RingCentral (RNG) Financials

$47.77 +0.52 (+1.10%)

Closing price 03:59 PM Eastern

Extended Trading

$48.21 +0.44 (+0.92%)

As of 07:58 PM Eastern

Annual Income Statements for RingCentral

This table shows RingCentral's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-32	-16	-4.20	-26	-54	-83	-376	-879	-165	-58	43
Consolidated Net Income / (Loss)	-32	-16	-4.20	-26	-54	-83	-376	-879	-165	-58	43
Net Income / (Loss) Continuing Operations	-32	-16	-4.20	-26	-54	-83	-376	-879	-165	-58	43
Total Pre-Tax Income	-33	-16	-3.95	-26	-57	-82	-374	-874	-157	-47	56
Total Operating Income	-31	-13	-5.34	-16	-46	-113	-302	-649	-199	2.67	121
Total Gross Profit	209	380	382	516	672	860	1,146	1,347	1,538	1,695	1,792
Total Revenue	296	380	504	674	903	1,184	1,595	1,988	2,202	2,400	2,515
Operating Revenue	271	380	504	674	903	1,184	1,595	1,988	2,202	2,400	2,515
Total Cost of Revenue	87	0.00	121	157	231	324	448	642	664	706	723
Operating Cost of Revenue	87	-	121	157	231	324	448	642	664	706	723
Total Operating Expenses	240	393	388	533	717	973	1,448	1,996	1,737	1,692	1,671
Selling, General & Admin Expense	47	55	72	103	142	200	284	293	333	266	258
Marketing Expense	140	180	240	329	439	584	854	1,057	1,068	1,096	1,096
Research & Development Expense	53	66	75	101	136	189	310	362	336	329	317
Total Other Income / (Expense), net	-2.43	-3.12	1.39	-9.63	-11	31	-72	-225	42	-50	-64
Interest Expense	1.12	0.75	0.10	16	21	49	64	4.81	36	65	60
Other Income / (Expense), net	-1.31	-2.38	1.49	6.48	9.25	80	-7.55	-220	78	15	-4.04
Income Tax Expense	-1.26	0.24	0.26	0.14	-3.33	0.93	2.53	5.11	8.40	11	13
Basic Earnings per Share	($0.46)	($0.22)	($0.06)	($0.33)	($0.64)	($0.94)	($4.10)	($9.23)	($1.74)	($0.63)	$0.48
Weighted Average Basic Shares Outstanding	70.07M	72.99M	76.28M	79.50M	83.13M	88.68M	91.74M	95.24M	94.91M	92.11M	89.48M
Diluted Earnings per Share	($0.46)	($0.22)	($0.06)	($0.33)	($0.64)	($0.94)	($4.10)	($9.23)	($1.74)	($0.63)	$0.48
Weighted Average Diluted Shares Outstanding	70.07M	72.99M	76.28M	79.50M	83.13M	88.68M	91.74M	95.24M	94.91M	92.11M	91.21M
Weighted Average Basic & Diluted Shares Outstanding	70.07M	72.99M	76.28M	79.50M	83.13M	88.68M	94.44M	95.47M	92.32M	90.72M	84.07M

This table shows RingCentral's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-21	-42	-47	-28	-15	-7.85	-7.19	-10	13	18	23
Consolidated Net Income / (Loss)	-21	-42	-47	-28	-15	-7.85	-7.19	-10	13	18	23
Net Income / (Loss) Continuing Operations	-21	-42	-47	-28	-15	-7.85	-7.19	-10	13	18	23
Total Pre-Tax Income	-15	-46	-45	-25	-12	-12	1.59	-4.37	16	17	28
Total Operating Income	-45	-54	-45	-11	-5.36	3.29	16	10	37	31	42
Total Gross Profit	375	389	401	414	416	429	436	432	441	458	461
Total Revenue	539	558	571	584	593	609	615	612	620	639	644
Operating Revenue	539	558	571	584	593	609	615	612	620	639	644
Total Cost of Revenue	164	169	170	170	177	180	178	180	179	180	184
Operating Cost of Revenue	164	169	170	170	177	180	178	180	179	180	184
Total Operating Expenses	420	443	446	425	422	425	421	421	404	428	418
Selling, General & Admin Expense	75	87	89	71	72	64	59	64	63	66	65
Marketing Expense	264	271	273	273	269	277	277	275	264	282	276
Research & Development Expense	80	85	85	81	80	84	85	82	78	80	78
Total Other Income / (Expense), net	31	8.28	-0.06	-14	-6.22	-15	-14	-15	-21	-14	-15
Interest Expense	5.12	12	17	16	16	16	16	16	16	14	14
Other Income / (Expense), net	36	20	16	1.94	9.80	1.07	2.28	1.40	-4.82	0.18	-0.80
Income Tax Expense	6.95	-3.78	2.14	3.29	3.18	-4.18	8.78	5.96	2.48	-0.51	4.92
Basic Earnings per Share	($0.23)	($0.45)	($0.49)	($0.31)	($0.16)	($0.09)	($0.07)	($0.11)	$0.15	$0.19	$0.25
Weighted Average Basic Shares Outstanding	95.34M	94.59M	94.91M	93.14M	92.75M	91.89M	92.11M	91.02M	90.71M	90.14M	89.48M
Diluted Earnings per Share	($0.23)	($0.45)	($0.49)	($0.31)	($0.16)	($0.09)	($0.07)	($0.11)	$0.14	$0.19	$0.26
Weighted Average Diluted Shares Outstanding	95.34M	94.59M	94.91M	93.14M	92.75M	91.89M	92.11M	91.02M	92.06M	91.96M	91.21M
Weighted Average Basic & Diluted Shares Outstanding	94.68M	93.75M	92.32M	92.17M	91.82M	90.43M	90.72M	89.94M	90.54M	86.56M	84.07M

