RingCentral (RNG) Financials

$25.83 +0.45 (+1.77%)

Closing price 05/2/2025 03:59 PM Eastern

Extended Trading

$25.86 +0.03 (+0.11%)

As of 05/2/2025 06:09 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
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
Net Income / (Loss) Attributable to Common Shareholders	-32	-16	-4.20	-26	-54	-83	-376	-879	-165	-58
Consolidated Net Income / (Loss)	-32	-16	-4.20	-26	-54	-83	-376	-879	-165	-58
Net Income / (Loss) Continuing Operations	-32	-16	-4.20	-26	-54	-83	-376	-879	-165	-58
Total Pre-Tax Income	-33	-16	-3.95	-26	-57	-82	-374	-874	-157	-47
Total Operating Income	-31	-13	-5.34	-16	-46	-113	-302	-649	-199	2.67
Total Gross Profit	209	380	382	516	672	860	1,146	1,347	1,538	1,695
Total Revenue	296	380	504	674	903	1,184	1,595	1,988	2,202	2,400
Operating Revenue	271	380	504	674	903	1,184	1,595	1,988	2,202	2,400
Total Cost of Revenue	87	0.00	121	157	231	324	448	642	664	706
Operating Cost of Revenue	87	-	121	157	231	324	448	642	664	706
Total Operating Expenses	240	393	388	533	717	973	1,448	1,996	1,737	1,692
Selling, General & Admin Expense	47	55	72	103	142	200	284	293	333	266
Marketing Expense	140	180	240	329	439	584	854	1,057	1,068	1,096
Research & Development Expense	53	66	75	101	136	189	310	362	336	329
Impairment Charge	-	-	-	-	-	0.00	0.00	284	0.00	0.00
Total Other Income / (Expense), net	-2.43	-3.12	1.39	-9.63	-11	31	-72	-225	42	-50
Interest Expense	1.12	0.75	0.10	16	21	49	64	4.81	36	65
Other Income / (Expense), net	-1.31	-2.38	1.49	6.48	9.25	80	-7.55	-220	78	15
Income Tax Expense	-1.26	0.24	0.26	0.14	-3.33	0.93	2.53	5.11	8.40	11
Basic Earnings per Share	($0.46)	($0.22)	($0.06)	($0.33)	($0.64)	($0.94)	($4.10)	($9.23)	($1.74)	($0.63)
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
Diluted Earnings per Share	($0.46)	($0.22)	($0.06)	($0.33)	($0.64)	($0.94)	($4.10)	($9.23)	($1.74)	($0.63)
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
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

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-285	-284	-54	-21	-42	-47	-28	-15	-7.85	-7.19
Consolidated Net Income / (Loss)	-285	-284	-54	-21	-42	-47	-28	-15	-7.85	-7.19
Net Income / (Loss) Continuing Operations	-285	-284	-54	-21	-42	-47	-28	-15	-7.85	-7.19
Total Pre-Tax Income	-284	-282	-51	-15	-46	-45	-25	-12	-12	1.59
Total Operating Income	-183	-256	-55	-45	-54	-45	-11	-5.36	3.29	16
Total Gross Profit	342	364	373	375	389	401	414	416	429	436
Total Revenue	509	525	534	539	558	571	584	593	609	615
Operating Revenue	509	525	534	539	558	571	584	593	609	615
Total Cost of Revenue	167	161	161	164	169	170	170	177	180	178
Operating Cost of Revenue	167	161	161	164	169	170	170	177	180	178
Total Operating Expenses	524	620	428	420	443	446	425	422	425	421
Selling, General & Admin Expense	72	75	82	75	87	89	71	72	64	59
Marketing Expense	262	275	260	264	271	273	273	269	277	277
Research & Development Expense	87	89	85	80	85	85	81	80	84	85
Total Other Income / (Expense), net	-101	-26	3.22	31	8.28	-0.06	-14	-6.22	-15	-14
Interest Expense	1.18	1.19	2.21	5.12	12	17	16	16	16	16
Other Income / (Expense), net	-100	-25	5.43	36	20	16	1.94	9.80	1.07	2.28
Income Tax Expense	0.87	2.21	3.09	6.95	-3.78	2.14	3.29	3.18	-4.18	8.78
Basic Earnings per Share	($2.98)	($2.97)	($0.57)	($0.23)	($0.45)	($0.49)	($0.31)	($0.16)	($0.09)	($0.07)
Weighted Average Basic Shares Outstanding	95.58M	95.24M	95.72M	95.34M	94.59M	94.91M	93.14M	92.75M	91.89M	92.11M
Diluted Earnings per Share	($2.98)	($2.97)	($0.57)	($0.23)	($0.45)	($0.49)	($0.31)	($0.16)	($0.09)	($0.07)
Weighted Average Diluted Shares Outstanding	95.58M	95.24M	95.72M	95.34M	94.59M	94.91M	93.14M	92.75M	91.89M	92.11M
Weighted Average Basic & Diluted Shares Outstanding	95.87M	95.47M	95.60M	94.68M	93.75M	92.32M	92.17M	91.82M	90.43M	90.72M

