RingCentral Inc

For the period ended Dec 31, 2023. Filed Feb 22, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 22, 2024

RNG$72.78+1.0%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Operations

(in thousands, except per share data)

	Year ended December 31,
	2023	2022	2021
Revenues
Subscriptions	$2,100,329	$1,887,756	$1,482,080
Other	102,100	100,574	112,674
Total revenues	2,202,429	1,988,330	1,594,754
Cost of revenues
Subscriptions	557,050	531,098	345,948
Other	107,241	110,633	102,421
Total cost of revenues	664,291	641,731	448,369
Gross profit	1,538,138	1,346,599	1,146,385
Operating expenses
Research and development	335,851	362,256	309,739
Sales and marketing	1,068,050	1,057,231	854,156
General and administrative	333,048	292,898	284,276
Asset write-down charges	—	283,689	—
Total operating expenses	1,736,949	1,996,074	1,448,171
Loss from operations	(198,811)	(649,475)	(301,786)
Other income (expense), net
Interest expense	(35,997)	(4,807)	(64,382)
Other income (expense)	77,963	(219,771)	(7,554)
Other income (expense), net	41,966	(224,578)	(71,936)
Loss before income taxes	(156,845)	(874,053)	(373,722)
Provision for income taxes	8,395	5,113	2,528
Net loss	$(165,240)	$(879,166)	$(376,250)
Net loss per common share
Basic and diluted	$(1.74)	$(9.23)	$(4.10)
Weighted-average number of shares used in computing net loss per share
Basic and diluted	94,912	95,239	91,738

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.