PubMatic annual operating expenses
2019
2020
2021
2022
2023
2024
2025
PubMatic Operating Expenses Growth & History (PUBM)
PubMatic's operating expenses was $197.1M for fiscal 2025.
View full PubMatic company overviewPubMatic annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $197.1M | $10.8M | +5.80% |
| 2024 | 2024-12-31 | $186.3M | $20.6M | +12.40% |
| 2023 | 2023-12-31 | $165.7M | $31.4M | +23.37% |
| 2022 | 2022-12-31 | $134.3M | $24.5M | +22.35% |
| 2021 | 2021-12-31 | $109.8M | $34.0M | +44.85% |
| 2020 | 2020-12-31 | $75.8M | $6.5M | +9.46% |
| 2019 | 2019-12-31 | $69.3M | — | — |
PubMatic quarterly operating expenses
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $52.1M | $2.2M | +4.39% |
| Q1 2026 | 2026-03-31 | $51.7M | $1.6M | +3.20% |
| Q4 2025 | 2025-12-31 | $46.0M | $275,000 | +0.60% |
| Q3 2025 | 2025-09-30 | $51.0M | $3.3M | +7.00% |
| Q2 2025 | 2025-06-30 | $49.9M | $3.9M | +8.36% |
| Q1 2025 | 2025-03-31 | $50.1M | $3.3M | +7.13% |
| Q4 2024 | 2024-12-31 | $45.8M | $5.8M | +14.47% |
| Q3 2024 | 2024-09-30 | $47.6M | $9.5M | +24.86% |
| Q2 2024 | 2024-06-30 | $46.1M | $695,000 | +1.53% |
| Q1 2024 | 2024-03-31 | $46.8M | $4.6M | +10.86% |
| Q4 2023 | 2023-12-31 | $40.0M | $5.2M | +14.82% |
| Q3 2023 | 2023-09-30 | $38.2M | $4.9M | +14.63% |
| Q2 2023 | 2023-06-30 | $45.4M | $11.1M | +32.49% |
| Q1 2023 | 2023-03-31 | $42.2M | $10.2M | +32.01% |
| Q4 2022 | 2022-12-31 | $34.8M | $4.1M | +13.47% |
| Q3 2022 | 2022-09-30 | $33.3M | $5.3M | +18.81% |
| Q2 2022 | 2022-06-30 | $34.3M | $7.8M | +29.61% |
| Q1 2022 | 2022-03-31 | $32.0M | $7.3M | +29.65% |
| Q4 2021 | 2021-12-31 | $30.7M | $8.1M | +35.86% |
| Q3 2021 | 2021-09-30 | $28.0M | $8.5M | +43.57% |
| Q2 2021 | 2021-06-30 | $26.4M | $10.0M | +60.78% |
| Q1 2021 | 2021-03-31 | $24.7M | $7.4M | +42.88% |
| Q4 2020 | 2020-12-31 | $22.6M | — | — |
| Q3 2020 | 2020-09-30 | $19.5M | — | — |
| Q2 2020 | 2020-06-30 | $16.4M | — | — |
| Q1 2020 | 2020-03-31 | $17.3M | — | — |
PubMatic operating expenses trends
Over the last five fiscal years, PubMatic's operating expenses increased from $75.8M to $197.1M, a change of $121.3M. The latest reported quarter, Q2 2026, shows $52.1M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review PubMatic source filings ↗