What are PubMatic's profit margins?

PubMatic (PUBM) runs a 63.2% gross margin and a -3.8% operating margin, with a -2.5% net margin.

Where do PubMatic's ratios come from?

Every ratio is computed from PubMatic's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

PubMatic PUBM Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	63.2%-0.3pp	63.6%-0.9pp	64.4%-0.4pp	64.9%0.0pp	64.9%-0.4pp
Free cash flow margin	24.8%+1.2pp	23.6%-0.4pp	24%+7.3pp	16.7%+0.6pp	16.1%-3.0pp
Efficiency
Asset turnover	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Liquidity
Current ratio	1.4×0.0×	1.4×+0.1×	1.3×0.0×	1.3×-0.1×	1.4×+0.1×
Quick ratio	1.4×0.0×	1.4×+0.1×	1.3×0.0×	1.3×-0.1×	1.4×+0.1×
Cash ratio	0.4×0.0×	0.4×0.0×	0.4×+0.1×	0.2×-0.1×	0.3×+0.1×
Leverage
Debt-to-equity	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×
Debt-to-assets	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×
Per Share
Book value per share	$5.33-4.6%	$5.59+4.7%	$5.34+3.5%	$5.16-9.6%	$5.70+11.6%
Valuation
Market capitalization	$534.56M-0.1%	$411.7M+8.7%	$378.59M-32.1%	$557.17M+25.6%	$443.54M-36.8%
Enterprise value	$432.37M-9.6%	$310.39M+8.1%	$287.01M-44.0%	$512.35M+32.4%	$387.07M-40.2%
Price / sales	1.9×0.0×	1.5×+0.1×	1.3×-0.6×	1.9×+0.4×	1.5×-0.9×
Price / book	2.1×+0.2×	1.6×0.0×	1.5×-0.7×	2.3×+0.7×	1.6×-0.9×
EV / sales	1.5×-0.1×	1.1×+0.1×	1×-0.8×	1.8×+0.4×	1.3×-0.9×
Free cash flow yield	13.1%+4.4pp	16.2%-2.1pp	18.3%+9.5pp	8.8%-1.7pp	10.5%+2.5pp

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Questions, answered.

What are PubMatic's profit margins?: PubMatic (PUBM) runs a 63.2% gross margin and a -3.8% operating margin, with a -2.5% net margin.
Where do PubMatic's ratios come from?: Every ratio is computed from PubMatic's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.