Ribbon Communications Financials
Ribbon Communications (RBBN) reported $844.6M in revenue for fiscal year 2025, up 1.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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).
Ribbon’s cash-improving but operating-margin-sensitive model shows how flat revenue can still fund the business when cash conversion tightens.
Between FY2022 and FY2025, revenue stayed essentially flat, moving from$820M to$845M . Yet operating cash flow swung from-$26M to$51M , helped by shrinking receivables, which points to better cash conversion and working-capital control rather than a sales-led recovery.
This is a thin-margin operating model: gross margin fell to
The balance sheet is liquid in the short term but not cash-rich: cash of
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Ribbon Communications's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Ribbon Communications has an operating margin of -0.4%, meaning the company loses less than $1 on every $100 of revenue. This results in a profitability score of 35/100. This is down from 2.0% the prior year.
Ribbon Communications's revenue grew a modest 1.3% year-over-year to $844.6M. This slow but positive growth earns a score of 35/100.
Ribbon Communications has elevated debt relative to equity (D/E of 0.72), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 15/100, reflecting increased financial risk.
Ribbon Communications's current ratio of 1.44 indicates adequate short-term liquidity, earning a score of 38/100. The company can meet its near-term obligations, though with limited headroom.
Ribbon Communications has a free cash flow margin of 3.1%, earning a moderate score of 39/100. The company generates positive cash flow after capital investments, but with room for improvement.
Ribbon Communications's ROE of 0.0% shows moderate profitability relative to equity, earning a score of 34/100. This is unchanged from the prior year.
Ribbon Communications scores -0.65, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($372.0M) relative to total liabilities ($763.3M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Ribbon Communications passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
Ribbon Communications reported $40K of net income while generating $51.4M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead.
Key Financial Metrics
Earnings & Revenue
Ribbon Communications generated $844.6M in revenue in fiscal year 2025. This represents an increase of 1.3% from the prior year.
Ribbon Communications's EBITDA was $57.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 29.1% from the prior year.
Ribbon Communications reported $40K in net income in fiscal year 2025. This represents an increase of 173.1% from the prior year.
Ribbon Communications earned $0.22 per diluted share (EPS) in fiscal year 2025. This represents an increase of 171.0% from the prior year.
Cash & Balance Sheet
Ribbon Communications generated $26.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 6.4% from the prior year.
Ribbon Communications held $96.4M in cash against $324.5M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Ribbon Communications's gross margin was 49.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.9 percentage points from the prior year.
Ribbon Communications's operating margin was -0.4% in fiscal year 2025, reflecting core business profitability. This is down 2.4 percentage points from the prior year.
Ribbon Communications's net profit margin was 0.0% in fiscal year 2025, showing the share of revenue converted to profit. That is unchanged from the prior year.
Ribbon Communications's ROE was 0.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. That is unchanged from the prior year.
Capital Allocation
Ribbon Communications invested $178.9M in research and development in fiscal year 2025. This represents a decrease of 0.6% from the prior year.
Ribbon Communications spent $9.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Ribbon Communications invested $25.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 13.1% from the prior year.
