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Abstract The ‘ringdown’ radiation emitted by oscillating black holes has great scientific potential. By carefully predicting the frequencies and amplitudes of black hole quasinormal modes and comparing them with gravitational-wave (GW) data from compact binary mergers we can advance our understanding of the two-body problem in general relativity, verify the predictions of the theory in the regime of strong and dynamical gravitational fields, and search for physics beyond the Standard Model or new gravitational degrees of freedom. We summarize the state of the art in our understanding of black hole quasinormal modes in general relativity and modified gravity, their excitation, and the modeling of ringdown waveforms. We also review the status of LIGO-Virgo-KAGRA ringdown observations, data analysis techniques, and the bright prospects of the field in the era of LISA and next-generation ground-based GW detectors. 

Abstract LISA, the Laser Interferometer Space Antenna, will usher in a new era in gravitational-wave astronomy. As the first anticipated space-based gravitational-wave detector, it will expand our view to the millihertz gravitational-wave sky, where a spectacular variety of interesting new sources abound: from millions of ultra-compact binaries in our Galaxy, to mergers of massive black holes at cosmological distances; from the early inspirals of stellar-mass black holes that will ultimately venture into the ground-based detectors’ view to the death spiral of compact objects into massive black holes, and many sources in between. Central to realising LISA’s discovery potential are waveform models, the theoretical and phenomenological predictions of the pattern of gravitational waves that these sources emit. This White Paper is presented on behalf of the Waveform Working Group for the LISA Consortium. It provides a review of the current state of waveform models for LISA sources, and describes the significant challenges that must yet be overcome.