RingCentral, Inc.

Listed Company

RNGCIK 0001384905NYSELarge AcceleratedServices-Computer Processing & Data PreparationFY ends Dec 31

Period

FY 2025

Revenue

$2.52B

Net Income

$43.39M

Total Assets

—

Equity

—

Shares Out

37.08M

Op. Cash Flow

$617.43M

Business

RingCentral, Inc. provides cloud-based business communications and customer engagement solutions that replace on-premises legacy systems and enable AI-powered collaboration. Its main products and services include RingEX (UCaaS) for voice, messaging, video, and telephony integrations; RingCX and RingCentral Contact Center (CCaaS) for omnichannel contact center and workforce engagement; RingSense AI and other AI tools for conversation intelligence, agent assistance, and automated summaries; and RingCentral Events and Microsoft Teams integrations. The company operates as a single reportable segment with product, subscription, and service offerings. It sells globally through direct sales and indirect channels including resellers, distributors, global service providers, and strategic partners.

Summary from filing dated 2025-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	2,515	2,400	2,202	1,988	1,595
Total cost of revenues	723	706	664	642	448
Gross profit	1,792	1,695	1,538	1,347	1,146
Research and development	317	329	336	362	310
Sales and marketing	1,096	1,096	1,068	1,057	854
General and administrative	258	266	333	293	284
Total operating expenses	1,671	1,692	1,737	1,996	1,448
Income (loss) from operations	121	3	−199	−649	−302
Interest expense	−60	−65	−36	−5	—
Other (expense) income	−4	15	78	−220	−8
Other (expense) income, net	−64	−50	42	−225	−72
Income (loss) before income taxes	56	−47	−157	−874	−374
Provision for income taxes	13	11	8	5	3
Net income (loss)	43	−58	−165	−879	−376
Basic (in dollars per share)	0.48	−0.63	−1.74	−9.23	−4.1
Diluted (in dollars per share)	0.48	−0.63	−1.74	−9.23	−4.1
Basic (in shares)	89	92	95	95	92
Diluted (in shares)	91	92	95	95	92

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	133	243	222	270	267
Accounts receivable, net	384	386	364	311	233
Deferred and prepaid sales commission costs	167	183	185	159	103
Prepaid expenses and other current assets	81	59	77	56	48
Total current assets	765	871	849	796	651
Property and equipment, net	187	181	184	185	167
Operating lease right-of-use assets	31	46	43	35	47
Deferred and prepaid sales commission costs, non-current	253	325	396	439	723
Goodwill	98	83	67	54	55
Acquired intangibles, net	135	259	394	528	717
Other assets	13	15	12	36	8
Total assets	1,481	1,780	1,945	2,074	2,579
Accounts payable	28	22	53	63	70
Accrued liabilities	298	284	326	380	280
Current portion of long-term debt, net	624	181	20	—	—
Deferred revenue	269	262	234	210	176
Total current liabilities	1,219	749	633	653	526
Long-term debt, net	630	1,348	1,525	1,638	—
Operating lease liabilities	14	30	28	20	32
Other long-term liabilities	8	5	62	46	84
Total liabilities	1,870	2,131	2,248	2,357	2,041
Commitments and contingencies (Note 10)	—	—	—	—	—
Additional paid-in capital	1,123	1,215	1,205	1,060	1,087
Accumulated other comprehensive income (loss)	2	−9	−8	−9	644,000
Accumulated deficit	−1,714	−1,757	−1,699	−1,534	−749
Total stockholders deficit	−588	−551	−503	−483	339
Total liabilities, temporary equity and stockholders deficit	1,481	1,780	1,945	2,074	2,579

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	223	223	234	247	125
Share-based compensation	270	339	427	386	358
Unrealized loss on investments	0	0	2	203	15
Asset write-down and other charges	11	0	0	305	0
Amortization of deferred and prepaid sales commission costs	164	163	138	115	74
Amortization of debt discount and issuance costs	5	4	5	4	64
Loss (gain) on early extinguishment of debt	5	0	−53	0	2
Reduction of operating lease right-of-use assets	25	21	20	20	18
Provision for bad debt	17	9	7	9	8
Other	2	−8	1	4	809,000
Accounts receivable	−14	−30	−58	−88	−65
Deferred and prepaid sales commission costs	−112	−131	−157	−236	−178
Prepaid expenses and other assets	−19	20	14	4	9
Accounts payable	4	−30	−21	−6	18
Accrued and other liabilities	10	−37	9	89	75
Deferred revenue	7	20	18	33	34
Operating lease liabilities	−24	−19	−21	−21	−19
Net cash provided by operating activities	617	483	400	191	152
Purchases of property and equipment	−30	−25	−24	−33	−29
Capitalized internal-use software	−57	−56	−52	−54	−44
Cash paid for business combination, net of cash acquired	−21	−26	−15	0	0
Purchases of intangible assets and long-term investments	0	−3	0	−4	−324
Net cash used in investing activities	−108	−109	−90	−87	−397
Proceeds from issuance of stock in connection with stock plans	15	17	17	16	37
Payments for taxes related to net share settlement of equity awards	−13	−6	−9	−8	−22
Payments for repurchase of common stock, including excise tax	−334	−322	−311	−100	0
Proceeds from issuance of long-term debt, net of issuance costs	0	0	786	0	0
Payments for the settlement of convertible notes	−161	0	−821	0	−334
Repayments of principal on term loan	−68	−20	−10	—	—
Repurchases of principal on senior notes	−54	0	0	—	—
Payments for fees on long-term debt	−8	−5	0	0	—
Repayment of financing obligations	−633,000	−4	−6	−5	−4
Payment for contingent consideration	0	−10	−4	−2	−4
Net cash used in financing activities	−623	−351	−358	−98	−127
Effect of exchange rate changes	4	−2	1	−3	−962,000
Net (decrease) increase in cash, cash equivalents, and restricted cash	−110	21	−48	3	−373
Cash paid for interest, net of interest rate swap	54	59	17	347,000	309,000
Cash paid for income taxes, net of refunds	12	18	11	4	1
Common stock issued in connection with strategic partnership arrangement	0	8	55	0	0
Acquisition related measurement period adjustment	0	9	0	0	303
Indemnity holdback consideration	3	0	0	—	—
Contingent consideration	2	0	7	0	—
Equipment and capitalized internal-use software purchased and unpaid at period end	3	3	4	7	7
Acquisition of intangibles	0	0	4	0	0

Filings

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