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PUBMPubMatic, Inc.
$17.81$832M
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 · Ad Tech
$17.81
At close - Nov 6, 4:00 PM EST - USD
Market Cap$832M
P/E-60.9x
52W High$19.48
Volume618.73K
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.

GrowthAccelerating
ProfitabilityStrained
ValuationExpensive
TechnicalsHealthy
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

-378% Peers

P/E is 378% below peer median

03

Market leadership

RS 95 · Leader

High momentum (Outperforming 95% of market)

04

Healthy Uptrend

Uptrend

Price > 50DMA > 200DMA

Next CatalystConfirmed earnings · Nov 9

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
PUBM+107.33%
S&P 500 (^GSPC)+7.63%
1-Year Return
PUBM+141.33%
S&P 500 (^GSPC)+9.69%
3-Year Return
PUBM+49.66%
S&P 500 (^GSPC)+78.51%
5-Year Return
PUBM-40.43%
S&P 500 (^GSPC)+64.60%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-60.9x
Forward P/E
N/A
EV/EBITDA100th %ile
28.0x
FCF YieldCash Flow
5.6%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-60.9x
63.9x
0th· Low
EV/EBITDA
28.0x
15.1x
100th· High
Price/FCF
17.7x
19.0x
40th· Fair
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 FY25
$283M-2.9% YoY
Net income FY25
-$14M-215.7% YoY
Free cash flow FY25
$67M+91.2% YoY
Operating margin FY25
-6.1%-7.4 pts YoY
ROIC (FY25)-6.8%
Avg ROIC 5Y7.8%
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

4 Stories
Business Wire·3d ago
Strategus Partners with PubMatic to Unlock Smarter CTV Performance for Advertisers in Live Sports

DENVER & REDWOOD CITY, Calif.--(BUSINESS WIRE)--PubMatic (Nasdaq: PUBM), the leading AI-powered ad tech company delivering digital advertising performance, and Strategus, a pioneer in connected TV and omnichannel programmatic advertising, today announced an expanded partnership to help brands access premium live sports and sports-adjacent CTV through PubMatic's unified platform. The collaboration is designed to make these environments more accessible, precise and performance-driven for advertis.

Seeking Alpha·Oct 31, 2026
PubMatic: A Good Stock To Buy, But Not At This Price

PubMatic has gone up by ~90% this year as investors see the business turnaround starting Q2 2026. AgenticOS is looking to be an incremental revenue accelerator; early results show 2x more reach per ad spend and an 87% reduction in campaign setup times. Aggressive shift towards CTV and mobile apps in the last few years indicates management proactiveness; today 60% of the total revenue comes from high-growth channels like these.

Defense World·Oct 20, 2026
PubMatic (NASDAQ:PUBM) Insider Mukul Kumar Sells 8,000 Shares of Stock

PubMatic, Inc. (NASDAQ: PUBM - Get Free Report) insider Mukul Kumar sold 8,000 shares of the stock in a transaction on Friday, October 16th. The stock was sold at an average price of $17.12, for a total value of $136,960.00. Following the transaction, the insider directly owned 117,041 shares in the company, valued at $2,003,741.92. The

Zacks Investment Research·Oct 19, 2026
The Trade Desk Broadens CTV Ad Reach in Italy: A New Catalyst for TTD?

TTD expands CTV advertising reach in Italy with Skydance Pause Ads on HBO Max and discovery+, adding premium inventory as international CTV growth accelerates.

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
$17.81$831.79M-60.91-2.86%-4.66%-5.41%—
MGNI logoMGNIMagnite, Inc.
$27.39$3.92B22.846.85%23.58%19.35%—
TTD logoTTDThe Trade Desk, Inc.
$12.93$6.08B14.9318.47%13.61%16.09%—
DV logoDVDoubleVerify Holdings, Inc.
$13.56$2.08B33.6613.92%8.22%5.82%—
CRTO logoCRTOCriteo S.A.
$15.42$774.77M10.640.6%3.99%6.14%—
APP logoAPPAppLovin Corporation
$391.22$131.43B26.1269.99%65.89%182.97%—

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, CRTO

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 over the trailing twelve months. Revenue was $282.9M in fiscal year 2025. That is 185% more than the $99.3M of fiscal year 2018.

How fast is PubMatic, Inc. growing?

PubMatic, Inc. (PUBM) revenue fell by 1.0% over the trailing twelve months, compared with the twelve months before.

Is PUBM profitable?

No. PubMatic, Inc. (PUBM) reported a net loss of $13.5M over the trailing twelve months.

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

PubMatic, Inc. (PUBM) had a return on equity (ROE) of -5.4% over the trailing twelve months. A negative ROE means the company lost money over the period.

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

PubMatic, Inc. (PUBM) generated $46.9M in free cash flow over the trailing twelve months.

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

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

See returns →