Filing Flows › LiveRamp Holdings (RAMP) › Q1 FY26
LiveRamp Holdings (RAMP) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Aug 6, 2025
LiveRamp Holdings (RAMP) reported revenue of $195M for the first quarter fiscal 2026 (Q1 FY26), +11% from a year earlier and +3% from the quarter before. Operating margin was 3.7%, net earnings $7.7M (4.0% of revenue).
LiveRamp Holdings, Q1 FY26: revenue $195M (+11% year over year), operating margin 3.7%, net earnings $7.7M, operating cash flow −$15.8M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $195M | +3% | +11% |
| Gross profit | $137M | +4% | +10% |
| Operating profit | $7.2M | — | — |
| Net earnings | $7.7M | — | — |
| Operating cash flow | −$15.8M | -125% | — |
What changed
Revenue was $194.8M in Q1 FY26, up 11% year over year and up 3% from the previous quarter. Subscription was the largest line at 76% of revenue. Subscription added $13.6M year over year (up 10%), 72% of the total change.
Gross margin was 70.1%, down 0.5 points from a year earlier. Operating profit was $7.2M, a 3.7% margin (up 6.7 points year over year). Operating expenses fell 0% while revenue rose 11%. The fastest-growing cost line was General & admin (+21%). Net earnings were $7.7M. The effective tax rate was 29.1%. Non-operating items added $3.7M, 34% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$15.8M. Non-cash charges added back $3.4M of depreciation and amortization and $25.4M of share-based compensation. Working capital and other items used $52.4M. Capital expenditures of $336K exceeded it, leaving free cash flow of −$16.2M.
Questions
What was LiveRamp Holdings' revenue in the first quarter fiscal 2026?
LiveRamp Holdings (RAMP) reported revenue of $195M for the first quarter fiscal 2026 (Q1 FY26), +11% from a year earlier and +3% from the quarter before.
Was LiveRamp Holdings profitable in the first quarter fiscal 2026?
Operating profit was $7.2M (3.7% of revenue) and net earnings $7.7M.
Source: LiveRamp Holdings 10-Q on SEC EDGAR.