RNG Q2 2023 Earnings — RingCentral, Inc. Revenue & Financial Results | Market Cap Arena

RNGRingCentral, Inc.

$4B

Q2 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$539M+10.8% YoY

Gross Profit

$375M69.5% margin

Operating Income

-$45M-8.4% margin

Net Income

-$21M-4.0% margin

EPS (Diluted)

$-0.23

QoQ Revenue Growth

+1.1%

Cash Flow

Operating Cash Flow

$91M

Free Cash Flow

$73M

Stock-Based Comp.

$105M

Balance Sheet

Total Assets

$2.0B

Total Liabilities

$2.2B

Stockholders' Equity

-$272M

Cash & Equivalents

$225M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$539M	$487M	+10.8%
Gross Profit	$375M	$329M	+14.0%
Operating Income	-$45M	-$108M	+58.2%
Net Income	-$21M	-$160M	+86.5%

Revenue Segments

License and Service

$514M95%

Product and Service, Other

$26M5%