2022 Q4 Form 10-K Financial Statement

#000142293023000008 Filed on February 28, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021
Revenue $74.30M $256.4M $226.9M
YoY Change -1.67% 12.99% 52.55%
Cost Of Revenue $22.96M $81.51M $58.31M
YoY Change 35.79% 39.78% 41.58%
Gross Profit $51.34M $174.9M $168.6M
YoY Change -12.46% 3.72% 56.74%
Gross Profit Margin 69.1% 68.21% 74.3%
Selling, General & Admin $28.90M $113.5M $93.92M
YoY Change 8.9% 20.85% 47.77%
% of Gross Profit 56.29% 64.91% 55.71%
Research & Development $5.918M $20.85M $15.89M
YoY Change 42.71% 31.23% 29.67%
% of Gross Profit 11.53% 11.92% 9.42%
Depreciation & Amortization $10.66M $23.60M $15.70M
YoY Change 50.57% 50.32% 60.2%
% of Gross Profit 20.77% 13.5% 9.31%
Operating Expenses $34.82M $134.3M $109.8M
YoY Change 13.47% 22.35% 44.85%
Operating Profit $16.52M $40.52M $58.79M
YoY Change -40.92% -31.08% 85.13%
Interest Expense -$4.434M -$4.434M $5.633M
YoY Change -169.01% -178.71% -9041.27%
% of Operating Profit -26.84% -10.94% 9.58%
Other Income/Expense, Net $292.0K -$3.053M $6.014M
YoY Change -145.06% -150.76% -3536.57%
Pretax Income $16.82M $37.47M $64.80M
YoY Change -50.17% -42.18% 105.2%
Income Tax $4.034M $8.762M $8.199M
% Of Pretax Income 23.99% 23.39% 12.65%
Net Earnings $12.78M $28.71M $56.60M
YoY Change -54.74% -49.29% 112.69%
Net Earnings / Revenue 17.2% 11.2% 24.95%
Basic Earnings Per Share $0.55 $1.13
Diluted Earnings Per Share $0.22 $0.50 $1.00
COMMON SHARES
Basic Shares Outstanding 52.28M shares 50.18M shares
Diluted Shares Outstanding 56.91M shares 56.63M shares

Balance Sheet

Concept 2022 Q4 2022 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $174.4M $174.4M $159.6M
YoY Change 9.25% 9.25% 58.08%
Cash & Equivalents $92.38M $92.38M $82.51M
Short-Term Investments $82.01M $82.01M $77.12M
Other Short-Term Assets $14.78M $14.78M $14.21M
YoY Change 4.06% 4.06% 114.54%
Inventory
Prepaid Expenses
Receivables $314.3M $314.3M $286.9M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $503.5M $503.5M $460.7M
YoY Change 9.27% 9.27% 40.85%
LONG-TERM ASSETS
Property, Plant & Equipment $71.16M $97.36M $71.75M
YoY Change 41.91% 35.69% 138.83%
Goodwill $29.58M
YoY Change 373.23%
Intangibles $8.299M
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.412M $3.459M $11.46M
YoY Change -77.97% -69.82% 46.25%
Total Long-Term Assets $138.7M $138.7M $89.47M
YoY Change 55.03% 55.03% 102.72%
TOTAL ASSETS
Total Short-Term Assets $503.5M $503.5M $460.7M
Total Long-Term Assets $138.7M $138.7M $89.47M
Total Assets $642.2M $642.2M $550.2M
YoY Change 16.71% 16.71% 48.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $277.4M $277.4M $235.4M
YoY Change 13.54% 17.83% 39.58%
Accrued Expenses $18.94M $24.61M $22.53M
YoY Change 0.83% 9.27% 51.74%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $125.0K $119.0K
YoY Change 5.04%
Total Short-Term Liabilities $302.0M $302.0M $267.0M
YoY Change 13.13% 13.13% 39.35%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $616.0K $741.0K
YoY Change -16.87%
Other Long-Term Liabilities $6.473M $27.39M $19.26M
YoY Change 199.54% 42.19% 617.93%
Total Long-Term Liabilities $6.473M $27.39M $20.00M
YoY Change 199.54% 36.92% 645.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $302.0M $302.0M $267.0M
Total Long-Term Liabilities $6.473M $27.39M $20.00M
Total Liabilities $330.0M $330.0M $293.0M
YoY Change 12.61% 12.61% 49.65%
SHAREHOLDERS EQUITY
Retained Earnings $128.0M
YoY Change 28.91%
Common Stock $6.000K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $11.49M
YoY Change 0.0%
Treasury Stock Shares 3.140M shares
Shareholders Equity $312.2M $312.2M $257.2M
YoY Change
Total Liabilities & Shareholders Equity $642.2M $642.2M $550.2M
YoY Change 16.71% 16.71% 48.21%

