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olivLaw · US equity research

LiveRamp Holdings, Inc. RAMP

Services-Computer Processing & Data Preparation · SIC 7374 · Vertical: Services-Computer Processing & Data Preparation (SIC 7374)

38.50USD+0.71% · 1 dayClose 30 Oct 2026

LiveRamp is a data collaboration company that helps brands and media owners deliver and measure marketing performance through an identity and connectivity network. The company is currently being acquired by Publicis Groupe at 38.50 USD per share, and its latest quarter shows total revenue rising to 214 million USD.

At the close of 30 Oct 2026, LiveRamp Holdings, Inc. (RAMP) stock was 38.50 USD (+0.71% on the day), with market capitalisation 2.3 bn USD, P/E 15.8 on diluted EPS of 2.44 USD over the last 12 months, beta 0.92, 52-week range 22.42–38.50 USD. Latest reported quarter (Q1 2027): revenue of 214.0 m USD (+9.8% YoY), net income of 17.5 m USD (+126.1% YoY), diluted EPS 0.28 USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
2.3 bn USD
shares as of 31 Jul 2026
P/E (TTM)
15.8
Diluted EPS TTM 2.44 · TTM to 30 Jun 2026
E/P (TTM)
6.34%
TTM to 30 Jun 2026
Dividend yield
unavailable
Beta (2y)
0.92
Volatility (1y) 37%
52-week range
22.4238.50

Price history

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Technical reading

RSI (14)
71.0
overbought (≥ 70)
Bollinger (20, 2)
37.25 – 38.58
in the upper half of the band · %B 0.94 · band width 3.5%
SMA 50 / 200
37.77 / 33.15
uptrend (price > SMA50 > SMA200)
MACD (12, 26, 9)
0.18 / 0.13
MACD above signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyS&P 500vs S&P 500Vertical median
1 month+2.6%−1.1%+3.7 pp—
3 months+1.7%−0.5%+2.1 pp—
6 months+27.4%+4.4%+23.0 pp—
Year to date+31.1%+12.3%+18.8 pp—
1 year+40.9%+13.5%+27.3 pp−19.2%
3 years+39.2%+76.4%−37.2 pp−18.1%
5 years−28.1%+63.7%−91.7 pp—
Max drawdown (1y)
−27.4%
11 Nov 2025 → 05 Feb 2026
Max drawdown (5y)
−72.7%
03 Nov 2021 → 08 Nov 2022
Compound annual growth (5y)
−6.4%
S&P 500 +10.4%

Price returns, dividends excluded.

Quarterly results

Latest quarter: Q1 2027 · 30 Jun 2026

Revenue
214.0 m USD
+9.8% YoY
Net income
17.5 m USD
+126.1% YoY
Diluted EPS
0.28
+133.3% YoY
net / operating
8.2% / 9.4%

Quarterly margins

Quarterly statements · USD

Fiscal yearQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Revenue185.5 m195.4 m188.7 m194.8 m199.8 m212.2 m206.1 m214.0 m
Cost of revenue51.2 m55.0 m57.9 m58.3 m59.6 m59.7 m60.5 m63.0 m
Gross profit134.2 m140.4 m130.8 m136.5 m140.2 m152.5 m145.5 m150.9 m
Research & development43.9 m42.7 m45.9 m39.6 m37.0 m33.8 m37.8 m37.1 m
Operating income7.5 m14.7 m-11.5 m7.2 m21.4 m39.5 m15.3 m20.2 m
Depreciation & amortisation4.5 m ≈4.4 m ≈3.8 m3.4 m3.4 m ≈3.3 m ≈3.3 m3.3 m
Pre-tax income11.7 m18.7 m-6.7 m10.9 m25.0 m42.9 m19.3 m23.3 m
Income tax10.0 m9.2 m-479.0 k3.2 m-2.4 m3.0 m-50.5 m5.7 m
Net income1.7 m11.2 m-6.3 m7.7 m27.4 m39.9 m70.9 m17.5 m
Diluted EPS0.030.17-0.10 ≈0.120.420.621.12 ≈0.28
Operating cash flow55.6 m ≈——-15.8 m57.4 m ≈——17.0 m
Capex241.0 k ≈282.0 k ≈293.0 k336.0 k589.0 k ≈162.0 k ≈289.0 k703.0 k
Share repurchases49.9 m ≈10.1 m ≈25.4 m29.9 m49.9 m ≈39.2 m ≈75.6 m17.6 m

≈ derived quarter (cumulative difference / share-days average)

E/P over time

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Today's P/E sits at the 32 percentile of its own 19-quarter history (min 2.8, median 85.2, max 2,632.7; quarters with earnings only).

