Rambus (RMBS) Financials

$53.48 -1.04 (-1.91%)

Closing price 05/23/2025 04:00 PM Eastern

Extended Trading

$54.00 +0.52 (+0.97%)

As of 05/23/2025 06:35 PM Eastern

Annual Income Statements for Rambus

This table shows Rambus' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	180	334	-14	18	-40	-86	-158	-23	6.82	211
Consolidated Net Income / (Loss)	180	334	-14	18	-40	-86	-158	-23	6.82	211
Net Income / (Loss) Continuing Operations	180	334	-14	18	-40	-86	-158	-23	6.82	211
Total Pre-Tax Income	200	187	-7.83	23	-37	-83	-71	41	23	60
Total Operating Income	183	154	77	24	-44	-100	-87	54	34	71
Total Gross Profit	447	358	347	258	186	176	178	314	270	251
Total Revenue	557	461	455	328	246	228	231	393	337	296
Operating Revenue	557	461	455	328	246	228	231	393	337	296
Total Cost of Revenue	110	103	108	70	61	51	54	79	67	45
Operating Cost of Revenue	110	103	108	70	61	51	54	79	67	45
Total Operating Expenses	264	204	270	234	230	276	264	260	236	180
Selling, General & Admin Expense	104	108	107	91	86	101	98	111	95	71
Research & Development Expense	163	157	159	136	140	157	158	149	130	111
Amortization Expense	0.51	1.22	1.67	1.23	1.06	2.74	5.66	-	-	-
Other Operating Expenses / (Income)	0.00	-91	0.00	0.00	-	7.44	0.00	0.00	-	-
Impairment Charge	1.07	10	0.00	0.00	-	-	-	-	18	0.00
Restructuring Charge	0.00	9.37	0.00	0.37	4.09	8.82	2.22	0.00	0.00	3.58
Other Special Charges / (Income)	-5.04	9.23	3.11	5.30	-1.80	0.00	0.00	-0.53	-7.42	-5.73
Total Other Income / (Expense), net	17	34	-85	-1.00	7.52	18	16	-13	-11	-11
Interest Expense	1.42	1.49	86	11	10	9.85	16	15	13	12
Interest & Investment Income	0.00	24	0.00	0.00	-	27	33	1.38	1.74	1.22
Other Income / (Expense), net	18	11	0.73	9.71	18	-	-	-	-	-
Income Tax Expense	20	-147	6.49	4.95	3.93	3.42	87	64	16	-151
Basic Earnings per Share	$1.67	$3.09	($0.13)	$0.17	($0.36)	($0.77)	($1.46)	($0.21)	$0.06	$1.84
Weighted Average Basic Shares Outstanding	107.44M	108.18M	109.47M	110.54M	113.25M	110.95M	108.45M	110.20M	110.16M	114.81M
Diluted Earnings per Share	$1.65	$3.01	($0.13)	$0.16	($0.36)	($0.77)	($1.46)	($0.21)	$0.06	$1.80
Weighted Average Diluted Shares Outstanding	109.04M	110.89M	109.47M	114.87M	113.25M	110.95M	108.45M	110.20M	113.14M	117.48M
Weighted Average Basic & Diluted Shares Outstanding	106.86M	107.89M	107.85M	109.32M	111.73M	112.43M	108.20M	108.90M	113.70M	114.90M

This table shows Rambus' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	60	62	49	36	33	59	103	169	3.28	16	0.94
Consolidated Net Income / (Loss)	60	62	49	36	33	59	103	169	3.28	16	0.94
Net Income / (Loss) Continuing Operations	60	62	49	36	33	59	103	169	3.28	16	0.94
Total Pre-Tax Income	68	62	59	44	34	63	107	14	3.48	16	3.44
Total Operating Income	63	58	55	40	30	35	105	12	1.94	16	17
Total Gross Profit	134	130	117	105	94	98	81	96	82	89	85
Total Revenue	167	161	146	132	118	122	105	120	114	122	112
Operating Revenue	167	161	146	132	118	122	105	120	114	122	112
Total Cost of Revenue	33	32	28	27	24	24	24	24	32	33	27
Operating Cost of Revenue	33	32	28	27	24	24	24	24	32	33	27
Total Operating Expenses	71	72	63	65	64	63	-24	85	80	73	68
Selling, General & Admin Expense	28	28	26	24	26	26	25	26	31	27	26
Research & Development Expense	43	44	41	41	37	36	37	42	42	40	39
Amortization Expense	0.00	0.03	0.09	0.19	0.20	0.20	0.26	0.38	0.38	0.42	0.43
Other Special Charges / (Income)	0.00	-	-4.54	-1.20	0.70	1.10	-5.67	6.90	6.90	5.00	2.41
Total Other Income / (Expense), net	4.48	4.44	4.34	4.03	4.22	28	2.36	1.86	1.54	0.35	-13
Interest Expense	0.38	0.35	0.33	0.37	0.37	0.38	0.36	0.38	0.38	0.48	18
Other Income / (Expense), net	4.86	4.80	4.67	4.40	4.59	4.22	2.72	2.24	1.92	4.38	0.54
Income Tax Expense	7.32	0.10	10	8.30	1.45	4.35	4.03	-155	0.20	0.54	2.50
Basic Earnings per Share	$0.56	$0.59	$0.45	$0.33	$0.30	$0.56	$0.95	$1.55	$0.03	$0.14	$0.01
Weighted Average Basic Shares Outstanding	107.24M	107.44M	107.24M	107.72M	108.09M	108.18M	108.32M	109.04M	108.28M	109.47M	109.97M
Diluted Earnings per Share	$0.56	$0.57	$0.45	$0.33	$0.30	$0.54	$0.93	$1.51	$0.03	$0.15	$0.01
Weighted Average Diluted Shares Outstanding	108.63M	109.04M	108.47M	109.05M	110.04M	110.89M	110.78M	111.60M	111.15M	109.47M	111.96M
Weighted Average Basic & Diluted Shares Outstanding	107.41M	106.86M	106.58M	107.68M	107.78M	107.89M	107.51M	109.13M	108.85M	107.85M	107.48M

