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PubMatic (PUBM) Financials

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$9.82 +0.08 (+0.82%)
Closing price 05/6/2025 04:00 PM Eastern
Extended Trading
$9.82 +0.00 (+0.05%)
As of 05/6/2025 06:44 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for PubMatic

Annual Income Statements for PubMatic

This table shows PubMatic's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders
29 8.88 13
Consolidated Net Income / (Loss)
29 8.88 13
Net Income / (Loss) Continuing Operations
29 8.88 13
Total Pre-Tax Income
37 11 18
Total Operating Income
41 2.04 3.93
Total Gross Profit
175 168 190
Total Revenue
256 267 291
Operating Revenue
256 267 291
Total Cost of Revenue
82 99 101
Operating Cost of Revenue
82 99 101
Total Operating Expenses
134 166 186
Selling, General & Admin Expense
45 56 58
Marketing Expense
69 83 95
Research & Development Expense
21 27 33
Total Other Income / (Expense), net
-3.05 8.47 14
Interest & Investment Income
2.21 8.83 8.48
Other Income / (Expense), net
-5.27 -0.36 5.37
Income Tax Expense
8.76 1.62 5.27
Basic Earnings per Share
$0.55 $0.17 $0.25
Weighted Average Basic Shares Outstanding
52.28M 51.76M 49.21M
Diluted Earnings per Share
$0.50 $0.16 $0.23
Weighted Average Diluted Shares Outstanding
56.91M 56.03M 54.29M
Weighted Average Basic & Diluted Shares Outstanding
52.83M 50.01M 48.53M

Quarterly Income Statements for PubMatic

This table shows PubMatic's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders
3.33 13 -5.87 -5.72 1.77 19 -2.45 1.97 -0.91 14
Consolidated Net Income / (Loss)
3.33 13 -5.87 -5.72 1.77 19 -2.45 1.97 -0.91 14
Net Income / (Loss) Continuing Operations
3.33 13 -5.87 -5.72 1.77 19 -2.45 1.97 -0.91 14
Total Pre-Tax Income
4.72 17 -9.25 -5.18 1.89 23 -2.70 2.38 -0.33 18
Total Operating Income
9.62 17 -11 -7.13 -0.57 20 -5.53 -3.99 -1.37 15
Total Gross Profit
43 51 32 38 38 60 41 42 46 61
Total Revenue
65 74 55 63 64 85 67 67 72 86
Operating Revenue
65 74 55 63 64 85 67 67 72 86
Total Cost of Revenue
22 23 24 25 26 24 25 25 26 25
Operating Cost of Revenue
22 23 24 25 26 24 25 25 26 25
Total Operating Expenses
33 35 42 45 38 40 47 46 48 46
Selling, General & Admin Expense
12 11 13 19 12 13 14 14 15 14
Marketing Expense
16 18 23 20 20 20 25 23 24 24
Research & Development Expense
5.08 5.92 6.52 6.73 6.63 6.85 7.96 8.66 8.81 7.83
Total Other Income / (Expense), net
-4.90 0.29 1.43 1.96 2.46 2.63 2.82 6.37 1.04 3.62
Other Income / (Expense), net
-5.49 -0.88 -0.47 -0.22 0.21 0.12 0.26 4.03 -0.93 2.01
Income Tax Expense
1.40 4.03 -3.38 0.55 0.11 4.34 -0.25 0.41 0.59 4.52
Basic Earnings per Share
$0.06 $0.25 ($0.11) ($0.11) $0.03 $0.36 ($0.05) $0.04 ($0.02) $0.28
Weighted Average Basic Shares Outstanding
52.44M 52.28M 52.74M 52.03M 51.64M 51.76M 50.04M 49.78M 49.06M 49.21M
Diluted Earnings per Share
$0.06 $0.22 ($0.11) ($0.11) $0.03 $0.35 ($0.05) $0.04 ($0.02) $0.26
Weighted Average Diluted Shares Outstanding
56.94M 56.91M 52.74M 52.03M 55.98M 56.03M 50.04M 55.58M 49.06M 54.29M
Weighted Average Basic & Diluted Shares Outstanding
52.57M 52.83M 51.94M 51.87M 50.76M 50.01M 49.93M 49.58M 47.77M 48.53M

