Export financials
PubMatic (PUBM)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
CSV downloads as a ZIP archive with one file for each report and frequency.

PubMatic Financial Ratios 2025-2011 | PUBM
Brief overview of PubMatic's valuation and returns
Ratios are assessed across five available annual reports in the 2020–2024 interval.
The current valuation set is P/E 53.23x (median 30.79x), EV/EBITDA 344.75x (median 36.68x), P/S 1.16x (median 3.07x). The combined multiple level is about 50.5% below the company's historical norm, suggesting more cautious expectations.
The 1/P/E calculation produces a 1.9% earnings yield. It does not capture future growth or capital structure.
End-period return metrics are ROE -5.3%, ROA -2.1%, ROCE -6.6%. Current return ratios are negative, materially weakening the fundamental profile.
On PEG (0.52x), valuation is restrained relative to growth, but one ratio cannot replace cash-flow and risk analysis.
The time from paying for inputs to receiving cash fell from -533.9 days to -787.7 days. Cash turnover improved.
Overall picture
PubMatic's discount may reflect genuine profitability issues rather than market inefficiency alone.
Annual Financial Ratios PubMatic
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
P/E |
-23.4 | 53.2 | 110.6 | 27.1 | 27.1 | 30.8 | - | - | - | - | - | - | - | - | - |
P/S |
1.2 | 2.4 | 3.7 | 3.1 | 6.8 | 5.5 | - | - | - | - | - | - | - | - | - |
EPS |
-0.3 | 0.2 | 0.2 | 0.6 | 1.1 | 0.5 | 0.0 | - | - | - | - | - | - | - | - |
EV (Enterprise Value) |
600 M | 1.05 B | 1.32 B | 1.02 B | 1.75 B | 934 M | 194 M | 174 M | - | - | - | - | - | - | - |
EBITDA per Share |
0.04 | 0.58 | 0.59 | 1.23 | 1.48 | 3.75 | - | - | - | - | - | - | - | - | - |
EV/EBITDA |
344.7 | 36.7 | 43.1 | 16.0 | 23.0 | 34.7 | - | - | - | - | - | - | - | - | - |
PEG |
0.52 | - | - | - | - | 0.23 | - | - | - | - | - | - | - | - | - |
P/B |
1.2 | 2.5 | 3.4 | 2.5 | 6.0 | 4.7 | - | - | - | - | - | - | - | - | - |
P/CF |
4.0 | 9.4 | 12.3 | 9.0 | 17.3 | 33.7 | - | - | - | - | - | - | - | - | - |
ROE % |
-5.33 | 4.69 | 3.04 | 9.29 | 22.01 | 15.17 | - | - | - | - | - | - | - | - | - |
ROA % |
-2.06 | 1.76 | 1.29 | 4.52 | 10.29 | 7.17 | - | - | - | - | - | - | - | - | - |
ROCE % |
-6.57 | 1.42 | 0.69 | 12.98 | 22.86 | 18.10 | - | - | - | - | - | - | - | - | - |
Current Ratio |
1.6 | 1.6 | 1.7 | 1.9 | 1.9 | 1.9 | - | - | - | - | - | - | - | - | - |
DSO |
505.1 | 501.5 | 471.4 | 428.0 | 230.8 | - | - | - | - | - | - | - | - | - | - |
DPO |
1292.8 | 1326.4 | 1149.6 | 1168.1 | 764.6 | - | - | - | - | - | - | - | - | - | - |
Operating Cycle |
505.1 | 501.4 | 471.4 | 428.0 | 230.8 | - | - | - | - | - | - | - | - | - | - |
Cash Conversion Cycle |
-787.7 | -825.0 | -678.2 | -740.2 | -533.9 | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
Quarterly Financial Ratios PubMatic
| 2026-Q2 | 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPS |
-0.03 | -0.27 | -0.14 | -0.11 | -0.2 | -0.02 | 0.04 | -0.05 | 0.03 | -0.11 | -0.11 | - | 0.06 | 0.15 | 0.09 | - | 0.27 | 0.2 | 0.1 | - | 0.12 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA per Share |
0.02 | -0.25 | -0.09 | 0.01 | -0.13 | 0.1 | 0.05 | 0.02 | 0.13 | - | -0.06 | - | 0.31 | 0.28 | 0.18 | - | 0.36 | 0.27 | 0.19 | - | 1.01 | 0.3 | 0.32 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
ROE % |
-10.26 | -13.20 | -8.56 | -5.23 | -3.94 | 0.12 | -1.48 | -4.10 | -2.11 | 0.03 | 3.76 | 5.68 | 11.80 | 15.57 | 15.49 | 13.71 | 17.26 | 11.51 | 7.11 | 4.44 | 3.55 | 0.37 | 0.52 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
