RingCentral, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $2.5B | $2.4B | $2.2B | $2.0B | $1.6B |
| Cost of revenue | $723.2M | $705.5M | $664.3M | $641.7M | $448.4M |
| Gross profit | $1.8B | $1.7B | $1.5B | $1.3B | $1.1B |
| Research and development | $317.0M | $329.3M | $335.9M | $362.3M | $309.7M |
| Operating expenses | $1.7B | $1.7B | $1.7B | $2.0B | $1.4B |
| Operating income | $120.6M | $2.7M | -$198.8M | -$649.5M | -$301.8M |
| Interest expense | $60.3M | $65.0M | $36.0M | $4.8M | $64.4M |
| Pretax income | $56.2M | -$47.2M | -$156.8M | -$874.1M | -$373.7M |
| Income tax expense | $12.8M | $11.1M | $8.4M | $5.1M | $2.5M |
| Net income | $43.4M | -$58.3M | -$165.2M | -$879.2M | -$376.2M |
| Balance Sheet | |||||
| Cash and equivalents | $132.6M | $242.8M | $222.2M | $270.0M | $267.2M |
| Current assets | $765.2M | $871.1M | $848.6M | $796.0M | $650.7M |
| Total assets | $1.5B | $1.8B | $1.9B | $2.1B | $2.6B |
| Current liabilities | $1.2B | $748.8M | $632.5M | $652.6M | $526.3M |
| Total liabilities | $1.9B | $2.1B | $2.2B | $2.4B | $2.0B |
| Total debt | $1.3B | $1.5B | $1.6B | $1.6B | — |
| Stockholders' equity | -$588.1M | -$550.9M | -$502.6M | -$482.8M | $339.0M |
| Cash Flow Statement | |||||
| Cash from operations | $617.4M | $483.3M | $399.7M | $191.3M | $152.2M |
| Depreciation and amortization | $87.2M | $86.1M | $82.9M | $72.0M | $58.9M |
| Stock-based compensation | $269.7M | $339.1M | $426.7M | $386.0M | $358.0M |
| Capital expenditure | $30.1M | $25.0M | $23.5M | $32.7M | $29.0M |
| Free cash flow | $587.3M | $458.3M | $376.1M | $158.6M | $123.2M |
| Share repurchases | $334.4M | $322.4M | $311.1M | $99.8M | $0 |
| Impairments | $11.4M | $0 | $0 | $305.4M | $0 |
Shares outstanding 83.9M · Free float 83.5%
Annual filing data through FY ended December 31, 2025; float as of July 13, 2026.