• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    RingCentral Announces Fourth Quarter and Fiscal Year 2024 Results

    2/20/25 4:05:00 PM ET
    $RNG
    EDP Services
    Technology
    Get the next $RNG alert in real time by email

    Q4 2024 revenue and operating margin above guidance range with record cash flow

    Exceeded $50 million ARR from new products

    Kira Makagon promoted to President and Chief Operating Officer

    RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered trusted business communications for companies of all sizes, today announced financial results for the fourth quarter and fiscal year ended December 31, 2024.

    "We had a good fourth quarter, capping a strong year," said Vlad Shmunis, RingCentral's founder and CEO. "Our new AI-powered products are gaining steam, and today we unveiled RingCentral AI Receptionist, or AIR, which we believe will deliver tremendous value to businesses everywhere. Building on our history of industry-leading innovations, AIR is a generative AI phone agent that is seamlessly integrated into the phone system. It acts as a true 'digital employee' that enables our customers to do more with less. AIR is another growth vector for RingCentral and further builds out our multi-product portfolio."

    "Driving growth while expanding profitability remains a top priority," said Abhey Lamba, RingCentral's CFO. "In 2024, we achieved GAAP operating profitability for the first time, as we remain disciplined on spend and significantly lowered stock based compensation. Looking forward, we are focused on delivering further operating efficiencies, and expect to generate almost $600 million of operating cash flow in 2025."

    Financial Results for the Fourth Quarter 2024

    • Revenue: Total revenue was $615 million for the fourth quarter of 2024, up from $571 million in the fourth quarter of 2023, representing 8% year-over-year growth. Adjusted for constant currency, total revenue rose 7%. Subscriptions revenue of $590 million increased 8% year over year and accounted for 96% of total revenue. Adjusted for constant currency, subscriptions revenue rose 8%.
    • Operating Income (Loss): GAAP operating income was $16 million, compared to ($45) million in the same period last year. Non-GAAP operating income was $131 million, or 21.3% of total revenue, compared to $117 million, or 20.5% of total revenue, in the same period last year.
    • Adjusted EBITDA: Adjusted EBITDA was $153 million, or 24.9% of total revenue, compared to $138 million, or 24.2% of total revenue, in the same period last year.
    • Net Income (Loss) Per Share: GAAP net loss per share was ($0.08), compared to ($0.50) in the same period last year. Diluted non-GAAP net income per share was $0.98, compared to $0.86 per share in the same period last year. The fourth quarters of 2024 and 2023 reflected a 22.5% non-GAAP tax rate.
    • Cash Flow: Net cash provided by operating activities for the fourth quarter of 2024 was $133 million, or 21.6% of total revenue, compared to $114 million, or 19.9% of total revenue, for the fourth quarter of 2023. Free cash flow for the fourth quarter of 2024 was $112 million, or 18.2% of total revenue. This includes cash paid for interest of $6 million, and restructuring and other payments of $6 million. For comparison, free cash flow for the fourth quarter of 2023 was $94 million, which included cash paid for interest of $6 million, restructuring and other payments of $14 million, and cash received from certain strategic partners of $17 million.
    • Cash and Cash Equivalents: Total cash and cash equivalents at the end of the fourth quarter of 2024 was $243 million. Our cash balance reflects the repurchase of $77 million in shares during the fourth quarter of 2024 under the plans previously authorized by our Board. Our board recently increased our share repurchase authorization by $100 million, and we currently have approximately $270 million remaining on our total authorization.

    Financial Results for the Full Year 2024

    • Revenue: Total revenue was $2.400 billion for 2024, up from $2.202 billion in 2023, representing 9% growth. Adjusted for constant currency, total revenue rose 9%. Subscriptions revenue of $2.297 billion increased 9% and accounted for over 95% of total revenue. Adjusted for constant currency, subscriptions revenue rose 9%.
    • Operating Income (Loss): GAAP operating income was $3 million in 2024, compared to ($199) million in 2023. Non-GAAP operating income was $504 million, or 21.0% of total revenue, compared to $420 million, or 19.1% of total revenue, in 2023.
    • Adjusted EBITDA: Adjusted EBITDA for 2024 was $590 million in 2024, or 24.6% of total revenue, compared to $503 million, or 22.8% of total revenue, for 2023.
    • Net Income (Loss) Per Share: GAAP net loss per share was ($0.63) in 2024, compared to ($1.74) in 2023. Diluted non-GAAP net income per share was $3.70, compared to $3.23 per share in 2023. Both fiscal year 2024 and 2023 reflected a 22.5% non-GAAP tax rate.
    • Cash Flow: Net cash provided by operating activities for 2024 was a record $483 million, or 20.1% of total revenue, compared to $400 million, or 18.1% of total revenue, for 2023. Free cash flow for 2024 was $403 million, or 16.8% of total revenue. This includes cash paid for interest of $59 million, and restructuring and other payments of $28 million, and cash received from certain strategic partners of $25 million. For comparison, free cash flow for 2023 was $324 million, which included cash paid for interest of $17 million, restructuring and other payments of $35 million, and cash received from certain strategic partners of $50 million. Since 2021, free cash flow has grown at a 72% compound annual rate.

    Management Update

    Today we announced that Kira Makagon, Chief Innovation Officer and CMO, has been promoted to President and Chief Operating Officer, effective today. Makagon will now be responsible for the Company's product and technology organization, direct and channel sales, customer success, marketing, and operations organizations.

    Vlad Shmunis, RingCentral's Founder, Chairman, and CEO, said, "Kira's visionary leadership at RingCentral spans over a decade, spearheading our product innovation and establishing our brand as an industry leader. Kira's proven track record of building high-performing teams and her deep understanding of our customers' evolving needs make her the ideal leader to accelerate our next phase of growth and product innovation. Her expanded role will be pivotal in strengthening our market leadership and creating lasting value for our customers, while scaling our organization and profitable growth."

    Please see our separate press release for additional information.

    Business Highlights

    • Annualized Exit Monthly Recurring Subscriptions (ARR) increased 7% year-over-year to $2.489 billion. Adjusted for constant currency, ARR rose 8%.
    • Enterprise ARR increased 7% year-over-year to $1.073 billion. Adjusted for constant currency, Enterprise ARR rose 7%.
    • Won over 30 deals that were over $1 million in total contract value in the fourth quarter of 2024.
    • RingEX & RingCX selected by Genpact, a global advanced technology services and solutions company with 125,000 employees in 30+ countries, to enable tighter collaboration and for RingCentral's licensed availability across all 22 telecom circles in India.

