LiveRamp Holdings (RAMP) FY2024 results: revenue $660 million, up 10.6% on the year

LiveRamp Holdings, Inc. (RAMP) reported revenue of $660 million for fiscal 2024, the year ended 31 March 2024, up 10.6% on the year before. Net income was $12 million, and diluted earnings per share $0.17. The figures are the company's own, from the 10-K it filed with the SEC on 22 May 2024.

Revenue

$660 million

+10.6% on the year

FY2017FY2024

Operating margin

1.7%

-21.1% a year earlier

FY2017FY2024

Net income

$12 million

FY2017FY2024

Diluted EPS

$0.17

FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ million	FY2024	FY2023	FY2022	On the year
Revenue	660	597	529	+10.6%
Cost of revenue	179	170	147	+5.5%
Gross profit	480	426	381	+12.6%
Gross margin	72.8%	71.5%	72.1%
Research and development	151	189	158	-20.1%
Operating income	11.4	-126	-65.5
Operating margin	1.7%	-21.1%	-12.4%
Pre-tax income	34.4	-119	-35.1
Income tax	24.3	5.3	-1.2	+362.1%
Effective tax rate	70.6%	n/a	n/a
Net income	11.9	-119	-33.8
Net margin	1.8%	-19.9%	-6.4%
Diluted EPS	$0.17	-$1.79	-$0.50

$ 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	FY2024	FY2023	FY2022	On the year
Operating cash flow	107	39.8	78.1	+169.7%
Capital expenditure	4.3	4.7	4.5	-9.4%
Free cash flow	103	35.1	73.6	+193.6%
Free cash flow margin	15.6%	5.9%	13.9%
Cash from investing	-174	-29.0	7.6
Cash from financing	-59.1	-146	-67.0
Depreciation and amortisation	11.5	20.8	24.2	-44.6%
Share-based compensation	71.3	126	87.3	-43.3%
Buybacks	60.5	150	58.6	-59.7%
Diluted shares, weighted	68m	66m	68m	+2.4%

Balance sheet

$ million	FY2024	FY2023	FY2022	On the year
Shareholders' equity	949	926	1,063	+2.5%
Debt	0.0	0.0	0.0
Operating lease liabilities	32.1	37.2	52.2	-13.8%
Other liabilities	250	209	218	+19.5%
Total liabilities and equity	1,231	1,173	1,334	+5.0%
Fixed assets	8.2	7.1	11.5	+15.5%
Goodwill	502	363	364	+38.2%
Intangible assets	34.6	9.9	26.7	+250.5%
Investments	32.0	32.8	7.5	-2.3%
Cash and equivalents	337	464	600	-27.5%
Receivables	190	157	148	+20.9%
Other assets	128	138	176	-7.5%
Total assets	1,231	1,173	1,334	+5.0%

10-K for the year ended 31 March 2024, filed 22 May 2024: the filing.