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PubMatic (PUBM) R&D spending by quarter

PubMatic's R&D spending was $9.1M in Q2 2026 (second quarter 2026), +15% from Q1 2026. Over the last 7 quarters it ranged from $6.3M (Q4 2025) to $9.6M (Q3 2025).

PubMatic R&D spending by quarterPubMatic R&D spending by quarter$7.8MQ4 2024$8.8MQ1 2025$9.1MQ2 2025$9.6MQ3 2025$6.3MQ4 2025$8.0MQ1 2026$9.1MQ2 2026
QuarterR&D spendingQ/QY/Y
Q2 2026$9.1M+15%+0.4%
Q1 2026$8.0M+26%-9%
Q4 2025$6.3M-34%-19%
Q3 2025$9.6M+5%—
Q2 2025$9.1M+4%—
Q1 2025$8.8M+12%—
Q4 2024$7.8M——

Q2 2026 at a glance

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.

Questions

What is PubMatic's R&D spending?

PubMatic's R&D spending was $9.1M in Q2 2026 (second quarter 2026), +15% from Q1 2026.

How has PubMatic's R&D spending changed?

Over the last 7 quarters it ranged from $6.3M (Q4 2025) to $9.6M (Q3 2025).

Q2 2026 results → · How PubMatic makes money →