Rambus Inc Del Financials

RMBS

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Rambus Inc Del (RMBS) 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).

Key Financial Metrics

Revenue

$556.6M

YoY+20.7%

5Y CAGR+19.6%

10Y CAGR+6.5%

Rambus Inc Del generated $556.6M in revenue in fiscal year 2024. This represents an increase of 20.7% from the prior year.

EBITDA

$193.1M

YoY+17.9%

10Y CAGR+5.3%

Rambus Inc Del's EBITDA was $193.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 17.9% from the prior year.

Free Cash Flow

$199.9M

YoY+15.9%

5Y CAGR+10.4%

10Y CAGR+11.2%

Rambus Inc Del generated $199.9M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 15.9% from the prior year.

Net Income

$179.8M

YoY-46.1%

10Y CAGR+21.2%

Rambus Inc Del reported $179.8M in net income in fiscal year 2024. This represents a decrease of 46.1% from the prior year.

EPS (Diluted)

$1.65

YoY-45.2%

10Y CAGR+22.3%

Rambus Inc Del earned $1.65 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 45.2% from the prior year.

Cash & Debt

$99.8M

YoY+5.3%

5Y CAGR-0.5%

10Y CAGR-4.3%

Rambus Inc Del held $99.8M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

107M

YoY-0.9%

5Y CAGR-1.0%

10Y CAGR-0.7%

Rambus Inc Del had 107M shares outstanding in fiscal year 2024. This represents a decrease of 0.9% from the prior year.

Gross Margin

80.2%

YoY+2.7pp

5Y CAGR+2.8pp

10Y CAGR-5.6pp

Rambus Inc Del's gross margin was 80.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 2.7 percentage points from the prior year.

Operating Margin

32.9%

YoY-0.4pp

5Y CAGR+76.9pp

10Y CAGR+7.5pp

Rambus Inc Del's operating margin was 32.9% in fiscal year 2024, reflecting core business profitability. This is down 0.4 percentage points from the prior year.

Net Margin

32.3%

YoY-40.1pp

5Y CAGR+70.1pp

10Y CAGR+23.5pp

Rambus Inc Del's net profit margin was 32.3% in fiscal year 2024, showing the share of revenue converted to profit. This is down 40.1 percentage points from the prior year.

Return on Equity

16.1%

YoY-16.1pp

10Y CAGR+9.4pp

Rambus Inc Del's ROE was 16.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 16.1 percentage points from the prior year.

R&D Spending

$162.9M

YoY+3.9%

5Y CAGR+0.8%

10Y CAGR+4.0%

Rambus Inc Del invested $162.9M in research and development in fiscal year 2024. This represents an increase of 3.9% from the prior year.

Share Buybacks

$113.3M

YoY+12.7%

Rambus Inc Del spent $113.3M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 12.7% from the prior year.

Capital Expenditures

$30.7M

YoY+32.1%

5Y CAGR+36.5%

10Y CAGR+15.6%

Rambus Inc Del invested $30.7M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 32.1% from the prior year.

RMBS Income Statement

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Revenue	$556.6M+20.7%	$461.1M+1.4%	$454.8M+38.5%	$328.3M+33.3%	$246.3M+8.2%	$227.6M
Cost of Revenue	$110.1M+6.5%	$103.4M-3.9%	$107.6M+52.8%	$70.4M+15.9%	$60.7M+18.2%	$51.4M
Gross Profit	$446.5M+24.8%	$357.7M+3.0%	$347.2M+34.6%	$257.9M+39.0%	$185.6M+5.3%	$176.2M
R&D Expenses	$162.9M+3.9%	$156.8M-1.2%	$158.8M+17.0%	$135.7M-3.0%	$139.8M-10.8%	$156.8M
SG&A Expenses	$104.1M-3.7%	$108.1M+1.3%	$106.7M+17.2%	$91.1M+5.3%	$86.4M-14.0%	$100.6M
Operating Income	$183.0M+19.1%	$153.6M+99.7%	$76.9M+216.9%	$24.3M+155.1%	-$44.1M+56.0%	-$100.1M
Interest Expense	$1.4M-5.0%	$1.5M-20.5%	$1.9M-82.5%	$10.7M+3.5%	$10.3M+5.0%	$9.9M
Income Tax	$20.2M+113.8%	-$146.7M-2362.8%	$6.5M+31.0%	$5.0M+25.9%	$3.9M+15.1%	$3.4M
Net Income	$179.8M-46.1%	$333.9M+2433.4%	-$14.3M-178.1%	$18.3M+145.3%	-$40.5M+52.9%	-$86.0M
EPS (Diluted)	$1.65-45.2%	$3.01+2415.4%	$-0.13-181.3%	$0.16+144.4%	$-0.36+53.2%	$-0.77

