RNG Q3 2024 Earnings — RingCentral, Inc. Revenue & Financial Results | Market Cap Arena

RNGRingCentral, Inc.

$4B

Q3 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$609M+9.1% YoY

Gross Profit

$429M70.4% margin

Operating Income

$3M0.5% margin

Net Income

-$8M-1.3% margin

EPS (Diluted)

$-0.09

QoQ Revenue Growth

+2.7%

Cash Flow

Operating Cash Flow

$127M

Free Cash Flow

$103M

Stock-Based Comp.

$84M

Balance Sheet

Total Assets

$1.8B

Total Liabilities

$2.2B

Stockholders' Equity

-$346M

Cash & Equivalents

$213M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$609M	$558M	+9.1%
Gross Profit	$429M	$389M	+10.1%
Operating Income	$3M	-$54M	+106.1%
Net Income	-$8M	-$42M	+81.4%

Revenue Segments

License and Service

$583M96%

Product and Service, Other

$26M4%