Fiscal years

Fiscal year20192020202120222023202420252026
Revenue285.6 m380.6 m443.0 m528.7 m596.6 m659.7 m745.6 m812.9 m
Revenue YoY+29.8%+33.2%+16.4%+19.3%+12.8%+10.6%+13.0%+9.0%
Net income1.0 bn-124.5 m-90.3 m-33.8 m-118.7 m11.9 m-814.0 k146.0 m
Net income YoYunavailable−112.1%unavailableunavailableunavailableunavailable−106.9%unavailable
Diluted EPS13.71-1.84-1.36-0.50-1.790.17-0.012.24
Diluted EPS YoY+4,470.0%−113.4%unavailableunavailableunavailableunavailable−105.9%unavailable
net %360.1%-32.7%-20.4%-6.4%-19.9%1.8%-0.1%18.0%
Free cash flowunavailableunavailableunavailableunavailableunavailableunavailableunavailableunavailable

Reported results vs expectations

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Balance sheet & financial health

Fiscal year 2026 · 31 Mar 2026

Cash
379.5 m USD
Financial debt
unavailable USD
Net debt
unavailable USD
Equity
972.0 m USD
Total assets
1.3 bn USD
Debt / equity
unavailable
Current ratio
2.47x
ROE
15.2%
ROA
11.4%
FCF margin
unavailable

Financial statements (source on every figure)

Revenue and net income (USD)

