Liveramp Financials
This page shows Liveramp (RAMP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Liveramp has an operating margin of 0.7%, meaning the company retains $1 of operating profit per $100 of revenue. This below-average margin results in a low score of 4/100, suggesting thin profitability after operating expenses. This is down from 1.7% the prior year.
Liveramp's revenue grew 13.0% year-over-year to $745.6M, a solid pace of expansion. This earns a growth score of 66/100.
Liveramp carries a low D/E ratio of 0.33, meaning only $0.33 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.65, Liveramp holds $2.65 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 86/100.
Liveramp converts 20.5% of revenue into free cash flow ($152.9M). This strong cash generation earns a score of 100/100.
Liveramp scores 5.52, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($1.6B) relative to total liabilities ($310.5M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Liveramp passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Liveramp generates $-189.15 in operating cash flow ($154.0M OCF vs -$814K net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Liveramp generated $745.6M in revenue in fiscal year 2025. This represents an increase of 13.0% from the prior year.
Liveramp's EBITDA was $22.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1.3% from the prior year.
Liveramp generated $152.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 50.8% from the prior year.
Liveramp reported -$814K in net income in fiscal year 2025. This represents a decrease of 106.9% from the prior year.
Liveramp earned $-0.01 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 105.9% from the prior year.
Liveramp held $413.3M in cash against $0 in long-term debt as of fiscal year 2025.
Liveramp's gross margin was 71.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.7 percentage points from the prior year.
Liveramp's operating margin was 0.7% in fiscal year 2025, reflecting core business profitability. This is down 1.0 percentage points from the prior year.
Liveramp's net profit margin was -0.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.9 percentage points from the prior year.
Liveramp invested $176.7M in research and development in fiscal year 2025. This represents an increase of 16.8% from the prior year.
Liveramp spent $101.2M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 67.3% from the prior year.
Liveramp invested $1.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 75.5% from the prior year.
RAMP Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $212.2M+6.2% | $199.8M+2.6% | $194.8M-0.3% | $195.4M+5.4% | $185.5M+5.4% | $176.0M+1.2% | $173.9M+8.8% | $159.9M |
| Cost of Revenue | $59.7M+0.1% | $59.6M+2.2% | $58.3M+6.0% | $55.0M+7.3% | $51.2M-1.0% | $51.7M+15.2% | $44.9M+9.0% | $41.2M |
| Gross Profit | $152.5M+8.8% | $140.2M+2.7% | $136.5M-2.8% | $140.4M+4.6% | $134.2M+8.1% | $124.2M-3.7% | $128.9M+8.7% | $118.7M |
| R&D Expenses | $33.8M-8.5% | $37.0M-6.7% | $39.6M-7.3% | $42.7M-2.6% | $43.9M-0.5% | $44.1M+16.8% | $37.8M+12.0% | $33.7M |
| SG&A Expenses | $29.1M-12.3% | $33.2M-11.2% | $37.3M+16.7% | $32.0M+2.0% | $31.4M+1.3% | $31.0M+13.7% | $27.2M+4.7% | $26.0M |
| Operating Income | $39.5M+84.5% | $21.4M+196.7% | $7.2M-50.8% | $14.7M+96.0% | $7.5M+242.7% | -$5.2M-134.5% | $15.2M+85.2% | $8.2M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $3.0M+223.7% | -$2.4M-176.9% | $3.2M-65.3% | $9.2M-7.7% | $10.0M+48.9% | $6.7M-20.7% | $8.4M-17.1% | $10.2M |
| Net Income | $39.9M+45.4% | $27.4M+253.9% | $7.7M-30.9% | $11.2M+547.2% | $1.7M+123.1% | -$7.5M-153.6% | $14.0M+187.4% | $4.9M |
| EPS (Diluted) | $0.62+47.6% | $0.42+250.0% | $0.12-29.4% | $0.17+466.7% | $0.03+127.3% | $-0.11-152.4% | $0.21+200.0% | $0.07 |
RAMP Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.3B+2.3% | $1.2B+0.7% | $1.2B-1.7% | $1.3B+4.9% | $1.2B-0.9% | $1.2B-1.5% | $1.2B+3.7% | $1.2B |
| Current Assets | $679.3M+5.0% | $646.7M+2.3% | $632.4M-1.8% | $643.8M+10.6% | $582.1M-0.5% | $585.0M-24.0% | $769.7M+5.7% | $727.8M |
| Cash & Equivalents | $395.9M+7.2% | $369.4M+1.6% | $363.6M-3.5% | $376.8M+11.2% | $338.9M+9.2% | $310.4M-37.8% | $498.9M+1.4% | $492.2M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $218.8M+0.9% | $216.8M-1.4% | $219.8M+4.4% | $210.6M+9.6% | $192.1M-6.9% | $206.3M+3.5% | $199.4M+14.1% | $174.7M |
| Goodwill | $502.2M0.0% | $502.2M0.0% | $502.2M+0.1% | $501.6M-0.1% | $501.9M0.0% | $501.7M+39.3% | $360.2M+0.1% | $360.0M |
| Total Liabilities | $306.9M+3.5% | $296.6M+4.3% | $284.3M-3.8% | $295.5M+12.4% | $262.8M+3.3% | $254.4M-8.6% | $278.3M+7.6% | $258.7M |
| Current Liabilities | $250.0M+5.5% | $237.0M+6.6% | $222.4M-4.0% | $231.6M+16.1% | $199.5M+5.2% | $189.6M-9.2% | $208.8M+11.8% | $186.7M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $962.3M+2.0% | $943.8M-0.4% | $947.8M-1.0% | $957.7M+2.8% | $932.1M-2.1% | $951.9M+0.6% | $946.5M+2.7% | $921.9M |
