PUBM
PubMatic, Inc.
NasdaqGMUSDEQUITY
Technology
DELAYED
Strong buy
+65/100
Last price
18.35
▼ 0.25 (1.34%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
18.57
Prev close
18.60
Day high
18.84
Day low
18.22
Volume
719.13K
Market cap
$835.84M
P/E (TTM)
—
52W range
6.15 – 19.48
Day trading desk
Gap from prior close
-0.16%
Prior close 18.60
VWAP
18.51
-0.84% from price
Relative volume
0.92×
Normal
Session range
11.12%
17.00 – 18.89
Position in range
71%
Near session high
ATR (14D)
0.80
4.38% of price
Prior day high
18.96
PDH
Prior day low
18.25
PDL
Bid / ask spread
—
Quote not published
Session volume
617.67K
Avg 672.15K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-2.39%
-4.3%
1M
+11.21%
+10.1%
3M
+39.44%
+34.9%
6M
+116.14%
+98.0%
YTD
+106.88%
+92.6%
1Y
+117.42%
+101.0%
3Y
+51.65%
-30.6%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on PUBM open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+46.31K
Net buying
Buy transactions
30
1.03M shares
Sell transactions
34
985.36K shares
Net transactions
+64
Buys less sells
Sell : buy shares
1.0 : 1
Mixed
Insider-held shares
411.43K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Oct 2, 26 | PANTELICK STEVEN M Chief Financial Officer |
SELL | 23.49K | $445.71K | Direct |
| Oct 2, 26 | GOEL AMAR K. Chairman of the Board |
SELL | 7.30K | $138.54K | Direct |
| Oct 2, 26 | GOEL RAJEEV K. Chief Executive Officer |
SELL | 50.23K | $953.10K | Direct |
| Oct 2, 26 | KUMAR MUKUL Officer |
SELL | 7.88K | $149.47K | Direct |
| Oct 2, 26 | WOODS ANDREW General Counsel |
SELL | 5.74K | $108.98K | Direct |
| Oct 1, 26 | PANTELICK STEVEN M Chief Financial Officer |
— | 45.66K | — | Direct |
| Oct 1, 26 | GOEL AMAR K. Chairman of the Board |
— | 18.10K | — | Direct |
| Oct 1, 26 | GOEL RAJEEV K. Chief Executive Officer |
— | 97.66K | — | Direct |
| Oct 1, 26 | KUMAR MUKUL Officer |
— | 19.97K | — | Direct |
| Oct 1, 26 | WOODS ANDREW General Counsel |
— | 15.82K | — | Direct |
| Sep 3, 26 | GOEL AMAR K. Chairman of the Board |
SELL | 6.25K | $106.53K | Direct |
| Sep 3, 26 | GOEL AMAR K. Chairman of the Board |
— | 6.25K | — | Direct |
| Sep 1, 26 | GIMBEL LISA Officer |
SELL | 500 | $8.21K | Direct |
| Aug 20, 26 | GOEL RAJEEV K. Chief Executive Officer |
SELL | 49.98K | $824.26K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
GIMBEL LISA |
Officer | 16.43K | Sale |
GLASER SHELAGH M |
Director | 21.50K | Conversion of Exercise of derivative security |
GOEL AMAR K. |
Chairman of the Board | 46.38K | Sale |
GOEL RAJEEV K. |
Chief Executive Officer | 47.42K | Sale |
KLIMENKO PAULINA |
Officer | 71.04K | Sale |
KUMAR MUKUL |
Officer | 125.04K | Sale |
MEHTA NIKHIL RAMESH |
Director | 18.02K | Conversion of Exercise of derivative security |
PANTELICK STEVEN M |
Chief Financial Officer | 32.53K | Sale |
SHULMAN YAKOV JACOB |
Director | 18.04K | Conversion of Exercise of derivative security |
WOODS ANDREW |
General Counsel | 49.84K | Sale |
Fundamentals
Market cap$835.84M
Enterprise value$739.47M
Revenue (TTM)$289.17M
Gross profit$186.31M
EBITDA$2.44M
Net income$-13.48M
EPS (TTM)$-0.29
Free cash flow$60.31M
Total cash$137.51M
Total debt$40.91M
Book value / share$5.26
Shares outstanding37.30M
Float33.54M
Short % of float6.63%
Dividend yield0.00%
Beta (5Y)1.56
Valuation & profitability ratios
Trailing P/E—
Forward P/E22.56
PEG ratio4.95
Price / sales—
Price / book3.49
EV / revenue2.56
EV / EBITDA303.06
Gross margin64.43%
Operating margin0.74%
Profit margin-4.66%
Return on equity-5.59%
Return on assets-1.24%
Debt / equity17.14
Current ratio1.27
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $282.93M | $291.26M | $267.01M | $256.38M | -2.9% |