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
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
Net Change in Cash & Equivalents	24	23	22	386	-223	296	-373	2.82	-48	21
Net Cash From Operating Activities	5.09	30	41	72	65	-35	152	191	400	483
Net Cash From Continuing Operating Activities	5.09	30	41	72	65	-35	152	191	400	483
Net Income / (Loss) Continuing Operations	-32	-16	-4.20	-26	-54	-83	-376	-879	-165	-58
Consolidated Net Income / (Loss)	-32	-16	-4.20	-26	-54	-83	-376	-879	-165	-58
Depreciation Expense	13	15	16	23	38	76	125	247	234	223
Amortization Expense	0.77	7.57	13	36	50	96	138	120	143	167
Non-Cash Adjustments To Reconcile Net Income	23	34	43	72	121	93	390	903	381	350
Changes in Operating Assets and Liabilities, net	-0.30	-10	-27	-33	-91	-217	-125	-199	-193	-197
Net Cash From Investing Activities	6.37	-16	-26	-83	-297	-108	-397	-87	-90	-109
Net Cash From Continuing Investing Activities	6.37	-16	-26	-83	-297	-108	-397	-87	-90	-109
Purchase of Property, Plant & Equipment	-15	-14	-19	-27	-28	-44	-29	-33	-24	-25
Acquisitions	-7.18	-2.16	-7.42	-56	-133	-38	-44	-54	-67	-82
Purchase of Investments	-	-	0.00	0.00	-136	-26	-324	-3.99	0.00	-2.54
Sale and/or Maturity of Investments	28	-	-	-	-	0.00	0.00	3.22	0.00	0.00
Net Cash From Financing Activities	13	9.33	6.78	397	9.04	438	-127	-98	-358	-351
Net Cash From Continuing Financing Activities	13	9.33	6.78	397	9.04	438	-127	-98	-358	-351
Repayment of Debt	-6.74	-4.02	-15	0.00	-0.94	-1,086	-338	-4.82	-837	-29
Repurchase of Common Equity	-	-	0.00	-15	-	0.00	0.00	-100	-311	-322
Issuance of Debt	-	-	0.00	449	0.00	1,627	0.00	0.00	786	0.00
Issuance of Common Equity	20	15	25	21	30	41	37	16	17	17
Other Financing Activities, net	-0.15	-1.76	-3.87	-58	-20	-145	-25	-9.47	-13	-16
Effect of Exchange Rate Changes	0.32	-	-	-	0.17	1.53	-0.96	-3.06	1.02	-2.22
Cash Interest Paid	1.89	0.71	0.12	0.04	0.19	0.22	0.31	0.35	17	59
Cash Income Taxes Paid	0.10	0.23	0.22	0.43	1.00	0.87	1.39	3.73	11	18

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-1.11	-35	4.82	-49	207	-210	-19	-3.80	13	30
Net Cash From Operating Activities	42	39	109	91	87	114	96	127	127	133
Net Cash From Continuing Operating Activities	42	39	109	91	87	114	96	127	127	133
Net Income / (Loss) Continuing Operations	-285	-284	-54	-21	-42	-47	-28	-15	-7.85	-7.19
Consolidated Net Income / (Loss)	-285	-284	-54	-21	-42	-47	-28	-15	-7.85	-7.19
Depreciation Expense	62	62	58	58	59	59	57	56	55	55
Amortization Expense	33	35	33	34	37	39	40	42	43	43
Non-Cash Adjustments To Reconcile Net Income	298	302	102	76	99	104	91	88	86	85
Changes in Operating Assets and Liabilities, net	-66	-76	-30	-56	-66	-40	-63	-44	-48	-43
Net Cash From Investing Activities	-19	-23	-21	-18	-31	-20	-19	-45	-24	-21
Net Cash From Continuing Investing Activities	-19	-23	-21	-18	-31	-20	-19	-45	-24	-21
Purchase of Property, Plant & Equipment	-8.34	-8.89	-8.72	-4.44	-4.36	-6.00	-6.13	-5.05	-7.43	-6.38
Acquisitions	-13	-14	-13	-13	-27	-14	-13	-40	-17	-12
Net Cash From Financing Activities	-23	-53	-83	-122	153	-306	-95	-86	-92	-78
Net Cash From Continuing Financing Activities	-23	-53	-83	-122	153	-306	-95	-86	-92	-78
Repayment of Debt	-0.86	-0.87	-6.58	-424	-160	-246	-8.09	-6.31	-8.00	-6.72
Repurchase of Common Equity	-20	-55	-75	-100	-75	-62	-80	-82	-83	-77
Issuance of Common Equity	0.00	4.96	0.10	11	0.07	5.73	0.00	10	-	6.69
Other Financing Activities, net	-2.00	-2.75	-1.74	-3.22	-3.84	-3.83	-6.11	-8.36	-1.21	-0.63
Effect of Exchange Rate Changes	-2.00	1.64	0.33	-0.22	-1.30	2.20	-1.09	-0.09	2.62	-3.66
Cash Interest Paid	0.05	0.08	0.06	3.37	6.74	6.46	23	7.69	22	6.12
Cash Income Taxes Paid	1.18	0.83	2.41	5.25	1.64	1.65	4.90	6.66	1.97	4.23

