PubMatic, Inc. (PUBM) stock

PUBMNasdaqServices-Computer Programming, Data Processing, Etc.Fiscal year ends December 31

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 9, 2026Score 8/30163% above fair value

$20.61+1.59 (+8.36%)

Close on Nov 13, 2026Market cap $938.79MP/E –Yield –

PubMatic gross margin

Gross margin is gross profit as a percentage of revenue.

PubMatic's gross margin for the twelve months ending Sep 30, 2026 was 66.3%. For fiscal 2025 it was 63.6%, against 65.3% the year before. The highest annual figure on record is 74.3% in fiscal 2021.

Annual gross margin

Period	Period end	Value	Change (pts)
FY2025	Dec 31, 2025	63.6%	−1.7
FY2024	Dec 31, 2024	65.3%	+2.5
FY2023	Dec 31, 2023	62.8%	−5.4
FY2022	Dec 31, 2022	68.2%	−6.1
FY2021	Dec 31, 2021	74.3%	+2.0
FY2020	Dec 31, 2020	72.3%	+4.0
FY2019	Dec 31, 2019	68.3%	–

Quarterly gross margin

Change is against the same quarter a year earlier.

Period	Period end	Value	Change (pts)
Q3 FY2026	Sep 30, 2026	69.9%	+7.3
Q2 FY2026	Jun 30, 2026	67.1%	+4.5
Q1 FY2026	Mar 31, 2026	58.3%	−1.6
Q4 FY2025	Dec 31, 2025	68.2%	−2.7
Q3 FY2025	Sep 30, 2025	62.6%	−1.8
Q2 FY2025	Jun 30, 2025	62.6%	−0.0
Q1 FY2025	Mar 31, 2025	59.9%	−2.0
Q4 FY2024	Dec 31, 2024	70.8%	−0.5
Q3 FY2024	Sep 30, 2024	64.5%	+5.4
Q2 FY2024	Jun 30, 2024	62.6%	+2.2
Q1 FY2024	Mar 31, 2024	61.9%	+5.0
Q4 FY2023	Dec 31, 2023	71.4%	+2.3
Q3 FY2023	Sep 30, 2023	59.0%	−7.5
Q2 FY2023	Jun 30, 2023	60.4%	−9.5
Q1 FY2023	Mar 31, 2023	56.9%	−10.1
Q4 FY2022	Dec 31, 2022	69.1%	−8.5
Q3 FY2022	Sep 30, 2022	66.5%	−5.9
Q2 FY2022	Jun 30, 2022	69.9%	−3.7
Q1 FY2022	Mar 31, 2022	67.0%	−4.8
Q4 FY2021	Dec 31, 2021	77.6%	−2.0
Q3 FY2021	Sep 30, 2021	72.4%	+0.2
Q2 FY2021	Jun 30, 2021	73.6%	+8.5
Q1 FY2021	Mar 31, 2021	71.8%	+7.3
Q4 FY2020	Dec 31, 2020	79.6%	–
Q3 FY2020	Sep 30, 2020	72.2%	–
Q2 FY2020	Jun 30, 2020	65.1%	–
Q1 FY2020	Mar 31, 2020	64.5%	–