secwatch.observer — SEC 8-K summary
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Issuer:     PubMatic, Inc. (PUBM)
CIK:        0001422930
Form:       8-K
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0001422930-26-000008
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1422930/000142293026000008/0001422930-26-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1422930/000142293026000008/pubm-20260226.htm
  HTML page:      https://secwatch.observer/filing/0001422930-26-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer