RNG Q2 2024 Earnings — RingCentral, Inc. Revenue & Financial Results | Market Cap Arena

RNGRingCentral, Inc.

$4B

Q2 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$593M+9.9% YoY

Gross Profit

$416M70.2% 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

$567M96%

Product and Service, Other

$26M4%