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

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
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	2,316	2,046	1,960	2,182	1,873	1,832	1,818
Total Current Assets	775	851	804	1,052	831	828	859
Cash & Equivalents	305	275	225	432	203	199	213
Accounts Receivable	266	315	322	348	371	370	396
Prepaid Expenses	203	261	256	272	257	259	251
Plant, Property, & Equipment, net	182	187	186	184	183	182	185
Total Noncurrent Assets	1,359	1,008	971	947	859	822	774
Goodwill	53	55	55	66	67	74	75
Intangible Assets	585	495	457	432	359	323	290
Other Noncurrent Operating Assets	690	459	459	448	434	424	409
Total Liabilities & Shareholders' Equity	2,316	2,046	1,960	2,182	1,873	1,832	1,818
Total Liabilities	2,361	2,319	2,233	2,468	2,196	2,161	2,164
Total Current Liabilities	639	591	592	605	764	761	765
Short-Term Debt	-	-	20	20	181	181	181
Accounts Payable	89	56	37	43	24	39	35
Accrued Expenses	341	315	308	311	312	279	288
Current Deferred Revenue	209	220	227	231	247	262	261
Total Noncurrent Liabilities	1,722	1,728	1,640	1,862	1,432	1,399	1,400
Long-Term Debt	1,637	1,640	1,559	1,781	1,360	1,356	1,352
Other Noncurrent Operating Liabilities	85	88	82	81	72	43	47
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	199	199	199	199	199	199	199
Total Equity & Noncontrolling Interests	-245	-472	-472	-484	-522	-528	-545
Total Preferred & Common Equity	-245	-472	-472	-484	-522	-528	-545
Total Common Equity	-245	-472	-472	-484	-522	-528	-545
Common Stock	1,023	1,123	1,143	1,171	1,210	1,219	1,211
Retained Earnings	-1,250	-1,588	-1,610	-1,652	-1,728	-1,742	-1,750
Accumulated Other Comprehensive Income / (Loss)	-18	-7.02	-5.20	-3.24	-5.11	-5.05	-6.08

