RAMPLiveRamp Holdings, Inc.
Services-Computer Processing & Data Preparation
- Revenue
- $813M
- 9.0% YoY
- Operating margin
- 10.3%
- 1317% YoY
- EBITDA
- $97M
- 328% YoY
- Market cap
- $2.3B
- Employees
- 1,300
- $625K revenue each
- Net debt / EBITDA
- -3.8×
- −$364M net debt
- AI in 10-K
- 5.8
- mentions per 10K words
Takeover score 5 of 13
Fixable underperformance 3 of 7
- TSR below peersYes3 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$10M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo115% of net incomeCash flow under 80% of net income
- Dilutive SBCYes10% of revenueOver 10% of revenue
- Payouts exceed cash flowYes122% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo39% of assetsOver 40% of assets
- Shareholder dissentNo84% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeNo$625K · 64th pctBottom quartile of its SIC industry
- Quiet on AINo5.8 per 10K words · 85th pctBottom quartile of AI mentions in 10-Ks
- Net cashYesNet cash · 3.8× EBITDAMore cash than debt, positive EBITDA
- Buyout-sizedYes$2.3B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$170K netNet sales over $10M in 12 months
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $529M | $597M | $660M | $746M | $813M | 9.0% |
| Operating income | −$66M | −$126M | $11M | $5M | $83M | 1445% |
| Net income | −$34M | −$119M | $12M | −$1M | $146M | 14700% |
| Operating cash flow | $78M | $34M | $106M | $154M | $168M | 9.0% |
| Capex | $4M | $5M | $4M | $1M | $1M | 32% |
| Stock-based comp | $87M | $126M | $71M | $108M | $83M | 23% |
| Buybacks | $59M | $150M | $61M | $101M | $195M | 92% |
Deal filings
| Filed | Form | Acquirer | Price | Premium |
|---|---|---|---|---|
| Jul 6, 2026 | DEFM14A | MMS USA Holdings, Inc. | $38.50 | 30% |
| Jun 24, 2026 | PREM14A | Publicis Groupe S.A. | $38.50 | 30% |
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $170K · 1
- Net
- −$170K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $10M | $9M | 51 | 45 |
| FY2025 | $10M | $3M | 50 | 95 |
| FY2024 | $10M | $17M | 67 | 93 |
| FY2023 | $6M | $433K | 42 | 63 |
| FY2022 | $8M | $3M | 72 | 65 |