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NYSE · Technology

RingCentral, Inc. (RNG)

As-reported financials and SEC filings for RingCentral, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About RingCentral, Inc.

RingCentral, Inc. provides cloud-based business communications solutions, including Unified Communications as a Service (UCaaS), Contact Center as a Service (CCaaS), AI-powered communication tools, video meetings, and event hosting platforms. Its products support voice, messaging, video, and AI-enhanced customer engagement for enterprises and small to medium-sized businesses across various industries worldwide. RingCentral offers subscription-based services with global availability and integrates with third-party applications and platforms such as Microsoft Teams.

Snapshot

Revenue
$2.52B
Revenue growth (YoY)
4.8%
Net income
$43.4M
Diluted EPS
$0.48
Gross margin
71.2%
Operating margin
4.8%
Net margin
1.7%
FCF margin
23.4%
ROE
—
net income / fiscal-year-end equity
P/E
63.0×
trailing when available, otherwise FY EPS
Market cap
$6.57B
Long-term debt / equity
—
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at RingCentral

  • Revenue grew 4.8% to $2.5B in FY2025, slower than the 9.0% the year before.
  • Operating margin turned positive at 4.8% in FY2025, from a 18.9% operating loss in FY2021.
  • Most recent quarter Q2 FY2026: revenue $657M, up 5.9% from Q2 FY2025.
  • Free cash flow was $587M in FY2025, 23.4% of revenue.
  • Net income turned positive at $43M in FY2025, from a $58M loss in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where RingCentral’s fundamentals sit among the 332 software companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin71.2%
57th percentile of 265
Operating margin4.8%
58th percentile of 303
Net margin1.7%
49th percentile of 307
FCF margin23.4%
73rd percentile of 285
Revenue growth (YoY)+4.8%
34th percentile of 325
P/E63.0×
85th percentile of 163
Short interest4.04d
57th percentile of 330

RingCentral’s P/E of 63.0 ranks in the 85th percentile of the 163 peers with a meaningful P/E.

No reported insider purchases (code P) in the last 90 days; 18 insider sales totaling $6.3M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
3
+6 quant / multi-strat
Initiated / added
3
2 new, 1 added
Reduced / exited
5
5 trimmed, 0 exited
Combined position
$172.9M
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$59.1M1.5MReduced
Renaissance TechnologiesquantQ2 2026$40.0M1.0MReduced
Gotham Asset ManagementQ2 2026$18.0M461.8KAdded
Coatue ManagementQ2 2026$16.0M411.4KHeld
Millennium ManagementquantQ2 2026$15.3M392.9KReduced
Citadel AdvisorsquantQ2 2026$12.4M319.0KReduced
Two Sigma InvestmentsquantQ2 2026$9.3M238.8KReduced
Polen Capital ManagementQ2 2026$1.6M40.1KNew
D. E. ShawquantQ2 2026$1.2M29.7KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
—
code P value
Sells (90d)
18
$6.3M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-10-02
filed 2026-10-06
Amy Guggenheim ShenkanDirectorSell1.3K$78.89$100K
2026-09-14
filed 2026-09-16
Kira MakagonPresident and COOSell36.2K$70.11$2.5M
2026-09-09
filed 2026-09-11
Tarun AroraChief Accounting OfficerSell2.7K$70.74$190K
2026-09-09
filed 2026-09-11
Tarun AroraChief Accounting OfficerSell1.5K$69.69$104K
2026-09-03
Vladimir ShmunisCEO and ChairmanSell7.8K$76.45$594K
2026-09-03
Vladimir ShmunisCEO and ChairmanSell3.1K$77.00$242K
2026-09-03
Tarun AroraChief Accounting OfficerSell954$77.00$73K
2026-09-03
Vladimir ShmunisCEO and ChairmanSell245$75.36$18K
2026-09-02
filed 2026-09-03
Vladimir ShmunisCEO and ChairmanSell8.1K$72.35$583K
2026-09-02
filed 2026-09-03
Vaibhav AgarwalChief Financial OfficerSell7.0K$72.10$508K
2026-09-02
filed 2026-09-03
Vladimir ShmunisCEO and ChairmanSell5.7K$71.21$407K
2026-09-02
filed 2026-09-03
Vladimir ShmunisCEO and ChairmanSell1.3K$70.32$89K

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
7.1M
settled 2026-09-30
Change vs prior
+7.3%
vs previous settlement
Days to cover
4.04
at avg daily volume
Avg daily volume
1.8M
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-307.1M+7.3%4.04
2026-09-156.6M+7.2%4.62
2026-08-316.2M-12.4%4.49
2026-08-147.1M-7.7%3.81
2026-07-317.6M-13.1%2.47
2026-07-158.8M-6.0%5.94
2026-06-309.4M-9.6%5.49
2026-06-1510.4M+9.6%6.98

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$2.52B$2.40B$2.20B$1.99B$1.59B
Gross profit
Operating income$120.6M$2.7M$-198.8M$-649.5M$-301.8M
Net income$43.4M$-58.3M$-165.2M$-879.2M$-376.3M
Diluted EPS$0.48$-0.63$-1.74$-9.23$-4.10

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$617.4M$483.3M$399.7M$191.3M$152.2M
Capital expenditure$30.1M$25.0M$23.5M$32.7M$29.0M
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$657.0M5.9%$39.1M$0.45
Q1 FY2026$644.2M5.3%$30.6M$0.35
Q4 FY20254.8%
Q3 FY2025$638.7M4.9%$17.6M$0.19
Q2 FY2025$620.4M4.6%$13.2M$0.14
Q1 FY2025$612.1M4.8%$-10.3M$-0.11
Q4 FY20247.6%
Q3 FY2024$608.8M9.1%$-7.9M$-0.09

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNYSE
SectorTechnology
SIC industryServices-Computer Processing & Data Preparation
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2019
SEC CIK1384905

Selected SEC filings

10-K/A2026-04-30
View on EDGAR →
10-Q2026-07-23
View on EDGAR →
10-Q2026-05-11
View on EDGAR →
8-K2026-10-09
View on EDGAR →
8-K2026-09-28
View on EDGAR →
8-K2026-07-23
View on EDGAR →
8-K2026-05-07
View on EDGAR →

Largest software peers

All software stocks →All Technology companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.