Annual Cash Flow Statements for PubMatic

This table details how cash moves in and out of PubMatic's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents
9.88 -14 22
Net Cash From Operating Activities
87 81 73
Net Cash From Continuing Operating Activities
87 81 73
Net Income / (Loss) Continuing Operations
29 8.88 13
Consolidated Net Income / (Loss)
29 8.88 13
Depreciation Expense
34 45 45
Amortization Expense
-0.58 -4.09 -4.12
Non-Cash Adjustments To Reconcile Net Income
33 41 44
Changes in Operating Assets and Liabilities, net
-7.68 -9.16 -25
Net Cash From Investing Activities
-81 -39 22
Net Cash From Continuing Investing Activities
-81 -39 22
Purchase of Property, Plant & Equipment
-49 -28 -39
Acquisitions
-28 0.00 0.00
Purchase of Investments
-138 -141 -142
Sale and/or Maturity of Investments
133 130 203
Net Cash From Financing Activities
4.04 -56 -73
Net Cash From Continuing Financing Activities
4.04 -56 -73
Repayment of Debt
-0.12 -0.13 -0.13
Repurchase of Common Equity
0.00 -59 -77
Issuance of Common Equity
2.96 1.87 2.37
Other Financing Activities, net
1.20 1.55 1.77
Cash Income Taxes Paid
9.19 16 14

Quarterly Cash Flow Statements for PubMatic

This table details how cash moves in and out of PubMatic's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents
0.28 40 -13 26 -7.81 -19 1.69 -6.67 5.39 22
Net Cash From Operating Activities
28 19 13 16 24 29 24 12 19 18
Net Cash From Continuing Operating Activities
28 19 13 16 24 29 24 12 19 18
Net Income / (Loss) Continuing Operations
3.33 13 -5.87 -5.72 1.77 19 -2.45 1.97 -0.91 14
Consolidated Net Income / (Loss)
3.33 13 -5.87 -5.72 1.77 19 -2.45 1.97 -0.91 14
Depreciation Expense
9.08 11 11 11 11 11 11 11 11 11
Amortization Expense
-0.16 -0.41 -1.06 -0.99 -1.02 -1.03 -1.23 -1.23 -1.09 -0.57
Non-Cash Adjustments To Reconcile Net Income
12 7.00 8.59 14 8.74 8.92 11 11 11 11
Changes in Operating Assets and Liabilities, net
3.47 -11 -0.34 -2.82 2.95 -8.95 5.97 -12 -1.24 -18
Net Cash From Investing Activities
-28 20 -18 24 -14 -31 -3.87 -2.00 16 13
Net Cash From Continuing Investing Activities
-28 20 -18 24 -14 -31 -3.87 -2.00 16 13
Purchase of Property, Plant & Equipment
-17 -12 -7.42 -5.05 -6.68 -9.14 -8.03 -5.03 -16 -9.19
Purchase of Investments
-17 -38 -40 -6.37 -30 -64 -34 -62 -21 -24
Sale and/or Maturity of Investments
35 70 30 36 23 42 39 65 53 46
Net Cash From Financing Activities
0.19 0.66 -7.62 -14 -18 -17 -19 -17 -29 -8.86
Net Cash From Continuing Financing Activities
0.19 0.66 -7.62 -14 -18 -17 -19 -17 -29 -8.86
Repayment of Debt
-0.03 -0.03 -0.03 -0.03 -0.03 -0.03 -0.03 -0.03 -0.03 -0.03
Repurchase of Common Equity
- - -7.90 -16 -18 -18 -20 -18 -30 -9.93
Issuance of Common Equity
- 0.56 - - - 0.90 - - - 0.92
Other Financing Activities, net
0.22 0.14 0.31 0.62 0.27 0.34 0.94 0.34 0.30 0.19
Cash Income Taxes Paid
5.72 1.63 0.35 10 1.02 4.11 1.03 4.76 4.54 3.84

Annual Balance Sheets for PubMatic

This table presents PubMatic's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Total Assets
642 695 740
Total Current Assets
503 562 576
Cash & Equivalents
92 79 100
Short-Term Investments
82 97 40
Accounts Receivable
314 375 425
Prepaid Expenses
15 11 10
Plant, Property, & Equipment, net
71 61 59
Total Noncurrent Assets
68 73 105
Goodwill
30 30 30
Intangible Assets
8.30 5.86 4.28
Noncurrent Deferred & Refundable Income Taxes
1.05 14 25
Other Noncurrent Operating Assets
29 23 47
Total Liabilities & Shareholders' Equity
642 695 740
Total Liabilities
330 399 462
Total Current Liabilities
302 380 419
Accounts Payable
277 348 387
Accrued Expenses
19 26 26
Other Current Liabilities
5.68 6.24 5.84
Total Noncurrent Liabilities
28 19 43
Capital Lease Obligations
- 16 40
Other Noncurrent Operating Liabilities
27 3.84 3.91
Commitments & Contingencies
0.00 0.00 0.00
Total Equity & Noncontrolling Interests
312 296 277
Total Preferred & Common Equity
312 296 277
Preferred Stock
0.00 0.00 0.00
Total Common Equity
312 296 277
Common Stock
196 230 275
Retained Earnings
128 137 149
Treasury Stock
-11 -71 -147
Accumulated Other Comprehensive Income / (Loss)
-0.01 -0.00 -0.64

