Thursday 5 November 2026 Export RMBS’s income statement to Excel — free account

Rambus, Inc.

Rambus, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $707.6 million, up 27.1% from fiscal 2024.

Revenue: +22.3%
EPS: +53.9%
Free cash flow: +16.2%

Quarter to September 2026, against a year earlier

Revenue growth 5 yrs

70.28 12.62 −15.22%

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Market cap: $8.9B
P/E: 28.7×
Fwd P/E: 33.2×
Dividend yield: —
F-score: 6/9
Altman Z: 37.69
Beneish M: −2.93
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Rambus, Inc. (RMBS) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Reportable segment	708	100.00%
Gross margin		79.59%
Operating margin		36.77%
Pre-tax margin		39.85%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Product revenue	348 49.14%	247 44.34%	225 48.71%	227 49.93%	144 43.84%	114 46.28%	73 32.06%	39 16.73%	37 9.29%	26 7.74%
Royalties	279 39.48%	226 40.63%	150 32.55%	140 30.74%	137 41.64%	85 34.33%	94 41.46%	130 56.42%	290 73.67%	265 78.61%
Contract and other revenue	80 11.38%	84 15.03%	86 18.73%	88 19.33%	48 14.52%	48 19.39%	60 26.48%	62 26.84%	67 17.04%	46 13.65%
Revenue	708	557	461	455	328	246	228	231	393	337

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010
Reportable segment	708 100.00%	557 100.00%	461 100.00%	455 100.00%	—	—	—	—	—	—	—	—	—
Mid	—	—	—	—	169 72.89%	281 71.41%	240 71.26%	222 74.92%	226 76.31%	232 85.47%	215 91.88%	292 93.50%	323 99.89%
RSD [Member]	—	—	—	—	60 26.05%	97 24.59%	76 22.63%	50 17.04%	49 16.63%	33 12.02%	18 7.61%	17 5.56%	—
Other Segments	—	—	—	—	2 1.06%	16 4.00%	21 6.11%	24 8.04%	21 7.06%	7 2.52%	1 0.51%	3 0.94%	0 0.11%
Cto	—	—	—	—	—	—	—	—	—	—	—	0 0.00%	0 0.00%
Revenue	708	557	461	455	231	393	337	296	297	272	234	312	323

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010
Segment Reconciling Items	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
South Korea	329 46.53%	198 35.48%	152 33.03%	7 1.59%	6 1.83%	4 1.49%	4 1.57%	13 5.80%	116 29.46%	130 38.49%	115 38.98%	107 36.23%	113 41.55%	89 38.01%	94 30.16%	182 56.24%	1 1.12%
Singapore	164 23.15%	67 12.09%	53 11.56%	57 12.60%	40 12.12%	28 11.38%	22 9.56%	19 8.28%	23 5.74%	18 5.32%	16 5.51%	13 4.38%	0 0.00%	—	—	—	—
United States	124 17.54%	201 36.19%	177 38.35%	278 61.08%	211 64.40%	138 55.87%	135 59.11%	130 56.04%	165 42.04%	121 36.01%	118 39.92%	109 36.78%	81 29.71%	63 27.09%	103 33.09%	24 7.28%	19 16.87%
Other	90 12.78%	90 16.23%	79 17.05%	112 24.73%	71 21.65%	—	—	—	—	—	—	—	—	—	—	—	—
Asia Other	—	—	—	—	—	26 10.66%	14 6.31%	3 1.50%	29 7.42%	12 3.50%	7 2.26%	8 2.75%	3 1.11%	5 2.14%	0 0.11%	0 0.05%	0 0.14%
Taiwan	—	—	—	—	—	22 8.85%	24 10.60%	22 9.41%	10 2.53%	6 1.91%	—	—	—	—	—	—	—
Japan	—	—	—	—	—	20 8.30%	15 6.79%	23 10.04%	23 5.95%	30 8.98%	30 10.02%	30 10.27%	51 18.84%	64 27.21%	98 31.29%	117 36.21%	92 81.37%
Europe	—	—	—	—	—	7 2.99%	10 4.51%	16 6.78%	23 5.75%	16 4.76%	10 3.25%	21 7.20%	16 5.89%	5 2.24%	2 0.64%	0 0.05%	0 0.21%
California	—	—	—	—	—	1 0.47%	4 1.56%	5 2.15%	4 1.11%	3 1.03%	0 0.07%	7 2.40%	8 2.91%	8 3.32%	15 4.72%	1 0.18%	0 0.29%
Revenue	708	557	461	455	328	246	228	231	393	337	296	297	272	234	312	323	113

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Licensing billings	Q1 FY2026	$70.8M	$73.3M	−3.41%
Remaining performance obligations	Q3 FY2026	$42.9M	$23.9M	+79.50%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023	Q2 FY2023	Q1 FY2023	Q4 FY2022	Q3 FY2022	Q2 FY2022	Q1 FY2022	Q4 FY2021	Q3 FY2021	Q2 FY2021	Q1 FY2021	Q4 FY2020	Q3 FY2020	Q2 FY2020	Q1 FY2020	Q4 FY2019	Q3 FY2019	Q2 FY2019	Q1 FY2019	Q4 FY2018	Q3 FY2018	Q2 FY2018	Q1 FY2018
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.