Cashflow Statement

Concept 2022 Q4 2022 2021
OPERATING ACTIVITIES
Net Income $12.78M $28.71M $56.60M
YoY Change -54.74% -49.29% 112.69%
Depreciation, Depletion And Amortization $10.66M $23.60M $15.70M
YoY Change 50.57% 50.32% 60.2%
Cash From Operating Activities $19.36M $87.21M $88.68M
YoY Change -32.03% -1.66% 264.49%
INVESTING ACTIVITIES
Capital Expenditures $12.34M $35.87M $30.43M
YoY Change -226.38% 17.87% 25.87%
Acquisitions $28.09M $0.00
YoY Change
Other Investing Activities $32.52M -$32.48M -$57.36M
YoY Change -208.97% -43.38% -3858.98%
Cash From Investing Activities $20.19M -$81.37M -$96.72M
YoY Change -150.97% -15.87% 223.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $52.00K
YoY Change -100.0% 1633.33%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 662.0K $4.036M $9.359M
YoY Change -84.44% -56.88% -82.17%
NET CHANGE
Cash From Operating Activities 19.36M $87.21M $88.68M
Cash From Investing Activities 20.19M -$81.37M -$96.72M
Cash From Financing Activities 662.0K $4.036M $9.359M
Net Change In Cash 40.21M $9.877M $1.317M
YoY Change -685.14% 649.96% -97.19%
FREE CASH FLOW
Cash From Operating Activities $19.36M $87.21M $88.68M
Capital Expenditures $12.34M $35.87M $30.43M
Free Cash Flow $7.023M $51.34M $58.25M
YoY Change -81.63% -11.86% 37971.24%