Quarterly Balance Sheets for PubMatic

This table presents PubMatic's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
Total Assets
602 577 584 613 626 673 689
Total Current Assets
458 440 443 474 489 532 530
Cash & Equivalents
52 79 106 98 80 74 79
Short-Term Investments
114 94 65 74 94 92 61
Accounts Receivable
277 253 258 291 303 352 377
Prepaid Expenses
15 14 14 12 12 15 13
Plant, Property, & Equipment, net
75 69 66 62 57 60 63
Total Noncurrent Assets
69 69 75 77 81 81 96
Goodwill
30 30 30 30 30 30 30
Intangible Assets
8.82 7.05 6.65 6.26 5.47 5.07 4.68
Noncurrent Deferred & Refundable Income Taxes
0.47 4.95 13 15 19 23 25
Other Noncurrent Operating Assets
30 27 25 26 27 24 37
Total Liabilities & Shareholders' Equity
602 577 584 613 626 673 689
Total Liabilities
310 271 289 324 337 390 426
Total Current Liabilities
279 248 269 304 316 370 393
Short-Term Debt
- - - - 6.84 6.78 6.38
Accounts Payable
258 223 240 273 289 341 361
Accrued Expenses
15 19 23 25 20 23 26
Total Noncurrent Liabilities
31 24 20 21 22 20 33
Capital Lease Obligations
- - - - 18 16 29
Other Noncurrent Operating Liabilities
27 24 20 21 4.07 4.05 4.20
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
293 306 295 289 289 283 263
Total Preferred & Common Equity
293 306 295 289 289 283 263
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
293 306 295 289 289 283 263
Common Stock
189 204 213 221 241 253 264
Retained Earnings
115 122 116 118 134 136 135
Treasury Stock
-11 -19 -35 -51 -87 -107 -136
Accumulated Other Comprehensive Income / (Loss)
-0.22 0.01 -0.03 -0.01 -0.03 -0.03 -0.03

