RingCentral, Inc. (RNG) SEC Filings & Earnings Calls
EquiReason read 14 RingCentral, Inc. SEC filings in the last 12 months. Latest: 10-Q on 2026-10-23 — RingCentral reported Q3 2026 results with revenue growth of 6% YoY, significant operating margin expansion, and a large non-cash tax benefit from valuation allowance release..
Source: SEC EDGAR filings · figures as of 2026-09-30 · read by EquiReason
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- 7.0B
- P/E TTM
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- Dividend yield
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- 52-week
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- Next earnings
- 17 Feb, in 116 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
23 Oct 202610-QRingCentral reported Q3 2026 results with revenue growth of 6% YoY, significant operating margin expansion, and a large non-cash tax benefit from valuation allowance release.earningsopen
Figures in the filing · each found in the filing text
| Total revenues · Q3-2026 | $676M | +6% y/y |
| Subscriptions revenue · Q3-2026 | $653M | +6% y/y |
| Net income · Q3-2026 | $570M | +3144% y/y |
| Annualized Exit Monthly Recurring Subscriptions (ARR) · Q3-2026 | $2.80B | +6% y/y |
| Net Monthly Subscription Dollar Retention Rate · Q3-2026 | 99.0% | |
| Operating cash flow · 9M-2026 | $550M | +17% y/y |
| Free cash flow · 9M-2026 | $478M | +18% y/y |
| Remaining performance obligations · Q3-2026 | $2.70B | |
| Operating margin · Q3-2026 | 8.0% | |
| Share repurchases · 9M-2026 | $193M | -3% y/y |
Risks flagged
Macroeconomic demand risk
“The overall macroeconomic environment may affect buying behavior from our customers, potentially reducing demand for our products and adversely impacting our results.” · word for word
AI technology and regulatory risk
“The AI technology and features we develop and/or incorporate into our solutions include new and evolving technologies that may present both legal and business risks.” · word for word
Debt service risk
“Servicing our debt, including the 2030 Senior Notes and the Credit Agreement, may require a significant amount of cash, and we may not have sufficient cash flow from our business or the ability to raise the funds necessary to settle repurchases of the 2030 Senior Notes as required following a fundamental change or change of control, as applicable, or to repa”
Customer turnover risk
“Increased customer turnover, or costs we incur to retain, grow, and upsell our customers, could materially and adversely affect our financial performance.” · word for word
Competition risk
“We face intense competition in our markets and may lack sufficient financial or other resources to compete successfully.” · word for word
22 Oct 20268-K · 2.02RingCentral Q3 2026: subscriptions revenue $653M (+6.0% YoY, above guidance), total revenue $676M (+5.9% YoY). Non-GAAP operating margin 24.7% (+190bps YoY). Non-GAAP EPS $1.33 vs $1.13. Free cash flow $157M (+21% YoY). Raised full-year guiearningsopen
Figures in the filing · each found in the filing text
| Total Revenue · Q3-2026 | $676M | +6% y/y |
| Subscriptions Revenue · Q3-2026 | $653M | +6% y/y |
| Non-GAAP Operating Margin · Q3-2026 | 24.7% | |
| GAAP Operating Margin · Q3-2026 | 8.0% | |
| Non-GAAP Diluted EPS · Q3-2026 | $1.33 | +18% y/y |
| GAAP Diluted EPS · Q3-2026 | $6.50 | +3321% y/y |
| Adjusted EBITDA · Q3-2026 | $190M | +13% y/y |
| Free Cash Flow · Q3-2026 | $157M | +21% y/y |
| Net Cash from Operating Activities · Q3-2026 | $180M | +19% y/y |
| Cash and Cash Equivalents · Q3-2026 | $110M |
Guidance
Q4 2026: subscriptions revenue $653-659M; total revenue $673-680M; non-GAAP operating margin 25.0-25.5%; non-GAAP EPS $1.32-1.37. FY2026 raised: subscriptions revenue $2.563-2.569B; total revenue $2.650-2.657B; GAAP operating margin 9.2-9.6%; non-GAAP operating margin ~24.0-24.2%; non-GAAP EPS $5.07-5.12; free cash flow $620-630M
Raised full-year guidance across revenue, margins, and free cash flow; Q4 guidance implies continued margin expansion and moderate growth
Risks flagged
Competitive pressure in UCaaS/CCaaS market; need to sustain AI differentiation
“Company positioning as AI leader; multiple analyst recognitions; partnerships with ChatGPT/Claude indicate need to stay ahead”
Share-based compensation remains significant at $57-62M per quarter
“Q4 guidance includes share-based compensation of $57 to $62 million; full year $240-245M”
23 Jul 20268-K · 2.02RingCentral beat guidance on revenue, margins, and EPS; raised full-year outlook; increased dividend 67%; AI adoption doubled YoY to 13% of ARR.earningsopen
Figures in the filing · each found in the filing text
| Total revenue · Q2-2026 | $657M | +6% y/y |
| Subscriptions revenue · Q2-2026 | $634M | +6% y/y |
| GAAP operating margin · Q2-2026 | 7.7% | |
| Non-GAAP operating margin · Q2-2026 | 23.4% | |
| GAAP EPS · Q2-2026 | $0.45 | +221% y/y |
| Non-GAAP EPS · Q2-2026 | $1.22 | +15% y/y |
| Adjusted EBITDA · Q2-2026 | $177M | +9% y/y |
| Free cash flow · Q2-2026 | $180M | +25% y/y |
| Net cash provided by operating activities · Q2-2026 | $206M | +23% y/y |
| ARR from paid AI products as % of total ARR · Q2-2026 | 13.0% |
Guidance
FY26 subscriptions revenue raised to $2.550-2.561B; total revenue raised to $2.635-2.646B; GAAP operating margin raised to 9.0-9.7%; non-GAAP operating margin raised to ~23.6-24.0%; non-GAAP EPS raised to $4.96-5.10; Q3 subscriptions revenue $643-649M; Q3 total revenue $664-670M; Q3 GAAP operating margin 7.2-8.6%; Q3 non-GAAP operating margin 23.5-24.0%; Q3 non-GAAP EPS $1.25-1.30
Raised full-year guidance across all key metrics; strong Q2 beat; AI adoption momentum; dividend increase
Risks flagged
Competition and market adoption risks for AI products
“Forward-looking statements cite ability to compete and gain customer acceptance of new services.”