This table details how cash moves in and out of Rambus' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	5.01	-31	17	-21	27	-14	-110	91	-8.47	-10
Net Cash From Operating Activities	231	196	230	209	185	129	86	117	96	77
Net Cash From Continuing Operating Activities	231	196	230	209	185	129	86	117	96	77
Net Income / (Loss) Continuing Operations	180	334	-14	18	-40	-86	-158	-23	6.82	211
Consolidated Net Income / (Loss)	180	334	-14	18	-40	-86	-158	-23	6.82	211
Depreciation Expense	31	34	32	27	30	24	11	13	13	12
Amortization Expense	12	15	16	25	26	24	39	50	44	31
Non-Cash Adjustments To Reconcile Net Income	67	29	234	146	183	173	166	29	37	11
Changes in Operating Assets and Liabilities, net	-59	-216	-37	-6.99	-12	-6.41	28	49	-4.63	-189
Net Cash From Investing Activities	-57	-57	152	-116	-98	-141	-67	-75	-105	1.09
Net Cash From Continuing Investing Activities	-57	-57	152	-116	-98	-141	-67	-75	-105	1.09
Purchase of Property, Plant & Equipment	-31	-23	-17	-14	-30	-6.47	-11	-9.39	-8.56	-6.13
Acquisitions	0.00	0.00	-19	-97	0.00	-67	-0.35	-0.12	-203	0.00
Purchase of Investments	-415	-434	-151	-568	-910	-658	-285	-102	-55	-158
Divestitures	23	106	0.00	0.00	-	76	0.00	0.00	-	-
Sale and/or Maturity of Investments	367	294	336	563	843	514	224	36	161	161
Other Investing Activities, net	0.00	0.00	3.01	0.00	-1.13	0.00	0.00	-	-	-
Net Cash From Financing Activities	-168	-170	-363	-114	-61	-0.30	-128	46	2.70	-89
Net Cash From Continuing Financing Activities	-168	-170	-363	-114	-61	-0.30	-128	46	2.70	-89
Repayment of Debt	0.00	-10	-166	0.00	0.00	-	-81	-76	0.00	0.00
Repurchase of Common Equity	-113	-101	-100	-100	-50	0.00	-50	-50	0.00	-100
Issuance of Common Equity	5.47	8.95	6.14	8.96	11	15	11	39	15	14
Other Financing Activities, net	-60	-68	-102	-23	-23	-15	-7.85	-39	-13	-2.25
Effect of Exchange Rate Changes	-0.88	0.31	-2.01	-0.41	0.11	-0.50	-0.99	2.14	-1.57	-0.12
Cash Interest Paid	0.00	0.07	1.53	2.37	2.37	2.37	3.04	1.55	1.55	1.55
Cash Income Taxes Paid	27	26	25	23	21	18	24	23	27	22

This table details how cash moves in and out of Rambus' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	32	-14	-11	12	18	-37	9.77	22	-26	-16	-30
Net Cash From Operating Activities	77	59	62	70	39	55	52	50	39	51	80
Net Cash From Continuing Operating Activities	77	59	62	70	39	55	52	50	39	51	80
Net Income / (Loss) Continuing Operations	60	62	49	36	33	59	103	169	3.28	16	0.94
Consolidated Net Income / (Loss)	60	62	49	36	33	59	103	169	3.28	16	0.94
Depreciation Expense	8.12	7.98	7.76	7.52	7.72	7.08	7.93	9.80	8.87	8.41	8.22
Amortization Expense	1.71	2.33	2.89	3.24	3.25	3.25	3.61	3.94	3.94	4.18	4.01
Non-Cash Adjustments To Reconcile Net Income	12	12	14	20	21	-2.07	-44	26	49	45	55
Changes in Operating Assets and Liabilities, net	-4.69	-25	-12	3.49	-25	-12	-19	-158	-27	-22	12
Net Cash From Investing Activities	-8.37	-70	-18	-41	71	-88	66	-24	-11	-66	50
Net Cash From Continuing Investing Activities	-8.37	-70	-18	-41	71	-88	66	-24	-11	-66	50
Purchase of Property, Plant & Equipment	-7.87	-6.49	-9.87	-11	-3.01	-0.79	-7.97	-6.75	-7.74	-4.83	-6.22
Purchase of Investments	-91	-137	-54	-112	-113	-136	-161	-92	-46	-70	-24
Divestitures	0.00	-	-	-	23	-	106	-	0.00	-	-
Sale and/or Maturity of Investments	91	74	46	82	164	48	129	74	43	6.28	81
Net Cash From Financing Activities	-37	-2.66	-55	-18	-92	-4.24	-107	-4.09	-54	-2.51	-159
Net Cash From Continuing Financing Activities	-37	-2.66	-55	-18	-92	-4.24	-107	-4.09	-54	-2.51	-159
Repurchase of Common Equity	-2.16	-	-50	-13	-51	-0.20	-100	-	0.00	-0.01	-
Issuance of Common Equity	0.00	2.02	0.10	3.13	0.22	2.50	1.37	4.31	0.77	2.36	0.05
Other Financing Activities, net	-35	-4.68	-5.37	-8.34	-42	-6.54	-8.13	-8.40	-45	-97	0.78
Effect of Exchange Rate Changes	0.12	-0.79	0.36	-0.16	-0.30	0.47	-0.59	0.24	0.19	0.51	-1.47

This table presents Rambus' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	1,343	1,258	1,013	1,233	1,251	1,343	1,361	891	783	718
Total Current Assets	690	631	527	684	700	665	528	372	217	316
Cash & Equivalents	100	95	125	108	129	102	116	226	135	144
Short-Term Investments	382	331	188	378	374	305	162	104	37	144
Accounts Receivable	148	134	181	180	167	228	227	26	21	16
Inventories, net	45	36	21	8.48	14	10	6.77	5.16	5.63	1.08
Prepaid Expenses	16	35	12	11	16	19	16	11	18	10
Plant, Property, & Equipment, net	76	68	86	56	58	46	57	54	58	57
Total Noncurrent Assets	577	560	398	492	494	633	776	465	508	346
Goodwill	287	287	292	279	183	183	207	210	205	117
Intangible Assets	17	29	51	58	36	55	60	92	132	64
Noncurrent Deferred & Refundable Income Taxes	136	217	3.03	4.05	4.35	4.57	4.44	159	168	162
Other Noncurrent Operating Assets	137	28	27	28	33	43	7.83	4.54	2.75	2.17
Total Liabilities & Shareholders' Equity	1,343	1,258	1,013	1,233	1,251	1,343	1,361	891	783	718
Total Liabilities	222	220	233	370	339	368	349	319	231	191
Total Current Liabilities	82	89	127	267	86	86	69	133	51	28
Accounts Payable	19	18	25	11	8.99	9.55	7.39	9.61	9.79	4.10
Accrued Expenses	17	27	24	20	19	19	9.19	9.16	10	6.21
Current Deferred Revenue	20	17	24	25	10	12	19	18	17	5.78
Current Deferred & Payable Income Tax Liabilities	1.26	5.10	18	21	20	19	16	0.26	-	-
Current Employee Benefit Liabilities	19	18	21	21	23	20	17	17	14	12
Other Current Liabilities	5.62	4.45	5.02	5.99	4.72	6.36	0.00	-	-	-
Total Noncurrent Liabilities	141	131	107	103	253	282	280	187	179	163
Noncurrent Deferred Revenue	109	79	5.89	21	41	60	77	3.34	-	-
Other Noncurrent Operating Liabilities	31	52	76	58	41	59	42	38	42	44
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,121	1,038	779	862	913	975	1,012	572	553	527
Total Preferred & Common Equity	1,121	1,038	779	862	913	975	1,012	572	553	527
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,121	1,038	779	862	913	975	1,012	572	553	527
Common Stock	1,276	1,325	1,298	1,299	1,271	1,261	1,227	1,213	1,181	1,130
Retained Earnings	-154	-286	-513	-435	-358	-286	-204	-636	-615	-604
Accumulated Other Comprehensive Income / (Loss)	-1.26	-1.27	-4.96	-1.45	-0.08	-0.09	-10	-5.10	-14	0.37

