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RingCentral (RNG) Financials

RingCentral logo
$43.57 +0.03 (+0.07%)
Closing price 05/22/2026 03:59 PM Eastern
Extended Trading
$43.00 -0.57 (-1.30%)
As of 05/22/2026 07:59 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for RingCentral

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

Quarterly Income Statements for RingCentral

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 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 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -42 -47 -28 -15 -7.85 -7.19 -10 13 18 23 31
Consolidated Net Income / (Loss)		 -42 -47 -28 -15 -7.85 -7.19 -10 13 18 23 31
Net Income / (Loss) Continuing Operations		 -42 -47 -28 -15 -7.85 -7.19 -10 13 18 23 31
Total Pre-Tax Income 		-46 -45 -25 -12 -12 1.59 -4.37 16 17 28 34
Total Operating Income		 -54 -45 -11 -5.36 3.29 16 10 37 31 42 50
Total Gross Profit		 389 401 414 416 429 436 432 441 458 461 465
Total Revenue		 558 571 584 593 609 615 612 620 639 644 644
Operating Revenue		 558 571 584 593 609 615 612 620 639 644 644
Total Cost of Revenue		 169 170 170 177 180 178 180 179 180 184 179
Operating Cost of Revenue		 169 170 170 177 180 178 180 179 180 184 179
Total Operating Expenses		 443 446 425 422 425 421 421 404 428 418 415
Selling, General & Admin Expense		 87 89 71 72 64 59 64 63 66 65 60
Marketing Expense		 271 273 273 269 277 277 275 264 282 276 273
Research & Development Expense		 85 85 81 80 84 85 82 78 80 78 82
Total Other Income / (Expense), net		 8.28 -0.06 -14 -6.22 -15 -14 -15 -21 -14 -15 -16
Interest Expense		 12 17 16 16 16 16 16 16 14 14 15
Other Income / (Expense), net		 20 16 1.94 9.80 1.07 2.28 1.40 -4.82 0.18 -0.80 -1.11
Income Tax Expense		 -3.78 2.14 3.29 3.18 -4.18 8.78 5.96 2.48 -0.51 4.92 3.49
Basic Earnings per Share		 ($0.45) ($0.49) ($0.31) ($0.16) ($0.09) ($0.07) ($0.11) $0.15 $0.19 $0.25 $0.36
Weighted Average Basic Shares Outstanding		 94.59M 94.91M 93.14M 92.75M 91.89M 92.11M 91.02M 90.71M 90.14M 89.48M 84.66M
Diluted Earnings per Share		 ($0.45) ($0.49) ($0.31) ($0.16) ($0.09) ($0.07) ($0.11) $0.14 $0.19 $0.26 $0.35
Weighted Average Diluted Shares Outstanding		 94.59M 94.91M 93.14M 92.75M 91.89M 92.11M 91.02M 92.06M 91.96M 91.21M 86.99M
Weighted Average Basic & Diluted Shares Outstanding		 93.75M 92.32M 92.17M 91.82M 90.43M 90.72M 89.94M 90.54M 86.56M 84.07M 83.86M
Cash Dividends to Common per Share		 - - - - - - - - - - $0.08

