LiveRamp (US:RAMP)2025-11-05 22:05Financial Performance - Revenues for the three months ended September 30, 2025, increased to $199.829 million, up 7.2% from $185.483 million in the same period of 2024[17]. - Gross profit for the six months ended September 30, 2025, was $276.738 million, compared to $258.461 million for the same period in 2024, reflecting a growth of 7.1%[17]. - Net earnings for the three months ended September 30, 2025, were $27.420 million, significantly higher than $1.732 million in the same period of 2024[18]. - Basic earnings per share for the three months ended September 30, 2025, were $0.42, compared to $0.03 for the same period in 2024[17]. - For the six months ended September 30, 2025, the company reported net earnings of $35.2 million, compared to a net loss of $5.8 million for the same period in 2024, resulting in basic earnings per share of $0.54[38]. - Total revenue for the six months ended September 30, 2025, was $394.7 million, an increase of 9.2% from $361.4 million in the same period of 2024[43]. Cash Flow and Assets - Cash provided by operating activities for the six months ended September 30, 2025, was $41,587,000, compared to $46,268,000 for the same period in 2024, showing a slight decrease[29]. - The cash, cash equivalents, and restricted cash at the end of the period on September 30, 2025, were $369,446,000, down from $341,577,000 at the end of September 2024[31]. - Total current assets as of September 30, 2025, were $646.690 million, slightly down from $656.189 million as of March 31, 2025[14]. - Long-lived assets in the United States were valued at $587.962 million as of September 30, 2025, down from $596.396 million as of March 31, 2025[104]. Liabilities and Equity - Total current liabilities decreased to $237.029 million as of September 30, 2025, from $247.518 million as of March 31, 2025[14]. - The total equity as of September 30, 2025, was $943,807,000, reflecting an increase from $932,057,000 as of September 30, 2024[22][25]. - The allowance for credit losses increased to $9,244 thousand at the end of September 30, 2025, up from $7,698 thousand at the beginning of the period, representing a rise of 20.1%[79]. Expenses - Research and development expenses for the three months ended September 30, 2025, were $36.952 million, down from $43.889 million in the same period of 2024[17]. - Sales and marketing expenses for the three months ended September 30, 2025, were $48.685 million, a decrease from $51.107 million in the same period of 2024[17]. - Employee-related expenses were $106.662 million for the three months ended September 30, 2025, a decrease from $116.825 million in the same period of 2024[100]. Stock and Shareholder Activities - The company acquired treasury stock amounting to $79,762,000 during the six months ended September 30, 2025, compared to $65,653,000 in the same period of 2024[29]. - The total number of common shares outstanding increased from 157,822,130 as of September 30, 2024, to 161,167,204 as of September 30, 2025[22][25]. - The company repurchased 2.9 million shares for $79.6 million during the six months ended September 30, 2025, with a total of 44.4 million shares repurchased for $1.1 billion under the program[41]. - The company’s stock repurchase program was amended to authorize an additional $200 million, increasing the total authorized amount to $1.3 billion, extended through December 31, 2026[40]. Future Outlook - The company anticipates continued growth opportunities despite potential risks related to macroeconomic conditions and regulatory changes[7]. - The company expects to recognize revenue on substantially all remaining performance obligations by December 31, 2032[44]. Other Financial Metrics - The company reported a comprehensive income of $27.249 million for the three months ended September 30, 2025, compared to $2.923 million in the same period of 2024[18]. - Total other income, net for the three months ended September 30, 2025, was $3.544 million, compared to $4.197 million in the same period of 2024[102]. - The estimated annual effective tax rate (AETR) decreased significantly due to the 2025 Tax Act, impacting expected cash tax payments for fiscal 2026[96]. - The company maintained a full valuation allowance on its net deferred tax assets, with a potential release depending on future taxable income generation[95].