Rambus, Inc.: stock overview

RMBSNASDAQTechnology · Semiconductors & Related Devices

Price

$82.23

November 13, 2026Market cap $8.9B

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  • The full history: 17 fiscal years, from 2009
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

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In short

Rambus had revenue of $796M over the last 12 months and net income of $266M, a net margin of 33.4%. Revenue grew by 23.5% a year on average over the last 5 years. At $82.23 the shares trade at a P/E of 33.3, against a median of 32.0 over the last 3 fiscal years. It holds more cash than debt, by $777M. It pays no dividend.

From its SEC filings (latest fiscal year to December 31, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$8.9B
108M shares
P/E
33.3
Today33.3
Median32.0
Revenue, 12 months
$796M
+23.5% a year over 5 years
Net margin
33.4%
2025: 32.6%, above 96% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

2023–2025 fiscal years

+23.9% a year over 2 years

  • 202510-K
    Revenue$708M
  • 202410-K
    Revenue$557M
  • 202310-K
    Revenue$461M

Fiscal years in figures

RMBS's revenue, profit, cash flow and dividend with each year-end price, from 2009 to 2022, 14 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $7.4B
$8.9B
Enterprise value 
$8.1B
P/E 3-year median: 32.0
33.3
EV / EBIT 
28.0
EV / Revenue 
10.2
P/B 3-year median: 7.1
6.3
FCF yield 3-year median: 3.4%
3.5%
Earnings yield 3-year median: 3.1%
3.0%

Profitability

Gross margin 
79.1%
Operating margin 
36.3%
Net margin 3-year median: 32.6%
33.4%
ROIC 
17.5%
ROIC, 5-year average 
9.9%
ROE 
19.2%

Growth

Revenue, yearly change 
+27.1%
EPS, yearly change 
+27.9%
FCF, yearly change 
+66.7%
Revenue, average a year 
+23.5%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$777M
Total debt 
$20M
Of which operating leases 
$20M
Net cash 
$777M
Net debt / EBITDA 
-2.6x
Interest cover 
244.9x
Current ratio 
9.38

Balance sheet of September 30, 2026.

Returns to shareholders

Dividend yield 
0.00%
Buybacks 
0.08%
Total returned 
0.08%
Shares, yearly change 
+0.9%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 36).

Gross margin

79.6%

Above 99% of the 179 companies in its industry, and 95% of all.

Operating margin

36.8%

Above 98% of the 189 companies in its industry, and 95% of all.

Net margin

32.6%

Above 96% of the 193 companies in its industry, and 93% of all.

ROE

16.9%

Above 79% of the 176 companies in its industry, and 79% of all.

ROA

15.1%

Above 92% of the 194 companies in its industry, and 94% of all.

Revenue growth

27.1%

Above 80% of the 183 companies in its industry, and 87% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
RAMBUS INC
Exchange
NASDAQ
Industry (SIC)
3674 · Semiconductors & Related Devices
Fiscal year ends
December 31
Latest annual report
December 31, 2025
Reporting currency
USD
Shares
108M

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The full analysis

What do Rambus's filings show?

These are Rambus's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about RMBS

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What is RMBS's market cap?

Rambus, Inc.'s market cap is $8.9B, at a price of $82.23 on November 13, 2026 and 108M shares.

What is RMBS's P/E?

RMBS's P/E is 33.3, on earnings per share of $2.43 over the last 12 months. The median over the last 3 fiscal years was 32.0.

How much revenue does RMBS have?

Rambus had revenue of $796M over the last 12 months. Over the last 5 years it changed by +23.5% a year on average.

Does RMBS pay a dividend?

No. Rambus paid no regular dividend over the last 12 months.

Where do the figures come from?

From Rambus, Inc.'s SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.