Annual Cash Flow Statements for RingCentral

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

Quarterly Cash Flow Statements for RingCentral

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 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 3/31/2026
Net Change in Cash & Equivalents		 207 -210 -19 -3.80 13 30 -88 14 -23 -13 -16
Net Cash From Operating Activities		 87 114 96 127 127 133 150 167 151 149 164
Net Cash From Continuing Operating Activities		 87 114 96 127 127 133 150 167 151 149 164
Net Income / (Loss) Continuing Operations		 -42 -47 -28 -15 -7.85 -7.19 -10 13 18 23 31
Consolidated Net Income / (Loss)		 -42 -47 -28 -15 -7.85 -7.19 -10 13 18 23 31
Depreciation Expense		 59 59 57 56 55 55 55 55 56 56 57
Amortization Expense		 37 39 40 42 43 43 42 42 42 42 40
Non-Cash Adjustments To Reconcile Net Income		 99 104 95 88 86 85 84 83 70 67 60
Changes in Operating Assets and Liabilities, net		 -66 -40 -66 -44 -48 -43 -21 -26 -35 -39 -24
Net Cash From Investing Activities		 -31 -20 -19 -45 -24 -21 -19 -23 -43 -23 -31
Net Cash From Continuing Investing Activities		 -31 -20 -19 -45 -24 -21 -19 -23 -43 -23 -31
Purchase of Property, Plant & Equipment		 -4.36 -6.00 -6.13 -5.05 -7.43 -6.38 -5.59 -8.96 -7.57 -7.99 -6.54
Acquisitions		 -27 -14 -13 -40 -17 -12 -14 -14 -35 -15 -25
Net Cash From Financing Activities		 153 -306 -95 -86 -92 -78 -220 -134 -131 -139 -148
Net Cash From Continuing Financing Activities		 153 -306 -95 -86 -92 -78 -220 -134 -131 -139 -148
Repayment of Debt		 -160 -246 -8.09 -6.31 -8.00 -6.72 -168 -110 -8.88 -4.76 -648
Repurchase of Common Equity		 -75 -62 -80 -82 -83 -77 -50 -32 -117 -135 -81
Payment of Dividends		 - - - - - - 0.00 - - - -6.41
Issuance of Debt		 392 -0.56 - - - - 0.00 - - - 600
Other Financing Activities, net		 -3.84 -3.83 -6.11 -8.36 -1.21 -0.63 -1.90 -1.67 -4.74 -4.26 -12
Effect of Exchange Rate Changes		 -1.30 2.20 -1.09 -0.09 2.62 -3.66 1.33 3.20 -0.64 -0.17 -1.17
Cash Interest Paid		 6.74 6.46 23 7.69 22 6.12 23 7.11 20 4.40 21
Cash Income Taxes Paid		 1.64 1.65 4.90 6.66 1.97 4.23 2.30 6.02 1.97 2.14 1.75

Annual Balance Sheets for RingCentral

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

Quarterly Balance Sheets for RingCentral

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 Q1 2026
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 3/31/2026
Total Assets		 2,316 2,046 1,960 2,182 1,873 1,832 1,818 1,632 1,605 1,529 1,422
Total Current Assets		 775 851 804 1,052 831 828 859 780 800 762 728
Cash & Equivalents		 305 275 225 432 203 199 213 154 168 145 117
Accounts Receivable		 266 315 322 348 371 370 396 381 391 381 363
Prepaid Expenses		 203 261 256 272 257 259 251 245 241 236 249
Plant, Property, & Equipment, net		 182 187 186 184 183 182 185 182 185 186 189
Total Noncurrent Assets		 1,359 1,008 971 947 859 822 774 670 621 581 505
Goodwill		 53 55 55 66 67 74 75 84 85 98 103
Intangible Assets		 585 495 457 432 359 323 290 225 192 170 112
Other Noncurrent Operating Assets		 690 459 459 448 434 424 409 361 343 313 290
Total Liabilities & Shareholders' Equity		 2,316 2,046 1,960 2,182 1,873 1,832 1,818 1,632 1,605 1,529 1,422
Total Liabilities		 2,361 2,319 2,233 2,468 2,196 2,161 2,164 1,973 1,893 1,863 1,832
Total Current Liabilities		 639 591 592 605 764 761 765 1,208 1,233 1,205 635
Short-Term Debt		 - - 20 20 181 181 181 627 628 624 46
Accounts Payable		 89 56 37 43 24 39 35 61 65 37 30
Accrued Expenses		 341 315 308 311 312 279 288 271 277 283 302
Current Deferred Revenue		 209 220 227 231 247 262 261 249 263 262 257
Total Noncurrent Liabilities		 1,722 1,728 1,640 1,862 1,432 1,399 1,400 765 660 658 1,196
Long-Term Debt		 1,637 1,640 1,559 1,781 1,360 1,356 1,352 736 633 633 1,159
Other Noncurrent Operating Liabilities		 85 88 82 81 72 43 47 29 27 25 37
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		 199 199 199 199 199 199 199 199 199 199 199
Total Equity & Noncontrolling Interests		 -245 -472 -472 -484 -522 -528 -545 -541 -487 -534 -609
Total Preferred & Common Equity		 -245 -472 -472 -484 -522 -528 -545 -541 -487 -534 -609
Total Common Equity		 -245 -472 -472 -484 -522 -528 -545 -541 -487 -534 -609
Common Stock		 1,023 1,123 1,143 1,171 1,210 1,219 1,211 1,234 1,265 1,202 1,079
Retained Earnings		 -1,250 -1,588 -1,610 -1,652 -1,728 -1,742 -1,750 -1,768 -1,755 -1,737 -1,690
Accumulated Other Comprehensive Income / (Loss)		 -18 -7.02 -5.20 -3.24 -5.11 -5.05 -6.08 -7.56 2.60 1.65 1.62