This table presents Rambus' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	1,379	1,252	1,251	1,209	1,184	1,127	963	969
Total Current Assets	719	612	610	576	551	536	493	474
Cash & Equivalents	132	114	125	113	132	122	100	142
Short-Term Investments	382	319	308	278	244	210	192	123
Accounts Receivable	143	118	113	125	129	158	160	181
Inventories, net	45	49	53	48	35	34	26	14
Prepaid Expenses	18	12	12	12	11	12	15	15
Plant, Property, & Equipment, net	82	73	75	67	73	87	89	79
Total Noncurrent Assets	578	566	566	565	560	503	380	416
Goodwill	287	287	287	287	287	292	292	292
Intangible Assets	15	19	22	26	32	43	47	55
Noncurrent Deferred & Refundable Income Taxes	134	129	130	132	131	140	2.62	2.80
Other Noncurrent Operating Assets	142	131	122	117	110	25	39	29
Total Liabilities & Shareholders' Equity	1,379	1,252	1,251	1,209	1,184	1,127	963	969
Total Liabilities	220	213	222	217	229	182	201	219
Total Current Liabilities	71	74	85	83	84	101	96	116
Accounts Payable	16	20	27	25	16	18	18	20
Accrued Expenses	6.20	15	21	20	25	28	21	20
Current Deferred Revenue	20	18	15	16	17	17	21	23
Current Employee Benefit Liabilities	14	14	16	13	13	22	16	17
Other Current Liabilities	14	5.40	5.03	4.72	4.17	4.10	4.29	16
Total Noncurrent Liabilities	149	138	137	135	145	80	105	103
Noncurrent Deferred Revenue	115	101	93	86	78	1.97	3.96	7.82
Other Noncurrent Operating Liabilities	34	37	40	45	61	72	74	69
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,160	1,039	1,029	992	956	946	762	750
Total Preferred & Common Equity	1,160	1,039	1,029	992	956	946	762	750
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,160	1,039	1,029	992	956	946	762	750
Common Stock	1,254	1,255	1,295	1,294	1,302	1,301	1,287	1,266
Retained Earnings	-93	-216	-265	-301	-344	-353	-521	-509
Accumulated Other Comprehensive Income / (Loss)	-0.84	-0.44	-1.97	-1.86	-2.37	-3.03	-3.54	-6.77