    Product Highlights

    • Launched AI Receptionist (AIR), an AI phone agent that uses generative AI to automatically answer customer questions and transfer callers to the right place, much like traditional full-time receptionists. Unlike contact center intelligent virtual agents (IVAs), which are complex and costly to deploy, RingCentral AIR allows any business with any budget to instantly deploy our AI call automation solution to transform their business.
    • BT, which serves over one million UK business customers, launched Cloud Work RingCX™, powered by RingCentral.
    • Introduced Studio, a powerful new capability within RingCentral Events for streaming branded events, alongside a new feature called AI Clips for generating automated event highlights.
    • RingCX earned multiple industry recognitions, including CRN's 2024 Product of the Year and Leader status in the 2025 Aragon Research Globe.

    People Highlights

    • Opened a new state-of-the-art office in Bangalore, highlighting India as a key area for the company's regional growth, and aligns with RingCentral's PAN-India license for availability in 22 telecom circles from the Department of Telecommunications.
    • Amy Guggenheim Shenkan appointed to RingCentral's Board of Directors. She has over 30 years of leadership experience at companies such as McKinsey, GE, and Wells Fargo.

    Financial Outlook

    Full Year 2025 Guidance:

    • Subscriptions revenue growth range of 5% to 7% year-over-year on a reported basis, or 6% to 8% on a constant currency basis.
    • Total revenue growth range of 4% to 6% year-over-year on a reported basis, or 5% to 7% on a constant currency basis.
    • GAAP operating margin range of 4.5% to 5.2%.
    • Non-GAAP operating margin of approximately 22.5%, up approximately 150 basis points year over year.
    • Non-GAAP EPS range of $4.13 to $4.27 based on 93.5 to 94.5 million fully diluted shares.
    • Share-based compensation range of $300 to $310 million
    • Free cash flow of approximately $500 to $510 million, growth of approximately 25% at the midpoint.

    First Quarter 2025 Guidance:

    • Subscriptions revenue range of $587 to $592 million, representing year-over-year growth of 5% to 6%, or 6% to 7% on a constant currency basis.
    • Total revenue of $607 to $612 million, representing year-over-year growth of 4% to 5% on a reported and constant currency basis.
    • GAAP operating margin range of 0.6% to 1.7%.
    • Non-GAAP operating margin of 21.0% to 21.5%.
    • Non-GAAP EPS of $0.93 to $0.97 based on 93.0 to 93.5 million fully diluted shares.
    • Share-based compensation range of $81 to $84 million.

    For a reconciliation of our forecasted non-GAAP operating margin and free cash flow, see "Reconciliation of Forecasted Operating Margin GAAP Measures to Non-GAAP Measures." We have not reconciled our forecasted non-GAAP EPS to its respective forecasted GAAP measure because we do not provide guidance on it. We do not provide guidance on forecasted GAAP EPS because of the inherent uncertainty and complexity involved in forecasting the intercompany remeasurement gain (loss), gain (loss) associated with investments, gain (loss) on early debt conversions, and provision (benefit) from income taxes, which could be significant reconciling items between the non-GAAP and respective GAAP measures. The intercompany remeasurement gain (loss) is affected by the movement in various exchange rates relative to the U.S. Dollar, which is difficult to predict and subject to constant change. We do not provide guidance on gain (loss) associated with investments as it is based on future share prices, which are difficult to predict and subject to inherent uncertainties. We do not provide guidance on gain (loss) on debt early conversions as it is based on future conversion requests, future share prices, and interest rates, which are difficult to predict and are subject to inherent uncertainties. We do not provide guidance on forecasted GAAP tax rates as we do not forecast discrete tax items as they are difficult to predict. The provision (benefit) from income taxes, excluding discrete items, is expected to have an immaterial impact to our GAAP EPS. We utilized a projected long-term tax rate in our computation of the non-GAAP income tax provision. For fiscal 2025, we have determined the projected non-GAAP tax rate to be 22.5%. Accordingly, a reconciliation of the non-GAAP financial measure guidance to the corresponding GAAP measure is not available without unreasonable effort.

    Conference Call Details:

    • What: RingCentral financial results for the fourth quarter and fiscal year 2024 and outlook for the first quarter and fiscal year 2025.
    • When: February 20, 2025 at 2:00 PM PT (5:00 PM ET).
    • Dial-in: 1-888-349-0093 from the United States; 1-412-317-5201 internationally
    • Webcast: RingCentral Q4 2024 Earnings Webcast (live and replay).
    • Replay: Following the completion of the call through 11:59 PM Eastern Time on February 27, 2025, a telephone replay will also be available by dialing 1-844-512-2921 from the United States or 1-412-317-6671 internationally with recording access code 10195940.

    Investor Presentation Details

    An investor presentation providing additional information and analysis can be found at http://ir.ringcentral.com/.

    About RingCentral

    RingCentral is a leading provider of AI-powered cloud business communications, contact center, video and hybrid event solutions. RingCentral empowers businesses with conversation intelligence, and unlocks rich customer and employee interactions to provide insights and improved business outcomes. With decades of expertise in reliable and secure cloud communications, RingCentral has earned the trust of millions of customers and thousands of partners worldwide. Visit ringcentral.com to learn more.

    © 2025 RingCentral, Inc. All rights reserved. RingCentral, RingCentral Contact Center and the RingCentral logo are trademarks of RingCentral, Inc.

    Forward-Looking Statements

    This press release contains "forward-looking statements," including but not limited to, statements regarding our future financial results, our GAAP and non-GAAP guidance, the results of the pace of our innovation and our partner networks, our expectations regarding our profitability and our non-GAAP free cash flow, our expectations around the contribution of our new products, our estimates and expectations regarding third parties, and our ability to execute and lead in the UCaaS digital transformation market, our expectations around the demand for our products and the growth of the markets in which we compete. Forward-looking statements are subject to known and unknown risks and uncertainties, and are based on assumptions that may prove to be incorrect, which could cause actual results to differ materially from those expected or implied by the forward-looking statements. Among the important factors that could cause actual results to differ materially from those in any forward-looking statements are: our ability to attract new customers and grow at our expected rate of growth; our ability to add and retain larger and enterprise customers and enter new geographies and markets; our ability to continue to release, and gain customer acceptance of, new and improved versions of our services; our ability to compete successfully against existing and new competitors; our ability to enter into and maintain relationships with channel partners and strategic partners; our ability to realize the anticipated benefits of our strategic relationships; our ability to successfully and timely integrate, and realize the benefits of any significant acquisition we may make; our ability to manage our expenses and growth; and general market, political, economic, and business conditions, as well as those risks and uncertainties included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," in our most recent Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, and in other filings we make with the Securities and Exchange Commission from time to time.

