Ribbon Communications Inc. Reports Third Quarter 2025 Financial Results

Core Insights - Ribbon Communications reported a year-over-year revenue growth of 2% for Q3 2025, with a year-to-date increase of 6% [2] - The IP Optical Networks segment saw a significant sales increase of 11% year-over-year, particularly in the EMEA and India regions [2] - The introduction of the Acumen AIOps platform marks a strategic innovation aimed at enhancing service providers' operational efficiency [2] Financial Highlights - Q3 2025 GAAP revenue was $215 million, compared to $210 million in Q3 2024 [6] - GAAP net loss for Q3 2025 was $12 million, an improvement from a loss of $13 million in Q3 2024 [6] - Non-GAAP adjusted EBITDA for Q3 2025 was $29 million, slightly down from $30 million in Q3 2024 [6] Business Outlook - For Q4 2025, the company projects revenue between $230 million and $250 million, with a non-GAAP gross margin expected to be in the range of 55% to 56% [3] - Adjusted EBITDA for Q4 2025 is projected to be between $42 million and $48 million [3] Operational Performance - Cash flow from operations for Q3 2025 was $26 million, with a closing cash balance of $77 million, up $14 million from Q2 2025 [2] - The company maintained a net debt leverage ratio of 2.2 times at the end of Q3 2025 [2] Segment Performance - Cloud & Edge sales increased by over 8% year-to-date, with continued growth in sales to Global Service Providers [2] - The company experienced minor impacts from the U.S. Federal Government shutdown, but ongoing voice modernization projects are progressing [2]