PubMatic (PUBM) Research & Development (2020 - 2026)
PubMatic (PUBM) reported Research & Development of $8.0 million for Q1 2026, down 8.96% year-over-year from $8.8 million in Q1 2025, and up 26.44% on a QoQ basis from $6.3 million in Q4 2025.
PubMatic (PUBM) has 7 years of Research & Development data on file, last reported at $8.0 million in Q1 2026.
- Quarterly Research & Development fell 8.96% year-over-year to $8.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $33.0 million (down 3.06% YoY) and the FY2025 annual result came in at $33.8 million, up 1.67% from the prior year.
- Research & Development improved to $8.0 million in Q1 2026 per PUBM's latest filing, from $6.3 million in the prior quarter.
- Across five years, Research & Development topped out at $9.6 million in Q3 2025 and bottomed at $4.8 million in Q1 2022.
- The 5-year median for Research & Development is $6.8 million (2023), against an average of $7.2 million.
- The widest annual swing landed in 2022, when Research & Development surged 42.71%; it then retreated 19.35% in 2025.
- Tracing PUBM's Research & Development over 5 years: stood at $5.9 million in 2022, then grew by 15.68% to $6.8 million in 2023, then climbed by 14.39% to $7.8 million in 2024, then dropped by 19.35% to $6.3 million in 2025, then increased by 26.44% to $8.0 million in 2026.
- Per Business Quant, the three latest PUBM Research & Development figures stand at $8.0 million (Q1 2026), $6.3 million (Q4 2025), and $9.6 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | -1.99 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 1.62 Bn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 951.00 Mn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 437.00 Mn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 823.00 Mn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 508.44 Mn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 1.11 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 253.90 Mn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 840.00 Mn |
| 10 | PubMatic | 488.16 Mn | 343.29 Mn | 36.47 Mn | 7.99 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 3.86 Mn |
| Mar 31, 2021 | 3.74 Mn |
| Dec 31, 2020 | 2.97 Mn |
| Sep 30, 2020 | 3.39 Mn |
| Jun 30, 2020 | 2.97 Mn |
| Mar 31, 2020 | 2.92 Mn |