Annual Metrics And Ratios for RingCentral

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%

Quarterly Metrics And Ratios for RingCentral

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 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 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 84,072,571.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 84,072,571.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.36
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 9.65% 8.87% 9.47% 9.94% 9.07% 7.57% 4.77% 4.64% 4.91% 4.80% 5.25%
EBITDA Growth		 132.95% 137.73% 109.12% 23.44% 64.03% 67.54% 24.54% 26.51% 27.64% 20.23% 34.50%
EBIT Growth		 88.06% 89.81% 81.76% 147.22% 112.94% 162.64% 231.12% 623.29% 610.04% 132.43% 316.57%
NOPAT Growth		 70.32% 82.38% 80.01% 88.11% 106.07% -124.20% 194.87% 929.21% 1,277.53% 149.45% 520.44%
Net Income Growth		 85.20% 83.37% 47.62% 31.32% 81.35% 84.79% 63.75% 189.43% 323.60% 419.52% 396.46%
EPS Growth		 84.90% 83.50% 45.61% 30.43% 80.00% 85.71% 64.52% 187.50% 311.11% 471.43% 418.18%
Operating Cash Flow Growth		 104.91% 189.15% -11.46% 40.13% 46.91% 16.72% 55.75% 31.74% 18.98% 12.12% 9.61%
Free Cash Flow Firm Growth		 126.59% -82.90% -75.88% -74.34% -16.03% -56.21% 123.85% 244.44% 105.42% 1,522.29% 50.44%
Invested Capital Growth		 -13.61% -5.98% -7.04% -6.65% -10.08% -8.36% -14.56% -20.18% -20.25% -21.64% -21.71%
Revenue Q/Q Growth		 3.50% 2.35% 2.27% 1.49% 2.67% 0.94% -0.40% 1.36% 2.94% 0.84% 0.03%
EBITDA Q/Q Growth		 -25.22% 11.74% 26.09% 17.16% -0.63% 14.13% -6.27% 19.01% 0.26% 7.52% 4.85%
EBIT Q/Q Growth		 -258.45% 15.22% 68.69% 149.63% -1.80% 310.56% -34.46% 173.74% -3.60% 34.40% 17.45%
NOPAT Q/Q Growth		 -20.22% 16.86% 75.80% 50.83% 161.41% -3,168.59% 110.24% 329.76% 2.02% 10.14% 28.48%
Net Income Q/Q Growth		 -96.05% -12.17% 39.69% 48.22% 46.77% 8.47% -43.68% 227.74% 33.09% 30.80% 33.31%
EPS Q/Q Growth		 -95.65% -8.89% 36.73% 48.39% 43.75% 22.22% -57.14% 227.27% 35.71% 36.84% 34.62%
Operating Cash Flow Q/Q Growth		 -4.52% 31.47% -15.59% 32.25% 0.11% 4.45% 12.63% 11.86% -9.59% -1.57% 10.11%
Free Cash Flow Firm Q/Q Growth		 -49.99% -74.86% 107.41% -1.61% 63.69% -86.89% 960.18% 51.40% -2.38% 3.53% -1.69%
Invested Capital Q/Q Growth		 0.26% -5.88% -0.47% -0.61% -3.42% -4.08% -7.20% -7.15% -3.51% -5.75% -7.28%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 69.73% 70.20% 70.82% 70.20% 70.40% 71.01% 70.52% 71.16% 71.76% 71.51% 72.15%
EBITDA Margin		 11.10% 12.12% 14.94% 17.25% 16.69% 18.88% 17.76% 20.86% 20.31% 21.66% 22.70%
Operating Margin		 -9.71% -7.88% -1.87% -0.90% 0.54% 2.54% 1.69% 5.96% 4.82% 6.59% 7.77%
EBIT Margin		 -6.04% -5.01% -1.53% 0.75% 0.72% 2.92% 1.92% 5.18% 4.85% 6.47% 7.59%
