15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 23.5% per year over the past 5 years.
Operating margin has expanded, at 36.8% in the latest year.
Free cash flow has grown 16.4% per year over the past 5 years.
Financial health
Operating income covered interest expense 190× in the latest year.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$708M
$230M
79.6%
36.8%
$333M
—
$183M
2024
$557M
$180M
80.2%
32.9%
$200M
—
$100M
2023
$461M
$334M
77.6%
33.3%
$173M
—
$95M
2022
$455M
-$14M
76.3%
16.9%
$213M
—
$125M
2021
$328M
$18M
78.6%
7.4%
$195M
—
$108M
2020
$246M
-$40M
75.3%
-17.9%
$156M
—
$129M
2019
$228M
-$86M
77.4%
-44.0%
$122M
—
$102M
2018
$231M
-$158M
76.8%
-37.6%
$75M
—
$116M
2017
$393M
-$23M
85.9%
13.8%
$108M
—
$226M
2016
$337M
$7M
86.4%
10.0%
$87M
—
$135M
2015
—
$211M
—
—
$71M
—
$144M
2014
—
$26M
—
—
$69M
—
$154M
2013
—
-$34M
—
—
—
—
$339M
2012
—
-$134M
—
—
—
—
$149M
2010
—
$151M
—
—
$209M
—
$215M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$180M
$60M
79.7%
34.3%
$72M
—
$134M
Dec '25
$190M
$64M
78.9%
37.2%
$93M
—
$183M
Sep '25
$179M
$48M
79.5%
35.4%
$82M
—
$79M
Jun '25
$172M
$58M
79.8%
36.6%
$88M
—
$88M
Mar '25
$167M
$60M
80.3%
37.9%
$70M
—
$132M
Dec '24
$161M
$62M
80.4%
35.9%
$52M
—
$100M
Sep '24
$146M
$49M
80.7%
37.6%
$52M
—
$114M
Jun '24
$132M
$36M
79.7%
30.5%
$59M
—
$125M
Mar '24
$118M
$33M
79.9%
25.6%
$36M
—
$113M
Dec '23
$122M
$59M
80.3%
28.7%
$54M
—
$95M
Sep '23
$105M
$103M
77.2%
99.6%
$44M
—
$132M
Jun '23
$120M
$169M
80.3%
9.8%
$44M
—
$122M
Mar '23
$114M
$3M
72.2%
1.7%
$31M
—
$100M
Dec '22
$122M
$16M
72.7%
13.2%
$46M
—
$125M
Sep '22
$112M
$939000
76.0%
15.1%
$74M
—
$142M
Jun '22
$121M
$35M
79.5%
29.4%
$52M
—
$171M
Mar '22
$99M
-$66M
77.4%
8.4%
$41M
—
$179M
Dec '21
$92M
$6M
80.7%
9.8%
$66M
—
$108M
Sep '21
$81M
$4M
77.3%
5.8%
$44M
—
$152M
Jun '21
$85M
$11M
80.1%
16.6%
$50M
—
$205M
Valuation over time
How the market has priced RMBS against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 22.2× (Jan '24) to 58.2× (Jun '26).
The price-to-sales ratio has risen from 12.2× (Mar '23) to 19.0× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is RMBS growing its revenue and profit?
Over the past 5 years, Rambus Inc's revenue has grown 23.5% per year. These are computed facts, not advice.
How much debt does RMBS have?
As of FY2025, Rambus Inc reported — of total debt against $183M of cash; operating income covered interest expense 190×.
What is RMBS's profit margin?
In FY2025, gross margin was 79.6%, operating margin 36.8%, and net margin 32.6%.
What is RMBS's P/E ratio?
As of Jun '26, Rambus Inc traded at a price-to-earnings ratio of about 58.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.