Ribbon Communications Inc. (RBBN) 10-Year Financial Performance & Capital Metrics

RBBN • • Utilities

Communication ServicesTelecom ServicesCloud Communications & UCaaSBusiness UCaaS Platforms

AboutRibbon Communications Inc. provides communications technology in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. It operates through two segments, Cloud and Edge, and IP Optical Networks. The Cloud and Edge segment provides software and hardware products; and solutions and services for enabling voice over internet protocol communications, voice over long-term evolution, and voice over 5G communications and unified communications and collaboration. It also offers session border controller and network transformation products. This segment serves private, public, or hybrid cloud infrastructures, as well as data centers, enterprise premises, and service provider networks. It also provides multiple solutions for VoIP, VoLTE, VoNR, and UC&C in network, on-premises, or via the telco cloud. The IP Optical Networks segment provides hardware and software solutions for IP networking, switching, routing, and optical transport to support and enable technologies, such as 5G, distributed cloud computing, and corresponding applications. It also offers multiple solutions, including 5G-native solutions for mobile-backhaul, metro and edge aggregation, core networking, data center interconnect, legacy NTR, and transport solutions for wholesale carriers. This segment serves utilities, government, defense, finance, transportation, and education and research industries, as well as service providers and enterprises. It also provides advanced analytics solutions and next generation products that provides cloud-native and streaming analytics platform for networks and subscribers. The company was formerly known as Sonus Networks, Inc. and changed its name to Ribbon Communications Inc. in November 2017. Ribbon Communications Inc. was founded in 1997 and is headquartered in Plano, Texas.Show more

Revenue $834M +0.9%
EBITDA $81M +20.6%
Net Income -$54M +18.1%
Free Cash Flow $27M +259.9%
EBITDA Margin 9.75% +19.5%
Net Margin -6.5% +18.8%
ROE -12.65% +7.2%
Interest Coverage 0.49 +479.6%
Debt/Equity 0.95 +49.6%
Net Debt/EBITDA 3.64 -5.8%
CapEx / Revenue 2.69% +136.7%
CapEx Coverage 2.24 +23.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 1.2x book value

✗Weaknesses

✗Weak momentum: RS Rating 16 (bottom 16%)
✗Weak interest coverage of 0.5x
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y10.9%

5Y8.17%

3Y-0.44%

TTM7.38%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM19.53%

EPS CAGR

10Y-

5Y-

3Y-

TTM21.42%

ROCE

10Y Avg-8.41%

5Y Avg-2.76%

3Y Avg-1.12%

Latest2.06%

Peer Comparison

Business UCaaS Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CXDOCrexendo, Inc.	226.8M	7.38	132.02	14.36%	6.57%	7.11%	2.76%	0.04
IDTIDT Corporation	1.21B	51.32	17.05	2.13%	6.52%	24.17%	8.81%	0.01
UCLuCloudlink Group Inc.	43.48M	1.71	1.43	7.08%	9.23%	24.79%	11.93%	0.46
RBBNRibbon Communications Inc.	496.24M	2.81	-9.06	0.91%	-4.96%	-11.96%	5.52%	0.95
OOMAOoma, Inc.	328.8M	11.93	-45.88	8.5%	0.85%	2.5%	6.13%	0.19
IQSTiQSTEL Inc.	13.25M	2.84	-86.32	96%	-2.5%	-46.39%		0.68