    All forward-looking statements in this press release are based on information available to RingCentral as of the date hereof, and we undertake no obligation to update these forward-looking statements, to review or confirm analysts' expectations, or to provide interim reports or updates on the progress of the current financial quarter.

    Non-GAAP Financial Measures

    Our reported financial results and financial outlook include certain Non-GAAP financial measures, including Non-GAAP subscriptions gross margin, Non-GAAP other gross margin, Non-GAAP operating margin, Non-GAAP income (loss) from operations, Non-GAAP adjusted EBITDA, Non-GAAP net income (loss), Non-GAAP net income (loss) per diluted share, Non-GAAP free cash flow, Non-GAAP free cash flow margin, and constant currency revenue. Non-GAAP subscriptions gross margin is defined as Non-GAAP subscriptions gross profit divided by GAAP subscriptions revenue. Non-GAAP other gross margin is defined as Non-GAAP other gross profit divided by GAAP other revenue. Non-GAAP income (loss) from operations is defined as GAAP income (loss) from operations excluding share-based compensation which includes related employer payroll taxes, amortization of acquisition intangibles, third-party relocation costs tied to the conflict between Russia and Ukraine and other costs including acquisition-related transaction costs and retention payments, certain litigation-related costs, impairment charges related to abandoned internal-use software, change in fair-value of contingent consideration, net impact of amended agreements with strategic partners, and restructuring costs. Non-GAAP operating margin is defined as Non-GAAP income (loss) from operations divided by total GAAP revenue. Non-GAAP adjusted EBITDA is defined as Non-GAAP income (loss) from operations excluding depreciation and amortization. Non-GAAP net income (loss) is defined as GAAP net income (loss) excluding share-based compensation which includes related employer payroll taxes, amortization of acquisition intangibles, third-party relocation costs tied to the conflict between Russia and Ukraine and other costs including acquisition-related transaction costs and retention payments, certain litigation-related costs, impairment charges related to abandoned internal-use software, change in fair-value of contingent consideration, net impact of amended agreements with strategic partners, restructuring costs, non-cash interest expense associated with amortization of debt discount and issuance costs related to our long term debt, loss (gain) associated with investments, loss (gain) on early extinguishment of debt, intercompany remeasurement gains or losses, and the related income tax effect of these adjustments.

    Non-GAAP free cash flow is defined as GAAP net cash provided by (used in) operating activities adjusted for capital expenditures including purchases of property and equipment and capitalized internal-use software. We believe information regarding Non-GAAP free cash flow provides useful information to investors in understanding and evaluating the strength of liquidity and available cash. Non-GAAP free cash flow margin is defined as Non-GAAP free cash flow divided by total GAAP revenues.

    We have included Non-GAAP subscriptions gross margin, Non-GAAP other gross margin, Non-GAAP operating margin, Non-GAAP income (loss) from operations, Non-GAAP adjusted EBITDA, Non-GAAP net income (loss), Non-GAAP net income (loss) per diluted share, Non-GAAP free cash flow, Non-GAAP free cash flow margin, and constant currency revenue in this press release because they are key measures used by us to understand and evaluate our operating performance and trends, to prepare and approve our annual budget, and to develop short and long-term operational plans. In particular, the exclusion of certain expenses and cash flow items in calculating Non-GAAP subscriptions gross margin, Non-GAAP other gross margin, Non-GAAP operating margin, Non-GAAP income (loss) from operations, Non-GAAP adjusted EBITDA, Non-GAAP net income (loss), Non-GAAP net income (loss) per diluted share, Non-GAAP free cash flow, and Non-GAAP free cash flow margin provide useful measure for period-to-period comparisons of our business.

    We have provided certain revenue-related information adjusted for constant currency to provide a framework for assessing how our underlying business performed excluding the effect of foreign currency rate fluctuations. To present this information, current period results in currencies other than United States dollars are converted into United States dollars at the average exchange rate prevailing for the period being compared to for growth rate calculations presented, rather than the actual exchange rates in effect during that period.

    Although Non-GAAP subscriptions gross margin, Non-GAAP other gross margin, Non-GAAP operating margin, Non-GAAP income (loss) from operations, Non-GAAP adjusted EBITDA, Non-GAAP net income (loss), Non-GAAP net income (loss) per diluted share, Non-GAAP free cash flow, Non-GAAP free cash flow margin, and constant currency revenue are frequently used by investors in their evaluations of companies, these non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP. Because of these limitations, these non-GAAP financial measures should be considered alongside other financial performance measures.

    Reconciliations of our non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included in this press release.

    Other Measures

    Our reported results also include our annualized exit monthly recurring subscriptions (ARR), mid-market and enterprise ARR and enterprise ARR, including on a constant currency basis, as well as net monthly subscriptions dollar retention rate. To present ARR on a constant currency basis, ARR in currencies other than United States dollars are converted into United States dollars at the closing exchange rate prevailing for the period being compared to for growth rate calculations presented, rather than the closing exchange rates for the current period. We define our ARR as our monthly recurring subscriptions (MRR) multiplied by 12. Our MRR equals the monthly value of all customer recurring charges contracted at the end of a given month. We believe this metric is a leading indicator of our anticipated subscriptions revenue. We calculate mid-market and enterprise ARR in the same manner as we calculate our ARR, except that only customer subscriptions from customers generating $25,000 or more in annual recurring revenue are included. We calculate enterprise ARR in the same manner as we calculate our ARR, except that only customer subscriptions from customers generating $100,000 or more in annual recurring revenue are included. We define our Net Monthly Subscription Dollar Retention Rate as (i) one plus (ii) the quotient of Dollar Net Change divided by Average Monthly Recurring Subscriptions. We calculate dollar net change as the quotient of (i) the difference of our monthly recurring subscriptions at the end of a period minus our monthly recurring subscriptions at the beginning of a period minus our monthly recurring subscriptions at the end of the period from new customers we added during the period, (ii) all divided by the number of months in the period. We define our average monthly recurring subscriptions as the average of the monthly recurring subscriptions at the beginning and end of the measurement period.

     

    TABLE 1

    RINGCENTRAL, INC.

