Rambus Inc. reported GAAP revenue of $161.1 million for the fourth quarter ended December 31, 2024, demonstrating sequential and year-over-year growth. Product revenue for the quarter reached $73.4 million, with licensing billings at $63.6 million and contract and other revenue at $29.5 million.
For the full fiscal year 2024, Rambus achieved record annual product revenue of $246.8 million, reflecting strong market leadership and new product introductions throughout the year. The company also generated $230.6 million in cash from operating activities for the year, ending with $481.8 million in cash, cash equivalents, and marketable securities.
Looking ahead to the first quarter of 2025, Rambus provided an outlook expecting licensing billings between $59 million and $65 million, and product revenue between $72 million and $78 million. Contract and other revenue is projected to be between $22 million and $28 million, with total operating costs and expenses anticipated between $105 million and $101 million.
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