PubMatic stock

PUBMNASDAQ

PubMatic, Inc., TechnologyISIN US74467Q1031

$19.02▲ $0.71 (+3.9%)Closing price of 12 Nov 2026

54Score 54 out of 100, Neutral

Turn on early warning

Price and trend

89 / 100

Price history

+99% in one year

The chart shows daily closes over 6 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.

TrendAbove the 200-day line, momentum normal

Long-term trend

Above the 200-day line: the price is 52% above it.

Trend change

Since May 2026 the 50-day line has been above the 200-day line; the trend has turned up.

Momentum

Normal: the price is neither overheated nor sold off (RSI 59).

Distance to the high

The price is at its 52-week high. Largest decline in 6 years: 91% (March 2021 to February 2026).

Chart figures for advanced users

SMA 50$17.51: Average price of the last 50 trading days, shows the short-term trend.
SMA 200$12.54: Average price of the last 200 trading days, shows the long-term trend.
RSI (14)59: Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
MACDabove the signal line: Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
Support$6.28: The lowest closing price of the last twelve months.
Resistance$19.18: The highest closing price of the last twelve months.

What would $1,000 in PubMatic have become?Return triangle for PubMatic

Market cap

$833.54M

Div. yield

no dividend

Loss

includes one-off items, adjusted 211.3

154.5

on earnings for the next twelve months ($0.12 per share)

Fair value

$4.89

Snapshot

Computed from the data by fixed rules, no AI

PubMatic, Inc. belongs to the Software (Application) industry (United States) and, with a market value of $865.86M, is number 149 of 189 companies in its industry on MEQIRI.
In fiscal 2025 it reported revenue of $282.93M (down 2.9% year on year) and a loss of $14.46M.
For fiscal 2026, analysts expect on average revenue of $308.6M (up 9.1%) and adjusted earnings per share of −$0.10.

MEQIRI Score 54 out of 100 (Neutral): rank 559 of 857 in Technology, median 61.
Our model puts fair value at $4.89, with the price 275% above it.

In plain words

The numbers on this page in plain words, written by an AI

Strengths

More cash than debtCash $144.46M, financial debt $39.4M.Stability 59

Weaknesses

Margin fallingOperating margin −6.1%, average of the prior years 15.8% (to 2024).Profitability 27
Above fair valuePrice 275% above the fair value of $4.89.Valuation 23
Loss-makingLoss of $1.48M over the last 12 months.Fundamentals 59

54/ 100

Score

Neutral

Its standout strengths are technical analysis and momentum, while profitability and valuation hold the score back.

Daily figure as of 12 Nov 2026

How the score is calculated

Score overview

Score since yesterday from 52 to 54.

The fundamentals are in the middle range.

Profit consistency88% of years

Cash conversion (free cash flow to earnings, 12 months)not measured

ROIC (12 months)1.0%

Positive free cash flow88% of years

How this category is measured

Score history

The full history of up to 20 years comes with MEQIRI Pro.

See plans

Crash risk medium

How well MEQIRI warns

In the middle among smaller stocks.

From 2016 to 2025, 20 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.

What drives the risk

price up very strongly over the past year
high price swings

What lowers it

price near its 52-week high

Valuation

Valuation signal

Significantly overvalued

Price

$18.31

Fair value

$4.89

Gap to fair value

+275%

Closing price of 11 Nov 2026, used by the daily score.

In our model the price counts as cheap below $3.26 and expensive above $9.77 (uncertainty very high, based on the price swings of the past year).

Calculated with a cost of equity of 9.7%. At 10.7% the fair value would be $4.34, at 8.7% it would be $5.64.

Valuation metrics

no data

23.5

Fair value (model)

$4.89

From the cash-flow model alone; without earnings there is no industry value.

Calculate with your own assumptions

Company performance

This shows several years of history with an automatic assessment.

Revenue

8 years

In the twelve months to 30 Sep 2026, revenue rose 4.3% on the twelve months before. Revenue has grown strongly since 2018, at around 16% per year.

Margins

8 years

Gross margin
Operating margin
Net margin

In fiscal 2025: gross 64%, operating −6%, net −5%.

Debt & balance sheet

latest quarter

0.16

no data

1.29

Cash & equivalents

$144.46M

Debt is low; no interest coverage is reported.

Earnings

Next earnings: 25 Feb 2027in 105 days
Last reported: 9 Nov 2026EPS reported $0.12 (expected −$0.02)above expectations

Analyst estimates

Earnings estimates have barely changed since 15 Oct 2026.

