Ring Central, Inc. - Understand $rng stock

$RNG Market Cap: $3.598 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$2.357B

TTM

Gross Margin

70.41%

TTM

Net Earnings

-$98.34M

TTM

Current Assets

$859.0M

Q3 2024

Current Liabilities

$764.7M

Q3 2024

Current Ratio

112.32%

Q3 2024

Total Assets

$1.818B

Q3 2024

Total Liabilities

$2.164B

Q3 2024

Book Value

-$345.9M

Q3 2024

Cash

$212.7M

Q3 2024

P/E

-36.59

Nov 29, 2024 EST

Free Cash Flow

$395.6M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$2.202B	$1.988B	$1.595B	$1.184B	$902.9M	$673.6M	$501.5M	$379.7M	$296.2M	$219.9M	$160.5M	$114.5M	$78.88M	$50.20M
YoY Change	10.77%	24.68%	34.73%	31.1%	34.03%	34.31%	32.08%	28.19%	34.72%	37.0%	40.15%	45.2%	57.13%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$2.202B	$1.988B	$1.595B	$1.184B	$902.9M	$673.6M	$501.5M	$379.7M	$296.2M	$219.9M	$160.5M	$114.5M	$78.88M	$50.20M
Cost Of Revenue	$664.3M	$641.7M	$448.4M	$323.6M	$231.0M	$157.1M	$121.3M	$92.21M	$87.27M	$76.77M	$61.52M	$44.90M	$33.00M	$22.50M
Gross Profit	$1.538B	$1.347B	$1.146B	$860.1M	$671.8M	$516.5M	$382.3M	$287.5M	$209.0M	$143.1M	$98.99M	$69.62M	$45.88M	$27.80M
Gross Profit Margin	69.84%	67.73%	71.88%	72.66%	74.41%	76.67%	76.24%	75.72%	70.54%	65.09%	61.67%	60.79%	58.17%	55.38%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Selling, General & Admin	$1.401B	$1.350B	$1.138B	$783.8M	$581.1M	$431.9M	$312.5M	$248.0M	$187.0M	$143.7M	$106.6M	$79.00M	$47.52M	$27.90M
YoY Change	3.78%	18.6%	45.24%	34.88%	34.55%	38.19%	26.05%	32.62%	30.07%	34.81%	34.96%	66.25%	70.32%
% of Gross Profit	91.09%	100.26%	99.31%	91.13%	86.5%	83.62%	81.74%	86.24%	89.48%	100.44%	107.71%	113.47%	103.57%	100.36%
Research & Development	$335.9M	$362.3M	$309.7M	$189.5M	$136.4M	$101.0M	$75.15M	$65.51M	$52.92M	$44.58M	$33.40M	$24.45M	$12.20M	$7.200M
YoY Change	-7.29%	16.96%	63.46%	38.96%	34.96%	34.46%	14.71%	23.79%	18.71%	33.48%	36.6%	100.43%	69.43%
% of Gross Profit	21.83%	26.9%	27.02%	22.03%	20.3%	19.56%	19.65%	22.79%	25.33%	31.15%	33.74%	35.12%	26.59%	25.9%
Depreciation & Amortization	$82.90M	$72.00M	$58.90M	$39.80M	$27.20M	$18.90M	$15.40M	$14.66M	$13.47M	$10.38M	$8.980M	$6.190M	$3.550M	$1.270M
YoY Change	15.14%	22.24%	47.99%	46.32%	43.92%	22.73%	5.05%	8.83%	29.77%	15.59%	45.07%	74.37%	179.53%
% of Gross Profit	5.39%	5.35%	5.14%	4.63%	4.05%	3.66%	4.03%	5.1%	6.45%	7.25%	9.07%	8.89%	7.74%	4.57%
Operating Expenses	$1.737B	$1.996B	$1.448B	$973.3M	$717.5M	$532.9M	$387.7M	$313.5M	$239.9M	$188.3M	$140.0M	$103.5M	$59.72M	$35.00M
YoY Change	-12.98%	37.83%	48.79%	35.65%	34.63%	37.47%	23.68%	30.67%	27.38%	34.5%	35.35%	73.23%	70.62%
Operating Profit	-$198.8M	-$649.5M	-$301.8M	-$113.2M	-$45.68M	-$16.44M	-$5.338M	-$25.95M	-$30.93M	-$45.21M	-$41.03M	-$33.83M	-$13.84M	-$7.200M
YoY Change	-69.39%	115.21%	166.5%	147.92%	177.9%	207.91%	-79.43%	-16.1%	-31.57%	10.17%	21.3%	144.43%	92.21%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Interest Expense	$36.00M	$4.807M	$64.38M	$49.28M	$20.51M	$16.10M	$99.00K	-$700.0K	-$1.100M	$2.007M	$5.384M	$1.503M	$158.0K	-$200.0K
YoY Change	648.85%	-92.53%	30.64%	140.25%	27.39%	16164.65%	-114.14%	-36.36%	-154.81%	-62.72%	258.22%	851.27%	-179.0%
% of Operating Profit
