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RingCentral, Inc.

RNG Clue Score56
United States Fiscal year ends December CIK 0001384905
$79.27 +1.17% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $79.27 −64.42% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue380.4Operating income−12.9Net income−16.2Fiscal year 2017Revenue503.6 +32.4%Operating income−5.3Net income−4.2Fiscal year 2018Revenue673.6 +33.8%Operating income−16.4Net income−26.2Fiscal year 2019Revenue902.9 +34.0%Operating income−45.7Net income−53.6EPS, diluted−0.64Fiscal year 2020Revenue1,183.7 +31.1%Operating income−113.2Net income−83.0EPS, diluted−0.94Fiscal year 2021Revenue1,594.8 +34.7%Operating income−301.8Net income−376.3EPS, diluted−4.10Fiscal year 2022Revenue1,988.3 +24.7%Operating income−649.5Net income−879.2EPS, diluted−9.23Fiscal year 2023Revenue2,202.4 +10.8%Operating income−198.8Net income−165.2EPS, diluted−1.74Fiscal year 2024Revenue2,400.4 +9.0%Operating income2.7Net income−58.3EPS, diluted−0.63Fiscal year 2025Revenue2,515.1 +4.8%Operating income120.6Net income43.4EPS, diluted0.48
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 380.4 503.6 673.6 902.9 1,183.7 1,594.8 1,988.3 2,202.4 2,400.4 2,515.1
Growth +32.4% +33.8% +34.0% +31.1% +34.7% +24.7% +10.8% +9.0% +4.8%
Operating income −12.9 −5.3 −16.4 −45.7 −113.2 −301.8 −649.5 −198.8 2.7 120.6
Net income −16.2 −4.2 −26.2 −53.6 −83.0 −376.3 −879.2 −165.2 −58.3 43.4
Growth
EPS, diluted n/a n/a n/a −0.64 −0.94 −4.10 −9.23 −1.74 −0.63 0.48
Growth

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin75.8%Operating margin−3.4%Net margin−4.3%Free cash flow margin4.1%Fiscal year 2017Gross margin75.9%Operating margin−1.1%Net margin−0.8%Free cash flow margin4.3%Fiscal year 2018Gross margin76.7%Operating margin−2.4%Net margin−3.9%Free cash flow margin6.7%Fiscal year 2019Gross margin74.4%Operating margin−5.1%Net margin−5.9%Free cash flow margin4.1%Fiscal year 2020Gross margin72.7%Operating margin−9.6%Net margin−7.0%Free cash flow margin−6.7%Fiscal year 2021Gross margin71.9%Operating margin−18.9%Net margin−23.6%Free cash flow margin7.7%Fiscal year 2022Gross margin67.7%Operating margin−32.7%Net margin−44.2%Free cash flow margin8.0%Fiscal year 2023Gross margin69.8%Operating margin−9.0%Net margin−7.5%Free cash flow margin17.1%Fiscal year 2024Gross margin70.6%Operating margin0.1%Net margin−2.4%Free cash flow margin19.1%Fiscal year 2025Gross margin71.2%Operating margin4.8%Net margin1.7%Free cash flow margin23.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 75.8% 75.9% 76.7% 74.4% 72.7% 71.9% 67.7% 69.8% 70.6% 71.2%
Operating margin −3.4% −1.1% −2.4% −5.1% −9.6% −18.9% −32.7% −9.0% 0.1% 4.8%
Net margin −4.3% −0.8% −3.9% −5.9% −7.0% −23.6% −44.2% −7.5% −2.4% 1.7%
Free cash flow margin 4.1% 4.3% 6.7% 4.1% −6.7% 7.7% 8.0% 17.1% 19.1% 23.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow29.7Capital expenditure−14.2Free cash flow15.5Fiscal year 2017Operating cash flow41.2Capital expenditure−19.5Free cash flow21.7 +40.0%Buybacks0.0Fiscal year 2018Operating cash flow72.1Capital expenditure−27.1Free cash flow45.0 +107.7%Buybacks−15.0Fiscal year 2019Operating cash flow64.8Capital expenditure−27.8Free cash flow37.1 −17.6%Buybacks0.0Fiscal year 2020Operating cash flow−35.2Capital expenditure−43.6Free cash flow−78.8 −312.5%Buybacks0.0Fiscal year 2021Operating cash flow152.2Capital expenditure−29.0Free cash flow123.2Buybacks0.0Fiscal year 2022Operating cash flow191.3Capital expenditure−32.7Free cash flow158.6 +28.7%Buybacks−99.8Fiscal year 2023Operating cash flow399.7Capital expenditure−23.5Free cash flow376.1 +137.2%Buybacks−311.1Fiscal year 2024Operating cash flow483.3Capital expenditure−25.0Free cash flow458.3 +21.8%Buybacks−322.4Fiscal year 2025Operating cash flow617.4Capital expenditure−30.1Free cash flow587.3 +28.2%Buybacks−334.4
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 29.7 41.2 72.1 64.8 −35.2 152.2 191.3 399.7 483.3 617.4
Capital expenditure −14.2 −19.5 −27.1 −27.8 −43.6 −29.0 −32.7 −23.5 −25.0 −30.1
Free cash flow 15.5 21.7 45.0 37.1 −78.8 123.2 158.6 376.1 458.3 587.3
Growth +40.0% +107.7% −17.6% −312.5% +28.7% +137.2% +21.8% +28.2%
Buybacks n/a 0.0 −15.0 0.0 0.0 0.0 −99.8 −311.1 −322.4 −334.4

