PubMatic (PUBM) Change in Receivables (2020 - 2026)

PubMatic's (PUBM) quarterly Change in Receivables came in at -$21.3 million in Q1 2026, up 71.81% year-on-year from -$12.4 million in Q1 2025, and down 390.35% on a QoQ basis from -$4.4 million in Q4 2025.

PubMatic (PUBM) Change in Receivables (2020 - 2026) Analysis & Trends

PubMatic (PUBM) has 7 years of Change in Receivables data on file, last reported at -$21.3 million in Q1 2026.

  • On a quarterly basis, Change in Receivables rose 71.81% year-over-year to -$21.3 million in Q1 2026; TTM through Mar 2026 was -$12.2 million, a 126.65% decrease from a year earlier, with the FY2025 full-year figure at -$66.6 million, down 234.92% from the prior year.
  • Change in Receivables for Q1 2026 stood at -$21.3 million, down from -$4.4 million in the prior quarter.
  • Over the last five years, Change in Receivables for PUBM reached as high as $84.1 million in Q4 2023 and fell as low as -$75.7 million in Q1 2025.
  • Historically, Change in Receivables has averaged $3.6 million across 5 years, with a median of $19.5 million in 2023.
  • Across the five-year window, Change in Receivables surged 223.54% in 2023 and tumbled 182.57% in 2025, its largest moves.
  • Year by year, Change in Receivables stood at $37.0 million in 2022, then surged by 127.04% to $84.1 million in 2023, then slumped by 42.89% to $48.0 million in 2024, then plunged by 109.06% to -$4.4 million in 2025, then plunged by 390.35% to -$21.3 million in 2026.
  • Per Business Quant data, the three most recent Change in Receivables figures were -$21.3 million in Q1 2026, -$4.4 million in Q4 2025, and -$20.8 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Receivables (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn -2.11 Bn
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn -
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 74.00 Mn
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn -9.43 Bn
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 441.00 Mn
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 179.30 Mn
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn -747.22 Mn
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 18.55 Mn
10 PubMatic 579.58 Mn 434.70 Mn 36.47 Mn -21.34 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -21.34 Mn
Mar 31, 2026 -21.34 Mn
Dec 31, 2025 -4.35 Mn
Dec 31, 2025 -4.35 Mn
Sep 30, 2025 -20.81 Mn
Sep 30, 2025 -20.81 Mn
Jun 30, 2025 34.28 Mn
Jun 30, 2025 34.28 Mn
Mar 31, 2025 -75.69 Mn
Mar 31, 2025 -75.69 Mn
Dec 31, 2024 48.02 Mn
Dec 31, 2024 48.02 Mn
Sep 30, 2024 25.20 Mn
Sep 30, 2024 25.20 Mn
Jun 30, 2024 48.30 Mn
Jun 30, 2024 48.30 Mn
Mar 31, 2024 -72.18 Mn
Mar 31, 2024 -72.18 Mn
Dec 31, 2023 84.08 Mn
Dec 31, 2023 84.08 Mn