LiveRamp Holdings (RAMP) AI Stock Analysis

• Market Cap: $1.72B
• Dividend Yield: N/A
• Average Volume (3M): 801.20K
• Price to Earnings (P/E): 25.7
• Beta (1Y): 1.05
• Revenue Growth: 10.13%
• EPS Growth: 1280.04%
• Country: US
• Employees: 1,400
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): 0.76
• Shares Outstanding: 63,124,893
• 10 Day Avg. Volume: 1,070,321
• 30 Day Avg. Volume: 801,195
• PEG Ratio: 19.93
• Price to Book (P/B): 1.83
• Price to Sales (P/S): 2.32
• P/FCF Ratio: 11.21
• Enterprise Value/Market Cap: 0.81
• Enterprise Value/Revenue: 1.74
• Enterprise Value/Gross Profit: 2.48
• Enterprise Value/Ebitda: 15.18
• 1Y Price Target: $36.25
• Price Target Upside: 33.42% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): 2.25
• Revenue Forecast (FY): $812.16M

• Rating: 73 Outperform
• Price Target: $27.00 ▼(-0.63% Downside)
• Action: Reiterated Date: 02/19/26
• Date: Action: Reiterated 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

Free cash flow strength

Sustained, material free cash flow provides durable financial flexibility: it funds buybacks, product investment, and potential M&A without relying on leverage. Strong FCF also underpins earnings quality and cushions the business during cyclical ad or tech spending slowdowns.

Low leverage and liquidity

A low-debt, well-capitalized balance sheet and sizable cash reserves increase resilience and strategic optionality. This supports consistent R&D and platform migration funding, reduces refinancing risk, and allows management to return capital or invest in growth without compromising financial stability.

ARR momentum and AI partnerships

Improving ARR and expansion among large customers indicate durable revenue base and successful enterprise adoption. Strategic AI partnerships deepen product moat, expand addressable use cases, and support long-term demand for identity and data services as AI consumption drives enterprise data needs.

Negative Factors

Platform migration margin pressure

Platform upgrades can temporarily compress gross margins and raise OpEx; if migration costs or inefficiencies persist, margin recovery may lag. Sustained margin pressure would reduce operating leverage and slow the path to targeted non‑GAAP margins, affecting long-term profitability sustainability.

Rollout and commercialization risk

Transitioning to new pricing models and reseller channels introduces execution, sales-cycle and integration risk. Delays in adoption or complex negotiations can postpone revenue and margin benefits, tempering expected ARR acceleration and making multi‑quarter revenue visibility more uncertain.

Contract timing and backlog volatility

Dependence on multi‑year contract timing creates uneven CRPO/RPO mixes and reduces near-term revenue predictability. Renewal cadence variability can mask true demand trends, complicate forecasting, and create episodic revenue recognition that challenges consistent ARR growth and operational planning.

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 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 Money

LiveRamp generates revenue primarily through its subscription-based model, offering various services that include data onboarding, identity resolution, and data connectivity solutions. The company charges clients for access to its platform and tools that enable them to utilize their customer data effectively. Key revenue streams include fees from advertisers and agencies that use LiveRamp's services to enhance their marketing efforts, as well as partnerships with major technology platforms and data providers that expand its data ecosystem. Additionally, LiveRamp has established significant partnerships with leading companies in the advertising and marketing sectors, which contribute to its earnings by enhancing the reach and effectiveness of its services.

LiveRamp Holdings Financial Statement Overview

Summary

Strong overall fundamentals: revenue has scaled and accelerated in the latest TTM period, profitability has turned positive with ~5% TTM net margin, and free cash flow is robust and improving (TTM FCF ~$169M). Balance sheet risk is low with minimal leverage and substantial equity, though operating profitability has historically been volatile and still modest versus high gross margins.

Income Statement

Revenue has scaled strongly over time (from $443M in 2021 to $746M in FY2025, and $796M in TTM (Trailing-Twelve-Months)), with notably higher growth in the latest TTM period. Profitability has improved materially: the business moved from sizable losses in FY2021–FY2023 to positive earnings in FY2024, near break-even in FY2025, and solid profitability in TTM (Trailing-Twelve-Months) (~5% net margin). Gross margin remains consistently high (~67–73%), but operating profitability is still relatively modest versus the margin profile, indicating ongoing cost pressure and potential volatility around break-even.

