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Rambus (RMBS) Financials

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$141.82 +8.26 (+6.18%)
Closing price 05/21/2026 04:00 PM Eastern
Extended Trading
$142.50 +0.68 (+0.48%)
As of 08:04 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Rambus

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 211 6.82 -23 -158 -86 -40 18 -14 334 180 230
Consolidated Net Income / (Loss)		 211 6.82 -23 -158 -86 -40 18 -14 334 180 230
Net Income / (Loss) Continuing Operations		 211 6.82 -23 -158 -86 -40 18 -14 334 180 230
Total Pre-Tax Income 		60 23 41 -71 -83 -37 23 -7.83 187 200 282
Total Operating Income		 71 34 54 -87 -100 -44 24 77 154 183 260
Total Gross Profit		 251 270 314 178 176 186 258 347 358 447 563
Total Revenue		 296 337 393 231 228 246 328 455 461 557 708
Operating Revenue		 296 337 393 231 228 246 328 455 461 557 708
Total Cost of Revenue		 45 67 79 54 51 61 70 108 103 110 144
Operating Cost of Revenue		 45 67 79 54 51 61 70 108 103 110 144
Total Operating Expenses		 180 236 260 264 276 230 234 270 204 264 303
Selling, General & Admin Expense		 71 95 111 98 101 86 91 107 108 104 115
Research & Development Expense		 111 130 149 158 157 140 136 159 157 163 188
Amortization Expense		 - - - 5.66 2.74 1.06 1.23 1.67 1.22 0.51 0.00
Other Operating Expenses / (Income)		 - - 0.00 0.00 7.44 - 0.00 0.00 -91 0.00 0.00
Impairment Charge		 0.00 18 - - - - 0.00 0.00 10 1.07 0.00
Restructuring Charge		 3.58 0.00 0.00 2.22 8.82 4.09 0.37 0.00 9.37 0.00 0.00
Other Special Charges / (Income)		 -5.73 -7.42 -0.53 0.00 0.00 -1.80 5.30 3.11 9.23 -5.04 0.00
Total Other Income / (Expense), net		 -11 -11 -13 16 18 7.52 -1.00 -85 34 17 22
Interest Expense		 12 13 15 16 9.85 10 11 86 1.49 1.42 1.37
Interest & Investment Income		 1.22 1.74 1.38 33 27 - 0.00 0.00 24 0.00 0.00
Other Income / (Expense), net		 - - - - - 18 9.71 0.73 11 18 23
Income Tax Expense		 -151 16 64 87 3.42 3.93 4.95 6.49 -147 20 52
Basic Earnings per Share		 $1.84 $0.06 ($0.21) ($1.46) ($0.77) ($0.36) $0.17 ($0.13) $3.09 $1.67 $2.14
Weighted Average Basic Shares Outstanding		 114.81M 110.16M 110.20M 108.45M 110.95M 113.25M 110.54M 109.47M 108.18M 107.44M 107.55M
Diluted Earnings per Share		 $1.80 $0.06 ($0.21) ($1.46) ($0.77) ($0.36) $0.16 ($0.13) $3.01 $1.65 $2.11
Weighted Average Diluted Shares Outstanding		 117.48M 113.14M 110.20M 108.45M 110.95M 113.25M 114.87M 109.47M 110.89M 109.04M 109.24M
Weighted Average Basic & Diluted Shares Outstanding		 114.90M 113.70M 108.90M 108.20M 112.43M 111.73M 109.32M 107.85M 107.89M 106.86M 107.79M

Quarterly Income Statements for Rambus

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 103 59 33 36 49 62 60 58 48 64 60
Consolidated Net Income / (Loss)		 103 59 33 36 49 62 60 58 48 64 60
Net Income / (Loss) Continuing Operations		 103 59 33 36 49 62 60 58 48 64 60
Total Pre-Tax Income 		107 63 34 44 59 62 68 68 69 77 69
Total Operating Income		 105 35 30 40 55 58 63 63 63 71 62
Total Gross Profit		 81 98 94 105 117 130 134 137 142 150 144
Total Revenue		 105 122 118 132 146 161 167 172 179 190 180
Operating Revenue		 105 122 118 132 146 161 167 172 179 190 180
Total Cost of Revenue		 24 24 24 27 28 32 33 35 37 40 37
Operating Cost of Revenue		 24 24 24 27 28 32 33 35 37 40 37
Total Operating Expenses		 -24 63 64 65 63 72 71 74 79 79 82
Selling, General & Admin Expense		 25 26 26 24 26 28 28 28 29 30 32
Research & Development Expense		 37 36 37 41 41 44 43 46 50 49 50
Total Other Income / (Expense), net		 2.36 28 4.22 4.03 4.34 4.44 4.48 4.85 6.03 6.38 6.87
Interest Expense		 0.36 0.38 0.37 0.37 0.33 0.35 0.38 0.38 0.29 0.32 0.28
Other Income / (Expense), net		 2.72 4.22 4.59 4.40 4.67 4.80 4.86 5.23 6.33 6.70 7.15
Income Tax Expense		 4.03 4.35 1.45 8.30 10 0.10 7.32 9.90 21 13 8.77
Basic Earnings per Share		 $0.95 $0.56 $0.30 $0.33 $0.45 $0.59 $0.56 $0.54 $0.45 $0.59 $0.55
Weighted Average Basic Shares Outstanding		 108.32M 108.18M 108.09M 107.72M 107.24M 107.44M 107.24M 107.59M 107.62M 107.55M 108.03M
Diluted Earnings per Share		 $0.93 $0.54 $0.30 $0.33 $0.45 $0.57 $0.56 $0.53 $0.44 $0.58 $0.55
Weighted Average Diluted Shares Outstanding		 110.78M 110.89M 110.04M 109.05M 108.47M 109.04M 108.63M 108.52M 109.30M 109.24M 109.72M
Weighted Average Basic & Diluted Shares Outstanding		 107.51M 107.89M 107.78M 107.68M 106.58M 106.86M 107.41M 107.59M 107.65M 107.79M 108.14M