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	249.03M	252.59M	329.94M	577.9M	563.11M	843.79M	844.96M	819.76M	826.34M	833.88M
Revenue Growth %	-0.16%	0.01%	0.31%	0.75%	-0.03%	0.5%	0%	-0.03%	0.01%	0.01%
Cost of Revenue	87.38M	84.98M	128.45M	269.57M	246.03M	392.98M	400.3M	418.82M	446.86M	394.37M
Gross Profit+	161.66M	167.61M	201.5M	308.33M	317.08M	450.82M	444.66M	400.94M	379.48M	439.51M
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	-0.16%	0.04%	0.2%	0.53%	0.03%	0.42%	-0.01%	-0.1%	-0.05%	0.16%
Operating Expenses+	190.59M	177.33M	232.53M	339.77M	506.54M	449.15M	562.46M	449.26M	383.08M	422.64M
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	-12.15M	1.86M	-29.63M	-4.49M	-128.29M	79.77M	-34.21M	28.16M	67.4M	81.27M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	-9.41%	1.15%	-16.92%	0.85%	-27.6%	1.62%	-1.43%	1.82%	1.39%	0.21%
Depreciation & Amortization+	19.07M	15.47M	25.6M	60.92M	61.17M	78.1M	83.59M	76.48M	71M	64.4M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	-31.22M	-13.61M	-55.23M	-65.41M	-189.46M	1.67M	-117.8M	-48.32M	-3.6M	16.87M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.81%	0.56%	-3.06%	-0.18%	-1.9%	1.01%	-71.58%	0.59%	0.93%	5.69%
Interest Expense+	199K	100K	700K	4.5M	4.5M	23.24M	22.82M	16.88M	27.66M	34.15M
Interest Coverage	-156.87x	-136.09x	-78.90x	-14.54x	-42.10x	0.07x	-5.16x	-2.86x	-0.13x	0.49x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-950K	-1000K	1000K	-1000K	1000K	1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	-29.89M	-11.42M	-53.69M	-73.41M	-122.89M	93.32M	-208.14M	-112.6M	-55.37M	-46.07M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	2.01M	2.52M	-18.44M	3.4M	7.18M	4.73M	-30.96M	-14.52M	10.83M	8.17M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	-31.89M	-13.93M	-35.25M	-76.81M	-130.07M	88.59M	-177.19M	-98.08M	-66.21M	-54.23M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.89%	0.56%	-1.53%	-1.18%	-0.69%	1.68%	-3%	0.45%	0.33%	0.18%
EPS (Diluted)+	-0.64	-0.28	-0.60	-0.74	-1.19	0.61	-1.20	-0.63	-0.39	-0.31
EPS Growth %	-0.88%	0.56%	-1.14%	-0.23%	-0.61%	1.51%	-2.97%	0.47%	0.38%	0.21%
EPS (Basic)	-0.64	-0.28	-0.60	-0.74	-1.19	0.64	-1.20	-0.63	-0.39	-0.31
Diluted Shares Outstanding	49.56M	49.38M	58.82M	103.92M	109.73M	144.65M	147.57M	156.67M	170.41M	174.04M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	312.89M	308.06M	910.88M	957.16M	814.91M	1.55B	1.35B	1.26B	1.14B	1.16B
Asset Growth %	-0.06%	-0.02%	1.96%	0.05%	-0.15%	0.9%	-0.13%	-0.07%	-0.09%	0.02%
PP&E (Net)+	13.62M	11.74M	24.78M	27.04M	65.63M	118.64M	100.83M	89.72M	81.6M	94.91M
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	195.14M	177.91M	282.22M	278.44M	279.3M	447.65M	480.99M	477.99M	418.72M	463.66M
Cash & Equivalents	50.11M	31.92M	57.07M	43.69M	44.64M	128.43M	103.92M	67.1M	26.63M	87.77M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	23.11M	18.28M	21.3M	22.6M	14.8M	45.75M	54.04M	75.42M	77.52M	79.18M
Other Current Assets	11.85M	12.01M	21.46M	17M	27.15M	35.73M	40.12M	68.22M	46.15M	41.99M
Long-Term Investments	33.6M	32.37M	9.03M	0	0	115.18M	43.93M	12.22M	238.09M	0
Goodwill	40.31M	49.39M	335.72M	383.65M	224.9M	416.89M	300.89M	300.89M	300.89M	300.89M
Intangible Assets	26.09M	30.2M	244.41M	251.39M	213.37M	417.36M	350.73M	294.73M	238.09M	187.54M
Other Assets	2.25M	4.9M	6.29M	7.48M	26.76M	20.89M	23.07M	26.37M	-203M	26.57M
Total Liabilities	89.86M	88.94M	295.46M	366.86M	331.65M	860.41M	820.57M	737.14M	691.39M	757.93M
Total Debt+	0	0	42.5M	79.1M	101.42M	474.2M	442.87M	387.93M	287.03M	383.67M
Net Debt	-50.11M	-31.92M	-14.57M	35.41M	56.77M	345.77M	338.96M	320.83M	260.4M	295.9M
Long-Term Debt	0	0	22.5M	24.1M	45.99M	369.04M	350.22M	306.27M	197.48M	330.73M
Short-Term Borrowings	0	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	0	837K	2.36M	44.92M	89.64M	72.6M	61.6M	54.45M	46.82M
Total Current Liabilities+	77.45M	77.07M	242.8M	289.65M	206.74M	327.63M	344.45M	330.49M	341.07M	328.87M
Accounts Payable	5.95M	6.53M	45.85M	45.3M	31.41M	63.39M	97.12M	95.81M	85.16M	87.76M
Accrued Expenses	22.18M	15.88M	37.78M	42.85M	29.53M	68.83M	62.71M	25.99M	33.68M	44.95M
Deferred Revenue	38.72M	43.5M	100.57M	105.09M	100.41M	96.82M	109.12M	113.94M	113.38M	119.3M
Other Current Liabilities	10.6M	11.16M	38.6M	41.41M	27.17M	66.04M	38.04M	59.28M	49.62M	54.94M
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	2.76M	1.63M	13.19M	30.8M	16.59M	48.28M	41.97M	31.19M	89.29M	34.03M
Total Equity+	223.03M	219.12M	615.42M	590.3M	483.25M	686.85M	527.17M	518.43M	452.76M	404.62M
Equity Growth %	-0.07%	-0.02%	1.81%	-0.04%	-0.18%	0.42%	-0.23%	-0.02%	-0.13%	-0.11%
Shareholders Equity	223.03M	219.12M	615.42M	590.3M	483.25M	686.85M	527.17M	518.43M	452.76M	404.62M
Minority Interest	0	0	0	0	0	0	0	0	0	0
Common Stock	49K	49K	10K	11K	11K	15K	15K	17K	17K	18K
Additional Paid-in Capital	1.24B	1.25B	1.68B	1.72B	1.75B	1.87B	1.88B	1.94B	1.96B	1.97B
Retained Earnings	-1.02B	-1.04B	-1.07B	-1.14B	-1.27B	-1.18B	-1.36B	-1.45B	-1.52B	-1.57B
Accumulated OCI	5.42M	5.5M	3.07M	3.7M	2.53M	-4.94M	7.58M	30.59M	13.79M	8.08M
Return on Assets (ROA)	-0.1%	-0.04%	-0.06%	-0.08%	-0.15%	0.08%	-0.12%	-0.08%	-0.06%	-0.05%
Return on Equity (ROE)	-0.14%	-0.06%	-0.08%	-0.13%	-0.24%	0.15%	-0.29%	-0.19%	-0.14%	-0.13%
Debt / Equity	-	-	0.07x	0.13x	0.21x	0.69x	0.84x	0.75x	0.63x	0.95x
Debt / Assets	-	-	0.05%	0.08%	0.12%	0.31%	0.33%	0.31%	0.25%	0.33%
Net Debt / EBITDA	-	-17.15x	-	-	-	4.33x	-	11.39x	3.86x	3.64x
Book Value per Share	4.5	4.44	10.46	5.68	4.4	4.75	3.57	3.31	2.66	2.32

