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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	63.2%-1.7pp	63.6%-1.7pp	64.4%-1.0pp	64.9%+0.6pp	64.9%+1.1pp
Free cash flow margin	24.8%+8.7pp	23.6%+4.4pp	24%+1.4pp	16.7%-11.3pp	16.1%-13.6pp
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×-0.1×	1.4×0.0×	1.3×0.0×	1.3×-0.1×	1.4×-0.1×
Quick ratio	1.4×-0.1×	1.4×0.0×	1.3×0.0×	1.3×-0.1×	1.4×-0.1×
Cash ratio	0.4×+0.1×	0.4×+0.1×	0.4×+0.2×	0.2×0.0×	0.3×0.0×
Leverage
Debt-to-equity	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×+0.1×	0.2×+0.1×
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	$5.33-6.6%	$5.59+9.4%	$5.34-0.6%	$5.16+1.4%	$5.70-1.2%
Valuation
Market capitalization	$534.56M-0.1%	$411.7M-41.3%	$378.59M-48.9%	$557.17M-45.2%	$443.54M-62.6%
Enterprise value	$432.37M-9.6%	$310.39M-52.0%	$287.01M-58.8%	$512.35M-47.0%	$387.07M-65.8%
Price / sales	1.9×0.0×	1.5×-1.0×	1.3×-1.2×	1.9×-1.7×	1.5×-2.7×
Price / book	2.1×+0.2×	1.6×-1.0×	1.5×-1.3×	2.3×-1.3×	1.6×-2.5×
EV / sales	1.5×-0.1×	1.1×-1.1×	1×-1.4×	1.8×-1.7×	1.3×-2.7×
Free cash flow yield	13.1%+4.4pp	16.2%+8.2pp	18.3%+9.4pp	8.8%+1.0pp	10.5%+3.5pp

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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.