Annual Cash Flow Statements for Rambus

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -10 -8.47 91 -110 -14 27 -21 17 -31 5.01 83
Net Cash From Operating Activities		 77 96 117 86 129 185 209 230 196 231 360
Net Cash From Continuing Operating Activities		 77 96 117 86 129 185 209 230 196 231 360
Net Income / (Loss) Continuing Operations		 211 6.82 -23 -158 -86 -40 18 -14 334 180 230
Consolidated Net Income / (Loss)		 211 6.82 -23 -158 -86 -40 18 -14 334 180 230
Depreciation Expense		 12 13 13 11 24 30 27 32 34 31 35
Amortization Expense		 31 44 50 39 24 26 25 16 15 12 6.88
Non-Cash Adjustments To Reconcile Net Income		 11 37 29 166 173 183 146 234 29 67 49
Changes in Operating Assets and Liabilities, net		 -189 -4.63 49 28 -6.41 -12 -6.99 -37 -216 -59 38
Net Cash From Investing Activities		 1.09 -105 -75 -67 -141 -98 -116 152 -57 -57 -223
Net Cash From Continuing Investing Activities		 1.09 -105 -75 -67 -141 -98 -116 152 -57 -57 -223
Purchase of Property, Plant & Equipment		 -6.13 -8.56 -9.39 -11 -6.47 -30 -14 -17 -23 -31 -27
Acquisitions		 0.00 -203 -0.12 -0.35 -67 0.00 -97 -19 0.00 0.00 0.00
Purchase of Investments		 -158 -55 -102 -285 -658 -910 -568 -151 -434 -415 -666
Divestitures		 - - 0.00 0.00 76 - 0.00 0.00 106 23 0.00
Sale and/or Maturity of Investments		 161 161 36 224 514 843 563 336 294 367 470
Other Investing Activities, net		 - - - 0.00 0.00 -1.13 0.00 3.01 0.00 0.00 0.00
Net Cash From Financing Activities		 -89 2.70 46 -128 -0.30 -61 -114 -363 -170 -168 -54
Net Cash From Continuing Financing Activities		 -89 2.70 46 -128 -0.30 -61 -114 -363 -170 -168 -54
Repayment of Debt		 0.00 0.00 -76 -81 - 0.00 0.00 -166 -10 0.00 0.00
Repurchase of Common Equity		 -100 0.00 -50 -50 0.00 -50 -100 -100 -101 -113 -7.11
Issuance of Common Equity		 14 15 39 11 15 11 8.96 6.14 8.95 5.47 6.86
Other Financing Activities, net		 -2.25 -13 -39 -7.85 -15 -23 -23 -102 -68 -60 -54
Effect of Exchange Rate Changes		 -0.12 -1.57 2.14 -0.99 -0.50 0.11 -0.41 -2.01 0.31 -0.88 0.56
Cash Interest Paid		 1.55 1.55 1.55 3.04 2.37 2.37 2.37 1.53 0.07 0.00 0.00
Cash Income Taxes Paid		 22 27 23 24 18 21 23 25 26 27 25

Quarterly Cash Flow Statements for Rambus

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 9.77 -37 18 12 -11 -14 32 -44 -8.56 104 -49
Net Cash From Operating Activities		 52 55 39 70 62 59 77 94 88 100 83
Net Cash From Continuing Operating Activities		 52 55 39 70 62 59 77 94 88 100 83
Net Income / (Loss) Continuing Operations		 103 59 33 36 49 62 60 58 48 64 60
Consolidated Net Income / (Loss)		 103 59 33 36 49 62 60 58 48 64 60
Depreciation Expense		 7.93 7.08 7.72 7.52 7.76 7.98 8.12 8.48 9.05 9.46 9.60
Amortization Expense		 3.61 3.25 3.25 3.24 2.89 2.33 1.71 1.72 1.72 1.72 1.68
Non-Cash Adjustments To Reconcile Net Income		 -44 -2.07 21 20 14 12 12 10 14 14 11
Changes in Operating Assets and Liabilities, net		 -19 -12 -25 3.49 -12 -25 -4.69 16 16 11 1.53
Net Cash From Investing Activities		 66 -88 71 -41 -18 -70 -8.37 -131 -92 8.33 -85
Net Cash From Continuing Investing Activities		 66 -88 71 -41 -18 -70 -8.37 -131 -92 8.33 -85
Purchase of Property, Plant & Equipment		 -7.97 -0.79 -3.01 -11 -9.87 -6.49 -7.87 -6.51 -5.95 -6.52 -12
Purchase of Investments		 -161 -136 -113 -112 -54 -137 -91 -213 -194 -168 -256
Sale and/or Maturity of Investments		 129 48 164 82 46 74 91 88 108 183 182
Net Cash From Financing Activities		 -107 -4.24 -92 -18 -55 -2.66 -37 -7.99 -5.12 -4.54 -46
Net Cash From Continuing Financing Activities		 -107 -4.24 -92 -18 -55 -2.66 -37 -7.99 -5.12 -4.54 -46
Repurchase of Common Equity		 -100 -0.20 -51 -13 -50 - -2.16 -3.65 - -1.30 -2.57
Other Financing Activities, net		 -8.13 -6.54 -42 -8.34 -5.37 -4.68 -35 -8.08 -5.12 -6.36 -44
Effect of Exchange Rate Changes		 -0.59 0.47 -0.30 -0.16 0.36 -0.79 0.12 0.42 -0.01 0.02 -0.14

Annual Balance Sheets for Rambus

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 718 783 891 1,361 1,343 1,251 1,233 1,013 1,258 1,343 1,530
Total Current Assets		 316 217 372 528 665 700 684 527 631 690 989
Cash & Equivalents		 144 135 226 116 102 129 108 125 95 100 183
Short-Term Investments		 144 37 104 162 305 374 378 188 331 382 579
Accounts Receivable		 16 21 26 227 228 167 180 181 134 148 163
Inventories, net		 1.08 5.63 5.16 6.77 10 14 8.48 21 36 45 44
Prepaid Expenses		 10 18 11 16 19 16 11 12 35 16 20
Plant, Property, & Equipment, net		 57 58 54 57 46 58 56 86 68 76 113
Total Noncurrent Assets		 346 508 465 776 633 494 492 398 560 577 428
Goodwill		 117 205 210 207 183 183 279 292 287 287 287
Intangible Assets		 64 132 92 60 55 36 58 51 29 17 10
Noncurrent Deferred & Refundable Income Taxes		 162 168 159 4.44 4.57 4.35 4.05 3.03 217 136 106
Other Noncurrent Operating Assets		 2.17 2.75 4.54 7.83 43 33 28 27 28 137 25
Total Liabilities & Shareholders' Equity		 718 783 891 1,361 1,343 1,251 1,233 1,013 1,258 1,343 1,530
Total Liabilities		 191 231 319 349 368 339 370 233 220 222 165
Total Current Liabilities		 28 51 133 69 86 86 267 127 89 82 121
Accounts Payable		 4.10 9.79 9.61 7.39 9.55 8.99 11 25 18 19 36
Accrued Expenses		 6.21 10 9.16 9.19 19 19 20 24 27 10 11
Current Deferred Revenue		 5.78 17 18 19 12 10 25 24 17 20 30
Current Employee Benefit Liabilities		 12 14 17 17 20 23 21 21 18 19 22
Other Current Liabilities		 - - - 0.00 6.36 4.72 5.99 5.02 4.45 14 21
Total Noncurrent Liabilities		 163 179 187 280 282 253 103 107 131 141 45
Other Noncurrent Operating Liabilities		 44 42 38 42 59 41 58 76 52 31 45
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 527 553 572 1,012 975 913 862 779 1,038 1,121 1,364
Total Preferred & Common Equity		 527 553 572 1,012 975 913 862 779 1,038 1,121 1,364
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 527 553 572 1,012 975 913 862 779 1,038 1,121 1,364
Common Stock		 1,130 1,181 1,213 1,227 1,261 1,271 1,299 1,298 1,325 1,276 1,288
Retained Earnings		 -604 -615 -636 -204 -286 -358 -435 -513 -286 -154 77
Accumulated Other Comprehensive Income / (Loss)		 0.37 -14 -5.10 -10 -0.09 -0.08 -1.45 -4.96 -1.27 -1.26 -0.12