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CY2022 us-gaap Nature Of Operations
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Organization and Description of BusinessPubMatic, Inc. (together with its subsidiaries, the “Company” or “PubMatic”) was founded in 2006. The Company has offices in California, New York, Europe, Asia, and Australia. The Company provides a specialized cloud infrastructure platform that enables real-time programmatic advertising transactions. The purpose-built technology and infrastructure provides superior outcomes for both publishers and advertisers leveraging an efficient design, machine learning, and data processing capabilities, with customer alignment and global omnichannel reach.
CY2022 us-gaap Use Of Estimates
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<div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenue and expenses.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Significant items subject to such estimates include: revenue recognition criteria, including the determination of revenue reporting as net versus gross in the Company’s revenue arrangements, internal use software development costs, stock-based compensation, acquisition-related intangible assets, and income taxes, including the valuation reserve on deferred tax assets. The Company evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors and adjusts those estimates and assumptions when facts and circumstances dictate. Actual results could materially differ from those estimates and assumptions. </span></div>Due to the inherent uncertainty involved in making assumptions and estimates, events and changes in circumstances arising after December 31, 2022, including those resulting from the impacts of the COVID-19 pandemic and macroeconomic factors, may result in actual outcomes that differ from those contemplated by the Company’s assumptions and estimates.
CY2022 us-gaap Concentration Risk Credit Risk
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<div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit Risk</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash and cash equivalents, marketable securities, and accounts receivable. The Company maintains its cash and cash equivalents with financial institutions in amounts which exceed Federal Deposit Insurance Corporation limits.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s investment policy limits investments to certain types of securities issued by the U.S. government and its agencies and institutions with investment-grade credit ratings and places restrictions on maturities and concentration by type and issuer. The primary objective of its investment activities is to preserve principal while maximizing income without significantly increasing risk.</span></div>
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FinanceLeaseRightOfUseAssetAmortization
14000 usd
CY2021Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
8881000 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
277414000 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
244321000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
14587000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
17271000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4349000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1509000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
18936000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
18780000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
6876000 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
18000 usd
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2000 usd
CY2022 us-gaap Lease Cost
LeaseCost
7068000 usd
CY2021 us-gaap Lease Cost
LeaseCost
2120000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
5015000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
2283000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10424000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
20887000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
869000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
26206000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
21613000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5676000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3864000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
20915000 usd
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
17842000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
26591000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
21706000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
869000 usd
CY2021Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
869000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
188000 usd
CY2021Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
14000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
681000 usd
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
855000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
125000 usd
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
119000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
616000 usd
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
741000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
741000 usd
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
860000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y7M6D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P5Y3M18D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P6Y3M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0322
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0220
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0224
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0224
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
6440000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
140000 usd
CY2022Q4 pubm Lessee Operating And Finance Lease Liability To Be Paid Year One
LesseeOperatingAndFinanceLeaseLiabilityToBePaidYearOne
6580000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
6499000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
145000 usd
CY2022Q4 pubm Lessee Operating And Finance Lease Liability To Be Paid Year Two
LesseeOperatingAndFinanceLeaseLiabilityToBePaidYearTwo
6644000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5129000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
149000 usd
CY2022Q4 pubm Lessee Operating And Finance Lease Liability To Be Paid Year Three
LesseeOperatingAndFinanceLeaseLiabilityToBePaidYearThree
5278000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
5347000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
153000 usd
CY2022Q4 pubm Lessee Operating And Finance Lease Liability To Be Paid Year Four
LesseeOperatingAndFinanceLeaseLiabilityToBePaidYearFour
5500000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4256000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
158000 usd
CY2022Q4 pubm Lessee Operating And Finance Lease Liability To Be Paid Year Five
LesseeOperatingAndFinanceLeaseLiabilityToBePaidYearFive
4414000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
980000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
41000 usd
CY2022Q4 pubm Lessee Operating And Finance Lease Liability To Be Paid After Year Five
LesseeOperatingAndFinanceLeaseLiabilityToBePaidAfterYearFive
1021000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
28651000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
786000 usd
CY2022Q4 pubm Lessee Operating And Finance Lease Liability To Be Paid
LesseeOperatingAndFinanceLeaseLiabilityToBePaid
29437000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2060000 usd
CY2022Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
45000 usd
CY2022Q4 pubm Lessee Operating And Finance Lease Liability Undiscounted Excess Amount
LesseeOperatingAndFinanceLeaseLiabilityUndiscountedExcessAmount
2105000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
26591000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
741000 usd
CY2022Q4 pubm Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
27332000 usd
CY2020Q4 us-gaap Goodwill
Goodwill
6250000 usd
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
23327000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
29577000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
8900000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
601000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
8299000 usd
CY2022 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P4Y5M8D
