PubMatic (PUBM) Research & Development (2020 - 2026)
PubMatic (PUBM) posted quarterly Research & Development of $29.0 million for Q1 2026, up 8.08% year-over-year from $26.8 million in Q1 2025, and up 165.96% quarter-over-quarter from -$43.9 million in Q4 2025.
PubMatic (PUBM) Research & Development (2020 - 2026) Analysis & Trends
PubMatic (PUBM) has reported Research & Development for 7 consecutive years, with $29.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development rose 8.08% year-over-year to $29.0 million; the TTM figure through Mar 2026 stood at $3.8 million (down 97.06% YoY), while the FY2025 annual figure was $33.8 million, down 64.54% from the prior year.
- Research & Development climbed to $29.0 million in Q1 2026 per PUBM's latest filing, from -$43.9 million in the prior quarter.
- Across five years, Research & Development topped out at $69.9 million in Q4 2024 and bottomed at -$43.9 million in Q4 2025.
- Historically, Research & Development has averaged $11.3 million across 5 years, with a median of $16.5 million in 2022.
- Annual changes were most pronounced in 2022 — Research & Development jumped 340.24% — and 2025, when it tumbled 162.79%.
- PubMatic's Research & Development stood at -$29.9 million in 2022, then declined by 19.44% to -$35.7 million in 2023, then soared by 295.78% to $69.9 million in 2024, then sank by 162.79% to -$43.9 million in 2025, then surged by 165.96% to $29.0 million in 2026.
- Business Quant data shows PUBM's Research & Development at $29.0 million in Q1 2026, -$43.9 million in Q4 2025, and $9.6 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -4.12 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 498.00 Mn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 3.77 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 1.52 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 1.37 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 588.95 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 265.90 Mn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 1.88 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 1.79 Bn |
| 10 | PubMatic | 798.71 Mn | 661.20 Mn | 52.72 Mn | 26.13 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 26.13 Mn |
| Mar 31, 2026 | 28.97 Mn |
| Dec 31, 2025 | -43.91 Mn |
| Sep 30, 2025 | 9.62 Mn |
| Jun 30, 2025 | 9.12 Mn |
| Mar 31, 2025 | 26.80 Mn |
| Dec 31, 2024 | 69.94 Mn |
| Sep 30, 2024 | 8.81 Mn |
| Jun 30, 2024 | 23.10 Mn |
| Mar 31, 2024 | 24.82 Mn |
| Dec 31, 2023 | -35.72 Mn |
| Sep 30, 2023 | 19.51 Mn |
| Jun 30, 2023 | 19.81 Mn |
| Mar 31, 2023 | 23.13 Mn |
| Dec 31, 2022 | -29.91 Mn |
| Sep 30, 2022 | 16.09 Mn |
| Jun 30, 2022 | 5.08 Mn |
| Mar 31, 2022 | 16.46 Mn |
| Dec 31, 2021 | -25.91 Mn |
| Sep 30, 2021 | 15.00 Mn |