This page shows Rambus Inc Del (RMBS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 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
Rambus Inc Del has an operating margin of 36.8%, meaning the company retains $37 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 32.9% the prior year.
Rambus Inc Del's revenue surged 27.1% year-over-year to $707.6M, reflecting rapid business expansion. This strong growth earns a score of 79/100.
Rambus Inc Del carries a low D/E ratio of 0.12, meaning only $0.12 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 8.20, Rambus Inc Del holds $8.20 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Rambus Inc Del converts 47.1% of revenue into free cash flow ($333.2M). This strong cash generation earns a score of 100/100.
Rambus Inc Del's ROE of 16.9% shows moderate profitability relative to equity, earning a score of 49/100. This is up from 16.1% the prior year.
Rambus Inc Del scores 33.11, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($8.6B) relative to total liabilities ($165.1M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Rambus Inc Del passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Rambus Inc Del generates $1.56 in operating cash flow ($360.0M OCF vs $230.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Rambus Inc Del earns $189.5 in operating income for every $1 of interest expense ($260.2M vs $1.4M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Rambus Inc Del generated $707.6M in revenue in fiscal year 2025. This represents an increase of 27.1% from the prior year.
Rambus Inc Del's EBITDA was $272.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 40.9% from the prior year.
Rambus Inc Del reported $230.5M in net income in fiscal year 2025. This represents an increase of 28.2% from the prior year.
Rambus Inc Del earned $2.11 per diluted share (EPS) in fiscal year 2025. This represents an increase of 27.9% from the prior year.
Cash & Balance Sheet
Rambus Inc Del generated $333.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 66.7% from the prior year.
Rambus Inc Del held $182.8M in cash against $0 in long-term debt as of fiscal year 2025.
Rambus Inc Del had 108M shares outstanding in fiscal year 2025. This represents an increase of 0.9% from the prior year.
Margins & Returns
Rambus Inc Del's gross margin was 79.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.6 percentage points from the prior year.
Rambus Inc Del's operating margin was 36.8% in fiscal year 2025, reflecting core business profitability. This is up 3.9 percentage points from the prior year.
Rambus Inc Del's net profit margin was 32.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.3 percentage points from the prior year.
Rambus Inc Del's ROE was 16.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.8 percentage points from the prior year.
Capital Allocation
Rambus Inc Del invested $187.7M in research and development in fiscal year 2025. This represents an increase of 15.2% from the prior year.
Rambus Inc Del spent $7.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 93.7% from the prior year.
Rambus Inc Del invested $26.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 12.6% from the prior year.
RMBS Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $190.2M+6.6% | $178.5M+3.7% | $172.2M+3.3% | $166.7M+3.5% | $161.1M+10.7% | $145.5M+10.1% | $132.1M+12.1% | $117.9M |
| Cost of Revenue | $40.2M+9.9% | $36.6M+5.2% | $34.8M+5.9% | $32.8M+4.2% | $31.5M+12.1% | $28.1M+4.7% | $26.8M+13.4% | $23.7M |
| Gross Profit | $150.0M+5.7% | $141.9M+3.3% | $137.4M+2.7% | $133.8M+3.3% | $129.6M+10.4% | $117.4M+11.5% | $105.3M+11.8% | $94.2M |
