Every 10-Q that PubMatic, Inc. (PUBM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow PUBM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PUBM filings page.
PubMatic, Inc. reported first-quarter 2026 revenue of $62.6 million, down slightly from $63.8 million a year earlier, and a net loss of $12.5 million compared with $9.5 million. Adjusted EBITDA fell to $2.6 million from $8.5 million, while operating cash flow improved to $17.3 million.
The company ended the quarter with $144.9 million in cash and equivalents and no borrowings under its $110 million revolving credit facility. PubMatic repurchased 1.05 million Class A shares for $8.8 million under its buyback program, with $85.1 million remaining authorized.
PubMatic, Inc. reported Q3 results with revenue of $67.960 million and a net loss of $6.452 million. Gross margin was 63%. Management attributes the year-over-year revenue decline primarily to elevated U.S. political spend in 2024 and short-term effects from platform changes by a large DSP buyer.
Year-to-date, net cash provided by operating activities was $62.900 million, reflecting strong collections and working capital management. Cash and cash equivalents were $136.548 million as of September 30, 2025. The company repurchased 4,036,242 Class A shares for $46.0 million in the first nine months, with $94.4 million remaining under its extended repurchase authorization. As of November 3, 2025, PubMatic had 38,151,563 Class A and 8,263,239 Class B shares outstanding.
Cost efficiency improved: cost of revenue per million impressions fell about 20% versus last year. Accounts receivable were $362.591 million and payables to publishers were $329.723 million, consistent with PubMatic’s net revenue model. The company remains undrawn on its $110 million revolving credit facility.
PubMatic reported continued revenue growth with mixed profitability in the quarter ended June 30, 2025. Revenue rose to $71.1 million, a 6% increase from a year earlier, producing gross profit of $44.5 million and a stable gross margin of 63% for the quarter.
Despite higher revenue, operating loss widened to $5.5 million and the company recorded a net loss of $5.2 million compared with net income of $2.0 million in the prior-year quarter. Adjusted EBITDA was positive at $14.2 million but down versus $21.1 million a year ago. Operating cash flow remained strong, with $30.5 million generated in the first six months and combined cash and marketable securities of $117.6 million. The company repurchased 3.85 million shares for $43.6 million year-to-date and has $96.8 million remaining under its repurchase authorization. Accounts receivable concentration remains notable, with two buyers representing 38% and 12% of receivables as of June 30, 2025.