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	19.87M	19.19M	8.08M	-9.6M	55.69M	101.56M	19.18M	-26.36M	17.09M	50.24M
Operating CF Growth %	-0.34%	-0.03%	-0.58%	-2.19%	6.8%	0.82%	-0.81%	-2.37%	1.65%	1.94%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	-31.89M	-13.93M	-35.25M	-76.81M	-130.07M	88.59M	-177.19M	-98.08M	-66.21M	-54.23M
Depreciation & Amortization	19.07M	15.47M	25.6M	60.92M	61.17M	78.1M	83.59M	76.48M	71M	64.4M
Deferred Taxes	752K	1.09M	-20.36M	513K	5.3M	-4.62M	-45.6M	-18.25M	-9.2M	-16.89M
Other Non-Cash Items	-784K	-1.26M	4.13M	4.61M	157.63M	-105.28M	194.25M	45.11M	-4.4M	9.31M
Working Capital Changes	11.03M	-1.94M	8.31M	-9.9M	-50.94M	30.88M	-55.29M	-50.33M	4.08M	31.57M
Capital Expenditures+	-7.79M	-27.35M	21.01M	-35.38M	-10.82M	-330.07M	-17.13M	-13.55M	-9.48M	-22.87M
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-4.58M	-27.35M	21.01M	-35.38M	-3.53M	-330.07M	-14.19M	-12.14M	-9.48M	-22.87M
Acquisitions	-10.9M	-20.67M	-42.95M	-46.39M	0	-346.85M	2.94M	1.42M	0	0
Purchase of Investments	-54.77M	-78.53M	-28.73M	0	0	0	0	0	0	0
Sale of Investments	1000K	1000K	1000K	1000K	1000K	0	0	0	0	0
Other Investing	896K	1.3M	576K	18.92M	0	43.5M	0	-3.3M	-100K	-462K
Cash from Financing+	-6.2M	-9.87M	-4.48M	31.77M	-51.28M	319.3M	-33.68M	931K	-47.86M	37.71M
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Dividend Payout Ratio %	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-76K	-43K	1000K	1000K	-1000K	1000K	-1000K	-1000K	-1000K	1000K
Stock Issued	0	0	1.87M	73K	0	0	0	0	0	0
Share Repurchases	-10.26M	-9.53M	-7.52M	30M	-4.54M	0	0	0	0	0
Other Financing	1.79M	0	-6.38M	-2.58M	-22.86M	-15.75M	-15.23M	46.58M	-6.15M	-10.6M
Net Change in Cash+	8.95M	-18.19M	25.15M	-13.38M	949K	91.05M	-29.21M	-39.22M	-40.63M	63.85M
Exchange Rate Effect	-128K	-163K	547K	-180K	70K	260K	-523K	-1000K	-379K	-1000K
Cash at Beginning	41.16M	50.11M	31.92M	57.07M	43.69M	44.64M	135.7M	106.48M	67.26M	26.63M
Cash at End	50.11M	31.92M	57.07M	43.69M	44.64M	135.7M	106.48M	67.26M	26.63M	90.48M
Free Cash Flow+	12.08M	-8.15M	29.09M	-44.97M	44.86M	-228.51M	2.05M	-39.92M	7.61M	27.37M
FCF Growth %	-0.78%	-1.68%	4.57%	-2.55%	2%	-6.09%	1.01%	-20.47%	1.19%	2.6%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-13.77%	-6.3%	-8.45%	-12.74%	-24.23%	15.14%	-29.19%	-18.76%	-13.63%	-12.65%
EBITDA Margin	-4.88%	0.74%	-8.98%	-0.78%	-22.78%	9.45%	-4.05%	3.44%	8.16%	9.75%
Net Debt / EBITDA	-	-17.15x	-	-	-	4.33x	-	11.39x	3.86x	3.64x
Interest Coverage	-156.87x	-136.09x	-78.90x	-14.54x	-42.10x	0.07x	-5.16x	-2.86x	-0.13x	0.49x
CapEx / Revenue	3.13%	10.83%	6.37%	6.12%	1.92%	39.12%	2.03%	1.25%	1.14%	2.69%
Debt / Equity	-	-	0.07x	0.13x	0.21x	0.69x	0.84x	0.75x	0.63x	0.95x
EPS Growth	-88.24%	56.25%	-114.29%	-23.33%	-60.81%	151.26%	-296.72%	47.5%	38.1%	20.51%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2024
Product	-	221.48M	191.48M	329.44M	341.55M	317.02M	445.15M	447.23M
Product Growth	-	-	-13.54%	72.05%	3.67%	-7.18%	40.42%	0.47%
Service	-	298.89M	301.08M	375.88M	391.92M	377.08M	381.19M	386.65M
Service Growth	-	-	0.73%	24.84%	4.27%	-3.79%	1.09%	1.43%
Service Revenue, Maintenance	-	-	-	-	-	-	279.65M	274.58M
Service Revenue, Maintenance Growth	-	-	-	-	-	-	-	-1.81%
Maintenance	114.73M	-	-	-	-	-	-	-
Maintenance Growth	-	-	-	-	-	-	-	-
Professional services	34.09M	-	-	-	-	-	-	-
Professional services Growth	-	-	-	-	-	-	-	-

