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About

RingCentral, Inc., an agentic voice AI–powered cloud business communication services provider, delivering an integrated platform for business phone, SMS, contact center, workforce engagement management, video collaboration, and messaging. The company's products include RingEX, a AI-powered unified communications as a service platform for collaboration across voice, messaging, and video; RingCentral Contact Center, a contact center solution that delivers AI-powered omni-channel and workforce engagement solutions; RingCentral Customer Engagement Bundle, a comprehensive solution that includes phone, messaging, and SMS for businesses; and RingCX, a contact center as a service solution for AI-powered customer engagement with CRM integrations. It also offers artificial intelligence (AI) solutions, such as AI Receptionist, a voice AI agent that automates and handles inbound communication; AI Virtual Assistant, which provides real time call and meeting summaries, capturing key points, open questions and action items; AI-based Quality Management, an automated conversation evaluation platform to identify compliance risks, coaching opportunities, and performance insights; AI Agent Assist, a real-time AI guidance for agents; AI Supervisor Assist, a real-time AI insights and recommendations for supervisors; and RingCentral Events, a virtual and hybrid events platform for multi-session conferences, branded experiences, registration, and attendee networking with AI-powered engagement tools. It serves a range of industries, including healthcare, financial and professional services, retail, state and local government, education, legal services, real estate, technology, insurance, construction and hospitality, and others. The company sells its products to enterprise customers, and small and medium-sized businesses through resellers and distributors, partners, and global service providers. RingCentral, Inc. was incorporated in 1999 and is headquartered in Belmont, California.

Fundamentals
Scroll to Statements
Sector Technology Industry Software - Application Market Cap 3.58B
Enterprise Value 4.88B Income 43.39M Sales 2.52B
Book/sh -6.90 Cash/sh 1.58 Dividend Yield 72.00%
Payout 0.00% Employees 7378 IPO —
P/E 87.17 Forward P/E 7.92 PEG —
P/S 1.42 P/B -6.06 P/C —
EV/EBITDA 13.65 EV/Sales 1.94 Quick Ratio 0.42
Current Ratio 0.63 Debt/Eq — LT Debt/Eq —
EPS (ttm) 0.48 EPS next Y 5.28 EPS Growth —
Revenue Growth 4.80% Earnings 2026-05-07 ROA 5.16%
ROE — ROIC — Gross Margin 71.25%
Oper. Margin 6.83% Profit Margin 1.73% Shs Outstand 74.27M
Shs Float 73.24M Short Float 20.42% Short Ratio 4.24
Short Interest — 52W High 42.42 52W Low 20.59
Beta 1.21 Avg Volume 2.38M Volume 2.51M
Target Price $35.70 Recom None Prev Close $41.95
Price $41.84 Change -0.25%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$35.70
Mean price target
2. Current target
$41.84
Latest analyst target
3. DCF / Fair value
$155.44
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$41.84
Low
$29.00
High
$50.00
Mean
$35.70

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-23 main Baird Neutral → Neutral $34
2026-02-23 main Piper Sandler Neutral → Neutral $37
2026-02-20 main Mizuho Neutral → Neutral $32
2026-02-20 main Rosenblatt Buy → Buy $38
2026-01-15 main Morgan Stanley Equal-Weight → Equal-Weight $30