This table details how cash moves in and out of RingCentral's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	24	23	22	386	-223	296	-373	2.82	-48	21	-110
Net Cash From Operating Activities	5.09	30	41	72	65	-35	152	191	400	483	617
Net Cash From Continuing Operating Activities	5.09	30	41	72	65	-35	152	191	400	483	617
Net Income / (Loss) Continuing Operations	-32	-16	-4.20	-26	-54	-83	-376	-879	-165	-58	43
Consolidated Net Income / (Loss)	-32	-16	-4.20	-26	-54	-83	-376	-879	-165	-58	43
Depreciation Expense	13	15	16	23	38	76	125	247	234	223	223
Amortization Expense	0.77	7.57	13	36	50	96	138	120	143	167	168
Non-Cash Adjustments To Reconcile Net Income	23	34	43	72	121	93	390	903	381	350	305
Changes in Operating Assets and Liabilities, net	-0.30	-10	-27	-33	-91	-217	-125	-199	-193	-197	-121
Net Cash From Investing Activities	6.37	-16	-26	-83	-297	-108	-397	-87	-90	-109	-108
Net Cash From Continuing Investing Activities	6.37	-16	-26	-83	-297	-108	-397	-87	-90	-109	-108
Purchase of Property, Plant & Equipment	-15	-14	-19	-27	-28	-44	-29	-33	-24	-25	-30
Acquisitions	-7.18	-2.16	-7.42	-56	-133	-38	-44	-54	-67	-82	-78
Purchase of Investments	-	-	0.00	0.00	-136	-26	-324	-3.99	0.00	-2.54	0.00
Net Cash From Financing Activities	13	9.33	6.78	397	9.04	438	-127	-98	-358	-351	-623
Net Cash From Continuing Financing Activities	13	9.33	6.78	397	9.04	438	-127	-98	-358	-351	-623
Repayment of Debt	-6.74	-4.02	-15	0.00	-0.94	-1,086	-338	-4.82	-837	-29	-291
Repurchase of Common Equity	-	-	0.00	-15	-	0.00	0.00	-100	-311	-322	-334
Issuance of Debt	-	-	0.00	449	0.00	1,627	0.00	0.00	786	0.00	0.00
Issuance of Common Equity	20	15	25	21	30	41	37	16	17	17	15
Other Financing Activities, net	-0.15	-1.76	-3.87	-58	-20	-145	-25	-9.47	-13	-16	-13
Effect of Exchange Rate Changes	0.32	-	-	-	0.17	1.53	-0.96	-3.06	1.02	-2.22	3.71
Cash Interest Paid	1.89	0.71	0.12	0.04	0.19	0.22	0.31	0.35	17	59	54
Cash Income Taxes Paid	0.10	0.23	0.22	0.43	1.00	0.87	1.39	3.73	11	18	12

This table details how cash moves in and out of RingCentral's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	-49	207	-210	-19	-3.80	13	30	-88	14	-23	-13
Net Cash From Operating Activities	91	87	114	96	127	127	133	150	167	151	149
Net Cash From Continuing Operating Activities	91	87	114	96	127	127	133	150	167	151	149
Net Income / (Loss) Continuing Operations	-21	-42	-47	-28	-15	-7.85	-7.19	-10	13	18	23
Consolidated Net Income / (Loss)	-21	-42	-47	-28	-15	-7.85	-7.19	-10	13	18	23
Depreciation Expense	58	59	59	57	56	55	55	55	55	56	56
Amortization Expense	34	37	39	40	42	43	43	42	42	42	42
Non-Cash Adjustments To Reconcile Net Income	76	99	104	95	88	86	85	84	83	70	67
Changes in Operating Assets and Liabilities, net	-56	-66	-40	-66	-44	-48	-43	-21	-26	-35	-39
Net Cash From Investing Activities	-18	-31	-20	-19	-45	-24	-21	-19	-23	-43	-23
Net Cash From Continuing Investing Activities	-18	-31	-20	-19	-45	-24	-21	-19	-23	-43	-23
Purchase of Property, Plant & Equipment	-4.44	-4.36	-6.00	-6.13	-5.05	-7.43	-6.38	-5.59	-8.96	-7.57	-7.99
Acquisitions	-13	-27	-14	-13	-40	-17	-12	-14	-14	-35	-15
Net Cash From Financing Activities	-122	153	-306	-95	-86	-92	-78	-220	-134	-131	-139
Net Cash From Continuing Financing Activities	-122	153	-306	-95	-86	-92	-78	-220	-134	-131	-139
Repayment of Debt	-424	-160	-246	-8.09	-6.31	-8.00	-6.72	-168	-110	-8.88	-4.76
Repurchase of Common Equity	-100	-75	-62	-80	-82	-83	-77	-50	-32	-117	-135
Issuance of Common Equity	11	0.07	5.73	-	10	-	6.69	-	-	-	5.65
Other Financing Activities, net	-3.22	-3.84	-3.83	-6.11	-8.36	-1.21	-0.63	-1.90	-1.67	-4.74	-4.26
Effect of Exchange Rate Changes	-0.22	-1.30	2.20	-1.09	-0.09	2.62	-3.66	1.33	3.20	-0.64	-0.17
Cash Interest Paid	3.37	6.74	6.46	23	7.69	22	6.12	23	7.11	20	4.40
Cash Income Taxes Paid	5.25	1.64	1.65	4.90	6.66	1.97	4.23	2.30	6.02	1.97	2.14

This table presents RingCentral's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	215	253	360	894	1,451	2,185	2,579	2,074	1,945	1,780	1,481
Total Current Assets	171	206	265	708	536	926	651	796	849	871	765
Cash & Equivalents	138	160	181	566	344	640	267	270	222	243	133
Accounts Receivable	19	30	47	94	130	176	233	311	364	386	384
Prepaid Expenses	12	15	22	47	62	110	151	215	262	242	248
Plant, Property, & Equipment, net	28	32	43	70	89	142	167	185	184	181	187
Total Noncurrent Assets	16	15	52	117	826	1,116	1,761	1,092	912	728	530
Goodwill	9.39	9.39	9.39	31	55	57	55	54	67	83	98
Intangible Assets	3.27	2.24	1.46	19	127	118	717	528	394	259	135
Other Noncurrent Operating Assets	2.95	3.09	41	66	511	727	779	510	451	387	297
Total Liabilities & Shareholders' Equity	215	253	360	894	1,451	2,185	2,579	2,074	1,945	1,780	1,481
Total Liabilities	105	123	131	577	705	1,872	2,041	2,357	2,248	2,131	1,870
Total Current Liabilities	81	116	125	199	281	438	526	653	633	749	1,219
Short-Term Debt	4.02	15	-	-	0.00	31	-	0.00	20	181	624
Accounts Payable	5.20	7.81	7.32	10	35	54	70	63	53	22	28
Accrued Expenses	35	48	55	101	139	211	280	380	326	284	298
Current Deferred Revenue	37	45	63	-	107	142	176	210	234	262	269
Total Noncurrent Liabilities	24	6.59	6.25	377	424	1,434	1,514	1,704	1,615	1,383	651
Long-Term Debt	15	0.31	-	367	387	1,375	1,398	1,638	1,525	1,348	630
Other Noncurrent Operating Liabilities	9.09	6.28	6.25	11	37	59	116	66	90	35	22
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	-	0.00	3.79	199	199	199	199	199
Total Equity & Noncontrolling Interests	110	130	228	318	746	308	339	-483	-503	-551	-588
Total Preferred & Common Equity	110	130	228	318	746	308	339	-483	-503	-551	-588
Total Common Equity	110	130	228	318	746	308	339	-483	-503	-551	-588
Common Stock	320	367	435	551	1,033	674	1,087	1,060	1,205	1,215	1,123
Retained Earnings	-210	-240	-210	-236	-289	-372	-749	-1,534	-1,699	-1,757	-1,714
Accumulated Other Comprehensive Income / (Loss)	0.53	2.74	3.00	2.23	1.95	6.81	0.64	-8.78	-8.22	-8.88	2.46