Quarterly Balance Sheets for Rambus

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 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 969 963 1,127 1,184 1,209 1,251 1,252 1,379 1,468 1,406 1,533
Total Current Assets		 474 493 536 551 576 610 612 719 784 869 1,000
Cash & Equivalents		 142 100 122 132 113 125 114 132 88 79 134
Short-Term Investments		 123 192 210 244 278 308 319 382 507 594 652
Accounts Receivable		 181 160 158 129 125 113 118 143 133 131 134
Inventories, net		 14 26 34 35 48 53 49 45 39 45 58
Prepaid Expenses		 15 15 12 11 12 12 12 18 17 20 21
Plant, Property, & Equipment, net		 79 89 87 73 67 75 73 82 106 100 113
Total Noncurrent Assets		 416 380 503 560 565 566 566 578 578 434 420
Goodwill		 292 292 292 287 287 287 287 287 287 287 287
Intangible Assets		 55 47 43 32 26 22 19 15 14 12 8.50
Noncurrent Deferred & Refundable Income Taxes		 2.80 2.62 140 131 132 130 129 134 131 113 101
Other Noncurrent Operating Assets		 29 39 25 110 117 122 131 142 146 23 23
Total Liabilities & Shareholders' Equity		 969 963 1,127 1,184 1,209 1,251 1,252 1,379 1,468 1,406 1,533
Total Liabilities		 219 201 182 229 217 222 213 220 240 118 140
Total Current Liabilities		 116 96 101 84 83 85 74 71 72 75 102
Accounts Payable		 20 18 18 16 25 27 20 16 11 13 35
Accrued Expenses		 20 21 28 25 20 21 15 6.20 5.21 3.86 4.57
Current Deferred Revenue		 23 21 17 17 16 15 18 20 19 24 24
Current Employee Benefit Liabilities		 17 16 22 13 13 16 14 14 18 16 17
Other Current Liabilities		 16 4.29 4.10 4.17 4.72 5.03 5.40 14 19 18 21
Total Noncurrent Liabilities		 103 105 80 145 135 137 138 149 168 43 38
Other Noncurrent Operating Liabilities		 69 74 72 61 45 40 37 34 47 42 38
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 750 762 946 956 992 1,029 1,039 1,160 1,228 1,288 1,393
Total Preferred & Common Equity		 750 762 946 956 992 1,029 1,039 1,160 1,228 1,288 1,393
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 750 762 946 956 992 1,029 1,039 1,160 1,228 1,288 1,393
Common Stock		 1,266 1,287 1,301 1,302 1,294 1,295 1,255 1,254 1,264 1,276 1,258
Retained Earnings		 -509 -521 -353 -344 -301 -265 -216 -93 -35 13 137
Accumulated Other Comprehensive Income / (Loss)		 -6.77 -3.54 -3.03 -2.37 -1.86 -1.97 -0.44 -0.84 -0.76 -0.18 -1.67