Margins

Income statement · USD

Revenue
2024
659.7 m
2025
745.6 m
2026
812.9 m

SEC (XBRL)· 21 May 2026verified

Cost of revenue
2024
179.5 m
2025
215.9 m
2026
238.1 m

SEC (XBRL)· 21 May 2026verified

Gross profit
2024
480.2 m
2025
529.7 m
2026
574.8 m

SEC (XBRL)· 21 May 2026verified

Research & development
2024
151.2 m
2025
176.7 m
2026
148.1 m

SEC (XBRL)· 21 May 2026verified

Operating income
2024
11.4 m
2025
5.4 m
2026
83.5 m

SEC (XBRL)· 21 May 2026verified

Depreciation & amortisation
2024
11.5 m
2025
17.2 m
2026
13.4 m

SEC (XBRL)· 21 May 2026verified

EBITDA
2024
22.9 m ≈
2025
22.6 m ≈
2026
96.9 m ≈

SEC (XBRL)· 21 May 2026derived

Pre-tax income
2024
34.4 m
2025
22.8 m
2026
98.1 m

SEC (XBRL)· 21 May 2026verified

Income tax
2024
24.3 m
2025
25.3 m
2026
-46.7 m

SEC (XBRL)· 21 May 2026verified

Net income
2024
11.9 m
2025
-814.0 k
2026
146.0 m

SEC (XBRL)· 21 May 2026verified

Diluted EPS
2024
0.17
2025
-0.01
2026
2.24

SEC (XBRL)· 21 May 2026verified

Weighted average diluted shares
2024
67.9 m
2025
66.1 m
2026
65.0 m

SEC (XBRL)· 21 May 2026verified

Balance sheet · USD

Cash
2024
336.9 m
2025
413.3 m
2026
379.5 m

SEC (XBRL)· 21 May 2026verified

Receivables
2024
190.3 m
2025
186.2 m
2026
213.0 m

SEC (XBRL)· 21 May 2026verified

Current assets
2024
602.0 m
2025
656.2 m
2026
653.1 m

SEC (XBRL)· 21 May 2026verified

Property, plant & equipment, net
2024
8.2 m
2025
6.2 m
2026
5.2 m

SEC (XBRL)· 21 May 2026verified

Goodwill
2024
501.8 m
2025
501.8 m
2026
502.1 m

SEC (XBRL)· 21 May 2026verified

Intangibles (excl. goodwill)
2024
34.6 m
2025
20.2 m
2026
9.2 m

SEC (XBRL)· 21 May 2026verified

Total assets
2024
1.2 bn
2025
1.3 bn
2026
1.3 bn

SEC (XBRL)· 21 May 2026verified

Current liabilities
2024
216.6 m
2025
247.5 m
2026
264.8 m

SEC (XBRL)· 21 May 2026verified

Equity
2024
949.1 m
2025
948.9 m
2026
972.0 m

SEC (XBRL)· 21 May 2026verified

Cash flow · USD

Capex
2024
4.3 m
2025
1.0 m
2026
1.4 m

SEC (XBRL)· 21 May 2026verified

Investing cash flow
2024
-173.7 m
2025
21.4 m
2026
-4.9 m

SEC (XBRL)· 21 May 2026verified

Financing cash flow
2024
-59.1 m
2025
-102.7 m
2026
-199.3 m

SEC (XBRL)· 21 May 2026verified

Share repurchases
2024
60.5 m
2025
101.2 m
2026
194.5 m

SEC (XBRL)· 21 May 2026verified

Computed indicators

Growth

Revenue growth (YoY)
9.0%
computed by olivLawFY 2026
Revenue CAGR 3Y
10.9%
computed by olivLawFY 2023 → FY 2026
Revenue CAGR 5Y
12.9%
computed by olivLawFY 2021 → FY 2026
EBIT growth (YoY)
1,444.5%
computed by olivLawFY 2026
Net income growth (YoY)
unavailable
the base of the ratio is not positive
Net income CAGR 3Y
unavailable
the base of the ratio is not positive
Net income CAGR 5Y
unavailable
the base of the ratio is not positive
EPS growth (YoY)
unavailable
the base of the ratio is not positive
EPS CAGR 3Y
unavailable
the base of the ratio is not positive
EPS CAGR 5Y
unavailable
the base of the ratio is not positive
FCF growth (YoY)
unavailable
input data missing

Profitability

Gross margin
70.8%
computed by olivLawTTM to 30 Jun 2026
EBITDA margin
13.2%
computed by olivLawTTM to 30 Jun 2026
EBIT margin
11.6%
computed by olivLawTTM to 30 Jun 2026
Net margin
18.7%
computed by olivLawTTM to 30 Jun 2026
FCF margin
unavailable
input data missing

Returns

ROE
16.2%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
ROA
12.4%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
ROIC
unavailable
input data missing
ROCE
9.3%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
unavailable
input data missing
Net debt / EBITDA
unavailable
input data missing
Debt / equity
unavailable
input data missing
Interest coverage
unavailable
the reported interest expense is far older than the latest period (the filer changed its XBRL tag): a stale figure is not used

Liquidity

Current ratio
2.7x
computed by olivLawbalance sheet at 30 Jun 2026
Cash ratio
1.5x
computed by olivLawbalance sheet at 30 Jun 2026

Cash

Operating cash flow
unavailable
input data missing
Capital expenditure
1.7 m USD
computed by olivLawTTM to 30 Jun 2026
Free cash flow
unavailable
input data missing
FCF conversion
unavailable
input data missing
Cash conversion
unavailable
input data missing

Efficiency

Days sales outstanding
96 days
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Days payables outstanding
unavailable
input data missing

Market and valuation

Market capitalisation
2.3 bn USD
computed by olivLawbalance sheet at 30 Jun 2026
Enterprise value
unavailable
input data missing
Market cap / net income TTM
15.0x
computed by olivLawTTM to 30 Jun 2026
P/E (TTM)
15.8x
computed by olivLawTTM to 30 Jun 2026
Earnings yield
6.3%
computed by olivLawTTM to 30 Jun 2026
P/B
2.4x
computed by olivLawbalance sheet at 30 Jun 2026
P/S
2.8x
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
EV/EBITDA
unavailable
input data missing
EV/EBIT
unavailable
input data missing
EV/Sales
unavailable
input data missing
P/FCF
unavailable
input data missing
FCF yield
unavailable
input data missing
Dividend yield
unavailable
input data missing
Shareholder yield (distributions)
7.8%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026

4 indicators that do not apply to the sector.

