NASDAQ : RBBN

Ribbon Communications Inc. — Financial statements

Technology · Software - Application · United States

Last price 1.55 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 277.72M

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Financial statements

Ribbon Communications Inc. (RBBN) reported revenue of 800.98M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.

Income statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Revenue800.98M844.56M833.88M826.34M819.76M844.96M
Cost of Revenue396.46M403.51M369.48M389.97M387.28M361.95M
Gross Profit404.51M441.05M464.40M436.37M432.48M483.00M
Selling, General & Admin197.42M197.31M206.57M192.42M198.82M203.94M
Research & Development178.44M178.87M179.94M190.66M203.68M194.95M
Amortization of Goodwill & Intangibles40.29M44.19M50.86M56.89M61.19M66.63M
Operating Expenses416.15M420.38M437.37M439.97M463.68M465.51M
Operating Income-11.64M20.67M27.03M-3.60M-31.20M17.49M
Interest Expense-43.41M-44.92M-34.15M-27.32M-19.78M-15.83M
Interest & Investment Income773.00K913.00K328.00K
Currency Exchange Gain (Loss)-4.90M-3.70M-5.70M-1.60M-5.00M
Other Non Operating Income (Expenses)5.67M5.93M-23.42M-3.77M-42.90M5.28M
EBT Excluding Unusual Items-53.51M-21.11M-35.91M-34.69M-95.48M1.94M
Merger & Restructuring Charges-17.38M-24.00M-10.16M-20.68M-17.12M-19.29M
Impairment of Goodwill-116.00M
Gain (Loss) on Sale of Investments-74.80M
Pretax Income-70.89M-45.11M-46.07M-55.37M-112.60M-208.14M
Income Tax Expense-89.48M-84.75M8.17M10.83M-14.52M-30.96M
Net Income18.59M39.64M-54.23M-66.21M-98.08M-177.19M
Net Income to Common18.59M39.64M-54.23M-66.21M-98.08M-177.19M
Shares Outstanding (Basic)176.88M176.20M174.04M170.41M156.67M147.57M
Shares Outstanding (Diluted)180.50M179.82M174.04M170.41M156.67M147.57M
EPS (Basic)0.110.22-0.31-0.39-0.63-1.20
EPS (Diluted)0.100.22-0.31-0.39-0.63-1.20
Free Cash Flow-29.11M26.06M27.83M7.71M-36.62M2.05M
Free Cash Flow Per Share-0.160.140.160.04-0.230.01
Gross Margin50.50%52.22%55.69%52.81%52.76%57.16%
Operating Margin-1.45%2.45%3.24%-0.44%-3.81%2.07%
Profit Margin2.32%4.69%-6.50%-8.01%-11.96%-20.97%
Free Cash Flow Margin-3.64%3.08%3.34%0.93%-4.47%0.24%
EBITDA46.54M81.59M91.43M67.40M45.28M101.08M
EBITDA Margin5.81%9.66%10.96%8.16%5.52%11.96%
D&A For EBITDA58.18M60.92M64.40M71.00M76.48M83.59M
EBIT-11.64M20.67M27.03M-3.60M-31.20M17.49M
EBIT Margin-1.45%2.45%3.24%-0.44%-3.81%2.07%
Revenue as Reported800.98M844.56M833.88M826.34M819.76M844.96M
Advertising Expenses1.40M1.70M1.20M1.50M1.60M

