Stock Analysis

Stock Analysis · Liveramp Holdings Inc (RAMP)

Overview

LiveRamp Holdings Inc. is a technology company focused on helping organizations use data for marketing, measurement, and analytics while aiming to protect consumer privacy. In simple terms, it provides software that helps companies “connect” information coming from different places (for example, a brand’s website, mobile app, customer relationship tools, and advertising platforms) so they can understand audiences and measure results across channels.

LiveRamp is best known for its identity and connectivity capabilities, which are designed to work across many partners in the advertising and marketing ecosystem. This position as an “intermediary” can matter because modern marketing often involves multiple platforms, and privacy rules have made it harder to match people and devices in consistent ways.

In its financial reporting, LiveRamp primarily describes revenue as coming from subscriptions to its software and services, with professional services typically a smaller component. A simple way to think about the revenue model is recurring software fees (the core) plus services that support implementations and specific customer needs.

Main sources of revenue (typical structure based on company reporting categories):

Subscription revenue (recurring fees for access to the platform and its capabilities)
Services revenue (implementation, support, and other professional services)

Percentages can vary by period; the company’s filings are the appropriate reference for the exact split in the most recent fiscal year.

Across recent fiscal years, total revenue has risen meaningfully (from about $443M in FY2021 to about $746M in FY2025). Over the same span, operating income moved from negative to positive, which suggests the company has been working to balance growth investments (like research and development) with a path toward profitability.

Key Figures

Metric	Value	Industry ⓘ
Date	Feb 08, 2026
Context
Sector	Technology
Industry	Software - Infrastructure
Market Cap ⓘ	$1.48B
Beta ⓘ	1.15
Fundamental
P/E Ratio ⓘ	22.32	25.67
Profit Margin ⓘ	8.64%	6.91%
Revenue Growth ⓘ	8.60%	15.20%
Debt to Equity ⓘ	3.53%	19.82%
PEG ⓘ	0.59
Free Cash Flow ⓘ	$169.25M

LiveRamp’s market capitalization is about $1.48B, and its beta of 1.15 indicates the stock has tended to move somewhat more than the broader market. The latest P/E ratio shown is 22.3 versus an industry median near 25.7, while the latest net profit margin is about 8.6% (industry median roughly 6.9%). Year-over-year revenue growth is about 8.6%, below the industry median near 15.2%. Debt-to-equity is about 3.5%, which is notably lower than the industry median near 19.8%. Trailing twelve-month free cash flow is about $169M, indicating the business has recently generated cash after operating costs and capital spending.

Growth (Medium)

LiveRamp operates in marketing technology and data infrastructure—areas influenced by long-term trends such as digital advertising, the need to measure marketing outcomes across many channels, and increasing privacy regulation. As third-party tracking becomes more constrained, many organizations have placed more emphasis on using their own customer relationships and consent-based data, which generally increases the value of tools that can connect systems and support privacy-conscious identity resolution.

The company’s strategy is centered on being broadly interoperable across many platforms (rather than being tied to a single “walled garden”). If successful, that approach can remain relevant as marketing stacks change, because customers typically want flexibility to work with multiple partners and avoid being locked into one ecosystem.

Recent year-over-year revenue growth has generally been positive, with growth rates moving from higher levels earlier in the period (around the high teens to low 20% range in parts of 2021–2022) to more moderate levels more recently (roughly high single digits in the latest period shown). That pattern can be interpreted as a shift from earlier expansion to a more mature growth pace, or it may reflect changing customer spending conditions and product mix over time.

Free cash flow has improved substantially over the period shown, from negative levels in 2021 to more consistently positive levels later, reaching about $155M–$169M in the most recent years shown. For a software-oriented business, sustained positive free cash flow can increase financial flexibility, because it can help fund product development and operations without relying as much on external financing.