RBBN · Ribbon Communications Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $162.61M | - | $215.37M | $220.58M | $181.28M | - | $210.24M | $192.62M | $179.66M | - |
| Cost of Revenue | $92.92M | - | $107.41M | $111.28M | $98.91M | - | $100.62M | $94.75M | $87.71M | - |
| Gross Profit | $69.69M | - | $107.97M | $109.31M | $82.37M | - | $109.62M | $97.87M | $91.95M | - |
| R&D | $44.45M | - | $45.89M | $44.70M | $43.57M | - | $45.65M | $43.49M | $45.76M | - |
| SG&A | $16.98M | - | $16.37M | $16.63M | $15.13M | - | $21.59M | $14.90M | $15.19M | - |
| Total Operating Expenses | $101.39M | - | $105.20M | $105.08M | $101.98M | - | $110.54M | $99.80M | $105.44M | - |
| D&A | $4.46M | - | $4.42M | $4.29M | $3.47M | - | $3.36M | $3.38M | $3.39M | - |
| Operating Income | ($31.70M) | - | $2.76M | $4.23M | ($19.61M) | - | ($927.0K) | ($1.94M) | ($13.49M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | ($6.45M) | - | $3.13M | $2.18M | ($754.0K) | - | $1.60M | $1.50M | $3.38M | - |
| Net Income | ($34.49M) | - | ($12.11M) | ($11.09M) | ($26.23M) | - | ($13.42M) | ($16.82M) | ($30.36M) | - |
| EPS - Basic | ($0.20) | - | ($0.07) | ($0.06) | ($0.15) | - | ($0.08) | ($0.10) | ($0.18) | - |
| EPS - Diluted | ($0.20) | - | ($0.07) | ($0.06) | ($0.15) | - | ($0.08) | ($0.10) | ($0.18) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $67.55M | $96.41M | $74.80M | $60.45M | $71.24M | $87.77M | $37.24M | $64.56M | $30.93M | $26.63M |
| Accounts Receivable | $204.06M | $231.88M | $218.31M | $249.36M | $225.49M | $254.72M | $249.18M | $210.95M | $212.50M | $268.42M |
| Inventory | $81.46M | $78.81M | $80.01M | $80.30M | $79.63M | $79.18M | $77.32M | $79.22M | $80.76M | $77.52M |
| Accounts Payable | $77.29M | $79.84M | $76.74M | $88.70M | $80.84M | $87.76M | $78.94M | $64.33M | $66.85M | $85.16M |
| Current Assets | $408.50M | $454.49M | $418.43M | $433.94M | $425.06M | $463.66M | $416.58M | $404.15M | $369.13M | $418.72M |
| Total Assets | $1.16B | $1.21B | $1.11B | $1.14B | $1.14B | $1.16B | $1.11B | $1.11B | $1.08B | $1.14B |
| Current Liabilities | $298.83M | $315.47M | $291.87M | $313.62M | $305.18M | $328.87M | $293.10M | $272.57M | $504.31M | $341.07M |
| Long-term Debt | $322.98M | $324.52M | $326.07M | $327.63M | $329.18M | $330.73M | $332.43M | $333.98M | $0 | $197.48M |
| Total Liabilities | $740.60M | $763.26M | $745.18M | $771.74M | $755.66M | $757.93M | $719.23M | $700.43M | $653.80M | $691.39M |
| Stockholders' Equity | $419.10M | $448.99M | $360.05M | $370.44M | $381.81M | $404.62M | $395.53M | $405.02M | $424.66M | $452.76M |
| Retained Earnings | ($1.57B) | ($1.53B) | ($1.62B) | ($1.61B) | ($1.60B) | ($1.57B) | ($1.58B) | ($1.57B) | ($1.55B) | ($1.52B) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($22.00M) | - | - | - | ($3.54M) | - | - | - | $13.10M | - |
| Investing Cash Flow | ($3.07M) | - | - | - | ($12.15M) | - | - | - | ($2.66M) | - |
| Financing Cash Flow | ($3.11M) | - | - | - | ($1.81M) | - | - | - | ($5.84M) | - |
| CapEx | $3.07M | - | - | - | $12.15M | - | - | - | $2.51M | - |
| Free Cash Flow | ($25.07M) | - | - | - | ($15.68M) | - | - | - | $10.59M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 42.9% | - | 50.1% | 49.6% | 45.4% | - | 52.1% | 50.8% | 51.2% | - |
| Operating margin | -19.5% | - | 1.3% | 1.9% | -10.8% | - | -0.4% | -1.0% | -7.5% | - |
| EBITDA margin | -16.7% | - | 3.3% | 3.9% | -8.9% | - | 1.2% | 0.7% | -5.6% | - |
| Net margin | -21.2% | - | -5.6% | -5.0% | -14.5% | - | -6.4% | -8.7% | -16.9% | - |
| Free cash flow margin | -15.4% | - | - | - | -8.7% | - | - | - | 5.9% | - |
