LiveRamp Holdings, Inc. New Standards Disclosure
| Accounting Pronouncements Adopted During the Current Year - | |||||||||||
| Standard | Description | Date of Adoption | Effect on Financial Statements or Other Significant Matters | ||||||||
Accounting Standard Update (“ASU”) 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures | ASU 2023-09 requires greater disaggregated information about a reporting entity's effective tax rate reconciliation as well as information on income tax paid. | The ASU became effective for the Company's annual periods beginning with fiscal 2026. | ASU 2023-09 affected financial statement disclosure only, and its adoption did not affect our financial condition and results of operations. | ||||||||
| Recent accounting pronouncements not yet adopted - | |||||||||||
| Standard | Description | Date of Adoption | Effect on Financial Statements or Other Significant Matters | ||||||||
ASU 2024-03 Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses | ASU 2024-03 requires more detailed information about the types of expenses included in certain expense captions presented on the consolidated statements of operations. Additionally, this amendment requires the disclosure of a qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated quantitatively and the disclosure of the total amount of selling expenses. The new guidance does not change the expense captions on the statements of operations. | The updated standard is effective for us beginning in fiscal 2028. Early adoption is permitted. | We are currently evaluating the impact that the updated standard will have on our consolidated financial statements and disclosures. | ||||||||
ASU 2025-06 Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software | ASU 2025-06 modernizes the accounting for internal-use software. It removes all references to software development stages and requires capitalization of software costs when management has committed to the software project and it is probable the software will be completed and perform its intended use. | The updated standard is effective for us beginning in fiscal 2029. Early adoption is permitted. | We are currently evaluating the impact that the updated standard will have on our consolidated financial statement disclosures. | ||||||||
ASU 2025-11 Interim Reporting (Topic 270): Narrow-Scope Improvements | ASU 2025-11 is intended to update the guidance in Topic 270 by improving navigability of the required interim disclosures, clarifying when that guidance is applicable and adding a principle that requires reporting entities to disclose events since the end of the last annual reporting period that have a material impact on the entity. | The updated standard is effective for us beginning in fiscal 2029. Early adoption is permitted. | We are currently evaluating the impact that the updated standard will have on our consolidated financial statement disclosures. | ||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | May 21, 2026 | Showing above |
| 2025 | May 21, 2025 | |
| 2024 | May 22, 2024 | |
| 2023 | May 24, 2023 | |
| 2022 | May 24, 2022 | |
| 2021 | May 27, 2021 | |
| 2020 | May 26, 2020 | |
| 2019 | May 29, 2019 | |
| 2018 | May 25, 2018 | |
| 2017 | May 26, 2017 | |
| 2016 | May 27, 2016 | |
About New Standards Disclosures
New accounting standards disclosures describe recently adopted pronouncements and those not yet effective, along with management's assessment of their expected impact. This section provides an early warning system for upcoming changes to how a company reports its financial results, often years before the new rules take effect.
Key signals: when management describes a not-yet-adopted standard's impact as "material" or "still being evaluated," it signals potential significant changes to reported metrics upon adoption. Watch for standards that affect a company's core operations — for example, revenue recognition changes for software companies or lease accounting changes for retailers with large store footprints. The transition method chosen (full retrospective versus modified retrospective) affects comparability with prior periods. Companies that delay adoption to the latest permitted date may be struggling with implementation complexity. Compare the disclosed impact assessments against peers in the same industry to gauge whether management's expectations are reasonable.