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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% | -173.1% |
| 2024 | $834M | $52M | $-54M | $27M | -13.4% | 0.9% | -18.1% |
| 2023 | $826M | $43M | $-66M | $8M | -14.6% | 0.8% | -32.5% |
| 2022 | $820M | $-16M | $-98M | $-40M | -18.9% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 819.76 | 826.34 | 833.88 | 844.56 |
| Operating 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 |
| Research And Development | - | 203.68 | 190.66 | 179.94 | 178.87 |
| Selling General And Administration | - | 198.82 | 192.42 | 206.57 | 197.31 |
| Total Expenses | - | 850.96 | 829.94 | 806.85 | 823.88 |
| Operating Income | - | -31.20 | -3.60 | 27.03 | 20.67 |
| Total Operating Income As Reported | - | -48.32 | -24.28 | 16.87 | -3.32 |
| EBITDA | - | -16.34 | 42.94 | 52.48 | 60.74 |
| Normalized EBITDA | - | 0.78 | 63.63 | 62.64 | 84.73 |
| EBIT | - | -92.82 | -28.05 | -11.92 | -0.18 |
| Interest Income | - | 0.23 | 0.34 | 0.33 | 0.91 |
| Interest Expense | - | 19.78 | 27.32 | 34.15 | 44.92 |
| Net Interest Income | - | -19.78 | -27.32 | -33.82 | -44.01 |
| Other Non Operating Income Expenses | - | -44.50 | -3.77 | -29.12 | 2.23 |
| Other Income Expense | - | -61.61 | -24.45 | -39.28 | -21.77 |
| Interest Income Non Operating | - | 0.23 | 0.34 | 0.33 | 0.91 |
| Interest Expense Non Operating | - | 19.78 | 27.32 | 34.15 | 44.92 |
| Net Non Operating Interest Income Expense | - | -19.78 | -27.32 | -33.82 | -44.01 |
| Pretax Income | - | -112.60 | -55.37 | -46.07 | -45.11 |
| Tax Provision | - | -14.52 | 10.83 | 8.17 | -84.74 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -2.21 | -4.34 | -2.13 | -5.04 |
| Net Income Continuous Operations | - | -98.08 | -66.21 | -54.24 | 39.64 |
| Net Income From Continuing And Discontinued Operation | - | -98.08 | -66.21 | -54.24 | 39.64 |
| Net Income From Continuing Operation Net Minority Interest | - | -98.08 | -66.21 | -54.24 | 39.64 |
| Net Income | - | -98.08 | -66.21 | -54.24 | 39.64 |
| Net Income Common Stockholders | - | -98.08 | -66.21 | -54.24 | 39.64 |
| Net Income Including Noncontrolling Interests | - | -98.08 | -66.21 | -54.24 | 39.64 |
| Normalized Income | - | -83.17 | -49.86 | -46.21 | 58.59 |
| Diluted NI Availto Com Stockholders | - | -98.08 | -66.21 | -54.24 | 39.64 |
| Basic Average Shares | - | 156.67 | 170.41 | 174.04 | 176.20 |
| Diluted Average Shares | - | 156.67 | 170.41 | 174.04 | 179.82 |
| Reconciled Depreciation | - | 76.48 | 71 | 64.40 | 60.92 |
| Reconciled Cost Of Revenue | - | 371.99 | 375.86 | 355.94 | 386.78 |
| Total Unusual Items | - | -17.12 | -20.68 | -10.16 | -24 |
| Total Unusual Items Excluding Goodwill | - | -17.12 | -20.68 | -10.16 | -24 |
| Impairment Of Capital Assets | 116 | 0 | 0 | - | - |
| Restructuring And Mergern Acquisition | - | 17.12 | 20.68 | 10.16 | 24 |
| 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 |
| General And Administrative Expense | - | 51.05 | 54.96 | 68.74 | 64.24 |
| Other Gand A | - | 51.05 | 54.96 | 68.74 | 64.24 |
| Selling And Marketing Expense | - | 147.77 | 137.46 | 137.83 | 133.07 |
| Amortization | - | 29.65 | 28.60 | 25.97 | 23.85 |
| Amortization Of Intangibles Income Statement | - | 29.65 | 28.60 | 25.97 | 23.85 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Ribbon Communications Inc.this co. | RBBN | $541M | 13.64 | 1.20 | 8.8% | 13.99 |
| PowerFleet, Inc. | AIOT | $567M | - | 14.73 | -11.4% | 37.91 |
| Cerence Inc. | CRNC | $557M | - | 3.70 | -12.4% | 57.48 |
| i3 Verticals, Inc. | IIIV | $555M | 31.04 | 1.42 | 4.6% | 11.46 |
| PubMatic, Inc. | PUBM | $552M | -38.15 |
| - |
| - |
| - |
| - |
| - |
| - |
| 2.10 |
| -5.5% |
| 16.98 |
| OneSpan Inc. | OSPN | $546M | 7.49 | 2.01 | 26.8% | 8.00 |
| NVE Corporation | NVEC | $528M | 34.71 | 9.06 | 26.1% | 31.06 |
| Rapid7, Inc. | RPD | $521M | 22.27 | 3.36 | 15.1% | 11.79 |
| Backblaze, Inc. | BLZE | $503M | -19.64 | 6.04 | -30.8% | 136.25 |
| Peer Median | - | 14.88 | 3.53 | -0.5% | 24.02 | |