Profit (Net Income) Margin		 -7.55% -8.27% -4.88% -2.49% -1.29% -1.17% -1.69% 2.13% 2.75% 3.57% 4.75%
Tax Burden Percent		 91.76% 104.74% 113.03% 127.43% 65.28% -452.08% 236.18% 84.16% 103.01% 82.36% 89.77%
Interest Burden Percent		 136.05% 157.71% 281.51% -260.51% -275.64% 8.87% -37.24% 48.77% 55.01% 66.96% 69.73%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 552.08% 0.00% 15.84% -3.01% 17.64% 10.23%
Return on Invested Capital (ROIC)		 -12.53% -11.55% -2.79% -1.40% 0.87% -28.25% 3.05% 13.57% 14.10% 16.37% 22.96%
ROIC Less NNEP Spread (ROIC-NNEP)		 -12.84% -12.72% -4.34% -2.21% 0.11% -23.38% 1.67% 12.10% 12.93% 15.38% 21.72%
Return on Net Nonoperating Assets (RNNOA)		 103.72% 58.36% 19.68% 9.91% -0.47% 93.21% -6.41% -47.73% -46.25% -50.02% -66.41%
Return on Equity (ROE)		 91.19% 46.81% 16.89% 8.51% 0.39% 64.97% -3.36% -34.16% -32.15% -33.65% -43.45%
Cash Return on Invested Capital (CROIC)		 -9.90% -7.05% -3.01% -0.86% 6.67% 8.92% 17.48% -80.31% 27.27% 35.42% 42.80%
Operating Return on Assets (OROA)		 -5.79% -5.49% -1.76% 0.91% 0.84% 3.76% 2.66% 7.40% 7.21% 9.97% 12.67%
Return on Assets (ROA)		 -7.23% -9.06% -5.61% -3.03% -1.52% -1.51% -2.34% 3.04% 4.08% 5.50% 7.93%
Return on Common Equity (ROCE)		 201.28% 78.66% 28.21% 14.16% 0.64% 104.55% -5.37% -56.29% -51.00% -51.78% -66.51%
Return on Equity Simple (ROE_SIMPLE)		 82.99% 0.00% 26.67% 25.10% 18.03% 0.00% 7.41% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -38 -32 -7.63 -3.75 2.30 -71 7.24 31 32 35 45
NOPAT Margin		 -6.79% -5.52% -1.31% -0.63% 0.38% -11.50% 1.18% 5.01% 4.97% 5.43% 6.97%
Net Nonoperating Expense Percent (NNEP)		 0.31% 1.17% 1.54% 0.82% 0.76% -4.87% 1.38% 1.47% 1.17% 1.00% 1.24%
Return On Investment Capital (ROIC_SIMPLE)		 - -3.02% - - - -7.23% 0.88% 4.02% 4.39% 5.25% 7.53%
Cost of Revenue to Revenue		 30.27% 29.80% 29.18% 29.80% 29.60% 28.99% 29.48% 28.84% 28.24% 28.49% 27.85%
SG&A Expenses to Revenue		 15.61% 15.51% 12.22% 12.20% 10.54% 9.53% 10.52% 10.21% 10.34% 10.03% 9.34%
R&D to Revenue		 15.31% 14.86% 13.78% 13.45% 13.82% 13.82% 13.39% 12.50% 12.51% 12.04% 12.68%
Operating Expenses to Revenue		 79.43% 78.09% 72.68% 71.11% 69.86% 68.46% 68.83% 65.20% 66.94% 64.92% 64.38%
Earnings before Interest and Taxes (EBIT)		 -34 -29 -8.96 4.44 4.36 18 12 32 31 42 49
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 62 69 87 102 102 116 109 129 130 139 146
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)		 1.30 1.45 1.45 1.13 1.23 1.32 0.93 1.04 1.03 0.99 1.23
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 193.86 57.62 37.07
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.20%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.52% 1.74% 2.70%
