| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 64 | 15.7x | 17.8x | Around median | |
Growth | 85 | 8.9% | 7.1% | Top tier | |
Quality | 89 | 14.1% | 4.5% | Top tier | |
Safety | 91 | — | 2.6x | Top tier | |
Capital Return | 80 | — | 2.12% | Top tier | |
Momentum | 95 | 39.8% | 2.9% | Top tier | |
Sentiment | 68 | 4 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
LiveRamp operates a data collaboration platform that connects advertisers, publishers, retail media networks, and advertising technology platforms across clouds and partners. Its revenue model is based on fixed subscription and usage-based revenue, in addition to the data marketplace and other services; the platform provides a consent-based identity graph, connectivity and activation tools, clean rooms for measurement, and controls for data governance and encryption. In fiscal Q3 2026, subscription revenue was $158 million of the $212 million total, or about 75%, while the data marketplace and other services generated $54 million, or about 25%.
In fiscal Q1 2027, LiveRamp reported revenue of $214.0 million and gross profit of $150.9 million, equivalent to a calculated gross margin of about 70.5%. Net income was $17.5 million, equivalent to a calculated net margin of about 8.2%, while earnings per share were $0.28. These results compare with revenue of $812.9 million, gross profit of $574.8 million, and net income of $146.0 million in fiscal 2026.
The fiscal Q3 2026 call showed expansion in the business base: total revenue and subscription revenue each increased 9%, and annual recurring revenue increased $11 million sequentially and 7% year over year. The customer count increased by 15, the best increase in 12 quarters, while the number of subscription customers worth more than $1 million each increased by eight to a record 140. Subscription net revenue retention also reached 101%, and total remaining performance obligations increased 23% to $710 million.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus is “Buy,” with an average target of $38.5 and identical high and low targets of $38.5; this target is only slightly above the 52-week range high of $38.23, while the range low is $21.71. No price-to-earnings ratio is available in the provided data, so the stock’s valuation rests on executing a growth acceleration from 9% in fiscal 2026 toward 10%–15% and increasing the non-GAAP operating margin from 22% to 25%–30% by fiscal 2028, with fiscal Q4 2026 margin pressure remaining a countervailing factor.
Figures in the text are as of 2026-09-01; the live price is shown at the top of the page.
LiveRamp generates revenue from fixed and usage-based subscriptions and from the data marketplace and other services. In fiscal Q3 2026, subscription revenue was $158 million of the $212 million total, while data marketplace and other services revenue was $54 million. Within subscriptions, fixed revenue grew 8% and usage-based revenue grew 13% year over year. The platform provides identity, connectivity, clean-room, measurement, and data-governance services across a network of advertisers, publishers, retail media networks, and advertising technology platforms.
Management believes AI increases the speed and volume of data flowing through LiveRamp’s network rather than replacing the platform. By the February 5, 2026 call, the company had signed more than 20 AI partnerships, including an integration with Google to connect loyalty data to its AI-powered shopping mode. Management estimated that about 10% of activations were going to AI-related or AI-enabled partnerships, but described the figure as an estimate. It also expanded the data marketplace to include the licensing of training data, AI models, applications, and agents.
In fiscal Q3 2026, annual recurring revenue increased $11 million sequentially and 7% year over year. The company added 15 customers, the largest increase in 12 quarters, and the number of customers with subscriptions exceeding $1 million increased by eight to 140. Subscription net revenue retention was 101%, within the near-term target range of 100% to 105%. Total remaining performance obligations also increased 23% to $710 million.
The new model reduces the upfront fixed commitment and allows customers to use tokens applicable across all platform capabilities during a 12-month contract. Management said on February 5, 2026 that the trial with direct brand customers improved new customer acquisition, particularly among mid-market brands, and that it would expand the model in fiscal 2027. The expanded Publicis agreement also moved to a structure that links LiveRamp’s revenue more closely to platform usage and covers all of its capabilities. However, management expected the impact to take several quarters to emerge and the uplift to be modest in the second half of fiscal 2027.
LiveRamp is targeting the Rule of 40 in fiscal 2028 through revenue growth of 10% to 15% and a non-GAAP operating margin of 25% to 30%. In fiscal 2026, the company targeted growth of about 9% and an operating margin of 22%, representing a Rule of 31. Management said the operating margin expanded by an average of three points annually during the five years ending in fiscal 2026, with a four-point expansion expected in fiscal 2026. Reaching the target requires continued ARR growth, expanded usage-based pricing, and additional efficiencies from moving some work to lower-cost locations.
Cash and short-term investments totaled about $403 million in fiscal Q3 2026, and the company had no debt. Free cash flow reached a quarterly record of $67 million, of which $39 million was used to repurchase shares. Since the beginning of fiscal 2026, repurchases totaled $119 million compared with free cash flow of $108 million. There was $137 million remaining under the repurchase authorization, which management said expires on December 31.