Other Income/Expense, Net	$41.97M	-$224.6M	-$71.94M	$31.18M	-$11.27M	-$9.627M	$1.392M	-$2.400M	-$1.300M	-$3.038M	-$5.110M	-$1.471M	-$49.00K	$200.0K
YoY Change	-118.69%	212.19%	-330.73%	-376.76%	17.01%	-791.59%	-158.0%	84.62%	-57.21%	-40.55%	247.38%	2902.04%	-124.5%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Pretax Income	-$156.8M	-$874.1M	-$373.7M	-$82.06M	-$56.94M	-$26.06M	-$3.946M	-$15.99M	-$33.36M	-$48.24M	-$46.14M	-$33.88M	-$13.29M	-$7.300M
YoY Change	-82.06%	133.88%	355.41%	44.12%	118.47%	560.49%	-75.32%	-52.07%	-30.85%	4.55%	36.18%	154.91%	82.08%
Income Tax	$8.395M	$5.113M	$2.528M	$934.0K	-$3.333M	$140.0K	$258.0K	$200.0K	-$1.300M	$97.00K	-$45.00K	$92.00K	$15.00K	$0.00
% Of Pretax Income
Net Earnings	-$165.2M	-$879.2M	-$376.3M	-$83.00M	-$53.61M	-$26.20M	-$4.204M	-$16.23M	-$32.10M	-$48.34M	-$46.10M	-$35.39M	-$13.90M	-$7.300M
YoY Change	-81.2%	133.67%	353.34%	54.82%	104.58%	523.29%	-74.09%	-49.45%	-33.6%	4.86%	30.26%	154.55%	90.45%
Net Earnings / Revenue	-7.5%	-44.22%	-23.59%	-7.01%	-5.94%	-3.89%	-0.84%	-4.27%	-10.84%	-21.98%	-28.72%	-30.9%	-17.63%	-14.54%
Basic Earnings Per Share	-$1.74	-$9.23	-$4.10	-$0.94	-$0.64
Diluted Earnings Per Share	-$1.74	-$9.23	-$4.10	-$0.94	-$0.64	-$329.6K	-$55.05K	-$221.9K	-$457.9K	-$723.1K	-$1.389M	-$583.2K	-$229.0K	-$120.3K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Cash & Short-Term Investments	$222.2M	$270.0M	$267.2M	$639.9M	$343.6M	$566.3M	$181.2M	$160.4M	$137.6M	$141.7M	$116.4M	$37.90M	$13.60M
YoY Change	-17.7%	1.06%	-58.25%	86.23%	-39.33%	212.53%	12.97%	16.57%	-2.89%	21.74%	207.12%	178.68%
Cash & Equivalents	$108.5M	$181.8M	$175.7M	$515.0M	$297.3M	$485.9M	$110.3M	$119.4M	$119.2M	$100.4M	$81.80M	$37.90M	$13.60M
Short-Term Investments									$0.00	$28.50M
Other Short-Term Assets	$260.5M	$213.5M	$145.1M	$109.7M	$61.50M	$46.60M	$36.70M	$15.30M	$12.00M	$8.800M	$5.200M	$3.400M	$1.200M
YoY Change	22.02%	47.16%	32.25%	78.37%	31.97%	26.98%	139.87%	27.5%	36.36%	69.23%	52.94%	183.33%
Inventory	$1.492M	$1.209M	$5.655M	$600.0K	$400.0K	$200.0K	$200.0K	$100.0K	$2.300M	$1.700M	$2.100M	$800.0K	$1.600M
Prepaid Expenses
Receivables	$364.4M	$311.3M	$232.8M	$176.0M	$130.0M	$94.40M	$46.70M	$30.20M	$19.20M	$7.700M	$3.000M	$2.700M	$400.0K
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$848.6M	$796.0M	$650.7M	$926.1M	$535.5M	$707.5M	$264.8M	$205.9M	$171.0M	$159.8M	$126.7M	$44.80M	$16.80M
YoY Change	6.61%	22.32%	-29.73%	72.94%	-24.31%	167.18%	28.61%	20.41%	7.01%	26.12%	182.81%	166.67%
Property, Plant & Equipment	$227.4M	$220.8M	$214.2M	$193.3M	$128.5M	$70.20M	$43.30M	$32.00M	$28.20M	$25.50M	$16.70M	$17.00M	$9.300M
YoY Change	2.96%	3.09%	10.81%	50.43%	83.05%	62.12%	35.31%	13.48%	10.59%	52.69%	-1.76%	82.8%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments		$4.559M	$210.4M	$213.2M	$132.2M
YoY Change		-97.83%	-1.29%	61.27%
Other Assets	$407.7M	$469.9M	$731.6M	$676.3M	$471.9M	$65.90M	$40.80M	$3.100M	$2.900M	$3.000M	$1.800M	$1.600M	$1.200M
YoY Change	-13.22%	-35.77%	8.17%	43.31%	616.08%	61.52%	1216.13%	6.9%	-3.33%	66.67%	12.5%	33.33%
Total Long-Term Assets	$1.096B	$1.278B	$1.928B	$1.259B	$915.2M	$186.8M	$95.00M	$46.70M	$43.80M	$28.50M	$18.50M	$18.60M	$10.60M
YoY Change	-14.2%	-33.74%	53.22%	37.51%	389.94%	96.63%	103.43%	6.62%	53.68%	54.05%	-0.54%	75.47%
Total Assets	$1.945B	$2.074B	$2.579B	$2.185B	$1.451B	$894.3M	$359.8M	$252.6M	$214.8M	$188.3M	$145.2M	$63.40M	$27.40M
