← PubMatic, Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Net income (loss) $6.6m $26.6m $56.6m $28.7m $8.9m $12.5m ($14.5m)
Net Income From Continuing Operations — — — $28.7m $8.9m $12.5m ($14.5m)
Depreciation and amortization $12.7m $15.7m $23.1m $34.2m $44.8m $45.4m $43.8m
Amortization Of Securities — — — ($577k) ($4.1m) ($4.1m) ($822k)
Depreciation Amortization Depletion — — — $34.2m $44.8m $45.4m $43.8m
Deferred income taxes $193k $2.9m $4.8m ($7.2m) ($13.4m) ($11.0m) ($14.5m)
Deferred Income Tax — — — ($7.2m) ($13.4m) ($11.0m) ($14.5m)
Deferred Tax — — — ($7.2m) ($13.4m) ($11.0m) ($14.5m)
Operating lease liabilities $0 $0 ($2.3m) ($5.5m) ($5.8m) ($6.5m) ($2.6m)
Earnings (Loss)es From Equity Investments — — ($5.4m) $5.9m $0 $0 —
Stock-based compensation $2.0m $3.6m $14.1m $20.6m $28.9m $37.7m $38.4m
Provision for doubtful accounts $3.6m $319k $0 $0 $5.7m $0 $0
Accretion of discount on marketable securities ($341k) ($145k) ($45k) ($577k) ($4.1m) ($4.1m) ($822k)
Non-cash lease expense $0 $0 $2.0m $5.8m $6.1m $6.8m $7.4m
Other $19k $189k $45k $90k $45k ($25k) ($1.0m)
Accounts receivable ($11.9m) ($102.2m) ($67.4m) ($24.4m) ($75.7m) ($49.3m) $66.6m
Prepaid expenses and other current assets $618k ($2.8m) ($7.7m) ($1.6m) $3.9m ($5.8m) ($16.2m)
Accounts payable $18.5m $77.4m $68.3m $29.8m $79.7m $38.1m ($42.4m)
Accrued liabilities $2.0m $3.5m $3.5m ($1.0m) $3.0m $9.6m $16.2m
Other liabilities, non-current $384k ($718k) ($927k) $2.3m ($893k) $197k $861k
Purchases of and deposits on property and equipment ($9.6m) ($24.2m) ($30.4m) ($35.9m) ($10.6m) ($17.6m) ($14.3m)
Capitalized software development costs ($5.4m) ($7.2m) ($8.9m) ($13.0m) ($17.7m) ($20.9m) ($20.5m)
Purchases of marketable securities ($37.5m) ($36.7m) ($90.6m) ($137.8m) ($140.6m) ($142.0m) ($26.0m)
Proceeds from sales of marketable securities $696k $2.3m $0 $0 $18.9m $0 $27.1m
Proceeds from maturities of marketable securities $30.3m $36.0m $33.2m $133.4m $111.0m $202.9m $39.9m
Payment of business combination indemnification claims holdback — — — $0 $0 ($2.1m) $0
Proceeds from exercise of stock options $4k $2.4m $5.4m $1.2m $1.5m $1.8m $1.8m
Principal payments on finance lease obligations $0 $0 ($10k) ($119k) ($126k) ($131k) ($140k)
Payments to acquire treasury stock ($5k) ($3k) ($52k) $0 ($59.3m) ($75.3m) ($46.5m)
Effect of foreign currency on cash — — — $0 $0 ($318k) $666k
Stock-based compensation capitalized as internal use software costs $20k $40k $903k $1.5m $2.5m $3.1m $3.5m
Property and equipment included in accounts payable and accrued expenses $770k $111k $49k $749k $203k $618k $1k
Capitalized software costs included in accounts payable and accrued expenses $1.2m $1.3m $1.8m $1.8m $3.0m $2.4m $2.4m
Business combination purchase consideration - indemnification claims holdback — $0 $0 $2.1m $2.1m $0 —
Beginning Cash Position — — — $82.5m $92.4m $78.5m $100.5m
Cash Flow From Continuing Financing Activities — — — $4.0m ($56.0m) ($73.5m) ($42.7m)