| FCF / Net income | 0.73 | - | - | - | 0.60 | - | - | - | -0.35 | - |
| R&D / Revenue | 27.3% | - | 21.3% | 20.3% | 24.0% | - | 21.7% | 22.6% | 25.5% | - |
| SG&A / Revenue | 10.4% | - | 7.6% | 7.5% | 8.3% | - | 10.3% | 7.7% | 8.5% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -3.0% | - | -1.1% | -1.0% | -2.3% | - | -1.2% | -1.5% | -2.8% | - |
| Return on equity | -8.2% | - | -3.4% | -3.0% | -6.9% | - | -3.4% | -4.2% | -7.1% | - |
| Return on invested capital | -3.4% | - | 0.3% | 0.5% | -2.2% | - | -0.1% | -0.2% | -2.5% | - |
| Liquidity | ||||||||||
| Current ratio | 1.37 | 1.44 | 1.43 | 1.38 | 1.39 | 1.41 | 1.42 | 1.48 | 0.73 | 1.23 |
| Quick ratio | 1.09 | 1.19 | 1.16 | 1.13 | 1.13 | 1.17 | 1.16 | 1.19 | 0.57 | 1.00 |
| Cash ratio | 0.23 | 0.31 | 0.26 | 0.19 | 0.23 | 0.27 | 0.13 | 0.24 | 0.06 | 0.08 |
| Leverage | ||||||||||
| Debt / Equity | 0.77 | 0.72 | 0.91 | 0.88 | 0.86 | 0.82 | 0.84 | 0.82 | 0.00 | 0.44 |
| Debt / Assets | 0.28 | 0.27 | 0.30 | 0.29 | 0.29 | 0.28 | 0.30 | 0.30 | 0.00 | 0.17 |
| Debt / EBITDA | - | - | 45.36 | 38.48 | - | - | 136.58 | 231.77 | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.77 | 2.70 | 3.07 | 3.08 | 2.98 | 2.87 | 2.82 | 2.73 | 2.54 | 2.53 |
| Liabilities / Assets | 0.64 | 0.63 | 0.67 | 0.68 | 0.66 | 0.65 | 0.65 | 0.63 | 0.61 | 0.60 |
| Efficiency | ||||||||||
| Asset turnover | 0.14 | - | 0.19 | 0.19 | 0.16 | - | 0.19 | 0.17 | 0.17 | - |
| Inventory turnover | 1.14 | - | 1.34 | 1.39 | 1.24 | - | 1.30 | 1.20 | 1.09 | - |
| Days sales outstanding | 458d | - | 370d | 413d | 454d | - | 433d | 400d | 432d | - |
| Days inventory outstanding | 320d | - | 272d | 263d | 294d | - | 280d | 305d | 336d | - |
| Days payable outstanding | 304d | - | 261d | 291d | 298d | - | 286d | 248d | 278d | - |
| Cash conversion cycle | 474d | - | 381d | 385d | 450d | - | 427d | 457d | 490d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 0.9x | - | 1.9x | 1.9x | 1.8x | - | 1.4x | 1.4x | 1.3x | - |
| P / S | 2.3x | - | 3.1x | 3.2x | 3.8x | - | 2.7x | 3.0x | 3.1x | - |
| EV / EBITDA | - | - | 128.3x | 114.6x | - | - | 354.4x | 583.8x | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -10.3% | - | 2.4% | 14.5% | 0.9% | - | 3.5% | -8.5% | -3.5% | - |
| Revenue CAGR (3y) | -4.4% | - | 1.3% | 2.3% | 1.5% | - | -0.0% | -3.0% | -2.3% | - |
| Revenue CAGR (5y) | -3.3% | - | -1.4% | 0.9% | 2.8% | - | 8.8% | 7.0% | 8.6% | - |
| Gross profit growth (YoY) | -15.4% | - | -1.5% | 11.7% | -10.4% | - | 5.9% | -3.6% | 13.0% | - |
| Operating income growth (YoY) | -61.6% | - | - | - | -45.4% | - | - | 70.8% | 61.7% | - |
| Net income growth (YoY) | -31.5% | - | 9.8% | 34.0% | 13.6% | - | 0.6% | 21.7% | 20.7% | - |
| EPS growth (YoY) | -33.3% | - | 12.5% | 40.0% | 16.7% | - | 0.0% | 23.1% | 21.7% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -59.8% | - | - | - | - | - | - | - | 21.4% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | -7.7% | - |
| Book value growth (YoY) | 9.8% | 11.0% | -9.0% | -8.5% | -10.1% | -10.6% | -10.9% | -10.8% | -10.2% | -12.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$844.56M totalCloud And Edge$511.43M · 60.6%
IPOptical Networks$333.13M · 39.4%
Product / service
$1.07B totalProduct$434.59M · 40.7%
Service$409.97M · 38.4%
Service Revenue Maintenance$136.45M · 12.8%
Service Revenue Professional Services$86.84M · 8.1%
Geographic
$844.56M totalUS$402.96M · 47.7%
EMEA$214.15M · 25.4%
Asia Pacific$180.99M · 21.4%
Other Geographical Location$46.46M · 5.5%
Peer comparison
Same SIC group: Services-Computer Integrated Systems Design
Comparing Ribbon Communications Inc. against the 5 most active filers in the same SIC group.