This table presents RingCentral's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025
Total Assets	2,316	2,046	1,960	2,182	1,873	1,832	1,818	1,632	1,605	1,529
Total Current Assets	775	851	804	1,052	831	828	859	780	800	762
Cash & Equivalents	305	275	225	432	203	199	213	154	168	145
Accounts Receivable	266	315	322	348	371	370	396	381	391	381
Prepaid Expenses	203	261	256	272	257	259	251	245	241	236
Plant, Property, & Equipment, net	182	187	186	184	183	182	185	182	185	186
Total Noncurrent Assets	1,359	1,008	971	947	859	822	774	670	621	581
Goodwill	53	55	55	66	67	74	75	84	85	98
Intangible Assets	585	495	457	432	359	323	290	225	192	170
Other Noncurrent Operating Assets	690	459	459	448	434	424	409	361	343	313
Total Liabilities & Shareholders' Equity	2,316	2,046	1,960	2,182	1,873	1,832	1,818	1,632	1,605	1,529
Total Liabilities	2,361	2,319	2,233	2,468	2,196	2,161	2,164	1,973	1,893	1,863
Total Current Liabilities	639	591	592	605	764	761	765	1,208	1,233	1,205
Short-Term Debt	-	-	20	20	181	181	181	627	628	624
Accounts Payable	89	56	37	43	24	39	35	61	65	37
Accrued Expenses	341	315	308	311	312	279	288	271	277	283
Current Deferred Revenue	209	220	227	231	247	262	261	249	263	262
Total Noncurrent Liabilities	1,722	1,728	1,640	1,862	1,432	1,399	1,400	765	660	658
Long-Term Debt	1,637	1,640	1,559	1,781	1,360	1,356	1,352	736	633	633
Other Noncurrent Operating Liabilities	85	88	82	81	72	43	47	29	27	25
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	199	199	199	199	199	199	199	199	199	199
Total Equity & Noncontrolling Interests	-245	-472	-472	-484	-522	-528	-545	-541	-487	-534
Total Preferred & Common Equity	-245	-472	-472	-484	-522	-528	-545	-541	-487	-534
Total Common Equity	-245	-472	-472	-484	-522	-528	-545	-541	-487	-534
Common Stock	1,023	1,123	1,143	1,171	1,210	1,219	1,211	1,234	1,265	1,202
Retained Earnings	-1,250	-1,588	-1,610	-1,652	-1,728	-1,742	-1,750	-1,768	-1,755	-1,737
Accumulated Other Comprehensive Income / (Loss)	-18	-7.02	-5.20	-3.24	-5.11	-5.05	-6.08	-7.56	2.60	1.65