This table displays calculated financial ratios and metrics derived from Rambus' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	20.71%	1.39%	38.53%	33.28%	8.22%	-1.56%	-41.18%	16.79%	13.61%	-0.09%
EBITDA Growth	14.54%	70.51%	45.49%	193.96%	155.59%	-39.71%	-132.11%	29.54%	-21.48%	-11.59%
EBIT Growth	22.30%	112.07%	128.51%	229.75%	73.84%	-15.15%	-259.85%	61.72%	-52.90%	-5.21%
NOPAT Growth	-39.98%	408.92%	181.73%	161.99%	56.01%	-15.15%	-100.61%	-399.40%	-95.96%	538.03%
Net Income Growth	-46.15%	2,433.36%	-178.05%	145.30%	52.92%	45.58%	-590.92%	-435.22%	-96.77%	706.79%
EPS Growth	-45.18%	2,415.38%	-181.25%	144.44%	53.25%	47.26%	-595.24%	-450.00%	-96.67%	718.18%
Operating Cash Flow Growth	17.78%	-15.02%	10.12%	12.81%	44.29%	49.07%	-26.58%	22.84%	23.77%	1.02%
Free Cash Flow Firm Growth	-0.30%	17.31%	163.54%	-62.59%	33.32%	118.64%	-2,467.97%	114.68%	-239.76%	68.03%
Invested Capital Growth	4.35%	28.50%	-11.85%	-4.52%	-20.99%	-18.23%	92.12%	-10.00%	41.46%	73.40%
Revenue Q/Q Growth	7.51%	-0.03%	7.21%	10.01%	-0.65%	-2.17%	-12.60%	1.11%	6.58%	1.62%
EBITDA Q/Q Growth	10.55%	8.42%	8.10%	24.79%	139.90%	-1.48%	-244.73%	14.55%	-13.57%	2.13%
EBIT Q/Q Growth	13.09%	12.90%	14.65%	118.39%	37.42%	-4.83%	-29.71%	38.75%	-37.06%	4.00%
NOPAT Q/Q Growth	16.89%	-1.64%	10.27%	12,596.16%	-5.23%	-4.83%	-29.71%	-311.26%	-65.18%	1.49%
Net Income Q/Q Growth	2.08%	14.62%	40.76%	10,436.78%	-20.83%	-3.69%	17.78%	-331.84%	-70.68%	2.50%
EPS Q/Q Growth	1.85%	14.89%	43.48%	0.00%	-24.14%	-2.67%	17.51%	-333.33%	-73.91%	4.65%
Operating Cash Flow Q/Q Growth	1.83%	1.85%	-8.31%	16.81%	3.72%	0.98%	-22.78%	27.70%	12.42%	-3.14%
Free Cash Flow Firm Q/Q Growth	20.45%	-24.71%	-23.28%	1,682.43%	38.71%	-28.73%	-17.34%	486.60%	-2.51%	-5.47%
Invested Capital Q/Q Growth	5.38%	5.56%	-1.77%	-8.37%	-4.41%	1.24%	-2.68%	-15.13%	-3.75%	-1.14%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	80.22%	77.57%	76.35%	78.56%	75.34%	77.43%	76.77%	79.87%	80.07%	84.70%
EBITDA Margin	43.86%	46.23%	27.49%	26.17%	11.87%	-23.10%	-16.28%	29.82%	26.89%	38.90%
Operating Margin	32.88%	33.32%	16.92%	7.40%	-17.88%	-44.00%	-37.62%	13.84%	9.99%	24.11%
EBIT Margin	36.19%	35.72%	17.08%	10.35%	-10.64%	-44.00%	-37.62%	13.84%	9.99%	24.11%
Profit (Net Income) Margin	32.31%	72.41%	-3.15%	5.58%	-16.43%	-37.77%	-68.32%	-5.82%	2.03%	71.35%
Tax Burden Percent	89.89%	178.41%	182.88%	78.73%	110.76%	104.14%	223.65%	-55.78%	30.13%	350.96%
Interest Burden Percent	99.30%	113.62%	-10.07%	68.50%	139.47%	82.43%	81.21%	75.34%	67.29%	84.33%
Effective Tax Rate	10.11%	-78.41%	0.00%	21.27%	0.00%	0.00%	0.00%	155.78%	69.87%	-250.96%
Return on Invested Capital (ROIC)	26.30%	50.35%	10.59%	3.46%	-4.81%	-8.80%	-9.14%	-6.30%	2.34%	88.75%
ROIC Less NNEP Spread (ROIC-NNEP)	22.92%	33.94%	32.41%	3.69%	-1.63%	-0.76%	68.12%	-15.57%	5.44%	110.98%
Return on Net Nonoperating Assets (RNNOA)	-9.64%	-13.61%	-12.34%	-1.39%	0.52%	0.15%	-10.81%	2.24%	-1.08%	-42.71%
Return on Equity (ROE)	16.66%	36.75%	-1.74%	2.07%	-4.29%	-8.65%	-19.95%	-4.07%	1.26%	46.05%
Cash Return on Invested Capital (CROIC)	22.04%	25.41%	23.18%	8.08%	18.65%	11.26%	-72.21%	4.22%	-32.00%	35.06%
Operating Return on Assets (OROA)	15.49%	14.51%	6.92%	2.74%	-2.02%	-7.41%	-7.72%	6.50%	4.48%	10.93%
Return on Assets (ROA)	13.83%	29.41%	-1.27%	1.48%	-3.12%	-6.36%	-14.03%	-2.73%	0.91%	32.36%
Return on Common Equity (ROCE)	16.66%	36.75%	-1.74%	2.07%	-4.29%	-8.65%	-19.95%	-4.07%	1.26%	46.05%
Return on Equity Simple (ROE_SIMPLE)	16.05%	32.16%	-1.84%	2.13%	-4.43%	-8.81%	-15.61%	-4.00%	1.23%	40.15%
Net Operating Profit after Tax (NOPAT)	165	274	54	19	-31	-70	-61	-30	10	251
NOPAT Margin	29.55%	59.44%	11.84%	5.82%	-12.52%	-30.80%	-26.33%	-7.72%	3.01%	84.60%
Net Nonoperating Expense Percent (NNEP)	3.37%	16.41%	-21.82%	-0.23%	-3.18%	-8.04%	-77.26%	9.27%	-3.09%	-22.23%
Return On Investment Capital (ROIC_SIMPLE)	14.68%	26.40%	6.82%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	19.78%	22.43%	23.65%	21.44%	24.66%	22.57%	23.23%	20.13%	19.93%	15.30%
SG&A Expenses to Revenue	18.70%	23.45%	23.47%	27.74%	35.09%	44.18%	42.50%	28.22%	28.27%	23.81%
R&D to Revenue	29.26%	34.01%	34.91%	41.33%	56.77%	68.90%	68.49%	37.94%	38.58%	37.50%
Operating Expenses to Revenue	47.34%	44.25%	59.43%	71.16%	93.22%	121.43%	114.39%	66.03%	70.07%	60.59%
Earnings before Interest and Taxes (EBIT)	201	165	78	34	-26	-100	-87	54	34	71
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	244	213	125	86	29	-53	-38	117	90	115
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.03	7.07	4.94	3.73	2.18	1.57	0.82	2.73	2.75	2.57
Price to Tangible Book Value (P/TBV)	6.90	10.16	8.82	6.12	2.87	2.08	1.12	5.78	7.05	3.91
Price to Revenue (P/Rev)	10.12	15.91	8.47	9.79	8.08	6.75	3.60	3.97	4.52	4.56
Price to Earnings (P/E)	31.33	21.97	0.00	175.32	0.00	0.00	0.00	0.00	223.01	6.39
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.19%	4.55%	0.00%	0.57%	0.00%	0.00%	0.00%	0.00%	0.45%	15.65%
Enterprise Value to Invested Capital (EV/IC)	8.06	11.29	7.45	5.35	2.90	1.78	0.79	3.17	2.91	3.30
Enterprise Value to Revenue (EV/Rev)	9.26	14.99	7.80	8.81	6.67	5.61	3.01	3.68	4.38	3.99
Enterprise Value to EBITDA (EV/EBITDA)	21.10	32.43	28.38	33.66	56.19	0.00	0.00	12.33	16.30	10.26
Enterprise Value to EBIT (EV/EBIT)	25.57	41.96	45.67	85.09	0.00	0.00	0.00	26.57	43.84	16.55
Enterprise Value to NOPAT (EV/NOPAT)	31.32	25.22	65.86	151.29	0.00	0.00	0.00	0.00	145.52	4.72
Enterprise Value to Operating Cash Flow (EV/OCF)	22.34	35.30	15.40	13.82	8.86	9.93	8.08	12.31	15.43	15.31
Enterprise Value to Free Cash Flow (EV/FCFF)	37.37	49.98	30.09	64.66	13.74	14.24	0.00	71.16	0.00	11.94
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.01	0.19	0.17	0.15	0.14	0.37	0.23	0.23
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.17	0.15	0.14	0.24	0.23	0.23
Financial Leverage	-0.42	-0.40	-0.38	-0.38	-0.32	-0.20	-0.16	-0.14	-0.20	-0.38
