LiveRamp Holdings Files Q1 2025 10-Q

TL;DR

LiveRamp (ACXM) dropped its Q1 2025 10-Q. Check financials.

AI Summary

LiveRamp Holdings, Inc. filed its 10-Q for the period ending June 30, 2024. The company, formerly known as Acxiom Holdings, Inc., reported financial results for its first fiscal quarter of 2025. Key financial data and operational details are presented in this filing.

Why It Matters

This filing provides investors and analysts with the latest financial performance and operational updates for LiveRamp Holdings, Inc., crucial for understanding the company's current standing and future prospects.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing financial updates, not indicating any immediate or significant new risks.

Key Numbers

• 2025 — Fiscal Year (The filing covers the first quarter of fiscal year 2025.)
• 2024 — Fiscal Year (Comparative data from the previous fiscal year is likely included.)

Key Players & Entities

• LiveRamp Holdings, Inc. (company) — Filer
• Acxiom Holdings, Inc. (company) — Former company name
• 20240630 (date) — Reporting period end date
• 20240807 (date) — Filing date

FAQ

Filing Documents

• ramp-20240630.htm (10-Q) — 1127KB
• a2025q1ex311ceosection302c.htm (EX-31.1) — 11KB
• a2025q1ex312cfosection302c.htm (EX-31.2) — 11KB
• a2025q1ex321ceosection1350.htm (EX-32.1) — 5KB
• a2025q1ex322cfosection1350.htm (EX-32.2) — 5KB
• ramp-20240630_g1.jpg (GRAPHIC) — 136KB
• 0000733269-24-000027.txt ( ) — 7816KB
• ramp-20240630.xsd (EX-101.SCH) — 61KB
• ramp-20240630_cal.xml (EX-101.CAL) — 98KB
• ramp-20240630_def.xml (EX-101.DEF) — 235KB
• ramp-20240630_lab.xml (EX-101.LAB) — 693KB
• ramp-20240630_pre.xml (EX-101.PRE) — 502KB
• ramp-20240630_htm.xml (XML) — 1104KB

Forward-looking Statements

Forward-looking Statements 3

Financial Information

Part I. Financial Information Item 1.

Financial Statements

Financial Statements 6 Condensed Consolidated Balance Sheets as of June 30, 2024 (Unaudited) and March 31, 2024 6 Condensed Consolidated Statements of Operations for the three months ended June 30, 2024 and 2023 (Unaudited) 7 Condensed Consolidated Statements of Comprehensive Loss for the three months ended June 30, 2024 and 2023 (Unaudited) 8 Condensed Consolidated Statements of Equity for the three months ended June 30, 2024 (Unaudited) 9 Condensed Consolidated Statements of Equity for the three months ended June 30, 2023 (Unaudited) 10 Condensed Consolidated Statements of Cash Flows for the three months ended June 30, 2024 and 2023 (Unaudited) 11 Notes to Condensed Consolidated Financial Statements 13 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 30 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 43 Item 4.

Controls and Procedures

Controls and Procedures 43

Other Information

Part II. Other Information Item 1.

Legal Proceedings

Legal Proceedings 44 Item 1A.

Risk Factors

Risk Factors 44 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 45 Item 3. Defaults Upon Senior Securities 46 Item 4. Mine Safety Disclosures 46 Item 5. Other Information 46 Item 6. Exhibits 47 Signature 48 2

Forward-looking Statements

Forward-looking Statements This Quarterly Report on Form 10-Q, including, without limitation, the items set forth beginning in the Management's Discussion and Analysis of Financial Condition and Results of Operations, contains and may incorporate by reference certain statements that may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended (the "PSLRA"), and that are intended to enjoy the protection of the safe harbor for forward-looking statements provided by the PSLRA. These statements, which are not statements of historical fact, may contain estimates, assumptions, projections and/or expectations regarding the Company's financial position, results of operations, market position, product development, growth opportunities, economic conditions, and other similar forecasts and statements of expectation. Forward-looking statements are often identified by words or phrases such as "anticipate," "estimate," "plan," "expect," "believe," "intend," "foresee," or the negative of these terms or other similar variations thereof. These forward-looking statements are not guarantees of future performance and are subject to a number of factors and uncertainties that could cause the Company's actual results and experiences to differ materially from the anticipated results and expectations expressed in the forward-looking statements.

Forward-looking statements may include but are not limited to the following

Forward-looking statements may include but are not limited to the following: management's expectations about the macro economy and trends within the consumer or business information industries, including the use of data and consumer expectations related thereto; our expectations regarding laws, regulations and industry practices governing the collection and use of personal data; our expectations regarding the potential impact of public health crises, similar to the COVID-19 pandemic, on our business, operations, and the markets in which we and our partners and customers operate; our expectations regarding the impact of tax-related legislation on our tax position; our estimates, assumptions, projections and/or expectations regarding the Company's annualized future cost savings and expenses associated with our global workforce strategy and real estate footprint reduction; Among the factors that may cause actual results and expectations to differ from anticipated results and expectation

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Dollars in thousands) June 30, March 31, 2024 2024 ASSETS (unaudited) Current assets: Cash and cash equivalents $ 310,396 $ 336,867 Restricted cash 2,618 2,604 Short-term investments 32,333 32,045 Trade accounts receivable, net 206,305 190,313 Refundable income taxes, net 1,929 8,521 Other current assets 31,456 31,682 Total current assets 585,037 602,032 Property and equipment, net of accumulated depreciation and amortization 7,696 8,181 Intangible assets, net 30,737 34,583 Goodwill 501,721 501,756 Deferred commissions, net 45,402 48,143 Other assets, net 35,663 36,748 $ 1,206,256 $ 1,231,443 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Trade accounts payable $ 84,769 $ 81,202 Accrued payroll and related expenses 23,216 61,575 Other accrued expenses 43,220 42,857 Deferred revenue 38,433 30,942 Total current liabilities 189,638 216,576 Other liabilities 64,742 65,732 Commitments and contingencies (Note 14) Stockholders' equity: Preferred stock — — Common stock 15,726 15,594 Additional paid-in capital 1,966,578 1,933,776 Retained earnings 1,306,683 1,314,172 Accumulated other comprehensive income 3,892 3,964 Treasury stock, at cost ( 2,341,003 ) ( 2,318,371 ) Total stockholders' equity 951,876 949,135 $ 1,206,256 $ 1,231,443 See accompanying notes to condensed consolidated financial statements. 6 LIVERAMP HOLDINGS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (Dollars in thousands, except per share amounts) For the three months ended June 30, 2024 2023 Revenues $ 175,961 $ 154,069 Cost of revenue 51,749 45,621 Gross profit 124,212 108,448 Operating expenses Research and development 44,118 34,519 Sales and marketing 54,175 44,879 General and administrative 30,961 26,664 Gains, losses and other items, net 206 116 Total operating expenses 129,460 10

View Full Filing

View this 10-Q filing on SEC EDGAR