This table displays calculated financial ratios and metrics derived from RingCentral's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	34.72%	28.43%	32.38%	33.76%	34.03%	31.10%	34.73%	24.68%	10.77%	8.99%	4.78%
EBITDA Growth	49.44%	138.82%	257.66%	96.01%	5.98%	167.89%	-132.95%	-997.85%	150.85%	59.19%	24.58%
EBIT Growth	30.27%	52.72%	74.76%	-158.93%	-265.71%	10.01%	-843.66%	-181.00%	86.10%	114.70%	555.69%
NOPAT Growth	31.57%	58.40%	58.52%	-207.91%	-177.90%	-147.92%	-166.50%	-115.21%	69.39%	101.34%	4,876.67%
Net Income Growth	33.60%	49.45%	74.09%	-523.29%	-104.58%	-54.82%	-353.34%	-133.67%	81.20%	64.73%	174.44%
EPS Growth	36.11%	52.17%	72.73%	-450.00%	-93.94%	-46.88%	-336.17%	-125.12%	81.15%	63.79%	176.19%
Operating Cash Flow Growth	144.50%	484.11%	38.57%	75.22%	-10.10%	-154.27%	532.36%	25.73%	108.91%	20.92%	27.76%
Free Cash Flow Firm Growth	-8.69%	93.50%	-3,006.34%	-24.17%	-594.71%	49.53%	-179.31%	90.01%	7.68%	217.43%	238.71%
Invested Capital Growth	56.92%	-81.71%	408.34%	149.89%	457.40%	31.80%	68.57%	-25.64%	-5.98%	-8.36%	-21.64%
Revenue Q/Q Growth	7.84%	6.07%	7.69%	7.58%	7.66%	7.41%	7.70%	3.99%	2.16%	1.83%	1.19%
EBITDA Q/Q Growth	16.77%	149.87%	35.69%	19.30%	-16.44%	79.78%	-218.52%	-49.45%	8,248.30%	12.97%	4.85%
EBIT Q/Q Growth	8.81%	46.12%	-249.46%	-9.14%	-113.52%	51.67%	-59.90%	-26.04%	67.59%	161.81%	25.57%
NOPAT Q/Q Growth	9.76%	49.22%	-410.96%	-24.05%	-59.09%	-7.99%	-32.79%	-30.65%	51.44%	104.60%	124.43%
Net Income Q/Q Growth	9.01%	44.63%	-304.57%	-26.92%	-57.54%	22.02%	-44.87%	-23.23%	58.90%	40.73%	227.83%
EPS Q/Q Growth	8.00%	46.34%	-300.00%	-32.00%	-52.38%	23.58%	-44.88%	-22.41%	58.77%	40.00%	220.00%
Operating Cash Flow Q/Q Growth	340.59%	17.36%	7.91%	21.45%	-31.04%	9.46%	49.14%	-4.15%	22.90%	4.10%	2.68%
Free Cash Flow Firm Q/Q Growth	7.89%	83.32%	-2,293.30%	23.34%	-464.97%	58.50%	-218.86%	88.83%	35.88%	27.02%	23.63%
Invested Capital Q/Q Growth	10.11%	-6.73%	555.07%	34.55%	289.72%	9.65%	65.29%	-13.52%	-5.88%	-4.08%	-5.75%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	70.54%	100.00%	75.92%	76.67%	74.41%	72.66%	71.88%	67.73%	69.84%	70.61%	71.24%
EBITDA Margin	-6.08%	1.84%	4.96%	7.27%	5.75%	11.75%	-2.87%	-25.30%	11.61%	16.96%	20.17%
Operating Margin	-10.44%	-3.38%	-1.06%	-2.44%	-5.06%	-9.57%	-18.92%	-32.66%	-9.03%	0.11%	4.79%
EBIT Margin	-10.88%	-4.01%	-0.76%	-1.48%	-4.03%	-2.77%	-19.40%	-43.72%	-5.49%	0.74%	4.63%
Profit (Net Income) Margin	-10.84%	-4.26%	-0.83%	-3.89%	-5.94%	-7.01%	-23.59%	-44.22%	-7.50%	-2.43%	1.73%
Tax Burden Percent	96.21%	101.48%	106.54%	100.54%	94.15%	101.14%	100.68%	100.59%	105.35%	123.43%	77.16%
Interest Burden Percent	103.48%	104.89%	102.57%	261.65%	156.31%	250.33%	120.81%	100.55%	129.79%	-265.76%	48.27%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	22.84%
Return on Invested Capital (ROIC)	0.00%	0.00%	-23.46%	-13.95%	-8.25%	-10.41%	-18.17%	-35.74%	-13.22%	0.19%	11.16%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	-23.17%	-6.23%	6.73%	-12.02%	-40.56%	-72.82%	-15.16%	-4.42%	7.03%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	21.11%	4.35%	-1.83%	-5.28%	-70.29%	-653.60%	69.57%	17.62%	-22.88%
Return on Equity (ROE)	-31.07%	-13.51%	-2.35%	-9.60%	-10.08%	-15.69%	-88.46%	-689.33%	56.35%	17.81%	-11.73%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	-140.36%	-99.62%	-147.41%	-37.85%	-69.24%	-6.32%	-7.05%	8.92%	35.42%
Operating Return on Assets (OROA)	-15.99%	-6.52%	-1.26%	-1.59%	-3.11%	-1.80%	-12.99%	-37.37%	-6.01%	0.95%	7.15%
Return on Assets (ROA)	-15.92%	-6.94%	-1.37%	-4.18%	-4.57%	-4.57%	-15.80%	-37.79%	-8.22%	-3.13%	2.66%
Return on Common Equity (ROCE)	-31.07%	-13.51%	-2.35%	-9.60%	-10.08%	-15.63%	-67.33%	388.66%	94.68%	28.66%	-18.04%
Return on Equity Simple (ROE_SIMPLE)	-29.15%	-12.48%	-1.84%	-8.25%	-7.19%	-26.91%	-111.00%	182.10%	32.88%	10.58%	0.00%
Net Operating Profit after Tax (NOPAT)	-22	-9.01	-3.74	-12	-32	-79	-211	-455	-139	1.87	93
NOPAT Margin	-7.31%	-2.37%	-0.74%	-1.71%	-3.54%	-6.70%	-13.25%	-22.87%	-6.32%	0.08%	3.70%
Net Nonoperating Expense Percent (NNEP)	-8.91%	-5.47%	-0.29%	-7.72%	-14.99%	1.61%	22.38%	37.09%	1.94%	4.61%	4.12%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-39.34%	-13.34%	0.19%	13.97%
Cost of Revenue to Revenue	29.46%	0.00%	24.08%	23.33%	25.59%	27.34%	28.12%	32.27%	30.16%	29.39%	28.76%
SG&A Expenses to Revenue	15.90%	14.58%	14.36%	15.26%	15.73%	16.90%	17.83%	14.73%	15.12%	11.10%	10.27%
R&D to Revenue	17.87%	17.22%	14.92%	15.00%	15.10%	16.01%	19.42%	18.22%	15.25%	13.72%	12.60%
Operating Expenses to Revenue	80.98%	103.38%	76.98%	79.11%	79.47%	82.23%	90.81%	100.39%	78.87%	70.50%	66.45%
Earnings before Interest and Taxes (EBIT)	-32	-15	-3.85	-9.96	-36	-33	-309	-869	-121	18	117
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-18	6.99	25	49	52	139	-46	-503	256	407	507
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	15.19	11.66	16.40	20.85	18.98	110.12	50.94	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	17.16	12.80	17.21	24.81	25.14	255.72	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	5.65	3.98	7.43	9.83	15.68	28.70	10.83	1.71	1.45	1.32	0.99
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	57.62
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.74%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	75.55	54.51	21.42	39.88	12.60	4.57	4.61	4.98	5.22
Enterprise Value to Revenue (EV/Rev)	5.25	3.60	7.07	9.53	15.58	29.17	11.53	2.50	2.14	1.94	1.52
Enterprise Value to EBITDA (EV/EBITDA)	0.00	196.15	142.56	131.12	270.99	248.26	0.00	0.00	18.40	11.42	7.53
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	261.78	32.79
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2,488.90	41.08
Enterprise Value to Operating Cash Flow (EV/OCF)	305.61	46.13	86.55	89.05	216.94	0.00	120.85	25.94	11.77	9.63	6.19
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	53.36	12.94
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.17	0.12	0.00	1.15	0.52	4.50	2.60	-5.78	-5.10	-4.35	-3.23
Long-Term Debt to Equity	0.14	0.00	0.00	1.15	0.52	4.40	2.60	-5.78	-5.03	-3.84	-1.62
Financial Leverage	-1.14	-1.10	-0.91	-0.70	-0.27	0.44	1.73	8.97	-4.59	-3.99	-3.25
Leverage Ratio	1.95	1.95	1.71	2.30	2.21	3.44	5.60	18.24	-6.85	-5.69	-4.41