Leverage Ratio	1.21	1.25	1.37	1.40	1.37	1.36	1.42	1.49	1.39	1.42
Compound Leverage Factor	1.20	1.42	-0.14	0.96	1.92	1.12	1.15	1.12	0.94	1.20
Debt to Total Capital	0.00%	0.00%	1.31%	15.95%	14.60%	13.24%	12.30%	27.23%	18.58%	18.49%
Short-Term Debt to Total Capital	0.00%	0.00%	1.31%	15.95%	0.00%	0.00%	0.00%	9.99%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	14.60%	13.24%	12.30%	17.24%	18.58%	18.49%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	98.69%	84.05%	85.40%	86.76%	87.70%	72.77%	81.42%	81.51%
Debt to EBITDA	0.00	0.00	0.08	1.91	5.34	-2.83	-3.77	1.82	1.39	1.04
Net Debt to EBITDA	0.00	0.00	-2.42	-3.75	-11.86	4.92	3.61	-0.99	-0.51	-1.46
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	5.34	-2.83	-3.77	1.16	1.39	1.04
Debt to NOPAT	0.00	0.00	0.19	8.56	-5.06	-2.12	-2.33	-7.05	12.45	0.48
Net Debt to NOPAT	0.00	0.00	-5.62	-16.84	11.24	3.69	2.23	3.81	-4.54	-0.67
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	-5.06	-2.12	-2.33	-4.46	12.45	0.48
Altman Z-Score	16.49	21.00	10.37	5.48	3.84	2.65	1.58	2.90	3.68	4.27
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	8.44	7.08	4.16	2.56	8.15	7.71	7.62	2.80	4.23	11.13
Quick Ratio	7.70	6.28	3.90	2.49	7.80	7.38	7.29	2.67	3.77	10.72
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	138	138	118	45	120	90	-481	20	-138	99
Operating Cash Flow to CapEx	751.21%	842.45%	1,318.19%	1,516.94%	623.85%	1,994.96%	1,412.57%	1,255.74%	1,132.32%	3,512.69%
Free Cash Flow to Firm to Interest Expense	97.37	92.81	1.38	4.18	11.56	9.10	-29.55	1.37	-10.86	7.98
Operating Cash Flow to Interest Expense	162.85	131.40	2.69	19.54	17.94	13.05	5.30	7.93	7.50	6.22
Operating Cash Flow Less CapEx to Interest Expense	141.17	115.80	2.49	18.25	15.06	12.39	4.92	7.30	6.84	6.05
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.43	0.41	0.41	0.26	0.19	0.17	0.21	0.47	0.45	0.45
Accounts Receivable Turnover	3.95	2.93	2.52	1.90	1.25	1.00	1.83	16.73	17.95	26.44
Inventory Turnover	2.73	3.63	7.32	6.14	4.95	6.10	9.00	14.67	19.99	0.00
Fixed Asset Turnover	7.77	5.99	6.39	5.77	4.77	4.44	4.15	6.97	5.85	4.91
Accounts Payable Turnover	6.02	4.82	5.96	6.94	6.55	6.07	6.32	8.16	9.66	8.20
Days Sales Outstanding (DSO)	92.35	124.62	144.76	192.55	292.75	365.54	200.00	21.82	20.34	13.80
Days Inventory Outstanding (DIO)	133.90	100.68	49.84	59.49	73.76	59.88	40.55	24.88	18.26	0.00
Days Payable Outstanding (DPO)	60.66	75.68	61.23	52.56	55.70	60.18	57.79	44.75	37.78	44.51
Cash Conversion Cycle (CCC)	165.60	149.61	133.37	199.49	310.80	365.25	182.75	1.95	0.82	-30.70
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	639	612	476	540	566	716	876	456	507	358
Invested Capital Turnover	0.89	0.85	0.89	0.59	0.38	0.29	0.35	0.82	0.78	1.05
Increase / (Decrease) in Invested Capital	27	136	-64	-26	-150	-160	420	-51	149	152
Enterprise Value (EV)	5,152	6,912	3,547	2,892	1,642	1,277	696	1,446	1,475	1,182
Market Capitalization	5,634	7,338	3,850	3,214	1,989	1,536	832	1,561	1,521	1,351
Book Value per Share	$10.52	$9.66	$7.25	$7.89	$8.01	$8.75	$9.33	$5.21	$5.00	$4.52
Tangible Book Value per Share	$7.66	$6.72	$4.06	$4.80	$6.08	$6.61	$6.87	$2.46	$1.95	$2.96
Total Capital	1,121	1,038	790	1,026	1,069	1,124	1,154	785	679	646
Total Debt	0.00	0.00	10	164	156	149	142	214	126	119
Total Long-Term Debt	0.00	0.00	0.00	0.00	156	149	142	135	126	119
Net Debt	-482	-426	-303	-322	-347	-259	-136	-115	-46	-168
Capital Expenditures (CapEx)	31	23	17	14	30	6.44	6.10	9.35	8.44	2.20
Debt-free, Cash-free Net Working Capital (DFCFNWC)	127	116	98	95	111	171	181	-12	-6.70	-0.48
Debt-free Net Working Capital (DFNWC)	608	542	411	581	614	578	458	317	165	287
Net Working Capital (NWC)	608	542	401	417	614	578	458	239	165	287
Net Nonoperating Expense (NNE)	-15	-60	68	0.78	9.63	16	97	-7.48	3.32	39
Net Nonoperating Obligations (NNO)	-482	-426	-303	-322	-347	-259	-136	-115	-46	-168
Total Depreciation and Amortization (D&A)	43	48	47	52	55	48	49	63	57	44
Debt-free, Cash-free Net Working Capital to Revenue	22.75%	25.09%	21.47%	28.99%	45.14%	75.05%	78.16%	-3.06%	-1.99%	-0.16%
Debt-free Net Working Capital to Revenue	109.31%	117.44%	90.35%	176.90%	249.21%	254.17%	198.30%	80.73%	49.16%	96.94%
Net Working Capital to Revenue	109.31%	117.44%	88.06%	127.05%	249.21%	254.17%	198.30%	60.77%	49.16%	96.94%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.67	$3.09	($0.13)	$0.17	($0.39)	($0.81)	($1.46)	($0.21)	$0.06	$1.84
Adjusted Weighted Average Basic Shares Outstanding	107.44M	108.18M	109.47M	110.54M	113.25M	110.95M	108.45M	110.20M	110.16M	114.81M
Adjusted Diluted Earnings per Share	$1.65	$3.01	($0.13)	$0.16	($0.39)	($0.81)	($1.46)	($0.21)	$0.06	$1.80
Adjusted Weighted Average Diluted Shares Outstanding	109.04M	110.89M	109.47M	114.87M	113.25M	110.95M	108.45M	110.20M	113.14M	117.48M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	($0.13)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.06	$1.84
Adjusted Weighted Average Basic & Diluted Shares Outstanding	106.86M	107.89M	107.85M	109.32M	111.73M	112.43M	109.04M	109.85M	111.18M	109.51M
Normalized Net Operating Profit after Tax (NOPAT)	161	128	56	24	-29	-64	-59	38	31	48
Normalized NOPAT Margin	28.91%	27.67%	12.32%	7.18%	-11.87%	-28.09%	-25.66%	9.59%	9.26%	16.37%
Pre Tax Income Margin	35.94%	40.59%	-1.72%	7.09%	-14.83%	-36.27%	-30.55%	10.43%	6.73%	20.33%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	142.27	110.55	0.91	3.18	-2.53	-10.16	-5.34	3.68	2.64	5.75
NOPAT to Interest Expense	116.18	183.96	0.63	1.79	-2.98	-7.12	-3.74	-2.05	0.80	20.19
EBIT Less CapEx to Interest Expense	120.59	94.96	0.70	1.89	-5.41	-10.82	-5.72	3.04	1.98	5.58
NOPAT Less CapEx to Interest Expense	94.50	168.36	0.43	0.50	-5.86	-7.77	-4.11	-2.68	0.13	20.02
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	63.01%	30.11%	-701.75%	545.88%	-123.72%	0.00%	-31.68%	-218.87%	0.00%	47.36%

