RNG Q1 2024 Earnings — RingCentral, Inc. Revenue & Financial Results | Market Cap Arena

RNGRingCentral, Inc.

$4B

Q1 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$584M+9.5% YoY

Gross Profit

$414M70.8% margin

Operating Income

-$11M-1.9% margin

Net Income

-$28M-4.9% margin

EPS (Diluted)

$-0.31

QoQ Revenue Growth

+2.3%

Cash Flow

Operating Cash Flow

$96M

Free Cash Flow

$77M

Stock-Based Comp.

$88M

Balance Sheet

Total Assets

$1.9B

Total Liabilities

$2.4B

Stockholders' Equity

-$522M

Cash & Equivalents

$203M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$584M	$534M	+9.5%
Gross Profit	$414M	$373M	+10.9%
Operating Income	-$11M	-$55M	+80.0%
Net Income	-$28M	-$54M	+47.6%

Revenue Segments

License and Service

$557M95%

Product and Service, Other

$27M5%