ROA % |
-3.79 | -5.04 | -3.28 | -2.03 | -1.65 | 0.06 | -0.79 | -2.10 | -1.16 | -0.07 | 1.87 | 2.88 | 5.97 | 8.00 | 8.10 | 7.14 | 8.82 | 5.91 | 3.57 | 2.10 | 1.68 | 0.18 | 0.24 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
ROCE % |
-11.52 | -16.08 | -10.52 | -8.49 | -8.16 | -4.04 | -5.94 | -8.02 | -2.82 | 0.83 | 4.97 | 8.45 | 14.81 | 16.54 | 16.69 | 14.98 | 19.42 | 13.48 | 9.05 | 5.44 | 4.44 | 0.42 | 0.59 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Current Ratio |
1.5 | 1.6 | 1.6 | 1.6 | 1.7 | 1.6 | 1.7 | 1.9 | 1.9 | 2.0 | 2.1 | 1.9 | 1.9 | 2.0 | 2.2 | 1.9 | 2.0 | 2.1 | 2.2 | 1.9 | 1.9 | 1.9 | 1.9 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
DSO |
418.0 | 510.1 | 500.8 | 470.1 | 518.9 | 462.9 | 444.2 | 406.8 | 393.6 | 368.1 | 467.1 | - | 382.9 | 349.1 | 422.6 | - | 332.9 | 338.6 | 410.7 | - | 530.0 | 759.9 | 353.3 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
DPO |
1291.8 | 1222.4 | 1289.3 | 1174.4 | 1220.2 | 1254.7 | 1142.4 | 1009.2 | 897.5 | 842.1 | 956.0 | - | 1047.9 | 1018.1 | 1091.3 | - | 1019.3 | 1040.8 | 1160.0 | - | 1537.2 | 1755.0 | 801.8 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Cycle |
- | - | 500.8 | 470.1 | 518.9 | 462.9 | 444.2 | 406.8 | 393.6 | 368.1 | 467.1 | - | 382.9 | 349.1 | 422.6 | - | 332.9 | 338.6 | 410.7 | - | 530.0 | 759.9 | 353.3 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash Conversion Cycle |
- | - | -788.5 | -704.3 | -701.2 | -791.8 | -698.2 | -602.4 | -503.9 | -473.9 | -488.8 | - | -665.0 | -669.0 | -668.7 | - | -686.4 | -702.3 | -749.3 | - | -1007.2 | -995.1 | -448.6 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
Multiples are an important financial analysis tool for the company PubMatic, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.
Advantages of Using Financial Ratios- Simplified Data Analysis
Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition. - Comparability Between Companies
Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations. - Identification of Trends and Issues
Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks. - Decision Support
Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions. - Accelerated Assessment of Investment Attractiveness
Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.
Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.
Financial Ratios of other stocks in the Software industry
| Issuer | Price | % 24h | Market Cap | Country | |
|---|---|---|---|---|---|
|
Диасофт
DIAS
|
- | - | - | ||
|
Софтлайн
SOFL
|
- | - | - | ||
|
Аренадата
DATA
|
- | - | - | ||
|
IVA Technologies
IVAT
|
- | - | - | ||
|
Группа Позитив
POSI
|
- | - | - | ||
|
Группа Астра
ASTR
|
- | - | - | ||
|
Базис | Basis
BAZA
|
- | - | - | ||
|
Simulations Plus
SLP
|
$ 18.5 | 0.05 % | $ 371 M | ||
|
Cerence
CRNC
|
$ 8.0 | 0.12 % | $ 345 M | ||
|
ACI Worldwide
ACIW
|
$ 51.22 | 2.13 % | $ 5.32 B | ||
|
Adobe
ADBE
|
$ 238.79 | 0.46 % | $ 102 B | ||
|
Autodesk
ADSK
|
$ 221.56 | 4.51 % | $ 47.2 B | ||
|
AudioEye
AEYE
|
$ 6.73 | 0.86 % | $ 83.6 M | ||
|
AGM Group Holdings
AGMH
|
$ 0.73 | 4.27 % | $ 1.28 M | ||
|
Agilysys
AGYS
|
$ 99.5 | 0.24 % | $ 2.78 B | ||
|
Gitlab Inc
GTLB
|
$ 51.5 | 3.46 % | $ 8.59 B | ||
|
Akamai Technologies
AKAM
|
$ 107.99 | 1.86 % | $ 15.7 B | ||
|
Alarm.com Holdings
ALRM
|
$ 56.24 | 2.85 % | $ 2.8 B | ||
|
Amesite
AMST
|
$ 0.94 | 0.23 % | $ 4.64 M | ||
|
Sphere 3D Corp.
