PubMatic, Inc. (PUBM) Revenue History
Annual and quarterly revenue from 2018 to 2025
Compound Annual Growth Rate (CAGR)
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PUBM Revenue Growth
Revenue Breakdown (FY 2025)
PUBM's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
PUBM Revenue Analysis (2018–2025)
As of May 6, 2026, PubMatic, Inc. (PUBM) generated trailing twelve-month (TTM) revenue of $282.9 million, reflecting moderate decline in growth of -6.4% year-over-year. The most recent quarter (Q4 2025) recorded $80.0 million in revenue, up 17.8% sequentially.
Looking at the longer-term picture, PUBM's 5-year compound annual growth rate (CAGR) stands at +13.7%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $291.3 million in 2024.
Revenue diversification analysis shows PUBM's business is primarily driven by Reportable Segment (100%). With over half of revenue concentrated in Reportable Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including MGNI (+7.1% YoY), TTD (+18.5% YoY), and DV (+13.9% YoY), PUBM has underperformed the peer group in terms of revenue growth. Compare PUBM vs MGNI →
PUBM Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| PUBMCurrent | $283M | -6.4% | +13.7% | -6.1% | |
 MGNI | $714M | +7.1% | +26.4% | 13.7% | |
 TTD | $2.9B | +18.5% | +28.2% | 20.3% | |
 DV | $748M | +13.9% | +25.1% | 10.6% | |
 IAS | $530M | +15.5% | +19.9% | 11.4% | |
 CRTO | $1.9B | +0.6% | -3.1% | 7.8% |
PUBM Historical Revenue Data (2018–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $282.9M | -2.9% | $179.8M | 63.6% | $-17,259,000 | -6.1% |
| 2024 | $291.3M | +9.1% | $190.2M | 65.3% | $3.9M | 1.3% |
| 2023 | $267.0M | +4.1% | $167.8M | 62.8% | $2.0M | 0.8% |
| 2022 | $256.4M | +13.0% | $174.9M | 68.2% | $40.5M | 15.8% |
| 2021 | $226.9M | +52.5% | $168.6M | 74.3% | $58.8M | 25.9% |
| 2020 | $148.7M | +30.6% | $107.6M | 72.3% | $31.8M | 21.3% |
| 2019 | $113.9M | +14.7% | $77.8M | 68.3% | $8.5M | 7.5% |
| 2018 | $99.3M | - | $68.0M | 68.5% | $5.0M | 5.0% |
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Start ComparisonPUBM — Frequently Asked Questions
Quick answers to the most common questions about buying PUBM stock.
Is PUBM's revenue growth accelerating or slowing?
PUBM revenue declined -6.4% year-over-year, contrasting with the 5-year CAGR of +13.7%. TTM revenue fell to $283M. This reverses the prior growth trend.
What is PUBM's long-term revenue growth rate?
PubMatic, Inc.'s 5-year revenue CAGR of +13.7% reflects the variable expansion pattern. Current YoY growth of -6.4% is below this long-term average.
How is PUBM's revenue distributed by segment?
PUBM reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2018-2025 are available for download. Segment mix reveals concentration and diversification trends.