---
schema_version: "secwatch.filing_event.v1"
accession: "0001422930-26-000008"
form_type: "8-K"
ticker: "PUBM"
cik: "0001422930"
company_name: "PubMatic, Inc."
filed_at: "2026-02-26T23:59:59+00:00"
generated_at: "2026-05-15T23:30:33.131893+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# PubMatic reports FY 2025 revenue $282.9M, net loss $14.5M; CTV revenue up 50%+

## Summary
- Full-year 2025 revenue $282.9M (down from $291.3M); GAAP net loss $(14.5)M vs income $12.5M in 2024.
- Q4 2025 revenue $80.0M (down from $85.5M); GAAP net income $6.7M vs $13.9M in prior-year Q4.
- Adjusted EBITDA FY 2025 $61.6M (22% margin) vs $92.3M (32% margin) in 2024.
- CTV revenue (ex-political) grew 50%+ over 2024; AgenticOS platform drove 250+ agentic deals.
- Repurchased 4.1M shares in 2025 (8.1% of fully diluted shares); $93.9M remaining buyback authority.

## SEC filing metadata
- accession: 0001422930-26-000008
- form_type: 8-K
- ticker: PUBM
- cik: 0001422930
- company_name: PubMatic, Inc.
- filed_at: 2026-02-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1422930/000142293026000008/0001422930-26-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1422930/000142293026000008/pubm-20260226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001422930-26-000008
- JSON: https://secwatch.observer/filing/0001422930-26-000008.json
- Plain text: https://secwatch.observer/filing/0001422930-26-000008.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.