LiveRamp Holdings, Inc.RAMP
LiveRamp Holdings, Inc. Segments Disclosure
16. SEGMENT AND GEOGRAPHIC INFORMATION:
The Company provides a data collaboration platform, essentially acting as a data collaboration hub where businesses can securely share and manage first-party consumer data with trusted partners while prioritizing data privacy and ethics. The Company has one primary business activity, its data collaboration platform, as described in the business description section of Note 1, "Organization and Summary of Significant Accounting Policies." The Company generates revenue from subscription fees from clients accessing our platform and from transactional usage-based fees from arrangements with certain publishers and addressable TV providers, and professional services fees. The platform is used by customers globally in a similar manner across geographies, channels and verticals.
The Company’s chief operating decision maker (“CODM”), the Chief Executive Officer (“CEO”), manages the Company’s business activities as a single operating and reportable segment at the consolidated level. Under ASC 280 Segment Reporting, operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by our CODM. Our CODM uses net income (loss), among other measures, for budgeting and resource allocation purposes on a consolidated basis. Consolidated net income (loss) on the consolidated statements of operations is the measure of financial profit and loss most closely aligned with generally accepted accounting principles that is used by the CODM to assess performance against the Company’s annual financial plans as well as to allocate resources, such as decisions regarding headcount goals, significant contracts, internal investments and other items. The measure of segment assets is reported on the consolidated balance sheets as total consolidated assets.
LiveRamp’s CODM regularly reviews significant segment expenses by the nature of the cost: cost of revenue, research and development, sales and marketing, general and administrative, and gains, losses and other items, net. This is consistent with the Company’s presentation on its consolidated statements of operations. Other significant segment expenses within income from operations include depreciation and amortization expenses and stock compensation expenses that are presented in more detail in the consolidated statements of cash flows and in Note 13, "Stockholders' Equity and Stock-Based Compensation", as well as employee-related expenses, excluding stock compensation expenses, which is detailed below (dollars in thousands).
| For the twelve months ended | ||||||||||||||||||||
| March 31, | ||||||||||||||||||||
| 2026 | 2025 | 2024 | ||||||||||||||||||
| Employee-related expenses | $ | 434,514 | $ | 468,407 | $ | 413,357 | ||||||||||||||
| Less: stock compensation expenses | (82,988) | (107,979) | (71,304) | |||||||||||||||||
| Employee-related expenses, net of stock compensation expenses | $ | 351,526 | $ | 360,428 | $ | 342,053 | ||||||||||||||
Other significant segment expenses within net earnings from continuing operations include other income (expense) (primarily interest income and expense), and income tax expense (benefit) that is presented in more detail in the consolidated statements of operations.
Since the Company operates as one operating segment, financial segment information, including significant segment expenses, profit or loss and asset information, can be found in the consolidated financial statements except for interest expense and interest income. Interest expense and interest income are included in total other income, net on the consolidated statements of operations, which is detailed below (dollars in thousands).
| For the twelve months ended | ||||||||||||||||||||
| March 31, | ||||||||||||||||||||
| 2026 | 2025 | 2024 | ||||||||||||||||||
| Interest expense | $ | (32) | $ | (167) | $ | (436) | ||||||||||||||
| Interest income | 14,822 | 17,501 | 24,046 | |||||||||||||||||
| Other non-operating gains (losses) | (192) | 102 | (653) | |||||||||||||||||
| Total other income, net | $ | 14,598 | $ | 17,436 | $ | 22,957 | ||||||||||||||
Geographic information
The Company attributes revenue to each geographic region based on the location of the Company’s operations. The following table shows financial information by geographic area (dollars in thousands):
| For the twelve months ended | ||||||||||||||||||||
| March 31, | ||||||||||||||||||||
| 2026 | 2025 | 2024 | ||||||||||||||||||
| Revenue | ||||||||||||||||||||
| United States | $ | 763,188 | $ | 704,653 | $ | 618,526 | ||||||||||||||
| Foreign | ||||||||||||||||||||
| Europe | 41,363 | 34,308 | 34,109 | |||||||||||||||||
| Asia-Pacific ("APAC") | 6,203 | 5,208 | 5,896 | |||||||||||||||||
| Other | 2,186 | 1,411 | 1,130 | |||||||||||||||||
| All Foreign | 49,752 | 40,927 | 41,135 | |||||||||||||||||
| $ | 812,940 | $ | 745,580 | $ | 659,661 | |||||||||||||||
Long-lived assets excluding financial instruments (dollars in thousands):
| March 31, 2026 | March 31, 2025 | |||||||||||||
| United States | $ | 636,725 | $ | 596,396 | ||||||||||
| Foreign | ||||||||||||||
| Europe | 3,693 | 6,122 | ||||||||||||
| APAC | 535 | 588 | ||||||||||||
| Other | 83 | 76 | ||||||||||||
| All Foreign | 4,311 | 6,786 | ||||||||||||
| $ | 641,036 | $ | 603,182 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | May 21, 2026 | Showing above |
| 2025 | May 21, 2025 | |
| 2018 | May 25, 2018 | |
| 2017 | May 26, 2017 | |
| 2016 | May 27, 2016 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.