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Rambus Inc Del Financials

RMBS
Source SEC Filings (10-K/10-Q) Updated Dec 31, 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 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

Profitability Growth Leverage Liquidity Cash Flow Returns 88 / 100
Financial Profile 88/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
100

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.

Growth
79

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.

Leverage
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.

Liquidity
100

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.

Cash Flow
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.

Returns
49

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.

Altman Z-Score Safe
33.11

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.

Piotroski F-Score Neutral
5/9

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.

Earnings Quality Cash-Backed
1.56x

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.

Interest Coverage Safe
189.5x

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

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Earnings & Revenue

Revenue
$707.6M
YoY+27.1%
5Y CAGR+23.5%
10Y CAGR+9.1%

Rambus Inc Del generated $707.6M in revenue in fiscal year 2025. This represents an increase of 27.1% from the prior year.

EBITDA
$272.1M
YoY+40.9%
10Y CAGR+9.6%

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.

Net Income
$230.5M
YoY+28.2%
10Y CAGR+0.9%

Rambus Inc Del reported $230.5M in net income in fiscal year 2025. This represents an increase of 28.2% from the prior year.

EPS (Diluted)
$2.11
YoY+27.9%
10Y CAGR+1.6%

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

Free Cash Flow
$333.2M
YoY+66.7%
5Y CAGR+16.4%
10Y CAGR+16.7%

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.

Cash & Debt
$182.8M
YoY+83.2%
5Y CAGR+7.2%
10Y CAGR+2.4%

Rambus Inc Del held $182.8M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
108M
YoY+0.9%
5Y CAGR-0.7%
10Y CAGR-0.2%

Rambus Inc Del had 108M shares outstanding in fiscal year 2025. This represents an increase of 0.9% from the prior year.

Margins & Returns

Gross Margin
79.6%
YoY-0.6pp
5Y CAGR+4.3pp
10Y CAGR-9.3pp

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.

Operating Margin
36.8%
YoY+3.9pp
5Y CAGR+54.6pp
10Y CAGR+12.7pp

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.

Net Margin
32.6%
YoY+0.3pp
5Y CAGR+49.0pp
10Y CAGR-38.8pp

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.

Return on Equity
16.9%
YoY+0.8pp
5Y CAGR+21.3pp
10Y CAGR-23.3pp

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

R&D Spending
$187.7M
YoY+15.2%
5Y CAGR+6.1%
10Y CAGR+5.4%

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.

Share Buybacks
$7.1M
YoY-93.7%
5Y CAGR-32.3%
10Y CAGR-23.2%

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.

Capital Expenditures
$26.8M
YoY-12.6%
5Y CAGR-2.0%
10Y CAGR+15.9%

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

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.

Rambus Inc Del (RMBS) revenue grew by 27.1% year-over-year, from $556.6M to $707.6M in fiscal year 2025.

Yes, Rambus Inc Del (RMBS) reported a net income of $230.5M in fiscal year 2025, with a net profit margin of 32.6%.

Rambus Inc Del (RMBS) reported diluted earnings per share of $2.11 for fiscal year 2025. This represents a 27.9% 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.

Rambus Inc Del (RMBS) had EBITDA of $272.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

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.

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.

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.

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.

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.

Rambus Inc Del (RMBS) generated $360.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Rambus Inc Del (RMBS) had $1.5B in total assets as of fiscal year 2025, including both current and long-term assets.

Rambus Inc Del (RMBS) invested $26.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Rambus Inc Del (RMBS) invested $187.7M in research and development during fiscal year 2025.

Yes, Rambus Inc Del (RMBS) spent $7.1M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Rambus Inc Del (RMBS) had 108M shares outstanding as of fiscal year 2025.

Rambus Inc Del (RMBS) had a current ratio of 8.20 as of fiscal year 2025, which is generally considered healthy.

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.

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.

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.

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.

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.

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.

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.

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