Annual Metrics And Ratios for Rambus

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -0.09% 13.61% 16.79% -41.18% -1.56% 8.22% 33.28% 38.53% 1.39% 20.71% 27.13%
EBITDA Growth		 -11.59% -21.48% 29.54% -132.11% -39.71% 155.59% 193.96% 45.49% 70.51% 14.54% 33.25%
EBIT Growth		 -5.21% -52.90% 61.72% -259.85% -15.15% 73.84% 229.75% 128.51% 112.07% 22.30% 40.64%
NOPAT Growth		 538.03% -95.96% -399.40% -100.61% -15.15% 56.01% 161.99% 181.73% 408.92% -39.98% 29.29%
Net Income Growth		 706.79% -96.77% -435.22% -590.92% 45.58% 52.92% 145.30% -178.05% 2,433.36% -46.15% 28.16%
EPS Growth		 718.18% -96.67% -450.00% -595.24% 47.26% 53.25% 144.44% -181.25% 2,415.38% -45.18% 27.88%
Operating Cash Flow Growth		 1.02% 23.77% 22.84% -26.58% 49.07% 44.29% 12.81% 10.12% -15.02% 17.78% 56.12%
Free Cash Flow Firm Growth		 68.03% -239.76% 114.68% -2,467.97% 118.64% 33.32% -62.59% 163.54% 17.31% -0.30% 80.59%
Invested Capital Growth		 73.40% 41.46% -10.00% 92.12% -18.23% -20.99% -4.52% -11.85% 28.50% 4.35% -5.68%
Revenue Q/Q Growth		 1.62% 6.58% 1.11% -12.60% -2.17% -0.65% 10.01% 7.21% -0.03% 7.51% 4.30%
EBITDA Q/Q Growth		 2.13% -13.57% 14.55% -244.73% -1.48% 139.90% 24.79% 8.10% 8.42% 10.55% 5.08%
EBIT Q/Q Growth		 4.00% -37.06% 38.75% -29.71% -4.83% 37.42% 118.39% 14.65% 12.90% 13.09% 5.54%
NOPAT Q/Q Growth		 1.49% -65.18% -311.26% -29.71% -4.83% -5.23% 12,596.16% 10.27% -1.64% 16.89% 0.40%
Net Income Q/Q Growth		 2.50% -70.68% -331.84% 17.78% -3.69% -20.83% 10,436.78% 40.76% 14.62% 2.08% 0.72%
EPS Q/Q Growth		 4.65% -73.91% -333.33% 17.51% -2.67% -24.14% 0.00% 43.48% 14.89% 1.85% 0.48%
Operating Cash Flow Q/Q Growth		 -3.14% 12.42% 27.70% -22.78% 0.98% 3.72% 16.81% -8.31% 1.85% 1.83% 12.79%
Free Cash Flow Firm Q/Q Growth		 -5.47% -2.51% 486.60% -17.34% -28.73% 38.71% 1,682.43% -23.28% -24.71% 20.45% 22.69%
Invested Capital Q/Q Growth		 -1.14% -3.75% -15.13% -2.68% 1.24% -4.41% -8.37% -1.77% 5.56% 5.38% -2.05%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 84.70% 80.07% 79.87% 76.77% 77.43% 75.34% 78.56% 76.35% 77.57% 80.22% 79.59%
EBITDA Margin		 38.90% 26.89% 29.82% -16.28% -23.10% 11.87% 26.17% 27.49% 46.23% 43.86% 45.97%
Operating Margin		 24.11% 9.99% 13.84% -37.62% -44.00% -17.88% 7.40% 16.92% 33.32% 32.88% 36.77%
EBIT Margin		 24.11% 9.99% 13.84% -37.62% -44.00% -10.64% 10.35% 17.08% 35.72% 36.19% 40.04%
Profit (Net Income) Margin		 71.35% 2.03% -5.82% -68.32% -37.77% -16.43% 5.58% -3.15% 72.41% 32.31% 32.57%
Tax Burden Percent		 350.96% 30.13% -55.78% 223.65% 104.14% 110.76% 78.73% 182.88% 178.41% 89.89% 81.73%
Interest Burden Percent		 84.33% 67.29% 75.34% 81.21% 82.43% 139.47% 68.50% -10.07% 113.62% 99.30% 99.52%
Effective Tax Rate		 -250.96% 69.87% 155.78% 0.00% 0.00% 0.00% 21.27% 0.00% -78.41% 10.11% 18.27%
Return on Invested Capital (ROIC)		 88.75% 2.34% -6.30% -9.14% -8.80% -4.81% 3.46% 10.59% 50.35% 26.30% 34.26%
ROIC Less NNEP Spread (ROIC-NNEP)		 110.98% 5.44% -15.57% 68.12% -0.76% -1.63% 3.69% 32.41% 33.94% 22.92% 31.41%
Return on Net Nonoperating Assets (RNNOA)		 -42.71% -1.08% 2.24% -10.81% 0.15% 0.52% -1.39% -12.34% -13.61% -9.64% -15.72%
Return on Equity (ROE)		 46.05% 1.26% -4.07% -19.95% -8.65% -4.29% 2.07% -1.74% 36.75% 16.66% 18.55%
Cash Return on Invested Capital (CROIC)		 35.06% -32.00% 4.22% -72.21% 11.26% 18.65% 8.08% 23.18% 25.41% 22.04% 40.11%
Operating Return on Assets (OROA)		 10.93% 4.48% 6.50% -7.72% -7.41% -2.02% 2.74% 6.92% 14.51% 15.49% 19.73%
Return on Assets (ROA)		 32.36% 0.91% -2.73% -14.03% -6.36% -3.12% 1.48% -1.27% 29.41% 13.83% 16.04%
Return on Common Equity (ROCE)		 46.05% 1.26% -4.07% -19.95% -8.65% -4.29% 2.07% -1.74% 36.75% 16.66% 18.55%
Return on Equity Simple (ROE_SIMPLE)		 40.15% 1.23% -4.00% -15.61% -8.81% -4.43% 2.13% -1.84% 32.16% 16.05% 0.00%
Net Operating Profit after Tax (NOPAT)		 251 10 -30 -61 -70 -31 19 54 274 165 213
NOPAT Margin		 84.60% 3.01% -7.72% -26.33% -30.80% -12.52% 5.82% 11.84% 59.44% 29.55% 30.06%
Net Nonoperating Expense Percent (NNEP)		 -22.23% -3.09% 9.27% -77.26% -8.04% -3.18% -0.23% -21.82% 16.41% 3.37% 2.86%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 6.82% 26.40% 14.68% 15.59%
Cost of Revenue to Revenue		 15.30% 19.93% 20.13% 23.23% 22.57% 24.66% 21.44% 23.65% 22.43% 19.78% 20.41%
SG&A Expenses to Revenue		 23.81% 28.27% 28.22% 42.50% 44.18% 35.09% 27.74% 23.47% 23.45% 18.70% 16.29%
R&D to Revenue		 37.50% 38.58% 37.94% 68.49% 68.90% 56.77% 41.33% 34.91% 34.01% 29.26% 26.53%
Operating Expenses to Revenue		 60.59% 70.07% 66.03% 114.39% 121.43% 93.22% 71.16% 59.43% 44.25% 47.34% 42.82%
Earnings before Interest and Taxes (EBIT)		 71 34 54 -87 -100 -26 34 78 165 201 283
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 115 90 117 -38 -53 29 86 125 213 244 325
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.57 2.75 2.73 0.82 1.57 2.18 3.73 4.94 7.07 5.03 7.25
Price to Tangible Book Value (P/TBV)		 3.91 7.05 5.78 1.12 2.08 2.87 6.12 8.82 10.16 6.90 9.27
Price to Revenue (P/Rev)		 4.56 4.52 3.97 3.60 6.75 8.08 9.79 8.47 15.91 10.12 13.98
Price to Earnings (P/E)		 6.39 223.01 0.00 0.00 0.00 0.00 175.32 0.00 21.97 31.33 42.92
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		 15.65% 0.45% 0.00% 0.00% 0.00% 0.00% 0.57% 0.00% 4.55% 3.19% 2.33%
Enterprise Value to Invested Capital (EV/IC)		 3.30 2.91 3.17 0.79 1.78 2.90 5.35 7.45 11.29 8.06 15.15
Enterprise Value to Revenue (EV/Rev)		 3.99 4.38 3.68 3.01 5.61 6.67 8.81 7.80 14.99 9.26 12.90
Enterprise Value to EBITDA (EV/EBITDA)		 10.26 16.30 12.33 0.00 0.00 56.19 33.66 28.38 32.43 21.10 28.07
Enterprise Value to EBIT (EV/EBIT)		 16.55 43.84 26.57 0.00 0.00 0.00 85.09 45.67 41.96 25.57 32.22
Enterprise Value to NOPAT (EV/NOPAT)		 4.72 145.52 0.00 0.00 0.00 0.00 151.29 65.86 25.22 31.32 42.93
Enterprise Value to Operating Cash Flow (EV/OCF)		 15.31 15.43 12.31 8.08 9.93 8.86 13.82 15.40 35.30 22.34 25.36
Enterprise Value to Free Cash Flow (EV/FCFF)		 11.94 0.00 71.16 0.00 14.24 13.74 64.66 30.09 49.98 37.37 36.67
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.23 0.23 0.37 0.14 0.15 0.17 0.19 0.01 0.00 0.00 0.00
Long-Term Debt to Equity		 0.23 0.23 0.24 0.14 0.15 0.17 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.38 -0.20 -0.14 -0.16 -0.20 -0.32 -0.38 -0.38 -0.40 -0.42 -0.50
