LiveRamp Holdings (RAMP)
NYSE:RAMP
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LiveRamp Holdings
(NYSE:RAMP)
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Rating:73Outperform
Price Target:
$31.00
▲(16.59% Upside)
Action:ReiteratedDate:02/19/26
The score is driven primarily by strong financial performance (improving profitability, robust free cash flow, and a low-leverage balance sheet) and a positive earnings outlook with clear margin targets and ARR momentum. This is partially offset by weak technical signals (price below key moving averages and negative MACD) and a valuation that appears fair rather than clearly discounted given the ~9% growth guidance and no dividend support.
Positive Factors
Conservative balance sheet
Very low leverage and substantial equity provide durable financial flexibility: supports capital allocation (buybacks, M&A, R&D), cushions cyclical ad-tech swings, and reduces refinancing risk. This structural strength improves resilience during downturns and enables multi-quarter strategic investments.
Negative Factors
Gross margin pressure from platform migration
A multiquarter platform upgrade that reduces gross margin by 1–2 points is a structural execution risk: lower gross margin narrows operating leverage and makes achieving long-term margin targets harder unless offset by pricing or efficiency gains. Prolonged rollout delays could compress sustainable margins.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage and substantial equity provide durable financial flexibility: supports capital allocation (buybacks, M&A, R&D), cushions cyclical ad-tech swings, and reduces refinancing risk. This structural strength improves resilience during downturns and enables multi-quarter strategic investments.
Read all positive factors
LiveRamp Holdings (RAMP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.68B
Dividend YieldN/A
Average Volume (3M)743.04K
Price to Earnings (P/E)11.8
Beta (1Y)1.00
Revenue Growth10.13%
EPS Growth1280.04%
CountryUS
Employees1,400
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)0.76
Shares Outstanding63,124,893
10 Day Avg. Volume590,702
30 Day Avg. Volume743,041
Financial Highlights & Ratios
PEG Ratio19.93
Price to Book (P/B)1.83
Price to Sales (P/S)2.32
P/FCF Ratio11.21
Enterprise Value/Market Cap0.79
Enterprise Value/Revenue1.67
Enterprise Value/Gross Profit2.37
Enterprise Value/Ebitda14.50
Forecast
1Y Price Target
$36.25Price Target Upside36.33% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)2.8
Revenue Forecast (FY)$886.65M
LiveRamp Holdings Business Overview & Revenue Model
Company Description
LiveRamp Holdings, Inc., a technology company, provides enterprise data connectivity platform solutions in the United States, Europe, and the Asia-Pacific. The company offers RampID, a true people-based identifier; Safe Haven, an enterprise data e...
How the Company Makes Money
LiveRamp primarily generates revenue by selling access to its data connectivity and identity products as software and related services, largely under subscription and usage-based arrangements. A key revenue stream comes from fees paid by customers...
LiveRamp Holdings Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Data provided by:
The Fly
The FlyLiveRamp Holdings Earnings Call Summary
Earnings Call Date:Feb 05, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:May 27, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational and financial performance: double-digit improvements in profitability, record free cash flow, meaningful customer growth, ARR momentum, and a clear strategic position around AI and usage-based pricing. Near-term headwinds were limited and mostly timing-related (marketplace sequencing, platform upgrade margins, and contract renewal timing). Management provided raised confidence in multi-year targets (Rule of 40 by FY28) and reiterated guidance with narrow ranges for FY26, while noting that some benefits from pricing and AI will materialize over several quarters.Positive Updates
Revenue Growth Above Guidance
Total revenue of $212M, up 9% year-over-year and $1M above the midpoint of guidance; subscription revenue $158M, also up 9%.
Negative Updates
Data Marketplace Timing Headwind
Marketplace & other revenue of $54M landed modestly below expectations due to slower data marketplace growth early in the quarter and sequencing of services projects (though reaccelerated mid-November).
Read all updates
Q3-2026 Updates
Positive
Negative
Revenue Growth Above Guidance
Total revenue of $212M, up 9% year-over-year and $1M above the midpoint of guidance; subscription revenue $158M, also up 9%.
