RingCentral Inc
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
View on SEC.govAbout 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.
Sep 30, 2024 · Filed Nov 8, 2024
RNG$73.32+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
(Unaudited, in thousands, except per share data)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | ||||
| Subscriptions | $582,970 | $531,030 | $1,707,515 | $1,552,956 |
| Other | 25,795 | 27,134 | 78,368 | 78,202 |
| Total revenues | 608,765 | 558,164 | 1,785,883 | 1,631,158 |
| Cost of revenues | ||||
| Subscriptions | 150,864 | 141,172 | 442,621 | 413,664 |
| Other | 29,320 | 27,802 | 84,712 | 80,403 |
| Total cost of revenues | 180,184 | 168,974 | 527,333 | 494,067 |
| Gross profit | 428,581 | 389,190 | 1,258,550 | 1,137,091 |
| Operating expenses | ||||
| Research and development | 84,144 | 85,444 | 244,422 | 250,965 |
| Sales and marketing | 276,976 | 270,767 | 819,193 | 795,422 |
| General and administrative | 64,170 | 87,154 | 207,902 | 244,472 |
| Total operating expenses | 425,290 | 443,365 | 1,271,517 | 1,290,859 |
| Income (loss) from operations | 3,291 | (54,175) | (12,967) | (153,768) |
| Other income (expense), net | ||||
| Interest expense | (16,393) | (12,162) | (48,668) | (19,492) |
| Other income | 1,073 | 20,441 | 12,820 | 61,521 |
| Other income (expense), net | (15,320) | 8,279 | (35,848) | 42,029 |
| Loss before income taxes | (12,029) | (45,896) | (48,815) | (111,739) |
| (Benefit from) provision for income taxes | (4,176) | (3,780) | 2,285 | 6,258 |
| Net loss | $(7,853) | $(42,116) | $(51,100) | $(117,997) |
| Net loss per common share | ||||
| Basic and diluted | $(0.09) | $(0.45) | $(0.55) | $(1.24) |
| Weighted-average number of shares used in computing net loss per share | ||||
| Basic and diluted | 91,892 | 94,593 | 92,590 | 95,213 |
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