| R&D Expenses | $49.2M-0.5% | $49.5M+6.9% | $46.3M+8.7% | $42.6M-2.5% | $43.7M+5.8% | $41.3M+1.9% | $40.5M+8.5% | $37.4M |
| SG&A Expenses | $30.0M+2.8% | $29.2M+3.7% | $28.1M+0.2% | $28.1M+0.2% | $28.0M+8.2% | $25.9M+6.0% | $24.4M-5.5% | $25.8M |
| Operating Income | $70.8M+12.0% | $63.3M+0.4% | $63.0M-0.2% | $63.1M+9.1% | $57.9M+5.8% | $54.7M+35.6% | $40.3M+33.8% | $30.1M |
| Interest Expense | $320K+8.8% | $294K-23.0% | $382K+1.3% | $377K+7.1% | $352K+7.6% | $327K-11.9% | $371K+1.4% | $366K |
| Income Tax | $13.4M-36.1% | $20.9M+111.1% | $9.9M+35.3% | $7.3M+7006.8% | $103K-99.0% | $10.4M+25.0% | $8.3M+470.5% | $1.5M |
| Net Income | $63.8M+32.0% | $48.4M-16.5% | $57.9M-3.9% | $60.3M-3.1% | $62.2M+27.8% | $48.7M+35.0% | $36.1M+9.6% | $32.9M |
| EPS (Diluted) | N/A | $0.44-17.0% | $0.53-5.4% | $0.56 | N/A | $0.45+36.4% | $0.33+10.0% | $0.30 |
RMBS Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.5B+8.8% | $1.4B-4.2% | $1.5B+6.4% | $1.4B+2.7% | $1.3B+7.3% | $1.3B+0.1% | $1.3B+3.5% | $1.2B |
| Current Assets | $988.8M+13.8% | $868.7M+10.8% | $783.8M+8.9% | $719.5M+4.2% | $690.3M+12.8% | $612.0M+0.3% | $610.2M+5.8% | $576.5M |
| Cash & Equivalents | $182.8M+130.8% | $79.2M-9.8% | $87.8M-33.6% | $132.2M+32.5% | $99.8M-12.5% | $114.0M-8.5% | $124.6M+10.6% | $112.6M |
| Inventory | $44.1M-1.1% | $44.6M+15.6% | $38.6M-13.6% | $44.7M+0.2% | $44.6M-8.7% | $48.9M-7.0% | $52.6M+10.5% | $47.6M |
| Accounts Receivable | $137.5M+30.5% | $105.4M-1.6% | $107.1M-10.1% | $119.1M-3.0% | $122.8M+40.8% | $87.2M+4.8% | $83.2M-4.3% | $86.9M |
| Goodwill | $286.8M0.0% | $286.8M0.0% | $286.8M0.0% | $286.8M0.0% | $286.8M0.0% | $286.8M0.0% | $286.8M0.0% | $286.8M |
| Total Liabilities | $165.1M+40.1% | $117.9M-50.9% | $239.8M+9.2% | $219.5M-1.3% | $222.4M+4.6% | $212.6M-4.1% | $221.7M+2.1% | $217.2M |
| Current Liabilities | $120.6M+61.1% | $74.8M+3.6% | $72.2M+1.9% | $70.9M-13.4% | $81.8M+10.4% | $74.1M-12.8% | $85.0M+2.9% | $82.6M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $1.4B+5.9% | $1.3B+4.9% | $1.2B+5.9% | $1.2B+3.5% | $1.1B+7.9% | $1.0B+1.0% | $1.0B+3.8% | $991.6M |
| Retained Earnings | $76.8M+492.8% | $13.0M+136.6% | -$35.4M+62.1% | -$93.4M+39.2% | -$153.7M+28.8% | -$215.9M+18.4% | -$264.5M+12.0% | -$300.6M |
RMBS Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $99.8M+12.9% | $88.4M-6.3% | $94.4M+21.9% | $77.4M+31.2% | $59.0M-5.0% | $62.1M-11.9% | $70.4M+80.0% | $39.1M |
| Capital Expenditures | $6.5M+9.6% | $5.9M-8.6% | $6.5M-17.3% | $7.9M+21.3% | $6.5M-34.3% | $9.9M-12.9% | $11.3M+276.7% | $3.0M |
| Free Cash Flow | $93.3M+13.1% | $82.5M-6.1% | $87.9M+26.3% | $69.5M+32.5% | $52.5M+0.6% | $52.2M-11.7% | $59.1M+63.6% | $36.1M |
| Investing Cash Flow | $8.3M+109.1% | -$91.9M+30.0% | -$131.2M-1468.7% | -$8.4M+88.0% | -$69.7M-292.7% | -$17.8M+56.3% | -$40.6M-156.9% | $71.4M |
| Financing Cash Flow | -$4.5M+11.3% | -$5.1M+35.9% | -$8.0M+78.3% | -$36.8M-1281.5% | -$2.7M+95.2% | -$55.3M-212.2% | -$17.7M+80.8% | -$92.3M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $1.3M | $0-100.0% | $3.7M+69.4% | $2.2M | $0-100.0% | $50.0M+300.0% | $12.5M-75.4% | $50.8M |
RMBS Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 78.9%-0.6pp | 79.5%-0.3pp | 79.8%-0.5pp | 80.3%-0.2pp | 80.4%-0.2pp | 80.7%+1.0pp | 79.7%-0.2pp | 79.9% |
| Operating Margin | 37.2%+1.8pp | 35.4%-1.2pp | 36.6%-1.3pp | 37.9%+2.0pp | 35.9%-1.7pp | 37.6%+7.1pp | 30.5%+5.0pp | 25.6% |
| Net Margin | 33.6%+6.5pp | 27.1%-6.5pp | 33.6%-2.5pp | 36.2%-2.4pp | 38.6%+5.2pp | 33.4%+6.2pp | 27.3%-0.6pp | 27.9% |
| Return on Equity | 4.7%+0.9pp | 3.8%-1.0pp | 4.7%-0.5pp | 5.2%-0.4pp | 5.5%+0.9pp | 4.7%+1.2pp | 3.5%+0.2pp | 3.3% |
