Rambus (RMBS)

Nasdaq Information Technology Semiconductors S&P MidCap 400

$74.53

+4.85 (+6.96%)

Close of Nov 06, 2026 · end-of-day data

Source: Rambus's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 03, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$336.60M	$393.10M	$231.20M	$227.60M	$246.32M	$328.30M	$454.79M	$461.12M	$556.62M	$707.63M
Cost of revenue	$45.76M	$55.36M	$53.70M	$51.38M	$60.75M	$70.39M	$107.58M	$103.42M	$110.11M	$144.41M
Gross profit	$290.84M	$337.73M	$177.50M	$176.23M	$185.57M	$257.91M	$347.21M	$357.69M	$446.52M	$563.22M
Research & development	$129.84M	$149.13M	$158.34M	$156.81M	$139.84M	$135.68M	$158.77M	$156.83M	$162.88M	$187.71M
Selling, general & admin	$95.14M	$110.94M	$98.25M	$100.55M	$86.44M	$91.06M	$106.72M	$108.15M	$104.09M	$115.29M
Operating income	$33.64M	$54.41M	-$86.97M	-$100.14M	-$44.05M	$24.28M	$76.94M	$153.64M	$183.01M	$260.22M
Interest expense	$12.74M	$13.72M	$16.28M	$9.85M	$10.34M	$10.71M	$1.87M	$1.49M	$1.42M	$1.37M
Pre-tax income	$22.64M	$40.99M	-$70.63M	-$82.55M	-$36.54M	$23.29M	-$7.83M	$187.16M	$200.04M	$281.96M
Income tax	$15.82M	$63.85M	$87.33M	$3.42M	$3.93M	$4.95M	$6.49M	-$146.74M	$20.22M	$51.50M
Net income	$6.82M	-$22.86M	-$157.96M	-$85.96M	-$40.47M	$18.33M	-$14.31M	$333.90M	$179.82M	$230.46M
EBITDA	$46.61M	$67.71M	-$76.27M	-$84.84M	-$21.95M	$45.28M	$86.21M	$163.78M	$193.09M	$272.13M
EPS (basic)	$0.06	$-0.21	$-1.46	$-0.77	$-0.36	$0.17	$-0.13	$3.09	$1.67	$2.14
EPS (diluted)	$0.06	$-0.21	$-1.46	$-0.77	$-0.36	$0.16	$-0.13	$3.01	$1.65	$2.11
Diluted shares	113.14M	110.20M	108.45M	110.95M	113.25M	114.86M	109.47M	110.89M	109.04M	109.23M
Gross margin	86.4%	85.9%	76.8%	77.4%	75.3%	78.6%	76.3%	77.6%	80.2%	79.6%
Operating margin	10.0%	13.8%	-37.6%	-44.0%	-17.9%	7.4%	16.9%	33.3%	32.9%	36.8%
Net margin	2.0%	-5.8%	-68.3%	-37.8%	-16.4%	5.6%	-3.1%	72.4%	32.3%	32.6%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$135.29M	$225.84M	$115.92M	$102.18M	$128.97M	$107.89M	$125.34M	$94.77M	$99.77M	$182.82M
Short-term investments	—	—	—	—	$373.68M	$377.72M	$187.89M	$331.08M	$382.02M	$579.00M
Receivables	$21.10M	$25.33M	$50.86M	$44.04M	$27.90M	$44.06M	$55.37M	$82.92M	$122.81M	$137.48M
Inventory	$5.63M	$5.16M	$6.77M	$10.09M	$14.47M	$8.48M	$20.90M	$36.15M	$44.63M	$44.10M
Total current assets	$216.78M	$371.74M	$527.75M	$664.67M	$699.71M	$684.36M	$527.21M	$630.64M	$690.26M	$988.82M
Goodwill	$204.79M	$209.66M	$207.18M	$183.47M	$183.22M	$278.81M	$292.04M	$286.81M	$286.81M	$286.81M
Total assets	$783.50M	$891.07M	$1.36B	$1.34B	$1.25B	$1.23B	$1.01B	$1.26B	$1.34B	$1.53B