| Retained Earnings | $1.4B+3.0% | $1.3B+2.1% | $1.3B+0.1% | $1.3B+0.9% | $1.3B+0.1% | $1.3B-1.0% | $1.3B+1.1% | $1.3B |
RAMP Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $67.3M+17.2% | $57.4M+462.9% | -$15.8M-135.1% | $45.1M-18.8% | $55.6M+696.0% | -$9.3M-156.3% | $16.6M-53.7% | $35.8M |
| Capital Expenditures | $162K-72.5% | $589K+75.3% | $336K+19.1% | $282K+17.0% | $241K+6.6% | $226K-89.8% | $2.2M+1005.5% | $200K |
| Free Cash Flow | $67.1M+18.1% | $56.8M+451.7% | -$16.2M-136.0% | $44.8M-19.0% | $55.4M+679.4% | -$9.6M-166.6% | $14.3M-59.7% | $35.6M |
| Investing Cash Flow | -$2.7M-148.9% | -$1.1M-20.0% | -$917K+26.0% | -$1.2M-105.4% | $22.8M+3937.1% | -$593K+73.2% | -$2.2M-432.5% | $665K |
| Financing Cash Flow | -$38.1M+24.3% | -$50.3M-44.7% | -$34.8M-271.8% | -$9.4M+81.5% | -$50.6M-207.3% | -$16.5M-85.0% | -$8.9M+43.7% | -$15.8M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $39.2M-21.5% | $49.9M+67.0% | $29.9M+195.8% | $10.1M-79.8% | $49.9M+215.9% | $15.8M+57.9% | $10.0M-33.9% | $15.1M |
RAMP Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 71.9%+1.7pp | 70.2%+0.1pp | 70.1%-1.8pp | 71.9%-0.5pp | 72.4%+1.8pp | 70.6%-3.6pp | 74.2%-0.1pp | 74.2% |
| Operating Margin | 18.6%+7.9pp | 10.7%+7.0pp | 3.7%-3.8pp | 7.5%+3.5pp | 4.0%+7.0pp | -3.0%-11.7pp | 8.7%+3.6pp | 5.1% |
| Net Margin | 18.8%+5.1pp | 13.7%+9.7pp | 4.0%-1.8pp | 5.7%+4.8pp | 0.9%+5.2pp | -4.3%-12.3pp | 8.0%+5.0pp | 3.0% |
| Return on Equity | 4.1%+1.2pp | 2.9%+2.1pp | 0.8%-0.3pp | 1.2%+1.0pp | 0.2% | N/A | 1.5%+1.0pp | 0.5% |
| Return on Assets | 3.1%+0.9pp | 2.2%+1.6pp | 0.6%-0.3pp | 0.9%+0.8pp | 0.1%+0.8pp | -0.6%-1.8pp | 1.1%+0.7pp | 0.4% |
| Current Ratio | 2.72-0.0 | 2.73-0.1 | 2.84+0.1 | 2.78-0.1 | 2.92-0.2 | 3.08-0.6 | 3.69-0.2 | 3.90 |
| Debt-to-Equity | 0.320.0 | 0.31+0.0 | 0.300.0 | 0.31+0.0 | 0.28+0.0 | 0.27-0.0 | 0.29+0.0 | 0.28 |
| FCF Margin | 31.6%+3.2pp | 28.4%+36.7pp | -8.3%-31.2pp | 22.9%-6.9pp | 29.8%+35.3pp | -5.4%-13.7pp | 8.3%-14.0pp | 22.3% |
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Frequently Asked Questions
What is Liveramp's annual revenue?
Liveramp (RAMP) reported $745.6M in total revenue for fiscal year 2025. This represents a 13.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Liveramp's revenue growing?
Liveramp (RAMP) revenue grew by 13% year-over-year, from $659.7M to $745.6M in fiscal year 2025.
Is Liveramp profitable?
No, Liveramp (RAMP) reported a net income of -$814K in fiscal year 2025, with a net profit margin of -0.1%.
What is Liveramp's earnings per share (EPS)?
Liveramp (RAMP) reported diluted earnings per share of $-0.01 for fiscal year 2025. This represents a -105.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Liveramp's EBITDA?
Liveramp (RAMP) had EBITDA of $22.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Liveramp's gross margin?
Liveramp (RAMP) had a gross margin of 71.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Liveramp's operating margin?
Liveramp (RAMP) had an operating margin of 0.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Liveramp's net profit margin?
Liveramp (RAMP) had a net profit margin of -0.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Liveramp's free cash flow?
Liveramp (RAMP) generated $152.9M in free cash flow during fiscal year 2025. This represents a 50.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Liveramp's operating cash flow?
Liveramp (RAMP) generated $154.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Liveramp's total assets?
Liveramp (RAMP) had $1.3B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Liveramp's capital expenditures?
Liveramp (RAMP) invested $1.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Liveramp spend on research and development?
Liveramp (RAMP) invested $176.7M in research and development during fiscal year 2025.
Does Liveramp buy back shares?
Yes, Liveramp (RAMP) spent $101.2M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
What is Liveramp's current ratio?
Liveramp (RAMP) had a current ratio of 2.65 as of fiscal year 2025, which is generally considered healthy.
What is Liveramp's debt-to-equity ratio?
Liveramp (RAMP) had a debt-to-equity ratio of 0.33 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Liveramp's return on assets (ROA)?
Liveramp (RAMP) had a return on assets of -0.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Liveramp's Altman Z-Score?
Liveramp (RAMP) has an Altman Z-Score of 5.52, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Liveramp's Piotroski F-Score?
Liveramp (RAMP) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Liveramp's earnings high quality?
Liveramp (RAMP) has an earnings quality ratio of -189.15x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Liveramp?
Liveramp (RAMP) scores 71 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.