Rambus (RMBS) Financials

$47.47 +0.23 (+0.49%)

Closing price 04:00 PM Eastern

Extended Trading

$46.78 -0.69 (-1.44%)

As of 07:15 PM Eastern

Annual Income Statements for Rambus

This table shows Rambus' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	211	6.82	-23	-158	-86	-40	18	-14	334	180
Consolidated Net Income / (Loss)	211	6.82	-23	-158	-86	-40	18	-14	334	180
Net Income / (Loss) Continuing Operations	211	6.82	-23	-158	-86	-40	18	-14	334	180
Total Pre-Tax Income	60	23	41	-71	-83	-37	23	-7.83	187	200
Total Operating Income	71	34	54	-87	-100	-44	24	77	154	183
Total Gross Profit	251	270	314	178	176	186	258	347	358	447
Total Revenue	296	337	393	231	228	246	328	455	461	557
Operating Revenue	296	337	393	231	228	246	328	455	461	557
Total Cost of Revenue	45	67	79	54	51	61	70	108	103	110
Operating Cost of Revenue	45	67	79	54	51	61	70	108	103	110
Total Operating Expenses	180	236	260	264	276	230	234	270	204	264
Selling, General & Admin Expense	71	95	111	98	101	86	91	107	108	104
Research & Development Expense	111	130	149	158	157	140	136	159	157	163
Amortization Expense	-	-	-	5.66	2.74	1.06	1.23	1.67	1.22	0.51
Other Operating Expenses / (Income)	-	-	0.00	0.00	7.44	-	0.00	0.00	-91	0.00
Impairment Charge	0.00	18	-	-	-	-	0.00	0.00	10	1.07
Restructuring Charge	3.58	0.00	0.00	2.22	8.82	4.09	0.37	0.00	9.37	0.00
Other Special Charges / (Income)	-5.73	-7.42	-0.53	0.00	0.00	-1.80	5.30	3.11	9.23	-5.04
Total Other Income / (Expense), net	-11	-11	-13	16	18	7.52	-1.00	-85	34	17
Interest Expense	12	13	15	16	9.85	10	11	86	1.49	1.42
Interest & Investment Income	1.22	1.74	1.38	33	27	-	0.00	0.00	24	0.00
Other Income / (Expense), net	-	-	-	-	-	18	9.71	0.73	11	18
Income Tax Expense	-151	16	64	87	3.42	3.93	4.95	6.49	-147	20
Basic Earnings per Share	$1.84	$0.06	($0.21)	($1.46)	($0.77)	($0.36)	$0.17	($0.13)	$3.09	$1.67
Weighted Average Basic Shares Outstanding	114.81M	110.16M	110.20M	108.45M	110.95M	113.25M	110.54M	109.47M	108.18M	107.44M
Diluted Earnings per Share	$1.80	$0.06	($0.21)	($1.46)	($0.77)	($0.36)	$0.16	($0.13)	$3.01	$1.65
Weighted Average Diluted Shares Outstanding	117.48M	113.14M	110.20M	108.45M	110.95M	113.25M	114.87M	109.47M	110.89M	109.04M
Weighted Average Basic & Diluted Shares Outstanding	114.90M	113.70M	108.90M	108.20M	112.43M	111.73M	109.32M	107.85M	107.89M	106.86M

This table shows Rambus' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	0.94	16	3.28	169	103	59	33	36	49	62
Consolidated Net Income / (Loss)	0.94	16	3.28	169	103	59	33	36	49	62
Net Income / (Loss) Continuing Operations	0.94	16	3.28	169	103	59	33	36	49	62
Total Pre-Tax Income	3.44	16	3.48	14	107	63	34	44	59	62
Total Operating Income	17	16	1.94	12	105	35	30	40	55	58
Total Gross Profit	85	89	82	96	81	98	94	105	117	130
Total Revenue	112	122	114	120	105	122	118	132	146	161
Operating Revenue	112	122	114	120	105	122	118	132	146	161
Total Cost of Revenue	27	33	32	24	24	24	24	27	28	32
Operating Cost of Revenue	27	33	32	24	24	24	24	27	28	32
Total Operating Expenses	68	73	80	85	-24	63	64	65	63	72
Selling, General & Admin Expense	26	27	31	26	25	26	26	24	26	28
Research & Development Expense	39	40	42	42	37	36	37	41	41	44
Amortization Expense	0.43	0.42	0.38	0.38	0.26	0.20	0.20	0.19	0.09	0.03
Total Other Income / (Expense), net	-13	0.35	1.54	1.86	2.36	28	4.22	4.03	4.34	4.44
Interest Expense	18	0.48	0.38	0.38	0.36	0.38	0.37	0.37	0.33	0.35
Other Income / (Expense), net	0.54	4.38	1.92	2.24	2.72	4.22	4.59	4.40	4.67	4.80
Income Tax Expense	2.50	0.54	0.20	-155	4.03	4.35	1.45	8.30	10	0.10
Basic Earnings per Share	$0.01	$0.14	$0.03	$1.55	$0.95	$0.56	$0.30	$0.33	$0.45	$0.59
Weighted Average Basic Shares Outstanding	109.97M	109.47M	108.28M	109.04M	108.32M	108.18M	108.09M	107.72M	107.24M	107.44M
Diluted Earnings per Share	$0.01	$0.15	$0.03	$1.51	$0.93	$0.54	$0.30	$0.33	$0.45	$0.57
Weighted Average Diluted Shares Outstanding	111.96M	109.47M	111.15M	111.60M	110.78M	110.89M	110.04M	109.05M	108.47M	109.04M
Weighted Average Basic & Diluted Shares Outstanding	107.48M	107.85M	108.85M	109.13M	107.51M	107.89M	107.78M	107.68M	106.58M	106.86M