Annual Metrics and Ratios for PubMatic

This table displays calculated financial ratios and metrics derived from PubMatic's official financial filings.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Growth Metrics
- - -
Revenue Growth
12.99% 4.15% 9.08%
EBITDA Growth
-21.26% -38.55% 19.31%
EBIT Growth
-45.35% -95.24% 454.38%
NOPAT Growth
-39.55% -94.46% 60.50%
Net Income Growth
-49.29% -69.06% 40.80%
EPS Growth
-50.00% -68.00% 43.75%
Operating Cash Flow Growth
-1.66% -6.98% -9.49%
Free Cash Flow Firm Growth
-132.56% 133.19% -1,311.87%
Invested Capital Growth
41.25% -0.97% 29.13%
Revenue Q/Q Growth
-0.49% 4.01% 0.31%
EBITDA Q/Q Growth
-17.51% 12.30% -5.37%
EBIT Q/Q Growth
-33.55% 152.26% -28.55%
NOPAT Q/Q Growth
-26.42% 234.08% -62.51%
Net Income Q/Q Growth
-35.00% 200.03% -27.75%
EPS Q/Q Growth
-35.06% 433.33% -28.13%
Operating Cash Flow Q/Q Growth
-9.47% 12.97% -12.64%
Free Cash Flow Firm Q/Q Growth
-4,127.04% -61.88% -10.13%
Invested Capital Q/Q Growth
8.92% 16.41% 11.40%
Profitability Metrics
- - -
Gross Margin
68.21% 62.84% 65.31%
EBITDA Margin
26.88% 15.86% 17.35%
Operating Margin
15.80% 0.76% 1.35%
EBIT Margin
13.75% 0.63% 3.19%
Profit (Net Income) Margin
11.20% 3.33% 4.29%
Tax Burden Percent
76.61% 84.54% 70.35%
Interest Burden Percent
106.28% 626.42% 191.18%
Effective Tax Rate
23.39% 15.46% 29.65%
Return on Invested Capital (ROIC)
26.38% 1.26% 1.77%
ROIC Less NNEP Spread (ROIC-NNEP)
27.78% -3.03% -5.70%
Return on Net Nonoperating Assets (RNNOA)
-16.30% 1.66% 2.59%
Return on Equity (ROE)
10.08% 2.92% 4.36%
Cash Return on Invested Capital (CROIC)
-7.81% 2.23% -23.66%
Operating Return on Assets (OROA)
5.91% 0.25% 1.30%
Return on Assets (ROA)
4.81% 1.33% 1.74%
Return on Common Equity (ROCE)
10.08% 2.92% 4.36%
Return on Equity Simple (ROE_SIMPLE)
9.19% 3.00% 4.51%
Net Operating Profit after Tax (NOPAT)
31 1.72 2.76
NOPAT Margin
12.11% 0.64% 0.95%
Net Nonoperating Expense Percent (NNEP)
-1.40% 4.29% 7.47%
Return On Investment Capital (ROIC_SIMPLE)
9.94% 0.55% 0.87%
Cost of Revenue to Revenue
31.79% 37.16% 34.69%
SG&A Expenses to Revenue
17.53% 21.05% 19.80%
R&D to Revenue
8.13% 10.01% 11.42%
Operating Expenses to Revenue
52.40% 62.08% 63.97%
Earnings before Interest and Taxes (EBIT)
35 1.68 9.30
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
69 42 51
Valuation Ratios
- - -
Price to Book Value (P/BV)
2.16 2.80 2.53
Price to Tangible Book Value (P/TBV)
2.45 3.18 2.88
Price to Revenue (P/Rev)
2.63 3.10 2.41
Price to Earnings (P/E)
23.46 93.23 56.12
Dividend Yield
0.00% 0.00% 0.00%
Earnings Yield
4.26% 1.07% 1.78%
Enterprise Value to Invested Capital (EV/IC)
3.62 4.90 3.41
Enterprise Value to Revenue (EV/Rev)
1.95 2.50 2.06
Enterprise Value to EBITDA (EV/EBITDA)
7.24 15.78 11.89
Enterprise Value to EBIT (EV/EBIT)
14.15 398.45 64.61
Enterprise Value to NOPAT (EV/NOPAT)
16.07 388.20 217.42
Enterprise Value to Operating Cash Flow (EV/OCF)
5.72 8.24 8.18
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 218.92 0.00
Leverage & Solvency
- - -
Debt to Equity
0.00 0.05 0.14
Long-Term Debt to Equity
0.00 0.05 0.14
Financial Leverage
-0.59 -0.55 -0.45
Leverage Ratio
2.09 2.20 2.50
Compound Leverage Factor
2.23 13.77 4.78
Debt to Total Capital
0.00% 5.01% 12.48%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
0.00% 5.01% 12.48%
Preferred Equity to Total Capital
0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00%
Common Equity to Total Capital
100.00% 94.99% 87.52%
Debt to EBITDA
0.00 0.37 0.78
Net Debt to EBITDA
0.00 -3.77 -2.00
Long-Term Debt to EBITDA
0.00 0.37 0.78
Debt to NOPAT
0.00 9.07 14.31
Net Debt to NOPAT
0.00 -92.80 -36.58
Long-Term Debt to NOPAT
0.00 9.07 14.31
Altman Z-Score
2.46 2.23 1.88
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00%
Liquidity Ratios
- - -
Current Ratio
1.67 1.48 1.37
Quick Ratio
1.62 1.45 1.35
Cash Flow Metrics
- - -
Free Cash Flow to Firm (FCFF)
-9.19 3.05 -37
Operating Cash Flow to CapEx
178.37% 286.77% 190.58%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00
Efficiency Ratios
- - -
Asset Turnover
0.43 0.40 0.41
Accounts Receivable Turnover
0.85 0.77 0.73
Inventory Turnover
0.00 0.00 0.00
Fixed Asset Turnover
4.23 4.05 4.88
Accounts Payable Turnover
0.31 0.32 0.28
Days Sales Outstanding (DSO)
427.97 471.45 501.45
Days Inventory Outstanding (DIO)
0.00 0.00 0.00
Days Payable Outstanding (DPO)
1,168.13 1,149.65 1,326.43
Cash Conversion Cycle (CCC)
-740.17 -678.20 -824.98
Capital & Investment Metrics
- - -
Invested Capital
138 136 176
Invested Capital Turnover
2.18 1.95 1.86
Increase / (Decrease) in Invested Capital
40 -1.33 40
Enterprise Value (EV)
499 668 601
Market Capitalization
673 828 702
Book Value per Share
$5.94 $5.84 $5.80
Tangible Book Value per Share
$5.22 $5.14 $5.10
Total Capital
312 312 317
Total Debt
0.00 16 40
Total Long-Term Debt
0.00 16 40
Net Debt
-174 -160 -101
Capital Expenditures (CapEx)
49 28 39
Debt-free, Cash-free Net Working Capital (DFCFNWC)
27 7.02 16
Debt-free Net Working Capital (DFNWC)
201 182 157
Net Working Capital (NWC)
201 182 157
Net Nonoperating Expense (NNE)
2.34 -7.16 -9.74
Net Nonoperating Obligations (NNO)
-174 -160 -101
Total Depreciation and Amortization (D&A)
34 41 41
Debt-free, Cash-free Net Working Capital to Revenue
10.55% 2.63% 5.54%
Debt-free Net Working Capital to Revenue
78.58% 68.30% 53.81%
Net Working Capital to Revenue
78.58% 68.30% 53.81%
Earnings Adjustments
- - -
Adjusted Basic Earnings per Share
$0.55 $0.17 $0.25
Adjusted Weighted Average Basic Shares Outstanding
52.28M 51.76M 49.21M
Adjusted Diluted Earnings per Share
$0.50 $0.16 $0.23
Adjusted Weighted Average Diluted Shares Outstanding
56.91M 56.03M 54.29M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
52.83M 50.01M 48.53M
Normalized Net Operating Profit after Tax (NOPAT)
31 1.72 2.76
Normalized NOPAT Margin
12.11% 0.64% 0.95%
Pre Tax Income Margin
14.61% 3.93% 6.10%
Debt Service Ratios
- - -
EBIT to Interest Expense
0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00
Payout Ratios
- - -
Dividend Payout Ratio
0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% 667.36% 619.64%