Enterprise Value to Invested Capital (EV/IC)		 4.04 4.61 4.72 4.10 4.54 4.98 4.21 4.77 4.99 5.22 6.50
Enterprise Value to Revenue (EV/Rev)		 2.03 2.14 2.13 1.79 1.88 1.94 1.51 1.56 1.56 1.52 1.73
Enterprise Value to EBITDA (EV/EBITDA)		 1,427.50 18.40 15.91 12.90 12.27 11.42 8.53 8.43 8.01 7.53 8.10
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 261.78 95.02 58.06 41.78 32.79 28.73
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 2,488.90 218.39 0.00 93.55 41.08 30.95
Enterprise Value to Operating Cash Flow (EV/OCF)		 13.45 11.77 12.38 9.77 9.53 9.63 6.81 6.66 6.45 6.19 6.99
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 64.46 53.36 22.21 0.00 16.23 12.94 13.34
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 -6.32 -5.10 -4.77 -4.68 -4.43 -4.35 -3.99 -4.39 -3.76 -3.23 -2.94
Long-Term Debt to Equity		 -6.25 -5.03 -4.21 -4.12 -3.91 -3.84 -2.15 -2.20 -1.89 -1.62 -2.83
Financial Leverage		 -8.08 -4.59 -4.54 -4.48 -4.26 -3.99 -3.83 -3.95 -3.58 -3.25 -3.06
Leverage Ratio		 -13.61 -6.85 -6.58 -6.31 -6.34 -5.69 -5.27 -5.58 -4.92 -4.41 -4.06
Compound Leverage Factor		 -18.52 -10.81 -18.53 16.43 17.48 -0.51 1.96 -2.72 -2.71 -2.95 -2.83
Debt to Total Capital		 118.80% 124.40% 126.50% 127.21% 129.13% 129.84% 133.44% 129.49% 136.24% 144.93% 151.51%
Short-Term Debt to Total Capital		 1.32% 1.61% 14.85% 14.98% 15.26% 15.39% 61.40% 64.49% 67.61% 72.15% 5.81%
Long-Term Debt to Total Capital		 117.48% 122.79% 111.65% 112.23% 113.88% 114.45% 72.04% 65.00% 68.62% 72.77% 145.69%
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		 13.15% 16.05% 16.37% 16.50% 16.80% 16.94% 19.52% 20.48% 21.62% 23.05% 25.06%
Common Equity to Total Capital		 -31.95% -40.45% -42.87% -43.71% -45.93% -46.78% -52.96% -49.98% -57.85% -67.98% -76.57%
Debt to EBITDA		 587.88 6.04 5.12 4.79 4.25 3.76 3.18 2.77 2.60 2.47 2.21
Net Debt to EBITDA		 446.77 5.17 4.44 4.17 3.66 3.16 2.82 2.40 2.30 2.21 2.00
Long-Term Debt to EBITDA		 581.35 5.96 4.51 4.23 3.75 3.31 1.72 1.39 1.31 1.24 2.13
Debt to NOPAT		 -6.29 -11.11 -14.19 -19.02 -37.76 818.16 81.48 -1.35 30.33 13.48 8.45
Net Debt to NOPAT		 -4.78 -9.51 -12.32 -16.55 -32.52 688.24 72.25 -1.17 26.82 12.05 7.63
Long-Term Debt to NOPAT		 -6.22 -10.96 -12.52 -16.78 -33.30 721.18 43.99 -0.68 15.28 6.77 8.13
Altman Z-Score		 0.81 0.84 0.83 0.70 0.82 0.97 0.36 0.55 0.58 0.61 1.34
Noncontrolling Interest Sharing Ratio		 -120.72% -68.02% -66.99% -66.35% -63.23% -60.94% -60.01% -64.76% -58.64% -53.89% -53.07%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.74 1.34 1.09 1.09 1.12 1.16 0.65 0.65 0.63 0.63 1.15
Quick Ratio		 1.29 0.93 0.75 0.75 0.80 0.84 0.44 0.45 0.44 0.42 0.75
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 133 33 69 68 112 15 155 235 229 237 233