This table details how cash moves in and out of Rambus' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-10	-8.47	91	-110	-14	27	-21	17	-31	5.01
Net Cash From Operating Activities	77	96	117	86	129	185	209	230	196	231
Net Cash From Continuing Operating Activities	77	96	117	86	129	185	209	230	196	231
Net Income / (Loss) Continuing Operations	211	6.82	-23	-158	-86	-40	18	-14	334	180
Consolidated Net Income / (Loss)	211	6.82	-23	-158	-86	-40	18	-14	334	180
Depreciation Expense	12	13	13	11	24	30	27	32	34	31
Amortization Expense	31	44	50	39	24	26	25	16	15	12
Non-Cash Adjustments To Reconcile Net Income	11	37	29	166	173	183	146	234	29	67
Changes in Operating Assets and Liabilities, net	-189	-4.63	49	28	-6.41	-12	-6.99	-37	-216	-59
Net Cash From Investing Activities	1.09	-105	-75	-67	-141	-98	-116	152	-57	-57
Net Cash From Continuing Investing Activities	1.09	-105	-75	-67	-141	-98	-116	152	-57	-57
Purchase of Property, Plant & Equipment	-6.13	-8.56	-9.39	-11	-6.47	-30	-14	-17	-23	-31
Acquisitions	0.00	-203	-0.12	-0.35	-67	0.00	-97	-19	0.00	0.00
Purchase of Investments	-158	-55	-102	-285	-658	-910	-568	-151	-434	-415
Divestitures	-	-	0.00	0.00	76	-	0.00	0.00	106	23
Sale and/or Maturity of Investments	161	161	36	224	514	843	563	336	294	367
Other Investing Activities, net	-	-	-	0.00	0.00	-1.13	0.00	3.01	0.00	0.00
Net Cash From Financing Activities	-89	2.70	46	-128	-0.30	-61	-114	-363	-170	-168
Net Cash From Continuing Financing Activities	-89	2.70	46	-128	-0.30	-61	-114	-363	-170	-168
Repayment of Debt	0.00	0.00	-76	-81	-	0.00	0.00	-166	-10	0.00
Repurchase of Common Equity	-100	0.00	-50	-50	0.00	-50	-100	-100	-101	-113
Issuance of Common Equity	14	15	39	11	15	11	8.96	6.14	8.95	5.47
Other Financing Activities, net	-2.25	-13	-39	-7.85	-15	-23	-23	-102	-68	-60
Effect of Exchange Rate Changes	-0.12	-1.57	2.14	-0.99	-0.50	0.11	-0.41	-2.01	0.31	-0.88
Cash Interest Paid	1.55	1.55	1.55	3.04	2.37	2.37	2.37	1.53	0.07	0.00
Cash Income Taxes Paid	22	27	23	24	18	21	23	25	26	27

This table details how cash moves in and out of Rambus' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-30	-16	-26	22	9.77	-37	18	12	-11	-14
Net Cash From Operating Activities	80	51	39	50	52	55	39	70	62	59
Net Cash From Continuing Operating Activities	80	51	39	50	52	55	39	70	62	59
Net Income / (Loss) Continuing Operations	0.94	16	3.28	169	103	59	33	36	49	62
Consolidated Net Income / (Loss)	0.94	16	3.28	169	103	59	33	36	49	62
Depreciation Expense	8.22	8.41	8.87	9.80	7.93	7.08	7.72	7.52	7.76	7.98
Amortization Expense	4.01	4.18	3.94	3.94	3.61	3.25	3.25	3.24	2.89	2.33
Non-Cash Adjustments To Reconcile Net Income	55	45	49	26	-44	-2.07	21	20	14	12
Changes in Operating Assets and Liabilities, net	12	-22	-27	-158	-19	-12	-25	3.49	-12	-25
Net Cash From Investing Activities	50	-66	-11	-24	66	-88	71	-41	-18	-70
Net Cash From Continuing Investing Activities	50	-66	-11	-24	66	-88	71	-41	-18	-70
Purchase of Property, Plant & Equipment	-6.22	-4.83	-7.74	-6.75	-7.97	-0.79	-3.01	-11	-9.87	-6.49
Purchase of Investments	-24	-70	-46	-92	-161	-136	-113	-112	-54	-137
Sale and/or Maturity of Investments	81	6.28	43	74	129	48	164	82	46	74
Net Cash From Financing Activities	-159	-2.51	-54	-4.09	-107	-4.24	-92	-18	-55	-2.66
Net Cash From Continuing Financing Activities	-159	-2.51	-54	-4.09	-107	-4.24	-92	-18	-55	-2.66
Issuance of Common Equity	0.05	2.36	0.77	4.31	1.37	2.50	0.22	3.13	0.10	2.02
Other Financing Activities, net	0.78	-97	-45	-8.40	-8.13	-6.54	-42	-8.34	-5.37	-4.68
Effect of Exchange Rate Changes	-1.47	0.51	0.19	0.24	-0.59	0.47	-0.30	-0.16	0.36	-0.79

This table presents Rambus' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	718	783	891	1,361	1,343	1,251	1,233	1,013	1,258	1,343
Total Current Assets	316	217	372	528	665	700	684	527	631	690
Cash & Equivalents	144	135	226	116	102	129	108	125	95	100
Short-Term Investments	144	37	104	162	305	374	378	188	331	382
Accounts Receivable	16	21	26	227	228	167	180	181	134	148
Inventories, net	1.08	5.63	5.16	6.77	10	14	8.48	21	36	45
Prepaid Expenses	10	18	11	16	19	16	11	12	35	16
Plant, Property, & Equipment, net	57	58	54	57	46	58	56	86	68	76
Total Noncurrent Assets	346	508	465	776	633	494	492	398	560	577
Goodwill	117	205	210	207	183	183	279	292	287	287
Intangible Assets	64	132	92	60	55	36	58	51	29	17
Noncurrent Deferred & Refundable Income Taxes	162	168	159	4.44	4.57	4.35	4.05	3.03	217	136
Other Noncurrent Operating Assets	2.17	2.75	4.54	7.83	43	33	28	27	28	137
Total Liabilities & Shareholders' Equity	718	783	891	1,361	1,343	1,251	1,233	1,013	1,258	1,343
Total Liabilities	191	231	319	349	368	339	370	233	220	222
Total Current Liabilities	28	51	133	69	86	86	267	127	89	82
Accounts Payable	4.10	9.79	9.61	7.39	9.55	8.99	11	25	18	19
Accrued Expenses	6.21	10	9.16	9.19	19	19	20	24	27	17
Current Deferred Revenue	5.78	17	18	19	12	10	25	24	17	20
Current Deferred & Payable Income Tax Liabilities	-	-	0.26	16	19	20	21	18	5.10	1.26
Current Employee Benefit Liabilities	12	14	17	17	20	23	21	21	18	19
Other Current Liabilities	-	-	-	0.00	6.36	4.72	5.99	5.02	4.45	5.62
Total Noncurrent Liabilities	163	179	187	280	282	253	103	107	131	141
Noncurrent Deferred Revenue	-	-	3.34	77	60	41	21	5.89	79	109
Other Noncurrent Operating Liabilities	44	42	38	42	59	41	58	76	52	31
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	527	553	572	1,012	975	913	862	779	1,038	1,121
Total Preferred & Common Equity	527	553	572	1,012	975	913	862	779	1,038	1,121
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	527	553	572	1,012	975	913	862	779	1,038	1,121
Common Stock	1,130	1,181	1,213	1,227	1,261	1,271	1,299	1,298	1,325	1,276
Retained Earnings	-604	-615	-636	-204	-286	-358	-435	-513	-286	-154
Accumulated Other Comprehensive Income / (Loss)	0.37	-14	-5.10	-10	-0.09	-0.08	-1.45	-4.96	-1.27	-1.26

