RingCentral (RNG) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
2.4B
Gross Profit
1.7B
70.61%
Operating Income
2.7M
0.11%
Net Income
-58.3M
-2.43%
EPS (Diluted)
-$0.63
Balance Sheet Metrics
Total Assets
1.8B
Total Liabilities
2.3B
Shareholders Equity
-550.9M
Cash Flow Metrics
Operating Cash Flow
471.5M
Free Cash Flow
400.2M
Revenue & Profitability Trend
RingCentral Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 2.4B | 2.2B | 2.0B | 1.6B | 1.2B |
| Cost of Goods Sold | 705.5M | 664.3M | 641.7M | 448.4M | 323.6M |
| Gross Profit | 1.7B | 1.5B | 1.3B | 1.1B | 860.0M |
| Operating Expenses | 1.7B | 1.7B | 1.7B | 1.4B | 973.3M |
| Operating Income | 2.7M | -198.8M | -365.8M | -301.8M | -113.2M |
| Pre-tax Income | -47.2M | -156.8M | -874.1M | -373.7M | -82.1M |
| Income Tax | 11.1M | 8.4M | 5.1M | 2.5M | 934.0K |
| Net Income | -58.3M | -165.2M | -879.2M | -376.2M | -83.0M |
| EPS (Diluted) | -$0.63 | -$1.74 | -$9.23 | -$4.10 | -$0.94 |
Income Statement Trend
RingCentral Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 871.1M | 848.6M | 796.0M | 650.7M | 926.1M |
| Non-Current Assets | 908.8M | 1.1B | 1.3B | 1.9B | 1.3B |
| Total Assets | 1.8B | 1.9B | 2.1B | 2.6B | 2.2B |
| Liabilities | |||||
| Current Liabilities | 748.8M | 632.5M | 652.6M | 526.3M | 438.1M |
| Non-Current Liabilities | 1.6B | 1.8B | 1.9B | 1.7B | 1.4B |
| Total Liabilities | 2.3B | 2.4B | 2.6B | 2.2B | 1.9B |
| Equity | |||||
| Total Shareholders Equity | -550.9M | -502.6M | -482.8M | 339.0M | 312.2M |
Balance Sheet Composition
RingCentral Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | -58.3M | -165.2M | -879.2M | -376.2M | -83.0M |
| Operating Cash Flow | 471.5M | 400.6M | -440.1M | 26.0M | -45.2M |
| Investing Activities | |||||
| Capital Expenditures | -25.0M | -23.5M | -32.7M | -29.0M | -43.6M |
| Investing Cash Flow | -51.3M | -38.2M | -29.5M | -40.8M | -43.6M |
| Financing Activities | |||||
| Dividends Paid | - | - | - | - | - |
| Financing Cash Flow | -367.8M | -384.7M | -114.1M | -163.8M | 396.4M |
| Free Cash Flow | 400.2M | 323.9M | 100.9M | -244.7M | -142.9M |
Cash Flow Trend
RingCentral Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
-43.54
Forward P/E
6.28
Price to Book
-4.61
Price to Sales
0.99
PEG Ratio
6.28
Profitability Ratios
Profit Margin
-1.65%
Operating Margin
2.85%
Return on Equity
10.58%
Return on Assets
1.35%
Financial Health
Current Ratio
0.65
Debt to Equity
-2.60
Beta
1.27
Per Share Data
EPS (TTM)
-$0.43
Book Value per Share
-$5.98
Revenue per Share
$26.52
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| rng | 2.4B | -43.54 | -4.61 | 10.58% | -1.65% | -2.60 |
| Salesforce | 251.8B | 41.22 | 4.16 | 10.31% | 16.08% | 19.81 |
| Intuit | 211.8B | 61.82 | 10.53 | 17.84% | 19.07% | 0.35 |
| Qxo | 14.1B | 21.67 | 2.19 | 1.44% | 65.40% | 0.01 |
| Descartes Systems | 8.7B | 61.07 | 5.95 | 10.66% | 21.67% | 0.55 |
| Altair Engineering | 9.6B | 699.06 | 11.17 | 1.81% | 2.13% | 30.23 |
Financial data is updated regularly. All figures are in the company's reporting currency.