Leverage Ratio		 1.42 1.39 1.49 1.42 1.36 1.37 1.40 1.37 1.25 1.21 1.16
Compound Leverage Factor		 1.20 0.94 1.12 1.15 1.12 1.92 0.96 -0.14 1.42 1.20 1.15
Debt to Total Capital		 18.49% 18.58% 27.23% 12.30% 13.24% 14.60% 15.95% 1.31% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 9.99% 0.00% 0.00% 0.00% 15.95% 1.31% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 18.49% 18.58% 17.24% 12.30% 13.24% 14.60% 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		 81.51% 81.42% 72.77% 87.70% 86.76% 85.40% 84.05% 98.69% 100.00% 100.00% 100.00%
Debt to EBITDA		 1.04 1.39 1.82 -3.77 -2.83 5.34 1.91 0.08 0.00 0.00 0.00
Net Debt to EBITDA		 -1.46 -0.51 -0.99 3.61 4.92 -11.86 -3.75 -2.42 0.00 0.00 0.00
Long-Term Debt to EBITDA		 1.04 1.39 1.16 -3.77 -2.83 5.34 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.48 12.45 -7.05 -2.33 -2.12 -5.06 8.56 0.19 0.00 0.00 0.00
Net Debt to NOPAT		 -0.67 -4.54 3.81 2.23 3.69 11.24 -16.84 -5.62 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.48 12.45 -4.46 -2.33 -2.12 -5.06 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 4.27 3.68 2.90 1.58 2.65 3.84 5.48 10.37 21.00 16.49 37.77
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		 11.13 4.23 2.80 7.62 7.71 8.15 2.56 4.16 7.08 8.44 8.20
Quick Ratio		 10.72 3.77 2.67 7.29 7.38 7.80 2.49 3.90 6.28 7.70 7.67
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 99 -138 20 -481 90 120 45 118 138 138 249
Operating Cash Flow to CapEx		 3,512.69% 1,132.32% 1,255.74% 1,412.57% 1,994.96% 623.85% 1,516.94% 1,318.19% 842.45% 751.21% 1,341.25%
Free Cash Flow to Firm to Interest Expense		 7.98 -10.86 1.37 -29.55 9.10 11.56 4.18 1.38 92.81 97.37 181.35
Operating Cash Flow to Interest Expense		 6.22 7.50 7.93 5.30 13.05 17.94 19.54 2.69 131.40 162.85 262.21
Operating Cash Flow Less CapEx to Interest Expense		 6.05 6.84 7.30 4.92 12.39 15.06 18.25 2.49 115.80 141.17 242.66
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.45 0.45 0.47 0.21 0.17 0.19 0.26 0.41 0.41 0.43 0.49
Accounts Receivable Turnover		 26.44 17.95 16.73 1.83 1.00 1.25 1.90 2.52 2.93 3.95 4.56
Inventory Turnover		 0.00 19.99 14.67 9.00 6.10 4.95 6.14 7.32 3.63 2.73 3.26
Fixed Asset Turnover		 4.91 5.85 6.97 4.15 4.44 4.77 5.77 6.39 5.99 7.77 7.51
Accounts Payable Turnover		 8.20 9.66 8.16 6.32 6.07 6.55 6.94 5.96 4.82 6.02 5.31
Days Sales Outstanding (DSO)		 13.80 20.34 21.82 200.00 365.54 292.75 192.55 144.76 124.62 92.35 80.10
Days Inventory Outstanding (DIO)		 0.00 18.26 24.88 40.55 59.88 73.76 59.49 49.84 100.68 133.90 112.13
Days Payable Outstanding (DPO)		 44.51 37.78 44.75 57.79 60.18 55.70 52.56 61.23 75.68 60.66 68.79
Cash Conversion Cycle (CCC)		 -30.70 0.82 1.95 182.75 365.25 310.80 199.49 133.37 149.61 165.60 123.44
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 358 507 456 876 716 566 540 476 612 639 603
Invested Capital Turnover		 1.05 0.78 0.82 0.35 0.29 0.38 0.59 0.89 0.85 0.89 1.14
Increase / (Decrease) in Invested Capital		 152 149 -51 420 -160 -150 -26 -64 136 27 -36
Enterprise Value (EV)		 1,182 1,475 1,446 696 1,277 1,642 2,892 3,547 6,912 5,152 9,130
Market Capitalization		 1,351 1,521 1,561 832 1,536 1,989 3,214 3,850 7,338 5,634 9,892
Book Value per Share		 $4.52 $5.00 $5.21 $9.33 $8.75 $8.01 $7.89 $7.25 $9.66 $10.52 $12.67
Tangible Book Value per Share		 $2.96 $1.95 $2.46 $6.87 $6.61 $6.08 $4.80 $4.06 $6.72 $7.66 $9.92
Total Capital		 646 679 785 1,154 1,124 1,069 1,026 790 1,038 1,121 1,364
Total Debt		 119 126 214 142 149 156 164 10 0.00 0.00 0.00
Total Long-Term Debt		 119 126 135 142 149 156 0.00 0.00 0.00 0.00 0.00
Net Debt		 -168 -46 -115 -136 -259 -347 -322 -303 -426 -482 -762
Capital Expenditures (CapEx)		 2.20 8.44 9.35 6.10 6.44 30 14 17 23 31 27
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.48 -6.70 -12 181 171 111 95 98 116 127 106
Debt-free Net Working Capital (DFNWC)		 287 165 317 458 578 614 581 411 542 608 868
Net Working Capital (NWC)		 287 165 239 458 578 614 417 401 542 608 868
Net Nonoperating Expense (NNE)		 39 3.32 -7.48 97 16 9.63 0.78 68 -60 -15 -18
Net Nonoperating Obligations (NNO)		 -168 -46 -115 -136 -259 -347 -322 -303 -426 -482 -762
Total Depreciation and Amortization (D&A)		 44 57 63 49 48 55 52 47 48 43 42
Debt-free, Cash-free Net Working Capital to Revenue		 -0.16% -1.99% -3.06% 78.16% 75.05% 45.14% 28.99% 21.47% 25.09% 22.75% 15.04%
Debt-free Net Working Capital to Revenue		 96.94% 49.16% 80.73% 198.30% 254.17% 249.21% 176.90% 90.35% 117.44% 109.31% 122.70%
Net Working Capital to Revenue		 96.94% 49.16% 60.77% 198.30% 254.17% 249.21% 127.05% 88.06% 117.44% 109.31% 122.70%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.84 $0.06 ($0.21) ($1.46) ($0.81) ($0.39) $0.17 ($0.13) $3.09 $1.67 $2.14
Adjusted Weighted Average Basic Shares Outstanding		 114.81M 110.16M 110.20M 108.45M 110.95M 113.25M 110.54M 109.47M 108.18M 107.44M 107.55M
Adjusted Diluted Earnings per Share		 $1.80 $0.06 ($0.21) ($1.46) ($0.81) ($0.39) $0.16 ($0.13) $3.01 $1.65 $2.11
Adjusted Weighted Average Diluted Shares Outstanding		 117.48M 113.14M 110.20M 108.45M 110.95M 113.25M 114.87M 109.47M 110.89M 109.04M 109.24M
Adjusted Basic & Diluted Earnings per Share		 $1.84 $0.06 $0.00 $0.00 $0.00 $0.00 $0.00 ($0.13) $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 109.51M 111.18M 109.85M 109.04M 112.43M 111.73M 109.32M 107.85M 107.89M 106.86M 107.79M
Normalized Net Operating Profit after Tax (NOPAT)		 48 31 38 -59 -64 -29 24 56 128 161 213
Normalized NOPAT Margin		 16.37% 9.26% 9.59% -25.66% -28.09% -11.87% 7.18% 12.32% 27.67% 28.91% 30.06%
Pre Tax Income Margin		 20.33% 6.73% 10.43% -30.55% -36.27% -14.83% 7.09% -1.72% 40.59% 35.94% 39.85%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 5.75 2.64 3.68 -5.34 -10.16 -2.53 3.18 0.91 110.55 142.27 206.36
NOPAT to Interest Expense		 20.19 0.80 -2.05 -3.74 -7.12 -2.98 1.79 0.63 183.96 116.18 154.91
EBIT Less CapEx to Interest Expense		 5.58 1.98 3.04 -5.72 -10.82 -5.41 1.89 0.70 94.96 120.59 186.81
NOPAT Less CapEx to Interest Expense		 20.02 0.13 -2.68 -4.11 -7.77 -5.86 0.50 0.43 168.36 94.50 135.36
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		 47.36% 0.00% -218.87% -31.68% 0.00% -123.72% 545.88% -701.75% 30.11% 63.01% 3.09%

