RingCentral Inc

For the period ended Dec 31, 2024. Filed Feb 26, 2025.

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.

FY2024 · Filed Feb 26, 2025

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

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

See the whole filing, with its images and exhibits

Contents

Consolidated Statements of Operations

(in thousands, except per share data)

	Year ended December 31,
	2024	2023	2022
Revenues
Subscriptions	$2,297,192	$2,100,329	$1,887,756
Other	103,203	102,100	100,574
Total revenues	2,400,395	2,202,429	1,988,330
Cost of revenues
Subscriptions	593,294	557,050	531,098
Other	112,213	107,241	110,633
Total cost of revenues	705,507	664,291	641,731
Gross profit	1,694,888	1,538,138	1,346,599
Operating expenses
Research and development	329,323	335,851	362,256
Sales and marketing	1,096,448	1,068,050	1,057,231
General and administrative	266,447	333,048	292,898
Asset write-down charges	—	—	283,689
Total operating expenses	1,692,218	1,736,949	1,996,074
Income (loss) from operations	2,670	(198,811)	(649,475)
Other income (expense), net
Interest expense	(64,995)	(35,997)	(4,807)
Other income (expense)	15,100	77,963	(219,771)
Other income (expense), net	(49,895)	41,966	(224,578)
Loss before income taxes	(47,225)	(156,845)	(874,053)
Provision for income taxes	11,063	8,395	5,113
Net loss	$(58,288)	$(165,240)	$(879,166)
Net loss per common share
Basic and diluted	$(0.63)	$(1.74)	$(9.23)
Weighted-average number of shares used in computing net loss per share
Basic and diluted	92,110	94,912	95,239

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.