LiveRamp Holdings (RAMP) FY2025 results: revenue $746 million, up 13.0% on the year

LiveRamp Holdings, Inc. (RAMP) reported revenue of $746 million for fiscal 2025, the year ended 31 March 2025, up 13.0% on the year before. Net income was -$814,000, and diluted earnings per share $-0.01. The figures are the company's own, from the 10-K it filed with the SEC on 21 May 2025.

Revenue

$746 million

+13.0% on the year

FY2018FY2025

Operating margin

0.7%

1.7% a year earlier

FY2018FY2025

Net income

-$814,000

FY2018FY2025

Diluted EPS

-$0.01

FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2025 · Q2 FY2025 · Q3 FY2025 · Q4 FY2025

Income statement (profit and loss)

$ million	FY2025	FY2024	FY2023	On the year
Revenue	746	660	597	+13.0%
Cost of revenue	216	179	170	+20.3%
Gross profit	530	480	426	+10.3%
Gross margin	71.0%	72.8%	71.5%
Research and development	177	151	189	+16.8%
Operating income	5.4	11.4	-126	-52.6%
Operating margin	0.7%	1.7%	-21.1%
Pre-tax income	22.8	34.4	-119	-33.5%
Income tax	25.3	24.3	5.3	+4.4%
Effective tax rate	111.0%	70.6%	n/a
Net income	-0.8	11.9	-119
Net margin	-0.1%	1.8%	-19.9%
Diluted EPS	-$0.01	$0.17	-$1.79

$ 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	FY2025	FY2024	FY2023	On the year
Operating cash flow	156	107	39.8	+44.9%
Capital expenditure	1.0	4.3	4.7	-75.5%
Free cash flow	155	103	35.1	+49.8%
Free cash flow margin	20.7%	15.6%	5.9%
Cash from investing	21.4	-174	-29.0
Cash from financing	-103	-59.1	-146
Depreciation and amortisation	17.2	11.5	20.8	+49.5%
Share-based compensation	108	71.3	126	+51.4%
Buybacks	101	60.5	150	+67.3%
Diluted shares, weighted	66m	68m	66m	-2.6%

Balance sheet

$ million	FY2025	FY2024	FY2023	On the year
Shareholders' equity	949	949	926	-0.0%
Debt	0.0	0.0	0.0
Operating lease liabilities	26.9	32.1	37.2	-16.1%
Other liabilities	284	250	209	+13.3%
Total liabilities and equity	1,259	1,231	1,173	+2.3%
Fixed assets	6.2	8.2	7.1	-24.4%
Goodwill	502	502	363	0.0%
Intangible assets	20.2	34.6	9.9	-41.7%
Investments	7.5	32.0	32.8	-76.6%
Cash and equivalents	413	337	464	+22.7%
Receivables	186	190	157	-2.2%
Other assets	124	128	138	-2.7%
Total assets	1,259	1,231	1,173	+2.3%

10-K for the year ended 31 March 2025, filed 21 May 2025: the filing.