NYSE : RNG
RingCentral, Inc. — Financial statements
Technology · Software - Application · United States
Last price 83.7 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 7.07B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
RingCentral, Inc. (RNG) reported revenue of 2.62B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 2.53B | 2.43B | 2.30B | 2.10B | 1.89B | 1.48B |
| Other Revenue | 89.31M | 88.26M | 103.20M | 102.10M | 100.57M | 112.67M |
| Revenue | 2.62B | 2.52B | 2.40B | 2.20B | 1.99B | 1.59B |
| Cost of Revenue | 728.35M | 723.23M | 705.51M | 664.29M | 641.73M | 448.37M |
| Gross Profit | 1.89B | 1.79B | 1.69B | 1.54B | 1.35B | 1.15B |
| Selling, General & Admin | 1.34B | 1.35B | 1.35B | 1.39B | 1.34B | 1.14B |
| Research & Development | 327.62M | 312.20M | 326.11M | 331.39M | 356.94M | 309.74M |
| Other Operating Expenses | 283.69M | |||||
| Operating Expenses | 1.67B | 1.66B | 1.68B | 1.72B | 1.98B | 1.45B |
| Operating Income | 221.46M | 134.49M | 13.97M | -179.32M | -631.75M | -301.79M |
| Interest Expense | -64.37M | -60.28M | -65.00M | -36.00M | -4.81M | -64.38M |
| Interest & Investment Income | 2.10M | 2.70M | 8.00M | 12.50M | 2.50M | |
| Other Non Operating Income (Expenses) | 2.60M | -1.75M | 7.10M | 12.06M | -222.27M | -5.82M |
| EBT Excluding Unusual Items | 161.79M | 75.16M | -35.92M | -190.75M | -856.33M | -371.99M |
| Merger & Restructuring Charges | -24.82M | -13.94M | -11.30M | -19.49M | -17.73M | |
| Other Unusual Items | -4.71M | -4.99M | 53.40M | -1.74M | ||
| Pretax Income | 132.26M | 56.24M | -47.23M | -156.84M | -874.05M | -373.72M |
| Income Tax Expense | -530.14M | 12.85M | 11.06M | 8.39M | 5.11M | 2.53M |
| Net Income | 662.40M | 43.39M | -58.29M | -165.24M | -879.17M | -376.25M |
| Net Income to Common | 656.81M | 43.39M | -58.29M | -165.24M | -879.17M | -376.25M |
| Shares Outstanding (Basic) | 84.66M | 89.48M | 92.11M | 94.91M | 95.24M | 91.74M |
| Shares Outstanding (Diluted) | 87.30M | 91.21M | 92.11M | 94.91M | 95.24M | 91.74M |
| EPS (Basic) | 7.76 | 0.48 | -0.63 | -1.74 | -9.23 | -4.10 |
| EPS (Diluted) | 7.59 | 0.48 | -0.63 | -1.74 | -9.23 | -4.10 |
| Free Cash Flow | 667.24M | 587.32M | 458.28M | 376.15M | 158.59M | 123.19M |
| Free Cash Flow Per Share | 7.64 | 6.44 | 4.97 | 3.96 | 1.67 | 1.34 |
| Gross Margin | 72.21% | 71.25% | 70.61% | 69.84% | 67.73% | 71.89% |
| Operating Margin | 8.45% | 5.35% | 0.58% | -8.14% | -31.77% | -18.92% |
| Profit Margin | 25.06% | 1.73% | -2.43% | -7.50% | -44.22% | -23.59% |
| Free Cash Flow Margin | 25.45% | 23.35% | 19.09% | 17.08% | 7.98% | 7.72% |
| EBITDA | 448.26M | 357.09M | 236.58M | 54.62M | -385.19M | -176.49M |
| EBITDA Margin | 17.10% | 14.20% | 9.86% | 2.48% | -19.37% | -11.07% |
| D&A For EBITDA | 226.80M | 222.60M | 222.61M | 233.94M | 246.56M | 125.29M |
| EBIT | 221.46M | 134.49M | 13.97M | -179.32M | -631.75M | -301.79M |