| Return on Assets | 4.2%+0.7pp | 3.4%-0.5pp | 4.0%-0.4pp | 4.4%-0.3pp | 4.6%+0.7pp | 3.9%+1.0pp | 2.9%+0.2pp | 2.7% |
| Current Ratio | 8.20-3.4 | 11.61+0.8 | 10.85+0.7 | 10.15+1.7 | 8.44+0.2 | 8.26+1.1 | 7.18+0.2 | 6.98 |
| Debt-to-Equity | 0.12+0.0 | 0.09-0.1 | 0.200.0 | 0.190.0 | 0.200.0 | 0.20-0.0 | 0.220.0 | 0.22 |
| FCF Margin | 49.0%+2.8pp | 46.2%-4.8pp | 51.0%+9.3pp | 41.7%+9.2pp | 32.6%-3.3pp | 35.9%-8.8pp | 44.7%+14.1pp | 30.6% |
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Frequently Asked Questions
What is Rambus Inc Del's annual revenue?
Rambus Inc Del (RMBS) reported $707.6M in total revenue for fiscal year 2025. This represents a 27.1% 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 Rambus Inc Del's revenue growing?
Rambus Inc Del (RMBS) revenue grew by 27.1% year-over-year, from $556.6M to $707.6M in fiscal year 2025.
Is Rambus Inc Del profitable?
Yes, Rambus Inc Del (RMBS) reported a net income of $230.5M in fiscal year 2025, with a net profit margin of 32.6%.
What is Rambus Inc Del's EBITDA?
Rambus Inc Del (RMBS) had EBITDA of $272.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Rambus Inc Del's gross margin?
Rambus Inc Del (RMBS) had a gross margin of 79.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Rambus Inc Del's operating margin?
Rambus Inc Del (RMBS) had an operating margin of 36.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Rambus Inc Del's net profit margin?
Rambus Inc Del (RMBS) had a net profit margin of 32.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Rambus Inc Del's return on equity (ROE)?
Rambus Inc Del (RMBS) has a return on equity of 16.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Rambus Inc Del's free cash flow?
Rambus Inc Del (RMBS) generated $333.2M in free cash flow during fiscal year 2025. This represents a 66.7% 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 Rambus Inc Del's operating cash flow?
Rambus Inc Del (RMBS) generated $360.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Rambus Inc Del's total assets?
Rambus Inc Del (RMBS) had $1.5B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Rambus Inc Del's capital expenditures?
Rambus Inc Del (RMBS) invested $26.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Rambus Inc Del spend on research and development?
Rambus Inc Del (RMBS) invested $187.7M in research and development during fiscal year 2025.
What is Rambus Inc Del's current ratio?
Rambus Inc Del (RMBS) had a current ratio of 8.20 as of fiscal year 2025, which is generally considered healthy.
What is Rambus Inc Del's debt-to-equity ratio?
Rambus Inc Del (RMBS) had a debt-to-equity ratio of 0.12 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Rambus Inc Del's return on assets (ROA)?
Rambus Inc Del (RMBS) had a return on assets of 15.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Rambus Inc Del's Altman Z-Score?
Rambus Inc Del (RMBS) has an Altman Z-Score of 33.11, 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 Rambus Inc Del's Piotroski F-Score?
Rambus Inc Del (RMBS) has a Piotroski F-Score of 5 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Rambus Inc Del's earnings high quality?
Rambus Inc Del (RMBS) has an earnings quality ratio of 1.56x, considered cash-backed (high 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.
Can Rambus Inc Del cover its interest payments?
Rambus Inc Del (RMBS) has an interest coverage ratio of 189.5x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Rambus Inc Del?
Rambus Inc Del (RMBS) scores 88 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.