This table presents Rambus' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	969	963	1,127	1,184	1,209	1,251	1,252
Total Current Assets	474	493	536	551	576	610	612
Cash & Equivalents	142	100	122	132	113	125	114
Short-Term Investments	123	192	210	244	278	308	319
Accounts Receivable	181	160	158	129	125	113	118
Inventories, net	14	26	34	35	48	53	49
Prepaid Expenses	15	15	12	11	12	12	12
Plant, Property, & Equipment, net	79	89	87	73	67	75	73
Total Noncurrent Assets	416	380	503	560	565	566	566
Goodwill	292	292	292	287	287	287	287
Intangible Assets	55	47	43	32	26	22	19
Noncurrent Deferred & Refundable Income Taxes	2.80	2.62	140	131	132	130	129
Other Noncurrent Operating Assets	29	39	25	110	117	122	131
Total Liabilities & Shareholders' Equity	969	963	1,127	1,184	1,209	1,251	1,252
Total Liabilities	219	201	182	229	217	222	213
Total Current Liabilities	116	96	101	84	83	85	74
Accounts Payable	20	18	18	16	25	27	20
Accrued Expenses	20	21	28	25	20	21	15
Current Deferred Revenue	23	21	17	17	16	15	18
Current Deferred & Payable Income Tax Liabilities	20	16	13	8.64	3.90	1.01	1.11
Current Employee Benefit Liabilities	17	16	22	13	13	16	14
Other Current Liabilities	16	4.29	4.10	4.17	4.72	5.03	5.40
Total Noncurrent Liabilities	103	105	80	145	135	137	138
Noncurrent Deferred Revenue	7.82	3.96	1.97	78	86	93	101
Other Noncurrent Operating Liabilities	69	74	72	61	45	40	37
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	750	762	946	956	992	1,029	1,039
Total Preferred & Common Equity	750	762	946	956	992	1,029	1,039
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	750	762	946	956	992	1,029	1,039
Common Stock	1,266	1,287	1,301	1,302	1,294	1,295	1,255
Retained Earnings	-509	-521	-353	-344	-301	-265	-216
Accumulated Other Comprehensive Income / (Loss)	-6.77	-3.54	-3.03	-2.37	-1.86	-1.97	-0.44