    CONSOLIDATED BALANCE SHEETS

    (Unaudited, in thousands)

     

     

    December 31, 2024

     

    December 31, 2023

    Assets

     

     

     

    Current assets

     

     

     

    Cash and cash equivalents

    $

    242,811

     

     

    $

    222,195

     

    Accounts receivable, net

     

    386,252

     

     

     

    364,438

     

    Deferred and prepaid sales commission costs

     

    182,615

     

     

     

    184,620

     

    Prepaid expenses and other current assets

     

    59,444

     

     

     

    77,396

     

    Total current assets

     

    871,122

     

     

     

    848,649

     

    Property and equipment, net

     

    180,650

     

     

     

    184,390

     

    Operating lease right-of-use assets

     

    46,463

     

     

     

    42,989

     

    Deferred and prepaid sales commission costs, non-current

     

    325,198

     

     

     

    395,724

     

    Goodwill

     

    82,986

     

     

     

    67,370

     

    Acquired intangibles, net

     

    258,526

     

     

     

    393,767

     

    Other assets

     

    14,928

     

     

     

    12,024

     

    Total assets

    $

    1,779,873

     

     

    $

    1,944,913

     

    Liabilities, Temporary Equity, and Stockholders' Deficit

     

     

     

    Current liabilities

     

     

     

    Accounts payable

    $

    21,866

     

     

    $

    53,295

     

    Accrued liabilities

     

    283,799

     

     

     

    325,632

     

    Current portion of long-term debt, net

     

    181,252

     

     

     

    20,000

     

    Deferred revenue

     

    261,882

     

     

     

    233,619

     

    Total current liabilities

     

    748,799

     

     

     

    632,546

     

    Long-term debt, net

     

    1,347,881

     

     

     

    1,525,482

     

    Operating lease liabilities

     

    29,733

     

     

     

    28,178

     

    Other long-term liabilities

     

    4,930

     

     

     

    61,827

     

    Total liabilities

     

    2,131,343

     

     

     

    2,248,033

     

     

     

     

     

    Temporary equity

     

     

     

    Series A convertible preferred stock

     

    199,449

     

     

     

    199,449

     

     

     

     

     

    Stockholders' deficit

     

     

     

    Common stock

     

    9

     

     

     

    9

     

    Additional paid-in capital

     

    1,215,377

     

     

     

    1,204,781

     

    Accumulated other comprehensive loss

     

    (8,881

    )

     

     

    (8,223

    )

    Accumulated deficit

     

    (1,757,424

    )

     

     

    (1,699,136

    )

    Total stockholders' deficit

    $

    (550,919

    )

     

    $

    (502,569

    )

    Total liabilities, temporary equity and stockholders' deficit

    $

    1,779,873

     

     

    $

    1,944,913

     

     

    TABLE 2

    RINGCENTRAL, INC.

    CONSOLIDATED STATEMENTS OF OPERATIONS

    (Unaudited, in thousands, except per share data)

     

     

    Three Months Ended

    December 31,

     

    Year Ended

    December 31,

     

     

    2024

     

     

     

    2023

     

     

     

    2024

     

     

     

    2023

     

    Revenues

     

     

     

     

     

     

     

    Subscriptions

    $

    589,677

     

     

    $

    547,373

     

     

    $

    2,297,192

     

     

    $

    2,100,329

     

    Other

     

    24,835

     

     

     

    23,898

     

     

     

    103,203

     

     

     

    102,100

     

    Total revenues

     

    614,512

     

     

     

    571,271

     

     

     

    2,400,395

     

     

     

    2,202,429

     

    Cost of revenues

     

     

     

     

     

     

     

    Subscriptions

     

    150,673

     

     

     

    143,386

     

     

     

    593,294

     

     

     

    557,050

     

    Other

     

    27,501

     

     

     

    26,838

     

     

     

    112,213

     

     

     

    107,241

     

    Total cost of revenues

     

    178,174

     

     

     

    170,224

     

     

     

    705,507

     

     

     

    664,291

     

    Gross profit

     

    436,338

     

     

     

    401,047

     

     

     

    1,694,888

     

     

     

    1,538,138

     

    Operating expenses

     

     

     

     

     

     

     

    Research and development

     

    84,901

     

     

     

    84,886

     

     

     

    329,323

     

     

     

    335,851

     

    Sales and marketing

     

    277,255

     

     

     

    272,628

     

     

     

    1,096,448

     

     

     

    1,068,050

     

    General and administrative

     

    58,545

     

     

     

    88,576

     

     

     

    266,447

     

     

     

    333,048

     

    Total operating expenses

     

    420,701

     

     

     

    446,090

     

     

     

    1,692,218

     

     

     

    1,736,949

     

    Income (loss) from operations

     

    15,637

     

     

     

    (45,043

    )

     

     

    2,670

     

     

     

    (198,811

    )

    Other income (expense), net

     

     

     

     

     

     

     

    Interest expense

     

    (16,327

    )

     

     

    (16,505

    )

     

     

    (64,995

    )

     

     

    (35,997

    )

    Other income (expense)

     

    2,280

     

     

     

    16,442

     

     

     

    15,100

     

     

     

    77,963

     

    Other income (expense), net

     

    (14,047

    )

     

     

    (63

    )

     

     

    (49,895

    )

     

     

    41,966

     

    Loss before income taxes

     

    1,590

     

     

     

    (45,106

    )

     

     

    (47,225

    )

     

     

    (156,845

    )

    Provision for income taxes

     

    8,778

     

     

     

    2,137

     

     

     

    11,063

     

     

     

    8,395

     

    Net loss

    $

    (7,188

    )

     

    $

    (47,243

    )

     

    $

    (58,288

    )

     

    $

    (165,240

    )

    Net loss per common share

     

     

     

     

     

     

     

    Basic and diluted

    $

    (0.08

    )

     

    $

    (0.50

    )

     

    $

    (0.63

    )

     

    $

    (1.74

    )

    Weighted-average number of shares used in computing net loss per share

     

     

     

     

     

     

     

    Basic and diluted

     

    90,678

     

     

     

    94,018

     

     

     

    92,110

     

     

     

    94,912

     

     

    TABLE 3

    RINGCENTRAL, INC.

