Ribbon Communications said recurring software and services accounted for 67% of its business mix, while maintenance revenue made up 32% of revenue and maintenance renewals ran at 90%+. The company also said average customer tenure was 20 years, underscoring how long relationships have lasted.
Revenue increased from $815 million in 2022 to $820 million in 2023, $825 million in 2024, and $830 million in 2025, according to the presentation. Trailing twelve-month adjusted EBITDA rose to $140 million in 2025 from about $0 million in 2022, $20 million in 2023, $40 million in 2024, $60 million in 2025? Wait—those chart labels indicate a steady climb over the period, with the latest point shown at $140 million.
Ribbon said cloud and edge products represented 61% of fiscal 2025 revenue, while IP optical accounted for 39%. Gross margin was about 64% for cloud and edge and about 39% for IP optical.
The company highlighted that it serves more than 1,000 global customers and said many of its relationships with major service providers and enterprises go back more than 20 years. It also pointed to 67% software and services mix and more than 90% maintenance renewal rates as key drivers of revenue visibility. As a result of these announcements, the company's shares have moved -0.96% on the market, and are now trading at a price of $2.585. Check out the company's full 8-K submission here.
