Zacks Investment Research·Jun 25, 2026
RingCentral Strengthens AI Leadership With AIR Pro ExpansionRNG's AI push gains momentum with expanded agentic AI capabilities, rising customer adoption and strategic partnerships that support growth.
RingCentral, Inc.(RNG)Earnings, Financials & Key Ratios
RNG•NYSE
$40.99
85.4× P/E·Price updated Jul 2, 2026
AboutRingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect in North America. The company offers business cloud communications and contact center solutions based on its Message Video Phone? platform. Its products include RingCentral Office that provides communication and collaboration across various modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax; RingCentral Contact Center, a collaborative contact center solution that delivers omni-channel; and RingCentral Engage Digital, a digital customer engagement platform that allows enterprises to interact with their customers. The company's products also comprise RingCentral Engage Voice, a cloud-based outbound/blended customer engagement platform for midsize and enterprise companies; RingCentral Video, a video meeting service which includes our RCV video and team messaging capabilities and offers video and audio conferencing, file sharing, contact, task, and calendar management. In addition, it offers RingCentral Professional, a cloud based virtual telephone service that provides inbound call answering and management services for professionals; and RingCentral Fax that provides online fax capabilities. The company serves a range of industries, including financial services, education, healthcare, legal services, real estate, retail, technology, insurance, construction, hospitality, and state and local government, as well as others. It sells its products through a network of direct sales representatives, as well as sales agents, resellers, and channel partners. RingCentral, Inc. has strategic partnerships with Alcatel-Lucent Enterprise; and Vodafone Business. The company was incorporated in 1999 and is headquartered in Belmont, California.Show more
- Revenue$2.52B+4.8%
- EBITDA$391M+73.6%
- Net Income$43M+174.4%
- EPS (Diluted)0.48+176.2%
- Gross Margin71.21%+0.9%
- EBITDA Margin15.55%+65.7%
- Operating Margin5.02%+4413.3%
- Net Margin1.73%+171.0%
RNG Price & Volume
RingCentral, Inc. (RNG) stock price & volume — 10-year historical chart
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Stagnant Growth Masks Persistent Negative Equity Risks
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Decelerating
Profitability:Strained
Financial:Strained
Cash Flow:Improving
Primary Risk:High Customer Acquisition Costs
Key Thesis Takeaways
- RingCentral has transitioned into a mature, low-growth utility facing intense competitive pressure from bundled collaboration platforms, which has constrained revenue expansion to just 5.3% as of 2026Q1.
- While the company has successfully improved its free cash flow margin to 24.4%, this progress is undermined by a precarious balance sheet featuring $1.4 billion in total debt and a persistent negative equity position of $609.3 million.
- Investors should remain cautious as the company relies heavily on aggressive share repurchases to offset the dilutive impact of stock-based compensation that frequently exceeds $60 million per quarter.
Verdict Logic
Negative: The company's reliance on debt to fund operations and the persistent negative equity of $609.3 million suggest significant long-term solvency risks despite recent improvements in free cash flow.
RNG Growth Metrics
RingCentral, Inc. (RNG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years23.85%
5 Years16.27%
3 Years8.15%
TTM4.9%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM310.2%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM315.84%
Return on Capital
10 Years-10.1%
5 Years-9.62%
3 Years1.73%
Last Year19.51%
RNG Recent Earnings
RingCentral, Inc. (RNG) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$1.20+2.6%
$1.17
Rev
$644M+0.2%
$643M
Q1 2026
Feb 19, 2026Metric
Actual
Est
EPS
$1.18+3.5%
$1.14
Rev
$644M+0.1%
$644M
Q4 2025
Nov 3, 2025Metric
Actual
Est
EPS
$1.13+4.6%
$1.08
Rev
$639M-0.8%
$644M
Q3 2025
Aug 5, 2025Metric
Actual
Est
EPS
$1.06+3.9%
$1.02
Rev
$620M-2.4%
$635M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $1.20vs $1.17+2.6% | $644Mvs $643M+0.2% |
| Q1 2026 | Feb 19, 2026 | $1.18vs $1.14+3.5% | $644Mvs $644M+0.1% |
| Q4 2025 | Nov 3, 2025 | $1.13vs $1.08+4.6% | $639Mvs $644M-0.8% |
| Q3 2025 | Aug 5, 2025 | $1.06vs $1.02+3.9% | $620Mvs $635M-2.4% |
Based on last 12 quarters of dataView full earnings history →
Latest RNG News
Recent stock market news and headlines for RingCentral, Inc. (RNG)
Zacks Investment Research·Jun 25, 2026
RingCentral (RNG) is a Top-Ranked Value Stock: Should You Buy?Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Business Wire·Jun 23, 2026
RingCentral Expands AIR Pro to Deliver Agentic AI Capabilities Across Customer Engagement PortfolioLAS VEGAS--(BUSINESS WIRE)--RingCentral, Inc. (NYSE: RNG) today announced the expansion of AIR Pro™ to deliver agentic AI capabilities across the RingCentral customer engagement portfolio. The expansion includes new capabilities within RingCX™ that help businesses with end-to-end customer resolution, automated outreach, and intelligent hand-offs. These enhancements also strengthen how customer context is captured and carried within RingCX. When a conversation transfers to a live agent, that age.
Business Wire·Jun 23, 2026
Clean Energy Appoints Bart Frabotta as Chief Operating OfficerNEWPORT BEACH, Calif.--(BUSINESS WIRE)--Clean Energy Fuels Corp. (NASDAQ: CLNE), the country's leading provider of renewable natural gas (RNG) for the transportation market, today announced the appointment of Bart Frabotta as Chief Operating Officer (COO). Frabotta will oversee Clean Energy's operations division and will also become one of the company's named executive officers. Frabotta joined Clean Energy in 2010 and has served as Group Vice President of Operations since 2021. He has over 20.
Zacks Investment Research·Jun 17, 2026
Here's Why RingCentral (RNG) is a Strong Growth StockWondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Peers Comparison
Key metrics vs top competitors for RingCentral, Inc. (RNG)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $40.99 | $3.6B | 85.40 | 4.78% | 1.73% | — | — | |
| $1.83 | $258.38M | 183.00 | 2.89% | 0.22% | 1.2% | — | |
| $63.79 | $2.04B | -148.35 | 0.71% | 1.96% | 4.04% | — | |
| $7.15 | $7.36B | -4.09 | -5.39% | -14.34% | -79.42% | — | |
| $23.24 | $1.78B | 50.52 | 10.28% | 4.87% | 7.37% | — | |
| $94.83 | $5.75B | 9.81 | 7.68% | 17.58% | 13.98% | — |
Compare RNG vs Peers
RingCentral, Inc. (RNG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
RNG SEC Filings & Documents
RingCentral, Inc. (RNG) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 7, 2026·SEC
Material company update
Feb 19, 2026·SEC
Material company update
Jan 5, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
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RNG Frequently Asked Questions
RingCentral, Inc. (RNG) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is RingCentral, Inc.'s revenue?
RingCentral, Inc. (RNG) reported $2.55B in revenue for fiscal year 2025. This represents a 3129% increase from $78.9M in 2011.
How fast is RingCentral, Inc. growing?
RingCentral, Inc. (RNG) grew revenue by 4.8% over the past year. Growth has been modest.
Is RNG profitable?
Yes, RingCentral, Inc. (RNG) is profitable, generating $84.3M in net income for fiscal year 2025 (1.7% net margin).
Dividend & Returns
What is RingCentral, Inc.'s free cash flow?
RingCentral, Inc. (RNG) generated $663.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.