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	-	35.83M	37.09M	48.61M	47.3M	44.82M	344.42M	395.98M
UNITED STATES Growth	-	-	3.50%	31.08%	-2.71%	-5.24%	668.46%	14.97%
EMEA	-	11.79M	12.28M	25.23M	30.35M	29.31M	261.9M	234.68M
EMEA Growth	-	-	4.11%	105.44%	20.31%	-3.42%	793.56%	-10.39%
Asia Pacific	-	4.36M	4.88M	19.63M	18.18M	13.59M	167.08M	151.57M
Asia Pacific Growth	-	-	11.96%	302.28%	-7.36%	-25.24%	1129.09%	-9.28%
Other Geographical Location	-	7.87M	6.77M	7.6M	9.77M	7.26M	52.94M	51.65M
Other Geographical Location Growth	-	-	-14.02%	12.34%	28.45%	-25.64%	629.00%	-2.44%
JAPAN	-	5.07M	5.84M	-	-	-	-	-
JAPAN Growth	-	-	15.25%	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Ribbon Communications Inc. (RBBN) reported $868.6M in revenue for fiscal year 2024. This represents a 234% increase from $259.7M in 2011.

Ribbon Communications Inc. (RBBN) grew revenue by 0.9% over the past year. Growth has been modest.

Ribbon Communications Inc. (RBBN) reported a net loss of $43.1M for fiscal year 2024.

Dividend & Returns

Ribbon Communications Inc. (RBBN) has a return on equity (ROE) of -12.7%. Negative ROE indicates the company is unprofitable.

Ribbon Communications Inc. (RBBN) generated $52.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

Ribbon Communications Inc. (RBBN) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.

US Stock Screener

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Ribbon Communications Inc. (RBBN) 10-Year Financial Performance & Capital Metrics

RBBN • • Utilities

Communication ServicesTelecom ServicesCloud Communications & UCaaSBusiness UCaaS Platforms

Revenue $834M +0.9%
EBITDA $81M +20.6%
Net Income -$54M +18.1%
Free Cash Flow $27M +259.9%
EBITDA Margin 9.75% +19.5%
Net Margin -6.5% +18.8%
ROE -12.65% +7.2%
Interest Coverage 0.49 +479.6%
Debt/Equity 0.95 +49.6%
Net Debt/EBITDA 3.64 -5.8%
CapEx / Revenue 2.69% +136.7%
CapEx Coverage 2.24 +23.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 1.2x book value

✗Weaknesses

✗Weak momentum: RS Rating 16 (bottom 16%)
✗Weak interest coverage of 0.5x
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y10.9%

5Y8.17%

3Y-0.44%

TTM7.38%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM19.53%

EPS CAGR

10Y-

5Y-

3Y-

TTM21.42%

ROCE

10Y Avg-8.41%

5Y Avg-2.76%

3Y Avg-1.12%

Latest2.06%

Peer Comparison

Business UCaaS Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CXDOCrexendo, Inc.	226.8M	7.38	132.02	14.36%	6.57%	7.11%	2.76%	0.04
IDTIDT Corporation	1.21B	51.32	17.05	2.13%	6.52%	24.17%	8.81%	0.01
UCLuCloudlink Group Inc.	43.48M	1.71	1.43	7.08%	9.23%	24.79%	11.93%	0.46
RBBNRibbon Communications Inc.	496.24M	2.81	-9.06	0.91%	-4.96%	-11.96%	5.52%	0.95
OOMAOoma, Inc.	328.8M	11.93	-45.88	8.5%	0.85%	2.5%	6.13%	0.19
IQSTiQSTEL Inc.	13.25M	2.84	-86.32	96%	-2.5%	-46.39%		0.68

