Ribbon Communications Inc. balance sheet

At the end of fiscal 2025, Ribbon Communications Inc. had total assets of $1.21bn, total liabilities of $763m and shareholders' equity of $449m. It held $96.4m in cash against $342m of debt: net debt of $246m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Ribbon Communications Inc.: balance sheet, annual
Fiscal year	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash and equivalents	50	32	57	44	45	128	104	67	26	88	96	40
Receivables	—	54	165	188	193	238	283	267	268	255	232	246
Inventory	—	18	21	23	15	46	54	75	78	79	79	86
Total current assets	—	178	282	278	279	448	481	478	419	464	454	427
Goodwill	40	49	336	384	225	417	301	301	301	301	301	301
Total assets	—	308	911	957	815	1,547	1,348	1,256	1,144	1,163	1,212	1,151
Accounts payable	—	7	46	45	31	63	97	96	85	88	80	94
Deferred revenue (current)	—	44	101	105	100	97	109	114	113	119	124	112
Total current liabilities	—	77	243	290	207	328	344	330	341	329	315	323
Short-term debt	—	—	—	0	3	16	20	20	35	6	9	11
Long-term debt	—	—	20	0	46	369	350	306	197	331	325	317
Total debt	0	0	40	110	56	388	370	330	235	348	342	366
Total liabilities	—	89	295	367	332	860	821	737	691	758	763	762
Shareholders' equity	223	219	615	590	483	687	527	518	453	405	449	389
Net debt (negative = net cash)	−50	−32	−17	66	12	260	266	263	209	260	246	325
Shares outstanding	—	49m	—	107m	110m	145m	149m	168m	172m	176m	176m	179m

US$ millions unless shown otherwise. Fiscal quarters.

Ribbon Communications Inc.: balance sheet, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Receivables	255	225	249	218	232	204	220	246
Inventory	79	80	80	80	79	81	88	86
Total current assets	464	425	434	418	454	408	406	427
Goodwill	301	301	301	301	301	301	301	301
Total assets	1,163	1,137	1,142	1,105	1,212	1,160	1,143	1,151
Accounts payable	88	81	89	77	80	77	87	94
Deferred revenue (current)	119	117	115	107	124	123	118	112
Total current liabilities	329	305	314	292	315	299	309	323
Short-term debt	6	7	9	9	9	9	9	11
Long-term debt	331	329	328	326	325	323	321	317
Total debt	337	337	336	335	333	332	329	328
Total liabilities	758	756	772	745	763	741	750	762
Shareholders' equity	405	382	370	360	449	419	393	389
Shares outstanding	176m	176m	177m	176m	176m	176m	179m	179m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Ribbon Communications Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Ribbon Communications Inc.