Read all positive updates
Company Guidance
The company updated FY‑26 guidance calling for revenue of $810–814M (roughly 9% growth), gross margin of ~72–73% (down 1–2 pts as platform migration completes), and non‑GAAP operating income of $180M (a 22% margin), while GAAP operating income is expected to be ~ $84M (≈10% margin); management reiterated FY‑26 as “rule of 31” (9% revenue growth, 22% operating margin) and a longer‑term goal of Rule of 40 by FY‑28 (10–15% revenue growth and 25–30% non‑GAAP operating margin). For Q4 they guided revenue of $203–207M, non‑GAAP operating income of ~ $38M (≈18% margin), subscription revenue up high single digits, marketplace & other revenue up low double digits, and gross margin ~72%. They expect free cash flow to be up slightly for the year, EBITDA conversion >75%, continued share repurchases (Q3 FCF $67M; $39M repurchased in Q3; FY‑to‑date repurchases $119M vs. FCF $108M), stock‑based comp of roughly $81M (down ~25% YoY), and signaled confidence in returning to 10%+ revenue growth next year given ARR momentum and AI/usage‑based pricing tailwinds.LiveRamp Holdings Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
88
Very Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 795.57M | 745.58M | 659.66M | 596.58M | 528.66M | 443.03M |
| Gross Profit | 560.07M | 529.67M | 480.17M | 426.50M | 381.23M | 299.02M |
| EBITDA | 91.37M | 40.22M | 46.30M | -97.70M | -39.81M | -90.09M |
| Net Income | 68.77M | -814.00K | 11.88M | -118.70M | -33.83M | -90.27M |
Balance Sheet | ||||||
| Total Assets | 1.27B | 1.26B | 1.23B | 1.17B | 1.33B | 1.29B |
| Cash, Cash Equivalents and Short-Term Investments | 403.39M | 420.83M | 368.91M | 497.25M | 607.66M | 580.29M |
| Total Debt | 53.11M | 36.29M | 42.22M | 47.17M | 61.23M | 13.77M |
| Total Liabilities | 306.90M | 310.51M | 282.31M | 246.63M | 270.68M | 207.64M |
| Stockholders Equity | 962.27M | 948.86M | 949.13M | 926.08M | 1.06B | 1.08B |
Cash Flow | ||||||
| Free Cash Flow | 169.25M | 154.61M | 103.19M | 35.15M | 73.58M | -22.74M |
| Operating Cash Flow | 170.63M | 155.65M | 107.45M | 39.84M | 78.08M | -20.56M |
| Investing Cash Flow | -4.29M | 21.39M | -173.68M | -29.00M | 7.58M | -87.89M |
| Financing Cash Flow | -149.54M | -102.70M | -59.12M | -146.01M | -66.98M | -43.49M |
LiveRamp Holdings Technical Analysis
Negative
26.59
Price Trends
26.25
Positive
27.22
Negative
28.19
Negative
Market Momentum
-0.12
Positive
48.71
Neutral
28.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RAMP, the sentiment is Negative. The current price of 26.59 is below the 20-day moving average (MA) of 26.72, above the 50-day MA of 26.25, and below the 200-day MA of 28.19, indicating a neutral trend. The MACD of -0.12 indicates Positive momentum. The RSI at 48.71 is Neutral, neither overbought nor oversold. The STOCH value of 28.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for RAMP.
LiveRamp Holdings Risk Analysis
LiveRamp Holdings disclosed 20 risk factors in its most recent earnings report. LiveRamp Holdings reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
LiveRamp Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $1.68B | 11.84 | 7.23% | ― | 10.13% | 1280.04% | |
70 Outperform | $2.29B | 38.01 | 19.49% | 1.66% | 3.30% | 31.18% | |
70 Outperform | $1.79B | 30.33 | 20.61% | 1.33% | 10.27% | 3.52% | |
67 Neutral | $1.47B | 22.24 | 5.77% | 4.71% | 13.36% | ― | |
63 Neutral | $2.40B | 22.10 | 66.41% | ― | -8.18% | 46.26% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
RAMP
LiveRamp Holdings
26.20
0.94
3.72%
CSGS
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80.15
21.51
36.68%
TDC
Teradata
25.72
5.19
25.28%
ATEN
A10 Networks
25.05
9.28
58.86%
TUYA
Tuya
2.42
0.45
23.16%
LiveRamp Holdings Corporate Events
Executive/Board Changes
LiveRamp Announces Board Resignation in Routine Governance Change
Neutral
Mar 20, 2026
LiveRamp Holdings, Inc. announced that director Brian O’Kelley, who joined the board in 2023, resigned from the company’s board of directors effective March 18, 2026. The company emphasized that O’Kelley’s departure was not...
Executive/Board Changes
LiveRamp Appoints Marketing Executive Kristi Argyilan to Board
Positive
Feb 18, 2026
On February 11, 2026, LiveRamp Holdings, Inc. appointed marketing executive Kristi Argyilan to its Board of Directors, effective immediately, filling a vacancy in the director class whose term runs through the 2027 annual meeting in order to keep ...
Business Operations and StrategyStock Buyback
LiveRamp Expands Share Repurchase Authorization, Signals Confidence
Positive
Feb 12, 2026
On February 12, 2026, LiveRamp announced that its board approved a $200 million increase to the company’s share repurchase authorization, lifting the total program size to $1.5 billion and extending its expiry to December 31, 2027. Following...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.