Company / Gross Margin
PubMatic, Inc. Gross Margin History
FY2021-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
62.8%
FY2025
5-year range
62.8% / 74.3%
FY2021-FY2025
Trend
-7.9%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Declined from 74.3% to 62.8% over the past 2 years.
Based on SEC 10-K filings.
62.8% in FY2025 with a 3-year CAGR of -9.5%.
Declined from 74.3% to 62.8% over the past 2 years.
Gross Margin over time
Growth rates
- 3-Year Change
- -9.5pp
- 5-Year Change
- -
- 10-Year Change
- -
Key checks
Key Insights
- In FY2025, gross margin decreased 7.9% year-over-year.
- Peak gross margin was recorded in FY2023.
Company context
Key Data Points
- Altman Z-Score 0.84 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 62.8% | -7.9% |
| FY2024 | 68.2% | -8.2% |
| FY2023 | 74.3% | +2.8% |
| FY2022 | 72.3% | +5.9% |
| FY2021 | 68.3% | - |
As of FY2025 · SEC 10-K · Updated Jun 28, 2026