RAMP

MKT CAP:$2B

LiveRamp Holdings, Inc.

Market Cap

$2B

Technology·Software - Infrastructure·🇺🇸 United States·NYSE

Technology·Software Infra·🇺🇸·NYSE

Stock Price

$28.78+$1.36 (+4.96%)

Apr 17, 2026

Company Details

LiveRamp Holdings, Inc., a technology company, provides enterprise data connectivity platform solutions in the United States, Europe, and the Asia-Pacific. The company offers RampID, a true people-based identifier; Safe Haven, an enterprise...

CEO

Scott E. Howe

IPO Date

Dec 14, 1983

Website

www.liveramp.com

Key Metrics TTM

Revenue

$796M

+18.0% YoY

Net Income

$69M

EPS (Diluted)

$1.07

Free Cash Flow

$169M

Revenue / Share

$12.38

Gross Margin

70.4%

Operating Margin

7.1%

Net Margin

8.6%

FCF Margin

21.3%

P/S

2.3x

P/E

26.9x

Earnings Reports

Q3 2026

Feb 5, 2026

$212MEPS $0.62

Q2 2026

Nov 5, 2025

$200M+7.7%EPS $0.42

Q1 2026

Aug 6, 2025

$195M+10.7%EPS $0.12

Q4 2025

May 21, 2025

$189MEPS -$0.09

Q2 2025

Nov 6, 2024

$185MEPS $0.03

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 21	$120M	$83M	-$16M
Q4 21	$119M	$82M	-$52M
Q1 22	$119M	$85M	-$18M
Q2 22	$127M	$92M	-$6M
Q3 22	$141M	$102M	-$14M
Q4 22	$142M	$102M	-$28M
Q1 23	$142M	$101M	-$26M
Q2 23	$147M	$105M	-$29M
Q3 23	$159M	$115M	-$24M
Q1 24	$154M	$108M	$2M
Q1 25	$176M	$124M	-$5M
Q2 25	$185M	$134M	$7M
Q4 25	$189M	$131M	-$12M
Q1 26	$195M	$137M	$7M
Q2 26	$200M	$140M	$21M
Q3 26	$212M	$153M	$40M

Valuation

Quarter	P/S	P/E
Q3 21	4.3x	—
Q4 21	4.2x	—
Q1 22	4.0x	—
Q2 22	3.8x	—
Q3 22	3.7x	—
Q4 22	3.5x	—
Q1 23	3.4x	—
Q2 23	3.2x	—
Q3 23	3.1x	—
Q1 24	3.1x	—
Q1 25	2.9x	—
Q2 25	2.7x	—
Q4 25	2.6x	—
Q1 26	2.5x	—
Q2 26	2.4x	60.4x
Q3 26	2.3x	26.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	$15M	$14M
Q4 21	-$18M	-$18M
Q1 22	-$17M	-$18M
Q2 22	$11M	$10M
Q3 22	$25M	$24M
Q4 22	$59M	$57M
Q1 23	-$33M	-$35M
Q2 23	$21M	$19M
Q3 23	$17M	$16M
Q1 24	$26M	$26M
Q1 25	-$9M	-$10M
Q2 25	$56M	$55M
Q4 25	$62M	$61M
Q1 26	-$16M	-$16M
Q2 26	$57M	$57M
Q3 26	$67M	$67M