Compound Leverage Factor	2.02	2.04	1.75	6.01	3.45	8.60	6.77	18.34	-8.89	15.12	-2.13
Debt to Total Capital	14.74%	10.35%	0.00%	53.58%	34.16%	81.83%	72.20%	120.91%	124.40%	129.84%	144.93%
Short-Term Debt to Total Capital	3.11%	10.14%	0.00%	0.00%	0.00%	1.81%	0.00%	0.00%	1.61%	15.39%	72.15%
Long-Term Debt to Total Capital	11.63%	0.22%	0.00%	53.58%	34.16%	80.02%	72.20%	120.91%	122.79%	114.45%	72.77%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.22%	10.30%	14.72%	16.05%	16.94%	23.05%
Common Equity to Total Capital	85.25%	89.64%	100.00%	46.42%	65.84%	17.95%	17.50%	-35.63%	-40.45%	-46.78%	-67.98%
Debt to EBITDA	-1.06	2.15	0.00	7.48	7.45	10.11	-30.52	-3.26	6.04	3.76	2.47
Net Debt to EBITDA	6.59	-20.80	0.00	-4.08	-1.71	3.98	-20.10	-2.72	5.17	3.16	2.21
Long-Term Debt to EBITDA	-0.83	0.04	0.00	7.48	7.45	9.89	-30.52	-3.26	5.96	3.31	1.24
Debt to NOPAT	-0.88	-1.67	0.00	-31.86	-12.10	-17.74	-6.62	-3.60	-11.11	818.16	13.48
Net Debt to NOPAT	5.48	16.13	0.00	17.36	2.78	-6.98	-4.36	-3.01	-9.51	688.24	12.05
Long-Term Debt to NOPAT	-0.69	-0.03	0.00	-31.86	-12.10	-17.35	-6.62	-3.60	-10.96	721.18	6.77
Altman Z-Score	9.61	7.83	18.10	7.92	12.52	11.41	4.95	-0.51	0.69	0.97	0.77
Noncontrolling Interest Sharing Ratio	0.01%	0.01%	0.00%	0.00%	0.00%	0.36%	23.89%	156.38%	-68.02%	-60.94%	-53.89%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.12	1.78	2.11	3.55	1.91	2.11	1.24	1.22	1.34	1.16	0.63
Quick Ratio	1.95	1.64	1.82	3.31	1.69	1.86	0.95	0.89	0.93	0.84	0.42
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-33	-2.13	-66	-82	-571	-288	-805	-80	-74	87	295
Operating Cash Flow to CapEx	34.76%	208.68%	211.14%	265.94%	233.54%	-80.68%	525.40%	584.80%	1,699.75%	1,933.57%	2,050.98%
Free Cash Flow to Firm to Interest Expense	-29.18	-2.86	-668.52	-5.10	-27.83	-5.85	-12.50	-16.73	-2.06	1.34	4.90
Operating Cash Flow to Interest Expense	4.53	39.82	415.81	4.48	3.16	-0.71	2.36	39.80	11.10	7.44	10.24
Operating Cash Flow Less CapEx to Interest Expense	-8.50	20.74	218.87	2.80	1.81	-1.60	1.91	32.99	10.45	7.05	9.74
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.47	1.63	1.64	1.07	0.77	0.65	0.67	0.85	1.10	1.29	1.54
Accounts Receivable Turnover	22.10	15.40	13.09	9.55	8.05	7.74	7.80	7.31	6.52	6.40	6.53
Inventory Turnover	43.34	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	11.04	12.65	13.38	11.87	11.33	10.23	10.32	11.29	11.91	13.15	13.70
Accounts Payable Turnover	18.61	0.00	16.03	17.99	10.32	7.30	7.23	9.67	11.45	18.77	29.20
Days Sales Outstanding (DSO)	16.52	23.70	27.88	38.22	45.35	47.18	46.79	49.95	56.00	57.07	55.90
Days Inventory Outstanding (DIO)	8.42	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	19.61	0.00	22.77	20.29	35.35	50.00	50.50	37.75	31.87	19.44	12.50
Cash Conversion Cycle (CCC)	5.33	23.70	5.11	17.93	10.00	-2.81	-3.71	12.20	24.12	37.63	43.40
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-8.42	-15	47	118	657	866	1,459	1,085	1,020	935	733
Invested Capital Turnover	-21.20	-32.09	31.61	8.17	2.33	1.55	1.37	1.56	2.09	2.46	3.02
Increase / (Decrease) in Invested Capital	11	-6.88	62	71	539	209	594	-374	-65	-85	-202
Enterprise Value (EV)	1,554	1,371	3,563	6,423	14,068	34,525	18,387	4,962	4,705	4,652	3,821
Market Capitalization	1,673	1,516	3,744	6,623	14,157	33,968	17,266	3,394	3,183	3,166	2,500
Book Value per Share	$1.55	$1.77	$2.95	$3.95	$8.88	$3.44	$3.68	($5.07)	($5.36)	($6.09)	($6.79)
Tangible Book Value per Share	$1.37	$1.61	$2.81	$3.32	$6.71	$1.48	($4.70)	($11.18)	($10.28)	($9.87)	($9.49)
Total Capital	129	145	228	684	1,133	1,719	1,937	1,355	1,242	1,178	865
Total Debt	19	15	0.00	367	387	1,406	1,398	1,638	1,545	1,529	1,254
Total Long-Term Debt	15	0.31	0.00	367	387	1,375	1,398	1,638	1,525	1,348	630
Net Debt	-119	-145	-181	-200	-89	553	921	1,368	1,323	1,286	1,121
Capital Expenditures (CapEx)	15	14	19	27	28	44	29	33	24	25	30
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-43	-56	-42	-58	-89	-121	-143	-127	14	61	38
Debt-free Net Working Capital (DFNWC)	94	105	140	508	255	519	124	143	236	304	171
Net Working Capital (NWC)	90	90	140	508	255	488	124	143	216	122	-453
Net Nonoperating Expense (NNE)	10	7.22	0.47	15	22	3.73	165	425	26	60	50
Net Nonoperating Obligations (NNO)	-119	-145	-181	-200	-89	553	921	1,368	1,323	1,286	1,121
Total Depreciation and Amortization (D&A)	14	22	29	59	88	172	264	366	377	389	391
Debt-free, Cash-free Net Working Capital to Revenue	-14.55%	-14.65%	-8.26%	-8.64%	-9.83%	-10.19%	-8.95%	-6.36%	0.63%	2.53%	1.52%
Debt-free Net Working Capital to Revenue	31.90%	27.50%	27.72%	75.44%	28.22%	43.86%	7.81%	7.21%	10.72%	12.65%	6.79%
Net Working Capital to Revenue	30.54%	23.63%	27.72%	75.44%	28.22%	41.23%	7.81%	7.21%	9.81%	5.10%	-18.03%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.46)	($0.40)	($0.34)	($0.33)	($0.64)	($0.94)	($4.10)	($9.23)	($1.74)	($0.63)	$0.48
Adjusted Weighted Average Basic Shares Outstanding	72.01M	74.53M	78.67M	81.25M	87.10M	90.49M	91.74M	95.24M	94.91M	92.11M	89.48M
Adjusted Diluted Earnings per Share	($0.46)	($0.40)	($0.34)	($0.33)	($0.64)	($0.94)	($4.10)	($9.23)	($1.74)	($0.63)	$0.48
Adjusted Weighted Average Diluted Shares Outstanding	72.01M	74.53M	78.67M	81.25M	87.10M	90.49M	91.74M	95.24M	94.91M	92.11M	91.21M
Adjusted Basic & Diluted Earnings per Share	($0.46)	($0.40)	($0.34)	($0.33)	($0.64)	($0.94)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	70.07M	72.99M	76.28M	79.50M	83.13M	88.68M	94.44M	95.47M	92.32M	90.72M	84.07M
Normalized Net Operating Profit after Tax (NOPAT)	-22	-9.01	-3.74	-12	-32	-79	-211	-256	-139	1.87	93
Normalized NOPAT Margin	-7.31%	-2.37%	-0.74%	-1.71%	-3.54%	-6.70%	-13.25%	-12.88%	-6.32%	0.08%	3.70%
Pre Tax Income Margin	-11.26%	-4.20%	-0.78%	-3.87%	-6.31%	-6.93%	-23.43%	-43.96%	-7.12%	-1.97%	2.24%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-28.71	-20.43	-38.86	-0.62	-1.78	-0.67	-4.80	-180.83	-3.36	0.27	1.93
NOPAT to Interest Expense	-19.28	-12.07	-37.74	-0.71	-1.56	-1.61	-3.28	-94.58	-3.87	0.03	1.54
EBIT Less CapEx to Interest Expense	-41.74	-39.52	-235.80	-2.30	-3.13	-1.55	-5.25	-187.63	-4.01	-0.11	1.43
NOPAT Less CapEx to Interest Expense	-32.31	-31.16	-234.68	-2.40	-2.91	-2.49	-3.73	-101.38	-4.52	-0.36	1.04
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	-57.25%	0.00%	0.00%	0.00%	-11.35%	-188.26%	-553.04%	770.77%

