Ringcentral, Inc. income statement
In fiscal 2025, Ringcentral, Inc. reported revenue of $2.52bn, up 4.8% on the year before, operating income of $121m (a 4.8% margin) and net income of $43.4m, or $0.48 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 79 | 115 | 161 | 220 | 296 | 380 | 504 | 674 | 903 | 1,184 | 1,595 | 1,988 | 2,202 | 2,400 | 2,515 | 2,621 |
| Cost of revenue | 33 | 45 | 62 | 77 | 87 | 92 | 121 | 157 | 231 | 324 | 448 | 642 | 664 | 706 | 723 | 729 |
| Gross profit | 46 | 70 | 99 | 143 | 209 | 288 | 382 | 516 | 672 | 860 | 1,146 | 1,347 | 1,538 | 1,695 | 1,792 | 1,892 |
| Research and development | 12 | 24 | 33 | 45 | 53 | 66 | 75 | 101 | 136 | 189 | 310 | 362 | 336 | 329 | 317 | 330 |
| Selling and marketing | 35 | 55 | 72 | 105 | 140 | 180 | 240 | 329 | 439 | 584 | 854 | 1,057 | 1,068 | 1,096 | 1,096 | 1,107 |
| General and administrative | 13 | 24 | 34 | 39 | 47 | 55 | 72 | 103 | 142 | 200 | 284 | 293 | 333 | 266 | 258 | 259 |
| Operating income | −14 | −34 | −41 | −45 | −31 | −13 | −5 | −16 | −46 | −113 | −302 | −649 | −199 | 3 | 121 | 197 |
| Interest expense | 0 | 2 | 5 | 2 | 1 | 1 | 0 | 16 | 21 | 49 | 64 | 5 | 36 | 65 | 60 | 64 |
| Income before tax | −14 | −35 | −46 | −48 | −33 | −16 | −4 | −26 | −57 | −82 | −374 | −874 | −157 | −47 | 56 | 132 |
| Income tax | 0 | 0 | −0 | 0 | −1 | 0 | 0 | 0 | −3 | 1 | 3 | 5 | 8 | 11 | 13 | −530 |
| Net income | −14 | −35 | −46 | −48 | −32 | −16 | −4 | −26 | −54 | −83 | −376 | −879 | −165 | −58 | 43 | 662 |
| Diluted EPS | −$0.32 | −$0.79 | −$0.69 | −$0.72 | −$0.46 | −$0.22 | −$0.06 | −$0.33 | −$0.64 | −$0.94 | −$4.10 | −$9.23 | −$1.74 | −$0.63 | $0.48 | $7.55 |
| Diluted shares (average) | 43m | 45m | 66m | 67m | 70m | 73m | 76m | 80m | 83m | 89m | 92m | 95m | 95m | 92m | 91m | 88m |
| EBITDA | −10 | −28 | −32 | −35 | −17 | 2 | 11 | 7 | −8 | −38 | −176 | −403 | 35 | 225 | 343 | 356 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 615 | 612 | 620 | 639 | 644 | 644 | 657 | 676 |
| Cost of revenue | 178 | 180 | 179 | 180 | 184 | 179 | 185 | 182 |
| Gross profit | 436 | 432 | 441 | 458 | 461 | 465 | 472 | 494 |
| Research and development | 85 | 82 | 78 | 80 | 78 | 82 | 83 | 88 |
| Selling and marketing | 277 | 275 | 264 | 282 | 276 | 273 | 275 | 283 |
| General and administrative | 59 | 64 | 63 | 66 | 65 | 60 | 64 | 69 |
| Operating income | 16 | 10 | 37 | 31 | 42 | 50 | 50 | 54 |
| Interest expense | 16 | 16 | 16 | 14 | 14 | 15 | 19 | 17 |
| Income before tax | 2 | −4 | 16 | 17 | 28 | 34 | 42 | 28 |
| Income tax | 9 | 6 | 2 | −1 | 5 | 3 | 3 | −542 |
| Net income | −7 | −10 | 13 | 18 | 23 | 31 | 39 | 570 |
| Diluted EPS | −$0.08 | −$0.11 | $0.14 | $0.19 | $0.26 | $0.35 | $0.45 | $6.50 |
| EBITDA | 71 | 65 | 59 | 53 | 99 | 107 | 73 | 77 |
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