Filing Flows › PubMatic (PUBM) › Q1 2026 › vs Q1 2025
PubMatic (PUBM) Q1 2026 vs Q1 2025 (year over year)
PubMatic's revenue fell $1.3M (-2%) from $63.8M in Q1 2025 to $62.6M in Q1 2026.
PubMatic, Q1 2026: revenue $62.6M (-2% year over year), operating margin -24.4%, net loss $12.5M, operating cash flow $17.3M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 17.1% | 11.4% | +5.7 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $62.6M | $63.8M | −$1.3M | -2% |
| Income tax benefit | $2.6M | $1.8M | $763K | +42% |
| Net loss | $12.5M | $9.5M | $3.0M | +32% |
| Costs & expenses | $77.8M | $75.7M | $2.1M | +3% |
| Operating costs | $77.8M | $75.7M | $2.1M | +3% |
| Cost of revenue | $26.1M | $25.6M | $506K | +2% |
| Research & development | $8.0M | $8.8M | −$786K | -9% |
| Sales & marketing | $29.0M | $26.8M | $2.2M | +8% |
| General & admin | $14.8M | $14.6M | $226K | +2% |
| Operating cash sources | $29.8M | $25.1M | $4.7M | +19% |
| Depreciation & amortization | $3.5M | $5.8M | −$2.3M | -40% |
| Share-based compensation | $8.5M | $9.7M | −$1.2M | -12% |
| Working capital & other | $17.8M | $9.6M | $8.2M | +85% |
| Net loss absorbed | $12.5M | $9.5M | $3.0M | +32% |
| Operating cash flow | $17.3M | $15.6M | $1.7M | +11% |
| Free cash flow (company-reported) | $10.7M | $7.3M | $3.4M | +47% |
| Capitalized software development costs | $6.6M | $6.9M | −$301K | -4% |
| Purchases of property and equipment | $11K | $1.4M | −$1.4M | -99% |
Questions
How much did PubMatic's revenue grow year over year in Q1 2026?
PubMatic's revenue fell $1.3M (-2%) from $63.8M in Q1 2025 to $62.6M in Q1 2026.