This table displays calculated financial ratios and metrics derived from RingCentral's official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.76%	9.65%	8.87%	9.47%	9.94%	9.07%	7.57%	4.77%	4.64%	4.91%	4.80%
EBITDA Growth	221.88%	132.95%	137.73%	109.12%	23.44%	64.03%	67.54%	24.54%	26.51%	27.64%	20.23%
EBIT Growth	94.02%	88.06%	89.81%	81.76%	147.22%	112.94%	162.64%	231.12%	623.29%	610.04%	132.43%
NOPAT Growth	58.18%	70.32%	82.38%	80.01%	88.11%	106.07%	-124.20%	194.87%	929.21%	1,277.53%	149.45%
Net Income Growth	86.53%	85.20%	83.37%	47.62%	31.32%	81.35%	84.79%	63.75%	189.43%	323.60%	419.52%
EPS Growth	86.31%	84.90%	83.50%	45.61%	30.43%	80.00%	85.71%	64.52%	187.50%	311.11%	471.43%
Operating Cash Flow Growth	78.96%	104.91%	189.15%	-11.46%	40.13%	46.91%	16.72%	55.75%	31.74%	18.98%	12.12%
Free Cash Flow Firm Growth	146.76%	126.59%	-82.90%	-75.88%	-74.34%	-16.03%	-56.21%	123.85%	244.44%	105.42%	1,522.29%
Invested Capital Growth	-21.56%	-13.61%	-5.98%	-7.04%	-6.65%	-10.08%	-8.36%	-14.56%	-20.18%	-20.25%	-21.64%
Revenue Q/Q Growth	1.05%	3.50%	2.35%	2.27%	1.49%	2.67%	0.94%	-0.40%	1.36%	2.94%	0.84%
EBITDA Q/Q Growth	98.47%	-25.22%	11.74%	26.09%	17.16%	-0.63%	14.13%	-6.27%	19.01%	0.26%	7.52%
EBIT Q/Q Growth	80.83%	-258.45%	15.22%	68.69%	149.63%	-1.80%	310.56%	-34.46%	173.74%	-3.60%	34.40%
NOPAT Q/Q Growth	17.36%	-20.22%	16.86%	75.80%	50.83%	161.41%	-3,168.59%	110.24%	329.76%	2.02%	10.14%
Net Income Q/Q Growth	60.51%	-96.05%	-12.17%	39.69%	48.22%	46.77%	8.47%	-43.68%	227.74%	33.09%	30.80%
EPS Q/Q Growth	59.65%	-95.65%	-8.89%	36.73%	48.39%	43.75%	22.22%	-57.14%	227.27%	35.71%	36.84%
Operating Cash Flow Q/Q Growth	-16.44%	-4.52%	31.47%	-15.59%	32.25%	0.11%	4.45%	12.63%	11.86%	-9.59%	-1.57%
Free Cash Flow Firm Q/Q Growth	-7.50%	-49.99%	-74.86%	107.41%	-1.61%	63.69%	-86.89%	960.18%	51.40%	-2.38%	3.53%
Invested Capital Q/Q Growth	-1.02%	0.26%	-5.88%	-0.47%	-0.61%	-3.42%	-4.08%	-7.20%	-7.15%	-3.51%	-5.75%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	69.51%	69.73%	70.20%	70.82%	70.20%	70.40%	71.01%	70.52%	71.16%	71.76%	71.51%
EBITDA Margin	15.36%	11.10%	12.12%	14.94%	17.25%	16.69%	18.88%	17.76%	20.86%	20.31%	21.66%
Operating Margin	-8.36%	-9.71%	-7.88%	-1.87%	-0.90%	0.54%	2.54%	1.69%	5.96%	4.82%	6.59%
EBIT Margin	-1.75%	-6.04%	-5.01%	-1.53%	0.75%	0.72%	2.92%	1.92%	5.18%	4.85%	6.47%
Profit (Net Income) Margin	-3.98%	-7.55%	-8.27%	-4.88%	-2.49%	-1.29%	-1.17%	-1.69%	2.13%	2.75%	3.57%
Tax Burden Percent	147.86%	91.76%	104.74%	113.03%	127.43%	65.28%	-452.08%	236.18%	84.16%	103.01%	82.36%
Interest Burden Percent	154.38%	136.05%	157.71%	281.51%	-260.51%	-275.64%	8.87%	-37.24%	48.77%	55.01%	66.96%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	552.08%	0.00%	15.84%	-3.01%	17.64%
Return on Invested Capital (ROIC)	-10.02%	-12.53%	-11.55%	-2.79%	-1.40%	0.87%	-28.25%	3.05%	13.57%	14.10%	16.37%
ROIC Less NNEP Spread (ROIC-NNEP)	-9.24%	-12.84%	-12.72%	-4.34%	-2.21%	0.11%	-23.38%	1.67%	12.10%	12.93%	15.38%
Return on Net Nonoperating Assets (RNNOA)	214.59%	103.72%	58.36%	19.68%	9.91%	-0.47%	93.21%	-6.41%	-47.73%	-46.25%	-50.02%
Return on Equity (ROE)	204.57%	91.19%	46.81%	16.89%	8.51%	0.39%	64.97%	-3.36%	-34.16%	-32.15%	-33.65%
Cash Return on Invested Capital (CROIC)	-6.45%	-9.90%	-7.05%	-3.01%	-0.86%	6.67%	8.92%	17.48%	-80.31%	27.27%	35.42%
Operating Return on Assets (OROA)	-1.64%	-5.79%	-5.49%	-1.76%	0.91%	0.84%	3.76%	2.66%	7.40%	7.21%	9.97%
Return on Assets (ROA)	-3.75%	-7.23%	-9.06%	-5.61%	-3.03%	-1.52%	-1.51%	-2.34%	3.04%	4.08%	5.50%
Return on Common Equity (ROCE)	942.19%	201.28%	78.66%	28.21%	14.16%	0.64%	104.55%	-5.37%	-56.29%	-51.00%	-51.78%
Return on Equity Simple (ROE_SIMPLE)	136.61%	82.99%	0.00%	26.67%	25.10%	18.03%	0.00%	7.41%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-32	-38	-32	-7.63	-3.75	2.30	-71	7.24	31	32	35
NOPAT Margin	-5.85%	-6.79%	-5.52%	-1.31%	-0.63%	0.38%	-11.50%	1.18%	5.01%	4.97%	5.43%
Net Nonoperating Expense Percent (NNEP)	-0.78%	0.31%	1.17%	1.54%	0.82%	0.76%	-4.87%	1.38%	1.47%	1.17%	1.00%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-3.02%	-	-	-	-7.23%	0.88%	4.02%	4.39%	5.25%
Cost of Revenue to Revenue	30.49%	30.27%	29.80%	29.18%	29.80%	29.60%	28.99%	29.48%	28.84%	28.24%	28.49%
SG&A Expenses to Revenue	13.95%	15.61%	15.51%	12.22%	12.20%	10.54%	9.53%	10.52%	10.21%	10.34%	10.03%
R&D to Revenue	14.89%	15.31%	14.86%	13.78%	13.45%	13.82%	13.82%	13.39%	12.50%	12.51%	12.04%
Operating Expenses to Revenue	77.87%	79.43%	78.09%	72.68%	71.11%	69.86%	68.46%	68.83%	65.20%	66.94%	64.92%
Earnings before Interest and Taxes (EBIT)	-9.41	-34	-29	-8.96	4.44	4.36	18	12	32	31	42
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	83	62	69	87	102	102	116	109	129	130	139
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.49	1.30	1.45	1.45	1.13	1.23	1.32	0.93	1.04	1.03	0.99
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	193.86	57.62
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.52%	1.74%
Enterprise Value to Invested Capital (EV/IC)	4.33	4.04	4.61	4.72	4.10	4.54	4.98	4.21	4.77	4.99	5.22
Enterprise Value to Revenue (EV/Rev)	2.22	2.03	2.14	2.13	1.79	1.88	1.94	1.51	1.56	1.56	1.52
Enterprise Value to EBITDA (EV/EBITDA)	0.00	1,427.50	18.40	15.91	12.90	12.27	11.42	8.53	8.43	8.01	7.53
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	261.78	95.02	58.06	41.78	32.79
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	2,488.90	218.39	0.00	93.55	41.08
Enterprise Value to Operating Cash Flow (EV/OCF)	16.67	13.45	11.77	12.38	9.77	9.53	9.63	6.81	6.66	6.45	6.19
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	64.46	53.36	22.21	0.00	16.23	12.94
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-5.80	-6.32	-5.10	-4.77	-4.68	-4.43	-4.35	-3.99	-4.39	-3.76	-3.23
Long-Term Debt to Equity	-5.72	-6.25	-5.03	-4.21	-4.12	-3.91	-3.84	-2.15	-2.20	-1.89	-1.62
Financial Leverage	-23.23	-8.08	-4.59	-4.54	-4.48	-4.26	-3.99	-3.83	-3.95	-3.58	-3.25
Leverage Ratio	-40.49	-13.61	-6.85	-6.58	-6.31	-6.34	-5.69	-5.27	-5.58	-4.92	-4.41
Compound Leverage Factor	-62.51	-18.52	-10.81	-18.53	16.43	17.48	-0.51	1.96	-2.72	-2.71	-2.95