RBBN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $797.6M | $844.6M+1.3% | $833.9M+0.9% | $826.3M+0.8% | $819.8M-3.0% | $845.0M+0.1% | $843.8M+49.8% | $563.1M-2.6% | $577.9M+75.2% | $329.9M+30.6% | $252.6M+1.4% | $249.0M |
| Cost of Revenue | $408.6M | $423.9M+7.5% | $394.4M-5.7% | $418.3M-0.1% | $418.8M+4.6% | $400.3M+1.9% | $393.0M+59.7% | $246.0M+6.7% | $230.6M+79.5% | $128.4M+51.1% | $85.0M-2.7% | $87.4M |
| Gross Profit | $389.1M | $420.7M-4.3% | $439.5M+7.7% | $408.1M+1.8% | $400.9M-9.8% | $444.7M-1.4% | $450.8M+42.2% | $317.1M-8.7% | $347.3M+72.4% | $201.5M+20.2% | $167.6M+3.7% | $161.7M |
| R&D Expenses | $179.9M | $178.9M-0.6% | $179.9M-5.6% | $190.7M-6.4% | $203.7M+4.5% | $194.9M+0.2% | $194.5M+37.9% | $141.1M-3.0% | $145.5M+43.3% | $101.5M+39.3% | $72.8M-6.5% | $77.9M |
| SG&A Expenses | $64.1M | $64.2M-6.5% | $68.7M+25.1% | $55.0M+7.7% | $51.1M-4.9% | $53.7M-15.2% | $63.3M+17.5% | $53.9M-18.4% | $66.0M+38.6% | $47.6M+32.5% | $35.9M-9.8% | $39.8M |
| Operating Income | -$31.9M | -$3.3M-119.7% | $16.9M+169.5% | -$24.3M+49.7% | -$48.3M+59.0% | -$117.8M-7157.9% | $1.7M+100.9% | -$189.5M-189.7% | -$65.4M-18.4% | -$55.2M-305.8% | -$13.6M+56.4% | -$31.2M |
| Income Tax | -$90.9M | -$84.7M-1137.7% | $8.2M-24.6% | $10.8M+174.6% | -$14.5M+53.1% | -$31.0M-755.1% | $4.7M-34.2% | $7.2M+111.2% | $3.4M+118.4% | -$18.4M-832.9% | $2.5M+25.4% | $2.0M |
| Net Income | -$24.0M | $40K+173.1% | -$54K+18.1% | -$66K+32.5% | -$98K+44.6% | -$177K-100.2% | $88.6M+168.1% | -$130.1M-69.3% | -$76.8M-117.9% | -$35.3M-153.0% | -$13.9M+56.3% | -$31.9M |
| EPS (Diluted) | — | $0.22+171.0% | -$0.31+20.5% | -$0.39+38.1% | -$0.63+47.5% | -$1.20 | $0.61+151.3% | -$1.19-60.8% | -$0.74 | -$0.60 | -$0.28+56.3% | -$0.64 |
Not reported in any period shown, so not listed: Interest Expense.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
RBBN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.2B+4.3% | $1.2B+1.6% | $1.1B-8.9% | $1.3B-6.8% | $1.3B-12.9% | $1.5B+89.9% | $814.9M-14.9% | $957.2M+5.1% | $910.9M+195.7% | $308.1M | N/A |
| Current Assets | $454.5M-2.0% | $463.7M+10.7% | $418.7M-12.4% | $478.0M-0.6% | $481.0M+7.4% | $447.6M+60.3% | $279.3M+0.3% | $278.4M-1.3% | $282.2M+58.6% | $177.9M | N/A |
| Cash & Equivalents | $96.4M+9.8% | $87.8M+231.3% | $26.5M-60.6% | $67.3M-35.3% | $103.9M-19.1% | $128.4M+187.7% | $44.6M+2.2% | $43.7M-23.4% | $57.1M+78.8% | $31.9M-36.3% | $50.1M |
| Inventory | $78.8M-0.5% | $79.2M+2.1% | $77.5M+2.8% | $75.4M+39.6% | $54.0M+18.1% | $45.8M+209.1% | $14.8M-34.5% | $22.6M+6.1% | $21.3M+16.5% | $18.3M | N/A |
| Accounts Receivable | $231.9M-9.0% | $254.7M-5.1% | $268.4M+0.4% | $267.2M-5.5% | $282.9M+19.0% | $237.7M+23.4% | $192.7M+2.6% | $187.9M+13.7% | $165.2M+206.6% | $53.9M | N/A |
| Goodwill | $300.9M0.0% | $300.9M0.0% | $300.9M0.0% | $300.9M0.0% | $300.9M-27.8% | $416.9M+85.4% | $224.9M-41.4% | $383.7M+14.3% | $335.7M+579.7% | $49.4M+22.5% | $40.3M |
| Total Liabilities | $763.3M+0.7% | $757.9M+9.6% | $691.4M-6.2% | $737.1M-10.2% | $820.6M-4.6% | $860.4M+159.4% | $331.7M-9.6% | $366.9M+24.2% | $295.5M+232.2% | $88.9M | N/A |
| Current Liabilities | $315.5M-4.1% | $328.9M-3.6% | $341.1M+3.2% | $330.5M-4.1% | $344.5M+5.1% | $327.6M+58.5% | $206.7M-28.6% | $289.7M+19.3% | $242.8M+215.0% | $77.1M | N/A |