Valuation

olivLaw classification

Insufficient data
What is missing
  • score weight coverage: 55.3% of at least 60%
  • valuation methods computed: 0 of at least 1

A scoring methodology on indicators and valuation, not investment advice.

Closing price

38.50 USD

30 Oct 2026Source: olivLaw, closing series

Market cap: 2.3 bn USD

Key indicators

Market capitalisation
2.3 bn USD
computed by olivLawbalance sheet at 30 Jun 2026
P/E (TTM)
15.8x
computed by olivLawTTM to 30 Jun 2026
P/B
2.4x
computed by olivLawbalance sheet at 30 Jun 2026
EV/EBITDA
unavailable
input data missing
ROE
16.2%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Net margin
18.7%
computed by olivLawTTM to 30 Jun 2026
Revenue growth (YoY)
9.0%
computed by olivLawFY 2026
Dividend yield
unavailable
input data missing

Coverage and freshness

25/37 reporting lines present
Latest full fiscal year: 2026
Latest reported period: 30 Jun 2026
Latest balance sheet date: 30 Jun 2026
Share count (cover of the latest filing), as of: 31 Jul 2026
Source: SEC (XBRL)published 05 Aug 2026
verified 2405derived 185

Score by group

55% · Insufficient data

Estimated value range

unavailable — no valuation method could be computed

Valuation assumptions are editorial choices, not measured; beta is not measured.

Valuation methods

  • DCF (discounted cash flow)unavailable · the input exists, but its latest figure is far older than the latest reported period: not used
  • Peers: EV/Salesunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
  • Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)

no valuation method could be computed

Multiple comparisons use the SIC vertical: Services-Computer Processing & Data Preparation (SIC 7374)

Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.

Assumptions (illustrative, editorial)

Risk-free rate
4.3%
Equity risk premium
5.0%
Beta (default)
1.00
Cost of equity
9.3%
Terminal growth
2.5%

Factor scorecard

Insufficient data

Minimum-evidence gate: score weight coverage: 55.3% of at least 60%; valuation methods computed: 0 of at least 1

FactorValueScoreWeight used
Gross margin · Quality70.8%77 (on a fixed band)19%
EBIT margin · Quality11.6%74 (vs peers)15%
FCF margin · Qualityunavailableunavailable—
Revenue CAGR 3Y · Growth10.9%43 (on a fixed band)31%
Revenue growth (YoY) · Growth9.0%54 (vs peers)15%
Net debt / EBITDA · Balance sheetunavailableunavailable—
Current ratio · Balance sheet2.7x100 (on a fixed band)12%
EV/Sales · Valuationunavailableunavailable—
FCF yield · Valuationunavailableunavailable—
Shareholder yield (distributions) · Returns7.8%100 (on a fixed band)8%

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet· partial100/100 · 1/2 factors with a value
  • Growth47/100 · 2/2 factors with a value
  • Quality76/100 · 2/3 factors with a value
  • Returns100/100 · 1/1 factors with a value
  • Valuation· partialunavailable · 0/2 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

LiveRamp Holdings, Inc. (RAMP). Latest full fiscal year: 2026; data up to 2026-06-30.

Figures computed from the financial statements: revenue 812.9 m USD in 2026; YoY growth 9.0%; net margin 18.7%; ROE 16.2%.

Valuation cannot be computed from the available data.

Insufficient data for a verdict (score weight coverage: 55.3% of at least 60%; valuation methods computed: 0 of at least 1).

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

  • Gross margin: 70.8%
  • EBIT margin: 11.6%
  • Current ratio: 2.7x
  • Shareholder yield (distributions): 7.8%

What contradicts it

No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.

Not assessed (insufficient data or a ratio without meaning): FCF margin, Net debt / EBITDA, EV/Sales, FCF yield.