Balance sheet

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Cash & Equivalents40.38M96.41M87.77M26.49M67.26M103.92M
Trading Asset Securities13.21M
Cash & Short-Term Investments40.38M96.41M87.77M26.49M80.47M103.92M
Receivables246.23M231.88M254.72M268.42M267.24M282.92M
Inventory86.41M78.81M79.18M77.52M75.42M54.04M
Restricted Cash1.97M1.73M2.71M136.00K2.57M
Other Current Assets52.05M45.66M39.29M46.15M54.84M37.55M
Total Current Assets427.05M454.49M463.66M418.72M477.99M480.99M
Property, Plant & Equipment101.34M111.80M94.91M81.60M89.72M100.83M
Long-Term Investments12.22M47.80M
Goodwill300.89M300.89M300.89M300.89M300.89M300.89M
Other Intangible Assets114.57M143.34M187.54M238.09M294.73M350.73M
Long-Term Deferred Tax Assets180.15M174.32M88.98M69.76M53.65M47.29M
Long-Term Deferred Charges768.00K881.00K1.13M557.00K798.00K
Other Long-Term Assets25.81M26.54M25.44M34.53M25.57M19.21M
Total Assets1.15B1.21B1.16B1.14B1.26B1.35B
Accounts Payable94.08M79.84M87.76M85.16M95.81M97.12M
Accrued Expenses73.57M52.26M61.29M53.38M43.19M52.41M
Short-Term Debt15.00M
Current Portion of Long-Term Debt10.94M8.75M6.12M35.10M20.06M20.06M
Current Portion of Leases11.20M11.70M9.44M15.74M15.42M17.91M
Current Income Taxes Payable5.29M5.54M6.36M8.38M8.15M
Current Unearned Revenue112.45M124.42M119.30M113.38M113.94M109.12M
Other Current Liabilities99.00K32.96M38.60M29.92M33.93M47.84M
Total Current Liabilities322.63M315.47M328.87M341.07M330.49M344.45M
Long-Term Debt316.94M324.52M330.73M250.82M306.27M350.22M
Long-Term Leases55.61M60.16M37.38M38.71M46.18M55.26M
Long-Term Unearned Revenue36.86M31.65M20.99M19.22M19.25M20.62M
Pension & Post-Retirement Benefits8.24M8.37M7.41M6.38M11.17M
Long-Term Deferred Tax Liabilities5.73M5.73M5.94M5.62M3.75M8.12M
Other Long-Term Liabilities24.09M17.48M25.66M28.54M24.81M30.73M
Total Liabilities761.86M763.26M757.93M691.39M737.14M820.57M
Common Stock18.00K18.00K18.00K17.00K17.00K15.00K
Additional Paid-In Capital1.99B1.98B1.97B1.96B1.94B1.88B
Retained Earnings-1.61B-1.53B-1.57B-1.52B-1.45B-1.36B
Comprehensive Income & Other6.18M6.57M8.08M13.79M30.59M7.58M
Shareholders' Equity388.72M448.99M404.62M452.76M518.43M527.17M
Total Liabilities & Equity1.15B1.21B1.16B1.14B1.26B1.35B
Total Debt409.68M405.13M383.67M340.37M387.93M443.44M
Net Cash (Debt)-369.30M-308.73M-295.90M-313.88M-307.45M-339.53M
Net Cash Per Share-2.05-1.72-1.70-1.84-1.96-2.30
Filing Date Shares Outstanding179.17M175.60M175.72M172.46M169.23M148.96M
Total Common Shares Outstanding178.93M175.78M175.60M172.08M168.32M148.90M
Working Capital104.42M139.01M134.79M77.64M147.49M136.54M
Book Value Per Share2.172.552.302.633.083.54
Tangible Book Value-26.74M4.76M-83.81M-86.22M-77.19M-124.46M
Tangible Book Value Per Share-0.150.03-0.48-0.50-0.46-0.84
Machinery101.32M87.72M80.51M79.84M77.96M
Leasehold Improvements59.23M54.85M36.38M35.45M34.64M

