10-Q · February 5, 2026
LiveRamp Holdings, Inc. reported a strong performance for the quarter ended December 31, 2025, with revenues of $212.2 million, reflecting an 8.6% increase compared to the prior year. Net earnings surged to $39.9…
Earnings analysis · 10-K
RAMP earnings analysis
Filed May 21, 2026 · Our reading of the company's report
The latest report
LiveRamp reported robust fiscal 2026 results, with revenues reaching $812.9 million, a 9.0% growth year-on-year. The company saw an impressive turnaround to a net income of $145.9 million, driven by substantial…
Read full summary
LiveRamp reported robust fiscal 2026 results, with revenues reaching $812.9 million, a 9.0% growth year-on-year. The company saw an impressive turnaround to a net income of $145.9 million, driven by substantial improvements in revenue from both its subscription services and marketplace offerings, while simultaneously reducing operational costs. Notably, LiveRamp has entered into a merger agreement with Publicis Groupe, valued at $2.5 billion, which is expected to close by the end of the year, indicating strong strategic positioning within the industry.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $2.24
- Segment
- Subscription
- Segment
- Marketplace and Other
What stood out
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Strong Revenue Growth
LiveRamp achieved total revenues of $812.9 million for FY 2026, a 9.0% increase from $745.6 million in FY 2025.
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Net Income Turnaround
The company reported a net income of $145.9 million for FY 2026, up from a net loss of $0.8 million in FY 2025.
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Robust Subscription Revenue
Subscription revenue grew to $614.4 million, an 8.0% increase from $568.9 million in FY 2025.
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Merger with Publicis Group
LiveRamp entered a definitive agreement to be acquired by Publicis Groupe for $2.5 billion, enhancing market position.
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Free Cash Flow and Share Repurchases
LiveRamp generated free cash flow of $167.8 million, with $194.4 million allocated to share repurchases during FY 2026.
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Improved Gross Margin
The gross margin for FY 2026 was 70.7%, slightly down from 71.0% in FY 2025 but indicating strong operational efficiency.
What to watch
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Pending Acquisition Approvals
The merger with Publicis is subject to regulatory approvals, posing risks of delays or changes in transaction terms.
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Foreign Currency Exposure
The company highlighted risks in foreign currency exchange rates due to international operations, affecting future cash flows.
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Litigation and Regulatory Risks
Ongoing legal challenges, including a class-action lawsuit, could lead to unforeseen liabilities impacting financial performance.
Management's outlook
No specific numeric guidance provided; the outlook is subject to the pending merger's completion.
Earlier filings 4
10-Q · November 5, 2025
LiveRamp reported a solid Q3 FY2025 performance, with revenues reaching $199.8 million, an increase of 7.7% year-over-year. Gross margin decreased to 70.2% but operating margin saw a significant improvement,…
10-Q · August 6, 2025
LiveRamp Holdings, Inc. reported a significant improvement in Q2 with revenue reaching $194.8 million, a 10.7% increase compared to the prior year. Gross margin slightly decreased to 70.1%, while net earnings surged to…
10-K · May 21, 2025
LiveRamp Holdings, Inc. reported total revenues of $745.6 million for the fiscal year ending March 31, 2025, representing a 13.0% increase year-over-year. The company faced a net loss of $0.8 million, compared to net…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.