    CONSOLIDATED STATEMENTS OF CASH FLOWS

    (Unaudited, in thousands)

     

     

    Year Ended December 31,

     

     

    2024

     

     

     

    2023

     

    Cash flows from operating activities

     

     

     

    Net loss

    $

    (58,288

    )

     

    $

    (165,240

    )

    Adjustments to reconcile net loss to net cash provided by operating activities:

     

     

     

    Depreciation and amortization

     

    222,609

     

     

     

    233,940

     

    Share-based compensation

     

    339,059

     

     

     

    426,679

     

    Unrealized loss on investments

     

    —

     

     

     

    1,506

     

    Amortization of deferred and prepaid sales commission costs

     

    162,552

     

     

     

    138,134

     

    Amortization of debt discount and issuance costs

     

    4,272

     

     

     

    4,566

     

    Gain on early extinguishment of debt

     

    —

     

     

     

    (53,400

    )

    Reduction of operating lease right-of-use assets

     

    20,723

     

     

     

    20,469

     

    Provision for bad debt

     

    8,667

     

     

     

    6,852

     

    Other

     

    (8,428

    )

     

     

    1,486

     

    Changes in assets and liabilities:

     

     

     

    Accounts receivable

     

    (30,481

    )

     

     

    (57,819

    )

    Deferred and prepaid sales commission costs

     

    (130,730

    )

     

     

    (156,734

    )

    Prepaid expenses and other assets

     

    19,811

     

     

     

    14,492

     

    Accounts payable

     

    (29,793

    )

     

     

    (21,213

    )

    Accrued and other liabilities

     

    (37,433

    )

     

     

    9,101

     

    Deferred revenue

     

    19,592

     

     

     

    17,681

     

    Operating lease liabilities

     

    (18,856

    )

     

     

    (20,838

    )

    Net cash provided by operating activities

     

    483,276

     

     

     

    399,662

     

    Cash flows from investing activities

     

     

     

    Purchases of property and equipment

     

    (24,994

    )

     

     

    (23,513

    )

    Capitalized internal-use software

     

    (55,534

    )

     

     

    (52,227

    )

    Cash paid for business combination, net of cash acquired

     

    (26,291

    )

     

     

    (14,709

    )

    Purchases of intangible assets and long-term investments

     

    (2,540

    )

     

     

    —

     

    Net cash used in investing activities

     

    (109,359

    )

     

     

    (90,449

    )

    Cash flows from financing activities

     

     

     

    Proceeds from issuance of stock in connection with stock plans

     

    16,693

     

     

     

    16,687

     

    Payments for taxes related to net share settlement of equity awards

     

    (5,965

    )

     

     

    (9,062

    )

    Payments for repurchase of common stock, including excise tax

     

    (322,356

    )

     

     

    (311,088

    )

    Proceeds from issuance of long-term debt, net of issuance costs

     

    —

     

     

     

    785,749

     

    Payments for the repurchase of convertible notes

     

    —

     

     

     

    (820,960

    )

    Payments for fees on long-term debt

     

    (4,851

    )

     

     

    —

     

    Repayments of principal on term loan

     

    (20,000

    )

     

     

    (10,000

    )

    Repayment of financing obligations

     

    (4,257

    )

     

     

    (5,777

    )

    Payment for contingent consideration

     

    (10,345

    )

     

     

    (3,567

    )

    Net cash used in financing activities

     

    (351,081

    )

     

     

    (358,018

    )

    Effect of exchange rate changes

     

    (2,220

    )

     

     

    1,016

     

    Net increase (decrease) in cash, cash equivalents, and restricted cash

     

    20,616

     

     

     

    (47,789

    )

    Cash, cash equivalents, and restricted cash

     

     

     

    Beginning of year

     

    222,195

     

     

     

    269,984

     

    End of year

    $

    242,811

     

     

    $

    222,195

     

     

    TABLE 4

    RINGCENTRAL, INC.

    RECONCILIATION OF OPERATING INCOME (LOSS)

    GAAP MEASURES TO NON-GAAP MEASURES

    (Unaudited, in thousands)

     

     

    Three Months Ended

    December 31,

     

    Year Ended

    December 31,

     

     

    2024

     

     

     

    2023

     

     

     

    2024

     

     

     

    2023

     

    Revenues

     

     

     

     

     

     

     

    Subscriptions

    $

    589,677

     

     

    $

    547,373

     

     

    $

    2,297,192

     

     

    $

    2,100,329

     

    Other

     

    24,835

     

     

     

    23,898

     

     

     

    103,203

     

     

     

    102,100

     

    Total revenues

     

    614,512

     

     

     

    571,271

     

     

     

    2,400,395

     

     

     

    2,202,429

     

    Cost of revenues reconciliation

     

     

     

     

     

     

     

    GAAP Subscriptions cost of revenues

     

    150,673

     

     

     

    143,386

     

     

     

    593,294

     

     

     

    557,050

     

    Share-based compensation

     

    (5,619

    )

     

     

    (7,206

    )

     

     

    (23,647

    )

     

     

    (28,302

    )

    Amortization of acquired intangibles

     

    (31,307

    )

     

     

    (37,136

    )

     

     

    (130,535

    )

     

     

    (147,460

    )

    Third-party relocation and other costs

     

    (129

    )

     

     

    (31

    )

     

     

    (178

    )

     

     

    (136

    )

    Restructuring costs

     

    (62

    )

     

     

    (181

    )

     

     

    (634

    )

     

     

    (818

    )

    Non-GAAP Subscriptions cost of revenues

     

    113,556

     

     

     

    98,832

     

     

     

    438,300

     

     

     

    380,334

     

     

     

     

     

     

     

     

     

    GAAP Other cost of revenues

     

    27,501

     

     

     

    26,838

     

     

     

    112,213

     

     

     

    107,241

     

    Share-based compensation

     

    (1,796

    )

     

     

    (2,374

    )

     

     

    (7,791

    )

     

     

    (9,266

    )

    Amortization of acquired intangibles

     

    (86

    )

     

     

    (22

    )

     

     

    (151

    )

     

     

    (88

    )

    Restructuring costs

     

    48

     

     

     

    —

     

     

     

    (700

    )

     

     

    (58

    )

    Non-GAAP Other cost of revenues

     

    25,667

     

     

     

    24,442

     

     

     

    103,571

     

     

     

    97,829

     

    Gross profit and gross margin reconciliation

     

     

     

     

     

     

     

    Non-GAAP Subscriptions

     

    80.7

    %

     

     

    81.9

    %

     

     

    80.9

    %

     

     

    81.9

    %

    Non-GAAP Other

     

    (3.4

    )%

     

     

    (2.3

    )%

     

     

    (0.4

    )%

     

     

    4.2

    %

    Non-GAAP Gross profit

     

    77.3

    %

     

     

    78.4

    %

     

     

    77.4

    %

     

     

    78.3

    %

    Operating expenses reconciliation

     

     

     

     

     

     

     

    GAAP Research and development

     

    84,901

     

     

     

    84,886

     

     

     

    329,323

     

     

     

    335,851

     

    Share-based compensation

     

    (19,218

    )

     

     

    (23,869

    )

     

     

    (78,862

    )

     

     

    (95,673

    )

    Third-party relocation and other costs

     

    (3,229

    )

     

     

    (899

    )

     

     

    (5,506

    )

     

     

    (5,863

    )

    Restructuring costs

     

    (386

    )

     

     

    (176

    )

     

     

    (3,215

    )

     

     

    (4,457

    )

    Non-GAAP Research and development

     

    62,068

     

     

     

    59,942

     

     

     