Capital Expenditures

Quarter	CapEx
Q3 21	$678.0K
Q4 21	$376.0K
Q1 22	$427.0K
Q2 22	$876.0K
Q3 22	$1M
Q4 22	$2M
Q1 23	$2M
Q2 23	$3M
Q3 23	$179.0K
Q1 24	$53.0K
Q1 25	$226.0K
Q2 25	$241.0K
Q4 25	$293.0K
Q1 26	$336.0K
Q2 26	$589.0K
Q3 26	$162.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 21	+32.8%	-3.5%
Q4 21	+16.6%	+19.1%
Q1 22	+19.7%	+8.9%
Q2 22	+21.6%	+1.5%
Q3 22	+17.4%	+13.9%
Q4 22	+18.9%	-0.8%
Q1 23	+19.5%	+22.8%
Q2 23	+15.6%	+32.0%
Q3 23	+12.8%	+18.2%
Q1 24	+8.7%	-10.5%
Q1 25	+23.7%	+7.8%
Q2 25	+26.1%	+1.0%
Q4 25	+19.0%	+9.7%
Q1 26	+26.5%	+23.6%
Q2 26	+13.6%	-1.4%
Q3 26	+14.4%	-3.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	$24M	20.0%
Q4 21	$0	0.0%
Q1 22	$18M	15.5%
Q2 22	$19M	15.1%
Q3 22	$24M	16.9%
Q4 22	$26M	18.2%
Q1 23	$24M	17.0%
Q2 23	$27M	18.6%
Q3 23	$30M	18.7%
Q1 24	$13M	8.6%
Q1 25	$28M	15.9%
Q2 25	$29M	15.7%
Q4 25	$24M	12.8%
Q1 26	$25M	13.0%
Q2 26	$21M	10.3%
Q3 26	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q3 21	$31M	$24M	$44M
Q4 21	$46M	$32M	$53M
Q1 22	$35M	$24M	$42M
Q2 22	$36M	$23M	$40M
Q3 22	$42M	$28M	$46M
Q4 22	$46M	$30M	$55M
Q1 23	$48M	$27M	$51M
Q2 23	$46M	$29M	$46M
Q3 23	$43M	$37M	$48M
Q1 24	$35M	$27M	$45M
Q1 25	$44M	$31M	$54M
Q2 25	$44M	$31M	$51M
Q4 25	$46M	$32M	$57M
Q1 26	$40M	$37M	$52M
Q2 26	$37M	$33M	$49M
Q3 26	$34M	$29M	$49M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q3 21	32.8%	-7.7%	25.1
Q4 21	16.6%	-37.2%	-20.6
Q1 22	19.7%	-8.2%	11.5
Q2 22	21.6%	-0.3%	21.4
Q3 22	17.4%	-5.7%	11.8
Q4 22	18.9%	-15.4%	3.6
Q1 23	19.5%	-13.4%	6.1
Q2 23	15.6%	-7.0%	8.5
Q3 23	12.8%	-4.5%	8.3
Q1 24	8.7%	4.2%	12.9
Q1 25	23.7%	-0.3%	23.4
Q2 25	26.1%	6.6%	32.7
Q4 25	19.0%	4.8%	23.8
Q1 26	26.5%	5.7%	32.1
Q2 26	13.6%	14.2%	27.7
Q3 26	14.4%	20.2%	34.6

Rule of 40

Revenue Segments

Quarter	Marketplace And Other Member	Subscription Member	Marketplace And Other	Subscription
Q3 21	$26M	$93M	—	—
Q4 21	$25M	$94M	—	—
Q1 22	$23M	$97M	—	—
Q2 22	$22M	$105M	—	—
Q3 22	$29M	$111M	—	—
Q4 22	$26M	$116M	—	—
Q1 23	$27M	$116M	—	—
Q2 23	$27M	$120M	—	—
Q3 23	$32M	$126M	—	—
Q1 24	$32M	$122M	—	—
Q1 25	—	—	$41M	$135M
Q4 25	$44M	$145M	—	—
Q1 26	—	—	$46M	$148M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$600M	$8M	$608M
Q1 23	$508M	$8M	$516M
Q2 23	$486M	$8M	$493M
Q3 23	$454M	$8M	$461M
Q4 23	$464M	$33M	$497M
Q1 24	$471M	$33M	$504M
Q2 24	$492M	$32M	$524M
Q3 24	$499M	$32M	$531M
Q4 24	$337M	$32M	$369M
Q1 25	$310M	$32M	$343M
Q2 25	$339M	$9M	$348M
Q3 25	$377M	$8M	$384M
Q4 25	$413M	$8M	$421M
Q1 26	$364M	$8M	$371M
Q2 26	$369M	$8M	$377M
Q3 26	$396M	$8M	$403M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 21	67M	+0.8%	-1.7%
Q4 21	67M	+0.9%	-0.5%
Q1 22	70M	+3.7%	+6.2%
Q2 22	68M	-2.2%	+3.1%
Q3 22	68M	+0.2%	+2.5%
Q4 22	68M	+0.1%	+1.7%
Q1 23	68M	+0.2%	-1.7%
Q2 23	67M	-1.9%	-1.4%
Q3 23	65M	-3.4%	-5.0%
Q1 24	66M	+2.6%	-2.6%
Q1 25	67M	+0.2%	-2.6%
Q2 25	67M	+1.0%	+0.3%
Q4 25	67M	0.0%	+3.9%
Q1 26	67M	-0.9%	+0.4%
Q2 26	66M	-1.4%	-1.3%
Q3 26	64M	-2.3%	-4.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 21	$104.1K	1K
Q4 21	$99.3K	1K
Q1 22	$99.2K	1K
Q2 22	$106.1K	1K
Q3 22	$117.2K	1K
Q4 22	$101.2K	1K
Q1 23	$101.6K	1K
Q2 23	$105.1K	1K
Q3 23	$113.3K	1K
Q1 24	$112.5K	1K
Q1 25	$125.7K	1K
Q2 25	$132.5K	1K
Q4 25	$145.2K	1K
Q1 26	$149.9K	1K
Q2 26	$153.7K	1K
Q3 26	$163.2K	1K

Revenue / Employee