| Operating revenue | $282.93M | $291.26M | $267.01M | $256.38M | -2.9% |
| Cost of revenue | $103.08M | $101.03M | $99.23M | $81.51M | +2.0% |
| Gross profit | $179.84M | $190.23M | $167.78M | $174.87M | -5.5% |
| Research & development | $33.82M | $33.26M | $26.73M | $20.85M | +1.7% |
| Selling, general & admin | $163.28M | $153.04M | $139.02M | $113.50M | +6.7% |
| Total operating expense | $197.10M | $186.30M | $165.75M | $134.35M | +5.8% |
| Operating income | -$17.26M | $3.93M | $2.04M | $40.52M | -539.5% |
| Net interest income | $5.46M | $8.48M | $8.83M | $2.21M | -35.6% |
| Pre-tax income | -$15.95M | $17.77M | $10.51M | $37.47M | -189.8% |
| Tax provision | -$1.49M | $5.27M | $1.62M | $8.76M | -128.3% |
| Net income | -$14.46M | $12.50M | $8.88M | $28.70M | -215.7% |
| Net income to common | -$14.46M | $12.50M | $8.88M | $28.70M | -215.7% |
| Basic EPS | -0.31 | 0.25 | 0.17 | 0.55 | -224.0% |
| Diluted EPS | -0.31 | 0.23 | 0.16 | 0.50 | -234.8% |
| EBIT | -$17.26M | $3.93M | $2.04M | $40.52M | -539.5% |
| EBITDA | $26.51M | $49.28M | $46.81M | $74.77M | -46.2% |
| Basic shares | 47.01M | 49.21M | 51.76M | 52.28M | -4.5% |
| Diluted shares | 47.01M | 54.29M | 56.03M | 56.91M | -13.4% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $145.52M | $100.45M | $78.51M | $92.38M | +44.9% |
| Cash & short-term investments | $145.52M | $140.59M | $175.34M | $174.40M | +3.5% |
| Accounts receivable | $358.24M | $424.81M | $375.47M | $314.30M | -15.7% |
| Total current assets | $522.65M | $575.55M | $561.96M | $503.48M | -9.2% |
| Property, plant & equipment | $90.81M | $102.92M | $81.83M | $97.36M | -11.8% |
| Goodwill & intangibles | $32.28M | $33.86M | $35.44M | $37.88M | -4.7% |
| Total assets | $680.20M | $739.52M | $695.24M | $642.17M | -8.0% |
| Total current liabilities | $375.85M | $418.81M | $379.59M | $302.03M | -10.3% |
| Total debt | $43.86M | $45.38M | $21.84M | $26.59M | -3.3% |
| Total liabilities | $417.61M | $462.26M | $399.04M | $329.99M | -9.7% |
| Retained earnings | $134.92M | $149.38M | $136.88M | $128.00M | -9.7% |
| Shareholder equity | $262.59M | $277.26M | $296.20M | $312.19M | -5.3% |
| Working capital | $146.80M | $156.74M | $182.36M | $201.45M | -6.3% |
| Net tangible assets | $230.31M | $243.40M | $260.76M | $274.31M | -5.4% |
| Shares issued | 59.29M | 56.42M | 54.29M | 55.85M | +5.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$14.46M | $12.50M | $8.88M | $28.70M | -215.7% |
| Depreciation & amortisation | $43.77M | $45.35M | $44.77M | $34.25M | -3.5% |
| Stock-based compensation | $38.38M | $37.68M | $28.86M | $20.65M | +1.9% |
| Change in working capital | $22.38M | -$13.78M | $4.24M | -$514.00K | +262.4% |
| Operating cash flow | $81.06M | $73.42M | $81.12M | $87.21M | +10.4% |
| Capital expenditure | -$34.86M | -$38.53M | -$28.29M | -$48.89M | +9.5% |
| Investing cash flow | $6.07M | $22.31M | -$39.02M | -$81.37M | -72.8% |
| Share buybacks | -$46.50M | -$75.33M | -$59.27M | $0 | +38.3% |
| Financing cash flow | -$42.73M | -$73.48M | -$55.98M | $4.04M | +41.8% |
| Free cash flow | $46.20M | $34.90M | $52.83M | $38.32M | +32.4% |
| End cash position | $145.52M | $100.45M | $78.51M | $92.38M | +44.9% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $78.59M | $62.57M | $80.05M | $67.96M | $71.09M | +25.6% |
| Operating revenue | $78.59M | $62.57M | $80.05M | $67.96M | $71.09M | +25.6% |
| Cost of revenue | $25.88M | $26.09M | $25.48M | $25.40M | $26.61M | -0.8% |
| Gross profit | $52.72M | $36.47M | $54.56M | $42.56M | $44.48M | +44.5% |
| Research & development | $9.15M | $7.99M | $6.32M | $9.62M | $9.12M | +14.6% |
