RingCentral, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.52B | $2.40B | $2.20B | $1.99B | $1.59B | $1.18B | $902.9M | $673.6M |
| Cost of Revenue | $723.2M | $705.5M | $664.3M | $641.7M | $448.4M | $323.6M | $231.0M | $157.1M |
| Gross Profit | $1.79B | $1.69B | $1.54B | $1.35B | $1.15B | $860.1M | $671.8M | $516.5M |
| Gross Margin | 71.2% | 70.6% | 69.8% | 67.7% | 71.9% | 72.7% | 74.4% | 76.7% |
| Operating Expenses | ||||||||
| Research & Development | $317.0M | $329.3M | $335.9M | $362.3M | $309.7M | $189.5M | $136.4M | $101.0M |
| SG&A Expense | $258.4M | $266.4M | $333.0M | $292.9M | $284.3M | $200.0M | $142.0M | $102.8M |
| Operating Income | $120.6M | $2.7M | $-198.8M | $-649.5M | $-301.8M | $-113.2M | $-45.7M | $-16.4M |
| Operating Margin | 4.8% | 0.1% | -9.0% | -32.7% | -18.9% | -9.6% | -5.1% | -2.4% |
| Interest Expense | $57.5M | $63.4M | $36.0M | $4.8M | $64.4M | $49.3M | $20.5M | $16.1M |
| Pretax Income | $56.2M | $-47.2M | $-156.8M | $-874.1M | $-373.7M | $-82.1M | $-56.9M | $-26.1M |
| Income Tax Expense | $12.8M | $11.1M | $8.4M | $5.1M | $2.5M | $934.0K | $-3.3M | $140.0K |
| Net Income | $43.4M | $-58.3M | $-165.2M | $-879.2M | $-376.3M | $-83.0M | $-53.6M | $-26.2M |
| Net Margin | 1.7% | -2.4% | -7.5% | -44.2% | -23.6% | -7.0% | -5.9% | -3.9% |
| EPS (Basic) | $0.48 | $-0.63 | $-1.74 | $-9.23 | $-4.10 | $-0.94 | $-0.64 | $-0.33 |
| EPS (Diluted) | $0.48 | $-0.63 | $-1.74 | $-9.23 | $-4.10 | $-0.94 | $-0.64 | $-0.33 |
| Shares Outstanding (Basic) | 89.5M | 92.1M | 94.9M | 95.2M | 91.7M | 88.7M | 83.1M | — |
| Shares Outstanding (Diluted) | 91.2M | 92.1M | 94.9M | 95.2M | 91.7M | 88.7M | 83.1M | — |
| Dividends Per Share | — | — | — | — | — | — | — | — |