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	249.03M	252.59M	329.94M	577.9M	563.11M	843.79M	844.96M	819.76M	826.34M	833.88M
Revenue Growth %	-0.16%	0.01%	0.31%	0.75%	-0.03%	0.5%	0%	-0.03%	0.01%	0.01%
Cost of Revenue	87.38M	84.98M	128.45M	269.57M	246.03M	392.98M	400.3M	418.82M	446.86M	394.37M
Gross Profit+	161.66M	167.61M	201.5M	308.33M	317.08M	450.82M	444.66M	400.94M	379.48M	439.51M
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	-0.16%	0.04%	0.2%	0.53%	0.03%	0.42%	-0.01%	-0.1%	-0.05%	0.16%
Operating Expenses+	190.59M	177.33M	232.53M	339.77M	506.54M	449.15M	562.46M	449.26M	383.08M	422.64M
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	-12.15M	1.86M	-29.63M	-4.49M	-128.29M	79.77M	-34.21M	28.16M	67.4M	81.27M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	-9.41%	1.15%	-16.92%	0.85%	-27.6%	1.62%	-1.43%	1.82%	1.39%	0.21%
Depreciation & Amortization+	19.07M	15.47M	25.6M	60.92M	61.17M	78.1M	83.59M	76.48M	71M	64.4M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	-31.22M	-13.61M	-55.23M	-65.41M	-189.46M	1.67M	-117.8M	-48.32M	-3.6M	16.87M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.81%	0.56%	-3.06%	-0.18%	-1.9%	1.01%	-71.58%	0.59%	0.93%	5.69%
Interest Expense+	199K	100K	700K	4.5M	4.5M	23.24M	22.82M	16.88M	27.66M	34.15M
Interest Coverage	-156.87x	-136.09x	-78.90x	-14.54x	-42.10x	0.07x	-5.16x	-2.86x	-0.13x	0.49x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-950K	-1000K	1000K	-1000K	1000K	1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	-29.89M	-11.42M	-53.69M	-73.41M	-122.89M	93.32M	-208.14M	-112.6M	-55.37M	-46.07M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	2.01M	2.52M	-18.44M	3.4M	7.18M	4.73M	-30.96M	-14.52M	10.83M	8.17M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	-31.89M	-13.93M	-35.25M	-76.81M	-130.07M	88.59M	-177.19M	-98.08M	-66.21M	-54.23M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.89%	0.56%	-1.53%	-1.18%	-0.69%	1.68%	-3%	0.45%	0.33%	0.18%
EPS (Diluted)+	-0.64	-0.28	-0.60	-0.74	-1.19	0.61	-1.20	-0.63	-0.39	-0.31
EPS Growth %	-0.88%	0.56%	-1.14%	-0.23%	-0.61%	1.51%	-2.97%	0.47%	0.38%	0.21%
EPS (Basic)	-0.64	-0.28	-0.60	-0.74	-1.19	0.64	-1.20	-0.63	-0.39	-0.31
Diluted Shares Outstanding	49.56M	49.38M	58.82M	103.92M	109.73M	144.65M	147.57M	156.67M	170.41M	174.04M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	312.89M	308.06M	910.88M	957.16M	814.91M	1.55B	1.35B	1.26B	1.14B	1.16B
Asset Growth %	-0.06%	-0.02%	1.96%	0.05%	-0.15%	0.9%	-0.13%	-0.07%	-0.09%	0.02%
PP&E (Net)+	13.62M	11.74M	24.78M	27.04M	65.63M	118.64M	100.83M	89.72M	81.6M	94.91M
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	195.14M	177.91M	282.22M	278.44M	279.3M	447.65M	480.99M	477.99M	418.72M	463.66M