Operating Cash Flow to CapEx		 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% 2,506.82%
Free Cash Flow to Firm to Interest Expense		 10.92 2.02 4.26 4.25 6.80 0.90 9.62 14.26 16.44 17.24 15.75
Operating Cash Flow to Interest Expense		 7.12 6.90 5.91 7.93 7.76 8.14 9.29 10.17 10.86 10.83 11.08
Operating Cash Flow Less CapEx to Interest Expense		 6.76 6.53 5.53 7.62 7.31 7.75 8.94 9.62 10.32 10.25 10.64
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.96 1.10 1.15 1.22 1.18 1.29 1.39 1.43 1.49 1.54 1.67
Accounts Receivable Turnover		 7.02 6.52 6.56 6.66 6.34 6.40 6.45 6.45 6.40 6.53 6.85
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		 11.79 11.91 12.18 12.53 12.78 13.15 13.32 13.39 13.39 13.70 13.74
Accounts Payable Turnover		 9.93 11.45 16.77 18.14 17.86 18.77 16.78 13.75 20.10 29.20 15.88
Days Sales Outstanding (DSO)		 51.97 56.00 55.63 54.77 57.58 57.07 56.55 56.57 57.07 55.90 53.28
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)		 36.75 31.87 21.76 20.12 20.43 19.44 21.76 26.55 18.16 12.50 22.98
Cash Conversion Cycle (CCC)		 15.22 24.12 33.86 34.64 37.15 37.63 34.80 30.02 38.91 43.40 30.30
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,084 1,020 1,015 1,009 975 935 868 806 777 733 679
Invested Capital Turnover		 1.84 2.09 2.14 2.21 2.29 2.46 2.58 2.71 2.84 3.02 3.29
Increase / (Decrease) in Invested Capital		 -171 -65 -77 -72 -109 -85 -148 -204 -197 -202 -188
Enterprise Value (EV)		 4,374 4,705 4,794 4,137 4,424 4,652 3,655 3,842 3,877 3,821 4,415
Market Capitalization		 2,806 3,183 3,257 2,599 2,904 3,166 2,246 2,550 2,566 2,500 3,127
Book Value per Share		 ($5.12) ($5.36) ($5.61) ($5.73) ($5.94) ($6.09) ($5.97) ($5.41) ($5.90) ($6.79) ($7.25)
Tangible Book Value per Share		 ($10.38) ($10.28) ($10.18) ($10.04) ($9.92) ($9.87) ($9.37) ($8.49) ($8.85) ($9.49) ($9.80)
Total Capital		 1,516 1,242 1,218 1,208 1,187 1,178 1,022 974 923 865 796
Total Debt		 1,801 1,545 1,541 1,537 1,533 1,529 1,364 1,261 1,257 1,254 1,206
Total Long-Term Debt		 1,781 1,525 1,360 1,356 1,352 1,348 736 633 633 630 1,159
Net Debt		 1,369 1,323 1,338 1,338 1,321 1,286 1,209 1,093 1,112 1,121 1,089
Capital Expenditures (CapEx)		 4.36 6.00 6.13 5.05 7.43 6.38 5.59 8.96 7.57 7.99 6.54
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 35 14 45 48 63 61 45 27 36 38 22
Debt-free Net Working Capital (DFNWC)		 467 236 248 248 275 304 199 195 181 171 139
Net Working Capital (NWC)		 447 216 67 66 94 122 -428 -433 -443 -453 92
Net Nonoperating Expense (NNE)		 4.19 16 21 11 10 -64 18 18 14 12 14
Net Nonoperating Obligations (NNO)		 1,369 1,323 1,338 1,338 1,321 1,286 1,209 1,093 1,112 1,121 1,089
Total Depreciation and Amortization (D&A)		 96 98 96 98 97 98 97 97 99 98 97
