RingCentral Inc
For the period ended Mar 31, 2024. Filed May 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
RNG$73.32+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(Unaudited, in thousands, except per share data)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues | ||
| Subscriptions | $557,487 | $508,294 |
| Other | 26,724 | 25,395 |
| Total revenues | 584,211 | 533,689 |
| Cost of revenues | ||
| Subscriptions | 143,650 | 136,425 |
| Other | 26,829 | 24,251 |
| Total cost of revenues | 170,479 | 160,676 |
| Gross profit | 413,732 | 373,013 |
| Operating expenses | ||
| Research and development | 80,528 | 85,241 |
| Sales and marketing | 272,730 | 260,212 |
| General and administrative | 71,373 | 82,091 |
| Total operating expenses | 424,631 | 427,544 |
| Loss from operations | (10,899) | (54,531) |
| Other income (expense), net | ||
| Interest expense | (16,254) | (2,212) |
| Other income | 1,944 | 5,429 |
| Other income (expense), net | (14,310) | 3,217 |
| Loss before income taxes | (25,209) | (51,314) |
| Provision for income taxes | 3,285 | 3,085 |
| Net loss | $(28,494) | $(54,399) |
| Net loss per common share | ||
| Basic and diluted | $(0.31) | $(0.57) |
| Weighted-average number of shares used in computing net loss per share | ||
| Basic and diluted | 93,142 | 95,720 |
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