RNG Q4 2023 Earnings — RingCentral, Inc. Revenue & Financial Results | Market Cap Arena

RNGRingCentral, Inc.

$4B

Q4 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$571M+8.9% YoY

Gross Profit

$401M70.2% margin

Operating Income

-$45M-7.9% margin

Net Income

-$47M-8.3% margin

EPS (Diluted)

$-0.50

QoQ Revenue Growth

+2.3%

Cash Flow

Operating Cash Flow

$114M

Free Cash Flow

$94M

Stock-Based Comp.

$112M

Balance Sheet

Total Assets

$1.9B

Total Liabilities

$2.4B

Stockholders' Equity

-$503M

Cash & Equivalents

$222M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$571M	$525M	+8.9%
Gross Profit	$401M	$364M	+10.1%
Operating Income	-$45M	-$256M	+82.4%
Net Income	-$47M	-$284M	+83.4%

Revenue Segments

License and Service

$547M96%

Product and Service, Other

$24M4%