    241,740

     

     

     

    229,858

     

    As a % of total revenues non-GAAP

     

    10.1

    %

     

     

    10.5

    %

     

     

    10.1

    %

     

     

    10.4

    %

     

     

     

     

     

     

     

     

    GAAP Sales and marketing

     

    277,255

     

     

     

    272,628

     

     

     

    1,096,448

     

     

     

    1,068,050

     

    Share-based compensation

     

    (33,322

    )

     

     

    (37,232

    )

     

     

    (137,350

    )

     

     

    (154,295

    )

    Amortization of acquired intangibles

     

    (2,055

    )

     

     

    (995

    )

     

     

    (5,853

    )

     

     

    (3,524

    )

    Third-party relocation and other costs

     

    —

     

     

     

    (14

    )

     

     

    (332

    )

     

     

    (115

    )

    Restructuring costs

     

    (1,246

    )

     

     

    (3,665

    )

     

     

    (5,885

    )

     

     

    (8,758

    )

    Non-GAAP Sales and marketing

     

    240,632

     

     

     

    230,722

     

     

     

    947,028

     

     

     

    901,358

     

    As a % of total revenues non-GAAP

     

    39.2

    %

     

     

    40.4

    %

     

     

    39.5

    %

     

     

    40.9

    %

     

     

     

     

     

     

     

     

    GAAP General and administrative

     

    58,545

     

     

     

    88,576

     

     

     

    266,447

     

     

     

    333,048

     

    Share-based compensation

     

    (21,624

    )

     

     

    (42,692

    )

     

     

    (98,998

    )

     

     

    (146,550

    )

    Third-party relocation and other costs

     

    4,860

     

     

     

    (2,094

    )

     

     

    169

     

     

     

    (7,411

    )

    Restructuring costs

     

    (363

    )

     

     

    (3,421

    )

     

     

    (2,201

    )

     

     

    (6,277

    )

    Non-GAAP General and administrative

     

    41,418

     

     

     

    40,369

     

     

     

    165,417

     

     

     

    172,810

     

    As a % of total revenues non-GAAP

     

    6.7

    %

     

     

    7.1

    %

     

     

    6.9

    %

     

     

    7.8

    %

     

     

     

     

     

     

     

     

    Income (loss) from operations reconciliation

     

     

     

     

     

     

     

    GAAP income (loss) from operations

     

    15,637

     

     

     

    (45,043

    )

     

     

    2,670

     

     

     

    (198,811

    )

    Share-based compensation

     

    81,579

     

     

     

    113,373

     

     

     

    346,648

     

     

     

    434,086

     

    Amortization of acquired intangibles

     

    33,448

     

     

     

    38,153

     

     

     

    136,539

     

     

     

    151,072

     

    Third-party relocation and other costs

     

    (1,502

    )

     

     

    3,038

     

     

     

    5,847

     

     

     

    13,525

     

    Restructuring costs

     

    2,009

     

     

     

    7,443

     

     

     

    12,635

     

     

     

    20,368

     

    Non-GAAP Income from operations

     

    131,171

     

     

     

    116,964

     

     

     

    504,339

     

     

     

    420,240

     

    Non-GAAP Operating margin

     

    21.3

    %

     

     

    20.5

    %

     

     

    21.0

    %

     

     

    19.1

    %

     

     

     

     

     

     

     

     

    Depreciation and amortization

     

    21,604

     

     

     

    21,064

     

     

     

    86,070

     

     

     

    82,868

     

    Non-GAAP Adjusted EBITDA

     

    152,775

     

     

     

    138,028

     

     

     

    590,409

     

     

     

    503,108

     

    As a % of total revenues non-GAAP

     

    24.9

    %

     

     

    24.2

    %

     

     

    24.6

    %

     

     

    22.8

    %

     

    TABLE 5

    RINGCENTRAL, INC.

    RECONCILIATION OF NET INCOME (LOSS)

    GAAP MEASURES TO NON-GAAP MEASURES

    (In thousands, except per share data) (Unaudited)

     

     

    Three Months Ended

    December 31,

     

    Year Ended

    December 31,

     

     

    2024

     

     

     

    2023

     

     

     

    2024

     

     

     

    2023

     

    Net income (loss) income reconciliation

     

     

     

     

     

     

     

    GAAP net loss

    $

    (7,188

    )

     

    $

    (47,243

    )

     

    $

    (58,288

    )

     

    $

    (165,240

    )

    Share-based compensation

     

    81,579

     

     

     

    113,373

     

     

     

    346,648

     

     

     

    434,086

     

    Amortization of acquired intangibles

     

    33,448

     

     

     

    38,153

     

     

     

    136,539

     

     

     

    151,072

     

    Third-party relocation and other costs, net

     

    (4,806

    )

     

     

    3,038

     

     

     

    (5,155

    )

     

     

    3,016

     

    Restructuring costs

     

    2,009

     

     

     

    7,443

     

     

     

    12,635

     

     

     

    20,368

     

    Amortization of debt discount and issuance costs

     

    1,160

     

     

     

    1,101

     

     

     

    4,272

     

     

     

    4,566

     

    Loss associated with investments

     

    —

     

     

     

    —

     

     

     

    458

     

     

     

    1,745

     

    Gain on early extinguishment of debt

     

    —

     

     

     

    (10,510

    )

     

     

    —

     

     

     

    (53,401

    )

    Intercompany remeasurement loss (gain)

     

    2,474

     

     

     

    (428

    )

     

     

    3,294

     

     

     

    (1,645

    )

    Income tax expense effects

     

    (17,649

    )

     

     

    (21,952

    )

     

     

    (90,517

    )

     

     

    (82,271

    )

    Non-GAAP net income

    $

    91,027

     

     

    $

    82,975

     

     

    $

    349,886

     

     

    $

    312,296

     

    Reconciliation between GAAP and non-GAAP weighted average shares used in computing basic and diluted net income (loss) per common share:

     

     

     

     

     

     

     

    Weighted average number of shares used in

    computing basic net loss per share

     

    90,678

     

     

     

    94,018

     

     

     

    92,110

     

     

     

    94,912

     

    Effect of dilutive securities

     

    2,567

     

     

     

    1,989

     

     

     

    2,373

     

     

     

    1,714

     

    Non-GAAP weighted average shares used in

    computing non-GAAP diluted net income per share

     

    93,245

     

     

     

    96,007

     

     

     

    94,483

     

     

     

    96,626

     

     

     

     

     

     

     

     

     

    Diluted net (loss) income per share

     

     

     

     

     

     

     

    GAAP net loss per share

    $

    (0.08

    )

     

    $

    (0.50

    )

     

    $

    (0.63

    )

     

    $

    (1.74

    )

    Non-GAAP net income per share

    $

    0.98

     

     

    $

    0.86

     

     

    $

    3.70

     

     

    $

    3.23

     

     

    TABLE 6

    RINGCENTRAL, INC.