Quarterly Metrics And Ratios for Rambus

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 108,136,967.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 108,136,967.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.55
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -6.19% -0.12% 3.61% 10.27% 38.19% 31.81% 41.40% 30.33% 22.68% 18.09% 8.12%
EBITDA Growth		 301.26% 50.02% 173.92% 100.44% -41.23% 46.89% 70.35% 41.36% 14.78% 21.57% 3.02%
EBIT Growth		 516.22% 91.74% 798.73% 221.03% -44.82% 59.25% 95.86% 52.54% 17.22% 23.73% 1.34%
NOPAT Growth		 2,084.87% 109.50% 1,476.90% -77.50% -55.33% 76.64% 95.14% 64.11% -2.05% 1.38% -4.34%
Net Income Growth		 10,890.20% 267.08% 902.68% -78.65% -52.84% 6.25% 83.30% 60.68% -0.59% 2.63% -0.74%
EPS Growth		 9,200.00% 260.00% 900.00% -78.15% -51.61% 5.56% 86.67% 60.61% -2.22% 1.75% -1.79%
Operating Cash Flow Growth		 -35.51% 6.94% 0.55% 39.61% 20.33% 7.54% 97.89% 33.99% 42.46% 69.23% 7.49%
Free Cash Flow Firm Growth		 -94.57% -229.47% -457.03% 157.55% 216.70% 130.19% 111.16% -66.50% 87.34% 204.75% 709.17%
Invested Capital Growth		 19.58% 28.50% 27.88% -2.76% 4.53% 4.35% 7.48% 6.23% 1.47% -5.68% -5.94%
Revenue Q/Q Growth		 -12.13% 16.08% -3.56% 12.10% 10.12% 10.71% 3.45% 3.33% 3.66% 6.57% -5.29%
EBITDA Q/Q Growth		 330.37% -58.30% -8.02% 21.42% 26.19% 4.22% 6.67% 0.76% 2.46% 10.39% -9.60%
EBIT Q/Q Growth		 672.28% -63.43% -11.76% 28.82% 32.74% 5.55% 8.53% 0.33% 2.00% 11.42% -11.12%
NOPAT Q/Q Growth		 -30.73% -67.60% -11.76% 13.60% 37.54% 28.12% -2.52% -4.46% -17.90% 32.60% -8.03%
Net Income Q/Q Growth		 -38.89% -43.27% -43.81% 9.60% 34.97% 27.82% -3.05% -3.93% -16.50% 31.96% -6.24%
EPS Q/Q Growth		 -38.41% -41.94% -44.44% 10.00% 36.36% 26.67% -1.75% -5.36% -16.98% 31.82% -5.17%
Operating Cash Flow Q/Q Growth		 2.27% 6.32% -28.68% 80.02% -11.85% -4.98% 31.25% 21.89% -6.28% 12.88% -16.64%
Free Cash Flow Firm Q/Q Growth		 -69.21% -1,835.00% 0.99% 148.69% -62.13% 65.40% -63.39% 46.10% 111.76% 169.06% -2.80%
Invested Capital Q/Q Growth		 -5.37% 5.56% -1.91% -0.75% 1.72% 5.38% 1.03% -1.90% -2.84% -2.05% 0.75%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 77.18% 80.27% 79.93% 79.69% 80.69% 80.44% 80.29% 79.81% 79.50% 78.86% 79.73%
EBITDA Margin		 113.13% 40.64% 38.76% 41.99% 48.11% 45.29% 46.70% 45.54% 45.01% 46.63% 44.50%
Operating Margin		 99.59% 28.74% 25.56% 30.52% 37.59% 35.92% 37.89% 36.58% 35.43% 37.23% 34.27%
EBIT Margin		 102.17% 32.19% 29.45% 33.84% 40.80% 38.89% 40.80% 39.62% 38.98% 40.75% 38.24%
Profit (Net Income) Margin		 98.01% 47.90% 27.91% 27.29% 33.44% 38.61% 36.18% 33.64% 27.10% 33.56% 33.22%
Tax Burden Percent		 96.24% 93.09% 95.77% 81.30% 82.43% 99.83% 89.18% 85.40% 69.82% 82.69% 87.22%
Interest Burden Percent		 99.67% 159.85% 98.95% 99.17% 99.45% 99.44% 99.45% 99.44% 99.58% 99.59% 99.60%
Effective Tax Rate		 3.76% 6.91% 4.23% 18.70% 17.57% 0.17% 10.82% 14.60% 30.18% 17.31% 12.78%
Return on Invested Capital (ROIC)		 83.02% 22.66% 21.29% 19.60% 27.05% 31.90% 32.83% 32.81% 27.48% 35.09% 34.42%
ROIC Less NNEP Spread (ROIC-NNEP)		 82.31% 15.57% 20.10% 18.74% 26.16% 30.93% 31.95% 32.00% 26.72% 34.24% 33.50%
Return on Net Nonoperating Assets (RNNOA)		 -30.91% -6.24% -7.83% -7.27% -10.60% -13.00% -13.45% -14.57% -12.70% -17.14% -17.07%
Return on Equity (ROE)		 52.11% 16.42% 13.45% 12.33% 16.45% 18.90% 19.39% 18.24% 14.79% 17.96% 17.36%
Cash Return on Invested Capital (CROIC)		 34.49% 25.41% 32.19% 35.08% 19.30% 22.04% 23.59% 28.61% 33.23% 40.11% 39.72%
Operating Return on Assets (OROA)		 43.77% 13.07% 12.62% 13.59% 17.34% 16.64% 19.09% 18.81% 19.90% 20.08% 18.94%
Return on Assets (ROA)		 41.99% 19.45% 11.96% 10.96% 14.22% 16.52% 16.93% 15.98% 13.84% 16.53% 16.45%
Return on Common Equity (ROCE)		 52.11% 16.42% 13.45% 12.33% 16.45% 18.90% 19.39% 18.24% 14.79% 17.96% 17.36%
Return on Equity Simple (ROE_SIMPLE)		 30.49% 0.00% 36.66% 22.42% 16.96% 0.00% 17.87% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 101 33 29 33 45 58 56 54 44 59 54
NOPAT Margin		 95.85% 26.76% 24.48% 24.81% 30.99% 35.86% 33.79% 31.24% 24.74% 30.78% 29.89%
Net Nonoperating Expense Percent (NNEP)		 0.71% 7.09% 1.18% 0.86% 0.89% 0.98% 0.88% 0.81% 0.76% 0.85% 0.92%
Return On Investment Capital (ROIC_SIMPLE)		 - 3.15% - - - 5.15% 4.85% 4.38% 3.43% 4.29% 3.87%
Cost of Revenue to Revenue		 22.82% 19.73% 20.07% 20.31% 19.31% 19.56% 19.71% 20.19% 20.50% 21.14% 20.27%
SG&A Expenses to Revenue		 24.06% 21.00% 21.91% 18.47% 17.78% 17.38% 16.84% 16.33% 16.33% 15.75% 17.58%
R&D to Revenue		 35.49% 29.44% 31.69% 30.67% 28.38% 27.12% 25.57% 26.90% 27.74% 25.89% 27.88%
Operating Expenses to Revenue		 -22.42% 51.53% 54.37% 49.18% 43.10% 44.52% 42.41% 43.23% 44.07% 41.63% 45.45%
Earnings before Interest and Taxes (EBIT)		 108 39 35 45 59 63 68 68 70 78 69
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 119 50 46 55 70 73 78 78 80 89 80
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 6.37 7.07 6.70 6.16 4.38 5.03 4.77 5.60 8.70 7.25 6.66
Price to Tangible Book Value (P/TBV)		 9.56 10.16 9.78 8.80 6.20 6.90 6.45 7.41 11.33 9.27 8.45
Price to Revenue (P/Rev)		 13.20 15.91 14.28 13.26 8.78 10.12 9.14 10.65 16.52 13.98 12.86
Price to Earnings (P/E)		 20.90 21.97 18.28 27.45 25.81 31.33 26.70 30.01 49.00 42.92 40.32
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		 4.78% 4.55% 5.47% 3.64% 3.87% 3.19% 3.75% 3.33% 2.04% 2.33% 2.48%
Enterprise Value to Invested Capital (EV/IC)		 9.85 11.29 10.41 9.90 6.78 8.06 7.77 9.92 17.13 15.15 13.98
Enterprise Value to Revenue (EV/Rev)		 12.39 14.99 13.44 12.36 7.95 9.26 8.29 9.73 15.53 12.90 11.77
Enterprise Value to EBITDA (EV/EBITDA)		 29.06 32.43 25.83 21.86 18.63 21.10 18.16 20.99 34.04 28.07 25.90
Enterprise Value to EBIT (EV/EBIT)		 39.16 41.96 31.98 26.06 23.09 25.57 21.38 24.33 39.25 32.22 29.86
Enterprise Value to NOPAT (EV/NOPAT)		 20.50 25.22 20.63 30.24 29.23 31.32 26.15 29.50 49.74 42.93 40.34
Enterprise Value to Operating Cash Flow (EV/OCF)		 29.72 35.30 31.91 27.32 18.16 22.34 18.66 21.45 33.02 25.36 23.20
