To the full analysis
PubMatic stock: growth
PUBMPubMatic reported $282.93M in revenue for fiscal 2025, down 2.9% on the prior year, up 13.7% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
16.1%
per year from 2018 to 2025, per share 16.3%
Earnings (Annual rate)
no data
Free cash flow (Annual rate)
41.3%
per year from 2018 to 2025, per share 41.5%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2018 | |
|---|---|---|
| Revenue | 13.7% | 16.1% |
| Revenue per share | 14.2% | 16.3% |
| Earnings | no data | no data |
| Earnings per share | no data | no data |
| Free cash flow | no data | 41.3% |
| Free cash flow per share | no data | 41.5% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2018 | $99.26M | $4.43M | $5.94M |
| 2019 | $113.87M | $6.64M | $20.13M |
| 2020 | $148.75M | $26.61M | −$7.07M |
| 2021 | $226.91M | $56.6M | $49.32M |
| 2022 | $256.38M | $28.71M | $38.32M |
| 2023 | $267.01M | $8.88M | $52.83M |
| 2024 | $291.26M | $12.5M | $34.9M |
| 2025 | $282.93M | −$14.46M | $66.71M |
Revenue by region
Where PubMatic, Inc. generates its revenue.
- United States56%
- EMEA32%
- Asia Pacific10%
- Rest Of The World2%
Figures as a table
| 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|
| United States | $139.05M | $156.07M | $158.11M | $176.21M | $158.07M | 55.9% |
| EMEA | $62.53M | $71.87M | $84.92M | $83.39M | $90.55M | 32% |
| Asia Pacific | $20.91M | $24.84M | $19.29M | $25M | $28.44M | 10.1% |
| Rest Of The World | $4.42M | $3.6M | $4.7M | $6.66M | $5.87M | 2.1% |
| Total revenue | $226.91M | $256.38M | $267.01M | $291.26M | $282.93M | 100% |
Data status and sources
- Score
- Daily value of 13 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.
Mandatory disclosures for this rating
- ; 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.