    RECONCILIATION OF CASH FLOWS FROM OPERATING ACTIVITIES

    GAAP MEASURES TO NON-GAAP FREE CASH FLOW MEASURES

    (Unaudited, in thousands)

     

     

    Three Months Ended

    December 31,

     

    Year Ended

    December 31,

     

     

    2024

     

     

     

    2023

     

     

     

    2024

     

     

     

    2023

     

    Net cash provided by operating activities

    $

    132,882

     

     

    $

    113,844

     

     

    $

    483,276

     

     

    $

    399,662

     

    Capitalized expenditures

     

    (21,053

    )

     

     

    (19,984

    )

     

     

    (80,528

    )

     

     

    (75,740

    )

    Non-GAAP free cash flow

    $

    111,829

     

     

    $

    93,860

     

     

    $

    402,748

     

     

    $

    323,922

     

    Non-GAAP free cash flow margin

     

    18.2

    %

     

     

    16.4

    %

     

     

    16.8

    %

     

     

    14.7

    %

     

    TABLE 7

    RINGCENTRAL, INC.

    RECONCILIATION OF FORECASTED OPERATING MARGIN AND FREE CASH FLOW

    GAAP MEASURES TO NON-GAAP MEASURES

    (Unaudited, in millions)

     

     

    Q1 2025

     

    FY 2025

     

    Low Range

     

    High Range

     

    Low Range

     

    High Range

    GAAP income from operations

     

    3

     

     

     

    10

     

     

    112

     

     

    133

     

    GAAP operating margin

     

    0.6

    %

     

     

    1.7

    %

     

    4.5

    %

     

    5.2

    %

    Share-based compensation

     

    84

     

     

     

    81

     

     

    310

     

     

    300

     

    Amortization of acquired intangibles

     

    35

     

     

     

    35

     

     

    135

     

     

    135

     

    Restructuring costs

     

    6

     

     

     

    6

     

     

    6

     

     

    6

     

    Non-GAAP income from operations

     

    127

     

     

     

    131

     

     

    562

     

     

    573

     

    Non-GAAP operating margin

     

    21.0

    %

     

     

    21.5

    %

     

    22.5

    %

     

    22.5

    %

     

     

    FY 2025

     

    Low Range

     

    High Range

    GAAP net cash provided by operating activities

    $

    585

     

     

    $

    595

     

    Capitalized expenditures

     

    (85

    )

     

     

    (85

    )

    Non-GAAP free cash flow

    $

    500

     

     

    $

    510

     

     

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250220397896/en/

    Investor Relations Contact:

    Will Wong, RingCentral

    [email protected]

    Media Contact:

    Mariana Leventis, RingCentral

    [email protected]

    Get the next $RNG alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $RNG

    DatePrice TargetRatingAnalyst
    1/27/2025$45.00 → $37.00Overweight → Equal Weight
    Barclays
    1/7/2025$38.00 → $30.00Equal Weight → Underweight
    Wells Fargo
    1/3/2025$50.00 → $45.00Strong Buy → Outperform
    Raymond James
    12/13/2024$42.00Outperform → Neutral
    Mizuho
    8/2/2024$45.00Neutral → Buy
    Rosenblatt
    12/20/2023$36.00Overweight → Equal Weight
    Wells Fargo
    12/12/2023$40.00 → $35.00Buy → Hold
    Jefferies
    10/23/2023$52.00 → $35.00Buy → Neutral
    Rosenblatt
    More analyst ratings

    $RNG
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • RingCentral Announces First Quarter 2025 Results

      Exceeded $2.5 billion in ARR Total revenue at the high end of guidance with record cash flow GAAP operating profitable for the third consecutive quarter; non-GAAP operating margin above guidance Now has over 1,000 paying customers on each of RingCX and AI Receptionist (AIR) RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered business communications, today announced financial results for the first quarter ended March 31, 2025. "Our continued leadership in UCaaS, combined with strong early momentum in CCaaS and accelerated adoption of our AI-powered solutions, drove solid Q1 results, with ARR surpassing $2.5 billion," said Vlad Shmunis, RingCentral's Founder, Chairman, and CEO. "

      5/8/25 4:05:00 PM ET
      $RNG
      EDP Services
      Technology
    • RingCentral Recognized by Frost & Sullivan with the 2025 Global Customer Value Leadership Award for Excellence in Web Events

      Award highlights RingCentral Events' innovative approach; robust, AI-driven platform; and commitment to maximizing customer ROI New, simplified pricing model further empowers marketers RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered business communications, announced today that it has been recognized by Frost & Sullivan with the prestigious 2025 Global Customer Value Leadership Award for exemplary performance in the web events industry. According to Frost & Sullivan, RingCentral Events™ stands out by taking a value-driven strategy designed specifically to make virtual, hybrid, and in-person events engaging, powerful, simple, and affordable for customers. Evaluated based on rig

      5/7/25 8:00:00 AM ET
      $RNG
      EDP Services
      Technology
    • RingCentral Announces RingCX for Salesforce Service Cloud Voice on Salesforce AppExchange

      Provides a single pane of glass for omnichannel customer engagement Drives intelligent, effortless, and personalized experiences across the customer journey Enriches CRM ecosystem with deep insights into customer interactions RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered business communications, today announced it has launched RingCX™ for Salesforce Service Cloud Voice on Salesforce AppExchange, a leading enterprise marketplace for partner apps and experts, empowering customers to deliver a unified and streamlined experience for agents by integrating RingCentral's digital channel and voice capabilities into Salesforce. This powerful combination enables organizations to not

      5/5/25 8:00:00 AM ET
      $RNG
      EDP Services
      Technology

    $RNG
    Financials

    Live finance-specific insights

    See more
    • RingCentral Announces First Quarter 2025 Results

      Exceeded $2.5 billion in ARR Total revenue at the high end of guidance with record cash flow GAAP operating profitable for the third consecutive quarter; non-GAAP operating margin above guidance Now has over 1,000 paying customers on each of RingCX and AI Receptionist (AIR) RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered business communications, today announced financial results for the first quarter ended March 31, 2025. "Our continued leadership in UCaaS, combined with strong early momentum in CCaaS and accelerated adoption of our AI-powered solutions, drove solid Q1 results, with ARR surpassing $2.5 billion," said Vlad Shmunis, RingCentral's Founder, Chairman, and CEO. "

