Filing Flows › PubMatic (PUBM) › Q3 2026
PubMatic (PUBM) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
PubMatic (PUBM) reported revenue of $79.6M for the third quarter 2026 (Q3 2026), +17% from a year earlier and +1% from the quarter before. Operating margin was 11.0%, net earnings $5.5M (7.0% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $79.6M | +1% | +17% |
| Gross profit | $55.6M | +5% | +31% |
| Operating profit | $8.7M | 15× | — |
| Net earnings | $5.5M | — | — |
| Operating cash flow | $30.8M | +52% | -5% |
| Free cash flow | $17.6M | — | — |
What changed
Revenue was $79.6M in Q3 2026, up 17% year over year and up 1% from the previous quarter.
Gross margin was 69.9%, up 7.3 points from Q3 2025. Operating profit was $8.7M, a 11.0% margin (up 23.4 points year over year). Operating expenses fell 8% while revenue rose 17%. Net earnings were $5.5M. The effective tax rate was 44.1%.
Operating cash flow was $30.8M (down 5% year over year), 555% of net earnings. Non-cash charges added back $7.5M of share-based compensation. Working capital and other items added $17.7M. After purchases of property and equipment ($9.9M) and capitalized software development costs ($3.3M), free cash flow as the company reports it was $17.6M.
Questions
What was PubMatic's revenue in the third quarter 2026?
PubMatic (PUBM) reported revenue of $79.6M for the third quarter 2026 (Q3 2026), +17% from a year earlier and +1% from the quarter before.
Was PubMatic profitable in the third quarter 2026?
Operating profit was $8.7M (11.0% of revenue) and net earnings $5.5M.
Source: PubMatic 10-Q on SEC EDGAR.