RNG Q1 2023 Earnings — RingCentral, Inc. Revenue & Financial Results | Market Cap Arena

RNGRingCentral, Inc.

$4B

Q1 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$534M+14.1% YoY

Gross Profit

$373M69.9% margin

Operating Income

-$55M-10.2% margin

Net Income

-$54M-10.2% margin

EPS (Diluted)

$-0.57

QoQ Revenue Growth

+1.7%

Cash Flow

Operating Cash Flow

$109M

Free Cash Flow

$87M

Stock-Based Comp.

$98M

Balance Sheet

Total Assets

$2.0B

Total Liabilities

$2.3B

Stockholders' Equity

-$273M

Cash & Equivalents

$275M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$534M	$468M	+14.1%
Gross Profit	$373M	$312M	+19.5%
Operating Income	-$55M	-$104M	+47.3%
Net Income	-$54M	-$151M	+64.0%

Revenue Segments

License and Service

$508M95%

Product and Service, Other

$25M5%