Fiscal 20269 analysts

Earnings per share: −$0.100.0%
Revenue: $308.6M0.0%

Fiscal 20279 analysts

Earnings per share: $0.150.0%
Revenue: $334.62M0.0%

MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.

Company outlookRaised on 6 Aug 2026

Company outlook raised

Share price after the results: +31.6%

Return to double-digit revenue growth well ahead of schedule, with growth expected to accelerate through the second half; third-quarter adjusted EBITDA guided at $17 million to $19 million.

Supporting passage from the call, verbatim

“Q3 adjusted EBITDA is expected to be in the range of $17 million to $19 million. We expect cost of revenue and OpEx to increase by A low-single-digit percentage sequentially in Q3, with continued go-to-market investment through the balance of the year.”

The outlook is not part of the score and not a recommendation to buy or sell.

From the earnings call on 6 Aug 2026 (fiscal Q2 2026), read by AI.

InsidersNo buys in the last 6 months, 7 insiders sold

Insiders

Open-market purchases and sales by executives, board members and major holders

All insider purchases

No open-market purchases in the last 6 months. 7 insiders sold, $16.03M in total.

Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.

Gimbel LisaSale
2 Nov 2026, CHIEF ACCOUNTING OFFICER
Shares
500
Price
$16.13
Value
$8,065
Goel Rajeev K.Sale
22 Oct 2026, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER
Shares
50,021
Price
$17.26
Value
$863,237
Kumar MukulSale
16 Oct 2026, PRESIDENT, ENGINEERING
Shares
8,000
Price
$17.12
Value
$136,985

