PUBMPubMatic, Inc.
Services-Computer Programming, Data Processing, Etc.
- Revenue
- $283M
- 2.9% YoY
- Operating margin
- -6.1%
- 552% YoY
- EBITDA
- $2M
- 94% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired14% of revenueOver 10% of revenue
- Payouts exceed cash flowClear57% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear4% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $227M | $256M | $267M | $291M | $283M | 2.9% |
| Operating income | $59M | $41M | $2M | $4M | −$17M | 539% |
| Net income | $57M | $29M | $9M | $13M | −$14M | 208% |
| Operating cash flow | $89M | $87M | $81M | $73M | $81M | 10% |
| Capex | $30M | $36M | $11M | $18M | $14M | 18% |
| Stock-based comp | $14M | $21M | $29M | $38M | $38M | 1.9% |
| Buybacks | $52K | $0 | $59M | $75M | $46M | 38% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $5M · 22
- Net
- −$5M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $9M | $773K | 32 | 211 |
| FY2024 | $9M | $11M | 53 | 171 |
| FY2023 | $10M | $13M | 58 | 136 |
| FY2022 | $7M | −$4M | 46 | 83 |
| FY2021 | $9M | $14M | 122 | 133 |