| EBIT Margin | 8.45% | 5.35% | 0.58% | -8.14% | -31.77% | -18.92% |
| Effective Tax Rate | 22.84% | |||||
| Revenue as Reported | 2.62B | 2.52B | 2.40B | 2.20B | 1.99B | 1.59B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 110.12M | 132.56M | 242.81M | 222.19M | 269.98M | 267.16M |
| Cash & Short-Term Investments | 110.12M | 132.56M | 242.81M | 222.19M | 269.98M | 267.16M |
| Receivables | 377.65M | 384.10M | 386.25M | 364.44M | 311.32M | 232.84M |
| Inventory | 1.07M | 929.00K | 1.24M | 1.49M | 1.21M | 5.66M |
| Prepaid Expenses | 52.03M | 43.14M | 39.86M | 32.44M | 23.31M | 26.25M |
| Other Current Assets | 182.18M | 204.42M | 200.96M | 228.08M | 190.20M | 118.83M |
| Total Current Assets | 723.05M | 765.16M | 871.12M | 848.65M | 796.02M | 650.74M |
| Property, Plant & Equipment | 233.10M | 217.43M | 227.11M | 227.38M | 220.83M | 214.20M |
| Long-Term Investments | 3.42M | 2.37M | 3.50M | 1.65M | 210.44M | |
| Goodwill | 102.75M | 97.79M | 82.99M | 67.37M | 54.34M | 55.49M |
| Other Intangible Assets | 44.02M | 135.41M | 258.53M | 393.77M | 528.05M | 716.61M |
| Long-Term Deferred Charges | 215.49M | 252.50M | 325.20M | 395.72M | 438.58M | 723.45M |
| Other Long-Term Assets | 6.32M | 13.17M | 12.56M | 8.52M | 34.20M | 8.11M |
| Total Assets | 1.88B | 1.48B | 1.78B | 1.94B | 2.07B | 2.58B |
| Accounts Payable | 27.52M | 27.68M | 21.87M | 53.30M | 62.72M | 70.02M |
| Accrued Expenses | 286.19M | 276.34M | 263.35M | 308.93M | 362.60M | 261.11M |
| Current Portion of Long-Term Debt | 48.90M | 624.22M | 181.25M | 20.00M | ||
| Current Portion of Leases | 20.48M | 21.29M | 20.45M | 16.71M | 17.51M | 18.69M |
| Current Unearned Revenue | 296.07M | 269.12M | 261.88M | 233.62M | 209.72M | 176.45M |
| Total Current Liabilities | 679.16M | 1.22B | 748.80M | 632.55M | 652.56M | 526.27M |
| Long-Term Debt | 961.67M | 631.71M | 1.35B | 1.53B | 1.64B | 1.40B |
| Long-Term Leases | 22.34M | 14.37M | 29.73M | 28.18M | 20.18M | 31.81M |
| Other Long-Term Liabilities | 24.82M | 5.39M | 4.93M | 55.81M | 45.85M | 84.05M |
| Total Liabilities | 1.69B | 1.87B | 2.13B | 2.25B | 2.36B | 2.04B |
| Common Stock | 8.00K | 9.00K | 9.00K | 9.00K | 10.00K | 9.00K |
| Additional Paid-In Capital | 1.08B | 1.12B | 1.22B | 1.20B | 1.06B | 1.09B |
| Retained Earnings | -1.10B | -1.71B | -1.76B | -1.70B | -1.53B | -748.56M |
| Comprehensive Income & Other | 5.87M | 2.46M | -8.88M | -8.22M | -8.78M | 644.00K |
| Total Common Equity | -12.38M | -588.12M | -550.92M | -502.57M | -482.79M | 338.97M |
| Shareholders' Equity | 187.06M | -388.67M | -351.47M | -303.12M | -283.34M | 538.42M |
| Total Liabilities & Equity | 1.88B | 1.48B | 1.78B | 1.94B | 2.07B | 2.58B |
| Total Debt | 1.05B | 1.29B | 1.58B | 1.60B | 1.68B | 1.45B |
| Net Cash (Debt) | -943.28M | -1.16B | -1.34B | -1.37B | -1.41B | -1.18B |