This table displays calculated financial ratios and metrics derived from Rambus' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	41.40%	31.81%	38.19%	10.27%	3.61%	-0.12%	-6.19%	-1.07%	14.85%	33.33%	38.09%
EBITDA Growth	70.35%	46.89%	-41.23%	100.44%	173.92%	50.02%	301.26%	-44.51%	35.30%	39.45%	45.60%
EBIT Growth	95.86%	59.25%	-44.82%	221.03%	798.73%	91.74%	516.22%	-63.62%	176.32%	93.71%	135.26%
NOPAT Growth	95.14%	76.64%	-55.33%	-77.50%	1,476.90%	109.50%	2,084.87%	344.03%	-68.58%	123.93%	27.11%
Net Income Growth	83.30%	6.25%	-52.84%	-78.65%	902.68%	267.08%	10,890.20%	382.24%	104.95%	161.24%	-74.46%
EPS Growth	86.67%	5.56%	-51.61%	-78.15%	900.00%	260.00%	9,200.00%	387.10%	105.00%	200.00%	-66.67%
Operating Cash Flow Growth	97.89%	7.54%	20.33%	39.61%	0.55%	6.94%	-35.51%	-10.72%	-8.70%	-28.93%	73.90%
Free Cash Flow Firm Growth	111.16%	130.19%	216.70%	157.55%	-457.03%	-229.47%	-94.57%	-67.61%	-119.38%	144.39%	1,725.93%
Invested Capital Growth	7.48%	4.35%	4.53%	-2.76%	27.88%	28.50%	19.58%	25.98%	4.49%	-11.85%	-17.77%
Revenue Q/Q Growth	3.45%	10.71%	10.12%	12.10%	-3.56%	16.08%	-12.13%	5.34%	-7.03%	9.02%	-7.34%
EBITDA Q/Q Growth	6.67%	4.22%	26.19%	21.42%	-8.02%	-58.30%	330.37%	65.93%	-49.62%	11.54%	-40.48%
EBIT Q/Q Growth	8.53%	5.55%	32.74%	28.82%	-11.76%	-63.43%	672.28%	260.63%	-81.17%	17.53%	-54.41%
NOPAT Q/Q Growth	-2.52%	28.12%	37.54%	13.60%	-11.76%	-67.60%	-30.73%	7,862.55%	-88.28%	237.91%	-85.92%
Net Income Q/Q Growth	-3.05%	27.82%	34.97%	9.60%	-43.81%	-43.27%	-38.89%	5,047.21%	-79.43%	1,598.51%	-97.32%
EPS Q/Q Growth	-1.75%	26.67%	36.36%	10.00%	-44.44%	-41.94%	-38.41%	4,933.33%	-80.00%	1,400.00%	-96.77%
Operating Cash Flow Q/Q Growth	31.25%	-4.98%	-11.85%	80.02%	-28.68%	6.32%	2.27%	29.65%	-24.14%	-35.88%	41.58%
Free Cash Flow Firm Q/Q Growth	-63.39%	65.40%	-62.13%	148.69%	0.99%	-1,835.00%	-69.21%	205.30%	-123.01%	-27.23%	83.69%
Invested Capital Q/Q Growth	1.03%	5.38%	1.72%	-0.75%	-1.91%	5.56%	-5.37%	30.52%	-1.44%	-1.77%	-0.31%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	80.29%	80.44%	80.69%	79.69%	79.93%	80.27%	77.18%	80.31%	72.16%	72.72%	75.96%
EBITDA Margin	46.70%	45.29%	48.11%	41.99%	38.76%	40.64%	113.13%	23.10%	14.66%	27.06%	26.45%
Operating Margin	37.89%	35.92%	37.59%	30.52%	25.56%	28.74%	99.59%	9.76%	1.71%	13.19%	15.08%
EBIT Margin	40.80%	38.89%	40.80%	33.84%	29.45%	32.19%	102.17%	11.63%	3.40%	16.77%	15.55%
Profit (Net Income) Margin	36.18%	38.61%	33.44%	27.29%	27.91%	47.90%	98.01%	140.93%	2.88%	13.03%	0.84%
Tax Burden Percent	89.18%	99.83%	82.43%	81.30%	95.77%	93.09%	96.24%	1,245.89%	94.23%	96.73%	27.30%
Interest Burden Percent	99.45%	99.44%	99.45%	99.17%	98.95%	159.85%	99.67%	97.30%	90.14%	80.36%	19.70%
Effective Tax Rate	10.82%	0.17%	17.57%	18.70%	4.23%	6.91%	3.76%	-1,145.89%	5.77%	3.27%	72.70%
Return on Invested Capital (ROIC)	32.83%	31.90%	27.05%	19.60%	21.29%	22.66%	83.02%	103.56%	1.64%	11.41%	3.25%
ROIC Less NNEP Spread (ROIC-NNEP)	31.95%	30.93%	26.16%	18.74%	20.10%	15.57%	82.31%	96.79%	1.19%	11.30%	4.66%
Return on Net Nonoperating Assets (RNNOA)	-13.45%	-13.00%	-10.60%	-7.27%	-7.83%	-6.24%	-30.91%	-37.13%	-0.49%	-4.30%	-1.52%
Return on Equity (ROE)	19.39%	18.90%	16.45%	12.33%	13.45%	16.42%	52.11%	66.43%	1.16%	7.11%	1.72%
Cash Return on Invested Capital (CROIC)	23.59%	22.04%	19.30%	35.08%	32.19%	25.41%	34.49%	20.45%	9.42%	23.18%	28.59%
Operating Return on Assets (OROA)	19.09%	16.64%	17.34%	13.59%	12.62%	13.07%	43.77%	4.86%	1.58%	6.79%	6.08%
Return on Assets (ROA)	16.93%	16.52%	14.22%	10.96%	11.96%	19.45%	41.99%	58.97%	1.34%	5.28%	0.33%
Return on Common Equity (ROCE)	19.39%	18.90%	16.45%	12.33%	13.45%	16.42%	52.11%	66.43%	1.16%	7.11%	1.72%
Return on Equity Simple (ROE_SIMPLE)	17.87%	0.00%	16.96%	22.42%	36.66%	0.00%	30.49%	19.99%	7.25%	0.00%	-3.22%
Net Operating Profit after Tax (NOPAT)	56	58	45	33	29	33	101	146	1.83	16	4.62
NOPAT Margin	33.79%	35.86%	30.99%	24.81%	24.48%	26.76%	95.85%	121.59%	1.61%	12.76%	4.12%
Net Nonoperating Expense Percent (NNEP)	0.88%	0.98%	0.89%	0.86%	1.18%	7.09%	0.71%	6.77%	0.46%	0.11%	-1.41%
Return On Investment Capital (ROIC_SIMPLE)	4.85%	5.15%	-	-	-	3.15%	-	-	-	1.98%	-
Cost of Revenue to Revenue	19.71%	19.56%	19.31%	20.31%	20.07%	19.73%	22.82%	19.69%	27.84%	27.28%	24.04%
SG&A Expenses to Revenue	16.84%	17.38%	17.78%	18.47%	21.91%	21.00%	24.06%	21.85%	27.22%	22.32%	23.34%
R&D to Revenue	25.57%	27.12%	28.38%	30.67%	31.69%	29.44%	35.49%	34.70%	36.83%	32.79%	35.01%
Operating Expenses to Revenue	42.41%	44.52%	43.10%	49.18%	54.37%	51.53%	-22.42%	70.55%	70.45%	59.53%	60.88%
Earnings before Interest and Taxes (EBIT)	68	63	59	45	35	39	108	14	3.86	21	17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	78	73	70	55	46	50	119	28	17	33	30
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.77	5.03	4.38	6.16	6.70	7.07	6.37	7.39	7.26	4.94	3.75
Price to Tangible Book Value (P/TBV)	6.45	6.90	6.20	8.80	9.78	10.16	9.56	11.44	13.08	8.82	6.97
Price to Revenue (P/Rev)	9.14	10.12	8.78	13.26	14.28	15.91	13.20	14.92	11.78	8.47	6.62
Price to Earnings (P/E)	26.70	31.33	25.81	27.45	18.28	21.97	20.90	36.95	100.17	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.75%	3.19%	3.87%	3.64%	5.47%	4.55%	4.78%	2.71%	1.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	7.77	8.06	6.78	9.90	10.41	11.29	9.85	10.85	11.15	7.45	5.25
Enterprise Value to Revenue (EV/Rev)	8.29	9.26	7.95	12.36	13.44	14.99	12.39	14.21	11.15	7.80	6.00
Enterprise Value to EBITDA (EV/EBITDA)	18.16	21.10	18.63	21.86	25.83	32.43	29.06	62.08	40.48	28.38	22.01
Enterprise Value to EBIT (EV/EBIT)	21.38	25.57	23.09	26.06	31.98	41.96	39.16	119.27	65.34	45.67	37.56
Enterprise Value to NOPAT (EV/NOPAT)	26.15	31.32	29.23	30.24	20.63	25.22	20.50	27.85	82.51	65.86	52.10
Enterprise Value to Operating Cash Flow (EV/OCF)	18.66	22.34	18.16	27.32	31.91	35.30	29.72	30.15	23.10	15.40	10.13
