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PUBM

PubMatic, Inc.

Communication ServicesComputer Services
Ticker PUBMREDWOOD CITY, CAFiscal year ends DecemberBook value per share $5.12Diluted shares 46.6M

PubMatic, Inc. (Nasdaq: PUBM) is an independent advertising technology company whose AI-powered platform connects digital publishers, advertising buyers, data partners and commerce media networks to facilitate the purchase and sale of digital advertising. It helps publishers monetize advertising inventory and… From the company’s description.

Over the twelve months to Jun 30, 2026, PubMatic, Inc. reported revenue of $289.17M, down 1.0% from a year earlier, and a net loss of $13.48M. Its operating margin was −5.0%, and operations generated $88.04M in cash. In fiscal 2025, it reported revenue of $282.93M, down 2.9% from fiscal 2024, and a net loss of $14.46M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$282.93MFY2025
−2.9% year over year
Last 12 mo $289.17M
-6.10%FY2025
−7.4 percentage points
Last 12 mo -5.05%
$-14.46MFY2025
−215.7% year over year
Last 12 mo $-13.48M
-5.51%FY2025
−10 percentage points
Last 12 mo -5.65%
Cash & financing
$81.06MFY2025
+10.4% year over year
Last 12 mo $88.04M
$46.20MFY2025
+32.4% year over year
Last 12 mo $54.01M
—
47.0MFY2025
−13.4% year over year
Last 12 mo 46.6M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What PubMatic, Inc. does

In the company’s own words

PubMatic, Inc. (Nasdaq: PUBM) is an independent advertising technology company whose AI-powered platform connects digital publishers, advertising buyers, data partners and commerce media networks to facilitate the purchase and sale of digital advertising. It helps publishers monetize advertising inventory and audiences, while giving buyers tools to access inventory, manage campaigns and assess performance across display, video, mobile web, mobile apps and connected TV. Customers include publishers and app developers, advertisers, agencies, demand-side platforms, data providers and retail and commerce media businesses. PubMatic earns fees primarily from publishers’ monetized impressions and also offers paid products and features, including Connect for buyer data and insights, Activate for direct deals, OpenWrap for header bidding, Convert for commerce media and Intelligent Yield for automated pricing. The company operates one integrated platform and does not report business segments. Its proprietary software and hardware infrastructure supports real-time programmatic transactions, processing hundreds of billions of ad impressions and trillions of advertiser bids daily. Its website is https://www.pubmatic.com.

Company details
Sector
Communication Services
Industry (SIC)
Computer Services
Headquarters
REDWOOD CITY, CA
Fiscal year end
December
CIK
1422930
SIC
7370

Financial performance, year by year

Fiscal 2021–2025 · USD
$-45.03M$46.68M$138.40M$230.11M$321.83M20212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns PubMatic, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

177
funds hold it
0 of 35
superinvestors hold it
$106.44M
held by funds, at market
23.6%
of shares held by funds

Largest fund holders · PubMatic, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.02%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.01%of fund net assets
iShares Russell 2000 Value ETF
IWN · iShares Trust
0.03%of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do PubMatic, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of PubMatic, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in PubMatic, Inc.'s last four quarterly filings that the numbers alone won't show?”
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