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How PubMatic (PUBM) makes money

PubMatic (PUBM) made $78.6M of revenue in the second quarter 2026 (Q2 2026), +11% from a year earlier.

Drawing the Sankey…

PubMatic revenue by quarterPubMatic revenue by quarter$85.5MQ4 2024$63.8MQ1 2025$71.1MQ2 2025$68.0MQ3 2025$80.0MQ4 2025$62.6MQ1 2026$78.6MQ2 2026
PubMatic: where each dollar of revenue goesPubMatic: where each dollar of revenue goesIncome tax4¢Operating cash flow26¢Free cash flow22¢

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$78.6M100.0%
Income tax$3.1M3.9%
Operating cash flow$20.2M25.7%
Free cash flow$17.3M22.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$78.6M+10%
Q1 2026$62.6M-2%
Q4 2025$80.0M-6%
Q3 2025$68.0M-5%
Q2 2025$71.1M+6%
Q1 2025$63.8M-4%
Q4 2024$85.5M+1%

From PubMatic's 10-Q filed Aug 6, 2026 (on EDGAR).

Questions

How does PubMatic make money?

PubMatic (PUBM) made $78.6M of revenue in the second quarter 2026 (Q2 2026), +11% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.