Filing Flows › PubMatic (PUBM) › Q2 2026
PubMatic (PUBM) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
PubMatic (PUBM) reported revenue of $78.6M for the second quarter 2026 (Q2 2026), +11% from a year earlier and +26% from the quarter before. Operating margin was 0.7%, net loss $1.2M (1.5% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $78.6M | +26% | +11% |
| Operating profit | $579K | — | — |
| Net earnings | −$1.2M | — | — |
| Operating cash flow | $20.2M | +17% | +36% |
| Free cash flow | $17.3M | -0.2% | +27% |
What changed
Revenue was $78.6M in Q2 2026, up 11% year over year and up 26% from the previous quarter.
Gross margin was 67.1%, up 4.5 points from Q2 2025. Operating profit was $579K, a 0.7% margin (up 8.4 points year over year). Operating expenses grew 4% against revenue growth of 11%. The quarter ended with a net loss of $1.2M, narrower than the previous quarter's $12.5M loss. Non-operating items added $1.3M, 69% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $20.2M (up 36% year over year). Non-cash charges added back $8.3M of share-based compensation. Working capital and other items added $13.1M. Capital expenditures of $3.0M left free cash flow of $17.3M.
Questions
What was PubMatic's revenue in the second quarter 2026?
PubMatic (PUBM) reported revenue of $78.6M for the second quarter 2026 (Q2 2026), +11% from a year earlier and +26% from the quarter before.
Was PubMatic profitable in the second quarter 2026?
Operating profit was $579K (0.7% of revenue) and net loss $1.2M.
Source: PubMatic 10-Q on SEC EDGAR.