RingCentral, Inc. (RNG) Stock Analysis
Technology · Software - Application · NYSE
RingCentral, Inc. (RNG) posted $2.52B in revenue for fiscal 2025 (up 4.8% year over year), at a 1.7% net margin, and has compounded revenue about 16.3%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on RingCentral, Inc.
RingCentral, Inc. has grown revenue from $380.44M to $2.52B over the last 10 fiscal years, compounding about 16.3% a year. The most recent year was up 4.8%, so growth has cooled from its longer-run pace.
Net margin sits at 1.7%, up 4.1 points year over year on a 71.2% gross margin. It carries about $629.58M of total debt.
At today's valuation the market is pricing in roughly -10.5% annual free-cash-flow growth.
Synthesised from RingCentral, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
RingCentral, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $380.44M | $503.62M | $673.62M | $902.86M | $1.18B | $1.59B | $1.99B | $2.20B | $2.40B | $2.52B |
| Gross profit | $288.23M | $382.35M | $516.50M | $671.82M | $860.05M | $1.15B | $1.35B | $1.54B | $1.69B | $1.79B |
| Net income | $-16.23M | $-4.20M | $-26.20M | $-53.61M | $-83.00M | $-376.25M | $-879.17M | $-165.24M | $-58.29M | $43.39M |
| Net margin | -4.3% | -0.8% | -3.9% | -5.9% | -7.0% | -23.6% | -44.2% | -7.5% | -2.4% | 1.7% |
Source: RingCentral, Inc. SEC filings (10-K). 15 years of history available in the interactive view.
RingCentral, Inc.: no obvious red flags in the filings
Our deterministic scan of the filed statements — receivables vs sales, earnings vs cash, dilution, leverage and margins — didn't flag anything. Ask about the risks →
What growth is priced into RNG stock?
At today's market cap of $3.27B, RingCentral, Inc. is priced for free-cash-flow growth of about -10.5% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $587.32M from the FY ending 2025-12-31). For comparison, revenue 16.3%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 15 years of RingCentral, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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RingCentral, Inc. financial history by metric
Compare RingCentral, Inc. with peers
About RingCentral, Inc.
RingCentral, Inc., an agentic voice AIpowered 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.
RingCentral, Inc. — frequently asked questions
What is RingCentral, Inc.'s revenue?
RingCentral, Inc. (RNG) reported revenue of $2.52B for fiscal year 2025, up 4.8% from the prior year, according to its SEC filings.
Is RingCentral, Inc. profitable?
Yes. RNG earned net income of $43.39M in fiscal 2025, a net margin of 1.7%.
What is RNG's P/E ratio?
RingCentral, Inc. trades at a price-to-earnings ratio of about 41.4 based on the latest data in our nightly-refreshed cache.
How fast is RingCentral, Inc. growing?
RNG's revenue grew at roughly 16.3% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does RingCentral, Inc. have?
As of fiscal year 2025, RNG carried roughly $629.58M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is RingCentral, Inc.'s gross margin?
RNG's gross margin was 71.2% in fiscal 2025 — gross profit of $1.79B on revenue of $2.52B.
What is RingCentral, Inc.'s market cap?
RingCentral, Inc. (RNG) has a market capitalization of about $3.27B, based on the latest data in our nightly-refreshed cache.
When does RingCentral, Inc.'s fiscal year end?
RNG's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into RNG stock?
At today's market cap of $3.27B, RingCentral, Inc. is priced for free-cash-flow growth of about -10.5% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $587.32M from the FY ending 2025-12-31). For comparison, revenue 16.3%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from RingCentral, Inc.'s official SEC filings (10-K and 10-Q), covering 15 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.