      5/8/25 4:05:00 PM ET
      $RNG
      EDP Services
      Technology
    • RingCentral to Announce First Quarter 2025 Financial Results On May 8, 2025

      RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered business communications, today announced that it will report financial results for the first quarter ended March 31, 2025 after market close on May 8, 2025. The company also announced that it will hold a conference call on the same day at 2:00 PM Pacific Time (5:00 PM Eastern Time) to discuss its financial results. The conference call can be accessed by dialing 1-888-349-0093 from the United States or 1-412-317-5201 internationally with reference to the company name and conference title. Following the completion of the call through 11:59 PM Eastern Time on May 8, 2025, a telephone replay will also be available by dialing 1-844-512

      4/24/25 8:00:00 AM ET
      $RNG
      EDP Services
      Technology
    • RingCentral Announces Fourth Quarter and Fiscal Year 2024 Results

      Q4 2024 revenue and operating margin above guidance range with record cash flow Exceeded $50 million ARR from new products Kira Makagon promoted to President and Chief Operating Officer RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered trusted business communications for companies of all sizes, today announced financial results for the fourth quarter and fiscal year ended December 31, 2024. "We had a good fourth quarter, capping a strong year," said Vlad Shmunis, RingCentral's founder and CEO. "Our new AI-powered products are gaining steam, and today we unveiled RingCentral AI Receptionist, or AIR, which we believe will deliver tremendous value to businesses everywhere. Buildi

      2/20/25 4:05:00 PM ET
      $RNG
      EDP Services
      Technology

    $RNG
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • RingCentral downgraded by Barclays with a new price target

      Barclays downgraded RingCentral from Overweight to Equal Weight and set a new price target of $37.00 from $45.00 previously

      1/27/25 7:49:40 AM ET
      $RNG
      EDP Services
      Technology
    • RingCentral downgraded by Wells Fargo with a new price target

      Wells Fargo downgraded RingCentral from Equal Weight to Underweight and set a new price target of $30.00 from $38.00 previously

      1/7/25 8:25:38 AM ET
      $RNG
      EDP Services
      Technology
    • RingCentral downgraded by Raymond James with a new price target

      Raymond James downgraded RingCentral from Strong Buy to Outperform and set a new price target of $45.00 from $50.00 previously

      1/3/25 7:48:17 AM ET
      $RNG
      EDP Services
      Technology

    $RNG
    SEC Filings

    See more
    • RingCentral Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - RingCentral, Inc. (0001384905) (Filer)

      5/8/25 4:40:35 PM ET
      $RNG
      EDP Services
      Technology
    • RingCentral Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits

      8-K - RingCentral, Inc. (0001384905) (Filer)

      3/27/25 4:42:15 PM ET
      $RNG
      EDP Services
      Technology
    • SEC Form S-8 filed by RingCentral Inc.

      S-8 - RingCentral, Inc. (0001384905) (Filer)

      2/26/25 4:18:56 PM ET
      $RNG
      EDP Services
      Technology

    $RNG
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G filed by RingCentral Inc.

      SC 13G - RingCentral, Inc. (0001384905) (Subject)

      11/21/24 6:08:56 AM ET
      $RNG
      EDP Services
      Technology
    • Amendment: SEC Form SC 13G/A filed by RingCentral Inc.

      SC 13G/A - RingCentral, Inc. (0001384905) (Subject)

      11/14/24 12:30:28 PM ET
      $RNG
      EDP Services
      Technology
    • Amendment: SEC Form SC 13G/A filed by RingCentral Inc.

      SC 13G/A - RingCentral, Inc. (0001384905) (Subject)

      11/13/24 12:52:42 PM ET
      $RNG
      EDP Services
      Technology

    $RNG
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Bhatt Prat was granted 13,287 shares, increasing direct ownership by 129% to 23,581 units (SEC Form 4)

      4 - RingCentral, Inc. (0001384905) (Issuer)

      4/3/25 4:05:11 PM ET
      $RNG
      EDP Services
      Technology
    • New insider Arora Tarun claimed ownership of 64,335 shares (SEC Form 3)

      3 - RingCentral, Inc. (0001384905) (Issuer)

      3/4/25 4:16:24 PM ET
      $RNG
      EDP Services
      Technology
    • Director Theis Robert I sold $40,344 worth of shares (1,457 units at $27.69), decreasing direct ownership by 5% to 27,233 units (SEC Form 4)

      4 - RingCentral, Inc. (0001384905) (Issuer)

      3/4/25 4:15:29 PM ET
      $RNG
      EDP Services
      Technology

    $RNG
    Leadership Updates

    Live Leadership Updates

    See more
    • RingCentral Announces Appointment of Kira Makagon as President and Chief Operating Officer

      RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered trusted business communications, today announced that it has appointed Kira Makagon, current Chief Innovation Officer and CMO, as President and Chief Operating Officer, effective today. Makagon will be responsible for the Company's product and technology organization, direct and channel sales, customer success, marketing, and operations organizations. Vlad Shmunis, RingCentral's Founder, Chairman, and CEO, said, "Kira's visionary leadership at RingCentral spans over a decade, spearheading our product innovation and establishing our brand as an industry leader. Kira's proven track record of building high-performing teams and her de

      2/20/25 4:05:00 PM ET
      $RNG
      EDP Services
      Technology
    • RingCentral Appoints Abhey Lamba as Chief Financial Officer

      RingCentral, Inc. (NYSE:RNG), a leading global provider of trusted AI communications for businesses of all sizes, today announced that Abhey Lamba has been appointed Chief Financial Officer and will join in his new role in the coming weeks. Lamba will be responsible for all the Company's financial functions, including financial planning, controllership, tax, treasury, corporate development and investor relations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241107140330/en/Abhey Lamba, courtesy of RingCentral A seasoned finance and technology leader with more than 30 years of experience, Lamba joins RingCentral from Amazon Web

      11/7/24 4:05:00 PM ET
      $RNG
      EDP Services
      Technology
    • RingCentral Appoints Prat Bhatt to Board of Directors

      RingCentral, Inc. (NYSE:RNG), a leading provider of AI-driven cloud business communications, contact center, video and hybrid event solutions, today announced that Prat Bhatt has been appointed to the Company's Board of Directors, effective March 1, 2024. Bhatt has been named a member of the Board's audit committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240220097878/en/Photo of Prat Bhatt, courtesy of RingCentral Bhatt is an accomplished technology industry veteran and financial expert, having previously served as Chief Accounting Officer of Cisco Systems. In his more than 20 years at Cisco, Bhatt was instrumental in sc

      2/20/24 4:05:00 PM ET
      $RNG
      EDP Services
      Technology