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Side-by-side financial comparison of Emerald Holding, Inc. (EEX) and LiveRamp Holdings, Inc. (RAMP). Click either name above to swap in a different company.

LiveRamp Holdings, Inc. is the larger business by last-quarter revenue ($212.2M vs $132.7M, roughly 1.6× Emerald Holding, Inc.). LiveRamp Holdings, Inc. runs the higher net margin — 18.8% vs -22.8%, a 41.5% gap on every dollar of revenue. On growth, Emerald Holding, Inc. posted the faster year-over-year revenue change (24.3% vs 8.6%). Over the past eight quarters, LiveRamp Holdings, Inc.'s revenue compounded faster (11.1% CAGR vs -0.3%).

TVS Emerald Haven Realty Limited is an Indian real estate development company headquartered in Chennai, Tamil Nadu. A subsidiary of TVS Holdings, it specializes in sustainable residential communities and urban development projects.

LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.

EEX vs RAMP — Head-to-Head

Bigger by revenue
RAMP
RAMP
1.6× larger
RAMP
$212.2M
$132.7M
EEX
Growing faster (revenue YoY)
EEX
EEX
+15.7% gap
EEX
24.3%
8.6%
RAMP
Higher net margin
RAMP
RAMP
41.5% more per $
RAMP
18.8%
-22.8%
EEX
Faster 2-yr revenue CAGR
RAMP
RAMP
Annualised
RAMP
11.1%
-0.3%
EEX

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
EEX
EEX
RAMP
RAMP
Revenue
$132.7M
$212.2M
Net Profit
$-30.2M
$39.9M
Gross Margin
71.9%
Operating Margin
-11.8%
18.6%
Net Margin
-22.8%
18.8%
Revenue YoY
24.3%
8.6%
Net Profit YoY
-692.2%
255.7%
EPS (diluted)
$-0.15
$0.62

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EEX
EEX
RAMP
RAMP
Q4 25
$132.7M
$212.2M
Q3 25
$77.5M
$199.8M
Q2 25
$105.5M
$194.8M
Q1 25
$147.7M
$188.7M
Q4 24
$106.8M
$195.4M
Q3 24
$72.6M
$185.5M
Q2 24
$86.0M
$176.0M
Q1 24
$133.4M
$171.9M
Net Profit
EEX
EEX
RAMP
RAMP
Q4 25
$-30.2M
$39.9M
Q3 25
$-14.4M
$27.4M
Q2 25
$-1.4M
$7.7M
Q1 25
$15.3M
$-6.3M
Q4 24
$5.1M
$11.2M
Q3 24
$-11.1M
$1.7M
Q2 24
$-2.8M
$-7.5M
Q1 24
$11.0M
$-5.4M
Gross Margin
EEX
EEX
RAMP
RAMP
Q4 25
71.9%
Q3 25
70.2%
Q2 25
70.1%
Q1 25
69.3%
Q4 24
71.9%
Q3 24
72.4%
Q2 24
70.6%
Q1 24
72.2%
Operating Margin
EEX
EEX
RAMP
RAMP
Q4 25
-11.8%
18.6%
Q3 25
-10.1%
10.7%
Q2 25
9.7%
3.7%
Q1 25
24.2%
-6.1%
Q4 24
19.5%
7.5%
Q3 24
-6.5%
4.0%
Q2 24
7.4%
-3.0%
Q1 24
18.2%
-8.3%
Net Margin
EEX
EEX
RAMP
RAMP
Q4 25
-22.8%
18.8%
Q3 25
-18.6%
13.7%
Q2 25
-1.3%
4.0%
Q1 25
10.4%
-3.3%
Q4 24
4.8%
5.7%
Q3 24
-15.3%
0.9%
Q2 24
-3.3%
-4.3%
Q1 24
8.2%
-3.1%
EPS (diluted)
EEX
EEX
RAMP
RAMP
Q4 25
$-0.15
$0.62
Q3 25
$-0.07
$0.42
Q2 25
$-0.01
$0.12
Q1 25
$0.08
$-0.10
Q4 24
$0.01
$0.17
Q3 24
$-0.05
$0.03
Q2 24
$-0.03
$-0.11
Q1 24
$0.00
$-0.09

