--- title: "Ribbon Communications | 8-K: FY2025 Q4 Revenue Misses Estimate at USD 227.32 M" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/275032730.md" datetime: "2026-02-05T21:22:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275032730.md) - [en](https://longbridge.com/en/news/275032730.md) - [zh-HK](https://longbridge.com/zh-HK/news/275032730.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/275032730.md) | [English](https://longbridge.com/en/news/275032730.md) # Ribbon Communications | 8-K: FY2025 Q4 Revenue Misses Estimate at USD 227.32 M Revenue: As of FY2025 Q4, the actual value is USD 227.32 M, missing the estimate of USD 241.35 M. EPS: As of FY2025 Q4, the actual value is USD 0.5. EBIT: As of FY2025 Q4, the actual value is USD 10.69 M. #### Fourth Quarter 2025 Financial Results - Revenue for the fourth quarter of 2025 was $227 million, compared to $251 million for the fourth quarter of 2024 . - GAAP Operating Income was $9 million for the fourth quarter of 2025, compared to $33 million for the fourth quarter of 2024 . - Non-GAAP Adjusted EBITDA was $40 million for the fourth quarter of 2025, compared to $55 million for the fourth quarter of 2024 . - GAAP Gross Margin was 53.3% for the fourth quarter of 2025, compared to 55.7% for the fourth quarter of 2024 . - Non-GAAP Gross Margin was 55.4% for the fourth quarter of 2025, compared to 58.1% for the fourth quarter of 2024 . #### Full Year 2025 Financial Results - Full-Year Revenue for 2025 was $845 million, compared to $834 million for 2024 . - GAAP Operating Income was - $3 million for 2025, compared to $17 million for 2024 . - Non-GAAP Adjusted EBITDA was $107 million for 2025, compared to $119 million for 2024 . - GAAP Gross Margin was 49.8% for 2025, compared to 52.7% for 2024 . - Non-GAAP Gross Margin was 52.3% for 2025, compared to 55.9% for 2024 . #### Revenue by Category - **Fourth Quarter 2025**: - Product Revenue: $127,560 thousand . - Service Revenue: $99,763 thousand . - Total Revenue: $227,323 thousand . - **Fourth Quarter 2024**: - Product Revenue: $148,335 thousand . - Service Revenue: $103,024 thousand . - Total Revenue: $251,359 thousand . - **Full Year 2025**: - Product Revenue: $434,587 thousand . - Service Revenue: $409,969 thousand . - Total Revenue: $844,556 thousand . - **Full Year 2024**: - Product Revenue: $447,229 thousand . - Service Revenue: $386,652 thousand . - Total Revenue: $833,881 thousand . #### Operating Expenses - **Fourth Quarter 2025**: Total Operating Expenses were $111,766 thousand, including $44,714 thousand for Research and development, $35,688 thousand for Sales and marketing, $16,113 thousand for General and administrative, $5,786 thousand for Amortization of acquired intangible assets, and $9,465 thousand for Restructuring and related . - **Fourth Quarter 2024**: Total Operating Expenses were $106,853 thousand, including $45,044 thousand for Research and development, $37,070 thousand for Sales and marketing, $17,060 thousand for General and administrative, $6,298 thousand for Amortization of acquired intangible assets, and $1,381 thousand for Restructuring and related . - **Full Year 2025**: Total Operating Expenses were $424,030 thousand, including $178,872 thousand for Research and development, $133,075 thousand for Sales and marketing, $64,239 thousand for General and administrative, $23,849 thousand for Amortization of acquired intangible assets, $4,337 thousand for Acquisition-, disposal- and integration-related, and $19,658 thousand for Restructuring and related . - **Full Year 2024**: Total Operating Expenses were $422,640 thousand, including $179,941 thousand for Research and development, $137,830 thousand for Sales and marketing, $68,740 thousand for General and administrative, $25,969 thousand for Amortization of acquired intangible assets, and $10,160 thousand for Restructuring and related . #### Net Income (Loss) - Net Income for the fourth quarter of 2025 was $89,065 thousand, compared to $6,364 thousand for the fourth quarter of 2024 . - Net Income for the full year 2025 was $39,636 thousand, compared to - $54,235 thousand for the full year 2024 . #### Cash Flow from Operating Activities - Cash flow provided by operating activities was $51,398 thousand for the full year 2025, compared to $50,240 thousand for the full year 2024 . #### Cash Flow from Investing Activities - Cash flow used in investing activities was - $25,342 thousand for the full year 2025, which included - $25,342 thousand for purchases of property and equipment . - Cash flow used in investing activities was - $22,868 thousand for the full year 2024, which included - $22,406 thousand for purchases of property and equipment and - $462 thousand for purchases of software licenses . #### Unique Metrics - Ribbon Communications Inc. achieved a new record level of Product and Services bookings in the fourth quarter of 2025, including over $50 million from new voice modernization programs . - Sales to U.S. Tier 1 Service Providers increased by over 25% in 2025 . - A new tax benefit is anticipated to reduce future cash tax payments by approximately $15-$20 million over the next several years, starting in 2026 . #### Business Outlook - For the full year 2026, Ribbon Communications Inc. projects revenue between $840 million and $875 million, with non-GAAP gross margin expected to be in the range of 52.5% to 53.5%, and Adjusted EBITDA between $105 million and $120 million . For the first quarter of 2026, revenue is projected to be between $160 million and $170 million, with non-GAAP gross margin in the range of 48% to 49%, and Adjusted EBITDA projected between - $3 million and $1 million . The company foresees a more conservative growth rate for 2026, particularly in the first half, due to continued lower U.S. Federal agency spending and recent industry M&A . ### 相關股票 - [Ribbon Communications (RBBN.US)](https://longbridge.com/zh-HK/quote/RBBN.US.md) ## 相關資訊與研究 - [Butler National GAAP EPS of $0.10, revenue of $26.9M](https://longbridge.com/zh-HK/news/278924273.md) - [Deutsche Bank AG - 2025 bonus pool was 2.7 billion euros vs 2.5 billion euros in 2024](https://longbridge.com/zh-HK/news/278839761.md) - [Wearable Devices GAAP EPS of -$6.53, revenue of $0.65M](https://longbridge.com/zh-HK/news/278924251.md) - [PT Telekomunikasi Indonesia Flags Restatement of 2023–2024 Accounts After Asset Accounting Review](https://longbridge.com/zh-HK/news/278611032.md) - [Sonida Senior Living GAAP EPS of -$1.72 misses by $0.42, revenue of $97.66M](https://longbridge.com/zh-HK/news/278719322.md)