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
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
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	34.72%	28.43%	32.38%	33.76%	34.03%	31.10%	34.73%	24.68%	10.77%	8.99%
EBITDA Growth	49.44%	138.82%	257.66%	96.01%	5.98%	167.89%	-132.95%	-997.85%	150.85%	59.19%
EBIT Growth	30.27%	52.72%	74.76%	-158.93%	-265.71%	10.01%	-843.66%	-181.00%	86.10%	114.70%
NOPAT Growth	31.57%	58.40%	58.52%	-207.91%	-177.90%	-147.92%	-166.50%	-115.21%	69.39%	101.34%
Net Income Growth	33.60%	49.45%	74.09%	-523.29%	-104.58%	-54.82%	-353.34%	-133.67%	81.20%	64.73%
EPS Growth	36.11%	52.17%	72.73%	-450.00%	-93.94%	-46.88%	-336.17%	-125.12%	81.15%	63.79%
Operating Cash Flow Growth	144.50%	484.11%	38.57%	75.22%	-10.10%	-154.27%	532.36%	25.73%	108.91%	20.92%
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%
Invested Capital Growth	56.92%	-81.71%	408.34%	149.89%	457.40%	31.80%	68.57%	-25.64%	-5.98%	-8.36%
Revenue Q/Q Growth	7.84%	6.07%	7.69%	7.58%	7.66%	7.41%	7.70%	3.99%	2.16%	1.83%
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%
EBIT Q/Q Growth	8.81%	46.12%	-249.46%	-9.14%	-113.52%	51.67%	-59.90%	-26.04%	67.59%	161.81%
NOPAT Q/Q Growth	9.76%	49.22%	-410.96%	-24.05%	-59.09%	-7.99%	-32.79%	-30.65%	51.44%	104.60%
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%
EPS Q/Q Growth	8.00%	46.34%	-300.00%	-32.00%	-52.38%	23.58%	-44.88%	-22.41%	58.77%	40.00%
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%
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%
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%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	70.54%	100.00%	75.92%	76.67%	74.41%	72.66%	71.88%	67.73%	69.84%	70.61%
EBITDA Margin	-6.08%	1.84%	4.96%	7.27%	5.75%	11.75%	-2.87%	-25.30%	11.61%	16.96%
Operating Margin	-10.44%	-3.38%	-1.06%	-2.44%	-5.06%	-9.57%	-18.92%	-32.66%	-9.03%	0.11%
EBIT Margin	-10.88%	-4.01%	-0.76%	-1.48%	-4.03%	-2.77%	-19.40%	-43.72%	-5.49%	0.74%
Profit (Net Income) Margin	-10.84%	-4.26%	-0.83%	-3.89%	-5.94%	-7.01%	-23.59%	-44.22%	-7.50%	-2.43%
Tax Burden Percent	96.21%	101.48%	106.54%	100.54%	94.15%	101.14%	100.68%	100.59%	105.35%	123.43%
Interest Burden Percent	103.48%	104.89%	102.57%	261.65%	156.31%	250.33%	120.81%	100.55%	129.79%	-265.76%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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%
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%
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%
Return on Equity (ROE)	-31.07%	-13.51%	-2.35%	-9.60%	-10.08%	-15.69%	-88.46%	-689.33%	56.35%	17.81%
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%
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%
Return on Assets (ROA)	-15.92%	-6.94%	-1.37%	-4.18%	-4.57%	-4.57%	-15.80%	-37.79%	-8.22%	-3.13%
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%
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%
Net Operating Profit after Tax (NOPAT)	-22	-9.01	-3.74	-12	-32	-79	-211	-455	-139	1.87
NOPAT Margin	-7.31%	-2.37%	-0.74%	-1.71%	-3.54%	-6.70%	-13.25%	-22.87%	-6.32%	0.08%
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%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-39.34%	-13.34%	0.19%
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%
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%
R&D to Revenue	17.87%	17.22%	14.92%	15.00%	15.10%	16.01%	19.42%	18.22%	15.25%	13.72%
Operating Expenses to Revenue	80.98%	103.38%	76.98%	79.11%	79.47%	82.23%	90.81%	100.39%	78.87%	70.50%
Earnings before Interest and Taxes (EBIT)	-32	-15	-3.85	-9.96	-36	-33	-309	-869	-121	18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-18	6.99	25	49	52	139	-46	-503	256	407
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
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
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
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
Dividend Yield	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%
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
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
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
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
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
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
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
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
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
Financial Leverage	-1.14	-1.10	-0.91	-0.70	-0.27	0.44	1.73	8.97	-4.59	-3.99
Leverage Ratio	1.95	1.95	1.71	2.30	2.21	3.44	5.60	18.24	-6.85	-5.69
Compound Leverage Factor	2.02	2.04	1.75	6.01	3.45	8.60	6.77	18.34	-8.89	15.12
Debt to Total Capital	14.74%	10.35%	0.00%	53.58%	34.16%	81.83%	72.20%	120.91%	124.40%	129.84%
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%
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%
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%
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%
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%
Debt to EBITDA	-1.06	2.15	0.00	7.48	7.45	10.11	-30.52	-3.26	6.04	3.76
Net Debt to EBITDA	6.59	-20.80	0.00	-4.08	-1.71	3.98	-20.10	-2.72	5.17	3.16
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
Debt to NOPAT	-0.88	-1.67	0.00	-31.86	-12.10	-17.74	-6.62	-3.60	-11.11	818.16
Net Debt to NOPAT	5.48	16.13	0.00	17.36	2.78	-6.98	-4.36	-3.01	-9.51	688.24
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
Altman Z-Score	9.61	7.83	18.10	7.92	12.52	11.41	4.95	-0.51	0.69	0.97
Noncontrolling Interest Sharing Ratio	0.01%	0.01%	0.00%	0.00%	0.00%	0.36%	23.89%	156.38%	-68.02%	-60.94%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.12	1.78	2.11	3.55	1.91	2.11	1.24	1.22	1.34	1.16
Quick Ratio	1.95	1.64	1.82	3.31	1.69	1.86	0.95	0.89	0.93	0.84
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-33	-2.13	-66	-82	-571	-288	-805	-80	-74	87
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%
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
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
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
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.47	1.63	1.64	1.07	0.77	0.65	0.67	0.85	1.10	1.29
Accounts Receivable Turnover	22.10	15.40	13.09	9.55	8.05	7.74	7.80	7.31	6.52	6.40
Inventory Turnover	43.34	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
Accounts Payable Turnover	18.61	0.00	16.03	17.99	10.32	7.30	7.23	9.67	11.45	18.77
Days Sales Outstanding (DSO)	16.52	23.70	27.88	38.22	45.35	47.18	46.79	49.95	56.00	57.07
Days Inventory Outstanding (DIO)	8.42	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
Cash Conversion Cycle (CCC)	5.33	23.70	5.11	17.93	10.00	-2.81	-3.71	12.20	24.12	37.63
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-8.42	-15	47	118	657	866	1,459	1,085	1,020	935
Invested Capital Turnover	-21.20	-32.09	31.61	8.17	2.33	1.55	1.37	1.56	2.09	2.46
Increase / (Decrease) in Invested Capital	11	-6.88	62	71	539	209	594	-374	-65	-85
Enterprise Value (EV)	1,554	1,371	3,563	6,423	14,068	34,525	18,387	4,962	4,705	4,652
Market Capitalization	1,673	1,516	3,744	6,623	14,157	33,968	17,266	3,394	3,183	3,166
Book Value per Share	$1.55	$1.77	$2.95	$3.95	$8.88	$3.44	$3.68	($5.07)	($5.36)	($6.09)
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)
Total Capital	129	145	228	684	1,133	1,719	1,937	1,355	1,242	1,178
Total Debt	19	15	0.00	367	387	1,406	1,398	1,638	1,545	1,529
Total Long-Term Debt	15	0.31	0.00	367	387	1,375	1,398	1,638	1,525	1,348
Net Debt	-119	-145	-181	-200	-89	553	921	1,368	1,323	1,286
Capital Expenditures (CapEx)	15	14	19	27	28	44	29	33	24	25
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-43	-56	-42	-58	-89	-121	-143	-127	14	61
Debt-free Net Working Capital (DFNWC)	94	105	140	508	255	519	124	143	236	304
Net Working Capital (NWC)	90	90	140	508	255	488	124	143	216	122
Net Nonoperating Expense (NNE)	10	7.22	0.47	15	22	3.73	165	425	26	60
Net Nonoperating Obligations (NNO)	-119	-145	-181	-200	-89	553	921	1,368	1,323	1,286
Total Depreciation and Amortization (D&A)	14	22	29	59	88	172	264	366	377	389
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%
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%
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%
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)
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
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)
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
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
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
Normalized Net Operating Profit after Tax (NOPAT)	-22	-9.01	-3.74	-12	-32	-79	-211	-256	-139	1.87
Normalized NOPAT Margin	-7.31%	-2.37%	-0.74%	-1.71%	-3.54%	-6.70%	-13.25%	-12.88%	-6.32%	0.08%
Pre Tax Income Margin	-11.26%	-4.20%	-0.78%	-3.87%	-6.31%	-6.93%	-23.43%	-43.96%	-7.12%	-1.97%
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
NOPAT to Interest Expense	-19.28	-12.07	-37.74	-0.71	-1.56	-1.61	-3.28	-94.58	-3.87	0.03
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
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
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%
Augmented Payout Ratio	0.00%	0.00%	0.00%	-57.25%	0.00%	0.00%	0.00%	-11.35%	-188.26%	-553.04%

