RingCentral, Inc.
RNGUSRingCentral, 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.
Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.
- Sector
- Application Software
- Sub-sector
- Collaboration, Productivity & Work Management
- Listing
- RNG
- Country
- US
Annual financials & analyst forecasts
| $M | CY2021 | CY2022 | CY2023 | CY2024 | CY2025 | CY2026E | CY2027E |
|---|---|---|---|---|---|---|---|
| Revenue YoY | — | 25% | 11% | 9% | 5% | 5% | 5% |
| Revenue | $1.59B | $1.99B | $2.20B | $2.40B | $2.52B | $2.64B | $2.76B |
| Gross Profit | $1.15B | $1.35B | $1.54B | $1.69B | $1.79B | — | — |
| Gross Profit Margin | 71.9% | 67.7% | 69.8% | 70.6% | 71.2% | — | — |
| EBITDA | ($175M) | ($623M) | $129M | $240M | $387M | $1.23B | $1.28B |
| EBITDA Margin | -11.0% | -31.3% | 5.8% | 10.0% | 15.4% | 46.5% | 46.5% |
| EBIT | ($302M) | ($649M) | ($199M) | $3M | $126M | ($335M) | ($350M) |
| Net Income | ($376M) | ($879M) | ($165M) | ($58M) | $43M | $439M | $471M |
| Free Cash Flow | ($233M) | $101M | $324M | $400M | $636M | — | — |
| FCF Margin | -14.6% | 5.1% | 14.7% | 16.7% | 25.3% | — | — |
| Short-Term Debt | $0M | $0M | $20M | $181M | $624M | — | — |
| Long-Term Debt | $1.40B | $1.64B | $1.53B | $1.35B | $843M | — | — |
| Cash & Cash Equivalents | $267M | $270M | $222M | $243M | $133M | — | — |
| Net Debt | $1.13B | $1.37B | $1.32B | $1.29B | $1.34B | — | — |
| Net Debt / EBITDA | — | — | 10.3x | 5.4x | 3.4x | — | — |
| Rule of 40 | — | 29.8% | 25.5% | 25.7% | 30.1% | — | — |