| Selling, general & admin | $42.99M | $43.76M | $39.72M | $41.36M | $40.83M | -1.8% |
| Total operating expense | $52.14M | $51.75M | $46.04M | $50.98M | $49.94M | +0.8% |
| Operating income | $579.00K | -$15.27M | $8.52M | -$8.42M | -$5.46M | +103.8% |
| Net interest income | $1.21M | $1.22M | $1.28M | $1.20M | $1.38M | -0.2% |
| Pre-tax income | $1.88M | -$15.11M | $9.60M | -$8.16M | -$6.07M | +112.4% |
| Tax provision | $3.08M | -$2.60M | $2.91M | -$1.71M | -$862.00K | +218.5% |
| Net income | -$1.20M | -$12.51M | $6.68M | -$6.45M | -$5.21M | +90.4% |
| Net income to common | -$1.20M | -$12.51M | $6.68M | -$6.45M | -$5.21M | +90.4% |
| Basic EPS | -0.03 | -0.27 | 0.14 | -0.14 | -0.11 | +88.9% |
| Diluted EPS | -0.03 | -0.27 | 0.14 | -0.14 | -0.11 | +88.9% |
| EBIT | $579.00K | -$15.27M | $8.52M | -$8.42M | -$5.46M | +103.8% |
| EBITDA | $10.59M | -$5.29M | $18.30M | $2.04M | $6.40M | +300.3% |
| Basic shares | 46.11M | 47.12M | 46.60M | 45.93M | 47.19M | -2.2% |
| Diluted shares | 46.11M | 47.12M | 49.32M | 45.93M | 47.19M | -2.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $119.97M | $144.88M | $145.52M | $136.55M | $90.48M | -17.2% |
| Cash & short-term investments | $137.51M | $144.88M | $145.52M | $136.55M | $117.56M | -5.1% |
| Accounts receivable | $383.20M | $336.90M | $358.24M | $362.59M | $383.40M | +13.7% |
| Total current assets | $537.87M | $504.18M | $522.65M | $520.45M | $512.96M | +6.7% |
| Property, plant & equipment | $93.05M | $86.41M | $90.81M | $91.39M | $93.47M | +7.7% |
| Goodwill & intangibles | $31.49M | $31.89M | $32.28M | $32.68M | $33.07M | -1.2% |
| Total assets | $700.04M | $659.44M | $680.20M | $676.19M | $675.22M | +6.2% |
| Total current liabilities | $422.12M | $368.86M | $375.85M | $388.42M | $388.74M | +14.4% |
| Total debt | $40.64M | $42.38M | $43.86M | $44.59M | $45.25M | -4.1% |
| Total liabilities | $461.31M | $408.44M | $417.61M | $431.13M | $431.94M | +12.9% |
| Retained earnings | $121.21M | $122.41M | $134.92M | $128.24M | $134.69M | -1.0% |
| Shareholder equity | $238.73M | $251.00M | $262.59M | $245.06M | $243.28M | -4.9% |
| Working capital | $115.75M | $135.32M | $146.80M | $132.03M | $124.22M | -14.5% |
| Net tangible assets | $207.24M | $219.11M | $230.31M | $212.38M | $210.21M | -5.4% |
| Shares issued | 45.41M | 60.02M | 59.29M | 58.52M | 57.83M | -24.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$1.20M | -$12.51M | $6.68M | -$6.45M | -$5.21M | +90.4% |
| Depreciation & amortisation | $10.01M | $9.99M | $9.77M | $10.46M | $11.86M | +0.2% |
| Stock-based compensation | $8.35M | $8.49M | $9.37M | $9.51M | $9.80M | -1.7% |
| Change in working capital | $766.00K | $11.59M | -$6.59M | $20.38M | $1.36M | -93.4% |
| Operating cash flow | $20.21M | $17.30M | $18.16M | $32.37M | $14.90M | +16.9% |
| Capital expenditure | -$6.55M | -$6.59M | -$11.31M | -$9.59M | -$5.64M | +0.7% |
| Investing cash flow | -$24.48M | -$9.59M | -$11.31M | $17.51M | $9.94M | -155.2% |
| Share buybacks | -$22.00M | -$8.50M | $1.15M | -$4.00M | -$38.65M | -158.8% |
| Financing cash flow | -$20.58M | -$8.06M | $2.17M | -$3.71M | -$36.72M | -155.3% |
| Free cash flow | $13.66M | $10.71M | $6.85M | $22.79M | $9.27M | +27.6% |
| End cash position | $119.97M | $144.88M | $145.52M | $136.55M | $90.48M | -17.2% |
Options analytics
Put / call volume
1.65
Put-heavy session
Put / call open interest
0.00
Positioning, not flow
Max pain
2.50
-86.4% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
-6.2%
Calls bid over puts
Call volume
99
Contracts, this expiry
Put volume
163
Contracts, this expiry
Heaviest call OI
2.50
4 contracts
Heaviest put OI
5.00
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | -0.01 | 0.12 | +1,300.0% |
