Stocks · Technology · Software - Application
PubMatic, Inc. PUBM
$18.42 -3.96% Close, Oct 2, 2026 · NASDAQ · Market cap $860.3M
Strong trend
Next earnings report: Nov 9, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Over the past year the stock returned +123.0%, ahead of the S&P 500 by 107.9 percentage points.
- Earnings beat analyst estimates in each of the last 12 quarters (average surprise over the last four: +100.0%).
- The stock is in an uptrend: above its 200-day average for 119 trading days, with the 50-day average above the 200-day.
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 15%
- FCF growth (TTM, YoY)Top 22%
- Revenue growth, 3-year CAGRBottom 41%
- Revenue growth accelerationTop 42%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 26%
- Gross marginTop 34%
- Operating marginBottom 29%
- Accruals (lower is better)Top 23%
- Net debt / EBITDA (lower is better)Top 18%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 31%
- Free-cash-flow yieldTop 32%
- EBITDA / enterprise valueTop 36%
- Sales / enterprise valueTop 37%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 7%
- 6-month returnTop 9%
- 1-year return vs S&P 500Top 10%
- Distance from 52-week highTop 12%
- Trend checklist (0–4)Top 18%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 4%
- Consecutive EPS beatsTop 19%
- Share of analysts rating BuyTop 50%
- Upside to consensus price targetBottom 28%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 42%
- Maximum drawdown, 3 yearsBottom 26%
- Beta vs S&P 500 (lower is better)Bottom 36%
- Net debt / EBITDA (lower is better)Top 18%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -2.3% | -1.0% | ↑ |
| Gross margin | 64.9% | 64.4% | ↓ |
| Operating margin | -1.3% | -4.9% | ↓ |
| FCF margin | 9.7% | 16.2% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | -1.0% | -2.3% | ↑ | Bottom 15% |
| Gross margin | 64.4% | 64.9% | ↓ | Top 34% |
| Operating margin | -4.9% | -1.3% | ↓ | Bottom 29% |
| Net margin | -4.7% | -0.6% | ↓ | — |
| Free-cash-flow margin | 16.2% | 9.7% | ↑ | — |
| Return on invested capital | -5.0% | — | Bottom 26% | |
| Revenue growth, 3-year CAGR | 3.3% | — | Bottom 41% |
Quality of earnings and balance sheet
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -14.5%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 12.4%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +1.0 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- -2.06×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 3.63%
- Shareholder yield
- 3.63%
- Share count change, 1 year
- -2.3%
- Share count change, 3-year CAGR
- -3.9%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 6, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 12
- Beats in the last 8 reports
- 8 of 8
- Average EPS surprise, last 4
- +100.0%
- Average 2-day reaction, last 8
- +1.9%
- Positive 20 days after report
- 6 of 8
Analysts
- Consensus price target
- $19.89
- Target vs current price
- +8.0%
- Analysts with a rating
- 17
- Share rating Buy or Strong Buy
- 65%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 6, 2026 | +83.2% | -0.2% | +27.2% | +28.6% | — |
| May 7, 2026 | +15.4% | +1.0% | -6.5% | +17.2% | +27.8% |
| Feb 26, 2026 | +1154.2% | +7.4% | +32.7% | +23.3% | +55.2% |
| Nov 10, 2025 | +33.6% | +3.4% | +27.4% | +19.7% | -15.1% |
| Aug 11, 2025 | +30.4% | -3.3% | -23.4% | -21.8% | -24.0% |
