Ribbon Communications Inc. income statement
In fiscal 2025, Ribbon Communications Inc. reported revenue of $845m, up 1.3% on the year before, operating income of −$3.3m (a -0.4% margin) and net income of $39.6m, or $0.22 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 249 | 253 | 330 | 578 | 563 | 844 | 845 | 820 | 826 | 834 | 845 | 801 |
| Cost of revenue | 87 | 85 | 128 | 231 | 246 | 393 | 400 | 419 | 418 | 394 | 424 | 414 |
| Gross profit | 162 | 168 | 201 | 347 | 317 | 451 | 445 | 401 | 408 | 440 | 421 | 387 |
| Research and development | 78 | 73 | 101 | 145 | 141 | 195 | 195 | 204 | 191 | 180 | 179 | 178 |
| Selling and marketing | 73 | 69 | 83 | 118 | 106 | 139 | 150 | 148 | 137 | 138 | 133 | 134 |
| General and administrative | 40 | 36 | 48 | 66 | 54 | 63 | 54 | 51 | 55 | 69 | 64 | 63 |
| Operating income | −31 | −14 | −55 | −65 | −189 | 2 | −118 | −48 | −24 | 17 | −3 | −29 |
| Income before tax | −30 | −11 | −54 | −73 | −123 | 93 | −208 | −113 | −55 | −46 | −45 | −71 |
| Income tax | 2 | 3 | −18 | 3 | 7 | 5 | −31 | −15 | 11 | 8 | −85 | −89 |
| Net income | −32 | −14 | −35 | −77 | −130 | 89 | −177 | −98 | −66 | −54 | 40 | 19 |
| Diluted EPS | −$0.64 | −$0.28 | −$0.60 | −$0.74 | −$1.19 | $0.61 | −$1.20 | −$0.63 | −$0.39 | −$0.31 | $0.22 | $0.10 |
| Diluted shares (average) | 50m | 49m | 59m | 104m | 110m | 145m | 148m | 157m | 170m | 174m | 180m | 180m |
| EBITDA | — | — | — | −54 | −178 | 19 | −101 | −33 | −10 | 30 | 13 | −11 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 251 | 181 | 221 | 215 | 227 | 163 | 192 | 219 |
| Cost of revenue | 111 | 99 | 111 | 107 | 106 | 93 | 102 | 113 |
| Gross profit | 140 | 82 | 109 | 108 | 121 | 70 | 90 | 106 |
| Research and development | 45 | 44 | 45 | 46 | 45 | 44 | 45 | 44 |
| Selling and marketing | 37 | 32 | 33 | 33 | 36 | 32 | 33 | 33 |
| General and administrative | 17 | 15 | 17 | 16 | 16 | 17 | 15 | 15 |
| Operating income | 33 | −20 | 4 | 3 | 9 | −32 | −12 | 6 |
| Income before tax | 8 | −27 | −9 | −9 | −0 | −41 | −25 | −5 |
| Income tax | 2 | −1 | 2 | 3 | −89 | −6 | 2 | 5 |
| Net income | 6 | −26 | −11 | −12 | 89 | −34 | −27 | −9 |
| Diluted EPS | $0.04 | −$0.15 | −$0.06 | −$0.07 | $0.50 | −$0.20 | −$0.15 | −$0.05 |
| EBITDA | 37 | −16 | 9 | 7 | 14 | −27 | −8 | 10 |
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