Filing Flows › PubMatic (PUBM) › Q2 2026 › vs Q2 2025
PubMatic (PUBM) Q2 2026 vs Q2 2025 (year over year)
PubMatic's revenue rose $7.5M (+11%) from $71.1M in Q2 2025 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 22.0% | 19.1% | +2.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $78.6M | $71.1M | $7.5M | +11% |
| Other income, net | $1.3M | −$609K | $1.9M | — |
| Net loss | $1.2M | $5.2M | −$4.0M | -77% |
| Costs & expenses | $81.1M | $77.2M | $3.9M | +5% |
| Operating costs | $78.0M | $76.6M | $1.5M | +2% |
| Income tax | $3.1M | −$862K | $3.9M | — |
| Cost of revenue | $25.9M | $26.6M | −$735K | -3% |
| Research & development | $9.1M | $9.1M | $32K | +0.4% |
| Sales & marketing | $26.1M | $25.2M | $930K | +4% |
| General & admin | $16.9M | $15.6M | $1.2M | +8% |
| Operating cash sources | $21.4M | $14.4M | $7.0M | +49% |
| Share-based compensation | $8.3M | $9.8M | −$1.5M | -15% |
| Working capital & other | $13.1M | $4.6M | $8.5M | +183% |
| Net loss absorbed | $1.2M | $5.2M | −$4.0M | -77% |
| Operating cash flow | $20.2M | $14.9M | $5.3M | +36% |
| Free cash flow (OCF − capex) | $17.3M | $13.6M | $3.7M | +27% |
| Capital expenditures | $3.0M | $1.3M | $1.6M | +121% |
Questions
How much did PubMatic's revenue grow year over year in Q2 2026?
PubMatic's revenue rose $7.5M (+11%) from $71.1M in Q2 2025 to $78.6M in Q2 2026.