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
600000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2080000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1936000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1580000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1580000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1123000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
8299000 usd
CY2022Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
19698000 usd
CY2022Q4 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
15798000 usd
CY2022Q4 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
5584000 usd
CY2022Q4 us-gaap Contractual Obligation
ContractualObligation
41080000 usd
CY2022Q4 pubm Number Of Debt Instruments
NumberOfDebtInstruments
2 instrument
CY2022Q4 pubm Number Of Debt Instruments
NumberOfDebtInstruments
2 instrument
CY2022Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
7280745 shares
CY2022 pubm Share Based Compensation Arrangement Automatic Annual Increase Term
ShareBasedCompensationArrangementAutomaticAnnualIncreaseTerm
10 calendaryear
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Discount From Market Price Purchase Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPricePurchaseDate
0.05
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6542351 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.08
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y11M12D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
184727000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
450153 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
26.05
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
358418 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
3.33
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
148070 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
15.07
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
9777 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
34.40
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6476239 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.38
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y1M6D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
55516000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
5089579 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
4.93
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y6M29D
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
48635000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
6400000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
80700000 usd
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
15700000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
13.70
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
20.30
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.96
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Nonvested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueNonvested
17025000 usd
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Nonvested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueNonvested
20264000 usd
CY2022 pubm Share Based Compensation Arrangement Automatic Annual Increase Term
ShareBasedCompensationArrangementAutomaticAnnualIncreaseTerm
10 calendaryear
CY2022Q4 pubm Share Based Compensation Arrangement By Share Based Payment Award Amount Withheld For Employee Stock Purchase Plan
ShareBasedCompensationArrangementByShareBasedPaymentAwardAmountWithheldForEmployeeStockPurchasePlan
100000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
20646000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14107000 usd
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3563000 usd
CY2022 pubm Share Based Payment Arrangement Tax Benefit
ShareBasedPaymentArrangementTaxBenefit
3537000 usd
CY2021 pubm Share Based Payment Arrangement Tax Benefit
ShareBasedPaymentArrangementTaxBenefit
1825000 usd
CY2020 pubm Share Based Payment Arrangement Tax Benefit
ShareBasedPaymentArrangementTaxBenefit
493000 usd
CY2022 pubm Share Based Payment Arrangement Expense Net
ShareBasedPaymentArrangementExpenseNet
17109000 usd
CY2021 pubm Share Based Payment Arrangement Expense Net
ShareBasedPaymentArrangementExpenseNet
12282000 usd
CY2020 pubm Share Based Payment Arrangement Expense Net
ShareBasedPaymentArrangementExpenseNet
3070000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
28705000 usd
CY2020 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
7929000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
56604000 usd
CY2020 us-gaap Net Income Loss
NetIncomeLoss
26613000 usd
CY2022 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2021 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2020 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
20187000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
28705000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
56604000 usd
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6426000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52278009 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50184455 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12642293 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.55
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.13
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.51
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
28705000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
56604000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52278009 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50184455 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12642293 shares
CY2022 pubm Incremental Common Shares Attributable To Dilutive Effect Of Call Options
IncrementalCommonSharesAttributableToDilutiveEffectOfCallOptions
4605927 shares
CY2021 pubm Incremental Common Shares Attributable To Dilutive Effect Of Call Options
IncrementalCommonSharesAttributableToDilutiveEffectOfCallOptions
6353779 shares
CY2020 pubm Incremental Common Shares Attributable To Dilutive Effect Of Call Options
IncrementalCommonSharesAttributableToDilutiveEffectOfCallOptions
4483589 shares
CY2022 pubm Incremental Common Shares Attributable To Restricted Stock
IncrementalCommonSharesAttributableToRestrictedStock
12647 shares
CY2021 pubm Incremental Common Shares Attributable To Restricted Stock
IncrementalCommonSharesAttributableToRestrictedStock
29662 shares
CY2020 pubm Incremental Common Shares Attributable To Restricted Stock
IncrementalCommonSharesAttributableToRestrictedStock
0 shares
CY2022 pubm Incremental Common Shares Attributable To Employee Stock Purchase Plan Shares
IncrementalCommonSharesAttributableToEmployeeStockPurchasePlanShares
11614 shares
CY2021 pubm Incremental Common Shares Attributable To Employee Stock Purchase Plan Shares
IncrementalCommonSharesAttributableToEmployeeStockPurchasePlanShares
60678 shares
CY2020 pubm Incremental Common Shares Attributable To Employee Stock Purchase Plan Shares
IncrementalCommonSharesAttributableToEmployeeStockPurchasePlanShares
0 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56908197 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56628574 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17125882 shares
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.50
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.00
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.46
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2253788 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
671244 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
846481 shares
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
32945000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
61822000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
28169000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
4522000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
2981000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
3411000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
37467000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
64803000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
31580000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
11379000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
2437000 usd
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
360000 usd
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Files In Submission

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