RBBN (RBBN) financial statements
RBBN reported revenue of $845M in fiscal 2025, up 14.4% a year over 9 years.
Net income was $40M and the operating margin -0.4%, against -5.4% in 2016.
Free cash flow was $26M, and the company returned $9M in net buybacks.
The diluted share count rose 264% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from RBBN's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $253M | $330M | $578M | $563M | $844M | $845M | $820M | $826M | $834M | $845M |
| Cost of revenue | $85M | $128M | $231M | $246M | $393M | $400M | $419M | $418M | $394M | $424M |
| Gross profit | $168M | $201M | $347M | $317M | $451M | $445M | $401M | $408M | $440M | $421M |
| Research and development | $73M | $101M | $145M | $141M | $195M | $195M | $204M | $191M | $180M | $179M |
| Selling, general and admin | $104M | $131M | $184M | $160M | $203M | $204M | $199M | $192M | $207M | $197M |
| Operating income | -$14M | -$55M | -$65M | -$189M | $2M | -$118M | -$48M | -$24M | $17M | -$3M |
| Pre-tax income | -$11M | -$54M | -$73M | -$123M | $93M | -$208M | -$113M | -$55M | -$46M | -$45M |
| Income tax | $3M | -$18M | $3M | $7M | $5M | -$31M | -$15M | $11M | $8M | -$85M |
| Net income | -$14M | -$35M | -$77M | -$130M | $89M | -$177M | -$98M | -$66M | -$54M | $40M |
| EPS (diluted) | -$0.28 | -$0.60 | -$0.74 | -$1.19 | $0.61 | -$1.20 | -$0.63 | -$0.39 | -$0.31 | $0.22 |
| Diluted shares | 49M | 59M | 104M | 110M | 145M | 148M | 157M | 170M | 174M | 180M |
| Gross margin | 66.4% | 61.1% | 60.1% | 56.3% | 53.4% | 52.6% | 48.9% | 49.4% | 52.7% | 49.8% |
| Operating margin | -5.4% | -16.7% | -11.3% | -33.6% | 0.2% | -13.9% | -5.9% | -2.9% | 2.0% | -0.4% |
| Net margin | -5.5% | -10.7% | -13.3% | -23.1% | 10.5% | -21.0% | -12.0% | -8.0% | -6.5% | 4.7% |
Balance sheet
Fiscal years, from RBBN's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $94M | $74M | $51M | $45M | $128M | $104M | $67M | $26M | $88M | $96M |
| Receivables | $54M | $165M | $188M | $193M | $238M | $283M | $267M | $268M | $255M | $232M |
| Inventory | $18M | $21M | $23M | $15M | $46M | $54M | $75M | $78M | $79M | $79M |
| Total current assets | $178M | $282M | $278M | $279M | $448M | $481M | $478M | $419M | $464M | $454M |
| Property, plant and equipment | $12M | $25M | $27M | $29M | $49M | $48M | $45M | $42M | $60M | $66M |
| Goodwill | $49M | $336M | $384M | $225M | $417M | $301M | $301M | $301M | $301M | $301M |
| Total assets | $308M | $911M | $957M | $815M | $1.5B | $1.3B | $1.3B | $1.1B | $1.2B | $1.2B |
| Total current liabilities | $77M | $243M | $290M | $207M | $328M | $344M | $330M | $341M | $329M | $315M |
| Long-term debt | — | — | $0 | $46M | $369M | $350M | $306M | $197M | $331M | $325M |
| Total liabilities | $89M | $295M | $367M | $332M | $860M | $821M | $737M | $691M | $758M | $763M |
| Shareholders' equity | $219M | $615M | $590M | $483M | $687M | $527M | $518M | $453M | $405M | $449M |
| Net debt | -$32M | -$57M | -$44M | $4M | $256M | $266M | $259M | $206M | $249M | $237M |
Cash flow
Fiscal years, from RBBN's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $19M | $8M | -$10M | $56M | $102M | $19M | -$26M | $17M | $50M | $51M |
| Capital spending | $5M | $4M | $8M | $11M | $27M | $17M | $10M | $9M | $22M | $25M |
| Free cash flow | $15M | $4M | -$18M | $45M | $75M | $2M | -$37M | $8M | $28M | $26M |
| Stock-based compensation | $20M | $26M | $11M | $13M | $14M | $19M | $19M | $22M | $16M | $19M |
| Share buybacks (net) | -$10M | $0 | $0 | -$5M | $0 | $0 | — | — | — | -$9M |
| Net borrowing | — | — | — | — | $478M | $75M | $0 | $0 | $342M | — |
| Free cash flow margin | 5.8% | 1.2% | -3.0% | 8.0% | 8.9% | 0.2% | -4.5% | 0.9% | 3.3% | 3.1% |
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Open RBBN in InvestinglyQuestions
What was RBBN's revenue in 2025?
$845M in fiscal 2025, from its 10-K filing.
How much free cash flow does RBBN generate?
$26M in fiscal 2025 (operating cash flow minus capital spending).
From RBBN's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.