PubMatic Q2 FY26: Revenue +10.5% to $78.6M, net loss narrows 77% to -$1.2M

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 11, 2025 · ~2 min read

Key Changes

• high

  Operating income swung positive to $579K from a $5.5M loss in Q2 FY25, driven by revenue growth and cost discipline; gross margin expanded 400 bp to 67%.

  MD&A: Operating Results verify on EDGAR →
• high

  Net loss narrowed 77% to $1.2M (-$0.03 diluted EPS) from $5.2M in Q2 FY25, reflecting the operating-income swing and improved below-the-line results.

  MD&A: Net Income verify on EDGAR →
• high

  Net dollar-based retention rate declined to 98% (trailing twelve months ended June 30, 2026) from 102% in the prior year, indicating net contraction in the publisher base.

  MD&A: Retention Metrics verify on EDGAR →