This table displays calculated financial ratios and metrics derived from Rambus' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.09%	13.61%	16.79%	-41.18%	-1.56%	8.22%	33.28%	38.53%	1.39%	20.71%
EBITDA Growth	-11.59%	-21.48%	29.54%	-132.11%	-39.71%	155.59%	193.96%	45.49%	70.51%	14.54%
EBIT Growth	-5.21%	-52.90%	61.72%	-259.85%	-15.15%	73.84%	229.75%	128.51%	112.07%	22.30%
NOPAT Growth	538.03%	-95.96%	-399.40%	-100.61%	-15.15%	56.01%	161.99%	181.73%	408.92%	-39.98%
Net Income Growth	706.79%	-96.77%	-435.22%	-590.92%	45.58%	52.92%	145.30%	-178.05%	2,433.36%	-46.15%
EPS Growth	718.18%	-96.67%	-450.00%	-595.24%	47.26%	53.25%	144.44%	-181.25%	2,415.38%	-45.18%
Operating Cash Flow Growth	1.02%	23.77%	22.84%	-26.58%	49.07%	44.29%	12.81%	10.12%	-15.02%	17.78%
Free Cash Flow Firm Growth	68.03%	-239.76%	114.68%	-2,467.97%	118.64%	33.32%	-62.59%	163.54%	17.31%	-0.30%
Invested Capital Growth	73.40%	41.46%	-10.00%	92.12%	-18.23%	-20.99%	-4.52%	-11.85%	28.50%	4.35%
Revenue Q/Q Growth	1.62%	6.58%	1.11%	-12.60%	-2.17%	-0.65%	10.01%	7.21%	-0.03%	7.51%
EBITDA Q/Q Growth	2.13%	-13.57%	14.55%	-244.73%	-1.48%	139.90%	24.79%	8.10%	8.42%	10.55%
EBIT Q/Q Growth	4.00%	-37.06%	38.75%	-29.71%	-4.83%	37.42%	118.39%	14.65%	12.90%	13.09%
NOPAT Q/Q Growth	1.49%	-65.18%	-311.26%	-29.71%	-4.83%	-5.23%	12,596.16%	10.27%	-1.64%	16.89%
Net Income Q/Q Growth	2.50%	-70.68%	-331.84%	17.78%	-3.69%	-20.83%	10,436.78%	40.76%	14.62%	2.08%
EPS Q/Q Growth	4.65%	-73.91%	-333.33%	17.51%	-2.67%	-24.14%	0.00%	43.48%	14.89%	1.85%
Operating Cash Flow Q/Q Growth	-3.14%	12.42%	27.70%	-22.78%	0.98%	3.72%	16.81%	-8.31%	1.85%	1.83%
Free Cash Flow Firm Q/Q Growth	-5.47%	-2.51%	486.60%	-17.34%	-28.73%	38.71%	1,682.43%	-23.28%	-24.71%	20.45%
Invested Capital Q/Q Growth	-1.14%	-3.75%	-15.13%	-2.68%	1.24%	-4.41%	-8.37%	-1.77%	5.56%	5.38%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	84.70%	80.07%	79.87%	76.77%	77.43%	75.34%	78.56%	76.35%	77.57%	80.22%
EBITDA Margin	38.90%	26.89%	29.82%	-16.28%	-23.10%	11.87%	26.17%	27.49%	46.23%	43.86%
Operating Margin	24.11%	9.99%	13.84%	-37.62%	-44.00%	-17.88%	7.40%	16.92%	33.32%	32.88%
EBIT Margin	24.11%	9.99%	13.84%	-37.62%	-44.00%	-10.64%	10.35%	17.08%	35.72%	36.19%
Profit (Net Income) Margin	71.35%	2.03%	-5.82%	-68.32%	-37.77%	-16.43%	5.58%	-3.15%	72.41%	32.31%
Tax Burden Percent	350.96%	30.13%	-55.78%	223.65%	104.14%	110.76%	78.73%	182.88%	178.41%	89.89%
Interest Burden Percent	84.33%	67.29%	75.34%	81.21%	82.43%	139.47%	68.50%	-10.07%	113.62%	99.30%
Effective Tax Rate	-250.96%	69.87%	155.78%	0.00%	0.00%	0.00%	21.27%	0.00%	-78.41%	10.11%
Return on Invested Capital (ROIC)	88.75%	2.34%	-6.30%	-9.14%	-8.80%	-4.81%	3.46%	10.59%	50.35%	26.30%
ROIC Less NNEP Spread (ROIC-NNEP)	110.98%	5.44%	-15.57%	68.12%	-0.76%	-1.63%	3.69%	32.41%	33.94%	22.92%
Return on Net Nonoperating Assets (RNNOA)	-42.71%	-1.08%	2.24%	-10.81%	0.15%	0.52%	-1.39%	-12.34%	-13.61%	-9.64%
Return on Equity (ROE)	46.05%	1.26%	-4.07%	-19.95%	-8.65%	-4.29%	2.07%	-1.74%	36.75%	16.66%
Cash Return on Invested Capital (CROIC)	35.06%	-32.00%	4.22%	-72.21%	11.26%	18.65%	8.08%	23.18%	25.41%	22.04%
Operating Return on Assets (OROA)	10.93%	4.48%	6.50%	-7.72%	-7.41%	-2.02%	2.74%	6.92%	14.51%	15.49%
Return on Assets (ROA)	32.36%	0.91%	-2.73%	-14.03%	-6.36%	-3.12%	1.48%	-1.27%	29.41%	13.83%
Return on Common Equity (ROCE)	46.05%	1.26%	-4.07%	-19.95%	-8.65%	-4.29%	2.07%	-1.74%	36.75%	16.66%
Return on Equity Simple (ROE_SIMPLE)	40.15%	1.23%	-4.00%	-15.61%	-8.81%	-4.43%	2.13%	-1.84%	32.16%	16.05%
Net Operating Profit after Tax (NOPAT)	251	10	-30	-61	-70	-31	19	54	274	165
NOPAT Margin	84.60%	3.01%	-7.72%	-26.33%	-30.80%	-12.52%	5.82%	11.84%	59.44%	29.55%
Net Nonoperating Expense Percent (NNEP)	-22.23%	-3.09%	9.27%	-77.26%	-8.04%	-3.18%	-0.23%	-21.82%	16.41%	3.37%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	6.82%	26.40%	14.68%
Cost of Revenue to Revenue	15.30%	19.93%	20.13%	23.23%	22.57%	24.66%	21.44%	23.65%	22.43%	19.78%
SG&A Expenses to Revenue	23.81%	28.27%	28.22%	42.50%	44.18%	35.09%	27.74%	23.47%	23.45%	18.70%
R&D to Revenue	37.50%	38.58%	37.94%	68.49%	68.90%	56.77%	41.33%	34.91%	34.01%	29.26%
Operating Expenses to Revenue	60.59%	70.07%	66.03%	114.39%	121.43%	93.22%	71.16%	59.43%	44.25%	47.34%
Earnings before Interest and Taxes (EBIT)	71	34	54	-87	-100	-26	34	78	165	201
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	115	90	117	-38	-53	29	86	125	213	244
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.57	2.75	2.73	0.82	1.57	2.18	3.73	4.94	7.07	5.03
Price to Tangible Book Value (P/TBV)	3.91	7.05	5.78	1.12	2.08	2.87	6.12	8.82	10.16	6.90
Price to Revenue (P/Rev)	4.56	4.52	3.97	3.60	6.75	8.08	9.79	8.47	15.91	10.12
Price to Earnings (P/E)	6.39	223.01	0.00	0.00	0.00	0.00	175.32	0.00	21.97	31.33
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	15.65%	0.45%	0.00%	0.00%	0.00%	0.00%	0.57%	0.00%	4.55%	3.19%
Enterprise Value to Invested Capital (EV/IC)	3.30	2.91	3.17	0.79	1.78	2.90	5.35	7.45	11.29	8.06
Enterprise Value to Revenue (EV/Rev)	3.99	4.38	3.68	3.01	5.61	6.67	8.81	7.80	14.99	9.26
Enterprise Value to EBITDA (EV/EBITDA)	10.26	16.30	12.33	0.00	0.00	56.19	33.66	28.38	32.43	21.10
Enterprise Value to EBIT (EV/EBIT)	16.55	43.84	26.57	0.00	0.00	0.00	85.09	45.67	41.96	25.57
Enterprise Value to NOPAT (EV/NOPAT)	4.72	145.52	0.00	0.00	0.00	0.00	151.29	65.86	25.22	31.32
Enterprise Value to Operating Cash Flow (EV/OCF)	15.31	15.43	12.31	8.08	9.93	8.86	13.82	15.40	35.30	22.34
Enterprise Value to Free Cash Flow (EV/FCFF)	11.94	0.00	71.16	0.00	14.24	13.74	64.66	30.09	49.98	37.37
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.23	0.23	0.37	0.14	0.15	0.17	0.19	0.01	0.00	0.00
Long-Term Debt to Equity	0.23	0.23	0.24	0.14	0.15	0.17	0.00	0.00	0.00	0.00
Financial Leverage	-0.38	-0.20	-0.14	-0.16	-0.20	-0.32	-0.38	-0.38	-0.40	-0.42
