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IT services · Technology · Fiscal year ends Mar 31
LiveRamp reported revenue of $813M in the fiscal year ended Mar 2026, up 9.0% from the year before. Operating income was $83M, an operating margin of 10.3%, and net income was $146M. Operating cash flow of $168M less capital expenditure of $1M left free cash flow of $166M.
Ranks among the 36 it services companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 529 | 597 | 660 | 746 | 813 |
| Cost of revenue | 147 | 170 | 179 | 216 | 238 |
| Gross profit | 381 | 426 | 480 | 530 | 575 |
| Research & development | 158 | 189 | 151 | 177 | 148 |
| Selling, general & admin | 287 | 328 | 306 | 340 | 338 |
| Operating income | −65.5 | −126 | 11.4 | 5.4 | 83.5 |
| Pre-tax income | −35.1 | −119 | 34.4 | 22.8 | 98.1 |
| Income tax | −1.2 | 5.3 | 24.3 | 25.3 | −46.7 |
| Net income | −33.8 | −119 | 11.9 | −0.8 | 146 |
| Diluted EPS | −0.50 | −1.79 | 0.17 | −0.01 | 2.24 |
| Diluted shares | 68.2 | 66.4 | 67.9 | 66.1 | 65.0 |
| Fiscal year | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | 600 | 464 | 337 | 413 | 380 |
| Receivables | 148 | 157 | 190 | 186 | 213 |
| Current assets | 816 | 715 | 602 | 656 | 653 |
| Net PP&E | 11.5 | 7.1 | 8.2 | 6.2 | 5.2 |
| Goodwill | 364 | 363 | 502 | 502 | 502 |
| Total assets | 1,334 | 1,173 | 1,231 | 1,259 | 1,294 |
| Payables | 83.2 | 86.6 | 81.2 | 112 | 130 |
| Deferred revenue | 16.1 | 19.1 | 30.9 | 45.9 | 39.7 |
| Current liabilities | 185 | 175 | 217 | 248 | 265 |
| Total liabilities | 271 | 247 | 282 | 311 | 322 |
| Shareholders' equity | 1,063 | 926 | 949 | 949 | 972 |
| Backlog (remaining obligations) | 394 | 471 | 566 | 711 | 760 |
| Fiscal year | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating cash flow | 78.1 | 34.4 | 106 | 154 | 168 |
| Capital expenditure | 4.5 | 4.7 | 4.3 | 1.0 | 1.4 |
| Free cash flow | 73.6 | 29.7 | 101 | 153 | 166 |
| Depreciation & amortisation | 24.2 | 20.8 | 11.5 | 17.2 | 13.4 |
| Stock-based compensation | 87.3 | 126 | 71.3 | 108 | 83.0 |
| Acquisitions | 19.1 | 0.0 | 170 | 2.0 | 0.6 |
| Share buybacks | 58.6 | 150 | 60.5 | 101 | 195 |
| Fiscal year | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 12.8% | 10.6% | 13.0% | 9.0% |
| Operating income growth (YoY) | – | – | – | −52.6% | 1444.5% |
| EPS growth (YoY) | – | – | – | −105.9% | – |
| Gross margin | 72.1% | 71.5% | 72.8% | 71.0% | 70.7% |
| Operating margin | −12.4% | −21.1% | 1.7% | 0.7% | 10.3% |
| Net margin | −6.4% | −19.9% | 1.8% | −0.1% | 18.0% |
| Return on equityBlank when equity is negative | −3.2% | −12.8% | 1.3% | −0.1% | 15.0% |
| ROCEEBIT ÷ (assets − current liabilities) | −5.7% | −12.6% | 1.1% | 0.5% | 8.1% |
| Free cash flow margin | 13.9% | 5.0% | 15.4% | 20.5% | 20.5% |
| Cash conversion (CFO ÷ net income) | −2.31x | −0.29x | 8.89x | −189x | 1.15x |
| Receivable days | 102 | 96 | 105 | 91 | 96 |
| Payable days | 206 | 186 | 165 | 190 | 199 |
| Current ratio | 4.42x | 4.09x | 2.78x | 2.65x | 2.47x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.