2025-11-06 main Rosenblatt Buy → Buy $32
2025-11-04 main Morgan Stanley Equal-Weight → Equal-Weight $31
2025-11-04 main Rosenblatt Buy → Buy $32
2025-10-01 init Wells Fargo — → Equal-Weight $32
2025-08-06 main Jefferies Hold → Hold $29
2025-08-06 main UBS Neutral → Neutral $32
2025-08-06 up Oppenheimer Perform → Outperform $35
2025-06-06 init Keybanc — → Sector Weight —
2025-05-19 main Rosenblatt Buy → Buy $32
2025-05-12 main Mizuho Neutral → Neutral $27
2025-05-09 main UBS Neutral → Neutral $33
2025-05-09 main Wedbush Neutral → Neutral $30
2025-05-09 main Rosenblatt Buy → Buy $32
2025-05-09 main Raymond James Outperform → Outperform $35
2025-05-09 main Piper Sandler Neutral → Neutral $28
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 3723 134563 — Sale at price 35.44 - 36.44 per share. ARORA TARUN Officer — 2026-03-03 00:00:00 D
1 18680 678607 — Sale at price 36.33 per share. AGARWAL VAIBHAV Chief Financial Officer — 2026-03-02 00:00:00 D
2 3514 126916 — Sale at price 36.10 - 36.84 per share. SHENKAN AMY GUGGENHEIM Director — 2026-03-02 00:00:00 D
3 22196 780279 — Sale at price 35.15 - 36.00 per share. MAKAGON KIRA President — 2026-02-27 00:00:00 D
4 773 26900 — Sale at price 34.80 per share. ARORA TARUN Officer — 2026-02-26 00:00:00 D
5 141115 5007176 — Sale at price 34.42 - 39.34 per share. SHMUNIS VLADIMIR G Chief Executive Officer — 2026-02-24 00:00:00 D
6 10744 381372 — Sale at price 34.44 - 39.24 per share. AGARWAL VAIBHAV Chief Financial Officer — 2026-02-23 00:00:00 D
7 4131 — — Stock Award(Grant) at price 0.00 per share. SHMUNIS VLADIMIR G Chief Executive Officer — 2026-02-20 00:00:00 D
8 3718 — — Stock Award(Grant) at price 0.00 per share. MARLOW JOHN H General Counsel — 2026-02-20 00:00:00 D
9 46960 1666610 — Sale at price 35.49 per share. MAKAGON KIRA President — 2026-02-20 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems0.000.000.00-59.57M
TaxRateForCalcs0.230.210.210.21
NormalizedEBITDA339.12M240.38M113.09M-339.00M
TotalUnusualItems0.000.00-283.69M0.00
TotalUnusualItemsExcludingGoodwill0.000.00-283.69M0.00
NetIncomeFromContinuingOperationNetMinorityInterest43.39M-58.29M-165.24M-879.17M
ReconciledDepreciation222.60M222.61M233.94M246.56M
ReconciledCostOfRevenue723.23M705.51M664.29M641.73M
EBITDA339.12M240.38M113.09M-622.68M
EBIT116.52M17.77M-120.85M-869.25M
NetInterestIncome-60.28M-65.00M-36.00M-4.81M
InterestExpense60.28M65.00M36.00M4.81M
NormalizedIncome43.39M-58.29M-165.24M-655.05M
NetIncomeFromContinuingAndDiscontinuedOperation43.39M-58.29M-165.24M-879.17M
TotalExpenses2.39B2.40B2.40B2.35B
TotalOperatingIncomeAsReported120.55M2.67M-198.81M-649.48M
DilutedAverageShares91.21M92.11M94.91M95.24M
BasicAverageShares89.48M92.11M94.91M95.24M
DilutedEPS0.48-0.63-1.74-9.23
BasicEPS0.48-0.63-1.74-9.23
DilutedNIAvailtoComStockholders43.39M-58.29M-165.24M-879.17M
NetIncomeCommonStockholders43.39M-58.29M-165.24M-879.17M
NetIncome43.39M-58.29M-165.24M-879.17M
NetIncomeIncludingNoncontrollingInterests43.39M-58.29M-165.24M-879.17M
NetIncomeContinuousOperations43.39M-58.29M-165.24M-879.17M
TaxProvision12.85M11.06M8.39M5.11M
PretaxIncome56.24M-47.23M-156.84M-874.05M
OtherIncomeExpense-4.04M15.10M77.96M-503.46M
OtherNonOperatingIncomeExpenses-4.04M15.10M77.96M-219.77M
SpecialIncomeCharges0.000.00-283.69M0.00
WriteOff0.000.00283.69M0.00
NetNonOperatingInterestIncomeExpense-60.28M-65.00M-36.00M-4.81M
InterestExpenseNonOperating60.28M65.00M36.00M4.81M
