
Net income (loss)-$14.5M$12.5M$8.9M
Basic (in usd per share)-$0.31$0.25$0.17
Diluted (in usd per share)-$0.31$0.23$0.16
Basic (in shares)47.0M shares49.2M shares51.8M shares
Diluted (in shares)47.0M shares54.3M shares56.0M shares

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Leadership

Who has led PubMatic, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Rajeev K. Goel2020–now

Chair

  1. Amar K. Goel2020–now

President

  1. Mukul Kumar2020–now

Chief financial officer

  1. Steven Pantelick2020–now
2025
Board members and other officers (15)

Former names

  • Komli IncJan 2, 2008 to Jan 2, 20083

Timeline

  1. Dec 8, 2020New chief executive Rajeev K. Goel becomes CEO13

Filings

751 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 37 major events, 481 insider forms, 32 large holders, 180 other. The latest 20:

  1. Oct 6, 20264 EDGAR
  2. Oct 6, 20264 EDGAR
  3. Oct 6, 20264 EDGAR
  4. Oct 5, 20264 EDGAR
  5. Oct 5, 2026144 EDGAR
  6. Oct 5, 2026144 EDGAR
  7. Oct 5, 2026144 EDGAR
  8. Oct 5, 20264 EDGAR
  9. Oct 5, 20264 EDGAR
  10. Oct 5, 20264 EDGAR
  11. Oct 5, 20264 EDGAR
  12. Oct 2, 20264 EDGAR
  13. Sep 25, 20264 EDGAR
  14. Sep 24, 2026144 EDGAR
  15. Sep 18, 20264 EDGAR
  16. Sep 16, 2026144 EDGAR
  17. Sep 4, 20264 EDGAR
  18. Sep 3, 2026144 EDGAR
  19. Sep 2, 20264 EDGAR
  20. Aug 26, 2026144 EDGAR

The 751 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

412 open-market trades by officers, directors and large owners since October 2021: 0 buys and 412 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 24, 2026Goel Rajeev K.CHIEF EXECUTIVE OFFICERSale50,453$18.44$930.5KForm 4
Sep 16, 2026Kumar MukulPRESIDENT, ENGINEERINGSale8,000$16.78$134.2KForm 4
Sep 3, 2026Goel Amar K.CHAIRMAN, CHIEF INNOVATION OFFSale6,250$17.04$106.5KForm 4
Sep 1, 2026Gimbel LisaCHIEF ACCOUNTING OFFICERSale500$16.43$8.2KForm 4
Aug 20, 2026Goel Rajeev K.CHIEF EXECUTIVE OFFICERSale49,980$16.49$824.2KForm 4
Aug 17, 2026Kumar MukulPRESIDENT, ENGINEERINGSale8,000$17.05$136.4KForm 4
Aug 13, 2026Pantelick StevenCHIEF FINANCIAL OFFICERSale19,716$17.31$341.3KForm 4
Aug 12, 2026Gimbel LisaCHIEF ACCOUNTING OFFICERSale500$17.50$8.8KForm 4
Aug 12, 2026Pantelick StevenCHIEF FINANCIAL OFFICERSale22,203$17.25$383.0KForm 4
Aug 10, 2026Woods AndrewGENERAL COUNSEL & SECRETARYSale38,331$17.96$688.4KForm 4
Aug 7, 2026Goel Rajeev K.CHIEF EXECUTIVE OFFICERSale211,302$17.74$3.7MForm 4
Jul 23, 2026Goel Rajeev K.CHIEF EXECUTIVE OFFICERSale49,979$12.35$617.2KForm 4
Jul 16, 2026Woods AndrewGENERAL COUNSEL & SECRETARYSale3,239$14.01$45.4KForm 4
Jul 16, 2026Goel Rajeev K.CHIEF EXECUTIVE OFFICERSale8,962$13.94$124.9KForm 4
Jul 16, 2026Kumar MukulPRESIDENT, ENGINEERINGSale8,000$13.67$109.4KForm 4
Jul 15, 2026Goel Rajeev K.CHIEF EXECUTIVE OFFICERSale4,060$13.90$56.4KForm 4
Jul 6, 2026Klimenko PaulinaCHIEF GROWTH OFFICERSale9,009$13.42$120.9KForm 4
Jul 6, 2026Pantelick StevenCHIEF FINANCIAL OFFICERSale12,548$13.42$168.4KForm 4
Jul 2, 2026Klimenko PaulinaCHIEF GROWTH OFFICERSale14,914$13.65$203.6KForm 4
Jul 2, 2026Woods AndrewGENERAL COUNSEL & SECRETARYSale5,758$13.65$78.6KForm 4

All 412 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.3,279,530$43.0M0.0%+214,494
Vanguard Capital Management LLC1,661,312$21.8M0.0%+47,543
Dimensional Fund Advisors LP1,491,121$19.6M0.0%+245,762
Renaissance Technologies LLC1,421,049$18.6M0.0%−119,484
Whitefort Capital Management, LP1,110,656$14.6M3.7%+420,656
Geode Capital Management, LLC991,800$13.0M0.0%+41,195
Vanguard Portfolio Management LLC947,548$12.4M0.0%+308,763
Jacobs Levy Equity Management, Inc862,996$11.3M0.0%−69,217
State Street Corp854,147$11.2M0.0%+62,728
S Squared Technology, LLC748,099$9.8M3.0%+71,700
Simcoe Capital LLC693,903$9.1M5.6%+207,651
Highbridge Capital Management LLC644,593$8.4M0.5%New
American Century Companies Inc642,076$8.4M0.0%+529,804
Two Sigma Investments, LP638,102$8.4M0.0%+103,653
Royal Bank Of Canada619,290$8.1M0.0%−120,991
Nuveen, LLC464,187$6.1M0.0%+381,254
Citadel Advisors LLC414,880$5.4M0.0%+265,837
CenterBook Partners LP413,983$5.4M0.3%−1,328,117
Trexquant Investment LP382,525$5.0M0.0%−39,898
Northern Trust Corp348,134$4.6M0.0%+57,573
Charles Schwab Investment Management Inc303,624$4.0M0.0%+8,821
Panagora Asset Management Inc287,735$3.8M0.0%+11,479
Aqr Capital Management LLC286,438$3.8M0.0%+161,484
Morgan Stanley284,256$3.7M0.0%−57,414
Quantinno Capital Management LP249,688$3.3M0.0%+42,873

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

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