| Long-Term Debt | $324.5M-1.9% | $330.7M+67.5% | $197.5M-35.5% | $306.3M-12.5% | $350.2M-5.1% | $369.0M+702.3% | $46.0M | N/A | $20.0M | N/A | N/A |
| Total Equity | $449.0M+11.0% | $404.6M-10.6% | $452.8M-12.7% | $518.4M-1.7% | $527.2M-23.2% | $686.9M+42.1% | $483.3M-18.1% | $590.3M-4.1% | $615.4M+180.9% | $219.1M-1.8% | $223.0M |
| Retained Earnings | -$1.5B+2.5% | -$1.6B-3.6% | -$1.5B-4.6% | -$1.5B-7.2% | -$1.4B-15.0% | -$1.2B+7.0% | -$1.3B-11.4% | -$1.1B-6.0% | -$1.1B-3.4% | -$1.0B | N/A |
RBBN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $22.2M | $51.4M+2.3% | $50.2M+194.0% | $17.1M+164.8% | -$26.4M-237.4% | $19.2M-81.1% | $101.6M+82.4% | $55.7M+680.4% | -$9.6M-218.8% | $8.1M-57.9% | $19.2M-3.4% | $19.9M |
| Capital Expenditures | $14.9M | $25.3M+13.1% | $22.4M+138.8% | $9.4M-8.5% | $10.3M-40.1% | $17.1M-35.9% | $26.7M+146.9% | $10.8M+36.9% | $7.9M+97.7% | $4.0M-13.6% | $4.6M-40.6% | $7.8M |
| Free Cash Flow | $7.4M | $26.1M-6.4% | $27.8M+261.2% | $7.7M+121.0% | -$36.6M-1886.2% | $2.0M-97.3% | $74.8M+66.8% | $44.9M+356.3% | -$17.5M-528.9% | $4.1M-72.0% | $14.6M+20.6% | $12.1M |
| Investing Cash Flow | -$15.4M | -$25.3M-10.8% | -$22.9M-141.2% | -$9.5M+21.9% | -$12.1M+14.5% | -$14.2M+95.7% | -$330.1M-9253.2% | -$3.5M+90.0% | -$35.4M-268.4% | $21.0M+176.8% | -$27.3M-496.4% | -$4.6M |
| Financing Cash Flow | -$23.2M | -$19.4M-151.5% | $37.7M+178.8% | -$47.9M-5240.6% | $931K+102.8% | -$33.7M-110.5% | $319.3M+722.7% | -$51.3M-261.4% | $31.8M+808.6% | -$4.5M+54.6% | -$9.9M-59.1% | -$6.2M |
| Share Buybacks | $7.5M | $9.0M | N/A | N/A | N/A | $0 | $0-100.0% | $4.5M | $0 | $0-100.0% | $9.5M+20.4% | $7.9M |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
RBBN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 49.8%-2.9pp | 52.7%+3.3pp | 49.4%+0.5pp | 48.9%-3.7pp | 52.6%-0.8pp | 53.4%-2.9pp | 56.3%-3.8pp | 60.1%-1.0pp | 61.1%-5.3pp | 66.4%+1.4pp | 64.9% |
| Operating Margin | -0.4%-2.4pp | 2.0%+5.0pp | -2.9%+3.0pp | -5.9%+8.0pp | -13.9%-14.1pp | 0.2%+33.9pp | -33.7%-22.3pp | -11.3%+5.4pp | -16.7%-11.3pp | -5.4%+7.2pp | -12.5% |
| Net Margin | 0.0%0.0pp | 0.0%0.0pp | 0.0%0.0pp | 0.0%0.0pp | 0.0%-10.5pp | 10.5%+33.6pp | -23.1%-9.8pp | -13.3%-2.6pp | -10.7%-5.2pp | -5.5%+7.3pp | -12.8% |
| Return on Equity | 0.0%0.0pp | 0.0%0.0pp | 0.0%0.0pp | 0.0%0.0pp | 0.0%-12.9pp | 12.9%+39.8pp | -26.9%-13.9pp | -13.0%-7.3pp | -5.7%+0.6pp | -6.4%+7.9pp | -14.3% |
| Return on Assets | 0.0%0.0pp | 0.0%0.0pp | 0.0%0.0pp | 0.0%0.0pp | 0.0%-5.7pp | 5.7%+21.7pp | -16.0%-7.9pp | -8.0%-4.1pp | -3.9%+0.6pp | -4.5% | N/A |
| Current Ratio | 1.440.0x | 1.41+0.2x | 1.23-0.2x | 1.450.0x | 1.400.0x | 1.370.0x | 1.35+0.4x | 0.96-0.2x | 1.16-1.1x | 2.31 | N/A |
| Debt-to-Equity | 0.72-0.1x | 0.82+0.4x | 0.44-0.2x | 0.59-0.1x | 0.66+0.1x | 0.54+0.4x | 0.10-0.5x | 0.62+0.6x | 0.03-0.4x | 0.41 | N/A |
| FCF Margin | 3.1%-0.2pp | 3.3%+2.4pp | 0.9%+5.4pp | -4.5%-4.7pp | 0.2%-8.6pp | 8.9%+0.9pp | 8.0%+11.0pp | -3.0%-4.3pp | 1.2%-4.5pp | 5.8%+0.9pp | 4.9% |
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Where Ribbon Communications Ranks
Frequently Asked Questions
What is Ribbon Communications's annual revenue?
Ribbon Communications (RBBN) reported $844.6M in total revenue for fiscal year 2025. This represents a 1.3% 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 Ribbon Communications's revenue growing?
