Filing Flows › PubMatic (PUBM) › Q2 2026 › vs Q1 2026
PubMatic (PUBM) Q2 2026 vs Q1 2026 (quarter over quarter)
PubMatic's revenue rose $16.0M (+26%) from $62.6M in Q1 2026 to $78.6M in Q2 2026.
PubMatic, Q2 2026: revenue $78.6M (+10% year over year), operating margin 0.7%, net loss $1.2M, operating cash flow $20.2M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 22.0% | 27.6% | -5.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $78.6M | $62.6M | $16.0M | +26% |
| Other income, net | $1.3M | $162K | $1.1M | +704% |
| Net loss | $1.2M | $12.5M | −$11.3M | -90% |
| Costs & expenses | $81.1M | $77.8M | $3.3M | +4% |
| Operating costs | $78.0M | $77.8M | $174K | +0.2% |
| Income tax | $3.1M | −$2.6M | $5.7M | — |
| Cost of revenue | $25.9M | $26.1M | −$217K | -0.8% |
| Research & development | $9.1M | $8.0M | $1.2M | +15% |
| Sales & marketing | $26.1M | $29.0M | −$2.8M | -10% |
| General & admin | $16.9M | $14.8M | $2.1M | +14% |
| Operating cash sources | $21.4M | $26.3M | −$4.9M | -19% |
| Share-based compensation | $8.3M | $8.5M | −$141K | -2% |
| Working capital & other | $13.1M | $17.8M | −$4.8M | -27% |
| Net loss absorbed | $1.2M | $12.5M | −$11.3M | -90% |
| Operating cash flow | $20.2M | $17.3M | $2.9M | +17% |
| Free cash flow (OCF − capex) | $17.3M | $17.3M | −$29K | -0.2% |
| Capital expenditures | $3.0M | $11K | $2.9M | 269× |
Questions
How much did PubMatic's revenue grow quarter over quarter in Q2 2026?
PubMatic's revenue rose $16.0M (+26%) from $62.6M in Q1 2026 to $78.6M in Q2 2026.