Debt to Total Capital	120.85%	118.80%	124.40%	126.50%	127.21%	129.13%	129.84%	133.44%	129.49%	136.24%	144.93%
Short-Term Debt to Total Capital	1.53%	1.32%	1.61%	14.85%	14.98%	15.26%	15.39%	61.40%	64.49%	67.61%	72.15%
Long-Term Debt to Total Capital	119.32%	117.48%	122.79%	111.65%	112.23%	113.88%	114.45%	72.04%	65.00%	68.62%	72.77%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	15.27%	13.15%	16.05%	16.37%	16.50%	16.80%	16.94%	19.52%	20.48%	21.62%	23.05%
Common Equity to Total Capital	-36.12%	-31.95%	-40.45%	-42.87%	-43.71%	-45.93%	-46.78%	-52.96%	-49.98%	-57.85%	-67.98%
Debt to EBITDA	-6.39	587.88	6.04	5.12	4.79	4.25	3.76	3.18	2.77	2.60	2.47
Net Debt to EBITDA	-5.48	446.77	5.17	4.44	4.17	3.66	3.16	2.82	2.40	2.30	2.21
Long-Term Debt to EBITDA	-6.31	581.35	5.96	4.51	4.23	3.75	3.31	1.72	1.39	1.31	1.24
Debt to NOPAT	-4.19	-6.29	-11.11	-14.19	-19.02	-37.76	818.16	81.48	-1.35	30.33	13.48
Net Debt to NOPAT	-3.60	-4.78	-9.51	-12.32	-16.55	-32.52	688.24	72.25	-1.17	26.82	12.05
Long-Term Debt to NOPAT	-4.14	-6.22	-10.96	-12.52	-16.78	-33.30	721.18	43.99	-0.68	15.28	6.77
Altman Z-Score	0.88	0.81	0.84	0.83	0.70	0.82	0.97	0.36	0.55	0.58	0.61
Noncontrolling Interest Sharing Ratio	-360.56%	-120.72%	-68.02%	-66.99%	-66.35%	-63.23%	-60.94%	-60.01%	-64.76%	-58.64%	-53.89%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.36	1.74	1.34	1.09	1.09	1.12	1.16	0.65	0.65	0.63	0.63
Quick Ratio	0.92	1.29	0.93	0.75	0.75	0.80	0.84	0.44	0.45	0.44	0.42
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	266	133	33	69	68	112	15	155	235	229	237
Operating Cash Flow to CapEx	2,043.97%	1,988.38%	1,898.03%	1,566.84%	2,514.96%	1,712.00%	2,083.77%	2,678.75%	1,869.09%	1,999.76%	1,864.46%
Free Cash Flow to Firm to Interest Expense	51.90	10.92	2.02	4.26	4.25	6.80	0.90	9.62	14.26	16.44	17.24
Operating Cash Flow to Interest Expense	17.72	7.12	6.90	5.91	7.93	7.76	8.14	9.29	10.17	10.86	10.83
Operating Cash Flow Less CapEx to Interest Expense	16.85	6.76	6.53	5.53	7.62	7.31	7.75	8.94	9.62	10.32	10.25
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.94	0.96	1.10	1.15	1.22	1.18	1.29	1.39	1.43	1.49	1.54
Accounts Receivable Turnover	7.32	7.02	6.52	6.56	6.66	6.34	6.40	6.45	6.45	6.40	6.53
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	11.57	11.79	11.91	12.18	12.53	12.78	13.15	13.32	13.39	13.39	13.70
Accounts Payable Turnover	9.79	9.93	11.45	16.77	18.14	17.86	18.77	16.78	13.75	20.10	29.20
Days Sales Outstanding (DSO)	49.88	51.97	56.00	55.63	54.77	57.58	57.07	56.55	56.57	57.07	55.90
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	37.27	36.75	31.87	21.76	20.12	20.43	19.44	21.76	26.55	18.16	12.50
Cash Conversion Cycle (CCC)	12.61	15.22	24.12	33.86	34.64	37.15	37.63	34.80	30.02	38.91	43.40
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,081	1,084	1,020	1,015	1,009	975	935	868	806	777	733
Invested Capital Turnover	1.71	1.84	2.09	2.14	2.21	2.29	2.46	2.58	2.71	2.84	3.02
Increase / (Decrease) in Invested Capital	-297	-171	-65	-77	-72	-109	-85	-148	-204	-197	-202
Enterprise Value (EV)	4,682	4,374	4,705	4,794	4,137	4,424	4,652	3,655	3,842	3,877	3,821
Market Capitalization	3,129	2,806	3,183	3,257	2,599	2,904	3,166	2,246	2,550	2,566	2,500
Book Value per Share	($4.94)	($5.12)	($5.36)	($5.61)	($5.73)	($5.94)	($6.09)	($5.97)	($5.41)	($5.90)	($6.79)
Tangible Book Value per Share	($10.29)	($10.38)	($10.28)	($10.18)	($10.04)	($9.92)	($9.87)	($9.37)	($8.49)	($8.85)	($9.49)
Total Capital	1,306	1,516	1,242	1,218	1,208	1,187	1,178	1,022	974	923	865
Total Debt	1,579	1,801	1,545	1,541	1,537	1,533	1,529	1,364	1,261	1,257	1,254
Total Long-Term Debt	1,559	1,781	1,525	1,360	1,356	1,352	1,348	736	633	633	630
Net Debt	1,353	1,369	1,323	1,338	1,338	1,321	1,286	1,209	1,093	1,112	1,121
Capital Expenditures (CapEx)	4.44	4.36	6.00	6.13	5.05	7.43	6.38	5.59	8.96	7.57	7.99
Debt-free, Cash-free Net Working Capital (DFCFNWC)	5.84	35	14	45	48	63	61	45	27	36	38
Debt-free Net Working Capital (DFNWC)	231	467	236	248	248	275	304	199	195	181	171
Net Working Capital (NWC)	211	447	216	67	66	94	122	-428	-433	-443	-453
Net Nonoperating Expense (NNE)	-10	4.19	16	21	11	10	-64	18	18	14	12
Net Nonoperating Obligations (NNO)	1,353	1,369	1,323	1,338	1,338	1,321	1,286	1,209	1,093	1,112	1,121
Total Depreciation and Amortization (D&A)	92	96	98	96	98	97	98	97	97	99	98
Debt-free, Cash-free Net Working Capital to Revenue	0.28%	1.61%	0.63%	1.99%	2.09%	2.66%	2.53%	1.85%	1.10%	1.43%	1.52%
Debt-free Net Working Capital to Revenue	10.97%	21.66%	10.72%	11.00%	10.73%	11.68%	12.65%	8.21%	7.94%	7.28%	6.79%
Net Working Capital to Revenue	10.02%	20.73%	9.81%	2.97%	2.88%	4.00%	5.10%	-17.63%	-17.63%	-17.82%	-18.03%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.23)	($0.45)	($0.49)	($0.31)	($0.16)	($0.09)	($0.07)	($0.11)	$0.15	$0.19	$0.25
Adjusted Weighted Average Basic Shares Outstanding	95.34M	94.59M	94.91M	93.14M	92.75M	91.89M	92.11M	91.02M	90.71M	90.14M	89.48M
Adjusted Diluted Earnings per Share	($0.23)	($0.45)	($0.49)	($0.31)	($0.16)	($0.09)	($0.07)	($0.11)	$0.14	$0.19	$0.26
Adjusted Weighted Average Diluted Shares Outstanding	95.34M	94.59M	94.91M	93.14M	92.75M	91.89M	92.11M	91.02M	92.06M	91.96M	91.21M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	94.68M	93.75M	92.32M	92.17M	91.82M	90.43M	90.72M	89.94M	90.54M	86.56M	84.07M
Normalized Net Operating Profit after Tax (NOPAT)	-32	-38	-32	-7.63	-3.75	2.30	11	7.24	31	22	35
Normalized NOPAT Margin	-5.85%	-6.79%	-5.52%	-1.31%	-0.63%	0.38%	1.78%	1.18%	5.01%	3.38%	5.43%
Pre Tax Income Margin	-2.69%	-8.22%	-7.90%	-4.32%	-1.95%	-1.98%	0.26%	-0.71%	2.53%	2.67%	4.33%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-1.84	-2.77	-1.73	-0.55	0.28	0.27	1.10	0.73	1.95	2.22	3.03
NOPAT to Interest Expense	-6.16	-3.12	-1.91	-0.47	-0.23	0.14	-4.33	0.45	1.89	2.28	2.54
EBIT Less CapEx to Interest Expense	-2.71	-3.13	-2.10	-0.93	-0.04	-0.19	0.71	0.38	1.41	1.68	2.45
NOPAT Less CapEx to Interest Expense	-7.03	-3.48	-2.27	-0.85	-0.55	-0.31	-4.72	0.10	1.35	1.73	1.96
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-38.69%	-75.70%	-188.26%	-227.55%	-225.12%	-311.68%	-553.04%	-727.50%	-1,988.64%	2,088.21%	770.77%