Quarterly Metrics and Ratios for PubMatic

This table displays calculated financial ratios and metrics derived from PubMatic's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
11.04% -1.67% 1.57% 0.47% -1.28% 13.87% 20.38% 6.22% 12.73% 1.07%
EBITDA Growth
-36.66% -36.09% -105.74% -84.69% -23.24% 17.91% 718.24% 296.91% -20.21% -9.38%
EBIT Growth
-71.18% -53.22% -283.78% -178.07% -108.75% 31.23% 52.71% 100.58% -535.73% -18.09%
NOPAT Growth
-48.93% -46.34% -310.95% -163.55% -107.93% 31.91% 48.23% 34.00% -77.81% -32.58%
Net Income Growth
-75.41% -54.74% -222.85% -173.21% -46.66% 46.33% 58.20% 134.43% -151.41% -25.68%
EPS Growth
-75.00% -55.10% -237.50% -178.57% -50.00% 59.09% 54.55% 136.36% -166.67% -25.71%
Operating Cash Flow Growth
6.18% -32.03% -33.97% -22.57% -15.06% 48.12% 90.48% -24.63% -19.74% -37.06%
Free Cash Flow Firm Growth
49.70% -9,441.32% -210.03% -113.41% 124.57% 164.66% 79.42% 28.56% -578.80% -259.71%
Invested Capital Growth
50.42% 41.25% 43.22% 22.49% -7.34% -0.97% 4.46% 13.34% 34.94% 29.13%
Revenue Q/Q Growth
2.33% 15.19% -25.42% 14.30% 0.55% 32.86% -21.16% 0.85% 6.72% 19.11%
EBITDA Q/Q Growth
-21.85% 98.38% -102.94% 435.70% 291.75% 204.73% -84.57% 115.52% -21.25% 246.07%
EBIT Q/Q Growth
-56.18% 278.97% -171.19% 33.96% 95.09% 5,786.98% -125.66% 100.82% -5,437.21% 832.72%
NOPAT Q/Q Growth
-13.78% 85.39% -159.48% 33.15% 89.24% 3,182.76% -123.35% 14.78% 71.01% 1,268.92%
Net Income Q/Q Growth
-57.46% 284.28% -145.94% 2.50% 130.99% 954.23% -113.12% 180.32% -146.27% 1,624.01%
EPS Q/Q Growth
-57.14% 266.67% -150.00% 0.00% 127.27% 1,066.67% -114.29% 180.00% -150.00% 1,400.00%
Operating Cash Flow Q/Q Growth
37.15% -31.04% -34.12% 24.26% 50.46% 20.25% -15.28% -50.84% 60.24% -5.70%
Free Cash Flow Firm Q/Q Growth
-174.59% 22.32% -72.16% 41.89% 131.61% 104.45% -184.10% -101.74% -111.85% 31.80%
Invested Capital Q/Q Growth
25.35% 8.92% -3.36% -7.16% -5.18% 16.41% -2.52% 0.73% 12.89% 11.40%
Profitability Metrics
- - - - - - - - - -
Gross Margin
66.53% 69.10% 56.93% 60.42% 59.03% 71.39% 61.88% 62.60% 64.47% 70.84%
EBITDA Margin
20.24% 34.86% -1.38% 4.04% 15.74% 36.10% 7.06% 15.09% 11.14% 32.36%
Operating Margin
14.92% 22.24% -19.26% -11.26% -0.90% 24.13% -8.28% -5.92% -1.90% 17.31%
EBIT Margin
6.40% 21.06% -20.10% -11.61% -0.57% 24.27% -7.90% 0.06% -3.20% 19.67%
Profit (Net Income) Margin
5.16% 17.20% -10.60% -9.04% 2.79% 22.11% -3.68% 2.93% -1.27% 16.26%
Tax Burden Percent
70.41% 76.01% 63.50% 110.52% 94.11% 81.15% 90.79% 82.71% 279.75% 75.46%
Interest Burden Percent
114.44% 107.49% 83.02% 70.41% -522.16% 112.25% 51.32% 5,541.86% 14.20% 109.54%
Effective Tax Rate
29.59% 23.99% 0.00% 0.00% 5.89% 18.85% 0.00% 17.29% 0.00% 24.54%
Return on Invested Capital (ROIC)
25.70% 36.83% -30.67% -18.09% -1.78% 38.13% -11.85% -10.49% -2.81% 24.34%
ROIC Less NNEP Spread (ROIC-NNEP)
27.97% 36.70% -31.59% -17.67% -3.15% 36.85% -12.73% -13.85% -2.84% 22.24%
Return on Net Nonoperating Assets (RNNOA)
-16.50% -21.53% 19.15% 10.81% 1.83% -20.24% 6.91% 7.52% 1.42% -10.11%
Return on Equity (ROE)
9.20% 15.30% -11.53% -7.27% 0.05% 17.89% -4.95% -2.97% -1.39% 14.22%
Cash Return on Invested Capital (CROIC)
-0.21% -7.81% -17.23% -15.51% 6.57% 2.23% -0.56% -6.14% -24.39% -23.66%
Operating Return on Assets (OROA)
3.17% 9.05% -9.62% -5.18% -0.24% 9.69% -3.65% 0.03% -1.43% 7.98%
Return on Assets (ROA)
2.55% 7.40% -5.07% -4.03% 1.18% 8.83% -1.70% 1.32% -0.57% 6.60%
Return on Common Equity (ROCE)
9.20% 15.30% -11.53% -7.27% 0.05% 17.89% -4.95% -2.97% -1.39% 14.22%
Return on Equity Simple (ROE_SIMPLE)
15.09% 0.00% 5.89% 1.53% 1.03% 0.00% 4.26% 7.07% 6.58% 0.00%
