RNG Q3 2023 Earnings — RingCentral, Inc. Revenue & Financial Results | Market Cap Arena

RNGRingCentral, Inc.

$4B

Q3 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$558M+9.7% YoY

Gross Profit

$389M69.7% margin

Operating Income

-$54M-9.7% margin

Net Income

-$42M-7.5% margin

EPS (Diluted)

$-0.45

QoQ Revenue Growth

+3.5%

Cash Flow

Operating Cash Flow

$87M

Free Cash Flow

$70M

Stock-Based Comp.

$112M

Balance Sheet

Total Assets

$2.2B

Total Liabilities

$2.5B

Stockholders' Equity

-$285M

Cash & Equivalents

$432M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$558M	$509M	+9.7%
Gross Profit	$389M	$342M	+13.9%
Operating Income	-$54M	-$183M	+70.3%
Net Income	-$42M	-$285M	+85.2%

Revenue Segments

License and Service

$531M95%

Product and Service, Other

$27M5%