Quick Answer
PubMatic, Inc. reported R&D Expense of $33.82 million for fiscal year 2025.
PubMatic, Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $33.82M | +1.7% |
| 2024 | $33.26M | +24.5% |
| 2023 | $26.73M | +28.2% |
| 2022 | $20.85M | +31.2% |
| 2021 | $15.88M | +29.7% |
| 2020 | $12.25M | -1.6% |
| 2019 | $12.45M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $9.62M | +9.1% | +5.5% |
| June 30, 2025 | $9.12M | +5.3% | +3.9% |
| March 31, 2025 | $8.77M | +10.2% | -0.5% |
| September 30, 2024 | $8.81M | +32.8% | +1.8% |
| June 30, 2024 | $8.66M | +28.7% | +8.8% |
| March 31, 2024 | $7.96M | +22.1% | +20.0% |
| September 30, 2023 | $6.63M | +30.6% | -1.4% |
| June 30, 2023 | $6.73M | +32.6% | +3.3% |
- PubMatic, Inc. showed an increase of +1.7% in R&D Expense compared to the prior fiscal year.
- Over the 2019–2025 period, PubMatic, Inc.’s r&d expense has grown by 171.6% (from $12.45 million to $33.82 million).
- The most recent figure is from PubMatic, Inc.’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 26, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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