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	22.77%	17.00%	14.12%	10.76%	9.65%	8.87%	9.47%	9.94%	9.07%	7.57%
EBITDA Growth	-181.08%	-975.52%	165.70%	221.88%	132.95%	137.73%	109.12%	23.44%	64.03%	67.54%
EBIT Growth	-117.03%	-177.68%	66.99%	94.02%	88.06%	89.81%	81.76%	147.22%	112.94%	162.64%
NOPAT Growth	-119.59%	-147.54%	47.33%	58.18%	70.32%	82.38%	80.01%	88.11%	106.07%	-124.20%
Net Income Growth	-93.94%	-140.01%	63.97%	86.53%	85.20%	83.37%	47.62%	31.32%	81.35%	84.79%
EPS Growth	-86.25%	-132.03%	64.38%	86.31%	84.90%	83.50%	45.61%	30.43%	80.00%	85.71%
Operating Cash Flow Growth	-1.79%	-17.37%	83.97%	78.96%	104.91%	189.15%	-11.46%	40.13%	46.91%	16.72%
Free Cash Flow Firm Growth	-229.71%	129.33%	146.41%	146.76%	126.59%	-82.90%	-75.88%	-74.34%	-16.03%	-56.21%
Invested Capital Growth	42.11%	-25.64%	-22.95%	-21.56%	-13.61%	-5.98%	-7.04%	-6.65%	-10.08%	-8.36%
Revenue Q/Q Growth	4.55%	3.09%	1.70%	1.05%	3.50%	2.35%	2.27%	1.49%	2.67%	0.94%
EBITDA Q/Q Growth	-176.57%	2.40%	122.75%	98.47%	-25.22%	11.74%	26.09%	17.16%	-0.63%	14.13%
EBIT Q/Q Growth	-79.68%	0.68%	82.50%	80.83%	-258.45%	15.22%	68.69%	149.63%	-1.80%	310.56%
NOPAT Q/Q Growth	-69.41%	-40.02%	78.67%	17.36%	-20.22%	16.86%	75.80%	50.83%	161.41%	-3,168.59%
Net Income Q/Q Growth	-78.43%	0.19%	80.85%	60.51%	-96.05%	-12.17%	39.69%	48.22%	46.77%	8.47%
EPS Q/Q Growth	-77.38%	0.34%	80.81%	59.65%	-95.65%	-8.89%	36.73%	48.39%	43.75%	22.22%
Operating Cash Flow Q/Q Growth	-16.61%	-6.83%	175.66%	-16.44%	-4.52%	31.47%	-15.59%	32.25%	0.11%	4.45%
Free Cash Flow Firm Q/Q Growth	12.05%	139.09%	47.05%	-7.50%	-49.99%	-74.86%	107.41%	-1.61%	63.69%	-86.89%
Invested Capital Q/Q Growth	-8.97%	-13.52%	0.66%	-1.02%	0.26%	-5.88%	-0.47%	-0.61%	-3.42%	-4.08%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	67.10%	69.40%	69.89%	69.51%	69.73%	70.20%	70.82%	70.20%	70.40%	71.01%
EBITDA Margin	-36.94%	-34.97%	7.82%	15.36%	11.10%	12.12%	14.94%	17.25%	16.69%	18.88%
Operating Margin	-35.86%	-48.71%	-10.22%	-8.36%	-9.71%	-7.88%	-1.87%	-0.90%	0.54%	2.54%
EBIT Margin	-55.51%	-53.48%	-9.20%	-1.75%	-6.04%	-5.01%	-1.53%	0.75%	0.72%	2.92%
Profit (Net Income) Margin	-55.91%	-54.13%	-10.19%	-3.98%	-7.55%	-8.27%	-4.88%	-2.49%	-1.29%	-1.17%
Tax Burden Percent	100.31%	100.79%	106.01%	147.86%	91.76%	104.74%	113.03%	127.43%	65.28%	-452.08%
Interest Burden Percent	100.42%	100.43%	104.50%	154.38%	136.05%	157.71%	281.51%	-260.51%	-275.64%	8.87%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	552.08%
Return on Invested Capital (ROIC)	-44.91%	-53.29%	-11.71%	-10.02%	-12.53%	-11.55%	-2.79%	-1.40%	0.87%	-28.25%
ROIC Less NNEP Spread (ROIC-NNEP)	-59.59%	-62.48%	-12.99%	-9.24%	-12.84%	-12.72%	-4.34%	-2.21%	0.11%	-23.38%
Return on Net Nonoperating Assets (RNNOA)	767,331.59%	-560.73%	1,356.06%	214.59%	103.72%	58.36%	19.68%	9.91%	-0.47%	93.21%
Return on Equity (ROE)	767,286.67%	-614.02%	1,344.35%	204.57%	91.19%	46.81%	16.89%	8.51%	0.39%	64.97%
Cash Return on Invested Capital (CROIC)	-67.35%	-6.32%	-7.57%	-6.45%	-9.90%	-7.05%	-3.01%	-0.86%	6.67%	8.92%
Operating Return on Assets (OROA)	-49.58%	-45.71%	-8.19%	-1.64%	-5.79%	-5.49%	-1.76%	0.91%	0.84%	3.76%
Return on Assets (ROA)	-49.94%	-46.27%	-9.08%	-3.75%	-7.23%	-9.06%	-5.61%	-3.03%	-1.52%	-1.51%
Return on Common Equity (ROCE)	922,662,223.48%	346.20%	23,436.28%	942.19%	201.28%	78.66%	28.21%	14.16%	0.64%	104.55%
Return on Equity Simple (ROE_SIMPLE)	291.36%	0.00%	165.82%	136.61%	82.99%	0.00%	26.67%	25.10%	18.03%	0.00%
Net Operating Profit after Tax (NOPAT)	-128	-179	-38	-32	-38	-32	-7.63	-3.75	2.30	-71
NOPAT Margin	-25.10%	-34.10%	-7.15%	-5.85%	-6.79%	-5.52%	-1.31%	-0.63%	0.38%	-11.50%
Net Nonoperating Expense Percent (NNEP)	14.67%	9.19%	1.28%	-0.78%	0.31%	1.17%	1.54%	0.82%	0.76%	-4.87%
Return On Investment Capital (ROIC_SIMPLE)	-	-15.48%	-	-	-	-3.02%	-	-	-	-7.23%
Cost of Revenue to Revenue	32.90%	30.60%	30.11%	30.49%	30.27%	29.80%	29.18%	29.80%	29.60%	28.99%
