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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $844.56M | $833.88M | $826.34M | $819.76M | $844.96M | $843.79M |
| Cost of Revenue | $423.85M | $394.37M | $418.26M | $418.82M | $400.30M | $350.69M |
| Gross Profit | $420.71M | $439.51M | $408.08M | $400.94M | $444.66M | $493.11M |
| R&D | $178.87M | $179.94M | $190.66M | $203.68M | $194.95M | $194.53M |
| SG&A | $64.24M | $68.74M | $54.96M | $51.05M | $53.66M | $63.29M |
| Total Operating Expenses | $424.03M | $422.64M | $432.37M | $449.26M | $562.46M | $491.44M |
| D&A | $16.73M | $13.54M | $14.11M | $15.29M | $16.96M | $17.19M |
| Operating Income | ($3.32M) | $16.87M | ($24.29M) | ($48.32M) | ($117.80M) | $1.67M |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | ($84.75M) | $8.17M | $10.83M | ($14.52M) | ($30.96M) | $4.73M |
| Net Income | $39.64M | ($54.23M) | ($66.21M) | ($98.08M) | ($177.19M) | $88.59M |
| EPS - Basic | $0.22 | ($0.31) | ($0.39) | ($0.63) | ($1.20) | $0.64 |
| EPS - Diluted | $0.22 | ($0.31) | ($0.39) | ($0.63) | ($1.20) | $0.61 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $96.41M | $87.77M | $26.63M | $67.10M | $103.92M | $128.43M |
| Accounts Receivable | $231.88M | $254.72M | $268.42M | $267.24M | $282.92M | $237.74M |
| Inventory | $78.81M | $79.18M | $77.52M | $75.42M | $54.04M | $45.75M |
| Accounts Payable | $79.84M | $87.76M | $85.16M | $95.81M | $97.12M | $63.39M |
| Current Assets | $454.49M | $463.66M | $418.72M | $477.99M | $480.99M | $447.65M |
| Total Assets | $1.21B | $1.16B | $1.14B | $1.26B | $1.35B | $1.55B |
| Current Liabilities | $315.47M | $328.87M | $341.07M | $330.49M | $344.45M | $327.63M |
| Long-term Debt | $324.52M | $330.73M | $197.48M | $306.27M | $350.22M | $369.04M |
| Total Liabilities | $763.26M | $757.93M | $691.39M | $737.14M | $820.57M | $860.41M |
| Stockholders' Equity | $448.99M | $404.62M | $452.76M | $518.43M | $527.17M | $686.85M |
| Retained Earnings | ($1.53B) | ($1.57B) | ($1.52B) | ($1.45B) | ($1.36B) | ($1.18B) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $51.40M | $50.24M | $17.09M | ($26.36M) | $19.18M | $101.56M |
| Investing Cash Flow | ($25.34M) | ($22.87M) | ($9.48M) | ($12.14M) | ($14.19M) | ($330.07M) |
| Financing Cash Flow | ($19.43M) | $37.71M | ($47.86M) | $931.0K | ($33.68M) | $319.30M |
| CapEx | $25.34M | $22.41M | $9.38M | $10.25M | $17.13M | $26.72M |
| Free Cash Flow | $26.06M | $27.83M | $7.71M | ($36.62M) | $2.05M | $74.84M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 49.8% | 52.7% | 49.4% | 48.9% | 52.6% | 58.4% |
| Operating margin | -0.4% | 2.0% | -2.9% | -5.9% | -13.9% | 0.2% |
| EBITDA margin | 1.6% | 3.6% | -1.2% | -4.0% | -11.9% | 2.2% |
| Net margin | 4.7% | -6.5% | -8.0% | -12.0% | -21.0% | 10.5% |
| Free cash flow margin | 3.1% | 3.3% | 0.9% | -4.5% | 0.2% | 8.9% |
| FCF / Net income | 0.66 | -0.51 | -0.12 | 0.37 | -0.01 | 0.84 |
| R&D / Revenue | 21.2% | 21.6% | 23.1% | 24.8% | 23.1% | 23.1% |
| SG&A / Revenue | 7.6% | 8.2% | 6.7% | 6.2% | 6.4% | 7.5% |
| Effective tax rate | - | - | - | - | - | 5.1% |
| Return on assets | 3.3% | -4.7% | -5.8% | -7.8% | -13.1% | 5.7% |
| Return on equity | 8.8% | -13.4% | -14.6% | -18.9% | -33.6% | 12.9% |
| Return on invested capital | -0.3% | 1.8% | -3.0% | -4.6% | -10.6% | 0.2% |
| Liquidity | ||||||
| Current ratio | 1.44 | 1.41 | 1.23 | 1.45 | 1.40 | 1.37 |
| Quick ratio | 1.19 | 1.17 | 1.00 | 1.22 | 1.24 | 1.23 |
| Cash ratio | 0.31 | 0.27 | 0.08 | 0.20 | 0.30 | 0.39 |
| Leverage | ||||||
| Debt / Equity | 0.72 | 0.82 | 0.44 | 0.59 | 0.66 | 0.54 |
| Debt / Assets | 0.27 | 0.28 | 0.17 | 0.24 | 0.26 | 0.24 |
| Debt / EBITDA | 24.21 | 10.88 | - | - | - | 19.57 |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 2.70 | 2.87 | 2.53 | 2.42 | 2.56 | 2.25 |
| Liabilities / Assets | 0.63 | 0.65 | 0.60 | 0.59 | 0.61 | 0.56 |
| Efficiency | ||||||
| Asset turnover | 0.70 | 0.72 | 0.72 | 0.65 | 0.63 | 0.55 |
| Inventory turnover | 5.38 | 4.98 | 5.40 | 5.55 | 7.41 | 7.67 |
| Days sales outstanding | 100d | 111d | 119d | 119d | 122d | 103d |
| Days inventory outstanding | 68d | 73d | 68d | 66d | 49d | 48d |
| Days payable outstanding | 69d | 81d | 74d | 83d | 89d | 66d |
| Cash conversion cycle | 99d | 104d | 112d | 101d | 83d | 84d |
| Valuation | ||||||
| P / E | 13.1x | - | - | - | - | 10.8x |
| P / B | 1.2x | 1.8x | 1.1x | 0.8x | 1.7x | 1.4x |
| P / S | 0.6x | 0.9x | 0.6x | 0.5x | 1.1x | 1.1x |
| EV / EBITDA | 55.7x | 31.8x | - | - | - | 63.1x |
| Growth | ||||||
| Revenue growth (YoY) | 1.3% | 0.9% | 0.8% | -3.0% | 0.1% | - |
| Revenue CAGR (3y) | 1.0% | -0.4% | -0.7% | - | - | 49.5% |
| Revenue CAGR (5y) | 0.0% | - | - | 26.5% | - | - |
| Gross profit growth (YoY) | -4.3% | 7.7% | 1.8% | -9.8% | -9.8% | 55.5% |
| Operating income growth (YoY) | - | - | 49.7% | 59.0% | - | - |
| Net income growth (YoY) | - | 18.1% | 32.5% | 44.6% | - | - |
| EPS growth (YoY) | - | 20.5% | 38.1% | 47.5% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | -18.5% | - | - | - | - | - |
| FCF growth (YoY) | -6.4% | 261.2% | - | - | -97.3% | 66.8% |
| FCF CAGR (5y) | -19.0% | -9.1% | - | - | - | - |
| Book value growth (YoY) | 11.0% | -10.6% | -12.7% | -1.7% | -23.2% | 42.1% |
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%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
-0.06
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
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.