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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)
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 |
RingCentral, Inc. (RNG) Q2 2024 Earnings Call Transcript
RingCentral (RNG) Reports Q2 Earnings: What Key Metrics Have to Say
RingCentral (RNG) Q2 Earnings and Revenues Top Estimates
Here's Why RingCentral (RNG) is a Strong Value Stock
Here's Why RingCentral (RNG) is a Strong Momentum Stock
RingCentral (RNG) Upgraded to Strong Buy: What Does It Mean for the Stock?
Four Inc. Partners with RingCentral to Deliver Cloud Communications Solutions to the Public Sector
Wall Street Analysts Predict a 26.79% Upside in RingCentral (RNG): Here's What You Should Know
Why RingCentral (RNG) is a Top Value Stock for the Long-Term
CASEpeer Launches Integration With Global AI Powered Communications Solution RingCentral Online Faxing
Source: https://incomestatements.info
Category: Stock Reports