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Ribbon 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, solutions, and services for 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 controllers; and network transformation products, such as call controllers, media gateways, and application servers. This segment serves private, public, hybrid cloud infrastructures, as well as data centers, enterprise premises, and service provider networks. The IP Optical Networks segment provides hardware and software products and solutions for IP networking, switching, routing, and optical transport for technologies comprising 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, multi-service access, 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. 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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $845M | $61M | $40M | $26M | 8.8% | 1.3% | - |
| 2024 | $834M | $52M | $-54M | $27M | -13.4% | 0.9% | - |
| 2023 | $826M | $43M | $-66M | $8M | -14.6% | 0.8% | - |
| 2022 | $820M | $-16M | $-98M | $-40M | -18.9% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 819.76 | 826.34 | 833.88 | 844.56 |
| Cost Of Revenue | 418.82 | 418.26 | 394.37 | 423.85 |
| Gross Profit | 400.94 | 408.08 | 439.51 | 420.71 |
| Operating Expense | 432.14 | 411.68 | 412.48 | 400.04 |
| Operating Income | -31.20 | -3.60 | 27.03 | 20.67 |
| EBITDA | -16.34 | 42.94 | 52.48 | 60.74 |
| EBIT | -92.82 | -28.05 | -11.92 | -0.18 |
| Pretax Income | -112.60 | -55.37 | -46.07 | -45.11 |
| Tax Provision | -14.52 | 10.83 | 8.17 | -84.75 |
| Net Income | -98.08 | -66.21 | -54.23 | 39.64 |
| Net Income Common Stockholders | -98.08 | -66.21 | -54.23 | 39.64 |
| Total Expenses | 850.97 | 829.94 | 806.85 | 823.88 |
| Interest Expense | 19.78 | 27.32 | 34.15 | 44.92 |
| Interest Income | 0.23 | 0.34 | 0.33 | 0.91 |
| Research And Development | 203.68 | 190.66 | 179.94 | 178.87 |
| Selling General And Administration | 198.82 | 192.42 | 206.57 | 197.31 |
| Normalized EBITDA | 0.78 | 63.63 | 62.64 | 84.73 |
| Normalized Income | -83.17 | -49.86 | -46.21 | 58.59 |
| Basic EPS | -0.63 | -0.39 | -0.31 | 0.22 |
| Diluted EPS | -0.63 | -0.39 | -0.31 | 0.22 |
| Tax Effect Of Unusual Items | -2.21 | -4.34 | -2.13 | -5.04 |
| Tax Rate For Calcs | 0.13 | 0.21 | 0.21 | 0.21 |
| Total Unusual Items | -17.12 | -20.68 | -10.16 | -24 |
| Total Unusual Items Excluding Goodwill | -17.12 | -20.68 | -10.16 | -24 |
| Net Income From Continuing Operation Net Minority Interest | -98.08 | -66.21 | -54.23 | 39.64 |
| Reconciled Depreciation | 76.48 | 71 | 64.40 | 60.92 |
| Reconciled Cost Of Revenue | 371.99 | 375.86 | 355.94 | 386.78 |
| Net Interest Income | -19.78 | -27.32 | -33.82 | -44.01 |
| Net Income From Continuing And Discontinued Operation | -98.08 | -66.21 | -54.23 | 39.64 |
| Total Operating Income As Reported | -48.32 | -24.29 | 16.87 | -3.32 |
| Diluted Average Shares | 156.67 | 170.41 | 174.04 | 179.82 |
| Basic Average Shares | 156.67 | 170.41 | 174.04 | 176.20 |
| Diluted NI Availto Com Stockholders | -98.08 | -66.21 | -54.23 | 39.64 |
| Net Income Including Noncontrolling Interests | -98.08 | -66.21 | -54.23 | 39.64 |
| Net Income Continuous Operations | -98.08 | -66.21 | -54.23 | 39.64 |
| Other Income Expense | -61.61 | -24.45 | -39.28 | -21.77 |
| Other Non Operating Income Expenses | -44.49 | -3.77 | -29.12 | 2.23 |
| Special Income Charges | -17.12 | -20.68 | -10.16 | -24 |
| Impairment Of Capital Assets | 0 | 0 | 0 | 0 |
| Restructuring And Mergern Acquisition | 17.12 | 20.68 | 10.16 | 24 |
| Net Non Operating Interest Income Expense | -19.78 | -27.32 | -33.82 | -44.01 |
| Interest Expense Non Operating | 19.78 | 27.32 | 34.15 | 44.92 |
| Interest Income Non Operating | 0.23 | 0.34 | 0.33 | 0.91 |
| Depreciation Amortization Depletion Income Statement | 29.65 | 28.60 | 25.97 | 23.85 |
| Depreciation And Amortization In Income Statement | 29.65 | 28.60 | 25.97 | 23.85 |
| Amortization | 29.65 | 28.60 | 25.97 | 23.85 |
| Amortization Of Intangibles Income Statement | 29.65 | 28.60 | 25.97 | 23.85 |
| Selling And Marketing Expense | 147.77 | 137.46 | 137.83 | 133.07 |
| General And Administrative Expense | 51.05 | 54.96 | 68.74 | 64.24 |
| Other Gand A | 51.05 | 54.96 | 68.74 | 64.24 |
| Operating Revenue | 819.76 | 826.34 | 833.88 | 844.56 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Ribbon Communications Inc.this co. | RBBN | $417M | 10.80↓ discount | 0.93 | 8.8% | 9.38 |
| OneSpan Inc. | OSPN | $426M | 6.11 | 1.58 | 26.8% | 6.04 |
| Priority Technology Holdings, Inc. | PRTH | $423M | 7.56 | -4.19 | -60.3% | 7.33 |
| Alight, Inc. | ALIT | $411M | - | 0.38 | -296.1% | 4.51 |
| TSS, Inc. | TSSI | $410M |
| 25.34 |
| 5.11 |
| 19.7% |
| 24.32 |
| TechTarget, Inc. | TTGT | $409M | - | 0.69 | -169.6% | 6.59 |
| PowerFleet, Inc. | AIOT | $409M | - | 0.84 | -11.4% | 8.19 |
| Digital Turbine, Inc. | APPS | $404M | - | 2.07 | -59.8% | 7.97 |
| Climb Global Solutions, Inc. | CLMB | $393M | 18.34 | 3.32 | 18.3% | 9.32 |
| Peer Median | - | 12.95 | 1.21 | -35.6% | 7.65 | |