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PUBMPubMatic, Inc.
$17.45$815M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
PUBM logo

PubMatic, Inc.

PUBM
NASDAQ · Application Software
$17.45
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$815M
P/E-56.3x
52W High$19.19
Volume710.78K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Revenue Inflection and Cash Generation Amidst GAAP Losses

PubMatic appears to be at an inflection point, with Q2 2026 revenue growth turning positive at 10.5% and gross margin expanding to 67.1%, suggesting a cyclical recovery in ad spend. The company's conservative balance sheet (D/E of 0.17) and strong cash convers...

GrowthAccelerating
ProfitabilityStrained
ValuationExpensive
TechnicalsStrong
Explore valuation models
MARKET ACTION

PUBM price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

12/12 Beats

EPS beat 12 of last 12 quarters

02

Valuation risk

-278% Peers

P/E is 278% below peer median

03

Market leadership

RS 96 · Leader

High momentum (Outperforming 96% of market)

04

Strong Uptrend

Strong Trend

Price > 20DMA > 50DMA > 200DMA

Next CatalystConfirmed earnings · Nov 9

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
PUBM+103.20%
S&P 500 (^GSPC)+12.39%
1-Year Return
PUBM+108.79%
S&P 500 (^GSPC)+15.77%
3-Year Return
PUBM+47.55%
S&P 500 (^GSPC)+73.11%
5-Year Return
PUBM-39.62%
S&P 500 (^GSPC)+66.87%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-56.3x
Forward P/E
N/A
EV/EBITDA100th %ile
26.9x
FCF YieldCash Flow
8.2%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-56.3x
63.9x
0th· Low
EV/EBITDA
26.9x
15.1x
100th· High
Price/FCF
12.2x
19.0x
20th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue
$283M-2.9% YoY
Net income
-$14M-215.7% YoY
Free cash flow
$67M+91.2% YoY
Operating margin
-6.1%-7.4 pts YoY
ROIC (TTM)-6.8%
Avg ROIC 5Y-
ROE (TTM)-5.4%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate12/12 (100%)
Revenue Beat Rate10/12 (83%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 6, 2026
-$0.03+83.2%
vs -$0.18
$79M+14.0%
vs $69M
Q2 2026
May 7, 2026
-$0.27+15.4%
vs -$0.32
$63M+3.6%
vs $60M
Q1 2026
Feb 26, 2026
$0.14+1154.2%
vs -$0.01
$80M+6.3%
vs $75M
Q4 2025
Nov 10, 2025
-$0.14+33.6%
vs -$0.21
$68M+6.2%
vs $64M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Defense World·2d ago
Comparing News (NASDAQ:NWSA) and PubMatic (NASDAQ:PUBM)

News (NASDAQ: NWSA - Get Free Report) and PubMatic (NASDAQ: PUBM - Get Free Report) are both communication services companies, but which is the better business? We will compare the two businesses based on the strength of their valuation, risk, profitability, institutional ownership, earnings, dividends and analyst recommendations. Analyst Ratings This is a breakdown of recent ratings

Defense World·3d ago
Mukul Kumar Sells 8,000 Shares of PubMatic (NASDAQ:PUBM) Stock

PubMatic, Inc. (NASDAQ: PUBM - Get Free Report) insider Mukul Kumar sold 8,000 shares of the company's stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $16.78, for a total transaction of $134,240.00. Following the completion of the sale, the insider directly owned 112,945 shares in the company,

24/7 Wall Street·6d ago
Magnite Jumps 5% as Craig-Hallum Lifts Target to $32 on Google Auction Remedies; PubMatic Rises 6%, Trade Desk Barely Budges

Ad tech's supply-side names are running higher Thursday morning after the unsealed remedies opinion in the Justice Department's antitrust case against Alphabet‘s (NASDAQ:GOOGL | GOOGL Price Prediction) Google.

Zacks Investment Research·Sep 3, 2026
PubMatic, Inc. (PUBM) Just Reclaimed the 20-Day Moving Average

PubMatic, Inc. (PUBM) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, PUBM crossed above the 20-day moving average, suggesting a short-term bullish trend.

Filtered for PubMatic, Inc.More Headlines
04

Compare before deciding

Benchmark PUBM against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for PubMatic, Inc. (PUBM)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
PUBM logoPUBMPubMatic, Inc.Current
$17.46$815.21M-56.31-2.86%-5.11%-5.36%—
MGNI logoMGNIMagnite, Inc.
$24.06$3.45B25.336.85%22.49%18.62%—
TTD logoTTDThe Trade Desk, Inc.
$12.68$5.96B13.9318.47%13.61%16.09%—
DV logoDVDoubleVerify Holdings, Inc.
$13.40$2.06B44.6713.92%7.66%5.37%—
IAS logoIASIntegral Ad Science Holding Corp.
$10.34$1.74B44.9611.75%7.91%4.43%—
CRTO logoCRTOCriteo S.A.
$16.55$831.55M6.250.6%5.6%8.9%—

Compare PUBM vs Peers

PubMatic, Inc. (PUBM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MGNI

Most directly comparable listed peer for PUBM.

Scale Benchmark

vs GOOGL

Larger-name benchmark to compare PUBM against a more recognizable public peer.

Peer Set

Compare Top 5

vs MGNI, TTD, DV, IAS

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

PUBM SEC Filings & Documents

PubMatic, Inc. (PUBM) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 12, 2026·SEC

Material company update

Aug 6, 2026·SEC

Material company update

Jun 3, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 27, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 6, 2026·SEC

FY 2026

May 7, 2026·SEC

FY 2025

Nov 10, 2025·SEC

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PUBM Frequently Asked Questions

PubMatic, Inc. (PUBM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is PubMatic, Inc.'s revenue?

PubMatic, Inc. (PUBM) reported $289.2M in revenue for fiscal year 2025. This represents a 191% increase from $99.3M in 2018.

How fast is PubMatic, Inc. growing?

PubMatic, Inc. (PUBM) saw revenue decline by 2.9% over the past year.

Is PUBM profitable?

PubMatic, Inc. (PUBM) reported a net loss of $13.5M for fiscal year 2025.

Dividend & Returns
What is PUBM's return on equity?

PubMatic, Inc. (PUBM) has a return on equity (ROE) of -5.4%. Negative ROE indicates the company is unprofitable.

What is PubMatic, Inc.'s free cash flow?

PubMatic, Inc. (PUBM) generated $46.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in PUBM back in 2018?

Total return calculator · dividends reinvested · 8+ years of data

See returns →