Rambus Inc income statement
In fiscal 2025, Rambus Inc reported revenue of $708m, up 27.1% on the year before, operating income of $260m (a 36.8% margin) and net income of $230m, or $2.11 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 | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 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 | 113 | 323 | 312 | 234 | 272 | 297 | 296 | 337 | 393 | 231 | 228 | 246 | 328 | 455 | 461 | 557 | 708 | 796 |
| Cost of revenue | 7 | 7 | 24 | 28 | 33 | 42 | 33 | 46 | 55 | 54 | 51 | 61 | 70 | 108 | 103 | 110 | 144 | 166 |
| Gross profit | 106 | 316 | 288 | 206 | 238 | 255 | 263 | 291 | 338 | 178 | 176 | 186 | 258 | 347 | 358 | 447 | 563 | 630 |
| Research and development | 67 | 93 | 116 | 141 | 118 | 110 | 111 | 130 | 149 | 158 | 157 | 140 | 136 | 159 | 157 | 163 | 188 | 200 |
| Selling, general and administrative | 128 | 119 | 164 | 113 | 76 | 75 | 71 | 95 | 111 | 98 | 101 | 86 | 91 | 107 | 108 | 104 | 115 | 138 |
| Operating income | −76 | 227 | −2 | −90 | 22 | 75 | 71 | 34 | 54 | −87 | −100 | −44 | 24 | 77 | 154 | 183 | 260 | 289 |
| Interest expense | 21 | 20 | 25 | 28 | 33 | 25 | 12 | 13 | 14 | 16 | 10 | 10 | 11 | 2 | 1 | 1 | 1 | 1 |
| Net interest income | −17 | −19 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Income before tax | −93 | 208 | −26 | −118 | −12 | 50 | 60 | 23 | 41 | −71 | −83 | −37 | 23 | −8 | 187 | 200 | 282 | 316 |
| Income tax | −1 | 57 | 17 | 16 | 22 | 24 | −151 | 16 | 64 | 87 | 3 | 4 | 5 | 6 | −147 | 20 | 52 | 50 |
| Net income | −92 | 151 | −43 | −134 | −34 | 26 | 211 | 7 | −23 | −158 | −86 | −40 | 18 | −14 | 334 | 180 | 230 | 266 |
| Diluted EPS | −$0.88 | $1.30 | — | −$1.21 | −$0.30 | $0.22 | $1.80 | $0.06 | −$0.21 | −$1.46 | −$0.77 | −$0.36 | $0.16 | −$0.13 | $3.01 | $1.65 | $2.11 | $2.42 |
| Diluted shares (average) | 105m | 116m | 110m | 111m | 112m | 118m | 117m | 113m | 110m | 108m | 111m | 113m | 115m | 109m | 111m | 109m | 109m | 110m |
| EBITDA | −65 | 237 | 10 | −77 | 38 | 89 | 84 | 47 | 68 | −76 | −85 | −22 | 45 | 86 | 164 | 193 | 272 | 301 |
| 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 | 161 | 167 | 172 | 179 | 190 | 180 | 207 | 218 |
| Cost of revenue | 32 | 33 | 35 | 37 | 40 | 37 | 42 | 47 |
| Gross profit | 130 | 134 | 137 | 142 | 150 | 144 | 165 | 171 |
| Research and development | 44 | 43 | 46 | 50 | 49 | 50 | 51 | 49 |
| Selling, general and administrative | 28 | 28 | 28 | 29 | 30 | 32 | 38 | 38 |
| Operating income | 58 | 63 | 63 | 63 | 71 | 62 | 73 | 84 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income before tax | 62 | 68 | 68 | 69 | 77 | 69 | 79 | 91 |
| Income tax | 0 | 7 | 10 | 21 | 13 | 9 | 12 | 16 |
| Net income | 62 | 60 | 58 | 48 | 64 | 60 | 68 | 75 |
| Diluted EPS | $0.57 | $0.56 | $0.53 | $0.44 | $0.58 | $0.55 | $0.61 | $0.69 |
| EBITDA | 61 | 66 | 66 | 66 | 74 | 65 | 76 | 87 |
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