Welcome to our dedicated page for Pubmatic SEC filings (Ticker: PUBM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The PubMatic, Inc. (NASDAQ: PUBM) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures, including current reports on Form 8-K and other key documents filed with the U.S. Securities and Exchange Commission. These filings offer detailed information on PubMatic’s financial performance, risk factors, and material events affecting its operations as an independent digital advertising technology company.
PubMatic uses Form 8-K to report items such as quarterly financial results and significant corporate developments. For example, the company has furnished press releases announcing results for recent quarters as exhibits to 8-K filings under Item 2.02, Results of Operations and Financial Condition. PubMatic has also filed an 8-K describing its civil action against Google LLC, along with an update to its risk factors outlining potential business impacts from that litigation.
Investors reviewing PubMatic’s filings can examine how the company discusses non-GAAP financial measures, risk factors related to its relationships with major ecosystem participants, and the ways it communicates material information to the market. Over time, annual reports on Form 10-K, quarterly reports on Form 10-Q, and additional 8-K filings can provide insight into revenue trends, operating metrics, and strategic priorities in areas such as AI-powered infrastructure, connected TV, and programmatic advertising.
On Stock Titan, these documents are complemented by AI-powered summaries that help explain the contents of lengthy filings, highlight notable sections, and make it easier to identify items such as quarterly results, risk factor changes, and disclosures about significant partnerships or legal matters. Users can follow new PUBM filings as they are posted from EDGAR and use the summaries as a starting point before reviewing the full text.
PubMatic, Inc. is an independent, AI-powered advertising technology company that runs a global sell-side platform connecting digital publishers with advertisers across display, mobile, video and connected TV. Its mission is to support ad-funded internet content by maximizing publisher monetization and advertiser performance on an omnichannel basis.
The company emphasizes its proprietary cloud infrastructure, early adoption of AI and machine learning, and direct relationships with both publishers and demand-side platforms as key competitive strengths. Growth initiatives focus on CTV, retail and commerce media, SPO agreements, new products such as Connect, Activate, OpenWrap and Convert, and AI-driven offerings like Intelligent Yield and AI Insights.
Major risks include dependence on overall advertising demand, heavy reliance on large DSPs such as Google DV360 and The Trade Desk, evolving privacy and data protection laws, restrictions on cookies and identifiers, rapid AI-driven industry change, infrastructure scaling challenges, and active litigation involving Google that could affect key commercial relationships.
PubMatic reported softer 2025 results but strong cash generation and heavy AI investment. Full-year revenue was $282.9 million, down from $291.3 million in 2024, with gross margin at 64%. The company posted a GAAP net loss of $14.5 million, or $(0.31) per diluted share, versus $12.5 million of net income a year earlier. Adjusted EBITDA was $61.6 million with a 22% margin, down from $92.3 million and a 32% margin.
Despite lower profits, operations remained cash generative: net cash from operating activities reached $81.1 million and free cash flow was $46.2 million, up 32% over 2024. PubMatic ended 2025 with $145.5 million in cash, cash equivalents, and marketable securities and no debt, and repurchased 4.1 million shares in 2025, about 8.1% of fully diluted shares as of December 31, 2025. Fourth-quarter revenue was $80.0 million, down from $85.5 million, with GAAP net income of $6.7 million and adjusted EBITDA of $27.8 million, a 35% margin. For the first quarter of 2026, the company expects revenue of $58–$60 million and adjusted EBITDA between $(0.5) million and $1.0 million.
PubMatic, Inc. reported that Chief Financial Officer Steven Pantelick acquired 316,097 restricted stock units (RSUs) on February 17, 2026 as an equity award. Each RSU represents the right to receive one share of Class A common stock for no consideration when it vests.
The RSUs vest in equal installments of 1/16 of the total shares quarterly, beginning on April 1, 2026, as long as Pantelick continues providing services on each vesting date. The RSUs have no expiration date; they will either vest on schedule or be canceled before vesting.
Goel Amar K. reported acquisition or exercise transactions in this Form 4 filing.
PubMatic, Inc. director and officer Amar K. Goel reported receiving a grant of 138,462 restricted stock units (RSUs). Each RSU represents one share of Class A Common Stock upon vesting for no cash payment.