Ribbon Communications (RBBN) revenue grew by 1.3% year-over-year, from $833.9M to $844.6M in fiscal year 2025.
Is Ribbon Communications profitable?
Yes, Ribbon Communications (RBBN) reported a net income of $40K in fiscal year 2025, with a net profit margin of 0.0%.
What is Ribbon Communications's EBITDA?
Ribbon Communications (RBBN) had EBITDA of $57.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Ribbon Communications have?
As of fiscal year 2025, Ribbon Communications (RBBN) had $96.4M in cash and equivalents against $324.5M in long-term debt.
What is Ribbon Communications's gross margin?
Ribbon Communications (RBBN) had a gross margin of 49.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Ribbon Communications's operating margin?
Ribbon Communications (RBBN) had an operating margin of -0.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Ribbon Communications's net profit margin?
Ribbon Communications (RBBN) had a net profit margin of 0.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Ribbon Communications's return on equity (ROE)?
Ribbon Communications (RBBN) has a return on equity of 0.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Ribbon Communications's free cash flow?
Ribbon Communications (RBBN) generated $26.1M in free cash flow during fiscal year 2025. This represents a -6.4% 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 Ribbon Communications's operating cash flow?
Ribbon Communications (RBBN) generated $51.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Ribbon Communications's total assets?
Ribbon Communications (RBBN) had $1.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Ribbon Communications's capital expenditures?
Ribbon Communications (RBBN) invested $25.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Ribbon Communications spend on research and development?
Ribbon Communications (RBBN) invested $178.9M in research and development during fiscal year 2025.
What is Ribbon Communications's current ratio?
Ribbon Communications (RBBN) had a current ratio of 1.44 as of fiscal year 2025, which is considered adequate.
What is Ribbon Communications's debt-to-equity ratio?
Ribbon Communications (RBBN) had a debt-to-equity ratio of 0.72 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Ribbon Communications's return on assets (ROA)?
Ribbon Communications (RBBN) had a return on assets of 0.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Ribbon Communications's Altman Z-Score?
Ribbon Communications (RBBN) has an Altman Z-Score of -0.65, placing it in the Distress Zone (elevated 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 Ribbon Communications's Piotroski F-Score?
Ribbon Communications (RBBN) has a Piotroski F-Score of 6 out of 9, indicating neutral 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Ribbon Communications's earnings high quality?
Ribbon Communications (RBBN) reported $40K of net income while generating $51.4M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead. 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 Ribbon Communications?
Ribbon Communications (RBBN) scores 33 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.