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$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-3.6%	$122.2M
Cost of Revenue	$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-1.9%	$24.1M
Gross Profit	$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-4.0%	$98.1M
R&D Expenses	$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+3.8%	$36.0M
SG&A Expenses	$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+0.6%	$25.7M
Operating Income	$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-14.2%	$35.1M
Interest Expense	$294K-23.0%	$382K+1.3%	$377K+7.1%	$352K+7.6%	$327K-11.9%	$371K+1.4%	$366K-2.9%	$377K
Income Tax	$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-66.6%	$4.3M
Net Income	$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-43.8%	$58.5M
EPS (Diluted)	$0.44-17.0%	$0.53-5.4%	$0.56-1.8%	$0.57+26.7%	$0.45+36.4%	$0.33+10.0%	$0.30-44.4%	$0.54

RMBS Balance Sheet

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Total Assets	$1.3B+6.7%	$1.3B+24.3%	$1.0B-17.9%	$1.2B-1.5%	$1.3B-6.9%	$1.3B
Current Assets	$690.3M+9.5%	$630.6M+19.6%	$527.2M-23.0%	$684.4M-2.2%	$699.7M+5.3%	$664.7M
Cash & Equivalents	$99.8M+5.3%	$94.8M-24.4%	$125.3M+16.2%	$107.9M-16.3%	$129.0M+26.2%	$102.2M
Inventory	$44.6M+23.5%	$36.2M+73.0%	$20.9M+146.4%	$8.5M-41.4%	$14.5M+43.4%	$10.1M
Accounts Receivable	$122.8M+48.1%	$82.9M+49.8%	$55.4M+25.7%	$44.1M+57.9%	$27.9M-36.6%	$44.0M
Goodwill	$286.8M0.0%	$286.8M-1.8%	$292.0M+4.7%	$278.8M+52.2%	$183.2M-0.1%	$183.5M
Total Liabilities	$222.4M+1.1%	$220.1M-5.6%	$233.3M-37.0%	$370.3M+9.3%	$338.7M-8.0%	$368.1M
Current Liabilities	$81.8M-8.2%	$89.1M-29.7%	$126.7M-52.6%	$267.3M+211.3%	$85.9M-0.4%	$86.2M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.1B+8.0%	$1.0B+33.2%	$779.3M-9.6%	$862.4M-5.5%	$912.7M-6.4%	$975.4M
Retained Earnings	-$153.7M+46.2%	-$285.5M+44.4%	-$513.3M-17.9%	-$435.2M-21.7%	-$357.8M-25.2%	-$285.8M

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$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-3.9%	$1.3B
Current Assets	$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-8.6%	$630.6M
Cash & Equivalents	$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+18.8%	$94.8M
Inventory	$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+31.7%	$36.2M
Accounts Receivable	$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+4.8%	$82.9M
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	$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-1.3%	$220.1M
Current Liabilities	$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-7.3%	$89.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$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-4.5%	$1.0B
Retained Earnings	$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-5.3%	-$285.5M

RMBS Cash Flow Statement

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Operating Cash Flow	$230.6M+17.8%	$195.8M-15.0%	$230.4M+10.1%	$209.2M+12.8%	$185.5M+44.3%	$128.5M
Capital Expenditures	$30.7M+32.1%	$23.2M+33.0%	$17.5M+26.7%	$13.8M-53.6%	$29.7M+359.3%	$6.5M
Free Cash Flow	$199.9M+15.9%	$172.5M-19.0%	$212.9M+8.9%	$195.4M+25.5%	$155.7M+27.6%	$122.1M
Investing Cash Flow	-$56.7M+1.2%	-$57.4M-137.8%	$152.0M+231.4%	-$115.7M-18.5%	-$97.6M+31.0%	-$141.5M
Financing Cash Flow	-$168.0M+1.0%	-$169.6M+53.3%	-$362.9M-217.8%	-$114.2M-86.7%	-$61.2M-20432.2%	-$298K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$113.3M+12.7%	$100.5M+0.1%	$100.4M+0.3%	$100.1M+99.9%	$50.1M	$0

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	N/A	N/A	$77.4M	N/A	N/A	N/A	$39.1M	N/A
Capital Expenditures	N/A	N/A	$7.9M	N/A	N/A	N/A	$3.0M	N/A
Free Cash Flow	N/A	N/A	$69.5M	N/A	N/A	N/A	$36.1M	N/A
Investing Cash Flow	N/A	N/A	-$8.4M	N/A	N/A	N/A	$71.4M	N/A
Financing Cash Flow	N/A	N/A	-$36.8M	N/A	N/A	N/A	-$92.3M	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	$2.2M	N/A	N/A	N/A	$50.8M	N/A

