Company Analysis

Rambus Inc. (RMBS)

Nasdaq: RMBS · Semiconductors & Related Devices · San Jose, CA · filing with the SEC since 1997
Grade6.4
◀ Past 4.6● Present 7.4▶ Future 7.0

The grade of Rambus Inc.

Nine metrics read from its own filings, by tense
Headline grade
6.4/10
◀ Past4.630% of the headline
● Present7.440% of the headline
▶ Future7.030% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

4.6/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
2.5/10

Has it survived what it has been through?

2 warning events since 2017; the latest 2024-02-28.

weight 33% of this tense · 25th percentile among 99 sector filers · read for itself

From the record

Rambus Inc.'s filings since 2017 show 2 warning events of 2 kinds: a warning not to rely on past financial statements (8-K item 4.02, the latest 2021-03-16); an auditor change (8-K item 4.01, the latest 2024-02-28) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
5.3/10

What has it actually done, year after year?

+8.6% a year over 10 filed years; profitable in 5 of 10.

weight 45% of this tense · 53rd percentile among 93 sector filers · read for its customers

From the record

Rambus Inc.'s 10 filed years say what it did: revenue went from $337 million in fiscal 2016 to $708 million in fiscal 2025, up 8.6% a year; it rose in 7 of 9 years; the deepest fall was 42% from fiscal 2017 to fiscal 2019; net income was positive in 5 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span8.6%top 39% of its family
  • the share of years revenue rosetop 27% of its family
  • the share of filed years with a profitbottom 41% of its family
  • the deepest fall from a revenue peak42.1%bottom 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
6.2/10

How has it treated the people who own it?

Share count shrank 0.1% a year. 28% of cash flow returned. Insiders: 34 sales, 0 purchases.

weight 22% of this tense · 62nd percentile among 67 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Rambus Inc.'s diluted share count shrank about 0.1% a year, and dividends and buybacks returned about 28% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 34 sales (22 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-10-05 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 28% of its family
  • cash returned against operating cash flowtop 47% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

7.4/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
8.0/10

Is it financially healthy right now?

ROE 17%: 17¢ of profit per shareholder dollar. Leverage 11%: owes 11¢ per asset dollar.

weight 45% of this tense · 80th percentile among 95 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Rambus Inc. earned about 17 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 37 cents per dollar of everything the company owns. Leverage: it owed about 11 cents per dollar of assets, and net share issuance: its share count grew 0.2% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 8% of its family
  • return on equitytop 23% of its family
  • gross profit against assetstop 14% of its family
  • the share count against the year beforetop 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
7.1/10

How strong is its position in its industry?

top 29% of 97 in its family; net margin 32.6%.

weight 33% of this tense · 71st percentile among 97 sector filers · read for its customers

From the record

Rambus Inc.'s standing among 97 graded names in its industry family: revenue of $708 million in fiscal 2025 ranks in the bottom 47% by size; a net margin of 32.6% ranks in the top 10%; revenue growth of 15.9% a year over the last 3 filed years ranks in the top 25% (its annual reports).

What it rests on

  • revenue against the family$708Mbottom 47% of its family
  • net margin32.6%top 10% of its family
  • three-year revenue growth15.9%top 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
6.8/10

What are the people in charge doing?

top 32% of 67 in its family for leadership; chief executive since 2018.

weight 22% of this tense · 68th percentile among 67 sector filers · read for its shareholders

From the record

Rambus Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Seraphin, Luc (President and CEO, as filed), filing under that title since 2018-07-05, 8.4 years (top 31% of its family); the 14 officers and directors filing in the last fifteen months have been on the record a median of 6.4 years (top 48%); 4 officer or director changes were reported on Form 8-K since 2023-11-13, against the 14 people in charge now (top 17%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge4 in three years among 14 peopletop 17% of its family
  • the median years the people in charge have filed6.4 yearstop 48% of its family
  • the chief executive's years on the record8.4 yearstop 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

7.0/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
7.9/10

How much room does it have to grow?

top 21% of 94 in its family for room to expand.

weight 45% of this tense · 79th percentile among 94 sector filers · read for itself

From the record

Rambus Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $183 million against no long-term debt tagged leaves 12% of its assets as net cash, top 49% of its family; cash from operations less capital spending is 47.1% of revenue (top 2%); a gross margin of 79.6% (top 4%); research spending of 26.5% of revenue (top 31%) (its annual report).

What it rests on

  • cash less debt against assets12.0%top 49% of its family
  • cash from operations less capital spending against revenue47.1%top 2% of its family
  • gross margin79.6%top 4% of its family
  • research spending against revenue26.5%top 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
6.7/10

What could actually drive growth from here?

top 33% of 93 in its family for growth drivers.

weight 33% of this tense · 67th percentile among 93 sector filers · read for its customers

From the record

Rambus Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 15.9% a year over the last three filed years against 8.6% over all 10, speeding up (top 14% of its family); the newest year grew 27.1% (top 31%); research spending grew 5.7% a year (top 49%); capital spending grew 15.4% a year (top 40%) (its annual reports). Rambus Inc. reported 3 product lines in fiscal 2025: Product Revenue at $348 million (49%), Royalty at $279 million (40%), Contractandother Revenue at $80 million (11%); 2 of 3 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+7.3 points a yeartop 14% of its family
  • the newest year's revenue growth27.1%top 31% of its family
  • three-year growth of research spending5.7%top 49% of its family
  • three-year growth of capital spending15.4%top 40% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.5/10

Did its newest year beat what its own record pointed to?

top 45% of 88 in its family for expectations against reality.

weight 22% of this tense · 55th percentile among 88 sector filers · read for its shareholders

From the record

Rambus Inc.'s newest year against its own record: revenue of $708 million in fiscal 2025 came in 14.9% above the $616 million its prior three years' pace pointed to (bottom 48% of its family); net income of $230 million against a prior three-year average of $166 million (top 32%); a net margin of 32.6% against 33.9% before (bottom 49%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace14.9%bottom 48% of its family
  • net income against the prior three years' average+38%top 32% of its family
  • net margin against its prior average-1.3 pointsbottom 49% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton RMBS · research, not advice