Total current liabilities	$51.30M	$132.84M	$69.28M	$86.18M	$85.86M	$267.27M	$126.71M	$89.12M	$81.81M	$120.57M
Total liabilities	$230.71M	$319.49M	$349.04M	$368.07M	$338.70M	$370.25M	$233.30M	$220.13M	$222.44M	$165.12M
Shareholders' equity	$552.78M	$571.58M	$1.01B	$975.37M	$912.71M	$862.40M	$779.30M	$1.04B	$1.12B	$1.36B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$95.60M	$117.44M	$86.22M	$128.53M	$185.46M	$209.22M	$230.39M	$195.79M	$230.60M	$360.02M
Capital expenditures	$8.56M	$9.38M	$10.76M	$6.47M	$29.73M	$13.79M	$17.48M	$23.24M	$30.70M	$26.84M
Free cash flow	$87.05M	$108.05M	$75.46M	$122.06M	$155.73M	$195.43M	$212.91M	$172.55M	$199.90M	$333.18M
Investing cash flow	-$105.21M	-$75.47M	-$67.14M	-$141.47M	-$97.57M	-$115.66M	$151.98M	-$57.40M	-$56.72M	-$223.11M
Financing cash flow	$2.70M	$46.45M	-$127.68M	-$298.00K	-$61.19M	-$114.21M	-$362.94M	-$169.62M	-$167.99M	-$54.41M
Share buybacks	$0	$50.04M	$50.03M	$0	$50.07M	$100.08M	$100.42M	$100.53M	$113.31M	$7.11M
Stock-based compensation	$21.01M	$27.40M	$21.74M	$26.48M	$25.78M	$27.49M	$35.55M	$45.01M	$44.88M	$54.27M
Depreciation & amortization	$12.96M	$13.30M	$10.70M	$15.30M	$22.10M	$21.00M	$9.27M	$10.14M	$10.08M	$11.92M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$122.22M	$117.87M	$132.14M	$145.51M	$161.10M	$166.66M	$172.21M	$178.51M	$190.24M	$180.19M	$207.38M	$218.29M
Cost of revenue	$24.12M	$23.66M	$26.83M	$28.10M	$31.52M	$32.84M	$34.77M	$36.59M	$40.21M	$36.53M	$41.97M	$47.38M
Gross profit	$98.11M	$94.21M	$105.31M	$117.41M	$129.59M	$133.82M	$137.44M	$141.92M	$150.03M	$143.66M	$165.41M	$170.91M
Research & development	$35.98M	$37.36M	$40.52M	$41.30M	$43.70M	$42.62M	$46.33M	$49.51M	$49.25M	$50.23M	$51.10M	$49.35M
Selling, general & admin	$25.66M	$25.83M	$24.40M	$25.87M	$28.00M	$28.06M	$28.11M	$29.16M	$29.96M	$31.67M	$38.26M	$37.68M
Operating income	$35.13M	$30.13M	$40.32M	$54.70M	$57.86M	$63.14M	$62.99M	$63.26M	$70.83M	$61.76M	$72.73M	$83.65M
Interest expense	$377.00K	$366.00K	$371.00K	$327.00K	$352.00K	$377.00K	$382.00K	$294.00K	$320.00K	$279.00K	$302.00K	$279.00K
Pre-tax income	$62.89M	$34.35M	$44.35M	$59.03M	$62.30M	$67.62M	$67.84M	$69.29M	$77.21M	$68.63M	$79.49M	$90.53M
Income tax	$4.35M	$1.45M	$8.29M	$10.37M	$103.00K	$7.32M	$9.90M	$20.91M	$13.37M	$8.77M	$11.88M	$15.97M
Net income	$58.55M	$32.90M	$36.06M	$48.66M	$62.20M	$60.30M	$57.94M	$48.38M	$63.84M	$59.86M	$67.61M	$74.56M
EBITDA	$46.22M	$32.51M	$42.64M	$57.31M	$60.62M	$65.92M	$66.00M	$66.29M	$73.92M	$64.83M	$75.69M	$86.70M
EPS (basic)	$0.55	$0.30	$0.33	$0.45	$0.58	$0.56	$0.54	$0.45	$0.59	$0.55	$0.62	$0.69
EPS (diluted)	$0.53	$0.30	$0.33	$0.45	$0.57	$0.56	$0.53	$0.44	$0.58	$0.55	$0.61	$0.69