Cash & Equivalents	50.11M	31.92M	57.07M	43.69M	44.64M	128.43M	103.92M	67.1M	26.63M	87.77M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	23.11M	18.28M	21.3M	22.6M	14.8M	45.75M	54.04M	75.42M	77.52M	79.18M
Other Current Assets	11.85M	12.01M	21.46M	17M	27.15M	35.73M	40.12M	68.22M	46.15M	41.99M
Long-Term Investments	33.6M	32.37M	9.03M	0	0	115.18M	43.93M	12.22M	238.09M	0
Goodwill	40.31M	49.39M	335.72M	383.65M	224.9M	416.89M	300.89M	300.89M	300.89M	300.89M
Intangible Assets	26.09M	30.2M	244.41M	251.39M	213.37M	417.36M	350.73M	294.73M	238.09M	187.54M
Other Assets	2.25M	4.9M	6.29M	7.48M	26.76M	20.89M	23.07M	26.37M	-203M	26.57M
Total Liabilities	89.86M	88.94M	295.46M	366.86M	331.65M	860.41M	820.57M	737.14M	691.39M	757.93M
Total Debt+	0	0	42.5M	79.1M	101.42M	474.2M	442.87M	387.93M	287.03M	383.67M
Net Debt	-50.11M	-31.92M	-14.57M	35.41M	56.77M	345.77M	338.96M	320.83M	260.4M	295.9M
Long-Term Debt	0	0	22.5M	24.1M	45.99M	369.04M	350.22M	306.27M	197.48M	330.73M
Short-Term Borrowings	0	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	0	837K	2.36M	44.92M	89.64M	72.6M	61.6M	54.45M	46.82M
Total Current Liabilities+	77.45M	77.07M	242.8M	289.65M	206.74M	327.63M	344.45M	330.49M	341.07M	328.87M
Accounts Payable	5.95M	6.53M	45.85M	45.3M	31.41M	63.39M	97.12M	95.81M	85.16M	87.76M
Accrued Expenses	22.18M	15.88M	37.78M	42.85M	29.53M	68.83M	62.71M	25.99M	33.68M	44.95M
Deferred Revenue	38.72M	43.5M	100.57M	105.09M	100.41M	96.82M	109.12M	113.94M	113.38M	119.3M
Other Current Liabilities	10.6M	11.16M	38.6M	41.41M	27.17M	66.04M	38.04M	59.28M	49.62M	54.94M
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	2.76M	1.63M	13.19M	30.8M	16.59M	48.28M	41.97M	31.19M	89.29M	34.03M
Total Equity+	223.03M	219.12M	615.42M	590.3M	483.25M	686.85M	527.17M	518.43M	452.76M	404.62M
Equity Growth %	-0.07%	-0.02%	1.81%	-0.04%	-0.18%	0.42%	-0.23%	-0.02%	-0.13%	-0.11%
Shareholders Equity	223.03M	219.12M	615.42M	590.3M	483.25M	686.85M	527.17M	518.43M	452.76M	404.62M
Minority Interest	0	0	0	0	0	0	0	0	0	0
Common Stock	49K	49K	10K	11K	11K	15K	15K	17K	17K	18K
Additional Paid-in Capital	1.24B	1.25B	1.68B	1.72B	1.75B	1.87B	1.88B	1.94B	1.96B	1.97B
Retained Earnings	-1.02B	-1.04B	-1.07B	-1.14B	-1.27B	-1.18B	-1.36B	-1.45B	-1.52B	-1.57B
Accumulated OCI	5.42M	5.5M	3.07M	3.7M	2.53M	-4.94M	7.58M	30.59M	13.79M	8.08M
Return on Assets (ROA)	-0.1%	-0.04%	-0.06%	-0.08%	-0.15%	0.08%	-0.12%	-0.08%	-0.06%	-0.05%
Return on Equity (ROE)	-0.14%	-0.06%	-0.08%	-0.13%	-0.24%	0.15%	-0.29%	-0.19%	-0.14%	-0.13%
Debt / Equity	-	-	0.07x	0.13x	0.21x	0.69x	0.84x	0.75x	0.63x	0.95x
Debt / Assets	-	-	0.05%	0.08%	0.12%	0.31%	0.33%	0.31%	0.25%	0.33%
Net Debt / EBITDA	-	-17.15x	-	-	-	4.33x	-	11.39x	3.86x	3.64x
Book Value per Share	4.5	4.44	10.46	5.68	4.4	4.75	3.57	3.31	2.66	2.32