Net Operating Profit after Tax (NOPAT)
6.77 13 -7.47 -4.99 -0.54 17 -3.87 -3.30 -0.96 11
NOPAT Margin
10.50% 16.90% -13.48% -7.89% -0.84% 19.58% -5.80% -4.90% -1.33% 13.06%
Net Nonoperating Expense Percent (NNEP)
-2.28% 0.13% 0.92% -0.41% 1.37% 1.28% 0.88% 3.36% 0.03% 2.09%
Return On Investment Capital (ROIC_SIMPLE)
- 4.02% - - - 5.31% - - - 3.53%
Cost of Revenue to Revenue
33.47% 30.90% 43.07% 39.58% 40.97% 28.61% 38.12% 37.40% 35.53% 29.16%
SG&A Expenses to Revenue
18.79% 14.93% 22.69% 29.78% 18.86% 15.11% 21.03% 21.32% 21.08% 16.57%
R&D to Revenue
7.88% 7.97% 11.76% 10.63% 10.42% 8.09% 11.93% 12.87% 12.28% 9.16%
Operating Expenses to Revenue
51.61% 46.86% 76.19% 71.68% 59.92% 47.26% 70.17% 68.52% 66.37% 53.53%
Earnings before Interest and Taxes (EBIT)
4.13 16 -11 -7.36 -0.36 21 -5.27 0.04 -2.30 17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
13 26 -0.76 2.56 10 31 4.71 10 8.00 28
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
2.98 2.16 2.38 3.22 2.17 2.80 4.17 3.59 2.80 2.53
Price to Tangible Book Value (P/TBV)
3.43 2.45 2.71 3.68 2.48 3.18 4.75 4.09 3.22 2.88
Price to Revenue (P/Rev)
3.38 2.63 2.84 3.69 2.44 3.10 4.33 3.59 2.54 2.41
Price to Earnings (P/E)
19.73 23.46 40.44 210.42 212.03 93.23 97.91 50.72 42.60 56.12
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
5.07% 4.26% 2.47% 0.48% 0.47% 1.07% 1.02% 1.97% 2.35% 1.78%
Enterprise Value to Invested Capital (EV/IC)
5.57 3.62 4.18 6.30 3.89 4.90 7.58 6.22 4.00 3.41
Enterprise Value to Revenue (EV/Rev)
2.74 1.95 2.16 3.02 1.78 2.50 3.79 3.09 2.18 2.06
Enterprise Value to EBITDA (EV/EBITDA)
8.44 7.24 10.14 19.10 12.10 15.78 22.05 15.72 11.84 11.89
Enterprise Value to EBIT (EV/EBIT)
13.29 14.15 30.84 608.21 0.00 398.45 139.72 58.31 48.60 64.61
Enterprise Value to NOPAT (EV/NOPAT)
16.71 16.07 26.90 147.20 0.00 388.20 203.50 103.83 85.80 217.42
Enterprise Value to Operating Cash Flow (EV/OCF)
7.32 5.72 6.90 10.24 6.35 8.24 11.38 9.82 7.52 8.18
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 56.98 218.92 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.05 0.08 0.08 0.13 0.14
Long-Term Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.05 0.06 0.06 0.11 0.14
Financial Leverage
-0.59 -0.59 -0.61 -0.61 -0.58 -0.55 -0.54 -0.54 -0.50 -0.45
Leverage Ratio
2.03 2.09 1.87 1.99 2.09 2.20 2.02 2.18 2.36 2.50
Compound Leverage Factor
2.32 2.25 1.55 1.40 -10.92 2.47 1.04 120.65 0.34 2.74
Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 5.01% 7.81% 7.52% 11.84% 12.48%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.18% 2.22% 2.14% 0.00%
Long-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 5.01% 5.62% 5.30% 9.71% 12.48%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
100.00% 100.00% 100.00% 100.00% 100.00% 94.99% 92.19% 92.48% 88.16% 87.52%
Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.37 0.51 0.41 0.66 0.78
Net Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 -3.77 -3.13 -2.57 -1.97 -2.00
Long-Term Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.37 0.37 0.29 0.54 0.78
Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 9.07 4.72 2.74 4.80 14.31
Net Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 -92.80 -28.88 -16.99 -14.25 -36.58
Long-Term Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 9.07 3.40 1.93 3.93 14.31
Altman Z-Score
2.76 2.36 2.69 3.01 2.18 2.32 3.19 2.55 1.96 1.92
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.64 1.67 1.78 1.65 1.56 1.48 1.55 1.44 1.35 1.37
Quick Ratio
1.59 1.62 1.72 1.60 1.52 1.45 1.51 1.40 1.32 1.35