SG&A Expenses to Revenue	14.20%	14.31%	15.38%	13.95%	15.61%	15.51%	12.22%	12.20%	10.54%	9.53%
R&D to Revenue	17.03%	16.92%	15.97%	14.89%	15.31%	14.86%	13.78%	13.45%	13.82%	13.82%
Operating Expenses to Revenue	102.96%	118.11%	80.11%	77.87%	79.43%	78.09%	72.68%	71.11%	69.86%	68.46%
Earnings before Interest and Taxes (EBIT)	-283	-281	-49	-9.41	-34	-29	-8.96	4.44	4.36	18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-188	-183	42	83	62	69	87	102	102	116
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
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
Price to Revenue (P/Rev)	1.99	1.71	1.43	1.49	1.30	1.45	1.45	1.13	1.23	1.32
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
Dividend Yield	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%
Enterprise Value to Invested Capital (EV/IC)	4.23	4.57	4.11	4.33	4.04	4.61	4.72	4.10	4.54	4.98
Enterprise Value to Revenue (EV/Rev)	2.78	2.50	2.19	2.22	2.03	2.14	2.13	1.79	1.88	1.94
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	1,427.50	18.40	15.91	12.90	12.27	11.42
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
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
Enterprise Value to Operating Cash Flow (EV/OCF)	26.60	25.94	18.65	16.67	13.45	11.77	12.38	9.77	9.53	9.63
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	64.46	53.36
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-36.04	-5.78	-6.02	-5.80	-6.32	-5.10	-4.77	-4.68	-4.43	-4.35
Long-Term Debt to Equity	-36.04	-5.78	-6.02	-5.72	-6.25	-5.03	-4.21	-4.12	-3.91	-3.84
Financial Leverage	-12,877.62	8.97	-104.39	-23.23	-8.08	-4.59	-4.54	-4.48	-4.26	-3.99
Leverage Ratio	-25,790.48	18.24	-190.09	-40.49	-13.61	-6.85	-6.58	-6.31	-6.34	-5.69
Compound Leverage Factor	-25,898.00	18.32	-198.65	-62.51	-18.52	-10.81	-18.53	16.43	17.48	-0.51
Debt to Total Capital	102.85%	120.91%	119.93%	120.85%	118.80%	124.40%	126.50%	127.21%	129.13%	129.84%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	1.53%	1.32%	1.61%	14.85%	14.98%	15.26%	15.39%
Long-Term Debt to Total Capital	102.85%	120.91%	119.93%	119.32%	117.48%	122.79%	111.65%	112.23%	113.88%	114.45%
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%
Noncontrolling Interests to Total Capital	12.53%	14.72%	14.59%	15.27%	13.15%	16.05%	16.37%	16.50%	16.80%	16.94%
Common Equity to Total Capital	-15.38%	-35.63%	-34.52%	-36.12%	-31.95%	-40.45%	-42.87%	-43.71%	-45.93%	-46.78%
Debt to EBITDA	-4.86	-3.26	-4.12	-6.39	587.88	6.04	5.12	4.79	4.25	3.76
Net Debt to EBITDA	-3.86	-2.72	-3.43	-5.48	446.77	5.17	4.44	4.17	3.66	3.16
Long-Term Debt to EBITDA	-4.86	-3.26	-4.12	-6.31	581.35	5.96	4.51	4.23	3.75	3.31
Debt to NOPAT	-4.71	-3.60	-3.90	-4.19	-6.29	-11.11	-14.19	-19.02	-37.76	818.16
Net Debt to NOPAT	-3.74	-3.01	-3.25	-3.60	-4.78	-9.51	-12.32	-16.55	-32.52	688.24
Long-Term Debt to NOPAT	-4.71	-3.60	-3.90	-4.14	-6.22	-10.96	-12.52	-16.78	-33.30	721.18
Altman Z-Score	0.71	0.42	0.75	0.88	0.81	0.84	0.83	0.70	0.82	0.97
Noncontrolling Interest Sharing Ratio	-120,150.00%	156.38%	-1,643.31%	-360.56%	-120.72%	-68.02%	-66.99%	-66.35%	-63.23%	-60.94%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.21	1.22	1.44	1.36	1.74	1.34	1.09	1.09	1.12	1.16
Quick Ratio	0.89	0.89	1.00	0.92	1.29	0.93	0.75	0.75	0.80	0.84
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-500	195	287	266	133	33	69	68	112	15
Operating Cash Flow to CapEx	506.78%	443.13%	1,244.22%	2,043.97%	1,988.38%	1,898.03%	1,566.84%	2,514.96%	1,712.00%	2,083.77%
Free Cash Flow to Firm to Interest Expense	-424.10	163.55	129.82	51.90	10.92	2.02	4.26	4.25	6.80	0.90
Operating Cash Flow to Interest Expense	35.87	32.97	49.07	17.72	7.12	6.90	5.91	7.93	7.76	8.14
Operating Cash Flow Less CapEx to Interest Expense	28.80	25.53	45.12	16.85	6.76	6.53	5.53	7.62	7.31	7.75
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.89	0.85	0.89	0.94	0.96	1.10	1.15	1.22	1.18	1.29