Diluted shares	-290.00K	110.04M	109.05M	108.47M	-277.00K	108.63M	108.52M	109.30M	273.00K	109.72M	109.98M	108.79M
Gross margin	80.3%	79.9%	79.7%	80.7%	80.4%	80.3%	79.8%	79.5%	78.9%	79.7%	79.8%	78.3%
Operating margin	28.7%	25.6%	30.5%	37.6%	35.9%	37.9%	36.6%	35.4%	37.2%	34.3%	35.1%	38.3%
Net margin	47.9%	27.9%	27.3%	33.4%	38.6%	36.2%	33.6%	27.1%	33.6%	33.2%	32.6%	34.2%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$94.77M	$112.61M	$124.58M	$113.98M	$99.77M	$132.19M	$87.76M	$79.20M	$182.82M	$134.32M	$87.73M	$110.53M
Short-term investments	$331.08M	$278.44M	$308.31M	$318.72M	$382.02M	$382.20M	$507.07M	$594.10M	$579.00M	$651.82M	$737.23M	$666.38M
Receivables	$82.92M	$86.94M	$83.21M	$87.20M	$122.81M	$119.14M	$107.08M	$105.38M	$137.48M	$109.30M	$144.09M	$142.15M
Inventory	$36.15M	$47.60M	$52.60M	$48.91M	$44.63M	$44.70M	$38.60M	$44.61M	$44.10M	$58.42M	$74.84M	$87.23M
Total current assets	$630.64M	$576.46M	$610.16M	$612.01M	$690.26M	$719.46M	$783.76M	$868.73M	$988.82M	$999.88M	$1.09B	$1.05B
Goodwill	$286.81M	$286.81M	$286.81M	$286.81M	$286.81M	$286.81M	$286.81M	$286.81M	$286.81M	$286.81M	$286.81M	$286.81M
Total assets	$1.26B	$1.21B	$1.25B	$1.25B	$1.34B	$1.38B	$1.47B	$1.41B	$1.53B	$1.53B	$1.61B	$1.56B
Total current liabilities	$89.12M	$82.61M	$85.03M	$74.13M	$81.81M	$70.86M	$72.23M	$74.83M	$120.57M	$101.83M	$111.49M	$112.09M
Total liabilities	$220.13M	$217.24M	$221.73M	$212.59M	$222.44M	$219.53M	$239.83M	$117.87M	$165.12M	$139.91M	$145.67M	$140.50M
Shareholders' equity	$1.04B	$991.59M	$1.03B	$1.04B	$1.12B	$1.16B	$1.23B	$1.29B	$1.36B	$1.39B	$1.47B	$1.42B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$54.85M	$39.12M	$70.42M	$62.07M	$58.98M	$77.41M	$94.36M	$88.43M	$99.82M	$83.21M	$61.25M	$102.48M
Capital expenditures	$786.00K	$3.01M	$11.33M	$9.87M	$6.49M	$7.87M	$6.51M	$5.95M	$6.52M	$11.63M	$9.07M	$6.60M
Free cash flow	$54.06M	$36.11M	$59.09M	$52.20M	$52.49M	$69.54M	$87.85M	$82.48M	$93.30M	$71.57M	$52.18M	$95.88M
Investing cash flow	-$88.27M	$71.37M	-$40.60M	-$17.76M	-$69.74M	-$8.37M	-$131.22M	-$91.85M	$8.33M	-$85.31M	-$94.96M	$62.68M
Financing cash flow	-$4.24M	-$92.35M	-$17.70M	-$55.27M	-$2.66M	-$36.76M	-$7.99M	-$5.12M	-$4.54M	-$46.26M	-$12.63M	-$142.56M
Share buybacks	$200.00K	$50.81M	$12.50M	$50.00M	$0	$2.16M	$3.65M	$0	$1.30M	$2.57M	$387.00K	$135.35M
Stock-based compensation	$10.53M	$9.50M	$11.65M	$12.00M	$11.73M	$11.38M	$14.23M	$14.21M	$14.45M	$11.45M	$15.89M	$17.12M
Depreciation & amortization	$11.09M	$2.38M	$2.32M	$2.62M	$2.76M	$2.78M	$3.01M	$3.04M	$3.09M	$3.07M	$2.96M	$3.05M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.