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash160.4Total debt14.8Net cash (debt)145.5Shareholders’ equity164.2Debt to equity0.09Fiscal year 2017Cash181.2Shareholders’ equity228.3Fiscal year 2018Cash566.3Shareholders’ equity317.6Fiscal year 2019Cash343.6Shareholders’ equity745.7Fiscal year 2020Cash639.9Shareholders’ equity308.5Fiscal year 2021Cash267.2Shareholders’ equity339.0Fiscal year 2022Cash270.0Total debt1,638.4Net cash (debt)−1,368.4Shareholders’ equity−482.8Fiscal year 2023Cash222.2Total debt1,545.5Net cash (debt)−1,323.3Shareholders’ equity−502.6Fiscal year 2024Cash242.8Total debt1,529.1Net cash (debt)−1,286.3Shareholders’ equity−550.9Fiscal year 2025Cash132.6Total debt1,253.8Net cash (debt)−1,121.2Shareholders’ equity−588.1
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 160.4 181.2 566.3 343.6 639.9 267.2 270.0 222.2 242.8 132.6
Total debt 14.8 n/a n/a n/a n/a n/a 1,638.4 1,545.5 1,529.1 1,253.8
Net cash (debt) 145.5 n/a n/a n/a n/a n/a −1,368.4 −1,323.3 −1,286.3 −1,121.2
Shareholders’ equity 164.2 228.3 317.6 745.7 308.5 339.0 −482.8 −502.6 −550.9 −588.1
Debt to equity 0.09 n/a n/a n/a n/a n/a n/a n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
75.8% 75.9% 76.7% 74.4% 72.7% 71.9% 67.7% 69.8% 70.6% 71.2%
−3.4% −1.1% −2.4% −5.1% −9.6% −18.9% −32.7% −9.0% 0.1% 4.8%
−4.2% −0.8% −3.9% −6.3% −6.9% −23.4% −44.0% −7.1% −2.0% 2.2%
−4.3% −0.8% −3.9% −5.9% −7.0% −23.6% −44.2% −7.5% −2.4% 1.7%
4.1% 4.3% 6.7% 4.1% −6.7% 7.7% 8.0% 17.1% 19.1% 23.4%
Spending
17.2% 14.9% 15.0% 15.1% 16.0% 19.4% 18.2% 15.2% 13.7% 12.6%
14.6% 14.4% 15.3% 15.7% 16.9% 17.8% 14.7% 15.1% 11.1% 10.3%
3.7% 3.9% 4.0% 3.1% 3.7% 1.8% 1.6% 1.1% 1.0% 1.2%
n/a n/a n/a n/a n/a n/a n/a n/a n/a 22.8%
Returns
−9.9% −1.8% −8.3% −7.2% −26.9% −111.0% n/a n/a n/a n/a
−6.4% −1.2% −2.9% −3.7% −3.8% −14.6% −42.4% −8.5% −3.3% 2.9%
Balance and payout
0.09 n/a n/a n/a n/a n/a n/a n/a n/a n/a
48.5% 36.5% 64.5% 48.6% 85.7% 79.1% 113.7% 115.6% 119.7% 126.2%
n/a 0.0% 33.3% 0.0% n/a 0.0% 62.9% 82.7% 70.3% 56.9%