Filing Flows › LiveRamp Holdings (RAMP) › Q2 FY26
LiveRamp Holdings (RAMP) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Nov 5, 2025
LiveRamp Holdings (RAMP) reported revenue of $200M for the second quarter fiscal 2026 (Q2 FY26), +8% from a year earlier and +3% from the quarter before. Operating margin was 10.7%, net earnings $27.4M (13.7% of revenue).
LiveRamp Holdings, Q2 FY26: revenue $200M (+8% year over year), operating margin 10.7%, net earnings $27.4M, operating cash flow $57.4M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $200M | +3% | +8% |
| Gross profit | $140M | +3% | +4% |
| Operating profit | $21.4M | +197% | +186% |
| Net earnings | $27.4M | +254% | 16× |
| Operating cash flow | $57.4M | — | +3% |
| Free cash flow | $56.8M | — | +3% |
What changed
Revenue was $199.8M in Q2 FY26, up 8% year over year and up 3% from the previous quarter.
Gross margin was 70.2%, down 2.2 points from a year earlier. Operating profit was $21.4M, a 10.7% margin (up 6.7 points year over year). Of the extra revenue versus a year earlier, 97% reached operating profit, above the 4% margin then. Operating expenses fell 6% while revenue rose 8%. Net earnings were $27.4M, up 1483% year over year. The effective tax rate was -9.8%.
Operating cash flow was $57.4M (up 3% year over year), 209% of net earnings. Non-cash charges added back $3.4M of depreciation and amortization and $20.5M of share-based compensation. Working capital and other items added $6.1M. After capital expenditures ($589K), free cash flow as the company reports it was $56.8M.
Questions
What was LiveRamp Holdings' revenue in the second quarter fiscal 2026?
LiveRamp Holdings (RAMP) reported revenue of $200M for the second quarter fiscal 2026 (Q2 FY26), +8% from a year earlier and +3% from the quarter before.
Was LiveRamp Holdings profitable in the second quarter fiscal 2026?
Operating profit was $21.4M (10.7% of revenue) and net earnings $27.4M.
Source: LiveRamp Holdings 10-Q on SEC EDGAR.