PubMatic (PUBM) Research & Development (2020 - 2026)
PubMatic (PUBM) recorded Research & Development of $9.15 million in Q2 2026, up 0.4% from $9.12 million a year earlier and up 14.6% from the prior quarter.
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Analysis
PubMatic (PUBM) Research & Development (2020 - 2026) Analysis & Trends
On a TTM basis, PubMatic's Research & Development came in at $33.07 million as of Jun 30, 2026, down 4.2% year-over-year; for FY2025, it was $33.82 million, up 1.7% from FY2024.
- Annual Research & Development has increased for five straight years, with a five-year compound annual growth rate of 22.5% (FY2020 to FY2025).
- Across earlier years, Research & Development came in at $33.26 million in FY2024 (+24.5%), $26.73 million in FY2023 (+28.2%), $20.85 million in FY2022 (+31.2%) and $15.89 million in FY2021 (+29.7%).
- Quarterly Research & Development has ranged from $4.14 million in Q3 2021 to $9.62 million in Q3 2025 over the past five years.
- On a year-over-year basis, Research & Development rose in six of the last eight quarters, with growth averaging 5.5%.
- Peak year-over-year performance for Research & Development in the last five years was growth of 42.7% in Q4 2022, against a decline of 19.3% in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $7.99 million (Q1 2026), $6.32 million (Q4 2025) and $9.62 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,164.76 Bn | 3,922.28 Bn | 73.85 Bn | 18.22 Bn |
| 2 | Meta Platforms | 1,823.40 Bn | 1,525.92 Bn | 49.47 Bn | 21.66 Bn |
| 3 | Netflix | 288.27 Bn | 248.47 Bn | 6.52 Bn | 1.01 Bn |
| 4 | Alibaba Group Holding | 252.72 Bn | 70.58 Bn | 15.11 Bn | -3.32 Bn |
| 5 | Shopify | 186.52 Bn | 163.71 Bn | 1.71 Bn | 445.00 Mn |
| 6 | Uber Technologies | 139.11 Bn | 111.09 Bn | 6.38 Bn | 1.04 Bn |
| 7 | Booking Holdings | 123.13 Bn | 56.18 Bn | - | - |
| 8 | PDD Holdings | 111.72 Bn | -140.21 Bn | 9.45 Bn | -673.00 Mn |
| 9 | AppLovin | 103.35 Bn | 93.38 Bn | 1.70 Bn | 99.90 Mn |
| 10 | PubMatic | 835.94 Mn | 271.49 Mn | 52.72 Mn | 9.15 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.15 Mn |
| Mar 31, 2026 | 7.99 Mn |
| Dec 31, 2025 | 6.32 Mn |
| Sep 30, 2025 | 9.62 Mn |
| Jun 30, 2025 | 9.12 Mn |
| Mar 31, 2025 | 8.77 Mn |
| Dec 31, 2024 | 7.83 Mn |
| Sep 30, 2024 | 8.81 Mn |
| Jun 30, 2024 | 8.66 Mn |
| Mar 31, 2024 | 7.96 Mn |
| Dec 31, 2023 | 6.85 Mn |
| Sep 30, 2023 | 6.63 Mn |
| Jun 30, 2023 | 6.73 Mn |
| Mar 31, 2023 | 6.52 Mn |
| Dec 31, 2022 | 5.92 Mn |
| Sep 30, 2022 | 5.08 Mn |
| Jun 30, 2022 | 5.08 Mn |
| Mar 31, 2022 | 4.77 Mn |
| Dec 31, 2021 | 4.15 Mn |
| Sep 30, 2021 | 4.14 Mn |
API Access
PubMatic Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=PUBM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "PUBM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=PUBM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();