RingCentral, Inc.
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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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.
FY2025 · Filed Feb 27, 2026
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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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities | |||
| Net income (loss) | $43,391 | $(58,288) | $(165,240) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 222,603 | 222,609 | 233,940 |
| Share-based compensation | 269,658 | 339,059 | 426,679 |
| Unrealized loss on investments | — | — | 1,506 |
| Asset write-down and other charges | 11,440 | — | — |
| Amortization of deferred and prepaid sales commission costs | 163,550 | 162,552 | 138,134 |
| Amortization of debt discount and issuance costs | 4,627 | 4,272 | 4,566 |
| Loss (gain) on early extinguishment of debt | 4,988 | — | (53,400) |
| Reduction of operating lease right-of-use assets | 24,800 | 20,723 | 20,469 |
| Provision for bad debt | 17,470 | 8,667 | 6,852 |
| Other | 1,729 | (8,428) | 1,486 |
| Changes in assets and liabilities: | |||
| Accounts receivable | (13,815) | (30,481) | (57,819) |
| Deferred and prepaid sales commission costs | (111,563) | (130,730) | (156,734) |
| Prepaid expenses and other assets | (18,963) | 19,811 | 14,492 |
| Accounts payable | 4,100 | (29,793) | (21,213) |
| Accrued and other liabilities | 10,462 | (37,433) | 9,101 |
| Deferred revenue | 6,746 | 19,592 | 17,681 |
| Operating lease liabilities | (23,796) | (18,856) | (20,838) |
| Net cash provided by operating activities | 617,427 | 483,276 | 399,662 |
| Cash flows from investing activities | |||
| Purchases of property and equipment | (30,104) | (24,994) | (23,513) |
| Capitalized internal-use software | (57,110) | (55,534) | (52,227) |
| Cash paid for business combination, net of cash acquired | (20,754) | (26,291) | (14,709) |
| Purchases of intangible assets and long-term investments | — | (2,540) | — |
| Net cash used in investing activities | (107,968) | (109,359) | (90,449) |
| Cash flows from financing activities | |||
| Proceeds from issuance of stock in connection with stock plans | 14,718 | 16,693 | 16,687 |
| Payments for taxes related to net share settlement of equity awards | (12,563) | (5,965) | (9,062) |
| Payments for repurchase of common stock, including excise tax | (334,446) | (322,356) | (311,088) |
| Proceeds from issuance of long-term debt, net of issuance costs | — | — | 785,749 |
| Payments for the settlement of convertible notes | (161,326) | — | (820,960) |
| Repayments of principal on term loan | (67,750) | (20,000) | (10,000) |
| Repurchases of principal on senior notes | (53,903) | — | — |
| Payments for fees on long-term debt | (7,517) | (4,851) | — |
| Repayment of financing obligations | (633) | (4,257) | (5,777) |
| Payment for contingent consideration | — | (10,345) | (3,567) |
| Net cash used in financing activities | (623,420) | (351,081) | (358,018) |
| Effect of exchange rate changes | 3,714 | (2,220) | 1,016 |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | (110,247) | 20,616 | (47,789) |
| Cash, cash equivalents, and restricted cash | |||
| Beginning of year | 242,811 | 222,195 | 269,984 |
| End of year | $132,564 | $242,811 | $222,195 |
| Supplemental disclosure of cash flow data: | |||
| Cash paid for interest, net of interest rate swap | $54,021 | $59,045 | $16,629 |
| Cash paid for income taxes, net of refunds | $12,435 | $17,752 | $10,940 |
| Non-cash investing and financing activities | |||
| Common stock issued in connection with strategic partnership arrangement | $— | $7,972 | $55,014 |
| Acquisition related measurement period adjustment | $— | $9,147 | $— |
| Indemnity holdback consideration | $3,000 | $— | $— |
| Contingent consideration | $2,000 | $— | $7,461 |
| Equipment and capitalized internal-use software purchased and unpaid at period end | $3,221 | $3,091 | $3,953 |
| Acquisition of intangibles | $— | $— | $3,629 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.