| Mar 2026 | -0.17 | -0.11 | +35.3% |
| Dec 2025 | 0.15 | 0.29 | +89.1% |
| Sep 2025 | -0.01 | 0.03 | +357.1% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.14 | 6 | $76.09M | +12.0% |
| Next quarter | 0.36 | 6 | $91.26M | +14.0% |
| Current year | 0.52 | 6 | $308.53M | +9.1% |
| Next year | 0.81 | 6 | $334.21M | +8.3% |
Analyst targets & ownership
Mean target$21.00
High target$24.00
Low target$18.00
Implied upside14.44%
Analyst count11
ConsensusBUY
Strong buy / Buy4 / 6
Hold3
Sell / Strong sell0 / 0
Held by insiders0.90%
Held by institutions82.52%
Institutions holding220
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
18.51
-0.86% from price
SMA 20
17.74
+3.45% from price
SMA 50
16.63
+10.33% from price
SMA 100
14.31
+28.28% from price
SMA 200
11.32
+62.15% from price
EMA 12
18.29
+0.34% from price
EMA 26
17.65
+3.99% from price
EMA 50
16.59
+10.58% from price
RSI (14)
58.8
Neutral
MACD (12,26,9)
0.64
Hist -0.01
ATR (14)
0.80
4.38% of price
Realised vol 30D
36.9%
Annualised
Bollinger upper
19.59
20, 2σ
Bollinger lower
15.88
20, 2σ
50 / 200 cross
Golden
16.63 vs 11.32
Trend bias
Above 200
+62.15%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
1.30
More volatile than market
Correlation to SPY
0.24
Largely independent
Realised vol 30D
36.9%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-42.8%
Peak to trough
Max drawdown 5Y
-84.3%
Peak to trough
ATR 14
0.80
4.38% of price
Beta (reported)
1.56
5Y monthly, from filing
Short interest
Shares short
2.44M
Prior 2.07M
Change vs prior
+17.8%
Shorts adding
% of float
6.63%
Normal
% of shares out
5.35%
Against total outstanding
Days to cover
4.0
Liquid
Float
33.54M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 24, 26 | Craig-Hallum | INITIATED | — | Buy |
| Sep 18, 26 | B. Riley Securities | MAINTAINED | Buy | Buy |
| Aug 11, 26 | Jefferies | MAINTAINED | Hold | Hold |
| Aug 11, 26 | Evercore ISI Group | MAINTAINED | Outperform | Outperform |
| Aug 7, 26 | Citizens | MAINTAINED | Market Outperform | Market Outperform |
| Aug 7, 26 | Scotiabank | UPGRADE | Sector Perform | Sector Outperform |
| Aug 7, 26 | Raymond James | UPGRADE | Market Perform | Outperform |
| Aug 7, 26 | Rosenblatt | MAINTAINED | Buy | Buy |
| May 8, 26 | RBC Capital | MAINTAINED | Outperform | Outperform |
| Apr 23, 26 | Rosenblatt | MAINTAINED | Buy | Buy |
| Mar 20, 26 | Rosenblatt | MAINTAINED | Buy | Buy |
| Feb 27, 26 | Rosenblatt | MAINTAINED | Buy | Buy |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-08-12
Periodic Financial Reports
10-Q · 2026-08-06
Corporate Changes & Voting Matters
8-K · 2026-06-03
Periodic Financial Reports
10-Q · 2026-05-07
Corporate Changes & Voting Matters
8-K · 2026-04-22
Proxy Statements
DEF 14A · 2026-04-15
Corporate Changes & Voting Matters
8-K · 2026-02-26
Periodic Financial Reports
10-Q · 2025-11-10
Headlines
PubMatic Selected by Sony Pictures as Preferred Advertising Partner for Live TV on PS5
MT Newswires · 17h ago
Sony Pictures Entertainment Names PubMatic Its Preferred Programmatic Advertising Partner
Business Wire · 18h ago
1 Cash-Heavy Stock to Own for Decades and 2 Facing Headwinds
StockStory · 6d ago
Strength Seen in PubMatic (PUBM): Can Its 6.3% Jump Turn into More Strength?
Zacks · 12d ago
Why Is PubMatic (PUBM) Stock Soaring Today
StockStory · 12d ago
PubMatic Shares Rise After Craig Hallum Initiates Coverage at Buy
MT Newswires · 12d ago
Craig Hallum Initiates Coverage on PubMatic With Buy Rating, $24 Price Target
MT Newswires · 13d ago
1 Momentum Stock on Our Buy List and 2 Facing Headwinds
StockStory · 13d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.