Accounts Receivable Turnover	7.93	7.31	7.17	7.32	7.02	6.52	6.56	6.66	6.34	6.40
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	11.22	11.29	11.39	11.57	11.79	11.91	12.18	12.53	12.78	13.15
Accounts Payable Turnover	9.12	9.67	9.70	9.79	9.93	11.45	16.77	18.14	17.86	18.77
Days Sales Outstanding (DSO)	46.02	49.95	50.87	49.88	51.97	56.00	55.63	54.77	57.58	57.07
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	40.03	37.75	37.62	37.27	36.75	31.87	21.76	20.12	20.43	19.44
Cash Conversion Cycle (CCC)	5.99	12.20	13.25	12.61	15.22	24.12	33.86	34.64	37.15	37.63
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,255	1,085	1,092	1,081	1,084	1,020	1,015	1,009	975	935
Invested Capital Turnover	1.79	1.56	1.64	1.71	1.84	2.09	2.14	2.21	2.29	2.46
Increase / (Decrease) in Invested Capital	372	-374	-325	-297	-171	-65	-77	-72	-109	-85
Enterprise Value (EV)	5,308	4,962	4,492	4,682	4,374	4,705	4,794	4,137	4,424	4,652
Market Capitalization	3,809	3,394	2,928	3,129	2,806	3,183	3,257	2,599	2,904	3,166
Book Value per Share	($2.57)	($5.07)	($4.94)	($4.94)	($5.12)	($5.36)	($5.61)	($5.73)	($5.94)	($6.09)
Tangible Book Value per Share	($9.26)	($11.18)	($10.70)	($10.29)	($10.38)	($10.28)	($10.18)	($10.04)	($9.92)	($9.87)
Total Capital	1,592	1,355	1,367	1,306	1,516	1,242	1,218	1,208	1,187	1,178
Total Debt	1,637	1,638	1,640	1,579	1,801	1,545	1,541	1,537	1,533	1,529
Total Long-Term Debt	1,637	1,638	1,640	1,559	1,781	1,525	1,360	1,356	1,352	1,348
Net Debt	1,300	1,368	1,365	1,353	1,369	1,323	1,338	1,338	1,321	1,286
Capital Expenditures (CapEx)	8.34	8.89	8.72	4.44	4.36	6.00	6.13	5.05	7.43	6.38
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-170	-127	-15	5.84	35	14	45	48	63	61
Debt-free Net Working Capital (DFNWC)	135	143	260	231	467	236	248	248	275	304
Net Working Capital (NWC)	135	143	260	211	447	216	67	66	94	122
Net Nonoperating Expense (NNE)	157	105	16	-10	4.19	16	21	11	10	-64
Net Nonoperating Obligations (NNO)	1,300	1,368	1,365	1,353	1,369	1,323	1,338	1,338	1,321	1,286
Total Depreciation and Amortization (D&A)	95	97	91	92	96	98	96	98	97	98
Debt-free, Cash-free Net Working Capital to Revenue	-8.89%	-6.36%	-0.73%	0.28%	1.61%	0.63%	1.99%	2.09%	2.66%	2.53%
Debt-free Net Working Capital to Revenue	7.08%	7.21%	12.65%	10.97%	21.66%	10.72%	11.00%	10.73%	11.68%	12.65%
Net Working Capital to Revenue	7.08%	7.21%	12.65%	10.02%	20.73%	9.81%	2.97%	2.88%	4.00%	5.10%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($2.98)	($2.97)	($0.57)	($0.23)	($0.45)	($0.49)	($0.31)	($0.16)	($0.09)	($0.07)
Adjusted Weighted Average Basic Shares Outstanding	95.58M	95.24M	95.72M	95.34M	94.59M	94.91M	93.14M	92.75M	91.89M	92.11M
Adjusted Diluted Earnings per Share	($2.98)	($2.97)	($0.57)	($0.23)	($0.45)	($0.49)	($0.31)	($0.16)	($0.09)	($0.07)
Adjusted Weighted Average Diluted Shares Outstanding	95.58M	95.24M	95.72M	95.34M	94.59M	94.91M	93.14M	92.75M	91.89M	92.11M
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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	95.87M	95.47M	95.60M	94.68M	93.75M	92.32M	92.17M	91.82M	90.43M	90.72M
Normalized Net Operating Profit after Tax (NOPAT)	-56	-179	-38	-32	-38	-32	-7.63	-3.75	2.30	11
Normalized NOPAT Margin	-10.91%	-34.10%	-7.15%	-5.85%	-6.79%	-5.52%	-1.31%	-0.63%	0.38%	1.78%
Pre Tax Income Margin	-55.74%	-53.71%	-9.62%	-2.69%	-8.22%	-7.90%	-4.32%	-1.95%	-1.98%	0.26%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-239.87	-235.06	-22.20	-1.84	-2.77	-1.73	-0.55	0.28	0.27	1.10
NOPAT to Interest Expense	-108.48	-149.86	-17.26	-6.16	-3.12	-1.91	-0.47	-0.23	0.14	-4.33
EBIT Less CapEx to Interest Expense	-246.95	-242.50	-26.14	-2.71	-3.13	-2.10	-0.93	-0.04	-0.19	0.71
NOPAT Less CapEx to Interest Expense	-115.56	-157.30	-21.20	-7.03	-3.48	-2.27	-0.85	-0.55	-0.31	-4.72
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%
Augmented Payout Ratio	-6.31%	-11.35%	-22.27%	-38.69%	-75.70%	-188.26%	-227.55%	-225.12%	-311.68%	-553.04%