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-36 -28 -48 -28 8.75 18 -9.81 -20 -42 -29
Operating Cash Flow to CapEx
161.36% 156.94% 171.93% 313.64% 357.07% 313.75% 302.47% 237.41% 117.61% 196.34%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.50 0.43 0.48 0.45 0.42 0.40 0.46 0.45 0.45 0.41
Accounts Receivable Turnover
1.02 0.85 1.09 0.99 0.90 0.77 1.00 0.93 0.87 0.73
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
4.06 4.23 4.46 3.97 3.75 4.05 4.45 4.49 4.64 4.88
Accounts Payable Turnover
0.33 0.31 0.43 0.39 0.37 0.32 0.39 0.35 0.32 0.28
Days Sales Outstanding (DSO)
358.18 427.97 334.42 369.90 404.26 471.45 364.79 394.17 419.98 501.45
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
1,097.51 1,168.13 853.35 932.21 990.30 1,149.65 926.63 1,050.79 1,153.34 1,326.43
Cash Conversion Cycle (CCC)
-739.33 -740.17 -518.93 -562.31 -586.04 -678.20 -561.85 -656.63 -733.37 -824.98
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
127 138 133 124 117 136 139 140 158 176
Invested Capital Turnover
2.45 2.18 2.28 2.29 2.11 1.95 2.04 2.14 2.11 1.86
Increase / (Decrease) in Invested Capital
42 40 40 23 -9.29 -1.33 5.94 16 41 40
Enterprise Value (EV)
705 499 557 779 456 668 1,054 871 632 601
Market Capitalization
871 673 730 949 628 828 1,204 1,014 737 702
Book Value per Share
$5.59 $5.94 $5.80 $5.67 $5.56 $5.84 $5.77 $5.66 $5.31 $5.80
Tangible Book Value per Share
$4.85 $5.22 $5.11 $4.97 $4.87 $5.14 $5.07 $4.97 $4.62 $5.10
Total Capital
293 312 306 295 289 312 313 306 299 317
Total Debt
0.00 0.00 0.00 0.00 0.00 16 24 23 35 40
Total Long-Term Debt
0.00 0.00 0.00 0.00 0.00 16 18 16 29 40
Net Debt
-166 -174 -173 -171 -171 -160 -150 -143 -105 -101
Capital Expenditures (CapEx)
17 12 7.42 5.05 6.68 9.14 8.03 5.03 16 9.19
Debt-free, Cash-free Net Working Capital (DFCFNWC)
13 27 20 3.55 -0.85 7.02 5.89 3.03 3.04 16
Debt-free Net Working Capital (DFNWC)
179 201 193 174 171 182 180 169 143 157
Net Working Capital (NWC)
179 201 193 174 171 182 173 162 137 157
Net Nonoperating Expense (NNE)
3.45 -0.22 -1.60 0.73 -2.31 -2.14 -1.41 -5.27 -0.04 -2.73
Net Nonoperating Obligations (NNO)
-166 -174 -173 -171 -171 -160 -150 -143 -105 -101
Total Depreciation and Amortization (D&A)
8.93 10 10 9.91 10 10 9.98 10 10 11
Debt-free, Cash-free Net Working Capital to Revenue
5.12% 10.55% 7.60% 1.38% -0.33% 2.63% 2.11% 1.07% 1.05% 5.54%
Debt-free Net Working Capital to Revenue
69.58% 78.58% 74.93% 67.74% 66.42% 68.30% 64.66% 59.75% 49.39% 53.81%
Net Working Capital to Revenue
69.58% 78.58% 74.93% 67.74% 66.42% 68.30% 62.21% 57.34% 47.20% 53.81%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$0.06 $0.25 ($0.11) ($0.11) $0.03 $0.36 ($0.05) $0.04 ($0.02) $0.28
Adjusted Weighted Average Basic Shares Outstanding
52.44M 52.28M 52.74M 52.03M 51.64M 51.76M 50.04M 49.78M 49.06M 49.21M
Adjusted Diluted Earnings per Share
$0.06 $0.22 ($0.11) ($0.11) $0.03 $0.35 ($0.05) $0.04 ($0.02) $0.26
Adjusted Weighted Average Diluted Shares Outstanding
56.94M 56.91M 52.74M 52.03M 55.98M 56.03M 50.04M 55.58M 49.06M 54.29M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
52.57M 52.83M 51.94M 51.87M 50.76M 50.01M 49.93M 49.58M 47.77M 48.53M
Normalized Net Operating Profit after Tax (NOPAT)
6.77 13 -7.47 -4.99 -0.54 17 -3.87 -3.30 -0.96 11
Normalized NOPAT Margin
10.50% 16.90% -13.48% -7.89% -0.84% 19.58% -5.80% -4.90% -1.33% 13.06%
Pre Tax Income Margin
7.32% 22.63% -16.69% -8.18% 2.96% 27.24% -4.05% 3.54% -0.45% 21.54%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
-1.82% 0.00% 43.74% 520.39% 1,401.32% 667.36% 577.48% 369.15% 493.08% 619.64%

