Filing Flows › PubMatic (PUBM) › Q3 2026 › vs Q3 2025
PubMatic (PUBM) Q3 2026 vs Q3 2025 (year over year)
PubMatic's revenue rose $11.6M (+17%) from $68.0M in Q3 2025 to $79.6M in Q3 2026. Gross margin 69.9% against 62.6% (+7.3 pts).
PubMatic, Q3 2026: revenue $79.6M (+17% year over year), operating margin 11.0%, net earnings $5.5M, operating cash flow $30.8M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 69.9% | 62.6% | +7.3 pts |
| Operating margin | 11.0% | -12.4% | +23.4 pts |
| Net margin | 7.0% | -9.5% | +16.5 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $79.6M | $68.0M | $11.6M | +17% |
| Gross profit | $55.6M | $42.6M | $13.1M | +31% |
| Cost of revenue | $24.0M | $25.4M | −$1.4M | -6% |
| Other income, net | $1.2M | $261K | $917K | +351% |
| Operating profit | $8.7M | −$8.4M | $17.2M | — |
| Operating expenses | $46.9M | $51.0M | −$4.1M | -8% |
| Pre-tax earnings | $9.9M | −$8.2M | $18.1M | — |
| Research & development | $7.9M | $9.6M | −$1.7M | -18% |
| Sales & marketing | $23.4M | $25.7M | −$2.3M | -9% |
| General & admin | $15.5M | $15.6M | −$99K | -0.6% |
| Net earnings | $5.5M | −$6.5M | $12.0M | — |
| Income tax | $4.4M | −$1.7M | $6.1M | — |
| Share-based compensation | $7.5M | $9.5M | −$2.0M | -21% |
| Working capital & other | $17.7M | $25.1M | −$7.4M | -29% |
| Operating cash flow | $30.8M | $32.4M | −$1.6M | -5% |
Questions
How much did PubMatic's revenue grow year over year in Q3 2026?
PubMatic's revenue rose $11.6M (+17%) from $68.0M in Q3 2025 to $79.6M in Q3 2026. Gross margin 69.9% against 62.6% (+7.3 pts).