RNGNYSEServices-Computer Processing & Data PreparationFiscal year ends December 31
RingCentral, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 23, 2026
$79.19+3.75 (+4.97%)
Close on Oct 19, 2026
- Market cap
- $6.86B
- P/E (TTM)
- 63.4
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
71.2%−1.4 pts over 5 years
Operating margin
4.8%+14.4 pts over 5 years
Net margin
1.7%+8.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +4.8% | +8.1% | +16.3% | +23.8% | |
| Gross profit | +5.7% | +10.0% | +15.8% | +24.0% | |
| Operating income | +4415.0% | – | – | – | |
| Free cash flow | +28.2% | +54.7% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -11.8% | -15.7% | -7.6% | |
| Return on assets | -6.9% | -4.6% | 2.7% | |
| Current ratio | 1.78 | 2.11 | 0.63 | |
| Debt to equity | 0.09 | – | -2.13 | |
| Net debt to EBITDA | -81.07× | – | 3.27× | |
| Interest coverage | -17.2× | -2.3× | 2.0× | |
| Inventory turnover | 77.5× | 679.8× | 666.0× | |
| Capex to revenue | 3.7% | 3.7% | 1.2% | |
| Diluted shares | 73M | 89M | 91M |
Where the cash went
Fiscal 2021 to 2025, five years combined
RingCentral generated $1.84B from operations and spent $1.21B on capital expenditure, dividends and share buybacks. 12% of that went back into the business.
Generated
$1.84B
Used
$1.21B
Capital expenditure$140.28M12%Dividends$00%Share buybacks$1.07B88%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin1.7%
×Asset turnover1.54×
×Equity multiplier-2.86×
=Return on equity, FY2025-7.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 1.7% | 1.54× | -2.86× | -7.6% |
| FY2024 | -2.4% | 1.29× | -3.54× | 11.1% |
| FY2023 | -7.5% | 1.10× | -4.08× | 33.5% |
| FY2022 | -44.2% | 0.85× | -32.35× | 1222.6% |
| FY2021 | -23.6% | 0.67× | 7.36× | -116.2% |
| FY2020 | -7.0% | 0.65× | 3.45× | -15.7% |
| FY2019 | -5.9% | 0.77× | 2.21× | -10.1% |
| FY2018 | -3.9% | 1.07× | 2.30× | -9.6% |
| FY2017 | -0.8% | 1.64× | 1.56× | -2.1% |
| FY2016 | -4.3% | 1.63× | 1.70× | -11.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$43.39M
- Cash generatingOperating cash flow above zero$617.43M
- Return on assets improvedROA up on the prior year-3.0% → 2.4%
- Earnings backed by cashOperating cash flow above net income$617.43M vs $43.39M
- Less leverageLong-term debt to assets fell75.7% → 42.5%
- Better liquidityCurrent ratio rose1.16 → 0.63
- No dilutionShare count did not rise92M → 91M
- Gross margin improvedGross margin up on the prior year70.61% → 71.24%
- More efficientAsset turnover rose1.23 → 1.41