RingCentral Inc

For the period ended Jun 30, 2024. Filed Aug 7, 2024.

About this filing

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.

Jun 30, 2024 · Filed Aug 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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Contents

Condensed Consolidated Statements of Operations

(Unaudited, in thousands, except per share data)

	Three Months EndedJune 30,		Six Months EndedJune 30,
	2024	2023	2024	2023
Revenues
Subscriptions	$567,058	$513,632	$1,124,545	$1,021,926
Other	25,849	25,673	52,573	51,068
Total revenues	592,907	539,305	1,177,118	1,072,994
Cost of revenues
Subscriptions	148,107	136,067	291,757	272,492
Other	28,563	28,350	55,392	52,601
Total cost of revenues	176,670	164,417	347,149	325,093
Gross profit	416,237	374,888	829,969	747,901
Operating expenses
Research and development	79,750	80,280	160,278	165,521
Sales and marketing	269,487	264,443	542,217	524,655
General and administrative	72,359	75,227	143,732	157,318
Total operating expenses	421,596	419,950	846,227	847,494
Loss from operations	(5,359)	(45,062)	(16,258)	(99,593)
Other income (expense), net
Interest expense	(16,021)	(5,118)	(32,275)	(7,330)
Other income	9,803	35,651	11,747	41,080
Other income (expense), net	(6,218)	30,533	(20,528)	33,750
Loss before income taxes	(11,577)	(14,529)	(36,786)	(65,843)
Provision for income taxes	3,176	6,953	6,461	10,038
Net loss	$(14,753)	$(21,482)	$(43,247)	$(75,881)
Net loss per common share
Basic and diluted	$(0.16)	$(0.23)	$(0.47)	$(0.79)
Weighted-average number of shares used in computing net loss per share
Basic and diluted	92,745	95,339	92,944	95,528

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.