Financials · RNG

RingCentral Inc. (RNG) financials

For the twelve months ended Sep 30, 2026, RingCentral Inc. reported $2.62B of revenue and $662.40M of net income.

Revenue, TTM
$2.62B
Revenue growth, YoY
+5.5%
Net income, TTM
$662.40M
Net income growth, YoY
50x
Net margin
25.3%
Free cash flow, TTM
$667.24M
EPS, diluted, TTM
$7.56
EPS growth, YoY
50x
Cash
$110.12M
Total debt
$1.01B
P/E
9.28
P/S
2.35
Market cap
$6.15B
Annual revenue$2.52B
FY2016FY2025
Annual net income$43.39M
FY2016FY2025
Annual free cash flow$587.32M
FY2016FY2025

RNG revenue and earnings growth

RNG revenueQ3 2026$676.04M

Quarter YoY
+5.9%
QoQ
+2.9%
FY YoY
+4.8%
5Y CAGR
+16.3%
10Y CAGR
+23.8%

RNG revenue was $676.04M in fiscal Q3 2026 (ended Sep 30, 2026), up 5.9% from a year earlier and up 2.9% from the prior quarter. For the full fiscal 2025 it was $2.52B, up 4.8% from fiscal 2024. Compound annual growth was +16.3% over 5 years and +23.8% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

RNG net incomeQ3 2026$569.70M

Quarter YoY
32x
QoQ
15x

RNG net income was $569.70M in fiscal Q3 2026 (ended Sep 30, 2026), up about 32-fold from a year earlier and up about 15-fold from the prior quarter. For the full fiscal 2025 it was $43.39M, compared with -$58.29M in fiscal 2024. Fiscal 2025 is the highest of the 15 fiscal years on file.

RNG EPSQ3 2026$6.50

Quarter YoY
34x
QoQ
14x

RNG diluted EPS was $6.50 in fiscal Q3 2026 (ended Sep 30, 2026), up about 34-fold from a year earlier and up about 14-fold from the prior quarter. For the full fiscal 2025 it was $0.48, compared with -$0.63 in fiscal 2024.

RNG free cash flowQ3 2026$172.90M

Quarter YoY
+20.2%
QoQ
-11.7%
FY YoY
+28.2%

RNG free cash flow was $172.90M in fiscal Q3 2026 (ended Sep 30, 2026), up 20.2% from a year earlier and down 11.7% from the prior quarter. For the full fiscal 2025 it was $587.32M, up 28.2% from fiscal 2024. It rose in each of the last 4 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$2.52B$2.40B$2.20B$1.99B$1.59B$1.18B$902.86M$673.62M$503.62M$380.44M
Cost of revenue$723.23M$705.51M$664.29M$641.73M$448.37M$323.61M$231.04M$157.13M$121.27M$92.21M
Gross profit$1.79B$1.69B$1.54B$1.35B$1.15B$860.05M$671.82M$516.50M$382.35M$288.23M
Research and development$316.99M$329.32M$335.85M$362.26M$309.74M$189.48M$136.36M$101.04M$75.15M$65.51M
Selling, general and admin$258.42M$266.45M$333.05M$292.90M$284.28M$200.03M$142.03M$102.77M$72.31M$55.45M
Operating income$120.55M$2.67M-$198.81M-$649.48M-$301.79M-$113.24M-$45.67M-$16.44M-$5.34M-$12.87M
Interest expense$60.28M$65.00M$36.00M$4.81M$64.38M$49.28M$20.51M$16.10M$99.0K$746.0K
Pre-tax income$56.24M-$47.23M-$156.84M-$874.05M-$373.72M-$82.06M-$56.94M-$26.06M-$3.95M-$15.99M
Income tax$12.85M$11.06M$8.39M$5.11M$2.53M$934.0K-$3.33M$140.0K$258.0K$236.0K
Net income$43.39M-$58.29M-$165.24M-$879.17M-$376.25M-$83.00M-$53.61M-$26.20M-$4.20M-$16.23M
EPS, basic$0.48-$0.63-$1.74-$9.23-$4.10-$0.94-$0.64-$0.33-$0.06-$0.22
EPS, diluted$0.48-$0.63-$1.74-$9.23-$4.10-$0.94-$0.64-$0.33-$0.06-$0.22
Diluted shares91.2M92.1M94.9M95.2M91.7M88.7M83.1M79.5M76.3M73.0M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$132.56M$242.81M$222.19M$269.98M$267.16M$639.85M$343.61M$566.33M$181.19M$160.35M
Receivables$384.10M$386.25M$364.44M$311.32M$232.84M$176.03M$129.99M$94.38M$46.69M$30.24M
Inventory$929.0K$1.24M$1.49M$1.21M$5.66M$551.0K$401.0K$199.0K$198.0K$63.0K
Current assets$765.16M$871.12M$848.65M$796.02M$650.74M$926.13M$535.54M$707.51M$264.82M$205.91M
Goodwill$97.79M$82.99M$67.37M$54.34M$55.49M$57.31M$55.28M$31.24M$9.39M$9.39M
Total assets$1.48B$1.78B$1.94B$2.07B$2.58B$2.18B$1.45B$894.33M$359.81M$252.63M
Current liabilities$1.22B$748.80M$632.55M$652.56M$526.27M$438.07M$280.71M$199.36M$125.22M$116.00M
Short-term debt$624.22M$181.25M$20.00M$0-----$14.53M
Long-term debt$629.58M$1.35B$1.53B$1.64B$1.40B$1.38B$386.89M$366.55M-$312.0K
Total debt$1.25B$1.53B$1.55B$1.64B$1.40B$1.38B$386.89M$366.55M-$14.84M
Total liabilities$1.87B$2.13B$2.25B$2.36B$2.04B$1.87B$705.05M$576.72M$131.47M$122.59M
Shareholders' equity-$588.12M-$550.92M-$502.57M-$482.79M$338.97M$308.46M$745.70M$317.61M$228.35M$164.25M