| Net Cash Per Share | -10.80 | -12.71 | -14.51 | -14.48 | -14.76 | -12.88 |
| Filing Date Shares Outstanding | 84.46M | 84.07M | 90.72M | 92.32M | 95.47M | 94.44M |
| Total Common Shares Outstanding | 84.45M | 85.20M | 90.72M | 93.47M | 95.39M | 94.31M |
| Working Capital | 43.89M | -453.49M | 122.32M | 216.10M | 143.46M | 124.47M |
| Book Value Per Share | -0.15 | -6.90 | -6.07 | -5.38 | -5.06 | 3.59 |
| Tangible Book Value | -159.16M | -821.32M | -892.43M | -963.71M | -1.07B | -433.13M |
| Tangible Book Value Per Share | -1.88 | -9.64 | -9.84 | -10.31 | -11.17 | -4.59 |
| Machinery | 302.05M | 283.69M | 261.93M | 247.77M | 230.66M | 206.06M |
| Leasehold Improvements | 10.69M | 10.04M | 12.37M | 14.37M | 13.89M | 13.53M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 662.40M | 43.39M | -58.29M | -165.24M | -879.17M | -376.25M |
| Depreciation & Amortization | 226.80M | 222.60M | 222.61M | 233.94M | 246.56M | 125.29M |
| Other Amortization | 161.58M | 168.18M | 166.82M | 142.70M | 119.65M | 138.23M |
| Asset Writedown & Restructuring Costs | 11.44M | 305.35M | ||||
| Loss (Gain) From Sale of Investments | 1.51M | 203.48M | 14.61M | |||
| Stock-Based Compensation | 240.06M | 269.66M | 339.06M | 426.68M | 386.01M | 357.96M |
| Provision & Write-off of Bad Debts | 14.76M | 17.47M | 8.67M | 6.85M | 9.37M | 8.13M |
| Other Operating Activities | -496.39M | 31.52M | 12.29M | -31.45M | 24.23M | 10.44M |
| Change in Accounts Receivable | -8.05M | -13.81M | -30.48M | -57.82M | -87.84M | -64.94M |
| Change in Accounts Payable | -10.82M | 4.10M | -29.79M | -21.21M | -6.17M | 17.85M |
| Change in Unearned Revenue | 33.88M | 6.75M | 19.59M | 17.68M | 33.27M | 34.23M |
| Change in Other Net Operating Assets | -124.86M | -143.86M | -167.21M | -153.98M | -163.45M | -113.41M |
| Operating Cash Flow | 699.36M | 617.43M | 483.28M | 399.66M | 191.31M | 152.15M |
| Capital Expenditures | -32.12M | -30.10M | -24.99M | -23.51M | -32.71M | -28.96M |
| Cash Acquisitions | -7.93M | -20.75M | -26.29M | -14.71M | ||
| Sale (Purchase) of Intangibles | -63.51M | -57.11M | -58.07M | -52.23M | -57.72M | -367.87M |
| Investment in Securities | 3.22M | |||||
| Investing Cash Flow | -103.56M | -107.97M | -109.36M | -90.45M | -87.21M | -396.83M |
| Long-Term Debt Issued | 785.75M | |||||
| Long-Term Debt Repaid | -283.61M | -24.26M | -836.74M | -4.82M | -337.79M | |
| Net Debt Issued (Repaid) | -260.31M | -283.61M | -24.26M | -50.99M | -4.82M | -337.79M |
| Issuance of Common Stock | 15.63M | 14.72M | 16.69M | 16.69M | 15.86M | 36.72M |
| Repurchase of Common Stock | -354.96M | -347.01M | -328.32M | -320.15M | -107.39M | -21.55M |
| Other Financing Activities | -6.87M | -7.52M | -15.20M | -3.57M | -1.87M | -3.88M |
| Financing Cash Flow | -629.78M | -623.42M | -351.08M | -358.02M | -98.22M | -127.05M |