Enterprise Value to Free Cash Flow (EV/FCFF)	34.15	37.37	35.94	27.83	36.31	49.98	31.10	59.18	120.91	30.09	16.56
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.42	-0.42	-0.41	-0.39	-0.39	-0.40	-0.38	-0.38	-0.41	-0.38	-0.33
Leverage Ratio	1.20	1.21	1.22	1.20	1.24	1.25	1.26	1.25	1.30	1.37	1.36
Compound Leverage Factor	1.20	1.20	1.21	1.19	1.23	2.00	1.26	1.22	1.17	1.10	0.27
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.31%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.31%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	98.69%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.08	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-2.42	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.19	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-5.62	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	16.19	16.15	13.68	17.85	18.97	20.67	16.72	23.56	16.75	10.18	7.90
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	10.15	8.44	8.26	7.18	6.98	7.08	6.54	5.29	5.12	4.16	4.07
Quick Ratio	9.27	7.70	7.43	6.42	6.25	6.28	6.00	4.84	4.70	3.90	3.83
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	11	31	19	50	-102	-103	5.94	19	-18	80	109
Operating Cash Flow to CapEx	983.41%	908.98%	628.92%	621.55%	1,300.50%	6,978.37%	647.52%	747.40%	502.79%	1,062.32%	1,286.65%
Free Cash Flow to Firm to Interest Expense	30.23	88.43	57.55	133.97	-278.93	-273.49	16.69	51.33	-48.10	164.53	6.23
Operating Cash Flow to Interest Expense	205.34	167.57	189.83	189.82	106.88	145.49	144.91	134.15	102.12	105.97	4.55
Operating Cash Flow Less CapEx to Interest Expense	184.46	149.13	159.65	159.28	98.66	143.41	122.53	116.20	81.81	95.99	4.20
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.47	0.43	0.43	0.40	0.43	0.41	0.43	0.42	0.46	0.41	0.39
Accounts Receivable Turnover	4.51	3.95	4.19	3.52	3.26	2.93	2.98	2.54	2.74	2.52	2.32
Inventory Turnover	2.58	2.73	2.46	2.29	2.59	3.63	4.62	5.41	7.23	7.32	8.27
Fixed Asset Turnover	8.11	7.77	7.05	5.89	5.94	5.99	6.07	5.54	6.50	6.39	6.52
Accounts Payable Turnover	5.80	6.02	5.70	4.42	4.45	4.82	6.25	6.11	6.94	5.96	5.46
Days Sales Outstanding (DSO)	80.84	92.35	87.18	103.64	111.91	124.62	122.63	143.74	133.26	144.76	157.26
Days Inventory Outstanding (DIO)	141.21	133.90	148.41	159.34	141.13	100.68	78.99	67.49	50.51	49.84	44.16
Days Payable Outstanding (DPO)	62.93	60.66	64.05	82.54	82.05	75.68	58.44	59.70	52.56	61.23	66.87
Cash Conversion Cycle (CCC)	159.13	165.60	171.53	180.44	170.99	149.61	143.18	151.54	131.21	133.37	134.55
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	645	639	606	596	601	612	580	613	470	476	485
Invested Capital Turnover	0.97	0.89	0.87	0.79	0.87	0.85	0.87	0.85	1.02	0.89	0.79
Increase / (Decrease) in Invested Capital	45	27	26	-17	131	136	95	126	20	-64	-105
Enterprise Value (EV)	5,018	5,152	4,114	5,900	6,254	6,912	5,713	6,652	5,236	3,547	2,545
Market Capitalization	5,532	5,634	4,546	6,333	6,645	7,338	6,088	6,985	5,528	3,850	2,810
Book Value per Share	$10.85	$10.52	$9.65	$9.55	$9.17	$9.66	$8.76	$8.69	$7.06	$7.25	$6.78
Tangible Book Value per Share	$8.03	$7.66	$6.81	$6.68	$6.28	$6.72	$5.83	$5.61	$3.92	$4.06	$3.65
Total Capital	1,160	1,121	1,039	1,029	992	1,038	956	946	762	790	750
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	10	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-514	-482	-433	-433	-391	-426	-376	-333	-292	-303	-265
Capital Expenditures (CapEx)	7.87	6.49	9.87	11	3.01	0.79	7.97	6.75	7.74	4.83	6.22
Debt-free, Cash-free Net Working Capital (DFCFNWC)	134	127	105	92	103	116	91	102	104	98	93
Debt-free Net Working Capital (DFNWC)	649	608	538	525	494	542	466	435	397	411	358
Net Working Capital (NWC)	649	608	538	525	494	542	466	435	397	401	358
Net Nonoperating Expense (NNE)	-3.99	-4.44	-3.58	-3.28	-4.04	-26	-2.27	-23	-1.45	-0.34	3.68
Net Nonoperating Obligations (NNO)	-514	-482	-433	-433	-391	-426	-376	-333	-292	-303	-265
Total Depreciation and Amortization (D&A)	9.84	10	11	11	11	10	12	14	13	13	12
Debt-free, Cash-free Net Working Capital to Revenue	22.17%	22.75%	20.32%	19.32%	22.10%	25.09%	19.70%	21.87%	22.25%	21.47%	21.90%
Debt-free Net Working Capital to Revenue	107.13%	109.31%	103.89%	109.97%	106.15%	117.44%	101.12%	92.91%	84.47%	90.35%	84.33%
Net Working Capital to Revenue	107.13%	109.31%	103.89%	109.97%	106.15%	117.44%	101.12%	92.91%	84.47%	88.06%	84.33%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.56	$0.59	$0.45	$0.33	$0.30	$0.56	$0.95	$1.55	$0.03	$0.14	$0.01
Adjusted Weighted Average Basic Shares Outstanding	107.24M	107.44M	107.24M	107.72M	108.09M	108.18M	108.32M	109.04M	108.28M	109.47M	109.97M
Adjusted Diluted Earnings per Share	$0.56	$0.57	$0.45	$0.33	$0.30	$0.54	$0.93	$1.51	$0.03	$0.15	$0.01
Adjusted Weighted Average Diluted Shares Outstanding	108.63M	109.04M	108.47M	109.05M	110.04M	110.89M	110.78M	111.60M	111.15M	109.47M	111.96M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	107.41M	106.86M	106.58M	107.68M	107.78M	107.89M	107.51M	109.13M	108.85M	107.85M	107.48M
Normalized Net Operating Profit after Tax (NOPAT)	56	58	41	33	30	34	105	20	8.33	20	14
Normalized NOPAT Margin	33.79%	35.86%	28.41%	24.73%	25.05%	27.59%	99.76%	16.41%	7.32%	16.71%	12.06%
Pre Tax Income Margin	40.57%	38.67%	40.57%	33.56%	29.14%	51.46%	101.83%	11.31%	3.06%	13.48%	3.06%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	180.37	178.00	181.54	120.54	94.86	104.37	302.21	37.05	10.14	42.40	0.99
NOPAT to Interest Expense	149.36	164.11	137.88	88.36	78.84	86.74	283.50	387.52	4.80	32.25	0.26
EBIT Less CapEx to Interest Expense	159.49	159.57	151.35	90.01	86.64	102.28	279.83	19.10	-10.17	32.42	0.64
NOPAT Less CapEx to Interest Expense	128.48	145.67	107.70	57.82	70.62	84.66	261.13	369.57	-15.51	22.28	-0.09
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	31.20%	63.01%	64.44%	71.02%	41.63%	30.11%	34.44%	0.00%	0.00%	-701.75%	-415.72%

