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.

• On a quarterly basis, Operating Expenses rose 3.2% year-over-year to $51.7 million in Q1 2026; TTM through Mar 2026 was $198.7 million, a 4.78% increase from a year earlier, with the FY2025 full-year figure at $197.1 million, up 5.8% from the prior year.
• Operating Expenses for Q1 2026 stood at $51.7 million, up from $46.0 million in the prior quarter.
• Over the last five years, Operating Expenses for PUBM reached as high as $51.7 million in Q1 2026 and fell as low as $32.0 million in Q1 2022.
• Historically, Operating Expenses has averaged $43.2 million across 5 years, with a median of $45.8 million in 2024.
• Across the five-year window, Operating Expenses jumped 32.49% in 2023 and gained 0.6% in 2025, its largest moves.
• Year by year, Operating Expenses stood at $34.8 million in 2022, then grew by 14.82% to $40.0 million in 2023, then increased by 14.47% to $45.8 million in 2024, then rose by 0.6% to $46.0 million in 2025, then rose by 12.39% to $51.7 million in 2026.
• Per Business Quant data, the three most recent Operating Expenses figures were $51.7 million in Q1 2026, $46.0 million in Q4 2025, and $51.0 million in Q3 2025.