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LiveRamp Holdings (RAMP)
NYSE:RAMP
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LiveRamp Holdings
(NYSE:RAMP)
Rating:68Neutral
Price Target:―
Positive Factors
Earnings
LiveRamp delivered revenue driven by upside in Marketplace revenue and Subscription revenue beating expectations.
Financial Performance
RAMP delivered an exceptional quarter in light of weaker near-term commerce media signals and the macro overhang more broadly.
Product Development
LiveRamp’s latest Cross Media Intelligence (CMI) product shows strong upsell potential to existing data clean room clients and acquisition of new logos in the future.
Negative Factors
Customer Metrics
Concerns on muted customer metrics and a slower forward pace of net revenue retention are worth monitoring.
Market Conditions
A macro-related pause in commerce media investments may impact data collaboration, which is a significant part of subscription revenue.
New Client Acquisition
Management called out some challenges with new logos but mentioned that some large deals that were pushed from F4Q have since closed during F1Q.
LiveRamp Holdings (RAMP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.14B
Dividend YieldN/A
Average Volume (3M)576.43K
Price to Earnings (P/E)93566.7
Beta (1Y)1.26
Revenue Growth14.50%
EPS GrowthN/A
CountryUS
Employees1,400
SectorTechnology
Sector Strength79
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)0.30
Shares Outstanding64,991,780
10 Day Avg. Volume413,037
30 Day Avg. Volume576,429
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)1.57
Price to Sales (P/S)0.00
P/FCF Ratio41.40
Enterprise Value/Market Cap1.42
Enterprise Value/Revenue1.09
Enterprise Value/Gross Profit5.81
Enterprise Value/Ebitda23.96
Forecast
1Y Price Target
$40.00Price Target Upside27.80% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
LiveRamp Holdings Business Overview & Revenue Model
Company DescriptionLiveRamp 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 enablement platform; LiveRamp Data Marketplace, a solution that seamlessly connects data owners' audience data across the marketing ecosystem; and AbiliTec, an offline identity resolution platform. It serves financial, insurance and investment services, retail, automotive, telecommunications, high tech, consumer packaged goods, healthcare, travel, entertainment, non-profit, and government industries. The company was formerly known as Acxiom Holdings, Inc. and changed its name to LiveRamp Holdings, Inc. in October 2018. LiveRamp Holdings, Inc. was incorporated in 2018 and is headquartered in San Francisco, California.
How the Company Makes MoneyLiveRamp Holdings generates revenue primarily through its subscription-based data connectivity services. Its main revenue streams come from providing businesses with access to its identity resolution and data onboarding services, which help clients integrate and activate their customer data across multiple platforms and devices. Additionally, LiveRamp earns money by facilitating data collaborations between companies, enabling them to share and utilize data in a privacy-conscious manner. Key partnerships with major technology and media companies also contribute to its revenue, as these collaborations expand LiveRamp's reach and enhance its service offerings.
LiveRamp Holdings Key Performance Indicators (KPIs)
Any
Annual Recurring Revenue
Indicates the predictable and stable income from ongoing subscriptions or contracts, highlighting the company's ability to retain customers and generate consistent cash flow.
Indicates the predictable and stable income from ongoing subscriptions or contracts, highlighting the company's ability to retain customers and generate consistent cash flow.
Data provided by:
Main Street Data
Main Street DataLiveRamp Holdings Earnings Call Summary
Earnings Call Date:May 21, 2025
(Q4-2025)
| % Change Since: 11.51%|
Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment Positive
The earnings call reflected strong financial performance with record cash flow and revenue growth, alongside challenges with new customer signings and potential macroeconomic headwinds. The company remains optimistic about future growth opportunities, particularly with the launch of new products and strategic initiatives.Q4-2025 Updates
Positive Updates
Record Free Cash Flow Quarter
The company achieved a record free cash flow of $153 million, representing a 51% year-over-year increase, partly driven by tighter management of working capital.
Revenue and Operating Margin Growth
For the fifth consecutive quarter, revenue increased by a double-digit rate, with a 13% revenue growth in FY'25. The operating margin expanded by three percentage points, driving 43% growth in operating income.
Significant Customer Wins and Expansion
Added 13 new $1 million plus subscription customers during the year, including significant wins in the financial services sector. Secured 20 multimillion-dollar ACV contracts, with substantial growth in remaining performance obligations.
Successful Platform Modernization
Completed two platform refreshes that improved UI and backend stability, leading to a reduction in contraction rate to the lowest level ever.
Strong Marketplace Growth
Marketplace & Other revenue increased 14% to $44 million, with Data Marketplace growing 13%, reflecting continued strength in US digital ad spending.
Negative Updates
Challenges in New Logo Signings
New logo signings proved more challenging with modest lengthening of average deal cycles, partly due to the need to educate the market on newer Clean Room solutions.
International Customer Count Pressure
International market contributed to the decline in customer count, driven by migration from a direct to reseller arrangement with a large partner.
Potential Macroeconomic Impact
Guidance for FY'26 incorporates a wider revenue range due to elevated macro uncertainty, with potential deceleration in Subscription usage and Data Marketplace growth if macro conditions worsen.
