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RNG Q2 2024 Earnings — RingCentral, Inc. Revenue & Financial Results | Market Cap Arena
RNG
RingCentral, Inc.
$4B
Q2 2024 Earnings
Technology
Software - Application
Income Statement
Revenue
$593M
+9.9% YoY
Gross Profit
$416M
70.2% margin
Operating Income
-$5M
-0.9% margin
Net Income
-$15M
-2.5% margin
EPS (Diluted)
$-0.16
QoQ Revenue Growth
+1.5%
Cash Flow
Operating Cash Flow
$127M
Free Cash Flow
$109M
Stock-Based Comp.
$87M
Balance Sheet
Total Assets
$1.8B
Total Liabilities
$2.4B
Stockholders' Equity
-$528M
Cash & Equivalents
$199M
Year-over-Year Comparison
Metric
Current
Year Ago
Change
Revenue
$593M
$539M
+9.9%
Gross Profit
$416M
$375M
+11.0%
Operating Income
-$5M
-$45M
+88.1%
Net Income
-$15M
-$21M
+31.3%
Revenue Segments
License and Service
$567M
96%
Product and Service, Other
$26M
4%
← FY 2024
All Quarters
Q3 2024 →