| Foreign Exchange Rate Adjustments | -1.27M | 3.71M | -2.22M | 1.02M | -3.06M | -962.00K |
| Net Cash Flow | -35.25M | -110.25M | 20.62M | -47.79M | 2.82M | -372.69M |
| Free Cash Flow | 667.24M | 587.32M | 458.28M | 376.15M | 158.59M | 123.19M |
| Free Cash Flow Margin | 25.45% | 23.35% | 19.09% | 17.08% | 7.98% | 7.72% |
| Free Cash Flow Per Share | 7.64 | 6.44 | 4.97 | 3.96 | 1.67 | 1.34 |
| Levered Free Cash Flow | 685.09M | 641.36M | 562.94M | 453.38M | 248.95M | 15.43M |
| Unlevered Free Cash Flow | 722.05M | 674.41M | 599.29M | 471.31M | 247.49M | -8.40M |
| Cash Interest Paid | 62.77M | 54.02M | 59.05M | 16.63M | 347.00K | 309.00K |
| Cash Income Tax Paid | 14.80M | 12.44M | 17.75M | 10.94M | 3.73M | 1.39M |
| Change in Working Capital | -109.84M | -146.83M | -207.89M | -215.33M | -224.19M | -126.27M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 6.57B | 2.47B | 3.15B | 3.18B | 3.40B | 17.51B |
| Enterprise Value | 7.51B | 3.83B | 4.72B | 4.79B | 4.97B | 18.60B |
| Last Close Price | 81.42 | 28.73 | 34.82 | 33.77 | 35.21 | 186.35 |
| PE Ratio | 10.24 | 56.99 | ||||
| Forward PE | 14.36 | 6.24 | 8.55 | 10.00 | 13.51 | 123.06 |
| PS Ratio | 2.55 | 0.98 | 1.31 | 1.45 | 1.71 | 10.98 |
| PB Ratio | 35.79 | -6.36 | -8.96 | -10.50 | -12.00 | 32.52 |
| P/FCF Ratio | 10.03 | 4.21 | 6.88 | 8.46 | 21.43 | 142.11 |
| P/OCF Ratio | 9.57 | 4.00 | 6.52 | 7.96 | 17.77 | 115.06 |
| PEG Ratio | 0.75 | 0.35 | 0.45 | 0.36 | 0.44 | 4.49 |
| EV/Sales Ratio | 2.91 | 1.52 | 1.97 | 2.17 | 2.50 | 11.66 |
| EV/EBITDA Ratio | 17.04 | 10.71 | 19.97 | 87.69 | ||
| EV/EBIT Ratio | 34.49 | 28.44 | 338.18 | |||
| EV/FCF Ratio | 11.45 | 6.51 | 10.31 | 12.73 | 31.34 | 150.94 |
| Debt / Equity Ratio | 5.63 | -3.32 | -4.49 | -5.27 | -5.92 | 2.69 |
| Debt / EBITDA Ratio | 2.17 | 3.30 | 5.93 | 19.39 | ||
| Debt / FCF Ratio | 1.58 | 2.20 | 3.45 | 4.24 | 10.57 | 11.76 |
| Net Debt / Equity Ratio | 5.04 | -2.98 | -3.80 | -4.53 | -4.96 | 2.19 |
| Net Debt / EBITDA Ratio | 2.10 | 3.25 | 5.65 | 25.16 | -3.65 | -6.70 |
| Net Debt / FCF Ratio | 1.41 | 1.97 | 2.92 | 3.65 | 8.87 | 9.59 |
| Asset Turnover | 1.54 | 1.54 | 1.29 | 1.10 | 0.85 | 0.67 |
| Inventory Turnover | 745.50 | 665.96 | 515.91 | 491.88 | 186.99 | 144.50 |
| Quick Ratio | 0.72 | 0.42 | 0.84 | 0.93 | 0.89 | 0.95 |
| Current Ratio | 1.06 | 0.63 | 1.16 | 1.34 | 1.22 | 1.24 |
| Return on Equity (ROE) | -689.33% | -88.86% | ||||
| Return on Assets (ROA) | 8.13% | 5.16% | 0.47% | -5.58% | -16.97% | -7.92% |
| Return on Invested Capital (ROIC) | 23.95% | 16.04% | 1.19% | -13.12% | -40.22% | -21.18% |
| Return on Capital Employed (ROCE) | 18.50% | 51.20% | 1.40% | -13.70% | -44.50% | -14.70% |
| Earnings Yield | 9.77% | 1.75% | -1.85% | -5.19% | -25.86% | -2.15% |
| FCF Yield | 9.97% | 23.75% | 14.55% | 11.82% | 4.67% | 0.70% |
| Buyback Yield / Dilution | 5.00% | 0.97% | 2.95% | 0.34% | -3.82% | -3.44% |