Versus the vertical median

Services-Computer Processing & Data Preparation (SIC 7374) · same industry (4-digit SIC) · compared with 39 companies

Multiples and returns vs the median

P/E
15.8x
vertical median 22.1x
below median (−28.7%)
EV/EBITDA
—
vertical median 7.2x
P/S
2.8x
vertical median 0.9x
above median (+202.1%)
P/B
2.4x
vertical median 1.0x
above median (+131.5%)
ROE
16.2%
vertical median 11.8%
above median (+36.8%)
Net margin
18.7%
vertical median 5.9%
above median (+217.4%)
EBIT margin
11.6%
vertical median 3.2%
above median (+265.9%)
Revenue YoY
9.0%
vertical median 6.7%
above median (+34.0%)
Net debt/EBITDA
—
vertical median -0.3x
Dividend yield
—
vertical median 2.2%

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
ADPAutomatic Data Processing, Inc.119.8 bn27.777.0%20.1%+6.7%+19% / +32%
WDAYWorkday, Inc.44.4 bn40.916.0%12.3%+13.1%−6% / −25%
VRSKVerisk Analytics, Inc.25.9 bn30.1—29.3%+6.6%−12% / −18%
ATHMAutohome Inc.10.4 bn53.56.3%443.2%+11.1%−5% / −18%
RAMPLiveRamp Holdings, Inc.2.3 bn15.816.2%18.7%+9.0%+41% / +39%
DXCDxc Technology Company2.3 bn21.93.7%0.9%−1.8%+13% / −36%
EVTCEVERTEC, Inc.2.1 bn22.914.4%9.0%+10.2%+20% / −6%
INODInnodata Inc1.5 bn32.837.7%14.7%+47.6%−25% / +541%
CLVTClarivate PLC1.4 bn—-8.2%-15.1%−4.0%−44% / −73%
LZLegalZoom.com, Inc.1.1 bn56.012.1%2.6%+10.9%−26% / −40%
PLTKPlaytika Holding Corp.808.6 m——-9.9%+8.1%−48% / −76%
YEXTYext, Inc.775.0 m40.627.8%5.9%+6.1%−7% / +18%
NRDSNerdWallet, Inc.754.4 m13.318.2%7.6%+21.7%−21% / +1%
NXTTNext Technology Holding Inc.736.5 m—-59.4%-2,356.0%+545.3%−99% / −100%
CARSCars.com Inc.682.5 m22.47.4%4.7%+0.6%+10% / −32%
IBEXIBEX Limited593.6 m14.330.4%7.2%+15.4%+27% / +152%
SOPHSOPHiA GENETICS SA477.3 m—-110.0%-102.2%+18.6%+42% / +73%
GRVYGravity Co., Ltd.475.7 m0.016.5%17.0%−31.0%+19% / −6%
SOHUSohu.com Limited355.1 m1.035.8%67.4%−2.4%−12% / +70%
MOVECorvex, Inc.176.9 m—-9.6%-623.5%−57.3%−17% / −93%
SSTKShutterstock, Inc.161.1 m—-43.4%-22.9%+5.8%−79% / −90%
TRAKRepositrak, Inc.132.7 m18.714.9%32.5%+3.0%−46% / −29%
GMHSGamehaus Holdings Inc.51.4 m8.511.8%4.1%−11.3%−35% / −93%
DDIDoubleDown Interactive Co., Ltd.34.1 m0.311.4%28.5%+5.5%+48% / +72%
SJScienjoy Holding Corporation23.5 m—-66.6%-47.3%−4.9%+28% / −68%

1- and 3-year price returns: for RAMP from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.

Bear
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Base
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Bull
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Nothing is saved.

Estimated price (USD)

Estimated priceBearBaseBull
1 years
25.42
Total return -34% · Per year -34%
44.82
Total return 16% · Per year 16%
67.33
Total return 75% · Per year 75%
3 years
27.93
Total return -27% · Per year -10%
55.09
Total return 43% · Per year 13%
90.39
Total return 135% · Per year 33%
5 years
30.69
Total return -20% · Per year -4%
67.71
Total return 76% · Per year 12%
121.35
Total return 215% · Per year 26%
What moves the 3-year price the most
  • Exit P/E± 13.77
  • Net margin± 9.64
  • Annual revenue growth± 7.46
  • Annual dilution± 0.81

AI analysis

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

In brief

LiveRamp is a data collaboration company that helps brands and media owners deliver and measure marketing performance through an identity and connectivity network. The company is currently being acquired by Publicis Groupe at 38.50 USD per share, and its latest quarter shows total revenue rising to 214 million USD 3.

