PubMatic annual r&d spending
2019
2020
2021
2022
2023
2024
2025
PubMatic R&D Spending Growth & History (PUBM)
PubMatic's r&d spending was $33.8M for fiscal 2025.
View full PubMatic company overviewPubMatic annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $33.8M | $557,000 | +1.67% |
| 2024 | 2024-12-31 | $33.3M | $6.5M | +24.45% |
| 2023 | 2023-12-31 | $26.7M | $5.9M | +28.21% |
| 2022 | 2022-12-31 | $20.8M | $5.0M | +31.23% |
| 2021 | 2021-12-31 | $15.9M | $3.6M | +29.67% |
| 2020 | 2020-12-31 | $12.3M | −$203,000 | −1.63% |
| 2019 | 2019-12-31 | $12.5M | — | — |
PubMatic quarterly r&d spending
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 | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $9.1M | $32,000 | +0.35% |
| Q1 2026 | 2026-03-31 | $8.0M | −$786,000 | −8.96% |
| Q4 2025 | 2025-12-31 | $6.3M | −$1.5M | −19.35% |
| Q3 2025 | 2025-09-30 | $9.6M | $803,000 | +9.11% |
| Q2 2025 | 2025-06-30 | $9.1M | $457,000 | +5.28% |
| Q1 2025 | 2025-03-31 | $8.8M | $812,000 | +10.20% |
| Q4 2024 | 2024-12-31 | $7.8M | $985,000 | +14.39% |
| Q3 2024 | 2024-09-30 | $8.8M | $2.2M | +32.85% |
| Q2 2024 | 2024-06-30 | $8.7M | $1.9M | +28.66% |
| Q1 2024 | 2024-03-31 | $8.0M | $1.4M | +22.14% |
| Q4 2023 | 2023-12-31 | $6.8M | $928,000 | +15.68% |
| Q3 2023 | 2023-09-30 | $6.6M | $1.6M | +30.59% |
| Q2 2023 | 2023-06-30 | $6.7M | $1.7M | +32.61% |
| Q1 2023 | 2023-03-31 | $6.5M | $1.7M | +36.54% |
| Q4 2022 | 2022-12-31 | $5.9M | $1.8M | +42.67% |
| Q3 2022 | 2022-09-30 | $5.1M | $941,000 | +22.73% |
| Q2 2022 | 2022-06-30 | $5.1M | $1.2M | +31.48% |
| Q1 2022 | 2022-03-31 | $4.8M | $1.0M | +27.69% |
| Q4 2021 | 2021-12-31 | $4.1M | $1.2M | +39.66% |
| Q3 2021 | 2021-09-30 | $4.1M | $749,000 | +22.09% |
| Q2 2021 | 2021-06-30 | $3.9M | $889,000 | +29.92% |
| Q1 2021 | 2021-03-31 | $3.7M | $819,000 | +28.06% |
| Q4 2020 | 2020-12-31 | $3.0M | — | — |
| Q3 2020 | 2020-09-30 | $3.4M | — | — |
| Q2 2020 | 2020-06-30 | $3.0M | — | — |
| Q1 2020 | 2020-03-31 | $2.9M | — | — |
PubMatic r&d spending trends
Over the last five fiscal years, PubMatic's r&d spending increased from $12.3M to $33.8M, a change of $21.6M. The latest reported quarter, Q2 2026, shows $9.1M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review PubMatic source filings ↗