Ribbon Communications Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $844.6M | $833.9M | $826.3M | $819.8M | $845.0M |
| Cost of revenue | $423.9M | $394.4M | $418.3M | $418.8M | $400.3M |
| Gross profit | $420.7M | $439.5M | $408.1M | $400.9M | $444.7M |
| Research and development | $178.9M | $179.9M | $190.7M | $203.7M | $194.9M |
| Operating expenses | $424.0M | $422.6M | $432.4M | $449.3M | $562.5M |
| Operating income | -$3.3M | $16.9M | -$24.3M | -$48.3M | -$117.8M |
| Pretax income | -$45.1M | -$46.1M | -$55.4M | -$112.6M | -$208.1M |
| Income tax expense | -$84.7M | $8.2M | $10.8M | -$14.5M | -$31.0M |
| Net income | $39.6M | -$54.2M | -$66.2M | -$98.1M | -$177.2M |
| Balance Sheet | |||||
| Cash and equivalents | $96.4M | $87.8M | $26.5M | $67.3M | $103.9M |
| Current assets | $454.5M | $463.7M | $418.7M | $478.0M | $481.0M |
| Total assets | $1.2B | $1.2B | $1.1B | $1.3B | $1.3B |
| Current liabilities | $315.5M | $328.9M | $341.1M | $330.5M | $344.5M |
| Total liabilities | $763.3M | $757.9M | $691.4M | $737.1M | $820.6M |
| Total debt | $333.4M | $342.1M | $200.3M | $310.4M | — |
| Stockholders' equity | $449.0M | $404.6M | $452.8M | $518.4M | $527.2M |
| Cash Flow Statement | |||||
| Cash from operations | $51.4M | $50.2M | $17.1M | -$26.4M | $19.2M |
| Depreciation and amortization | $16.7M | $13.5M | $14.1M | $15.3M | $17.0M |
| Stock-based compensation | $19.4M | $16.1M | $21.8M | $18.7M | $19.4M |
| Capital expenditure | $25.3M | $22.4M | $9.4M | $10.3M | $17.1M |
| Free cash flow | $26.1M | $27.8M | $7.7M | -$36.6M | $2.0M |
| Share repurchases | $9.0M | — | — | — | $0 |
| Impairments | $0 | $0 | $0 | $0 | $116.0M |
Shares outstanding 176.1M · Free float 36.2%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.