Rambus Inc. (RMBS)

NASDAQ: RMBS · Real-Time Price · USD

84.40

-2.29 (-2.64%)

At close: Sep 1, 2026, 4:00 PM EDT

84.25

-0.15 (-0.18%)

After-hours: Sep 1, 2026, 7:59 PM EDT

Rambus Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	756.33	707.63	556.62	461.12	454.79	328.3
Revenue Growth	17.17%	27.13%	20.71%	1.39%	38.53%	33.28%
Gross Profit	607.76	570.09	457.72	371.22	361.15	274.15
Operating Income	271.89	260.22	179.04	91.5	80.05	32.15
Net Income	239.68	230.46	179.82	333.9	-14.31	18.33
Earnings Per Share	2.18	2.11	1.65	3.01	-0.13	0.16
EPS Growth	3.23%	27.88%	-45.18%	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Product	377.28	347.75	246.82	224.63	227.07	143.94
Royalties	290.7	279.38	226.17	150.11	139.82	136.71
Contract and Other	88.36	80.5	83.64	86.38	87.91	47.66
Revenue (Total)	756.33	707.63	556.62	461.12	454.79	328.3

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	824.95	761.83	481.8	425.84	313.23	485.61
Total Debt	21.8	24.98	30.15	30.71	44.48	198.78
Net Cash (Debt)	803.15	736.85	451.65	395.14	268.75	286.83
Net Cash Growth	41.68%	63.15%	14.30%	47.03%	-6.30%	-6.75%
Net Cash Per Share	7.31	6.75	4.14	3.56	2.45	2.50

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	332.7	360.02	230.6	195.79	230.39	209.22
Capital Expenditures	-33.17	-26.84	-30.7	-23.24	-17.48	-13.79
Free Cash Flow	299.54	333.18	199.9	172.55	212.92	195.43
Free Cash Flow Growth	14.29%	66.67%	15.85%	-18.96%	8.95%	25.49%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	80.36%	80.56%	82.23%	80.50%	79.41%	83.50%
Operating Margin	35.95%	36.77%	32.16%	19.84%	17.60%	9.79%
Pretax Margin	38.95%	39.85%	35.94%	40.59%	-1.72%	7.09%
Profit Margin	31.69%	32.57%	32.31%	72.41%	-3.15%	5.58%
FCF Margin	39.60%	47.08%	35.91%	37.42%	46.82%	59.53%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 2, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	38.71	42.92	31.33	21.98	-	175.32
Forward PE	24.93	32.37	22.57	34.41	20.41	20.25
P/FCF Ratio	30.56	29.69	28.18	42.53	18.08	16.45
PS Ratio	12.10	13.98	10.12	15.91	8.47	9.79