Technology · Software - Application
Price
$37.18
Market Cap
$3.3B
Employees
4,260
Beta
1.13
Avg Volume
1,685,834
CEO
Vladimir G. Shmunis
Business Description
RingCentral, Inc. delivers sophisticated cloud-based software-as-a-service (SaaS) solutions designed to empower businesses across North America to communicate, collaborate, and connect seamlessly. These core offerings, including both unified communications and comprehensive contact center capabilities, are built upon the company's proprietary "Message Video Phone" (MVP) platform. Its extensive product portfolio features "RingCentral Office," a robust platform enabling communication and collaboration through high-definition voice, video, SMS, team messaging, conferencing, online meetings, and fax. For customer service operations, the "RingCentral Contact Center" provides a collaborative, omnichannel solution, complemented by "RingCentral Engage Digital" for enterprise-level digital customer interactions, and "RingCentral Engage Voice" for cloud-based outbound and blended customer engagement catering to midsize and large organizations. Furthermore, "RingCentral Video" offers dedicated video meeting services with integrated team messaging, audio/video conferencing, file sharing, and management tools. Specialized solutions include "RingCentral Professional," a virtual cloud telephone service for inbound call management, and "RingCentral Fax" for online faxing. The company caters to a diverse array of industries, such as financial services, education, healthcare, real estate, retail, technology, and government sectors. Its go-to-market strategy involves both direct sales representatives and a broad ecosystem of sales agents, resellers, and channel partners. Founded in 1999 and headquartered in Belmont, California, RingCentral has also forged strategic alliances with key industry players, including Alcatel-Lucent Enterprise and Vodafone Business.
Business History
Price Overview
Last updated: Jun 27, 2026 11:03am (just now)$37.18
+2.53 (+7.30%)
Day Range
$34.87 – $37.18
52-Week Range
$23.59 – $49.85
50-Day MA
$41.08
200-Day MA
$33.38
Volume
3,109,876.00
Analyst Price Targets
Low
$32.00
Consensus
$42.13
High
$55.00
(64 analysts)
Share Structure
Outstanding
87,891,967.00
Float
72,813,587.00
Free Float
82.8%
High free float
— 82.8% of shares trade freely, ~17.2% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
37.32
Stock Price: $37.18
EPS (Diluted): 0.50
EPS (Diluted): 0.50
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
-4.23
Stock Price: $37.18
Total Equity: -$588.12M
Shares: 87,959,000
Total Equity: -$588.12M
Shares: 87,959,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
10.95
Market Cap: $3.27B
Total Debt: $1.47B
Cash: $132.56M
EBITDA: $381.43M
Total Debt: $1.47B
Cash: $132.56M
EBITDA: $381.43M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$3.8B
Market Cap: $3.27B
Total Debt: $1.47B
Cash: $132.56M
Total Debt: $1.47B
Cash: $132.56M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
71.2%
Gross Profit: $1.79B
Revenue: $2.52B
Revenue: $2.52B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
5.0%
Operating Income: $126.23M
Revenue: $2.52B
Revenue: $2.52B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
1.7%
Net Income: $43.39M
Revenue: $2.52B
Revenue: $2.52B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-16.7%
Net Income: $43.39M
Total Equity: -$588.12M
Total Equity: -$588.12M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
17.3%
Operating Income: $126.23M
Tax Rate: 22.8%
Equity: -$588.12M
Total Debt: $1.47B
Cash: $132.56M
Tax Rate: 22.8%
Equity: -$588.12M
Total Debt: $1.47B
Cash: $132.56M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.49
Current Assets: $597.85M
Current Liabilities: $1.22B
Current Liabilities: $1.22B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
-2.50
Short-Term Debt: $624.22M
Long-Term Debt: $843.40M
Total Debt: $1.47B
Total Equity: -$588.12M
Long-Term Debt: $843.40M
Total Debt: $1.47B
Total Equity: -$588.12M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$28.59
Revenue: $2.52B
Shares: 87,959,000
Shares: 87,959,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$-6.69
Total Equity: -$588.12M
Shares: 87,959,000
Shares: 87,959,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$6.68
Operating CF: $617.43M
CapEx: -$30.10M
Shares: 87,959,000
CapEx: -$30.10M
Shares: 87,959,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $37.18
Stock Price: $37.18
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $43.39M