Financials Breakdown Chart

Key Financial Trends

Here is a concise, data-driven snapshot of RingCentral (NYSE: RNG) using the last four fiscal years of quarterly results. The focus is on trends in revenue, profitability, and cash flow to help assess the company’s operating momentum and liquidity.

Revenue has trended higher over the period, rising from about $524.7M in 2022 Q4 to $644.0M in 2025 Q4, reflecting multi-year topline growth.
Net income to common turned positive in 2025 Q4, at $22.97M, with 2025 Q3 also positive at $17.56M, marking a shift from earlier quarterly losses.
Operating cash flow has been positive across the four most recent quarters (Q1–Q4 2025), with net cash from continuing operating activities around $149.7M (Q1 2025) to $167.4M (Q2 2025) and remaining north of $148.9M in Q4 2025.
Long-term debt declined over the period, moving from roughly $736.3M at the end of 2024 to about $633.1M by 2025 Q3, signaling improved leverage headroom.
Earnings per share improved through 2025, with Basic EPS reaching about $0.25 in 2025 Q4 and Diluted EPS around $0.26, after earlier quarterly negatives.
Financing activities produced sizable cash outflows in 2025 (example: Q4 net cash from financing activities around -$138.8M; Q3 around -$130.9M; Q2 around -$133.9M; Q1 around -$219.9M), driven largely by share repurchases and other financing actions.
Investing activities also consumed cash over the period, with quarterly net cash from investing activities typically negative (for example, Q4 2025 around -$22.9M; Q3 2025 around -$42.6M; Q2 2025 around -$23.0M; Q1 2025 around -$19.5M), reflecting PPE investments and acquisitions.
One-time impairment charges occurred in a prior year (notably Q3 2023 impairment expense of about $103.2M), which temporarily weighed profitability.
Gross margins have remained robust, generally hovering in the low- to mid-70% range across quarters (roughly 69%–76%) and providing a stable profitability baseline despite quarterly shifts in operating expenses.
Q1 2025 showed a net loss for that quarter (net income to common negative), but subsequent quarters in 2025 recovered to positive profitability, indicating a year-end improvement in earnings trajectory.

05/05/26 07:11 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About RingCentral's Financials

When does RingCentral's financial year end?

According to the most recent income statement we have on file, RingCentral's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

How has RingCentral's net income changed over the last 10 years?

RingCentral's net income appears to be on an upward trend, with a most recent value of $43.39 million in 2025, falling from -$32.10 million in 2015. The previous period was -$58.29 million in 2024. Check out RingCentral's forecast to explore projected trends and price targets.

What is RingCentral's operating income?

RingCentral's total operating income in 2025 was $120.55 million, based on the following breakdown:

Total Gross Profit: $1.79 billion
Total Operating Expenses: $1.67 billion

How has RingCentral's revenue changed over the last 10 years?

Over the last 10 years, RingCentral's total revenue changed from $296.23 million in 2015 to $2.52 billion in 2025, a change of 749.1%.

How much debt does RingCentral have?

RingCentral's total liabilities were at $1.87 billion at the end of 2025, a 12.3% decrease from 2024, and a 1,686.5% increase since 2015.

How much cash does RingCentral have?

In the past 10 years, RingCentral's cash and equivalents has ranged from $132.56 million in 2025 to $639.85 million in 2020, and is currently $132.56 million as of their latest financial filing in 2025.

How has RingCentral's book value per share changed over the last 10 years?

Over the last 10 years, RingCentral's book value per share changed from 1.55 in 2015 to -6.79 in 2025, a change of -537.7%.

Related Companies

Financial statements for NYSE:RNG last updated on 3/4/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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RingCentral (RNG) Financials

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