Show 41 more

Woods AndrewSale
5 Oct 2026, GENERAL COUNSEL & SECRETARY
Shares
10,079
Price
$18.65
Value
$187,997
Goel Amar K.Sale
5 Oct 2026, 10 percent owner, officer: CHAIRMAN, CHIEF INNOVATION Officer
Shares
10,795
Price
$18.66
Value
$201,488
Pantelick StevenSale
5 Oct 2026, CHIEF FINANCIAL OFFICER
Shares
22,173
Price
$18.66
Value
$413,815
Goel Rajeev K.Sale
2 Oct 2026, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER
Shares
50,233
Price
$18.97
Value
$953,100
Woods AndrewSale
2 Oct 2026, GENERAL COUNSEL & SECRETARY
Shares
5,744
Price
$18.97
Value
$108,984
Pantelick StevenSale
2 Oct 2026, CHIEF FINANCIAL OFFICER
Shares
23,491
Price
$18.97
Value
$445,708
Kumar MukulSale
2 Oct 2026, PRESIDENT, ENGINEERING
Shares
7,878
Price
$18.97
Value
$149,474
Goel Amar K.Sale
2 Oct 2026, 10 percent owner, officer: CHAIRMAN, CHIEF INNOVATION Officer
Shares
7,302
Price
$18.97
Value
$138,545
Gimbel LisaSale
1 Oct 2026, CHIEF ACCOUNTING OFFICER
Shares
500
Price
$18.99
Value
$9,495
Goel Rajeev K.Sale
24 Sept 2026, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER
Shares
50,453
Price
$18.45
Value
$930,633
Kumar MukulSale
16 Sept 2026, PRESIDENT, ENGINEERING
Shares
8,000
Price
$16.78
Value
$134,228
Goel Amar K.Sale
3 Sept 2026, 10 percent owner, officer: CHAIRMAN, CHIEF INNOVATION Officer
Shares
6,250
Price
$17.04
Value
$106,527
Gimbel LisaSale
1 Sept 2026, CHIEF ACCOUNTING OFFICER
Shares
500
Price
$16.43
Value
$8,215
Goel Rajeev K.Sale
20 Aug 2026, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER
Shares
49,980
Price
$16.49
Value
$824,260
Kumar MukulSale
17 Aug 2026, PRESIDENT, ENGINEERING
Shares
8,000
Price
$17.05
Value
$136,402
Pantelick StevenSale
13 Aug 2026, CHIEF FINANCIAL OFFICER
Shares
19,716
Price
$17.31
Value
$341,205
Pantelick StevenSale
12 Aug 2026, CHIEF FINANCIAL OFFICER
Shares
22,203
Price
$17.25
Value
$383,064
Gimbel LisaSale
12 Aug 2026, CHIEF ACCOUNTING OFFICER
Shares
500
Price
$17.50
Value
$8,750
Woods AndrewSale
10 Aug 2026, GENERAL COUNSEL & SECRETARY
Shares
38,331
Price
$17.96
Value
$688,402
Goel Rajeev K.Sale
7 Aug 2026, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER
Shares
211,302
Price
$17.74
Value
$3.75M
Goel Rajeev K.Sale
23 Jul 2026, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER
Shares
49,979
Price
$12.35
Value
$617,006
Goel Rajeev K.Sale
16 Jul 2026, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER
Shares
8,962
Price
$13.94
Value
$124,955
Kumar MukulSale
16 Jul 2026, PRESIDENT, ENGINEERING
Shares
8,000
Price
$13.67
Value
$109,345
Woods AndrewSale
16 Jul 2026, GENERAL COUNSEL & SECRETARY
Shares
3,239
Price
$14.01
Value
$45,375
Goel Rajeev K.Sale
15 Jul 2026, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER
Shares
4,060
Price
$13.90
Value
$56,448
Pantelick StevenSale
6 Jul 2026, CHIEF FINANCIAL OFFICER
Shares
12,548
Price
$13.42
Value
$168,336
Klimenko PaulinaSale
6 Jul 2026, CHIEF GROWTH OFFICER
Shares
9,009
Price
$13.42
Value
$120,887
Pantelick StevenSale
2 Jul 2026, CHIEF FINANCIAL OFFICER
Shares
23,548
Price
$13.65
Value
$321,395
Goel Rajeev K.Sale
2 Jul 2026, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER
Shares
58,854
Price
$13.68
Value
$805,407
Goel Amar K.Sale
2 Jul 2026, 10 percent owner, officer: CHAIRMAN, CHIEF INNOVATION Officer
Shares
6,584
Price
$13.65
Value
$89,862
Woods AndrewSale
2 Jul 2026, GENERAL COUNSEL & SECRETARY
Shares
5,758
Price
$13.65
Value
$78,588
Kumar MukulSale
2 Jul 2026, PRESIDENT, ENGINEERING
Shares
7,897
Price
$13.65
Value
$107,782
Klimenko PaulinaSale
2 Jul 2026, CHIEF GROWTH OFFICER
Shares
14,914
Price
$13.65
Value
$203,554
Goel Rajeev K.Sale
1 Jul 2026, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER
Shares
17,176
Price
$13.91
Value
$238,990
Goel Rajeev K.Sale
18 Jun 2026, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER
Shares
43,077
Price
$11.30
Value
$486,568
Goel Rajeev K.Sale
8 Jun 2026, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER
Shares
44,000
Price
$11.33
Value
$498,656
Kumar MukulSale
2 Jun 2026, PRESIDENT, ENGINEERING
Shares
8,000
Price
$11.96
Value
$95,700
Goel Rajeev K.Sale
26 May 2026, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER
Shares
44,000
Price
$10.41
Value
$458,207
Gimbel LisaSale
18 May 2026, CHIEF ACCOUNTING OFFICER
Shares
1,396
Price
$17.04
Value
$23,787
Gimbel LisaSale
18 May 2026, CHIEF ACCOUNTING OFFICER
Shares
2,863
Price
$9.89
Value
$28,319
Goel Rajeev K.Sale
14 May 2026, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER
Shares
44,000
Price
$9.55
Value
$420,270