Net Income: $43.39M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares RNG against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 6:51pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.6B | $2.0B | $2.2B | $2.4B | $2.5B |
| Cost of Revenue | $448.4M | $641.7M | $664.3M | $705.5M | $724.0M |
| Gross Profit | $1.1B | $1.3B | $1.5B | $1.7B | $1.8B |
| Operating Expenses | $1.4B | $2.0B | $1.7B | $1.7B | $1.7B |
| Operating Income | -$301.8M | -$649.5M | -$198.8M | $2.7M | $126.2M |
| Net Income | -$376.3M | -$879.2M | -$165.2M | -$58.3M | $43.4M |
| EBITDA | -$184.0M | -$622.7M | $113.1M | $236.6M | $381.4M |
| EPS | $-4.10 | $-9.23 | $-1.74 | $-0.63 | $0.50 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 6:51pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $267.2M | $270.0M | $222.2M | $242.8M | $132.6M |
| Total Current Assets | $650.7M | $796.0M | $848.6M | $871.1M | $597.9M |
| Total Assets | $2.6B | $2.1B | $1.9B | $1.8B | $1.5B |
| Current Liabilities | $526.3M | $652.6M | $632.5M | $748.8M | $1.2B |
| Long-Term Debt | $1.4B | $1.6B | $1.5B | $1.3B | $843.4M |
| Total Liabilities | $2.2B | $2.6B | $2.4B | $2.3B | $2.1B |
| Total Equity | $339.0M | -$482.8M | -$502.6M | -$550.9M | -$588.1M |
| Retained Earnings | -$748.6M | -$1.5B | -$1.7B | -$1.8B | -$1.7B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 6:51pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $152.2M | $191.3M | $399.7M | $483.3M | $617.4M |
| Capital Expenditure | -$396.8M | -$90.4M | -$75.7M | -$83.1M | -$30.1M |
| Free Cash Flow | -$244.7M | $100.9M | $323.9M | $400.2M | $587.3M |
| Acquisitions (net) | $0 | $0 | -$14.7M | -$26.3M | -$20.8M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | -$99.8M | -$311.1M | -$322.4M | -$334.4M |
| Net Change in Cash | -$372.7M | $2.8M | -$47.8M | $20.6M | -$110.2M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 11:03am (just now)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$2.7B $2.7B – $2.8B
|
$2.9B $2.9B – $2.9B
|
$3.1B $3.1B – $3.1B
|
$3.2B $3.2B – $3.3B
|
| EBITDA |
$1.3B $1.3B – $1.3B
|
$1.3B $1.3B – $1.3B
|
$1.4B $1.4B – $1.4B
|
$1.5B $1.5B – $1.5B
|
| Net Income |
$473.7M $400.7M – $546.8M
|
$537.6M $440.6M – $634.6M
|
$643.4M $640.7M – $650.9M
|
$723.5M $720.4M – $731.9M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 6:51pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +24.7% | +10.8% | +9.0% | +4.8% |
| Gross Profit Growth | +17.5% | +14.2% | +10.2% | +5.7% |
| Operating Income Growth | -115.2% | +69.4% | +101.3% | +4,627.7% |
| Net Income Growth | -133.7% | +81.2% | +64.7% | +174.4% |
| EBITDA Growth | -238.3% | +118.2% | +109.2% | +61.2% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-15 | Shmunis Vladimir | S-Sale | 14,832.00 | $38.48 | $570,750 |
| 2026-06-15 | Shmunis Vladimir | S-Sale | 724.00 | $39.30 | $28,452 |
| 2026-06-16 | Shmunis Vladimir | S-Sale | 10,105.00 | $38.15 | $385,536 |
| 2026-06-16 | Shmunis Vladimir | S-Sale | 1,591.00 | $38.68 | $61,543 |
| 2026-06-10 | Arora Tarun | S-Sale | 4,171.00 | $38.85 | $162,048 |
| 2026-05-29 | Agarwal Vaibhav | A-Award | 51,450.00 | $0.00 | $0 |
| 2026-06-01 | Agarwal Vaibhav | F-InKind | 7,302.00 | $49.10 | $358,528 |
| 2026-06-02 | Agarwal Vaibhav | S-Sale | 7,047.00 | $46.17 | $325,353 |
| 2026-05-29 | Arora Tarun | A-Award | 25,725.00 | $0.00 | $0 |
| 2026-06-01 | Arora Tarun | F-InKind | 4,322.00 | $49.10 | $212,210 |
| 2026-05-29 | Arora Tarun | S-Sale | 1,100.00 | $42.27 | $46,492 |
| 2026-05-29 | Arora Tarun | S-Sale | 2,515.00 | $43.32 | $108,955 |
| 2026-05-29 | Marlow John H | A-Award | 45,019.00 | $0.00 | $0 |
| 2026-06-01 | Marlow John H | F-InKind | 6,893.00 | $49.10 | $338,446 |
| 2026-05-29 | Makagon Kira | A-Award | 102,900.00 | $0.00 | $0 |
| 2026-06-01 | Makagon Kira | F-InKind | 13,260.00 | $49.10 | $651,066 |
| 2026-06-01 | Shmunis Vladimir | A-Award | 4,520.00 | $0.00 | $0 |
| 2026-05-29 | Shmunis Vladimir | A-Award | 154,350.00 | $0.00 | $0 |
| 2026-06-01 | Shmunis Vladimir | F-InKind | 28,232.00 | $49.10 | $1.4M |
| 2026-05-27 | Makagon Kira | S-Sale | 11,378.00 | $42.32 | $481,494 |
Dividend History (Last 20)
Last updated: Jun 21, 2026 6:51pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-06-02 | $0.08 | 2026-05-07 | 2026-06-02 | 2026-06-11 |
| 2026-03-09 | $0.08 | 2026-02-19 | 2026-03-09 | 2026-03-16 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for RNG — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30