Highlights

  • LiveRamp shows 1,021.18% one-year basic EPS growth, a P/E of 15.81 and PEG of 0.79.
  • Revenues were $214.0 million in the June 2026 quarter, against $194.8 million.
  • A Publicis subsidiary agreed on May 16 to acquire LiveRamp for $38.50 per share.
  • Net earnings were $17.5 million, or $0.28 per diluted share, against $0.12.

LiveRamp (NYSE:RAMP) shares were trading at USD 38.22 on October 28, 2026, up 0.07%, alongside one-year basic EPS growth of 1,021.18%, a trailing twelve-month P/E of 15.81 and an expected-basis PEG of 0.79, the three figures behind its place among undervalued growth stocks. In its latest disclosures, the data collaboration company entered into a merger agreement with a subsidiary of Publicis Groupe S.A. on May 16, 2026, filed a definitive proxy statement on July 6, 2026, and reported net earnings of $17.5 million for the quarter ended June 30, 2026.

LiveRamp is a Delaware corporation headquartered in San Francisco, California. It provides a data collaboration platform on which businesses share and manage first-party consumer data with partners. The company reports one operating and reportable segment and earns revenue from subscription fees and from Marketplace and Other sources, including Data Marketplace revenue-sharing and professional services. It serves 845 direct customers worldwide, and its fiscal year ends March 31.

Growth: Quarterly Earnings, Subscription and Marketplace Revenue

Net earnings were $17.5 million for the quarter ended June 30, 2026, against $7.7 million a year earlier. Basic earnings per share were $0.29 against $0.12, and diluted earnings per share were $0.28 against $0.12. Income from operations was $20.2 million against $7.2 million, and operating margin was 9.4% against 3.7%, which the company attributed to higher gross profit.

Revenues were $214.0 million, a 9.8% increase from $194.8 million. Subscription revenue grew $12.0 million, or 8.1%, primarily on upsell to existing customers and higher variable revenue. Marketplace and Other revenue grew $7.2 million, or 15.4%, primarily on Data Marketplace and other transactional growth. International revenue increased 23.2%. Gross margin was 70.5% against 70.1%.

Valuation: P/E of 15.81, PEG of 0.79 and Operating Metrics

The P/E ratio of 15.81 is measured on trailing twelve-month earnings, and the PEG ratio of 0.79 on expected growth. The company reports annualized recurring revenue of $539 million against $502 million, up 7%, with subscription net retention of 103% against 104%. Remaining performance obligation was $685 million against $690 million, and current remaining performance obligation was $482 million against $451 million, up 7%.

Net cash provided by operating activities was $17.0 million, against $15.8 million used a year earlier. Research and development expense was 17.4% of revenues against 20.3%, and the effective tax rate was 24.7% against 29.1%.

Capital: Cash, Paused Repurchases and the Merger Terms

Cash and cash equivalents were $363.5 million at June 30, 2026, of which approximately $24.1 million was located outside the United States. Working capital was $396.4 million, against $388.4 million at March 31, 2026. Management stated that existing cash is sufficient for the next 12 months and beyond.

On February 12, 2026, the board increased the total repurchase authorization to $1.5 billion and extended the program through December 31, 2027. The company repurchased 0.6 million shares for $17.6 million in the quarter, against 1.1 million shares for $29.9 million a year earlier. Through June 30, 2026 it had repurchased 49.2 million shares for $1.3 billion, leaving $244.2 million of capacity. Under the merger agreement, repurchases are paused until the merger completes.

Disclosed Risks and Outlook for the Merger

Under the merger agreement, each share of common stock converts into the right to receive $38.50 in cash, without interest. The merger is expected to close by the end of calendar year 2026, subject to customary conditions, including approval at the August 2026 special stockholders' meeting and required regulatory approvals. If it closes, the common stock will be delisted from the New York Stock Exchange and deregistered. The company recorded $6.5 million of acquisition-related charges in the quarter; the agreement also restricts issuing equity and incurring indebtedness.

A purported class action filed on January 24, 2025 in the United States District Court for the Northern District of California alleges violations of California and federal privacy and wiretap laws and seeks unspecified monetary damages. Discovery has begun, class certification issues are anticipated to be determined in early 2027, and the company said it intends to defend the matter vigorously.

The company also reported that subscription net retention decreased 1% on lower variable revenue contribution, that remaining performance obligation decreased 1%, and that United States gross margin decreased to 70.1% from 70.6% as cloud infrastructure costs rose $6.0 million. It cited tariffs, recession risk and inflationary pressures as factors that could change its liquidity position. The filing contains no revenue or earnings guidance.