YoY Change
Accounts Payable	$53.30M	$62.72M	$70.02M	$54.00M	$34.60M	$10.10M	$7.300M	$7.800M	$5.200M	$4.200M	$4.400M	$4.600M	$6.000M
YoY Change	-15.03%	-10.43%	29.67%	56.07%	242.57%	38.36%	-6.41%	50.0%	23.81%	-4.55%	-4.35%	-23.33%
Accrued Expenses	$325.6M	$380.1M	$279.8M	$210.7M	$138.7M	$100.7M	$55.00M	$48.30M	$34.70M	$29.20M	$20.60M	$21.50M	$6.000M
YoY Change	-14.33%	35.85%	32.79%	51.91%	37.74%	83.09%	13.87%	39.19%	18.84%	41.75%	-4.19%	258.33%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$20.00M		$0.00	$31.10M	$0.00			$14.70M	$4.000M	$17.30M	$10.20M	$7.900M	$1.000M
YoY Change			-100.0%					267.5%	-76.88%	69.61%	29.11%	690.0%
Total Short-Term Liabilities	$632.5M	$652.6M	$526.3M	$438.1M	$280.7M	$199.4M	$125.2M	$116.0M	$80.60M	$76.30M	$51.70M	$45.30M	$22.00M
YoY Change	-3.07%	24.0%	20.13%	56.07%	40.77%	59.27%	7.93%	43.92%	5.64%	47.58%	14.13%	105.91%
Long-Term Debt	$1.525B	$1.638B	$1.398B	$1.375B	$386.9M	$366.6M	$0.00	$300.0K	$15.00M	$8.300M	$24.60M	$13.10M	$0.00
YoY Change	-6.89%	17.16%	1.69%	255.47%	5.54%		-100.0%	-98.0%	80.72%	-66.26%	87.79%
Other Long-Term Liabilities	$90.01M	$66.03M	$115.9M	$59.00M	$37.40M	$10.80M	$6.300M	$6.300M	$9.100M	$7.200M	$5.300M	$4.900M	$3.900M
YoY Change	36.31%	-43.01%	96.38%	57.75%	246.3%	71.43%	0.0%	-30.77%	26.39%	35.85%	8.16%	25.64%
Total Long-Term Liabilities	$1.615B	$1.704B	$1.514B	$1.434B	$424.3M	$377.4M	$6.300M	$6.600M	$24.10M	$15.50M	$29.90M	$18.00M	$3.900M
YoY Change	-5.22%	12.55%	5.58%	238.04%	12.43%	5890.48%	-4.55%	-72.61%	55.48%	-48.16%	66.11%	361.54%
Total Liabilities	$2.248B	$2.357B	$2.041B	$1.872B	$705.0M	$576.7M	$131.5M	$122.6M	$104.7M	$91.80M	$81.70M	$63.30M	$25.90M
YoY Change	-4.62%	15.5%	8.98%	165.59%	22.25%	338.56%	7.26%	17.1%	14.05%	12.36%	29.07%	144.4%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019
Basic Shares Outstanding	94.91M shares	95.24M shares	91.74M shares	88.68M shares	83.13M shares
Diluted Shares Outstanding	94.91M shares	95.24M shares	91.74M shares	88.68M shares	83.13M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $3.5982 Billion

About RingCentral, Inc.

RingCentral, Inc. engages in the provision of global enterprise cloud communications and collaboration solutions. The company is headquartered in Belmont California, California and currently employs 4,084 full-time employees. The company went IPO on 2013-09-27. The Company’s cloud-based business communications, collaboration, and customer engagement solutions function across multiple locations and devices, including smartphones, tablets, personal computers (PCs) and desk phones. The firm offers a fully integrated business communications platform, which includes cloud private branch exchanges (PBX), cloud contact center, video meetings and webinars, and events. Its product portfolio includes RingCentral MVP, Contact Center as a Service (CCaaS), RingCentral Video, RingCentral Events, and RingSense. RingCentral MVP is a unified Communications as a Service (UCaaS) platform, which includes team messaging, video meetings, and a cloud phone system. RingCentral Video is a video meeting solution with team messaging that enables smart video meetings, rooms solutions, and webinars.

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