RAMBUS 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 | $707.6M | $556.6M | $461.1M | $454.8M | $328.3M |
| Cost of revenue | $144.4M | $110.1M | $103.4M | $107.6M | $70.4M |
| Gross profit | $563.2M | $446.5M | $357.7M | $347.2M | $257.9M |
| Selling, general & administrative | $115.3M | $104.1M | $108.1M | $106.7M | $91.1M |
| Research and development | $187.7M | $162.9M | $156.8M | $158.8M | $135.7M |
| Operating expenses | $303.0M | $263.5M | $204.1M | $270.3M | $233.6M |
| Operating income | $260.2M | $183.0M | $153.6M | $76.9M | $24.3M |
| Interest expense | $1.4M | $1.4M | $1.5M | $1.9M | $10.7M |
| Pretax income | $282.0M | $200.0M | $187.2M | -$7.8M | $23.3M |
| Income tax expense | $51.5M | $20.2M | -$146.7M | $6.5M | $5.0M |
| Net income | $230.5M | $179.8M | $333.9M | -$14.3M | $18.3M |
| Balance Sheet | |||||
| Cash and equivalents | $182.8M | $99.8M | $94.8M | $125.3M | $107.9M |
| Current assets | $988.8M | $690.3M | $630.6M | $527.2M | $684.4M |
| Total assets | $1.5B | $1.3B | $1.3B | $1.0B | $1.2B |
| Current liabilities | $120.6M | $81.8M | $89.1M | $126.7M | $267.3M |
| Total liabilities | $165.1M | $222.4M | $220.1M | $233.3M | $370.2M |
| Stockholders' equity | $1.4B | $1.1B | $1.0B | $779.3M | $862.4M |
| Cash Flow Statement | |||||
| Cash from operations | $360.0M | $230.6M | $195.8M | $230.4M | $209.2M |
| Depreciation and amortization | $11.9M | $10.1M | $10.1M | $9.3M | $21.0M |
| Stock-based compensation | $54.3M | $44.9M | $45.0M | $35.6M | $27.5M |
| Capital expenditure | $26.8M | $30.7M | $23.2M | $17.5M | $13.8M |
| Free cash flow | $333.2M | $199.9M | $172.5M | $212.9M | $195.4M |
| Share repurchases | $7.1M | $113.3M | $100.5M | $100.4M | $100.1M |
| Impairments | $0 | $0 | $0 | — | — |
Shares outstanding 108.1M · Free float 99.2%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.