OperatingIncome120.55M2.67M-198.81M-365.79M
OperatingExpense1.67B1.69B1.74B1.71B
ResearchAndDevelopment316.99M329.32M335.85M362.26M
SellingGeneralAndAdministration1.35B1.36B1.40B1.35B
SellingAndMarketingExpense1.10B1.10B1.07B1.06B
GeneralAndAdministrativeExpense258.42M266.45M333.05M292.90M
OtherGandA258.42M266.45M333.05M292.90M
GrossProfit1.79B1.69B1.54B1.35B
CostOfRevenue723.23M705.51M664.29M641.73M
TotalRevenue2.52B2.40B2.20B1.99B
OperatingRevenue2.43B2.30B2.10B1.89B
Line Item2023-12-31
TreasurySharesNumber0.00
OrdinarySharesNumber85.20M90.72M93.47M95.39M
ShareIssued85.20M90.72M93.47M95.39M
NetDebt1.12B1.29B1.32B1.37B
TotalDebt1.29B1.58B1.59B1.68B
TangibleBookValue-821.32M-892.43M-963.71M-1.07B
InvestedCapital665.68M978.21M1.04B1.16B
WorkingCapital-453.49M122.32M216.10M143.46M
NetTangibleAssets-821.32M-892.43M-963.71M-1.07B
CapitalLeaseObligations35.66M50.18M44.88M37.70M
CommonStockEquity-588.12M-550.92M-502.57M-482.79M
TotalCapitalization41.46M796.96M1.02B1.16B
TotalEquityGrossMinorityInterest-588.12M-550.92M-502.57M-482.79M
StockholdersEquity-588.12M-550.92M-502.57M-482.79M
GainsLossesNotAffectingRetainedEarnings2.46M-8.88M-8.22M-8.78M
OtherEquityAdjustments2.46M-8.88M-8.22M-8.78M
RetainedEarnings-1.71B-1.76B-1.70B-1.53B
AdditionalPaidInCapital1.12B1.22B1.20B1.06B
CapitalStock9.00K9.00K9.00K10.00K
CommonStock9.00K9.00K9.00K10.00K
TotalLiabilitiesNetMinorityInterest2.07B2.33B2.45B2.56B
TotalNonCurrentLiabilitiesNetMinorityInterest850.93M1.58B1.81B1.90B
OtherNonCurrentLiabilities7.53M4.93M61.83M45.85M
PreferredSecuritiesOutsideStockEquity199.45M199.45M199.45M199.45M
LongTermDebtAndCapitalLeaseObligation643.95M1.38B1.55B1.66B
LongTermCapitalLeaseObligation14.37M29.73M28.18M20.18M
LongTermDebt629.58M1.35B1.53B1.64B
CurrentLiabilities1.22B748.80M632.55M652.56M
CurrentDeferredLiabilities269.12M261.88M233.62M209.72M
CurrentDeferredRevenue269.12M261.88M233.62M209.72M
CurrentDebtAndCapitalLeaseObligation645.51M201.70M36.71M17.51M
CurrentCapitalLeaseObligation21.29M20.45M16.71M17.51M
CurrentDebt624.22M181.25M20.00M
OtherCurrentBorrowings624.22M181.25M20.00M
PensionandOtherPostRetirementBenefitPlansCurrent54.72M47.41M63.01M53.42M
PayablesAndAccruedExpenses249.30M237.81M299.21M371.90M
CurrentAccruedExpenses167.44M160.24M202.12M271.35M
Payables81.86M77.56M97.09M100.56M
TotalTaxPayable54.18M55.70M43.80M37.84M
AccountsPayable27.68M21.87M53.30M62.72M
TotalAssets1.48B1.78B1.94B2.07B
TotalNonCurrentAssets716.30M908.75M1.10B1.28B
OtherNonCurrentAssets13.17M14.93M12.02M35.85M
NonCurrentDeferredAssets252.50M325.20M395.72M438.58M
InvestmentsAndAdvances4.56M210.44M
GoodwillAndOtherIntangibleAssets233.20M341.51M461.14M582.39M
OtherIntangibleAssets135.41M258.53M393.77M528.05M
Goodwill97.79M82.99M67.37M54.34M
NetPPE217.43M227.11M227.38M220.83M
AccumulatedDepreciation-484.95M-408.59M-333.39M-258.80M
GrossPPE702.37M635.70M560.77M479.63M
Leases10.04M12.37M14.37M13.89M
ConstructionInProgress377.79M314.94M255.65M199.64M
OtherProperties30.86M46.46M42.99M35.43M
MachineryFurnitureEquipment283.69M261.93M247.77M230.66M
Properties0.000.000.000.00
CurrentAssets765.16M871.12M848.65M796.02M
OtherCurrentAssets37.12M18.34M43.46M31.33M
CurrentDeferredAssets167.30M182.62M184.62M158.87M
PrepaidAssets43.14M39.86M32.44M23.31M
Inventory929.00K1.24M1.49M1.21M
Receivables384.10M386.25M364.44M311.32M
ReceivablesAdjustmentsAllowances-18.09M-15.13M-12.47M-9.58M