Leverage Ratio	1.42	1.39	1.49	1.42	1.36	1.37	1.40	1.37	1.25	1.21
Compound Leverage Factor	1.20	0.94	1.12	1.15	1.12	1.92	0.96	-0.14	1.42	1.20
Debt to Total Capital	18.49%	18.58%	27.23%	12.30%	13.24%	14.60%	15.95%	1.31%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	9.99%	0.00%	0.00%	0.00%	15.95%	1.31%	0.00%	0.00%
Long-Term Debt to Total Capital	18.49%	18.58%	17.24%	12.30%	13.24%	14.60%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	81.51%	81.42%	72.77%	87.70%	86.76%	85.40%	84.05%	98.69%	100.00%	100.00%
Debt to EBITDA	1.04	1.39	1.82	-3.77	-2.83	5.34	1.91	0.08	0.00	0.00
Net Debt to EBITDA	-1.46	-0.51	-0.99	3.61	4.92	-11.86	-3.75	-2.42	0.00	0.00
Long-Term Debt to EBITDA	1.04	1.39	1.16	-3.77	-2.83	5.34	0.00	0.00	0.00	0.00
Debt to NOPAT	0.48	12.45	-7.05	-2.33	-2.12	-5.06	8.56	0.19	0.00	0.00
Net Debt to NOPAT	-0.67	-4.54	3.81	2.23	3.69	11.24	-16.84	-5.62	0.00	0.00
Long-Term Debt to NOPAT	0.48	12.45	-4.46	-2.33	-2.12	-5.06	0.00	0.00	0.00	0.00
Altman Z-Score	4.27	3.68	2.90	1.58	2.65	3.84	5.48	10.37	21.00	16.49
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	11.13	4.23	2.80	7.62	7.71	8.15	2.56	4.16	7.08	8.44
Quick Ratio	10.72	3.77	2.67	7.29	7.38	7.80	2.49	3.90	6.28	7.70
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	99	-138	20	-481	90	120	45	118	138	138
Operating Cash Flow to CapEx	3,512.69%	1,132.32%	1,255.74%	1,412.57%	1,994.96%	623.85%	1,516.94%	1,318.19%	842.45%	751.21%
Free Cash Flow to Firm to Interest Expense	7.98	-10.86	1.37	-29.55	9.10	11.56	4.18	1.38	92.81	97.37
Operating Cash Flow to Interest Expense	6.22	7.50	7.93	5.30	13.05	17.94	19.54	2.69	131.40	162.85
Operating Cash Flow Less CapEx to Interest Expense	6.05	6.84	7.30	4.92	12.39	15.06	18.25	2.49	115.80	141.17
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.45	0.45	0.47	0.21	0.17	0.19	0.26	0.41	0.41	0.43
Accounts Receivable Turnover	26.44	17.95	16.73	1.83	1.00	1.25	1.90	2.52	2.93	3.95
Inventory Turnover	0.00	19.99	14.67	9.00	6.10	4.95	6.14	7.32	3.63	2.73
Fixed Asset Turnover	4.91	5.85	6.97	4.15	4.44	4.77	5.77	6.39	5.99	7.77
Accounts Payable Turnover	8.20	9.66	8.16	6.32	6.07	6.55	6.94	5.96	4.82	6.02
Days Sales Outstanding (DSO)	13.80	20.34	21.82	200.00	365.54	292.75	192.55	144.76	124.62	92.35
Days Inventory Outstanding (DIO)	0.00	18.26	24.88	40.55	59.88	73.76	59.49	49.84	100.68	133.90
Days Payable Outstanding (DPO)	44.51	37.78	44.75	57.79	60.18	55.70	52.56	61.23	75.68	60.66
Cash Conversion Cycle (CCC)	-30.70	0.82	1.95	182.75	365.25	310.80	199.49	133.37	149.61	165.60
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	358	507	456	876	716	566	540	476	612	639
Invested Capital Turnover	1.05	0.78	0.82	0.35	0.29	0.38	0.59	0.89	0.85	0.89
Increase / (Decrease) in Invested Capital	152	149	-51	420	-160	-150	-26	-64	136	27
Enterprise Value (EV)	1,182	1,475	1,446	696	1,277	1,642	2,892	3,547	6,912	5,152
Market Capitalization	1,351	1,521	1,561	832	1,536	1,989	3,214	3,850	7,338	5,634
Book Value per Share	$4.52	$5.00	$5.21	$9.33	$8.75	$8.01	$7.89	$7.25	$9.66	$10.52
Tangible Book Value per Share	$2.96	$1.95	$2.46	$6.87	$6.61	$6.08	$4.80	$4.06	$6.72	$7.66
Total Capital	646	679	785	1,154	1,124	1,069	1,026	790	1,038	1,121
Total Debt	119	126	214	142	149	156	164	10	0.00	0.00
Total Long-Term Debt	119	126	135	142	149	156	0.00	0.00	0.00	0.00
Net Debt	-168	-46	-115	-136	-259	-347	-322	-303	-426	-482
Capital Expenditures (CapEx)	2.20	8.44	9.35	6.10	6.44	30	14	17	23	31
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-0.48	-6.70	-12	181	171	111	95	98	116	127
Debt-free Net Working Capital (DFNWC)	287	165	317	458	578	614	581	411	542	608
Net Working Capital (NWC)	287	165	239	458	578	614	417	401	542	608
Net Nonoperating Expense (NNE)	39	3.32	-7.48	97	16	9.63	0.78	68	-60	-15
Net Nonoperating Obligations (NNO)	-168	-46	-115	-136	-259	-347	-322	-303	-426	-482
Total Depreciation and Amortization (D&A)	44	57	63	49	48	55	52	47	48	43
Debt-free, Cash-free Net Working Capital to Revenue	-0.16%	-1.99%	-3.06%	78.16%	75.05%	45.14%	28.99%	21.47%	25.09%	22.75%
Debt-free Net Working Capital to Revenue	96.94%	49.16%	80.73%	198.30%	254.17%	249.21%	176.90%	90.35%	117.44%	109.31%
Net Working Capital to Revenue	96.94%	49.16%	60.77%	198.30%	254.17%	249.21%	127.05%	88.06%	117.44%	109.31%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.84	$0.06	($0.21)	($1.46)	($0.81)	($0.39)	$0.17	($0.13)	$3.09	$1.67
Adjusted Weighted Average Basic Shares Outstanding	114.81M	110.16M	110.20M	108.45M	110.95M	113.25M	110.54M	109.47M	108.18M	107.44M
Adjusted Diluted Earnings per Share	$1.80	$0.06	($0.21)	($1.46)	($0.81)	($0.39)	$0.16	($0.13)	$3.01	$1.65
Adjusted Weighted Average Diluted Shares Outstanding	117.48M	113.14M	110.20M	108.45M	110.95M	113.25M	114.87M	109.47M	110.89M	109.04M
Adjusted Basic & Diluted Earnings per Share	$1.84	$0.06	$0.00	$0.00	$0.00	$0.00	$0.00	($0.13)	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	109.51M	111.18M	109.85M	109.04M	112.43M	111.73M	109.32M	107.85M	107.89M	106.86M
Normalized Net Operating Profit after Tax (NOPAT)	48	31	38	-59	-64	-29	24	56	128	161
Normalized NOPAT Margin	16.37%	9.26%	9.59%	-25.66%	-28.09%	-11.87%	7.18%	12.32%	27.67%	28.91%
Pre Tax Income Margin	20.33%	6.73%	10.43%	-30.55%	-36.27%	-14.83%	7.09%	-1.72%	40.59%	35.94%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.75	2.64	3.68	-5.34	-10.16	-2.53	3.18	0.91	110.55	142.27
NOPAT to Interest Expense	20.19	0.80	-2.05	-3.74	-7.12	-2.98	1.79	0.63	183.96	116.18
EBIT Less CapEx to Interest Expense	5.58	1.98	3.04	-5.72	-10.82	-5.41	1.89	0.70	94.96	120.59
NOPAT Less CapEx to Interest Expense	20.02	0.13	-2.68	-4.11	-7.77	-5.86	0.50	0.43	168.36	94.50
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	47.36%	0.00%	-218.87%	-31.68%	0.00%	-123.72%	545.88%	-701.75%	30.11%	63.01%

