RNG Q3 2022 Earnings — RingCentral, Inc. Revenue & Financial Results | Market Cap Arena

RNGRingCentral, Inc.

$4B

Q3 2022 Earnings

Technology Software - Application

Income Statement

Revenue

$509M+22.8% YoY

Gross Profit

$342M67.1% margin

Operating Income

-$183M-35.9% margin

Net Income

-$285M-55.9% margin

EPS (Diluted)

$-2.98

QoQ Revenue Growth

+4.5%

Cash Flow

Operating Cash Flow

$42M

Free Cash Flow

$21M

Stock-Based Comp.

$96M

Balance Sheet

Total Assets

$2.3B

Total Liabilities

$2.4B

Stockholders' Equity

-$45M

Cash & Equivalents

$305M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$509M	$415M	+22.8%
Gross Profit	$342M	$304M	+12.3%
Operating Income	-$183M	-$83M	-119.6%
Net Income	-$285M	-$147M	-93.9%

Revenue Segments

License and Service

$483M95%

Product and Service, Other

$26M5%