Enterprise Value to Free Cash Flow (EV/FCFF)		 31.10 49.98 36.31 27.83 35.94 37.37 34.15 35.73 51.93 36.67 34.12
Leverage & Solvency		 - - - - - - - - - - -
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
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		 -0.38 -0.40 -0.39 -0.39 -0.41 -0.42 -0.42 -0.46 -0.48 -0.50 -0.51
Leverage Ratio		 1.26 1.25 1.24 1.20 1.22 1.21 1.20 1.20 1.14 1.16 1.14
Compound Leverage Factor		 1.26 2.00 1.23 1.19 1.21 1.20 1.20 1.20 1.14 1.15 1.14
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%
Short-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%
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% 100.00% 100.00%
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
Net 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
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 0.00 0.00
Net 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
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		 16.72 20.67 18.97 17.85 13.68 16.15 16.19 18.34 58.40 37.33 41.22
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		 6.54 7.08 6.98 7.18 8.26 8.44 10.15 10.85 11.61 8.20 9.82
Quick Ratio		 6.00 6.28 6.25 6.42 7.43 7.70 9.27 10.08 10.75 7.67 9.04
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 5.94 -103 -102 50 19 31 11 17 35 95 92
Operating Cash Flow to CapEx		 647.52% 6,978.37% 1,300.50% 621.55% 628.92% 908.98% 983.41% 1,450.12% 1,487.20% 1,531.64% 715.16%
Free Cash Flow to Firm to Interest Expense		 16.69 -273.49 -278.93 133.97 57.55 88.43 30.23 43.59 119.92 296.45 330.51
Operating Cash Flow to Interest Expense		 144.91 145.49 106.88 189.82 189.83 167.57 205.34 247.01 300.78 311.93 298.24
Operating Cash Flow Less CapEx to Interest Expense		 122.53 143.41 98.66 159.28 159.65 149.13 184.46 229.98 280.55 291.56 256.54
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.43 0.41 0.43 0.40 0.43 0.43 0.47 0.47 0.51 0.49 0.50
Accounts Receivable Turnover		 2.98 2.93 3.26 3.52 4.19 3.95 4.51 5.25 5.44 4.56 5.21
Inventory Turnover		 4.62 3.63 2.59 2.29 2.46 2.73 2.58 2.79 2.90 3.26 2.87
Fixed Asset Turnover		 6.07 5.99 5.94 5.89 7.05 7.77 8.11 7.13 7.81 7.51 7.39
Accounts Payable Turnover		 6.25 4.82 4.45 4.42 5.70 6.02 5.80 6.67 8.19 5.31 5.74
Days Sales Outstanding (DSO)		 122.63 124.62 111.91 103.64 87.18 92.35 80.84 69.51 67.04 80.10 70.08
Days Inventory Outstanding (DIO)		 78.99 100.68 141.13 159.34 148.41 133.90 141.21 130.82 125.74 112.13 127.07
Days Payable Outstanding (DPO)		 58.44 75.68 82.05 82.54 64.05 60.66 62.93 54.69 44.56 68.79 63.64
Cash Conversion Cycle (CCC)		 143.18 149.61 170.99 180.44 171.53 165.60 159.13 145.63 148.22 123.44 133.52
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 580 612 601 596 606 639 645 633 615 603 607
Invested Capital Turnover		 0.87 0.85 0.87 0.79 0.87 0.89 0.97 1.05 1.11 1.14 1.15
Increase / (Decrease) in Invested Capital		 95 136 131 -17 26 27 45 37 8.91 -36 -38
Enterprise Value (EV)		 5,713 6,912 6,254 5,900 4,114 5,152 5,018 6,282 10,538 9,130 8,487
Market Capitalization		 6,088 7,338 6,645 6,333 4,546 5,634 5,532 6,877 11,211 9,892 9,273
Book Value per Share		 $8.76 $9.66 $9.17 $9.55 $9.65 $10.52 $10.85 $11.43 $11.98 $12.67 $12.93
Tangible Book Value per Share		 $5.83 $6.72 $6.28 $6.68 $6.81 $7.66 $8.03 $8.64 $9.20 $9.92 $10.19
Total Capital		 956 1,038 992 1,029 1,039 1,121 1,160 1,228 1,288 1,364 1,393
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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		 -376 -426 -391 -433 -433 -482 -514 -595 -673 -762 -786
Capital Expenditures (CapEx)		 7.97 0.79 3.01 11 9.87 6.49 7.87 6.51 5.95 6.52 12
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 91 116 103 92 105 127 134 117 121 106 112
Debt-free Net Working Capital (DFNWC)		 466 542 494 525 538 608 649 712 794 868 898
Net Working Capital (NWC)		 466 542 494 525 538 608 649 712 794 868 898
Net Nonoperating Expense (NNE)		 -2.27 -26 -4.04 -3.28 -3.58 -4.44 -3.99 -4.14 -4.21 -5.28 -5.99
Net Nonoperating Obligations (NNO)		 -376 -426 -391 -433 -433 -482 -514 -595 -673 -762 -786
Total Depreciation and Amortization (D&A)		 12 10 11 11 11 10 9.84 10 11 11 11
Debt-free, Cash-free Net Working Capital to Revenue		 19.70% 25.09% 22.10% 19.32% 20.32% 22.75% 22.17% 18.08% 17.77% 15.04% 15.52%
Debt-free Net Working Capital to Revenue		 101.12% 117.44% 106.15% 109.97% 103.89% 109.31% 107.13% 110.23% 117.01% 122.70% 124.53%
Net Working Capital to Revenue		 101.12% 117.44% 106.15% 109.97% 103.89% 109.31% 107.13% 110.23% 117.01% 122.70% 124.53%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.95 $0.56 $0.30 $0.33 $0.45 $0.59 $0.56 $0.54 $0.45 $0.59 $0.55
Adjusted Weighted Average Basic Shares Outstanding		 108.32M 108.18M 108.09M 107.72M 107.24M 107.44M 107.24M 107.59M 107.62M 107.55M 108.03M
Adjusted Diluted Earnings per Share		 $0.93 $0.54 $0.30 $0.33 $0.45 $0.57 $0.56 $0.53 $0.44 $0.58 $0.55
Adjusted Weighted Average Diluted Shares Outstanding		 110.78M 110.89M 110.04M 109.05M 108.47M 109.04M 108.63M 108.52M 109.30M 109.24M 109.72M
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		 107.51M 107.89M 107.78M 107.68M 106.58M 106.86M 107.41M 107.59M 107.65M 107.79M 108.14M
Normalized Net Operating Profit after Tax (NOPAT)		 105 34 30 33 41 58 56 54 44 59 54
Normalized NOPAT Margin		 99.76% 27.59% 25.05% 24.73% 28.41% 35.86% 33.79% 31.24% 24.74% 30.78% 29.89%
Pre Tax Income Margin		 101.83% 51.46% 29.14% 33.56% 40.57% 38.67% 40.57% 39.39% 38.81% 40.58% 38.09%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 302.21 104.37 94.86 120.54 181.54 178.00 180.37 178.59 236.67 242.27 246.99
NOPAT to Interest Expense		 283.50 86.74 78.84 88.36 137.88 164.11 149.36 140.83 150.22 183.01 193.06
EBIT Less CapEx to Interest Expense		 279.83 102.28 86.64 90.01 151.35 159.57 159.49 161.56 216.45 221.90 205.28
NOPAT Less CapEx to Interest Expense		 261.13 84.66 70.62 57.82 107.70 145.67 128.48 123.79 130.00 162.65 151.36
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		 34.44% 30.11% 41.63% 71.02% 64.44% 63.01% 31.20% 24.36% 2.54% 3.09% 3.27%

