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PubMatic, Inc.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18
   10-K10-K10-K10-K10-K
Revenues:  
    United States  156.1139.096.977.3 
    EMEA  71.962.534.223.6 
    APAC  24.820.915.111.0 
    Rest of the world  3.64.42.61.9 
Total revenues  256.4226.9148.7113.90.0
            Revenue growth   [+]13.0%52.5%30.6%  
Cost of goods sold  81.558.341.236.10.0
Gross profit  174.9168.6107.677.80.0
            Gross margin  68.2%74.3%72.3%68.3% 
Selling, general and administrative   [+]113.593.963.656.82.8
Research and development  20.815.912.312.50.6
Other operating expenses      -3.4
EBITDA   [+]74.881.947.521.212.3
            EBITDA margin  29.2%36.1%31.9%18.6% 
Depreciation  33.623.115.712.712.3
EBITA  41.158.831.88.50.0
            EBITA margin  16.0%25.9%21.3%7.5% 
Amortization of intangibles  0.6    
EBIT   [+]40.558.831.88.50.0
            EBIT margin  15.8%25.9%21.3%7.5% 
Interest income  2.20.30.51.3 
Other income (expense), net  -5.35.7-0.7-0.6 
Pre-tax income  37.564.831.69.20.0
Income taxes  8.88.25.02.60.0
            Tax rate  23.4%12.7%15.7%28.0% 
Net income  28.756.626.66.60.0
            Net margin  11.2%24.9%17.9%5.8% 
   
Basic EPS   [+]$0.55$1.13$2.11$0.66 
Diluted EPS   [+]$0.50$1.00$1.55$0.55 
   
Shares outstanding (basic)   [+]52.350.212.610.0 
Shares outstanding (diluted)   [+]56.956.617.112.2 
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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