Company Guidance
During LiveRamp's Fiscal 2025 Fourth Quarter Earnings Call, the company reported significant achievements, including double-digit revenue growth for the fifth consecutive quarter and a 43% increase in operating income, with a record free cash flow quarter. They added 13 new $1 million-plus subscription customers in FY'25, including two from the financial services sector in Q4. The company highlighted a reduction in its contraction rate to the lowest level ever, driven by ongoing platform improvements. LiveRamp achieved a Rule of 31 with 13% revenue growth and an 18% operating margin and aims for a Rule of 40 by FY'28. Looking ahead to FY'26, LiveRamp plans to leverage its Cross-Media Intelligence solution to enhance advertisers' campaign measurement and optimization, while continuing to grow its data collaboration network and expand into new industries.LiveRamp Holdings Financial Statement Overview
Summary
LiveRamp Holdings demonstrates strong revenue growth and financial stability with a robust balance sheet. The transition to profitability is a positive indicator, although operational margins suggest room for improvement in efficiency. Cash flow generation is a strong point, supporting overall financial health.Income Statement
LiveRamp Holdings shows strong revenue growth with a significant increase from $380.6 million in 2020 to $728.7 million in TTM. Gross Profit Margin remains robust at 71.7% TTM, indicating efficient cost management. The company has turned profitable with a positive Net Profit Margin of 0.01% TTM, a substantial improvement from previous losses. However, EBIT and EBITDA margins are low, reflecting potential challenges in operational efficiency.75
Positive
Balance Sheet
The company maintains a strong balance sheet with zero total debt in TTM, indicating financial stability. The Debt-to-Equity ratio is 0, which is excellent for mitigating financial risk. The Equity Ratio is strong at 81.5%, reflecting a solid capitalization structure. Return on Equity has improved to 0.008% TTM, highlighting a favorable trend, although still modest in absolute terms.85
Very Positive
Cash Flow
Operating Cash Flow to Net Income Ratio is high, indicating strong cash generation relative to net income. Free Cash Flow has grown consistently, with a Free Cash Flow to Net Income Ratio of 1466.16% TTM, showing efficient cash management. The Free Cash Flow growth rate is positive, reflecting increasing cash flow generation capabilities.80
Positive
| Breakdown | |||||
| TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 728.71M | 659.66M | 596.58M | 528.66M | 443.03M | 380.57M | Gross Profit |
| 523.00M | 480.17M | 426.50M | 381.23M | 299.02M | 227.87M | EBIT |
| 2.84M | 25.00M | -90.48M | -64.06M | -117.83M | -175.92M | EBITDA |
| 21.14M | 36.51M | -60.70M | -39.81M | -93.90M | -140.02M | Net Income Common Stockholders |
| 80.00K | 11.88M | -124.11M | -33.83M | -90.27M | -125.26M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 384.27M | 368.91M | 497.25M | 600.16M | 572.79M | 717.81M | Total Assets |
| 1.25B | 1.23B | 1.17B | 1.33B | 1.29B | 1.30B | Total Debt |
| 38.15M | 42.22M | 47.17M | 61.23M | 13.77M | 9.64M | Net Debt |
| -338.62M | -294.64M | -417.28M | -538.94M | -559.02M | -708.17M | Total Liabilities |
| 295.51M | 282.31M | 246.63M | 270.68M | 207.64M | 214.38M | Stockholders Equity |
| 957.71M | 949.13M | 926.08M | 1.06B | 1.08B | 1.09B |
| Cash Flow | Free Cash Flow | ||||
| 119.78M | 103.19M | 35.15M | 73.58M | -22.74M | -40.49M | Operating Cash Flow |
| 122.32M | 107.45M | 39.84M | 78.08M | -20.56M | -28.78M | Investing Cash Flow |
| -150.66M | -173.68M | -29.00M | 7.58M | -87.89M | -97.62M | Financing Cash Flow |
| -92.32M | -59.12M | -146.01M | -66.98M | -43.49M | -201.98M |
LiveRamp Holdings Technical Analysis
Neutral
31.30
Price Trends
28.57
Positive
29.49
Positive
28.57
Positive
Market Momentum
1.09
Positive
51.02
Neutral
21.35
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RAMP, the sentiment is Neutral. The current price of 31.3 is below the 20-day moving average (MA) of 31.87, above the 50-day MA of 28.57, and above the 200-day MA of 28.57, indicating a neutral trend. The MACD of 1.09 indicates Positive momentum. The RSI at 51.02 is Neutral, neither overbought nor oversold. The STOCH value of 21.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for RAMP.
LiveRamp Holdings Risk Analysis
LiveRamp Holdings disclosed 19 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
Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $4.02B | 42.64 | 32.25% | ― | 26.83% | 47.48% | |
74 Outperform | $1.89B | 21.50 | 30.24% | 1.97% | 3.08% | 34.87% | |
72 Outperform | $2.12B | ― | -0.90% | ― | 14.44% | 91.60% | |
68 Neutral | $2.14B | 93,566.67 | -0.26% | ― | 14.50% | ― | |
68 Neutral | $2.02B | 1,178.31 | 0.27% | ― | 10.46% | ― | |
64 Neutral | $1.79B | ― | -3.09% | ― | -1.96% | 19.43% | |
62 Neutral | $11.97B | 10.08 | -7.46% | 2.96% | 7.37% | -8.22% |
* Technology Sector Average
Performance Comparison
RAMP
LiveRamp Holdings
31.30
1.82
6.17%
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ODD
ODDITY Tech Ltd. Class A
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LiveRamp Holdings Corporate Events
Executive/Board Changes
LiveRamp Holdings Announces CPO Departure and Severance
Neutral
Mar 3, 2025
On March 3, 2025, LiveRamp Holdings announced the departure of Chief Product Officer Kimberly Bloomston, effective March 1, 2025, with her employment concluding at the end of fiscal 2025. Ms. Bloomston will receive a severance package including a lump sum cash payment and accelerated vesting of stock units, contingent on a separation agreement. She will also provide limited consulting services until March 31, 2026, with continued vesting of certain equity awards, unless she accepts other employment.
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.