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 2024 ended on December 31, 2024.

How has RingCentral's net income changed over the last 9 years?

RingCentral's net income appears to be on an upward trend, with a most recent value of -$58.29 million in 2024, rising from -$32.10 million in 2015. The previous period was -$165.24 million in 2023. Check out RingCentral's forecast to explore projected trends and price targets.

What is RingCentral's operating income?

RingCentral's total operating income in 2024 was $2.67 million, based on the following breakdown:

Total Gross Profit: $1.69 billion
Total Operating Expenses: $1.69 billion

How has RingCentral revenue changed over the last 9 years?

Over the last 9 years, RingCentral's total revenue changed from $296.23 million in 2015 to $2.40 billion in 2024, a change of 710.3%.

How much debt does RingCentral have?

RingCentral's total liabilities were at $2.13 billion at the end of 2024, a 5.2% decrease from 2023, and a 1,936.0% increase since 2015.

How much cash does RingCentral have?

In the past 9 years, RingCentral's cash and equivalents has ranged from $137.59 million in 2015 to $639.85 million in 2020, and is currently $242.81 million as of their latest financial filing in 2024.

How has RingCentral's book value per share changed over the last 9 years?

Over the last 9 years, RingCentral's book value per share changed from 1.55 in 2015 to -6.09 in 2024, a change of -492.5%.

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This page (NYSE:RNG) was last updated on 5/4/2025 by MarketBeat.com Staff

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RingCentral (RNG) Financials

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RingCentral (RNG) Financials

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