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	19.87M	19.19M	8.08M	-9.6M	55.69M	101.56M	19.18M	-26.36M	17.09M	50.24M
Operating CF Growth %	-0.34%	-0.03%	-0.58%	-2.19%	6.8%	0.82%	-0.81%	-2.37%	1.65%	1.94%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	-31.89M	-13.93M	-35.25M	-76.81M	-130.07M	88.59M	-177.19M	-98.08M	-66.21M	-54.23M
Depreciation & Amortization	19.07M	15.47M	25.6M	60.92M	61.17M	78.1M	83.59M	76.48M	71M	64.4M
Deferred Taxes	752K	1.09M	-20.36M	513K	5.3M	-4.62M	-45.6M	-18.25M	-9.2M	-16.89M
Other Non-Cash Items	-784K	-1.26M	4.13M	4.61M	157.63M	-105.28M	194.25M	45.11M	-4.4M	9.31M
Working Capital Changes	11.03M	-1.94M	8.31M	-9.9M	-50.94M	30.88M	-55.29M	-50.33M	4.08M	31.57M
Capital Expenditures+	-7.79M	-27.35M	21.01M	-35.38M	-10.82M	-330.07M	-17.13M	-13.55M	-9.48M	-22.87M
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-4.58M	-27.35M	21.01M	-35.38M	-3.53M	-330.07M	-14.19M	-12.14M	-9.48M	-22.87M
Acquisitions	-10.9M	-20.67M	-42.95M	-46.39M	0	-346.85M	2.94M	1.42M	0	0
Purchase of Investments	-54.77M	-78.53M	-28.73M	0	0	0	0	0	0	0
Sale of Investments	1000K	1000K	1000K	1000K	1000K	0	0	0	0	0
Other Investing	896K	1.3M	576K	18.92M	0	43.5M	0	-3.3M	-100K	-462K
Cash from Financing+	-6.2M	-9.87M	-4.48M	31.77M	-51.28M	319.3M	-33.68M	931K	-47.86M	37.71M
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Dividend Payout Ratio %	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-76K	-43K	1000K	1000K	-1000K	1000K	-1000K	-1000K	-1000K	1000K
Stock Issued	0	0	1.87M	73K	0	0	0	0	0	0
Share Repurchases	-10.26M	-9.53M	-7.52M	30M	-4.54M	0	0	0	0	0
Other Financing	1.79M	0	-6.38M	-2.58M	-22.86M	-15.75M	-15.23M	46.58M	-6.15M	-10.6M
Net Change in Cash+	8.95M	-18.19M	25.15M	-13.38M	949K	91.05M	-29.21M	-39.22M	-40.63M	63.85M
Exchange Rate Effect	-128K	-163K	547K	-180K	70K	260K	-523K	-1000K	-379K	-1000K
Cash at Beginning	41.16M	50.11M	31.92M	57.07M	43.69M	44.64M	135.7M	106.48M	67.26M	26.63M
Cash at End	50.11M	31.92M	57.07M	43.69M	44.64M	135.7M	106.48M	67.26M	26.63M	90.48M
Free Cash Flow+	12.08M	-8.15M	29.09M	-44.97M	44.86M	-228.51M	2.05M	-39.92M	7.61M	27.37M
FCF Growth %	-0.78%	-1.68%	4.57%	-2.55%	2%	-6.09%	1.01%	-20.47%	1.19%	2.6%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-13.77%	-6.3%	-8.45%	-12.74%	-24.23%	15.14%	-29.19%	-18.76%	-13.63%	-12.65%
EBITDA Margin	-4.88%	0.74%	-8.98%	-0.78%	-22.78%	9.45%	-4.05%	3.44%	8.16%	9.75%
Net Debt / EBITDA	-	-17.15x	-	-	-	4.33x	-	11.39x	3.86x	3.64x
Interest Coverage	-156.87x	-136.09x	-78.90x	-14.54x	-42.10x	0.07x	-5.16x	-2.86x	-0.13x	0.49x
CapEx / Revenue	3.13%	10.83%	6.37%	6.12%	1.92%	39.12%	2.03%	1.25%	1.14%	2.69%
Debt / Equity	-	-	0.07x	0.13x	0.21x	0.69x	0.84x	0.75x	0.63x	0.95x
EPS Growth	-88.24%	56.25%	-114.29%	-23.33%	-60.81%	151.26%	-296.72%	47.5%	38.1%	20.51%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2024
Product	-	221.48M	191.48M	329.44M	341.55M	317.02M	445.15M	447.23M
Product Growth	-	-	-13.54%	72.05%	3.67%	-7.18%	40.42%	0.47%
Service	-	298.89M	301.08M	375.88M	391.92M	377.08M	381.19M	386.65M
Service Growth	-	-	0.73%	24.84%	4.27%	-3.79%	1.09%	1.43%
Service Revenue, Maintenance	-	-	-	-	-	-	279.65M	274.58M
Service Revenue, Maintenance Growth	-	-	-	-	-	-	-	-1.81%
Maintenance	114.73M	-	-	-	-	-	-	-
Maintenance Growth	-	-	-	-	-	-	-	-
Professional services	34.09M	-	-	-	-	-	-	-
Professional services Growth	-	-	-	-	-	-	-	-