Cash flow statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Net Income18.59M39.64M-54.23M-66.21M-98.08M-177.19M
Depreciation & Amortization58.18M60.92M64.40M71.00M76.48M83.59M
Other Amortization2.95M2.80M4.85M3.24M2.31M4.76M
Loss (Gain) From Sale of Assets-62.00K-2.77M
Asset Writedown & Restructuring Costs116.00M
Loss (Gain) From Sale of Investments-8.20M-5.58M41.29M71.25M
Stock-Based Compensation21.29M19.41M16.09M21.81M18.71M19.42M
Other Operating Activities-91.81M-87.94M-4.23M-11.26M-16.68M-40.59M
Change in Accounts Receivable-29.48M20.03M12.42M5.73M14.29M-47.28M
Change in Inventory-10.88M234.00K-3.62M-10.70M-32.10M-9.03M
Change in Accounts Payable17.80M-3.26M-6.02M-10.50M-448.00K34.48M
Change in Unearned Revenue12.87M15.79M7.69M-593.00K3.46M6.90M
Change in Other Net Operating Assets-18.18M-16.22M21.09M20.15M-35.53M-40.37M
Operating Cash Flow-18.68M51.40M50.24M17.09M-26.36M19.18M
Capital Expenditures-10.44M-25.34M-22.41M-9.38M-10.25M-17.13M
Divestitures1.42M2.94M
Sale (Purchase) of Intangibles-553.00K-462.00K-100.00K-3.30M
Investing Cash Flow-10.99M-25.34M-22.87M-9.48M-12.14M-14.19M
Short-Term Debt Issued44.11M97.00M73.62M
Long-Term Debt Issued342.30M53.35M74.62M
Total Debt Issued50.00M386.41M150.35M73.62M74.62M
Short-Term Debt Repaid-44.11M-97.00M-73.62M
Long-Term Debt Repaid-6.12M-294.00M-95.06M-45.65M-93.08M
Total Debt Repaid-43.75M-6.12M-338.10M-192.06M-119.28M-93.08M
Net Debt Issued (Repaid)6.25M-6.12M48.30M-41.71M-45.65M-18.45M
Issuance of Common Stock6.00K21.00K15.00K52.07M24.00K
Repurchase of Common Stock-9.67M-13.31M-4.31M-4.48M-2.78M-14.46M
Other Financing Activities-977.00K-6.31M-1.69M-2.70M-789.00K
Financing Cash Flow-4.39M-19.43M37.71M-47.86M931.00K-33.68M
Foreign Exchange Rate Adjustments-351.00K1.03M-1.23M-379.00K-1.65M-523.00K
Net Cash Flow-34.41M7.65M63.85M-40.63M-39.22M-29.21M
Free Cash Flow-29.11M26.06M27.83M7.71M-36.62M2.05M
Free Cash Flow Margin-3.64%3.08%3.34%0.93%-4.47%0.24%
Free Cash Flow Per Share-0.160.140.160.04-0.230.01
Levered Free Cash Flow7.96M42.16M97.42M67.74M20.17M46.13M
Unlevered Free Cash Flow32.14M67.44M113.92M81.57M30.23M51.26M
Cash Interest Paid36.40M38.00M32.97M25.57M19.34M14.87M
Cash Income Tax Paid8.19M10.52M27.73M17.27M15.74M12.96M
Change in Working Capital-27.87M16.58M31.57M4.08M-50.33M-55.29M

Ratios

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Market Capitalization277.72M508.75M729.60M498.02M469.06M899.18M
Enterprise Value647.02M842.20M1.07B823.55M798.11M1.25B
Last Close Price1.552.884.162.902.796.05
PE Ratio15.5112.84
Forward PE26.5911.6015.529.0621.8812.78
PS Ratio0.350.600.880.600.571.06
PB Ratio0.711.131.801.100.911.71
P/TBV Ratio106.93
P/FCF Ratio19.5226.2164.63438.62
P/OCF Ratio9.9014.5229.1546.88
PEG Ratio0.910.780.450.550.55
EV/Sales Ratio0.811.001.291.000.971.48
EV/EBITDA Ratio13.9010.3211.7412.2217.6312.40
EV/EBIT Ratio40.7439.7171.68
EV/FCF Ratio32.3238.57106.87611.52
Debt / Equity Ratio1.050.900.950.750.750.84
Debt / EBITDA Ratio5.083.553.093.374.833.26
Debt / FCF Ratio15.5513.7844.17216.31
Net Debt / Equity Ratio0.950.690.730.690.590.64
Net Debt / EBITDA Ratio7.933.783.244.666.793.36
Net Debt / FCF Ratio-12.6911.8510.6340.73-8.40165.62
Asset Turnover0.710.710.720.690.630.58
Inventory Turnover4.765.114.725.105.987.25
Quick Ratio0.891.041.040.861.051.12
Current Ratio1.321.441.411.231.451.40
Return on Equity (ROE)4.96%9.29%-12.65%-13.63%-18.76%-29.19%
Return on Assets (ROA)-0.65%1.09%1.47%-0.19%-1.50%0.76%
Return on Invested Capital (ROIC)-1.55%2.83%3.69%-0.45%-3.69%1.83%
Return on Capital Employed (ROCE)-1.40%2.30%3.20%-0.40%-3.40%1.70%
Earnings Yield6.45%7.79%-7.43%-13.29%-20.91%-19.71%
FCF Yield-10.48%5.12%3.82%1.55%-7.81%0.23%
Buyback Yield / Dilution-2.49%-3.32%-2.13%-8.77%-6.16%-2.02%