LiveRamp Holdings (RAMP) FY2022 results: revenue $529 million, up 19.3% on the year

LiveRamp Holdings, Inc. (RAMP) reported revenue of $529 million for fiscal 2022, the year ended 31 March 2022, up 19.3% on the year before. Net income was -$34 million, and diluted earnings per share $-0.50. The figures are the company's own, from the 10-K it filed with the SEC on 24 May 2022.

Revenue

$529 million

+19.3% on the year

FY2015FY2022

Operating margin

-12.4%

-27.2% a year earlier

FY2015FY2022

Net income

-$34 million

FY2015FY2022

Diluted EPS

-$0.50

FY2015FY2022

this yearthe year beforeHover a bar for its figure.

The year in brief

The quarters: Q3 FY2022 · Q4 FY2022

Income statement (profit and loss)

$ million	FY2022	FY2021	FY2020	On the year
Revenue	529	443	381	+19.3%
Cost of revenue	147	144	153	+2.4%
Gross profit	381	299	228	+27.5%
Gross margin	72.1%	67.5%	59.9%
Research and development	158	135	106	+16.9%
Operating income	-65.5	-121	-181
Operating margin	-12.4%	-27.2%	-47.5%
Pre-tax income	-35.1	-121	-166
Income tax	-1.2	-30.5	-40.3
Net income	-33.8	-90.3	-125
Net margin	-6.4%	-20.4%	-32.7%
Diluted EPS	-$0.50	-$1.36	-$1.84

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	FY2022	FY2021	FY2020	On the year
Operating cash flow	78.1	-20.6	-28.8
Capital expenditure	4.5	2.2	11.7	+106.2%
Free cash flow	73.6	-22.7	-40.5
Free cash flow margin	13.9%	-5.1%	-10.6%
Cash from investing	7.6	-87.9	n/a
Cash from financing	-67.0	-43.5	-202
Depreciation and amortisation	24.2	27.7	35.9	-12.6%
Share-based compensation	87.3	112	89.4	-21.9%
Buybacks	58.6	42.3	182	+38.5%
Diluted shares, weighted	68m	66m	68m	+2.9%

Balance sheet

$ million	FY2022	FY2021	FY2020	On the year
Shareholders' equity	1,063	1,081	1,088	-1.6%
Debt	0.0	0.0	0.0
Operating lease liabilities	52.2	4.2	11.4	+1,156.4%
Other liabilities	218	203	203	+7.3%
Total liabilities and equity	1,334	1,288	1,302	+3.5%
Fixed assets	11.5	12.0	19.3	-3.6%
Goodwill	364	357	298	+1.8%
Intangible assets	26.7	39.7	45.2	-32.8%
Investments	7.5	n/a	n/a
Cash and equivalents	600	573	718	+4.8%
Receivables	148	114	92.8	+29.8%
Other assets	176	192	129	-8.6%
Total assets	1,334	1,288	1,302	+3.5%

10-K for the year ended 31 March 2022, filed 24 May 2022: the filing.