This table displays calculated financial ratios and metrics derived from Rambus' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	38.09%	33.33%	14.85%	-1.07%	-6.19%	-0.12%	3.61%	10.27%	38.19%	31.81%
EBITDA Growth	45.60%	39.45%	35.30%	-44.51%	301.26%	50.02%	173.92%	100.44%	-41.23%	46.89%
EBIT Growth	135.26%	93.71%	176.32%	-63.62%	516.22%	91.74%	798.73%	221.03%	-44.82%	59.25%
NOPAT Growth	27.11%	123.93%	-68.58%	344.03%	2,084.87%	109.50%	1,476.90%	-77.50%	-55.33%	76.64%
Net Income Growth	-74.46%	161.24%	104.95%	382.24%	10,890.20%	267.08%	902.68%	-78.65%	-52.84%	6.25%
EPS Growth	-66.67%	200.00%	105.00%	387.10%	9,200.00%	260.00%	900.00%	-78.15%	-51.61%	5.56%
Operating Cash Flow Growth	73.90%	-28.93%	-8.70%	-10.72%	-35.51%	6.94%	0.55%	39.61%	20.33%	7.54%
Free Cash Flow Firm Growth	1,725.93%	144.39%	-119.38%	-67.61%	-94.57%	-229.47%	-457.03%	157.55%	216.70%	130.19%
Invested Capital Growth	-17.77%	-11.85%	4.49%	25.98%	19.58%	28.50%	27.88%	-2.76%	4.53%	4.35%
Revenue Q/Q Growth	-7.34%	9.02%	-7.03%	5.34%	-12.13%	16.08%	-3.56%	12.10%	10.12%	10.71%
EBITDA Q/Q Growth	-40.48%	11.54%	-49.62%	65.93%	330.37%	-58.30%	-8.02%	21.42%	26.19%	4.22%
EBIT Q/Q Growth	-54.41%	17.53%	-81.17%	260.63%	672.28%	-63.43%	-11.76%	28.82%	32.74%	5.55%
NOPAT Q/Q Growth	-85.92%	237.91%	-88.28%	7,862.55%	-30.73%	-67.60%	-11.76%	13.60%	37.54%	28.12%
Net Income Q/Q Growth	-97.32%	1,598.51%	-79.43%	5,047.21%	-38.89%	-43.27%	-43.81%	9.60%	34.97%	27.82%
EPS Q/Q Growth	-96.77%	1,400.00%	-80.00%	4,933.33%	-38.41%	-41.94%	-44.44%	10.00%	36.36%	26.67%
Operating Cash Flow Q/Q Growth	41.58%	-35.88%	-24.14%	29.65%	2.27%	6.32%	-28.68%	80.02%	-11.85%	-4.98%
Free Cash Flow Firm Q/Q Growth	83.69%	-27.23%	-123.01%	205.30%	-69.21%	-1,835.00%	0.99%	148.69%	-62.13%	65.40%
Invested Capital Q/Q Growth	-0.31%	-1.77%	-1.44%	30.52%	-5.37%	5.56%	-1.91%	-0.75%	1.72%	5.38%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	75.96%	72.72%	72.16%	80.31%	77.18%	80.27%	79.93%	79.69%	80.69%	80.44%
EBITDA Margin	26.45%	27.06%	14.66%	23.10%	113.13%	40.64%	38.76%	41.99%	48.11%	45.29%
Operating Margin	15.08%	13.19%	1.71%	9.76%	99.59%	28.74%	25.56%	30.52%	37.59%	35.92%
EBIT Margin	15.55%	16.77%	3.40%	11.63%	102.17%	32.19%	29.45%	33.84%	40.80%	38.89%
Profit (Net Income) Margin	0.84%	13.03%	2.88%	140.93%	98.01%	47.90%	27.91%	27.29%	33.44%	38.61%
Tax Burden Percent	27.30%	96.73%	94.23%	1,245.89%	96.24%	93.09%	95.77%	81.30%	82.43%	99.83%
Interest Burden Percent	19.70%	80.36%	90.14%	97.30%	99.67%	159.85%	98.95%	99.17%	99.45%	99.44%
Effective Tax Rate	72.70%	3.27%	5.77%	-1,145.89%	3.76%	6.91%	4.23%	18.70%	17.57%	0.17%
Return on Invested Capital (ROIC)	3.25%	11.41%	1.64%	103.56%	83.02%	22.66%	21.29%	19.60%	27.05%	31.90%
ROIC Less NNEP Spread (ROIC-NNEP)	4.66%	11.30%	1.19%	96.79%	82.31%	15.57%	20.10%	18.74%	26.16%	30.93%
Return on Net Nonoperating Assets (RNNOA)	-1.52%	-4.30%	-0.49%	-37.13%	-30.91%	-6.24%	-7.83%	-7.27%	-10.60%	-13.00%
Return on Equity (ROE)	1.72%	7.11%	1.16%	66.43%	52.11%	16.42%	13.45%	12.33%	16.45%	18.90%
Cash Return on Invested Capital (CROIC)	28.59%	23.18%	9.42%	20.45%	34.49%	25.41%	32.19%	35.08%	19.30%	22.04%
Operating Return on Assets (OROA)	6.08%	6.79%	1.58%	4.86%	43.77%	13.07%	12.62%	13.59%	17.34%	16.64%
Return on Assets (ROA)	0.33%	5.28%	1.34%	58.97%	41.99%	19.45%	11.96%	10.96%	14.22%	16.52%
Return on Common Equity (ROCE)	1.72%	7.11%	1.16%	66.43%	52.11%	16.42%	13.45%	12.33%	16.45%	18.90%
Return on Equity Simple (ROE_SIMPLE)	-3.22%	0.00%	7.25%	19.99%	30.49%	0.00%	36.66%	22.42%	16.96%	0.00%
Net Operating Profit after Tax (NOPAT)	4.62	16	1.83	146	101	33	29	33	45	58
NOPAT Margin	4.12%	12.76%	1.61%	121.59%	95.85%	26.76%	24.48%	24.81%	30.99%	35.86%
Net Nonoperating Expense Percent (NNEP)	-1.41%	0.11%	0.46%	6.77%	0.71%	7.09%	1.18%	0.86%	0.89%	0.98%
Return On Investment Capital (ROIC_SIMPLE)	-	1.98%	-	-	-	3.15%	-	-	-	5.15%
Cost of Revenue to Revenue	24.04%	27.28%	27.84%	19.69%	22.82%	19.73%	20.07%	20.31%	19.31%	19.56%
SG&A Expenses to Revenue	23.34%	22.32%	27.22%	21.85%	24.06%	21.00%	21.91%	18.47%	17.78%	17.38%
R&D to Revenue	35.01%	32.79%	36.83%	34.70%	35.49%	29.44%	31.69%	30.67%	28.38%	27.12%
Operating Expenses to Revenue	60.88%	59.53%	70.45%	70.55%	-22.42%	51.53%	54.37%	49.18%	43.10%	44.52%
Earnings before Interest and Taxes (EBIT)	17	21	3.86	14	108	39	35	45	59	63
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	30	33	17	28	119	50	46	55	70	73
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.75	4.94	7.26	7.39	6.37	7.07	6.70	6.16	4.38	5.03
Price to Tangible Book Value (P/TBV)	6.97	8.82	13.08	11.44	9.56	10.16	9.78	8.80	6.20	6.90
Price to Revenue (P/Rev)	6.62	8.47	11.78	14.92	13.20	15.91	14.28	13.26	8.78	10.12
Price to Earnings (P/E)	0.00	0.00	100.17	36.95	20.90	21.97	18.28	27.45	25.81	31.33
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	1.00%	2.71%	4.78%	4.55%	5.47%	3.64%	3.87%	3.19%
Enterprise Value to Invested Capital (EV/IC)	5.25	7.45	11.15	10.85	9.85	11.29	10.41	9.90	6.78	8.06
Enterprise Value to Revenue (EV/Rev)	6.00	7.80	11.15	14.21	12.39	14.99	13.44	12.36	7.95	9.26
Enterprise Value to EBITDA (EV/EBITDA)	22.01	28.38	40.48	62.08	29.06	32.43	25.83	21.86	18.63	21.10
Enterprise Value to EBIT (EV/EBIT)	37.56	45.67	65.34	119.27	39.16	41.96	31.98	26.06	23.09	25.57
Enterprise Value to NOPAT (EV/NOPAT)	52.10	65.86	82.51	27.85	20.50	25.22	20.63	30.24	29.23	31.32
Enterprise Value to Operating Cash Flow (EV/OCF)	10.13	15.40	23.10	30.15	29.72	35.30	31.91	27.32	18.16	22.34
