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RingCentral Inc

ringcentral.com

RingCentral Inc (NYSE: RNG) is a cloud business communications company that provides Unified Communications as a Service (UCaaS) and Contact Center as a Service (CCaaS) solutions to businesses. Revenue comes primarily from recurring subscriptions, which accounted for over 90% of total revenues in both FY2025 and FY2024, with the remainder from product sales of pre-configured phones and professional services. Subscription plans are offered at varying rates by functionality, user count, and contract term (monthly, annual, or multi-year). The company has operated for 26 years and lists on the New York Stock Exchange. Its main products are RingEX (unified communications), RingCentral Contact Center (powered by NICE Ltd. technology), RingCX (native CCaaS), and RingCentral Events. As of December 31, 2025, RingCentral had 7,378 personnel. Competitors include Microsoft, Zoom, Cisco, 8x8, Avaya, Amazon, and Twilio, among others. Sales run through direct inbound and outbound channels as well as indirect channels including resellers, distributors, and global service providers.

Products & Services

RingEX (UCaaS platform with voice, video meetings, messaging, SMS, fax, analytics, and APIs); RingCentral Contact Center (CCaaS built on NICE Ltd. technology, omnichannel across 30+ digital and voice channels); RingCX (native next-generation CCaaS with CRM integrations, predictive dialing, and AI-powered engagement); RingCentral for Microsoft Teams (embedded enterprise phone and customer experience in Teams); RingCentral Events (virtual and hybrid event hosting platform). AI-led products are also offered on a usage-based pricing model.

Revenue Model

Subscription-based recurring revenue, comprising over 90% of total revenues in FY2025 and FY2024, priced by product tier, feature set, and number of users. Plans carry monthly, annual, or multi-year terms. Non-subscription revenue includes product sales of pre-configured phones and professional services fees.

Customers & Markets

Businesses of varying sizes seeking cloud-based replacements for on-premises communications systems. Customers are acquired through direct sales and indirect channels including global resellers, distributors, strategic partners, and service providers. No customer concentration figures disclosed in the excerpts.

Geographic Exposure

Primary operations and data center infrastructure in the United States with international data center presence. Direct sales representatives located in the U.S. and internationally. Global indirect sales network of resellers, distributors, and service providers. Specific revenue split by geography not disclosed in the excerpts.

Financial Snapshot

Revenue
TTM
$2.547B
Gross Margin
TTM
71.65%
Net Income
TTM
$84.34M
Current Assets
2026 Q1
Current Liabilities
2026 Q1
Current Ratio
2026 Q1
114.55%
Total Assets
2026 Q1
Total Liabilities
2026 Q1
Book Value
2026 Q1
-$409.9M
Cash
2026 Q1
P/E
TTM
41.53
Free Cash Flow
TTM
$557.5M

Stock Price

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Market Cap: $3.5028 Billion

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