Trade date	Person	Type	Shares	Price	Value	Holding
2 Nov 2026	Gimbel LisaCHIEF ACCOUNTING OFFICER	Sale	500	$16.13	$8,065	15,427
22 Oct 2026	Goel Rajeev K.10 percent owner, officer: CHIEF EXECUTIVE OFFICER	Sale	50,021	$17.26	$863,237	31,774
16 Oct 2026	Kumar MukulPRESIDENT, ENGINEERING	Sale	8,000	$17.12	$136,985	242,082
5 Oct 2026	Woods AndrewGENERAL COUNSEL & SECRETARY	Sale	10,079	$18.65	$187,997	39,761
5 Oct 2026	Goel Amar K.10 percent owner, officer: CHAIRMAN, CHIEF INNOVATION Officer	Sale	10,795	$18.66	$201,488	35,580
5 Oct 2026	Pantelick StevenCHIEF FINANCIAL OFFICER	Sale	22,173	$18.66	$413,815	10,353
2 Oct 2026	Goel Rajeev K.10 percent owner, officer: CHIEF EXECUTIVE OFFICER	Sale	50,233	$18.97	$953,100	47,424
2 Oct 2026	Woods AndrewGENERAL COUNSEL & SECRETARY	Sale	5,744	$18.97	$108,984	49,840
2 Oct 2026	Pantelick StevenCHIEF FINANCIAL OFFICER	Sale	23,491	$18.97	$445,708	32,526
2 Oct 2026	Kumar MukulPRESIDENT, ENGINEERING	Sale	7,878	$18.97	$149,474	125,041
2 Oct 2026	Goel Amar K.10 percent owner, officer: CHAIRMAN, CHIEF INNOVATION Officer	Sale	7,302	$18.97	$138,545	46,375
1 Oct 2026	Gimbel LisaCHIEF ACCOUNTING OFFICER	Sale	500	$18.99	$9,495	15,927
24 Sept 2026	Goel Rajeev K.10 percent owner, officer: CHIEF EXECUTIVE OFFICER	Sale	50,453	$18.45	$930,633	0
16 Sept 2026	Kumar MukulPRESIDENT, ENGINEERING	Sale	8,000	$16.78	$134,228	112,945
3 Sept 2026	Goel Amar K.10 percent owner, officer: CHAIRMAN, CHIEF INNOVATION Officer	Sale	6,250	$17.04	$106,527	35,580
1 Sept 2026	Gimbel LisaCHIEF ACCOUNTING OFFICER	Sale	500	$16.43	$8,215	16,427
20 Aug 2026	Goel Rajeev K.10 percent owner, officer: CHIEF EXECUTIVE OFFICER	Sale	49,980	$16.49	$824,260	16,083
17 Aug 2026	Kumar MukulPRESIDENT, ENGINEERING	Sale	8,000	$17.05	$136,402	112,945
13 Aug 2026	Pantelick StevenCHIEF FINANCIAL OFFICER	Sale	19,716	$17.31	$341,205	10,353
12 Aug 2026	Pantelick StevenCHIEF FINANCIAL OFFICER	Sale	22,203	$17.25	$383,064	30,069
12 Aug 2026	Gimbel LisaCHIEF ACCOUNTING OFFICER	Sale	500	$17.50	$8,750	14,561
10 Aug 2026	Woods AndrewGENERAL COUNSEL & SECRETARY	Sale	38,331	$17.96	$688,402	39,761
7 Aug 2026	Goel Rajeev K.10 percent owner, officer: CHIEF EXECUTIVE OFFICER	Sale	211,302	$17.74	$3.75M	31,692
23 Jul 2026	Goel Rajeev K.10 percent owner, officer: CHIEF EXECUTIVE OFFICER	Sale	49,979	$12.35	$617,006	31,692
16 Jul 2026	Goel Rajeev K.10 percent owner, officer: CHIEF EXECUTIVE OFFICER	Sale	8,962	$13.94	$124,955	47,301
16 Jul 2026	Kumar MukulPRESIDENT, ENGINEERING	Sale	8,000	$13.67	$109,345	112,945
16 Jul 2026	Woods AndrewGENERAL COUNSEL & SECRETARY	Sale	3,239	$14.01	$45,375	78,092
15 Jul 2026	Goel Rajeev K.10 percent owner, officer: CHIEF EXECUTIVE OFFICER	Sale	4,060	$13.90	$56,448	47,301
6 Jul 2026	Pantelick StevenCHIEF FINANCIAL OFFICER	Sale	12,548	$13.42	$168,336	52,272
6 Jul 2026	Klimenko PaulinaCHIEF GROWTH OFFICER	Sale	9,009	$13.42	$120,887	71,044
2 Jul 2026	Pantelick StevenCHIEF FINANCIAL OFFICER	Sale	23,548	$13.65	$321,395	64,820
2 Jul 2026	Goel Rajeev K.10 percent owner, officer: CHIEF EXECUTIVE OFFICER	Sale	58,854	$13.68	$805,407	94,602
2 Jul 2026	Goel Amar K.10 percent owner, officer: CHAIRMAN, CHIEF INNOVATION Officer	Sale	6,584	$13.65	$89,862	35,580
2 Jul 2026	Woods AndrewGENERAL COUNSEL & SECRETARY	Sale	5,758	$13.65	$78,588	81,331
2 Jul 2026	Kumar MukulPRESIDENT, ENGINEERING	Sale	7,897	$13.65	$107,782	112,945
2 Jul 2026	Klimenko PaulinaCHIEF GROWTH OFFICER	Sale	14,914	$13.65	$203,554	80,053
1 Jul 2026	Goel Rajeev K.10 percent owner, officer: CHIEF EXECUTIVE OFFICER	Sale	17,176	$13.91	$238,990	0
18 Jun 2026	Goel Rajeev K.10 percent owner, officer: CHIEF EXECUTIVE OFFICER	Sale	43,077	$11.30	$486,568	0
8 Jun 2026	Goel Rajeev K.10 percent owner, officer: CHIEF EXECUTIVE OFFICER	Sale	44,000	$11.33	$498,656	21,206
2 Jun 2026	Kumar MukulPRESIDENT, ENGINEERING	Sale	8,000	$11.96	$95,700	100,869
26 May 2026	Goel Rajeev K.10 percent owner, officer: CHIEF EXECUTIVE OFFICER	Sale	44,000	$10.41	$458,207	21,206
18 May 2026	Gimbel LisaCHIEF ACCOUNTING OFFICER	Sale	1,396	$17.04	$23,787	16,927
18 May 2026	Gimbel LisaCHIEF ACCOUNTING OFFICER	Sale	2,863	$9.89	$28,319	13,677
14 May 2026	Goel Rajeev K.10 percent owner, officer: CHIEF EXECUTIVE OFFICER	Sale	44,000	$9.55	$420,270	21,206