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$617.43M$483.28M$399.66M$191.31M$152.15M-$35.19M$64.85M$72.13M$41.16M$29.71M
Capital expenditures$30.10M$24.99M$23.51M$32.71M$28.96M$43.62M$27.77M$27.12M$19.50M$14.24M
Free cash flow$587.32M$458.28M$376.15M$158.59M$123.19M-$78.81M$37.08M$45.01M$21.67M$15.47M
Investing cash flow-$107.97M-$109.36M-$90.45M-$87.21M-$396.83M-$107.69M-$296.78M-$83.45M-$26.39M-$16.40M
Financing cash flow-$623.42M-$351.08M-$358.02M-$98.22M-$127.05M$437.59M$9.04M$397.25M$6.78M$9.33M
Share repurchases$334.45M$322.36M$311.09M$99.79M$0$0$0$15.00M$0-
Stock-based compensation$269.66M$339.06M$426.68M$386.01M$357.96M$189.60M$101.35M$68.09M$42.06M$30.84M
Depreciation and amortization$222.60M$222.61M$233.94M$246.56M$125.29M$75.61M$37.87M$23.27M$16.21M$14.66M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY4.8%9.0%10.8%24.7%34.7%31.1%34.0%33.8%32.4%28.4%
Gross margin71.2%70.6%69.8%67.7%71.9%72.7%74.4%76.7%75.9%75.8%
Operating margin4.8%0.1%-9.0%-32.7%-18.9%-9.6%-5.1%-2.4%-1.1%-3.4%
Net margin1.7%-2.4%-7.5%-44.2%-23.6%-7.0%-5.9%-3.9%-0.8%-4.3%
Free cash flow margin23.4%19.1%17.1%8.0%7.7%-6.7%4.1%6.7%4.3%4.1%
Return on equity-----111.0%-26.9%-7.2%-8.3%-1.8%-9.9%
Return on assets2.9%-3.3%-8.5%-42.4%-14.6%-3.8%-3.7%-2.9%-1.2%-6.4%
Current ratio0.631.161.341.221.242.111.913.552.111.78
Debt to equity----4.134.460.521.15-0.09

Source: XBRL data RingCentral Inc. files with the SEC, latest filing dated Oct 23, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

RNG peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
RNG$2.62B+5.5%$662.40M25.3%$6.15B
ADP$22.26B+6.5%$4.53B20.3%$119.24B
INFY$20.16B+4.6%$3.31B16.4%$50.24B
WDAY$10.15B+13.3%$1.25B12.3%$45.84B
ZS$3.35B+25.4%-$63.18M-1.9%$32.45B
CTSH$21.89B+5.0%$2.57B11.8%$28.43B
VRSN$1.73B+6.5%$849.80M49.1%$27.43B
VRSK$3.18B+4.9%$879.20M27.7%$25.73B
IOT$1.85B+29.5%$90.55M4.9%$24.73B

RNG FAQ

9 questions
  • What is RNG revenue?
    RingCentral Inc. (RNG) reported $2.62B of revenue for the twelve months ended Sep 30, 2026. That is up 5.5% from the year before. Revenue for fiscal 2025 was $2.52B.
  • Is RNG profitable?
    Yes. RingCentral Inc. earned $662.40M in net income for the twelve months ended Sep 30, 2026, a net margin of 25.3%.
  • How much cash and debt does RNG have?
    RingCentral Inc. reported $110.12M in cash and cash equivalents and $1.01B of debt on its most recent balance sheet in SEC filings.
  • How fast is RNG revenue growing?
    RingCentral Inc.'s revenue changed +4.8% in fiscal 2025, to $2.52B. Its compound annual growth rate was +16.3% over 5 years and +23.8% over 10 years.
  • What is RNG gross margin?
    RingCentral Inc.'s gross profit was $1.89B on $2.62B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 72.2%.
  • What is RNG free cash flow?
    RingCentral Inc. generated $667.24M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $699.36M less capital expenditures.
  • What is RNG earnings per share?
    Diluted earnings per share were $7.56 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did RNG last report financial results?
    The latest statements here come from RingCentral Inc.'s 10-Q filed on Oct 23, 2026, covering the period ended Sep 30, 2026.
  • Where does this RNG financial data come from?
    Quantisnow builds these statements from the structured XBRL data RingCentral Inc. files with the SEC. It is provided for information only and is not investment advice.