23 Jul 202610-QRingCentral reported Q2 2026 results with subscription revenue up 6% YoY, net income nearly tripling to $39.1M, and operating margin expanding to 7.7%.earningsopen
Figures in the filing · each found in the filing text
| Total revenues · Q2-2026 | $657M | +6% y/y |
| Subscription revenues · Q2-2026 | $634M | +6% y/y |
| Net income · Q2-2026 | $39M | +196% y/y |
| Annualized Exit Monthly Recurring Subscriptions (ARR) · 2026-06-30 | $2.76B | +7% y/y |
| Net Monthly Subscription Dollar Retention Rate · Q2-2026 | 99.0% | |
| Free cash flow (non-GAAP) · H1-2026 | $321M | +17% y/y |
| Operating cash flow · H1-2026 | $370M | +17% y/y |
| Remaining performance obligations · 2026-06-30 | $2.70B | |
| Share repurchases · H1-2026 | $175M | +114% y/y |
| Dividends paid · H1-2026 | $13M |
Risks flagged
Macroeconomic uncertainty
“The overall macroeconomic environment may affect buying behavior from our customers, potentially reducing demand for our products and adversely impacting our results.” · word for word
Customer churn and downsell risk
“We have in the past and may in the future experience lower upsell and increased downsell within our existing base as customers may slow hiring and rationalize their employee counts or lower average revenue per user.” · word for word
High debt leverage
“As of June 30, 2026, we had $250.0 million principal amount of our 8.500% senior notes due 2030 (the '2030 Senior Notes') outstanding. As of June 30, 2026, we had no amounts outstanding under our Revolving Credit Facility and $879.1 million principal outstanding under our Term Loan.” · word for word
Dependence on third-party providers
“We currently use and/or provide third-party technology and integrations from NICE, Bandwidth.com, Inc., Microsoft Corporation and other companies to provide some of our solutions to our customers, including contact center and SMS solutions.” · word for word
AI regulatory and legal risks
“The AI technology and features we develop and/or incorporate into our solutions include new and evolving technologies that may present both legal and business risks.” · word for word
7 May 20268-K · 2.02Total Revenue $644M (+5% y/y); Subscriptions Revenue $623M (+6% y/y); GAAP Operating Margin 7.8; Guidance: Raising full year outlook on revenue, margins, and FCFearningsopen
Figures in the filing · each found in the filing text
| Total Revenue · Q1-2026 | $644M | +5% y/y |
| Subscriptions Revenue · Q1-2026 | $623M | +6% y/y |
| GAAP Operating Margin · Q1-2026 | 7.8% | |
| Non-GAAP Operating Margin · Q1-2026 | 22.9% | |
| Free Cash Flow · Q1-2026 | $141M | +8% y/y |
| Adjusted EBITDA · Q1-2026 | $170M |
Guidance
Raising full year outlook on revenue, margins, and FCF
Q1 revenue at high end of guidance; record margins; raising full year outlook; AI traction and dividend initiation.
Risks flagged
Competition in UCaaS/CCaaS market; dependence on subscription revenue.
“Subscription revenue 97% of total; competitive market.”