Show 36 more

Partial trades from one filing are shown in one row, with the average price.

Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.

What happened at PubMatic2 events in recent months

What happened at PubMatic

The key events of the last six months from our own data. A click takes you to the matching card.

Sector comparisonRank 559 of 857 in Technology

Sector comparison

857 rated companies in Technology

Rank 559 of 857

559/ 857

This company: 54
Sector median: 61

Categories against the sector median

ProfitabilityMedian of 857 companies27 (median 59)32 below the median

GrowthMedian of 857 companies47 (median 68)21 below the median

FundamentalsMedian of 857 companies59 (median 67)8 below the median

ValuationMedian of 788 companies with a value23 (median 52)29 below the median

StabilityMedian of 857 companies59 (median 67)8 below the median

Capital allocationMedian of 857 companies46 (median 53)7 below the median

Technical analysisMedian of 857 companies89 (median 59)30 above the median

MomentumMedian of 857 companies84 (median 56)28 above the median

The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.

Competitors in Software (Application)

The next larger and next smaller companies by market value

All 189 Software (Application) stocks

ETFs that hold PubMaticHeld by 4 ETFs on Xetra

ETFs that hold PubMatic

Held by 4 ETFs on Xetra. Shown per index: the ETF with the largest weight.

ETF	Weight	Cost	Fund size
Avantis Global Small Cap Value UCITS ETFAVWS	0.05%	0.39%	€1.47B
L&G Russell 2000 US Small Cap Quality UCITS ETFETLZ	0.03%	0.30%	€185.82M
State Street SPDR Russell 2000 U.S. Small Cap UCITS ETF (Acc)ZPRR	0.03%	0.30%	€4.22B

Show 1 more

Xtrackers Russell 2000 UCITS ETF 1CXRS2

0.02%

0.30%

€2.17B

Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).

Data status and sourcesWhen it was calculated, from which sources

Data status and sources

Score: Daily value of 12 Nov 2026, recalculated nightly
Price: Closing price of 12 Nov 2026
Latest annual report: Fiscal year 2025, period end 31 Dec 2025
Source: Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.

Original filings at the SEC Report a data error

Mandatory disclosures for this rating

Computed on 12 Nov 2026, 03:59 Berlin time; time horizon around 12 months
Rated Neutral, published since 7 Nov 2026 (in the score history since 4 Nov 2026)
Valuation signal Overvalued since 7 Nov 2026
End-of-day prices, metrics cached for up to 24 hours
Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.

Full disclosures, methodology and data sources All ratings of the last 12 months How the score is calculated

PubMatic stock

Price and trend

Price history

Snapshot

In plain words

Strengths

Weaknesses

Score overview

Score history

Crash risk medium

Valuation

Valuation signal

Valuation metrics

Company performance

Revenue

Revenue

Earnings (net income)

Operating income

Earnings per share

Free cash flow

Operating cash flow

Shares outstanding

Shareholders' equity

Margins

Returns on capital

Cash and debt

Debt & balance sheet

Earnings

Analyst estimates

Company outlook raised

Insiders

What happened at PubMatic

Sector comparison

Categories against the sector median

Competitors in Software (Application)

ETFs that hold PubMatic

Data status and sources

Mandatory disclosures for this rating