SWOT

Strengths

  • The company has an extensive partner network and a diversified customer base that support network effects 1.
  • Subscription revenue is largely fixed and predictable, and subscription net retention is above 100% 3.
  • The platform is neutral and interoperable, which makes it attractive to customers who do not want to give up control of their data 1.

Weaknesses

  • The company is not providing financial guidance at this time, and its earnings call was cancelled because of the transaction 3.
  • Dependence on data suppliers and partners could leave the business exposed if they withdraw or withhold data 3.
  • Management attention is diverted by the merger process, which could slow other strategic initiatives 1.

Opportunities

  • Integrations with AI platforms and automated agents could expand use of the platform 3.
  • Commerce media in new sectors such as travel and telecommunications could create additional demand 1.
  • If privacy regulation tightens, solutions that protect data could become more valuable to customers 1.

Threats

  • Failure to close the merger could lead to negative market reactions and the loss of employees or customers 1.
  • Competition from closed platforms and from networks integrated into large technology companies could pressure margins 1.
  • Data security breaches could damage reputation and create legal liability 3.

Risks

  • Risk that the merger does not closehigh

    The transaction depends on stockholder approval, antitrust clearances and foreign investment approvals. If it does not close, the share price could decline 1.

  • Termination fee exposuremedium

    In certain circumstances the company could owe a termination fee to the buyer, which could use cash that would otherwise be available for other purposes 1.

  • Interim operating restrictionsmedium

    The merger agreement limits the company's actions until closing, which could prevent it from pursuing some business opportunities 1.

  • Data securityhigh

    A major security incident could affect customer data and the company's reputation, and existing insurance might not cover all losses 3.

  • Dependence on partners and cloud providersmedium

    Interruptions at hosting or data providers could affect service delivery 3.

Investment thesis

What would need to be true (bull case)

  • If the transaction with Publicis Groupe completes, shareholders would receive an agreed cash payment without exposure to the execution risks of an independent company 1.
  • Growth in Marketplace revenue and a high retention rate show the business model can generate repeatable revenue 3.
  • The extensive partner network could make the platform hard to replace for customers who depend on it 1.

What would break the thesis

  • If the merger does not complete, the share price could lose the value that now reflects the expected transaction 1.
  • The company is not providing financial guidance, which makes it harder to assess the future trajectory of the business 3.
  • The phase-out of third-party cookies and pressure from closed platforms could limit long-term growth 3.

What to watch

  • Stockholder vote on the mergerAugust 2026
  • Regulatory approvals and closing of the transaction2026
  • Trend in subscription revenue and net retentionQ2 2027
  • Adoption of AI platform and agent integrationsnext 10-K

Products, market & competition

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

The business

LiveRamp Holdings, Inc. is a data collaboration technology company headquartered in San Francisco and listed on the New York Stock Exchange under the symbol RAMP. Its platform, the /LiveRamp Data Collaboration Platform, unites first-, second- and third-party data and offers identity, data access, connectivity and collaboration to build a single privacy-protective customer view 1. The company serves 846 direct customers worldwide and thousands of others indirectly through reseller partnerships 1. Its revenue model rests mainly on annual subscriptions priced by data volume 1.

The activity is organized in four capabilities: Live/Identity, which resolves consumer identities across systems, Live/Access, which gives access to third-party data providers, Live/Connectivity, which distributes data to advertising and connected TV platforms, and Live/Insights, which enables measurement through clean room technology 1. For the quarter ended June 30, 2026, subscription revenue was 160 million USD, up 8%, and Marketplace and other revenue was 54 million USD, up 15% 3.