30 Apr 202610-K/ANon-GAAP Operating Margin 22.3open
Figures in the filing · each found in the filing text
| Non-GAAP Operating Margin · Q2-2025 | 22.3% |
27 Feb 202610-KSubscriptions revenues as % of total revenues 90open
Figures in the filing · each found in the filing text
| Subscriptions revenues as % of total revenues · FY2025 | 90.0% |
Risks flagged
Customer turnover and down-sell risk
“Increased customer turnover, or costs we incur to retain, grow, and upsell our customers, could materially and adversely affect our financial performance.” · word for word
Dependence on third-party vendors (NICE)
“We rely on third-party vendors and competitors to deliver contact center, SMS, and other services to customers, in particular, NICE Ltd.” · word for word
Macroeconomic and tariff uncertainty
“Uncertainty as to the impact of the imposition of tariffs on certain countries by the current U.S. administration... could adversely impact trade relations, result in higher costs and thereby decrease the purchasing power of our customers.” · word for word
19 Feb 20268-K · 2.02, 8.01Total revenue $2.52B (+5% y/y); Subscriptions revenue $2.43B (+6% y/y); GAAP operating margin 4.8; Guidance: Long-term target: 20% GAAP operating margins over 3-4 years; no explicit FY2026 guidance providedearningsopen
Figures in the filing · each found in the filing text
| Total revenue · FY2025 | $2.52B | +5% y/y |
| Subscriptions revenue · FY2025 | $2.43B | +6% y/y |
| GAAP operating margin · FY2025 | 4.8% | |
| Non-GAAP operating margin · FY2025 | 22.5% | |
| GAAP EPS · FY2025 | $0.48 | |
| Non-GAAP EPS · FY2025 | $4.36 | |
| Net cash provided by operating activities · FY2025 | $617M | +28% y/y |
| Free cash flow · FY2025 | $530M | +32% y/y |
| Adjusted EBITDA · FY2025 | $653M | |
| Dividend per share · Q1-2026 | $0.07 |
Guidance
Long-term target: 20% GAAP operating margins over 3-4 years; no explicit FY2026 guidance provided
RingCentral initiated dividend and increased buyback authorization; CFO outlined long-term margin targets; no explicit near-term guidance change.
Risks flagged
Competition in AI-powered communications could intensify, but RingCentral's platform moat is widening.
“CEO cites 'strong tailwind' from AI products.”
Stock-based compensation remains significant but declining as % of revenue.
“Reduced stock-based compensation expense as a percentage of revenue by 330 basis points year over year.” · word for word
9 Dec 2025DEF 14ARingCentral filed its definitive proxy statement for the 2025 annual meeting, disclosing executive compensation details, including 2024 bonus plan achievement and PSU vesting at 99.6% of target.open
Figures in the filing · each found in the filing text
| Revenue · FY2024 | $2.40B | +9% y/y |
| Net Loss · FY2024 | $-58M | |
| Total Shareholder Return Percentile · FY2024 | 51.0% |
Risks flagged
Key person dependency on CEO/Chairman
“Vladimir Shmunis, our CEO and Chairman, and his affiliates beneficially own 31.1% of total voting power.”
Dual-class share structure entrenchment
“Class B common stock has 10 votes per share, held primarily by founders, giving them significant control.”
3 Nov 20258-K · 2.02Total revenue $639M (+5% y/y); Subscriptions revenue $616M (+6% y/y); Annualized Exit Monthly Recurring Subscriptions (ARR) $2.63B (+6% y/y); Guidance: Full-year 2025 free cash flow guidance raised to over $525 million; Q4 guidance providedearningsopen
Figures in the filing · each found in the filing text
| Total revenue · Q3-2025 | $639M | +5% y/y |
| Subscriptions revenue · Q3-2025 | $616M | +6% y/y |
| Annualized Exit Monthly Recurring Subscriptions (ARR) · Q3-2025 | $2.63B | +6% y/y |
| GAAP operating margin · Q3-2025 | 4.8% | |
| Non-GAAP operating margin · Q3-2025 | 22.8% | |
| GAAP EPS · Q3-2025 | $0.19 | |
| Non-GAAP EPS · Q3-2025 | $1.13 | |
| Net cash provided by operating activities · Q3-2025 | $151M | +19% y/y |
| Free cash flow · Q3-2025 | $130M | +23% y/y |
| Adjusted EBITDA · Q3-2025 | $168M |
Guidance
Full-year 2025 free cash flow guidance raised to over $525 million; Q4 guidance provided
RingCentral raised full-year 2025 free cash flow guidance; Q3 results at high end of guidance with record operating margins; AI ARR approaching $100 million.
Risks flagged
Competition in AI-powered communications could intensify, but RingCentral's platform moat is widening.
“CEO cites 'strong traction' in AI-led product portfolio.”
Stock-based compensation remains significant but declining as % of revenue.
“Reduced stock-based compensation expense as a percentage of revenue by 365 basis points year over year.” · word for word
Convertible notes due March 2026 addressed via credit facility expansion.
“The Company intends to use the proceeds primarily to address its $609 million Convertible Notes due in March 2026.” · word for word
RingCentral, Inc. — questions
- What did RingCentral, Inc. file recently?
- 14 SEC filings in the last 12 months. Latest: 10-Q on 2026-10-23 — RingCentral reported Q3 2026 results with revenue growth of 6% YoY, significant operating margin expansion, and a large non-cash tax benefit from valuation allowance release.
Every figure on this page comes from RingCentral, Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.