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EEX
EEX
RAMP
RAMP
Cash + ST InvestmentsLiquidity on hand
$100.9M
$403.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$338.8M
$962.3M
Total Assets
$1.2B
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EEX
EEX
RAMP
RAMP
Q4 25
$100.9M
$403.4M
Q3 25
$95.4M
$376.9M
Q2 25
$156.4M
$371.1M
Q1 25
$276.8M
$420.8M
Q4 24
$194.8M
$384.3M
Q3 24
$188.9M
$348.4M
Q2 24
$193.2M
$342.7M
Q1 24
$186.8M
$368.9M
Stockholders' Equity
EEX
EEX
RAMP
RAMP
Q4 25
$338.8M
$962.3M
Q3 25
$369.5M
$943.8M
Q2 25
$389.4M
$947.8M
Q1 25
$392.1M
$948.9M
Q4 24
$385.9M
$957.7M
Q3 24
$391.1M
$932.1M
Q2 24
$407.6M
$951.9M
Q1 24
$-90.7M
$949.1M
Total Assets
EEX
EEX
RAMP
RAMP
Q4 25
$1.2B
$1.3B
Q3 25
$1.2B
$1.2B
Q2 25
$1.2B
$1.2B
Q1 25
$1.2B
$1.3B
Q4 24
$1.0B
$1.3B
Q3 24
$1.1B
$1.2B
Q2 24
$1.1B
$1.2B
Q1 24
$1.1B
$1.2B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EEX
EEX
RAMP
RAMP
Operating Cash FlowLast quarter
$12.3M
Free Cash FlowOCF − Capex
$11.7M
FCF MarginFCF / Revenue
8.8%
Capex IntensityCapex / Revenue
0.5%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$41.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EEX
EEX
RAMP
RAMP
Q4 25
$12.3M
Q3 25
$1.8M
$57.4M
Q2 25
$15.9M
$-15.8M
Q1 25
$12.6M
Q4 24
$20.6M
$45.1M
Q3 24
$9.1M
$55.6M
Q2 24
$9.8M
$-9.3M
Q1 24
$7.3M
Free Cash Flow
EEX
EEX
RAMP
RAMP
Q4 25
$11.7M
Q3 25
$1.5M
$56.8M
Q2 25
$15.8M
$-16.2M
Q1 25
$12.4M
Q4 24
$19.9M
$44.8M
Q3 24
$9.0M
$55.4M
Q2 24
$9.6M
$-9.6M
Q1 24
$7.0M
FCF Margin
EEX
EEX
RAMP
RAMP
Q4 25
8.8%
Q3 25
1.9%
28.4%
Q2 25
15.0%
-8.3%
Q1 25
8.4%
Q4 24
18.6%
22.9%
Q3 24
12.4%
29.8%
Q2 24
11.2%
-5.4%
Q1 24
5.2%
Capex Intensity
EEX
EEX
RAMP
RAMP
Q4 25
0.5%
0.1%
Q3 25
0.4%
0.3%
Q2 25
0.1%
0.2%
Q1 25
0.1%
0.2%
Q4 24
0.7%
0.1%
Q3 24
0.1%
0.1%
Q2 24
0.2%
0.1%
Q1 24
0.2%
1.0%
Cash Conversion
EEX
EEX
RAMP
RAMP
Q4 25
Q3 25
2.09×
Q2 25
-2.04×
Q1 25
0.82×
Q4 24
4.04×
4.02×
Q3 24
32.10×
Q2 24
Q1 24
0.66×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EEX
EEX

Connections Segment$121.9M92%
Commerce Segment$5.5M4%
Content$5.3M4%

RAMP
RAMP

Segment breakdown not available.

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