The RSUs vest in equal installments of 1/16 of the total shares each quarter, beginning on April 1, 2026, as long as Goel continues providing services on each vesting date. The award will either fully vest over time or be canceled before vesting; RSUs do not have an expiration date.
PubMatic, Inc. CEO Rajeev K. Goel reported several equity transactions involving company stock. He exercised stock options for 44,000 shares of Class B common stock at a $1.11 exercise price and related derivative conversions increased his directly held Class B shares to 254,984 and then 210,984 shares in separate line items.
He also received a grant of 694,017 restricted stock units (RSUs), each representing one share of Class A common stock, scheduled to vest in 16 equal quarterly installments beginning on April 1, 2026, subject to continued service. Separately, 44,000 shares of Class A common stock were sold at a weighted average price of $6.2782 per share, within a range of $6.155 to $6.51.
According to the footnotes, these 44,000 shares were transferred to and sold by The Goel Family Trust under a Rule 10b5-1 trading plan adopted on March 2, 2025. Following these sales, Mr. Goel holds a combined 2,362,194 shares of Class A and Class B common stock, excluding options and unvested equity awards, as of the filing date.
PubMatic, Inc. reported that Chief Growth Officer Paulina Klimenko acquired 241,595 restricted stock units (RSUs) as an equity award. Each RSU represents the right to receive one share of Class A common stock for no cash payment when it vests.
The RSUs vest as to 1/16 of the total shares quarterly, beginning on April 1, 2026, as long as she continues providing service to the company on each vesting date. The RSUs do not have a traditional expiration date; they will either vest over time or be canceled before vesting.
Kumar Mukul reported acquisition or exercise transactions in this Form 4 filing.
PubMatic, Inc. reported that President of Engineering Mukul Kumar received a grant of 133,761 Restricted Stock Units (RSUs). Each RSU represents a right to receive one share of PubMatic’s Class A common stock upon vesting for no cash payment.
The RSUs vest in equal installments of 1/16 of the total shares on a quarterly basis, beginning on April 1, 2026, as long as Kumar continues providing service to the company on each vesting date. The RSUs do not have an expiration date; they will either vest under these terms or be canceled before vesting.
PubMatic, Inc. reported that its General Counsel & Secretary, Andrew Woods, received equity awards consisting of 69,231 restricted stock units and a stock option for 207,692 shares of Class A common stock. These awards were granted for no cash consideration as part of his compensation.
The RSUs represent the right to receive one share of Class A common stock per unit upon vesting. They vest in 16 equal quarterly installments beginning on April 1, 2026, as long as Woods continues providing service on each vesting date. The RSUs do not expire; they either vest or are canceled.
The stock option covers 207,692 shares and also was granted at no stated exercise price in this report excerpt. It vests over four years, with 1/48 of the total shares vesting on February 1, 2026 and 1/48 vesting monthly thereafter, subject to continued service. Following these grants, Woods’ reported direct holdings reflect the awarded RSUs and options.
PubMatic, Inc. chief accounting officer Lisa Gimbel reported multiple equity transactions involving Class A common stock and restricted stock units (RSUs). On February 17, 2026, she received a grant of 12,714 RSUs, each representing one future share for no cash payment. That same day she sold 1,277 shares of Class A common stock at a weighted average price of $6.286 per share, in a block trade at prices ranging from $6.16 to $6.54, to cover tax withholding obligations tied to RSU vesting. On February 15, 2026, several RSU tranches totaling 1,395, 773, and 801 units were exercised into an equal number of Class A shares at no exercise price. Following these transactions, she directly owned 12,775 shares of PubMatic Class A common stock.
Goel Family Trust filed a Rule 144 notice to sell 44,000 shares of common stock through Goldman Sachs & Co. LLC, with an aggregate market value of $276,760. The proposed sale is scheduled around 02/17/2026 on the NASD market.
The 44,000 shares were acquired from the issuer on 02/17/2026 via an option exercise. The notice states there were 38,151,563 shares outstanding. Over the prior three months, the trust reported six separate sales of 44,000 common shares each, with disclosed gross proceeds for every transaction.