Rambus
RMBS Nasdaq· Semiconductors
Last close · Oct 26, 2026
$90.32
KIRA · Stoqly’s AI analyst, in plain words
- Rambus had $708M of revenue in fiscal 2025, up 27.1% on the year before. Over five years, revenue changed +23.5% a year on average.
- Its operating margin was 36.8%, up 3.9 pts: of every 100 in sales, about 37 is left after running the business.
- Rambus made $231M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 48.5% a year.
- Free cash flow was $333M in fiscal 2025, 47.1% of revenue.
- Rambus returned $7.1M to shareholders in fiscal 2025, 2% of free cash flow. The diluted share count rose 0.2%.
- Rambus has $762M more cash than debt.
Market cap
$9.9B
P/E
43.0x
Revenue
$708M
Net income
$231M
Free cash flow
$333M
Operating margin
36.8%
Rambus in 30 seconds · fiscal 2025
Are sales growing?
+27.1%
Yes. Sales grew 27.1% last year.
Does it make a profit?
32.6%
Yes. It keeps 32.6% of every sale as profit.
Does profit turn into cash?
47.1%
Yes. 47.1% of sales ends up as free cash.
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
How is the share priced?
43.0x
One share costs 43.0 times its yearly profit per share. Typical for its sector: 33.0x.
What Rambus does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 18, 2026
- Legal name
- RAMBUS INC
- CIK
- 0000917273
Rambus · RMBS
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $328M | $455M | $461M | $557M | $708M |
| Revenue growth | 33.3% | 38.5% | 1.4% | 20.7% | 27.1% |
| Gross margin | 78.6% | 76.4% | 77.6% | 80.2% | 79.6% |
| Operating margin | 7.4% | 16.9% | 33.3% | 32.9% | 36.8% |
| Net income | $18.3M | −$14.3M | $334M | $180M | $231M |
| Net margin | 5.6% | −3.2% | 72.4% | 32.3% | 32.6% |
| Diluted EPS | $0.16 | −$0.13 | $3.01 | $1.65 | $2.11 |
| Cash | |||||
| Cash from operations | $209M | $230M | $196M | $231M | $360M |
| Capital expenditure | $13.8M | $17.5M | $23.2M | $30.7M | $26.8M |
| Free cash flow | $195M | $213M | $173M | $200M | $333M |
| FCF margin | 59.5% | 46.8% | 37.4% | 35.9% | 47.1% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $100M | $100M | $101M | $113M | $7.1M |
| Share count change | 1.4% | −4.7% | 1.3% | −1.7% | 0.2% |
| Debt and strength | |||||
| Cash and short-term investments | $486M | $313M | $426M | $482M | $762M |
| Debt incl. finance leases | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | $862M | $779M | $1.0B | $1.1B | $1.4B |
| Current ratio | 2.6x | 4.2x | 7.1x | 8.4x | 8.2x |
| Interest coverage | 2.3x | 41.1x | 103.1x | 129.2x | 189.5x |
| Returns and quality | |||||
| Return on capital | 4.1% | 14.4% | 28.5% | 26.3% | 34.3% |
| Return on equity | 2.1% | −1.7% | 36.8% | 16.7% | 18.6% |
| Piotroski F-score | 7 | 5 | 6 | 6 | 5 |
| Altman Z'' | 3.7 | 5.0 | 7.9 | 8.8 | 13.7 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$21.0M
10 insiders
Of sales under plans
41%
$8.7M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Rambus · RMBS
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Rambus RMBS | $9.9B | 27.1% | 36.8% | 47.1% | 34.3% | 43.0x | 5 |
| Universal Display OLED | $4.1B | 0.5% | 38.2% | 23.7% | 17.9% | 21.4x | 3 |
| Silicon Labs SLAB | $7.3B | 34.3% | −9.0% | 8.4% | −7.0% | — | 5 |
| Allegro MicroSystems ALGM | $6.1B | 22.8% | 2.1% | 14.0% | 1.3% | — | 7 |
| Lattice Semiconductor LSCC | $13.8B | 2.7% | 2.2% | 25.3% | 1.0% | — | 6 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $90.32 a share, the company is worth $9.9B: 43.0 times its earnings of the last four quarters.
Rambus grew sales faster than 3 of its 4 similar companies. Its P/E is higher than 1 of 1.
Source: SEC EDGAR XBRL filings (CIK 0000917273). Data updated October 16, 2026. For information only — not investment advice. Check the original filings before relying on any figure.