Reading the tape
NASDAQ: PUBM
PubMatic, Inc.
Technology · Software - Application
Market Cap
$484.67M
52w High
$13.88
52w Low
$6.15
P/E
-32.95
Volume
328.71K
Outstanding Shares
47.40M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 3.85%Revenue (TTM): -2.86%FCF (TTM): -6.7%P/FCF: 0th pct
What changed
The stock rose 3.85% over the last year. Revenue declined 2.86% over the trailing twelve months. Operating margin moved from 1.35% to -6.1%. Free cash flow declined 6.7% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly weakening underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at -6.1%. A decisive move in revenue — currently down 2.86% — would be the clearest signal to resolve the ambiguity.
Company profile
PubMatic, Inc. provides a cloud infrastructure platform that enables real-time programmatic advertising transactions for Internet content creators and advertisers worldwide.
CEORajeev K. Goel
SectorTechnology
IndustrySoftware - Application
Employees1,049
IPO dateDec 9, 2020
Valuation
Forward P/E—
EV/EBITDA11.34
Enterprise value$315.31M
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth-6.38%
Gross margin63.56%▼2.68%vs FY2024
Operating margin-6.1%▼552.44%vs FY2024
ROE-5.51%▼222.12%vs FY2024
Analyst consensus
RatingBuy
Target price$14.00▲36.92%
8
Buy
8
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 7, 2026
Q2 FY26 · EPS est -$0.32 · Revenue est $60M
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