Frequently Asked Questions About Rambus' Financials

When does Rambus's fiscal year end?

According to the most recent income statement we have on file, Rambus' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Rambus' net income changed over the last 9 years?

Rambus' net income appears to be on an upward trend, with a most recent value of $179.82 million in 2024, falling from $211.39 million in 2015. The previous period was $333.90 million in 2023. Check out Rambus' forecast to explore projected trends and price targets.

What is Rambus's operating income?

Rambus's total operating income in 2024 was $183.01 million, based on the following breakdown:

Total Gross Profit: $446.52 million
Total Operating Expenses: $263.51 million

How has Rambus revenue changed over the last 9 years?

Over the last 9 years, Rambus' total revenue changed from $296.28 million in 2015 to $556.62 million in 2024, a change of 87.9%.

How much debt does Rambus have?

Rambus' total liabilities were at $222.44 million at the end of 2024, a 1.1% increase from 2023, and a 16.2% increase since 2015.

How much cash does Rambus have?

In the past 9 years, Rambus' cash and equivalents has ranged from $94.77 million in 2023 to $225.84 million in 2017, and is currently $99.78 million as of their latest financial filing in 2024.

How has Rambus' book value per share changed over the last 9 years?

Over the last 9 years, Rambus' book value per share changed from 4.52 in 2015 to 10.52 in 2024, a change of 132.7%.

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This page (NASDAQ:RMBS) was last updated on 5/25/2025 by MarketBeat.com Staff

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Rambus (RMBS) Financials

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