OtherReceivables98.94M100.58M96.37M78.25M
AccountsReceivable303.26M300.81M280.54M242.65M
CashCashEquivalentsAndShortTermInvestments132.56M242.81M222.19M269.98M
CashAndCashEquivalents132.56M242.81M222.19M269.98M
CashEquivalents5.42M114.50M108.46M181.83M
CashFinancial127.14M128.31M113.73M88.15M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow530.21M400.21M323.92M100.87M
RepurchaseOfCapitalStock-334.45M-322.36M-311.09M-99.79M
RepaymentOfDebt-282.98M-20.00M-830.96M0.00
IssuanceOfDebt0.000.00785.75M0.00
IssuanceOfCapitalStock0.00199.45M
CapitalExpenditure-87.21M-83.07M-75.74M-90.43M
InterestPaidSupplementalData54.02M59.05M16.63M347.00K
IncomeTaxPaidSupplementalData12.44M17.75M10.94M3.73M
EndCashPosition132.56M242.81M222.19M269.98M
BeginningCashPosition242.81M222.19M269.98M267.16M
EffectOfExchangeRateChanges3.71M-2.22M1.02M-3.06M
ChangesInCash-113.96M22.84M-48.80M5.88M
FinancingCashFlow-623.42M-351.08M-358.02M-98.22M
CashFlowFromContinuingFinancingActivities-623.42M-351.08M-358.02M-98.22M
NetOtherFinancingCharges-20.71M-25.42M-18.41M-14.28M
ProceedsFromStockOptionExercised14.72M16.69M16.69M15.86M
NetPreferredStockIssuance0.00199.45M
PreferredStockIssuance0.00199.45M
NetCommonStockIssuance-334.45M-322.36M-311.09M-99.79M
CommonStockPayments-334.45M-322.36M-311.09M-99.79M
NetIssuancePaymentsOfDebt-282.98M-20.00M-45.21M0.00
NetShortTermDebtIssuance-10.00M0.000.00
ShortTermDebtPayments-10.00M0.000.00
NetLongTermDebtIssuance-282.98M-20.00M-45.21M0.00
LongTermDebtPayments-282.98M-20.00M-830.96M0.00
LongTermDebtIssuance0.000.00785.75M0.00
InvestingCashFlow-107.97M-109.36M-90.45M-87.21M
CashFlowFromContinuingInvestingActivities-107.97M-109.36M-90.45M-87.21M
NetInvestmentPurchaseAndSale0.000.003.22M0.00
SaleOfInvestment0.000.003.22M0.00
PurchaseOfInvestment-11.88M
NetBusinessPurchaseAndSale-20.75M-26.29M-14.71M0.00
PurchaseOfBusiness-20.75M-26.29M-14.71M0.00
NetIntangiblesPurchaseAndSale0.00-2.54M0.00-3.99M
PurchaseOfIntangibles0.00-2.54M0.00-3.99M
NetPPEPurchaseAndSale-30.10M-24.99M-23.51M-32.71M
PurchaseOfPPE-30.10M-24.99M-23.51M-32.71M
CapitalExpenditureReported-57.11M-55.53M-52.23M-53.73M
OperatingCashFlow617.43M483.28M399.66M191.31M
CashFlowFromContinuingOperatingActivities617.43M483.28M399.66M191.31M
ChangeInWorkingCapital-146.83M-207.89M-215.33M-224.19M
ChangeInOtherWorkingCapital-104.82M-111.14M-139.05M-202.59M
ChangeInOtherCurrentLiabilities-23.80M-18.86M-20.84M-20.87M
ChangeInPayablesAndAccruedExpense14.56M-67.23M-12.11M83.31M
ChangeInAccruedExpense10.46M-37.43M9.10M89.47M
ChangeInPayable4.10M-29.79M-21.21M-6.17M
ChangeInAccountPayable4.10M-29.79M-21.21M-6.17M
ChangeInPrepaidAssets-18.96M19.81M14.49M3.81M
ChangeInReceivables-13.81M-30.48M-57.82M-87.84M
ChangesInAccountReceivables-13.81M-30.48M-57.82M-87.84M
OtherNonCashItems169.91M158.40M144.19M123.98M
StockBasedCompensation269.66M339.06M426.68M386.01M
UnrealizedGainLossOnInvestmentSecurities0.000.001.51M203.48M
ProvisionandWriteOffofAssets17.47M8.67M6.85M9.37M
AssetImpairmentCharge11.44M0.000.00305.35M
DepreciationAmortizationDepletion222.60M222.61M233.94M246.56M
DepreciationAndAmortization222.60M222.61M233.94M246.56M
OperatingGainsLosses29.79M20.72M-32.93M19.91M
GainLossOnSaleOfPPE24.80M20.72M20.47M19.91M
NetIncomeFromContinuingOperations43.39M-58.29M-165.24M-879.17M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for RNG
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