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	-	35.83M	37.09M	48.61M	47.3M	44.82M	344.42M	395.98M
UNITED STATES Growth	-	-	3.50%	31.08%	-2.71%	-5.24%	668.46%	14.97%
EMEA	-	11.79M	12.28M	25.23M	30.35M	29.31M	261.9M	234.68M
EMEA Growth	-	-	4.11%	105.44%	20.31%	-3.42%	793.56%	-10.39%
Asia Pacific	-	4.36M	4.88M	19.63M	18.18M	13.59M	167.08M	151.57M
Asia Pacific Growth	-	-	11.96%	302.28%	-7.36%	-25.24%	1129.09%	-9.28%
Other Geographical Location	-	7.87M	6.77M	7.6M	9.77M	7.26M	52.94M	51.65M
Other Geographical Location Growth	-	-	-14.02%	12.34%	28.45%	-25.64%	629.00%	-2.44%
JAPAN	-	5.07M	5.84M	-	-	-	-	-
JAPAN Growth	-	-	15.25%	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Ribbon Communications Inc. (RBBN) reported $868.6M in revenue for fiscal year 2024. This represents a 234% increase from $259.7M in 2011.

Ribbon Communications Inc. (RBBN) grew revenue by 0.9% over the past year. Growth has been modest.

Ribbon Communications Inc. (RBBN) reported a net loss of $43.1M for fiscal year 2024.

Dividend & Returns

Ribbon Communications Inc. (RBBN) has a return on equity (ROE) of -12.7%. Negative ROE indicates the company is unprofitable.

Ribbon Communications Inc. (RBBN) generated $52.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

Ribbon Communications Inc. (RBBN) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.