RNG Q1 2022 Earnings — RingCentral, Inc. Revenue & Financial Results | Market Cap Arena

RNGRingCentral, Inc.

$4B

Q1 2022 Earnings

Technology Software - Application

Income Statement

Revenue

$468M+32.7% YoY

Gross Profit

$312M66.8% margin

Operating Income

-$104M-22.1% margin

Net Income

-$151M-32.3% margin

EPS (Diluted)

$-1.60

QoQ Revenue Growth

+4.3%

Cash Flow

Operating Cash Flow

$59M

Free Cash Flow

$37M

Stock-Based Comp.

$98M

Balance Sheet

Total Assets

$2.6B

Total Liabilities

$2.5B

Stockholders' Equity

$49M

Cash & Equivalents

$302M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$468M	$352M	+32.7%
Gross Profit	$312M	$255M	+22.2%
Operating Income	-$104M	-$42M	-146.5%
Net Income	-$151M	-$186,000	-81067.7%

Revenue Segments

License and Service

$440M97%

Product

$11M3%