PubMatic (PUBM) Research & Development (2020 - 2026)

PubMatic (PUBM) has 7 years of Research & Development data on file, last reported at $29.0 million in Q1 2026.

• On a quarterly basis, Research & Development rose 8.08% year-over-year to $29.0 million in Q1 2026; TTM through Mar 2026 was $3.8 million, a 97.06% decrease from a year earlier, with the FY2025 full-year figure at $33.8 million, down 64.54% from the prior year.
• Research & Development for Q1 2026 stood at $29.0 million, up from -$43.9 million in the prior quarter.
• Over the last five years, Research & Development for PUBM reached as high as $69.9 million in Q4 2024 and fell as low as -$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.
• Across the five-year window, Research & Development surged 340.24% in 2022 and sank 162.79% in 2025, its largest moves.
• Year by year, Research & Development stood at -$29.9 million in 2022, then retreated by 19.44% to -$35.7 million in 2023, then surged by 295.78% to $69.9 million in 2024, then sank by 162.79% to -$43.9 million in 2025, then jumped by 165.96% to $29.0 million in 2026.
• Per Business Quant data, the three most recent Research & Development figures were $29.0 million in Q1 2026, -$43.9 million in Q4 2025, and $9.6 million in Q3 2025.