RMBS Financial Ratios

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Gross Margin	80.2%+2.7pp	77.6%+1.2pp	76.3%-2.2pp	78.6%+3.2pp	75.3%-2.1pp	77.4%
Operating Margin	32.9%-0.4pp	33.3%+16.4pp	16.9%+9.5pp	7.4%+25.3pp	-17.9%+26.1pp	-44.0%
Net Margin	32.3%-40.1pp	72.4%+75.6pp	-3.1%-8.7pp	5.6%+22.0pp	-16.4%+21.3pp	-37.8%
Return on Equity	16.1%-16.1pp	32.2%	N/A	2.1%	N/A	N/A
Return on Assets	13.4%-13.2pp	26.5%+28.0pp	-1.4%-2.9pp	1.5%+4.7pp	-3.2%+3.2pp	-6.4%
Current Ratio	8.44+1.4	7.08+2.9	4.16+1.6	2.56-5.6	8.15+0.4	7.71
Debt-to-Equity	0.20-0.0	0.21-0.1	0.30-0.1	0.43+0.1	0.370.0	0.38
FCF Margin	35.9%-1.5pp	37.4%-9.4pp	46.8%-12.7pp	59.5%-3.7pp	63.2%+9.6pp	53.6%

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Gross Margin	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%-0.3pp	80.3%
Operating Margin	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%-3.2pp	28.7%
Net Margin	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%-20.0pp	47.9%
Return on Equity	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%-2.3pp	5.6%
Return on Assets	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%-1.9pp	4.7%
Current Ratio	11.61+0.8	10.85+0.7	10.15+1.7	8.44+0.2	8.26+1.1	7.18+0.2	6.98-0.1	7.08
Debt-to-Equity	0.09-0.1	0.200.0	0.190.0	0.200.0	0.20-0.0	0.220.0	0.220.0	0.21
FCF Margin	N/A	N/A	41.7%	N/A	N/A	N/A	30.6%	N/A

Financial Health Signals

Financial Profile 92/100

Profitability

100

Growth

Leverage

100

Liquidity

100

Cash Flow

100

Returns

Based on FY2024 annual data. Scores normalized against common benchmarks.

Altman Z-Score Safe

29.06

Bankruptcy risk indicator. Above 2.99 = safe, below 1.81 = distress.

Piotroski F-Score Strong

7/9

Financial strength trend (9 signals). 7-9 = strong, 0-3 = weak.

Earnings Quality Cash-Backed

1.28x

Operating cash flow vs net income. Above 1.0x = cash-backed earnings.

Interest Coverage Safe

129.2x

Operating income vs interest expense. Above 5x = safe, below 2x = risky.

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Frequently Asked Questions

What is Rambus Inc Del's annual revenue?

Rambus Inc Del (RMBS) reported $556.6M in total revenue for fiscal year 2024. This represents a 20.7% 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 20.7% year-over-year, from $461.1M to $556.6M in fiscal year 2024.

Is Rambus Inc Del profitable?

Yes, Rambus Inc Del (RMBS) reported a net income of $179.8M in fiscal year 2024, with a net profit margin of 32.3%.

What is Rambus Inc Del's earnings per share (EPS)?

Rambus Inc Del (RMBS) reported diluted earnings per share of $1.65 for fiscal year 2024. This represents a -45.2% 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 Rambus Inc Del's EBITDA?

Rambus Inc Del (RMBS) had EBITDA of $193.1M in fiscal year 2024, 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 80.2% in fiscal year 2024, 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 32.9% in fiscal year 2024, 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 32.3% in fiscal year 2024, 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 16.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Rambus Inc Del's free cash flow?

Rambus Inc Del (RMBS) generated $199.9M in free cash flow during fiscal year 2024. This represents a 15.9% 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 $230.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Rambus Inc Del's total assets?

Rambus Inc Del (RMBS) had $1.3B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Rambus Inc Del's capital expenditures?

Rambus Inc Del (RMBS) invested $30.7M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Rambus Inc Del spend on research and development?

Rambus Inc Del (RMBS) invested $162.9M in research and development during fiscal year 2024.

Does Rambus Inc Del buy back shares?

Yes, Rambus Inc Del (RMBS) spent $113.3M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Rambus Inc Del have outstanding?

Rambus Inc Del (RMBS) had 107M shares outstanding as of fiscal year 2024.

What is Rambus Inc Del's current ratio?

Rambus Inc Del (RMBS) had a current ratio of 8.44 as of fiscal year 2024, 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 0.20 as of fiscal year 2024, 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 13.4% for fiscal year 2024, 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 29.06, 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.

What is Rambus Inc Del's Piotroski F-Score?

Rambus Inc Del (RMBS) has a Piotroski F-Score of 7 out of 9, indicating strong 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.

Are Rambus Inc Del's earnings high quality?

Rambus Inc Del (RMBS) has an earnings quality ratio of 1.28x, 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.

Can Rambus Inc Del cover its interest payments?

Rambus Inc Del (RMBS) has an interest coverage ratio of 129.2x, 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.

How financially healthy is Rambus Inc Del?

Rambus Inc Del (RMBS) scores 92 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.