PUBM (PUBM) financial statements
PUBM reported revenue of $283M in fiscal 2025, up 16.4% a year over 6 years.
Net income was -$14M and the operating margin -6.1%, against 7.5% in 2019.
Free cash flow was $46M, and the company returned $46M in net buybacks.
The diluted share count rose 286% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from PUBM's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $114M | $149M | $227M | $256M | $267M | $291M | $283M |
| Cost of revenue | $36M | $41M | $58M | $82M | $99M | $101M | $103M |
| Gross profit | $78M | $108M | $169M | $175M | $168M | $190M | $180M |
| Research and development | $12M | $12M | $16M | $21M | $27M | $33M | $34M |
| Selling, general and admin | $57M | $64M | $94M | $114M | $139M | $153M | $163M |
| Operating income | $9M | $32M | $59M | $41M | $2M | $4M | -$17M |
| Pre-tax income | $9M | $32M | $65M | $37M | $11M | $18M | -$16M |
| Income tax | $3M | $5M | $8M | $9M | $2M | $5M | -$1M |
| Net income | $7M | $27M | $57M | $29M | $9M | $13M | -$14M |
| EPS (diluted) | $0.04 | $0.46 | $1.00 | $0.50 | $0.16 | $0.23 | -$0.31 |
| Diluted shares | 12M | 17M | 57M | 57M | 56M | 54M | 47M |
| Gross margin | 68.3% | 72.3% | 74.3% | 68.2% | 62.8% | 65.3% | 63.6% |
| Operating margin | 7.5% | 21.3% | 25.9% | 15.8% | 0.8% | 1.3% | -6.1% |
| Net margin | 5.8% | 17.9% | 24.9% | 11.2% | 3.3% | 4.3% | -5.1% |
Balance sheet
Fiscal years, from PUBM's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $34M | $101M | $160M | $174M | $175M | $141M | $146M |
| Receivables | — | $220M | $287M | $314M | $375M | $425M | $358M |
| Total current assets | — | $327M | $461M | $503M | $562M | $576M | $523M |
| Property, plant and equipment | — | $30M | $50M | $71M | $61M | $59M | $53M |
| Goodwill | — | $6M | $6M | $30M | $30M | $30M | $30M |
| Total assets | — | $371M | $550M | $642M | $695M | $740M | $680M |
| Total current liabilities | — | $192M | $267M | $302M | $380M | $419M | $376M |
| Total liabilities | — | $196M | $293M | $330M | $399M | $462M | $418M |
| Shareholders' equity | $13M | $175M | $257M | $312M | $296M | $277M | $263M |
| Net debt | -$34M | -$81M | -$83M | -$92M | -$79M | -$100M | -$146M |
Cash flow
Fiscal years, from PUBM's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $35M | $24M | $89M | $87M | $81M | $73M | $81M |
| Capital spending | $15M | $31M | $39M | $49M | $28M | $39M | $35M |
| Free cash flow | $20M | -$7M | $49M | $38M | $53M | $35M | $46M |
| Stock-based compensation | $2M | $4M | $14M | $21M | $29M | $38M | $38M |
| Share buybacks (net) | -$5,000 | -$3,000 | -$52,000 | $0 | -$59M | -$75M | -$46M |
| Free cash flow margin | 17.7% | -4.8% | 21.7% | 14.9% | 19.8% | 12.0% | 16.3% |
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Open PUBM in InvestinglyQuestions
What was PUBM's revenue in 2025?
$283M in fiscal 2025, from its 10-K filing.
How much free cash flow does PUBM generate?
$46M in fiscal 2025 (operating cash flow minus capital spending).
From PUBM's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.