Cash Flow From Continuing Investing Activities — — — ($81.4m) ($39.0m) $22.3m $6.1m
Change In Account Payable — — — $29.8m $79.7m $38.1m ($42.4m)
Change In Accrued Expense — — — ($1.0m) $3.0m $9.6m $16.2m
Change In Other Current Liabilities — — — ($3.2m) ($6.7m) ($6.3m) ($1.8m)
Change In Payable — — — $29.8m $79.7m $38.1m ($42.4m)
Change In Payables And Accrued Expense — — — $28.7m $82.7m $47.7m ($26.2m)
Change In Prepaid Assets — — — ($1.6m) $3.9m ($5.8m) ($16.2m)
Change In Receivables — — — ($24.4m) ($75.7m) ($49.3m) $66.6m
Change In Working Capital — — — ($514k) $4.2m ($13.8m) $22.4m
Changes In Account Receivables — — — ($24.4m) ($75.7m) ($49.3m) $66.6m
Changes In Cash — — — $9.9m ($13.9m) $22.3m $44.4m
End Cash Position — — — $92.4m $78.5m $100.5m $145.5m
Financing Cash Flow — — — $4.0m ($56.0m) ($73.5m) ($42.7m)
Free Cash Flow — — — $38.3m $52.8m $34.9m $46.2m
Investing Cash Flow — — — ($81.4m) ($39.0m) $22.3m $6.1m
Net Business Purchase And Sale — — $0 ($28.1m) $0 $0 —
Net PPE Purchase And Sale — — — ($35.9m) ($10.6m) ($17.6m) ($14.3m)
Operating Gains Losses — — ($5.4m) $5.9m — — —
Other Non Cash Items — — — $5.9m $6.2m $6.8m $6.3m
Proceeds From Stock Option Exercised — — — $4.2m $3.4m $4.1m $3.9m
Provisionand Write Offof Assets — — — $0 $5.7m $0 $0
Purchase Of Business — — $0 ($28.1m) $0 $0 —
Purchase Of PPE — — $30.4m ($35.9m) ($10.6m) ($17.6m) ($14.3m)
Repurchase Of Capital Stock — — — $0 ($59.3m) ($75.3m) ($46.5m)
Unrealized Gain Loss On Investment Securities — — ($5.4m) $5.9m — — —
Net cash provided by operating activities $35.1m $24.3m $88.7m $87.2m $81.1m $73.4m $81.1m
Capital Expenditure Reported — — — ($13.0m) ($17.7m) ($20.9m) ($20.5m)
Net Investment Purchase And Sale — — — ($4.4m) ($10.7m) $60.8m $40.9m
Purchase Of Investment — — — ($137.8m) ($140.6m) ($142.0m) ($26.0m)
Sale Of Investment — — — $133.4m $129.9m $202.9m $67.0m
Net cash provided by (used in) investing activities ($22.1m) ($29.9m) ($96.7m) ($81.4m) ($39.0m) $22.3m $6.1m
Net Issuance Payments Of Debt — — — ($119k) ($126k) ($131k) ($140k)
Net Long Term Debt Issuance — — — ($119k) ($126k) ($131k) ($140k)
Long Term Debt Payments — — — ($119k) ($126k) ($131k) ($140k)
Repayment Of Debt — — — ($119k) ($126k) ($131k) ($140k)
Proceeds from issuance of common stock for employee stock purchase plan $0 $0 $4.8m $3.0m $1.9m $2.4m $2.1m
Net Common Stock Issuance — — — $0 ($59.3m) ($75.3m) ($46.5m)
Common Stock Payments — — — $0 ($59.3m) ($75.3m) ($46.5m)
Net cash used in financing activities ($1k) $52.5m $9.4m $4.0m ($56.0m) ($73.5m) ($42.7m)
Effect Of Exchange Rate Changes — — — $0 $0 ($318k) $666k
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS $13.0m $46.9m $1.3m $9.9m ($13.9m) $22.3m $44.4m
CASH AND CASH EQUIVALENTS - Beginning of Year $34.2m $81.2m $82.5m $92.4m $78.5m $100.5m $145.5m
Change In Cash Supplemental As Reported — — — $9.9m ($13.9m) $22.3m $44.4m
Income Tax Paid Supplemental Data — — $6.8m $9.2m $15.6m $14.2m —

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.