Debt-free, Cash-free Net Working Capital to Revenue		 1.61% 0.63% 1.99% 2.09% 2.66% 2.53% 1.85% 1.10% 1.43% 1.52% 0.87%
Debt-free Net Working Capital to Revenue		 21.66% 10.72% 11.00% 10.73% 11.68% 12.65% 8.21% 7.94% 7.28% 6.79% 5.45%
Net Working Capital to Revenue		 20.73% 9.81% 2.97% 2.88% 4.00% 5.10% -17.63% -17.63% -17.82% -18.03% 3.63%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.45) ($0.49) ($0.31) ($0.16) ($0.09) ($0.07) ($0.11) $0.15 $0.19 $0.25 $0.36
Adjusted Weighted Average Basic Shares Outstanding		 94.59M 94.91M 93.14M 92.75M 91.89M 92.11M 91.02M 90.71M 90.14M 89.48M 84.66M
Adjusted Diluted Earnings per Share		 ($0.45) ($0.49) ($0.31) ($0.16) ($0.09) ($0.07) ($0.11) $0.14 $0.19 $0.26 $0.35
Adjusted Weighted Average Diluted Shares Outstanding		 94.59M 94.91M 93.14M 92.75M 91.89M 92.11M 91.02M 92.06M 91.96M 91.21M 86.99M
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		 93.75M 92.32M 92.17M 91.82M 90.43M 90.72M 89.94M 90.54M 86.56M 84.07M 83.86M
Normalized Net Operating Profit after Tax (NOPAT)		 -38 -32 -7.63 -3.75 2.30 11 7.24 31 22 35 45
Normalized NOPAT Margin		 -6.79% -5.52% -1.31% -0.63% 0.38% 1.78% 1.18% 5.01% 3.38% 5.43% 6.97%
Pre Tax Income Margin		 -8.22% -7.90% -4.32% -1.95% -1.98% 0.26% -0.71% 2.53% 2.67% 4.33% 5.29%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -2.77 -1.73 -0.55 0.28 0.27 1.10 0.73 1.95 2.22 3.03 3.30
NOPAT to Interest Expense		 -3.12 -1.91 -0.47 -0.23 0.14 -4.33 0.45 1.89 2.28 2.54 3.03
EBIT Less CapEx to Interest Expense		 -3.13 -2.10 -0.93 -0.04 -0.19 0.71 0.38 1.41 1.68 2.45 2.86
NOPAT Less CapEx to Interest Expense		 -3.48 -2.27 -0.85 -0.55 -0.31 -4.72 0.10 1.35 1.73 1.96 2.59
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		 -75.70% -188.26% -227.55% -225.12% -311.68% -553.04% -727.50% -1,988.64% 2,088.21% 770.77% 433.71%

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.
05/25/26 09:13 PM ETAI Generated. May Contain Errors.

RingCentral Financials - Frequently Asked Questions

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

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. View RingCentral's forecast to see where analysts expect RingCentral to go next.

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

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%.

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.

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.

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%.


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Financial statements for NYSE:RNG last updated on 5/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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