ANY
|
$ 2.89 | 3.96 % | $ 8.42 M | ||
|
Agora
API
|
$ 4.15 | 1.72 % | $ 1.53 B | ||
|
AppFolio
APPF
|
$ 204.25 | 0.63 % | $ 7.36 B | ||
|
Appian Corporation
APPN
|
$ 38.21 | 4.17 % | $ 2.83 B | ||
|
Digital Turbine
APPS
|
$ 11.21 | 0.36 % | $ 1.27 B | ||
|
Asana
ASAN
|
$ 9.14 | 6.03 % | $ 2.16 B | ||
|
Asure Software
ASUR
|
$ 7.89 | 2.73 % | $ 216 M | ||
|
A10 Networks
ATEN
|
$ 28.19 | 1.95 % | $ 2.04 B | ||
|
Auddia
AUUD
|
$ 1.33 | 9.92 % | $ 1.83 M | ||
|
Aware
AWRE
|
$ 1.08 | 1.81 % | $ 22.9 M | ||
|
Bandwidth
BAND
|
$ 62.53 | 2.08 % | $ 1.88 B | ||
|
BlackBerry Limited
BB
|
$ 9.08 | 1.31 % | $ 5.38 B | ||
|
Bill.com Holdings
BILL
|
$ 44.49 | 2.08 % | $ 4.45 B | ||
|
BlackLine
BL
|
$ 28.13 | 2.63 % | $ 1.73 B | ||
|
Bridgeline Digital
BLIN
|
$ 0.88 | 8.23 % | $ 9.88 M | ||
|
Blackbaud
BLKB
|
$ 43.31 | 3.71 % | $ 2.07 B | ||
|
Bumble
BMBL
|
$ 2.55 | 0.39 % | $ 281 M | ||
|
Box
BOX
|
$ 35.34 | 2.46 % | $ 5.1 B | ||
|
Bentley Systems, Incorporated
BSY
|
$ 34.75 | 7.82 % | $ 10.9 B | ||
|
Bit Digital
BTBT
|
$ 1.54 | 0.62 % | $ 397 M | ||
|
Calix
CALX
|
$ 34.34 | 0.16 % | $ 2.27 B | ||
|
Cadence Design Systems
CDNS
|
$ 353.48 | 0.61 % | $ 95.9 B | ||
|
Check Point Software Technologies Ltd.
CHKP
|
$ 129.58 | 0.2 % | $ 13.9 B | ||
|
CleanSpark
CLSK
|
$ 12.48 | 1.76 % | $ 3.21 B | ||
|
Cheetah Mobile
CMCM
|
$ 2.62 | 3.84 % | $ 4.02 B | - | |
|
Endava plc
DAVA
|
$ 1.91 | 0.52 % | $ 112 M | - | |
|
Cogent Biosciences
COGT
|
$ 30.87 | 0.2 % | $ 3.98 B | ||
|
Creative Realities
CREX
|
$ 2.48 | 1.2 % | $ 26 M | ||
|
salesforce.com
CRM
|
$ 229.79 | 3.09 % | $ 218 B | ||
|
CrowdStrike Holdings
CRWD
|
$ 272.67 | 0.97 % | $ 68.3 B | ||
|
Commvault Systems
CVLT
|
$ 153.73 | 2.3 % | $ 6.76 B |