Frequently Asked Questions About PubMatic's Financials

When does PubMatic's financial year end?

According to the most recent income statement we have on file, PubMatic's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has PubMatic's net income changed over the last 2 years?

PubMatic's net income appears to be on a downward trend, with a most recent value of $12.50 million in 2024, falling from $28.71 million in 2022. The previous period was $8.88 million in 2023. Check out PubMatic's forecast to explore projected trends and price targets.

What is PubMatic's operating income?
PubMatic's total operating income in 2024 was $3.93 million, based on the following breakdown:
  • Total Gross Profit: $190.23 million
  • Total Operating Expenses: $186.30 million
How has PubMatic revenue changed over the last 2 years?

Over the last 2 years, PubMatic's total revenue changed from $256.38 million in 2022 to $291.26 million in 2024, a change of 13.6%.

How much debt does PubMatic have?

PubMatic's total liabilities were at $462.26 million at the end of 2024, a 15.8% increase from 2023, and a 40.1% increase since 2022.

How much cash does PubMatic have?

In the past 2 years, PubMatic's cash and equivalents has ranged from $78.51 million in 2023 to $100.45 million in 2024, and is currently $100.45 million as of their latest financial filing in 2024.

How has PubMatic's book value per share changed over the last 2 years?

Over the last 2 years, PubMatic's book value per share changed from 5.94 in 2022 to 5.80 in 2024, a change of -2.3%.



This page (NASDAQ:PUBM) was last updated on 5/7/2025 by MarketBeat.com Staff
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