Enterprise Value to Free Cash Flow (EV/FCFF)	16.56	30.09	120.91	59.18	31.10	49.98	36.31	27.83	35.94	37.37
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.33	-0.38	-0.41	-0.38	-0.38	-0.40	-0.39	-0.39	-0.41	-0.42
Leverage Ratio	1.36	1.37	1.30	1.25	1.26	1.25	1.24	1.20	1.22	1.21
Compound Leverage Factor	0.27	1.10	1.17	1.22	1.26	2.00	1.23	1.19	1.21	1.20
Debt to Total Capital	0.00%	1.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	1.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	98.69%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.08	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	-2.42	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.19	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	-5.62	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	7.90	10.18	16.75	23.56	16.72	20.67	18.97	17.85	13.68	16.15
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.07	4.16	5.12	5.29	6.54	7.08	6.98	7.18	8.26	8.44
Quick Ratio	3.83	3.90	4.70	4.84	6.00	6.28	6.25	6.42	7.43	7.70
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	109	80	-18	19	5.94	-103	-102	50	19	31
Operating Cash Flow to CapEx	1,286.65%	1,062.32%	502.79%	747.40%	647.52%	6,978.37%	1,300.50%	621.55%	628.92%	908.98%
Free Cash Flow to Firm to Interest Expense	6.23	164.53	-48.10	51.33	16.69	-273.49	-278.93	133.97	57.55	88.43
Operating Cash Flow to Interest Expense	4.55	105.97	102.12	134.15	144.91	145.49	106.88	189.82	189.83	167.57
Operating Cash Flow Less CapEx to Interest Expense	4.20	95.99	81.81	116.20	122.53	143.41	98.66	159.28	159.65	149.13
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.39	0.41	0.46	0.42	0.43	0.41	0.43	0.40	0.43	0.43
Accounts Receivable Turnover	2.32	2.52	2.74	2.54	2.98	2.93	3.26	3.52	4.19	3.95
Inventory Turnover	8.27	7.32	7.23	5.41	4.62	3.63	2.59	2.29	2.46	2.73
Fixed Asset Turnover	6.52	6.39	6.50	5.54	6.07	5.99	5.94	5.89	7.05	7.77
Accounts Payable Turnover	5.46	5.96	6.94	6.11	6.25	4.82	4.45	4.42	5.70	6.02
Days Sales Outstanding (DSO)	157.26	144.76	133.26	143.74	122.63	124.62	111.91	103.64	87.18	92.35
Days Inventory Outstanding (DIO)	44.16	49.84	50.51	67.49	78.99	100.68	141.13	159.34	148.41	133.90
Days Payable Outstanding (DPO)	66.87	61.23	52.56	59.70	58.44	75.68	82.05	82.54	64.05	60.66
Cash Conversion Cycle (CCC)	134.55	133.37	131.21	151.54	143.18	149.61	170.99	180.44	171.53	165.60
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	485	476	470	613	580	612	601	596	606	639
Invested Capital Turnover	0.79	0.89	1.02	0.85	0.87	0.85	0.87	0.79	0.87	0.89
Increase / (Decrease) in Invested Capital	-105	-64	20	126	95	136	131	-17	26	27
Enterprise Value (EV)	2,545	3,547	5,236	6,652	5,713	6,912	6,254	5,900	4,114	5,152
Market Capitalization	2,810	3,850	5,528	6,985	6,088	7,338	6,645	6,333	4,546	5,634
Book Value per Share	$6.78	$7.25	$7.06	$8.69	$8.76	$9.66	$9.17	$9.55	$9.65	$10.52
Tangible Book Value per Share	$3.65	$4.06	$3.92	$5.61	$5.83	$6.72	$6.28	$6.68	$6.81	$7.66
Total Capital	750	790	762	946	956	1,038	992	1,029	1,039	1,121
Total Debt	0.00	10	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-265	-303	-292	-333	-376	-426	-391	-433	-433	-482
Capital Expenditures (CapEx)	6.22	4.83	7.74	6.75	7.97	0.79	3.01	11	9.87	6.49
Debt-free, Cash-free Net Working Capital (DFCFNWC)	93	98	104	102	91	116	103	92	105	127
Debt-free Net Working Capital (DFNWC)	358	411	397	435	466	542	494	525	538	608
Net Working Capital (NWC)	358	401	397	435	466	542	494	525	538	608
Net Nonoperating Expense (NNE)	3.68	-0.34	-1.45	-23	-2.27	-26	-4.04	-3.28	-3.58	-4.44
Net Nonoperating Obligations (NNO)	-265	-303	-292	-333	-376	-426	-391	-433	-433	-482
Total Depreciation and Amortization (D&A)	12	13	13	14	12	10	11	11	11	10
Debt-free, Cash-free Net Working Capital to Revenue	21.90%	21.47%	22.25%	21.87%	19.70%	25.09%	22.10%	19.32%	20.32%	22.75%
Debt-free Net Working Capital to Revenue	84.33%	90.35%	84.47%	92.91%	101.12%	117.44%	106.15%	109.97%	103.89%	109.31%
Net Working Capital to Revenue	84.33%	88.06%	84.47%	92.91%	101.12%	117.44%	106.15%	109.97%	103.89%	109.31%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.01	$0.14	$0.03	$1.55	$0.95	$0.56	$0.30	$0.33	$0.45	$0.59
Adjusted Weighted Average Basic Shares Outstanding	109.97M	109.47M	108.28M	109.04M	108.32M	108.18M	108.09M	107.72M	107.24M	107.44M
Adjusted Diluted Earnings per Share	$0.01	$0.15	$0.03	$1.51	$0.93	$0.54	$0.30	$0.33	$0.45	$0.57
Adjusted Weighted Average Diluted Shares Outstanding	111.96M	109.47M	111.15M	111.60M	110.78M	110.89M	110.04M	109.05M	108.47M	109.04M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	107.48M	107.85M	108.85M	109.13M	107.51M	107.89M	107.78M	107.68M	106.58M	106.86M
Normalized Net Operating Profit after Tax (NOPAT)	14	20	8.33	20	105	34	30	33	41	58
Normalized NOPAT Margin	12.06%	16.71%	7.32%	16.41%	99.76%	27.59%	25.05%	24.73%	28.41%	35.86%
Pre Tax Income Margin	3.06%	13.48%	3.06%	11.31%	101.83%	51.46%	29.14%	33.56%	40.57%	38.67%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.99	42.40	10.14	37.05	302.21	104.37	94.86	120.54	181.54	178.00
NOPAT to Interest Expense	0.26	32.25	4.80	387.52	283.50	86.74	78.84	88.36	137.88	164.11
EBIT Less CapEx to Interest Expense	0.64	32.42	-10.17	19.10	279.83	102.28	86.64	90.01	151.35	159.57
NOPAT Less CapEx to Interest Expense	-0.09	22.28	-15.51	369.57	261.13	84.66	70.62	57.82	107.70	145.67
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-415.72%	-701.75%	0.00%	0.00%	34.44%	30.11%	41.63%	71.02%	64.44%	63.01%

