| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income (loss) | -12,510 | 6,684 | -6,452 | -14,694 |
| Depreciation and amortization | 9,988 | 9,773 | 10,459 | 23,537 |
| Stock-based compensation | 8,488 | 9,368 | 9,511 | 19,499 |
| Provision for doubtful accounts | NaN | 0 | NaN | NaN |
| Deferred income taxes | -1,423 | -2,717 | -2,748 | -9,024 |
| Accretion of discount on marketable securities | 0 | 0 | 3 | 819 |
| Non-cash operating lease expense | 1,840 | 1,823 | 1,818 | 3,710 |
| Other | 676 | 183 | 586 | 278 |
| Accounts receivable | -21,335 | -4,351 | -20,811 | -41,412 |
| Prepaid expenses and other assets | -4,082 | 13,999 | 1,881 | 340 |
| Accounts payable | -997 | -12,416 | -4,116 | -25,865 |
| Accrued liabilities | -11,382 | 15,750 | 5,988 | -5,559 |
| Operating lease liabilities | -1,444 | -704 | -584 | -1,328 |
| Other liabilities, non-current | -6 | 429 | 157 | 275 |
| Net cash provided by operating activities | 17,295 | 18,159 | 32,374 | 30,526 |
| Purchases of property and equipment | 11 | 6,890 | 4,674 | 2,781 |
| Capitalized software development costs | 6,579 | 4,417 | 4,914 | 11,180 |
| Purchases of marketable securities | 0 | 0 | 0 | 26,026 |
| Proceeds from sales of marketable securities | NaN | 0 | 27,095 | NaN |
| Proceeds from maturities of marketable securities | 0 | 0 | 0 | 39,859 |
| Purchase of equity investment | 3,000 | NaN | NaN | NaN |
| Net cash used in investing activities | -9,590 | -11,307 | 17,507 | -128 |
| Payment of business combination indemnification claims holdback | NaN | 0 | 0 | 0 |
| Proceeds from issuance of common stock for employee stock purchase plan | NaN | 791 | 0 | 1,357 |
| Proceeds from exercise of stock options | 477 | 264 | 321 | 1,174 |
| Principal payments on finance lease obligations | 36 | 35 | 35 | 70 |
| Payments to acquire treasury stock | 8,500 | -1,152 | 4,001 | 43,649 |
| Net cash used in financing activities | -8,059 | 2,172 | -3,715 | -41,188 |
| Net increase (decrease) in cash and cash equivalents | -354 | 9,024 | 46,166 | -10,790 |
| Effect of foreign exchange rates on cash and cash equivalents | -288 | -54 | 720 | NaN |
| Cash and cash equivalents - beginning of period | 145,518 | 136,548 | 100,452 | NaN |
| Cash and cash equivalents - end of period | 144,876 | 145,518 | 136,548 | NaN |
PubMatic, Inc. (PUBM)
PubMatic, Inc. (PUBM)