RBBN
Ribbon Communications Inc.2.8900
-0.0100-0.35%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Voice bookings color, back-end loaded guide
Q&A unpacked the $50 million non-Verizon voice modernization bookings across ~12 customers, including sizable ones, with 25% revenue in Q4 and the rest over 15 months—far shorter than Verizon's multi-year phase 1, now halfway done on a third of its network. Delays split evenly between Cloud & Edge deployments (tied to restructurings) and IP optical budget issues like BEAD, with ~$6 million slipping to Q1 but the year back-end loaded amid Verizon-Frontier uncertainty, federal ramps, and India CapEx sustainability questions. Verizon halfway through phase 1. Acumen has 12 POCs teed up for H2 proof. Management stayed cautious; watch voice ramp and BEAD funnel.
Key Stats
Market Cap
511.77MP/E (TTM)
-Basic EPS (TTM)
-0.24Dividend Yield
0%Recent Filings
10-K
FY2025 results
Ribbon Communications posted FY2025 revenue of $844.6 million, up 1.3% y/y, with Cloud and Edge up 1.2% to $511.4 million on stronger U.S. service provider demand while IP Optical grew 1.3% to $333.1 million led by India sales despite Eastern Europe weakness. Gross margin slipped to 49.8% from 52.7%, pressured by lower-margin professional services in voice modernization and IP Optical regional mix. Q4 accelerated with service revenue up 6.0% y/y on U.S. providers, though product sales dipped 2.8%; Cloud and Edge margins held at 63.2% while IP Optical's fell to 29.3%. Operating loss narrowed to $3.3 million amid $19.7 million restructuring; $51.4 million operating cash flow funded $9.0 million buybacks under the $50 million program ($41 million remains). Debt stands at $342 million under the 2024 facility (10.3% rate, compliant covenants); no 2026 guidance disclosed. Quarterly revenue fluctuates unpredictably.
8-K
Q4 miss, FY growth, 2026 flat
Ribbon Communications reported Q4 revenue of $227M, down from $251M last year due to customer delays, yet full-year revenue rose to $845M from $834M with record bookings over $50M in voice modernization. U.S. Tier 1 sales surged over 25%. A new tax benefit cuts future cash taxes by $15-20M; 2026 revenue outlook holds flat at $840-875M amid H1 uncertainty.
10-Q
Q3 FY2025 results
Ribbon Communications posted Q3 revenue of $215.4M, up 2.4% y/y, with IP Optical Networks driving gains while Cloud and Edge dipped; gross margin slipped to 50.1% from 52.1% on product mix. Operating income flipped to $2.8M from a $0.9M loss, thanks to lower G&A, yet net loss widened to $12.1M from $13.4M due to $11.6M interest expense. Cash from operations strengthened to $22.2M YTD (from -$11.5M), funding $23.4M capex; $344.3M term debt at 10.6% rolls to 2029 with $35M revolver available. Stock repurchases hit $5.7M YTD. Customer concentration lingers.
8-K
Q3 revenue up 2%, IP Optical +11%
Ribbon Communications posted Q3 revenue of $215M, up 2% YoY, with IP Optical Networks sales surging 11% on EMEA and India strength. GAAP operating income flipped to $3M from a $1M loss; YTD revenue climbed 6%. Acumen AIOps platform launched with a major U.S. carrier win. Momentum strong. Q4 guides $230M-$250M revenue, $42M-$48M adjusted EBITDA.
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