Frequently Asked Questions About Rambus' Financials

When does Rambus's financial year end?

According to the most recent income statement we have on file, Rambus' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Rambus' net income changed over the last 9 years?

Rambus' net income appears to be on an upward trend, with a most recent value of $179.82 million in 2024, falling from $211.39 million in 2015. The previous period was $333.90 million in 2023.

What is Rambus's operating income?

Rambus's total operating income in 2024 was $183.01 million, based on the following breakdown:

Total Gross Profit: $446.52 million
Total Operating Expenses: $263.51 million

How has Rambus revenue changed over the last 9 years?

Over the last 9 years, Rambus' total revenue changed from $296.28 million in 2015 to $556.62 million in 2024, a change of 87.9%.

How much debt does Rambus have?

Rambus' total liabilities were at $222.44 million at the end of 2024, a 1.1% increase from 2023, and a 16.2% increase since 2015.

How much cash does Rambus have?

In the past 9 years, Rambus' cash and equivalents has ranged from $94.77 million in 2023 to $225.84 million in 2017, and is currently $99.78 million as of their latest financial filing in 2024.

How has Rambus' book value per share changed over the last 9 years?

Over the last 9 years, Rambus' book value per share changed from 4.52 in 2015 to 10.52 in 2024, a change of 132.7%.

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This page (NASDAQ:RMBS) was last updated on 4/15/2025 by MarketBeat.com Staff

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Rambus (RMBS) Financials

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