Balance Sheet

The balance sheet is conservatively positioned with very low leverage (debt-to-equity roughly ~1–6% across periods, and effectively minimal debt in TTM (Trailing-Twelve-Months)). Equity is substantial (~$0.95–$1.06B) relative to assets (~$1.2–$1.3B), providing financial flexibility and resilience. The main weakness is that returns on equity have been inconsistent due to recent loss years, though they have turned positive again in TTM (Trailing-Twelve-Months).

Cash Flow

Cash generation is a clear strength: operating cash flow and free cash flow are positive and improving (TTM (Trailing-Twelve-Months) operating cash flow ~$171M and free cash flow ~$169M), with strong TTM free cash flow growth. Free cash flow closely tracks reported earnings in the most recent periods, supporting earnings quality. A watch item is that operating cash flow remains meaningfully below total revenue (roughly ~20% of revenue in TTM (Trailing-Twelve-Months)), so continued scaling efficiency will matter.

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

• Technical Analysis Sentiment: Positive
• Last Price: 27.17
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RAMP, the sentiment is Positive. The current price of 27.17 is above the 20-day moving average (MA) of 24.51, above the 50-day MA of 26.35, and below the 200-day MA of 28.81, indicating a neutral trend. The MACD of 0.22 indicates Negative momentum. The RSI at 61.75 is Neutral, neither overbought nor oversold. The STOCH value of 96.15 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RAMP.

LiveRamp Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RAMP	73 Outperform	$1.72B	25.68	7.16%	―	10.13%	1280.04%
CSGS	70 Outperform	$2.28B	40.35	28.84%	1.66%	3.30%	31.18%
ATEN	70 Outperform	$1.38B	33.64	19.01%	1.33%	10.27%	3.52%
TUYA	67 Neutral	$1.49B	31.60	4.87%	4.71%	13.36%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
TDC	61 Neutral	$2.93B	23.42	71.63%	―	-8.18%	46.26%

LiveRamp Holdings Corporate Events

LiveRamp Appoints Marketing Executive Kristi Argyilan to Board

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 the Board’s staggered classes as evenly balanced as possible. She will receive the standard compensation offered to non-employee directors and may participate in the company’s deferred compensation plan, has not yet been assigned to any Board committees, and joins without any special selection arrangements or related-party transactions that would require disclosure, underscoring a routine but strategically stabilizing governance move for the company.

The most recent analyst rating on (RAMP) stock is a Buy with a $27.00 price target. To see the full list of analyst forecasts on LiveRamp Holdings stock, see the RAMP Stock Forecast page.

LiveRamp Expands Share Repurchase Authorization, Signals Confidence

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 the expansion, LiveRamp now has approximately $337 million of remaining capacity for buybacks, giving management additional flexibility to support the share price and adjust capital allocation as market conditions evolve.

CFO Lauren Dillard framed the move as a response to what the company views as a disconnect between its current valuation and its long-term growth prospects, arguing that market concerns about AI-driven software disruption overlook LiveRamp’s role in powering data-hungry AI applications. The expanded authorization signals confidence in LiveRamp’s balance sheet and cash generation and could bolster shareholder returns, although the timing and volume of actual repurchases will depend on factors such as stock price, market conditions, and capital needs, and the program can be modified or terminated at any time.

The most recent analyst rating on (RAMP) stock is a Hold with a $33.00 price target. To see the full list of analyst forecasts on LiveRamp Holdings stock, see the RAMP Stock Forecast page.

LiveRamp CTO Mohsin Hussain to Step Down

On December 12, 2025, LiveRamp Holdings, Inc. announced that its Chief Technology Officer, Mohsin Hussain, will step down from his role and his employment will end by the close of fiscal 2026.

The most recent analyst rating on (RAMP) stock is a Hold with a $33.00 price target. To see the full list of analyst forecasts on LiveRamp Holdings stock, see the RAMP Stock Forecast page.