Financials Breakdown Chart

Key Financial Trends

Rambus (RMBS) has shown a generally improving revenue and profit trajectory over the last four years, supported by strong cash flow generation and a robust balance sheet. Here are the most relevant takeaways for retail investors, based on quarterly data from 2022 through 2025 (latest quarter: Q4 2025).

  • Revenue trend and scale: Operating revenue rose from about 122.2 million in Q4 2022 to 190.2 million in Q4 2025, indicating a sustained growth trajectory across the four-year window. For context, Q4 2024 revenue was 161.1 million and Q4 2023 was 122.2 million.
  • Very high gross margin: Total Gross Profit in Q4 2025 was 150.0 million on 190.2 million revenue, implying a gross margin of roughly 79% (a favorable, IP/licensing-led mix).
  • Net income momentum: Net income attributable to common shareholders reached 63.84 million in Q4 2025, up from 62.20 million in Q4 2024 and 58.55 million in Q4 2023, signaling sustained profitability.
  • Strong operating cash flow: Net cash from continuing operating activities was about 99.8 million in Q4 2025, up from ~59.0 million in Q4 2024, highlighting solid cash generation from core operations.
  • Liquidity and debt posture: The latest quarterly balance sheet shows minimal to no long-term debt (Long-Term Debt = 0), with Total Liabilities around 118 million and Total Equity around 1.289 billion, signaling a strong net asset position and ample liquidity.
  • Liquidity mix remains substantial: As of Q3 2025, Rambus held about 79.2 million in cash and 594.1 million in short-term investments, totaling roughly 673 million in liquid assets, which supports liquidity without relying on debt.
  • Investing cash outflows (broad investments): The company has historically deployed cash into investments (for example, purchases of investments in various quarters, such as -$194.3 million in Q3 2025 and -$212.7 million in Q2 2025), contributing to negative investing cash flow in those periods.
  • Financing activity headwinds from buybacks: Financing cash outflows tied to share repurchases occurred in multiple quarters (e.g., -$5.1 million in Q3 2025 and -$1.3 million in Q4 2025), reducing cash on hand even as profitability remains strong.
05/22/26 06:43 AM ETAI Generated. May Contain Errors.

Rambus Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Rambus' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Rambus' net income appears to be on an upward trend, with a most recent value of $230.46 million in 2025, rising from $211.39 million in 2015. The previous period was $179.82 million in 2024. See Rambus' forecast for analyst expectations on what's next for the company.

Rambus' total operating income in 2025 was $260.22 million, based on the following breakdown:
  • Total Gross Profit: $563.22 million
  • Total Operating Expenses: $303.00 million

Over the last 10 years, Rambus' total revenue changed from $296.28 million in 2015 to $707.63 million in 2025, a change of 138.8%.

Rambus' total liabilities were at $165.12 million at the end of 2025, a 25.8% decrease from 2024, and a 13.8% decrease since 2015.

In the past 10 years, Rambus' cash and equivalents has ranged from $94.77 million in 2023 to $225.84 million in 2017, and is currently $182.83 million as of their latest financial filing in 2025.

Over the last 10 years, Rambus' book value per share changed from 4.52 in 2015 to 12.67 in 2025, a change of 180.5%.


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Financial statements for NASDAQ:RMBS last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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