LiveRamp (RAMP) Q4 2026 earnings summary

Executive summary

• Q4 revenue grew 9% year-over-year to $206 million, with subscription revenue up 9% and marketplace & other revenue up 11%.

• Q4 annual recurring revenue increased 8% year-over-year; subscription net retention improved to 107%.

• Fiscal year 2026 revenue reached $813 million, up 9% year-over-year, with record annual operating cash flow of $168 million.

• Entered a definitive agreement to be acquired by Publicis Groupe for $2.5 billion in an all-cash transaction, representing a 30% premium to the prior closing price.

Financial highlights

• Q4 GAAP gross profit was $146 million (71% margin), up 11%; non-GAAP gross profit was $149 million (72% margin), up 10%.

• Q4 GAAP operating income was $15 million (7% margin), compared to a $12 million loss last year; non-GAAP operating income was $40 million (20% margin), up 75%.

• Q4 GAAP diluted EPS was $1.12, benefiting from deferred tax valuation allowance release; non-GAAP diluted EPS was $0.52.

• FY26 GAAP operating income was $83 million (10% margin), up from $5 million; non-GAAP operating income was $182 million (22% margin), up 34%.

• FY26 GAAP diluted EPS was $2.24; non-GAAP diluted EPS was $2.27.

• Net cash from operating activities for FY26 was $168 million, up from $154 million.

• Share repurchases in FY26 totaled $194 million (7.1 million shares); $262 million remains authorized through 2027.

Outlook and guidance

• No financial guidance provided due to pending acquisition by Publicis Groupe.