RingCentral, Inc. (RNG) Income Statement Analysis

See more : Shandong Jintai Group Co., Ltd. (600385.SS) Income Statement Analysis – Financial Results

Complete financial analysis of RingCentral, Inc. (RNG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of RingCentral, Inc., a leading company in the Software – Application industry within the Technology sector.

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RingCentral, Inc. (RNG)

Industry: Software - Application

Sector: Technology

Website: https://www.ringcentral.com

About RingCentral, Inc.

RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect in North America. The company offers business cloud communications and contact center solutions based on its Message Video Phone? platform. Its products include RingCentral Office that provides communication and collaboration across various modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax; RingCentral Contact Center, a collaborative contact center solution that delivers omni-channel; and RingCentral Engage Digital, a digital customer engagement platform that allows enterprises to interact with their customers. The company's products also comprise RingCentral Engage Voice, a cloud-based outbound/blended customer engagement platform for midsize and enterprise companies; RingCentral Video, a video meeting service which includes our RCV video and team messaging capabilities and offers video and audio conferencing, file sharing, contact, task, and calendar management. In addition, it offers RingCentral Professional, a cloud based virtual telephone service that provides inbound call answering and management services for professionals; and RingCentral Fax that provides online fax capabilities. The company serves a range of industries, including financial services, education, healthcare, legal services, real estate, retail, technology, insurance, construction, hospitality, and state and local government, as well as others. It sells its products through a network of direct sales representatives, as well as sales agents, resellers, and channel partners. RingCentral, Inc. has strategic partnerships with Alcatel-Lucent Enterprise; and Vodafone Business. The company was incorporated in 1999 and is headquartered in Belmont, California.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	2.20B	1.99B	1.59B	1.18B	902.86M	673.62M	501.53M	379.72M	296.23M	219.89M	160.51M	114.53M	78.88M	50.22M
Cost of Revenue	664.29M	641.73M	448.37M	323.61M	231.04M	157.13M	121.27M	92.21M	87.27M	76.77M	61.52M	44.90M	33.00M	22.45M
Gross Profit	1.54B	1.35B	1.15B	860.05M	671.82M	516.50M	380.26M	287.51M	208.96M	143.11M	98.99M	69.62M	45.88M	27.77M
Gross Profit Ratio	69.84%	67.73%	71.88%	72.66%	74.41%	76.67%	75.82%	75.72%	70.54%	65.09%	61.67%	60.79%	58.17%	55.29%
Research & Development	335.85M	362.26M	309.74M	189.48M	136.36M	101.04M	75.15M	65.51M	52.92M	44.58M	33.40M	24.45M	12.20M	7.21M
General & Administrative	333.05M	292.90M	284.28M	200.03M	142.03M	102.77M	72.31M	55.45M	47.11M	38.91M	34.28M	24.43M	12.97M	4.93M
Selling & Marketing	1.07B	1.06B	854.16M	583.77M	439.10M	329.12M	260.07M	192.50M	139.85M	104.83M	72.34M	54.57M	34.55M	22.92M
SG&A	1.39B	1.35B	1.14B	783.81M	581.13M	431.89M	332.38M	247.95M	186.97M	143.74M	106.62M	79.00M	47.52M	27.86M
Other Expenses	0.00	-219.77M	-7.55M	80.46M	9.25M	6.48M	1.49M	-2.38M	-1.31M	-1.03M	274.00K	32.00K	109.00K	172.00K
Operating Expenses	1.74B	1.71B	1.45B	973.29M	717.49M	532.93M	407.53M	313.47M	239.89M	188.32M	140.02M	103.45M	59.72M	35.06M
Cost & Expenses	2.40B	2.35B	1.90B	1.30B	948.53M	690.06M	528.80M	405.68M	327.16M	265.09M	201.54M	148.35M	92.72M	57.52M
Interest Income	0.00	4.81M	64.38M	49.28M	20.51M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	36.00M	4.81M	64.38M	49.28M	20.51M	16.10M	99.00K	746.00K	1.12M	2.01M	5.38M	1.50M	158.00K	184.00K
Depreciation & Amortization	233.94M	266.47M	143.32M	91.32M	37.87M	23.27M	16.21M	14.66M	13.47M	10.38M	8.98M	6.19M	3.55M	1.27M
EBITDA	133.56M	-649.48M	-166.02M	58.54M	1.44M	13.31M	12.37M	1.80M	-18.77M	-35.86M	-31.78M	-27.60M	-10.18M	-5.85M
EBITDA Ratio	6.06%	-17.05%	-11.54%	3.62%	0.16%	1.98%	-1.91%	-3.60%	-5.90%	-15.84%	-19.97%	-24.10%	-12.91%	-11.65%
Operating Income	-198.81M	-365.79M	-301.79M	-32.78M	-36.43M	-16.44M	-27.28M	-25.95M	-30.93M	-45.21M	-41.03M	-33.83M	-13.84M	-7.29M
Operating Income Ratio	-9.03%	-18.40%	-18.92%	-2.77%	-4.03%	-2.44%	-5.44%	-6.83%	-10.44%	-20.56%	-25.56%	-29.54%	-17.55%	-14.52%
Total Other Income/Expenses	41.97M	-224.58M	-71.94M	31.18M	-11.27M	-9.63M	1.39M	-3.12M	-2.43M	-3.04M	-5.11M	-1.47M	-49.00K	-12.00K
Income Before Tax	-156.85M	-874.05M	-373.72M	-82.06M	-56.94M	-26.06M	-25.88M	-29.07M	-33.36M	-48.24M	-46.14M	-35.30M	-13.89M	-7.31M
Income Before Tax Ratio	-7.12%	-43.96%	-23.43%	-6.93%	-6.31%	-3.87%	-5.16%	-7.66%	-11.26%	-21.94%	-28.75%	-30.82%	-17.61%	-14.55%
Income Tax Expense	8.40M	5.11M	2.53M	934.00K	-3.33M	140.00K	258.00K	236.00K	-1.26M	97.00K	-45.00K	92.00K	15.00K	1.00K
Net Income	-165.24M	-879.17M	-376.25M	-83.00M	-53.61M	-26.20M	-26.14M	-29.31M	-32.10M	-48.34M	-46.10M	-35.39M	-13.90M	-7.31M
Net Income Ratio	-7.50%	-44.22%	-23.59%	-7.01%	-5.94%	-3.89%	-5.21%	-7.72%	-10.84%	-21.98%	-28.72%	-30.90%	-17.63%	-14.55%
EPS	-1.74	-9.23	-4.10	-0.94	-0.64	-0.33	-0.34	-0.40	-0.46	-0.72	-1.39	-0.67	-0.26	-0.14
EPS Diluted	-1.74	-9.23	-4.10	-0.94	-0.64	-0.33	-0.34	-0.40	-0.46	-0.72	-1.39	-0.67	-0.26	-0.14
Weighted Avg Shares Out	94.91M	95.24M	91.74M	88.68M	83.13M	79.50M	76.28M	72.99M	70.07M	66.82M	33.16M	52.72M	53.07M	53.07M
Weighted Avg Shares Out (Dil)	94.91M	95.24M	91.74M	88.68M	83.13M	79.50M	76.28M	72.99M	70.07M	66.82M	33.16M	52.72M	53.07M	53.07M

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