LiveRamp Holdings, Inc. RAMP
LiveRamp Holdings, Inc. ("LiveRamp", "we", "us", or the "Company") is a leading data collaboration technology company, empowering marketers and media owners to deliver and measure marketing performance everywhere it matters. LiveRamp's data collaboration network seamlessly unites data across advertisers, ad tech platforms, publishers, data providers, and commerce media networks — unlocking insights that deliver transformational consumer experiences, and drive measurable business outcomes. As consumers embrace AI-powered experiences, the LiveRamp data collaboration network expands the breadth and accuracy of the data on which marketing AI capabilities operate. Our platform is engineered for AI agent accessibility, facilitating autonomous data collaboration between the specialized AI agents utilized by our customers and partners and our networked platform. Built on a foundation of strict neutrality, interoperability, and global scale, LiveRamp enables organizations to maximize the value of their data while accelerating business growth.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $812.9M | $745.6M | $659.7M | $596.6M | $528.7M | $443.0M | $380.6M | $285.6M | $220.1M | $174.8M |
| Cost of revenue | $238.1M | $215.9M | $179.5M | $170.1M | $147.4M | $144.0M | $152.7M | $120.7M | $96.4M | $100.0M |
| Gross profit | $574.8M | $529.7M | $480.2M | $426.5M | $381.2M | $299.0M | $227.9M | $164.9M | $123.7M | $74.8M |
| R&D | $148.1M | $176.7M | $151.2M | $189.2M | $157.9M | $135.1M | $106.0M | $85.7M | $60.7M | $49.4M |
| SG&A | $132.6M | $126.5M | $110.2M | $125.4M | $104.6M | $104.2M | $108.9M | $98.9M | $85.2M | $92.9M |
| Total operating expenses | $491.4M | $524.3M | $468.8M | $552.3M | $446.8M | $419.6M | $408.8M | $363.0M | $257.2M | $206.2M |
| Operating income | $83.5M | $5.4M | $11.4M | -$125.8M | -$65.5M | -$120.5M | -$180.9M | -$198.1M | -$133.5M | -$131.4M |
| Interest expense | — | — | — | — | — | — | — | — | $10.1M | $7.4M |
| Pre-tax income | $98.1M | $22.8M | $34.4M | -$118.9M | -$35.1M | -$120.8M | -$165.5M | -$179.4M | -$133.0M | -$130.8M |
| Income tax | $46.7M | $25.3M | $24.3M | $5.3M | $1.2M | $30.5M | $40.3M | $45.4M | $65.7M | $45.2M |
| Net income | $146.0M | -$1.0M | $12.0M | -$119.0M | -$34.0M | -$90.3M | -$124.5M | $1.03B | — | $4.1M |
| EPS, basic | 2.28 | -0.01 | 0.18 | -1.79 | -0.50 | -1.36 | -1.84 | 13.71 | 0.30 | 0.05 |
| EPS, diluted | 2.24 | -0.01 | 0.17 | -1.79 | -0.50 | -1.36 | -1.84 | 13.71 | 0.30 | 0.05 |
| Shares, diluted (wtd. avg.) | $65.0M | $66.1M | $67.9M | $66.4M | $68.2M | $66.3M | $67.8M | $75.0M | $78.9M | $77.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $379.5M | $413.3M | $336.9M | $464.4M | $600.2M | $581.7M | $732.6M | $1.06B | $140.0M | $168.7M |
| Short-term investments | $7.5M | $7.5M | $32.0M | $32.8M | $7.5M | — | — | — | — | — |
| Receivables | $213.0M | $186.2M | $190.3M | $157.4M | $148.3M | $114.3M | $92.8M | $78.6M | $52.0M | $142.8M |
| Total current assets | $653.1M | $656.2M | $602.0M | $714.6M | $815.8M | $825.7M | $896.4M | $1.19B | $360.6M | $368.5M |
| Property, plant and equipment | $5.2M | $6.2M | $8.2M | $7.1M | $11.5M | $12.0M | $19.3M | $26.0M | $32.3M | $156.0M |
| Goodwill | $502.1M | $501.8M | $501.8M | $363.1M | $363.8M | $357.4M | $297.8M | $204.7M | $203.6M | $200.4M |
| Other intangibles | $9.2M | $20.2M | $34.6M | $9.9M | $26.7M | $39.7M | $45.2M | $28.6M | $44.5M | $66.3M |
| Total assets | $1.29B | $1.26B | $1.23B | $1.17B | $1.33B | $1.29B | $1.30B | $1.47B | $1.21B | $1.23B |
| Short-term debt | — | — | — | — | — | — | — | $0 | $1.6M | $39.8M |
| Total current liabilities | $264.8M | $247.5M | $216.6M | $174.8M | $184.6M | $165.2M | $161.4M | $95.1M | $178.6M | $230.2M |
| Total liabilities | — | — | — | — | — | — | — | $142.1M | — | — |
| Retained earnings | $1.46B | $1.31B | $1.31B | $1.30B | $1.42B | $1.45B | $1.55B | $1.67B | $628.3M | $602.6M |
| Total equity | $972.0M | $948.9M | $949.1M | $926.1M | $1.06B | $1.08B | $1.09B | $1.33B | $749.1M | $739.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $167.8M | $154.0M | $105.7M | $34.4M | $78.1M | -$20.6M | -$28.6M | -$2.0M | -$14.1M | -$25.9M |
| Depreciation and amortisation | $13.4M | $17.2M | $11.5M | $20.8M | $24.2M | $27.7M | $35.9M | $33.8M | $37.6M | $32.0M |
| Stock-based compensation | $83.0M | $108.0M | $71.3M | $125.8M | $87.3M | $111.7M | $89.4M | $102.7M | $52.9M | $39.4M |
| Capital expenditure | $1.4M | $1.0M | $4.3M | $4.7M | $4.5M | $2.2M | $11.7M | $7.3M | $9.4M | $23.1M |
| Investing cash flow | -$4.9M | $21.4M | -$173.7M | -$29.0M | $7.6M | -$87.9M | -$116.2M | -$11.1M | -$14.1M | -$124.4M |
| Financing cash flow | -$199.3M | -$102.7M | -$59.1M | -$146.0M | -$67.0M | -$43.5M | -$202.0M | -$841.5M | -$81.5M | $25.8M |
| Buybacks | $194.5M | $101.2M | $60.5M | $150.0M | $58.6M | $42.3M | $182.2M | $74.4M | $88.9M | $30.5M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-080505.
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