PubMatic (PUBM) Operating Expenses (2020 - 2026)

PubMatic (PUBM) has 7 years of Operating Expenses data on file, last reported at $51.7 million in Q1 2026.

• Quarterly Operating Expenses rose 3.2% year-over-year to $51.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $198.7 million (up 4.78% YoY) and the FY2025 annual result came in at $197.1 million, up 5.8% from the prior year.
• Operating Expenses climbed to $51.7 million in Q1 2026 per PUBM's latest filing, from $46.0 million in the prior quarter.
• Across five years, Operating Expenses topped out at $51.7 million in Q1 2026 and bottomed at $32.0 million in Q1 2022.
• The 5-year median for Operating Expenses is $45.8 million (2024), against an average of $43.2 million.
• The widest annual swing landed in 2023, when Operating Expenses jumped 32.49%; it then gained 0.6% in 2025.
• Tracing PUBM's Operating Expenses over 5 years: stood at $34.8 million in 2022, then increased by 14.82% to $40.0 million in 2023, then rose by 14.47% to $45.8 million in 2024, then gained by 0.6% to $46.0 million in 2025, then gained by 12.39% to $51.7 million in 2026.
• Per Business Quant, the three latest PUBM Operating Expenses figures stand at $51.7 million (Q1 2026), $46.0 million (Q4 2025), and $51.0 million (Q3 2025).

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