PubMatic, Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Revenue $113.9m $148.7m $226.9m $256.4m $267.0m $291.3m $282.9m
Cost of revenue $36.1m $41.2m $58.3m $81.5m $99.2m $101.0m $103.1m
Gross profit $77.8m $107.6m $168.6m $174.9m $167.8m $190.2m $179.8m
Total operating expenses $69.3m $75.8m $109.8m $134.3m $165.7m $186.3m $197.1m
Operating income (loss) $8.5m $31.8m $58.8m $40.5m $2.0m $3.9m ($17.3m)
Technology and development $12.5m $12.2m $15.9m $20.8m $26.7m $33.3m $33.8m
Sales and marketing $36.5m $43.3m $58.2m $68.6m $82.8m $95.4m $102.9m
General and administrative $20.3m $20.3m $35.8m $44.9m $56.2m $57.7m $60.3m
Interest income $1.3m $537k $300k $2.2m $8.8m $8.5m $5.5m
Provision for (benefit from) income taxes $2.6m $5.0m $8.2m $8.8m $1.6m $5.3m ($1.5m)
Total other income, net $713k ($175k) $6.0m ($3.1m) $8.5m $13.8m $1.3m
Income before provision for (benefit from) income taxes $9.2m $31.6m $64.8m $37.5m $10.5m $17.8m ($16.0m)
Net income (loss) $6.6m $26.6m $56.6m $28.7m $8.9m $12.5m ($14.5m)
Basic (in usd per share) $0.66 $2.11 $1.13 $0.55 $0.17 $0.25 ($0.31)
Diluted (in usd per share) $0.55 $1.55 $1.00 $0.50 $0.16 $0.23 ($0.31)
Other income (expense), net ($577k) ($712k) $281k $681k ($359k) $5.4m ($4.2m)