RIBBON COMMUNICATIONS INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $844.6M | $833.9M | $826.3M | $819.8M | $845.0M | $843.8M | $563.1M | $577.9M |
| Cost of Revenue | $423.9M | $394.4M | $418.3M | $418.8M | $400.3M | $393.0M | $246.0M | $230.6M |
| Gross Profit | $420.7M | $439.5M | $408.1M | $400.9M | $444.7M | $450.8M | $317.1M | $347.3M |
| Gross Margin | 49.8% | 52.7% | 49.4% | 48.9% | 52.6% | 53.4% | 56.3% | 60.1% |
| Operating Expenses | ||||||||
| Research & Development | $178.9M | $179.9M | $190.7M | $203.7M | $194.9M | $194.5M | $141.1M | $145.5M |
| SG&A Expense | $64.2M | $68.7M | $55.0M | $51.1M | $53.7M | $63.3M | $53.9M | $66.0M |
| Operating Income | $-3.3M | $16.9M | $-24.3M | $-48.3M | $-117.8M | $1.7M | $-189.5M | $-65.4M |
| Operating Margin | -0.4% | 2.0% | -2.9% | -5.9% | -13.9% | 0.2% | -33.6% | -11.3% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-45.1M | $-46.1M | $-55.4M | $-112.6M | $-208.1M | $93.3M | $-122.9M | $-73.4M |
| Income Tax Expense | $-84.7M | $8.2M | $10.8M | $-14.5M | $-31.0M | $4.7M | $7.2M | $3.4M |
| Net Income | $39.6M | $-54.2M | $-66.2M | $-98.1M | $-177.2M | $88.6M | $-130.1M | $-76.8M |
| Net Margin | 4.7% | -6.5% | -8.0% | -12.0% | -21.0% | 10.5% | -23.1% | -13.3% |
| EPS (Basic) | $0.22 | $-0.31 | $-0.39 | $-0.63 | $-1.20 | $0.64 | $-1.19 | $-0.74 |
| EPS (Diluted) | $0.22 | $-0.31 | $-0.39 | $-0.63 | $-1.20 | $0.61 | $-1.19 | $-0.74 |
| Shares Outstanding (Basic) | 176.2M | 174.0M | 170.4M | 156.7M | 147.6M | 139.0M | 109.7M | 103.9M |
| Shares Outstanding (Diluted) | 179.8M | 174.0M | 170.4M | 156.7M | 147.6M | 144.7M | 109.7M | 103.9M |
| Dividends Per Share | — | — | — | — | — | — | — | — |