LiveRamp Holdings Inc. Reports Strong Growth in 2025 Annual Report

LiveRamp Holdings, Inc. has solidified its position as a leader in data collaboration technology, enabling marketers and media owners to optimize performance across diverse platforms. The company’s commitment to neutrality, interoperability, and scalability has won the trust of a wide range of clients, including major players in the financial services, retail, healthcare, and technology sectors. Headquartered in San Francisco, California, LiveRamp’s common stock is traded on the New York Stock Exchange under the symbol “RAMP,” with operations spanning the United States, Europe, and the Asia-Pacific region.

For the fiscal year ending March 31, 2025, LiveRamp reported revenues of $745.6 million, representing a 13.0% increase from the previous year's figure of $659.7 million. This growth can be attributed to both the subscription and marketplace segments, with subscription revenue increasing by 10.8% to $568.8 million and marketplace revenue growing by 21.0% to $176.7 million.

In terms of geographical revenue distribution, the United States continued to be the largest market, generating $704.6 million, a 13.9% increase compared to the prior year. However, international revenue faced challenges, with a slight decline of 0.5% in the Asia-Pacific region and modest growth in Europe and Other regions.

LiveRamp's cost of revenue rose by 20.3% to $215.9 million, leading to a decrease in gross margin to 71.0% from 72.8%. Total operating expenses increased by 11.8% to $524.3 million, with non-cash stock compensation expenses significantly impacting the bottom line, rising to $108.0 million from $71.3 million in the prior year. The company reported a net loss of $0.8 million, a stark contrast to the net income of $11.9 million reported in 2024.

The income statement highlights significant shifts in financial performance. Operating income decreased to $5.4 million from $11.4 million in the previous year, reflecting an operating margin decline to 0.7%.

As of March 31, 2025, LiveRamp's total assets stood at $1.25 billion, with cash and cash equivalents totaling $413.3 million. The company experienced a slight increase in working capital, which rose to $408.7 million, compared to $385.5 million in 2024.

LiveRamp reported a net cash provided by operating activities of $154.0 million, up from $105.7 million the previous year. However, cash flows from investing and financing activities showed significant changes, with the company utilizing cash for stock repurchases under its amended program.

In a bid to enhance profitability and operational efficiency, LiveRamp announced a workforce restructuring that affected approximately 65 employees, or about 5% of its workforce. Additionally, the board approved an increase in the stock repurchase program, now totaling $1.3 billion, with an extension through December 31, 2026.

LiveRamp's subscription net retention (SNR) improved by 1%, bolstered by the acquisition of Habu, which contributed significantly to revenue growth. The annualized recurring revenue (ARR) also grew by 8%, attributable to new customer revenue and upsell initiatives.

LiveRamp Holdings, Inc.'s 2025 annual report reflects a year of strategic growth and operational adjustments. Despite facing challenges, including increased operating expenses and a net loss, the company has positioned itself for future success through its commitment to data collaboration and innovative technology solutions. As it navigates the complexities of the global market, LiveRamp remains focused on enhancing customer engagement while adhering to privacy regulations, thus solidifying its place as a vital partner for brands across various industries.