In May 2026 the company entered a merger agreement under which Publicis Groupe will acquire it in an all-cash transaction at 38.50 USD per share 1. Closing is expected by the end of calendar 2026, subject to stockholder approval and regulatory clearances 2. If the deal completes, the shares would be delisted from the New York Stock Exchange 1.

Segments

Subscriptions (subscription revenue)

Subscription revenue is contracted mainly on an annual basis and is the most predictable part of the business. In the quarter ended June 30, 2026 it reached 160 million USD, and about 84% of it was fixed 3.

Marketplace & Other

This category includes revenue sharing from data transactions on the Data Marketplace, usage-based fees from publishers and addressable TV providers, and professional services. Data Marketplace revenue reached 40 million USD, up 13% 3.

Market context

The company operates in the data collaboration market for advertising and marketing, where brands, agencies and publishers try to link data from different channels into a single consumer view. The market is being shaped by commerce media, meaning advertising that connects exposure to actual sales 1. The company operates globally, with locations in the United States, Europe and Asia-Pacific 1.

The regulatory framework, including GDPR and CCPA, creates both obligations and opportunities for technologies that protect data privacy 1. If advertising budgets shift further toward closed networks, demand for open collaboration could be affected and the addressable market could change 1.

Trends

  • Commerce mediatailwind

    Commerce media advertising, which links ad exposure to sales, is expanding beyond retail into travel, telecommunications and automotive. This could increase demand for data collaboration among partners 1.

  • Artificial intelligence in marketing workflowstailwind

    AI agents automate complex campaigns, and their effectiveness depends on fast access to accurate data. The company has launched programs and integrations with AI partners, which may support this trend 13.

  • Privacy regulationmixed

    Privacy laws are expanding quickly, and most of the US population is now covered by state laws. This raises the compliance burden for all companies that process consumer data 1.

  • Phase-out of third-party cookiesheadwind

    Technology platforms and regulation could restrict the use of third-party cookies. If this practice declines, customers' ability to use the platform could be limited 3.

Competitive position

The source materials describe competition in general terms, especially closed advertising platforms that control data within their own ecosystems. The company positions itself as neutral and interoperable infrastructure in contrast to these platforms 1.

The company relies on a network of more than 500 partners and a data provider ecosystem, a network advantage that is hard to replicate 1. If customers choose in-house solutions or ones built into large platforms, competitive pressure could increase 3.

  • Closed advertising platforms (walled gardens)

    Platforms that strictly control data use outside their own ecosystem, which can limit transparency for brands 1.

  • Retailer commerce media networks

    Advertising networks built by retailers that can compete for brands' marketing budgets 1.

  • Identity and clean room providers

    Other identity and data collaboration vendors offering similar solutions to advertising clients 1.

  • Marketing technology providers with data capabilities

    Marketing technology companies that embed their own data functions, which could reduce the need for a separate vendor 1.

News & filings

In the press

SEC filings

  • Current report02 Nov 2026
    Acquisition or disposition of assets · Delisting notice · Item 3.03 · Item 5.01 · Departure or appointment of officers · Amendments to articles or bylaws · Financial statements and exhibits
  • Current report28 Oct 2026
    Departure or appointment of officers
  • Current report20 Aug 2026
    Departure or appointment of officers
  • Current report17 Aug 2026
    Departure or appointment of officers · Shareholder vote · Financial statements and exhibits
  • Current report10 Aug 2026
    Other events
  • Quarterly report05 Aug 2026
  • Current report05 Aug 2026
    Results of operations · Financial statements and exhibits
  • Current report20 Jul 2026
    Departure or appointment of officers
  • Annual report21 May 2026
  • Current report18 May 2026
    Material agreement · Results of operations · Departure or appointment of officers · Amendments to articles or bylaws · Regulation FD disclosure · Financial statements and exhibits

Sources

  1. [1] Form 10-K, fiscal year ended 2026-03-31 · SEC / LiveRamp Holdings, Inc. · 21 May 2026
  2. [2] Form 10-Q, quarter ended 2026-06-30 · SEC / LiveRamp Holdings, Inc. · 05 Aug 2026
  3. [3] Form 8-K, results release (exhibit 99.1) · SEC / LiveRamp Holdings, Inc. · 05 Aug 2026

Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.