| May 8, 2025 | +5.5% | +9.6% | +16.6% | +19.1% | +16.2% |
| Feb 27, 2025 | +20.8% | -2.9% | -25.6% | -29.7% | -20.6% |
| Nov 12, 2024 | +70.6% | +0.4% | -10.3% | +2.0% | +1.2% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 6, 2026 | -$0.03 | -$0.18 | +83.2% | $78.6M |
| May 7, 2026 | -$0.27 | -$0.32 | +15.4% | $62.6M |
| Feb 26, 2026 | $0.14 | -$0.01 | +1154.2% | $80.0M |
| Nov 10, 2025 | -$0.14 | -$0.21 | +33.6% | $68.0M |
| Aug 11, 2025 | -$0.11 | -$0.16 | +30.4% | $71.1M |
| May 8, 2025 | -$0.20 | -$0.21 | +5.5% | $63.8M |
| Feb 27, 2025 | $0.29 | $0.24 | +20.8% | $85.5M |
| Nov 12, 2024 | -$0.02 | -$0.06 | +70.6% | $71.8M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| EV / EBITDA | 20.3× | — | — | Top 36% |
| EV / Sales | 2.70× | — | — | Top 37% |
| Free-cash-flow yield | 5.46% | — | — | Top 32% |
| Earnings yield | -1.63% | — | — | Bottom 31% |
P/E over the past five years
Range 18.9× – 381.7× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✓ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 151
- Days above the 200-day average
- 119
- 50-day average slope (20 days)
- +11.9%
- 200-day average slope (20 days)
- +8.2%
- Distance from 50-day average
- +12.3%
- Distance from 200-day average
- +64.2%
- RSI (14)
- 60.6
- Relative volume
- 1.21×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 67.7%
- Volatility vs own 5-year history
- 55th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.63
- Correlation with S&P 500
- 0.39
- Current drawdown from 1-year high
- -4.0%
- Maximum drawdown, 3 years
- -73.9%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Mar 1, 2021 | Feb 5, 2026 | -91.0% | 1240 days | Not yet recovered |
| Dec 9, 2020 | Dec 15, 2020 | -21.1% | 4 days | 5 days (Dec 22, 2020) |
| Dec 23, 2020 | Jan 11, 2021 | -18.4% | 11 days | 5 days (Jan 19, 2021) |
| Feb 5, 2021 | Feb 11, 2021 | -16.8% | 4 days | 8 days (Feb 24, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $860.3M
- EPS, diluted (TTM)
- -$0.30
- Revenue (TTM)
- $289.2M
- 52-week range
- $6.15 – $19.48
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $226.9M | $256.4M | $267.0M | $291.3M | $282.9M |
| Gross profit | $168.6M | $174.9M | $167.8M | $190.2M | $179.8M |
| Operating income | $58.8M | $40.5M | $2.0M | $3.9M | -$17.3M |
| Net income | $56.6M | $28.7M | $8.9M | $12.5M | -$14.5M |
| EPS (diluted) | $1.00 | $0.50 | $0.16 | $0.23 | -$0.31 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $71.8M | $85.5M | $63.8M | $71.1M | $68.0M | $80.0M | $62.6M | $78.6M |
| Net income | -$912,000 | $13.9M | -$9.5M | -$5.2M | -$6.5M | $6.7M | -$12.5M | -$1.2M |
| EPS (diluted) | -$0.02 | $0.26 | -$0.20 | -$0.11 | -$0.14 | $0.14 | -$0.27 | -$0.03 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $88.7M | $87.2M | $81.1M | $73.4M | $81.1M |
| Capital expenditure | -$39.4M | -$48.9M | -$28.3M | -$38.5M | -$14.3M |
| Free cash flow | $49.3M | $38.3M | $52.8M | $34.9M | $66.7M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | -$858,000 | $4.2M | -$59.3M | -$75.3M | -$42.6M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $137.5M
- Total assets
- $700.0M
- Total liabilities
- $461.3M
- Total debt
- $40.9M
- Net debt
- -$79.1M
- Shareholders’ equity
- $238.7M
As of Jun 30, 2026 (filed Aug 6, 2026).
Short interest
- Shares sold short
- 2,438,982
- Days to cover
- 4.27
- Change vs previous report
- +7.7%
FINRA short interest, settlement date Sep 15, 2026.