Abhey Lamba
Chief Financial Officer at RingCentral
Non GAAP EPS of $4.13 to $4.27 representing approximately 14% growth at the midpoint, our non GAAP EPS estimate is based on a fully diluted share count of $93,500,000 to $94,500,000 dollars Free cash flow of $500,000,000 to $510,000,000 up 25% at the midpoint versus 2024. For the first quarter, which has two fewer days than Q4, we expect subscription revenue range of $587,000,000 to $592,000,000 representing year over year growth of 5% to 6% or 6% to seven percent on a constant currency basis. Total revenue of $6.00 $7,000,000 to $612,000,000 representing year over year growth of 4% to 5% on a reported and constant currency basis operating margins of 21% to 21.5% non GAAP EPS of $0.93 to $0.97 based on fully diluted shares of $0.93 to $93,500,000 Our strong financial profile provides us with many capital allocation options. We plan to generate $500,000,000 of free cash flow in 2025 combined with $350,000,000 of incremental capacity on our term loan pay and $225,000,000 on our revolver, we have over $1,000,000,000 in available capital. Given our projected internally generated cash flow and external sources of liquidity, we believe we can extinguish our 2025 convertible notes, which we expect to pay off with available cash in the next few weeks and have the capacity to also address the entirety of our remaining 2026 convertible notes on a timely basis as is contractually required.
