← RingCentral, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $379.7m | $501.5m | $673.6m | $902.9m | $1.2b | $1.6b | $2.0b | $2.2b | $2.4b | $2.5b | |
| Cost of Revenue | $92.2m | $121.3m | $157.1m | $231.0m | $323.6m | $448.4m | $641.7m | $664.3m | $705.5m | $723.2m | |
| Gross Profit | $287.5m | $380.3m | $516.5m | $671.8m | $860.0m | $1.1b | $1.3b | $1.5b | $1.7b | $1.8b | |
| Operating Expenses | $313.5m | $407.5m | $532.9m | $717.5m | $973.3m | $1.4b | $2.0b | $1.7b | $1.7b | $1.7b | |
| Operating Income (Loss) | ($26.0m) | ($27.3m) | ($16.4m) | ($45.7m) | ($113.2m) | ($301.8m) | ($649.5m) | ($198.8m) | $2.7m | $120.6m | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | — | $800k | $4.4m | $10.7m | $35.8m | $66.4m | $174.5m | $151.1m | $136.5m | $135.4m | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | $666k | ($951k) | $105k | $3.0m | — | — | — | — | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | ($27.9m) | ($27.8m) | ($29.6m) | ($64.8m) | ($94.0m) | ($394.4m) | ($898.0m) | ($190.9m) | ($88.9m) | $14.9m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | ($29.1m) | ($25.9m) | ($26.1m) | ($56.9m) | ($82.1m) | ($373.7m) | ($874.1m) | ($156.8m) | ($47.2m) | $56.2m | |
| Net Income (Loss) Attributable to Parent | ($29.3m) | ($26.1m) | ($26.2m) | ($53.6m) | ($83.0m) | ($376.2m) | ($879.2m) | ($165.2m) | ($58.3m) | $43.4m | |
| Earnings Per Share, Basic | ($0.40) | ($0.34) | ($0.33) | ($0.64) | ($0.94) | ($4.10) | ($9.23) | ($1.74) | ($0.63) | $0.48 | |
| Earnings Per Share, Diluted | ($0.40) | ($0.34) | ($0.33) | ($0.64) | ($0.94) | ($4.10) | ($9.23) | ($1.74) | ($0.63) | $0.48 | |
| Weighted Average Number of Shares Outstanding, Basic | — | — | — | — | — | 91.7m | 95.2m | 94.9m | 92.1m | 89.5m | |
| Weighted Average Number of Shares Outstanding, Diluted | — | — | — | — | — | 91.7m | 95.2m | 94.9m | 92.1m | 91.2m | |
| Other income (expense): | |||||||||||
| Research and Development Expense | $65.5m | $75.1m | $101.0m | $136.4m | $189.5m | $309.7m | $362.3m | $335.9m | $329.3m | $317.0m | |
| Selling and Marketing Expense | $192.5m | $260.1m | $329.1m | $439.1m | $583.8m | $854.2m | $1.1b | $1.1b | $1.1b | $1.1b | |
| General and Administrative Expense | $55.5m | $72.3m | $102.8m | $142.0m | $200.0m | $284.3m | $292.9m | $333.0m | $266.4m | $258.4m | |
| Other Nonoperating Income (Expense) | ($2.4m) | $1.5m | $6.5m | — | — | ($7.6m) | ($219.8m) | $78.0m | $15.1m | ($4.0m) | |
| Interest Expense (non-operating) | — | — | — | — | — | — | — | — | $65.0m | $60.3m | |
| Current Income Tax Expense (Benefit) | $272k | $305k | $443k | $614k | $1.6m | $4.3m | $5.8m | $7.8m | $14.7m | $10.7m | |
| Interest Expense | $746k | $99k | $16.1m | $20.5m | $49.3m | $64.4m | $4.8m | $36.0m | $65.0m | $60.3m | |
| Interest Expense, Debt | — | — | — | — | — | — | — | $33.9m | $63.4m | $57.5m | |
| Other Cost of Operating Revenue | $18.7m | $32.1m | — | — | — | — | — | — | — | — | |
| Restructuring and Related Cost, Incurred Cost | — | — | — | — | — | — | $8.0m | $15.4m | $12.6m | $18.1m | |
| Restructuring Costs | — | — | — | — | — | — | $18.2m | $20.4m | $12.6m | $18.1m | |
| Income Tax Expense (Benefit) | $236k | $258k | $140k | ($3.3m) | $934k | $2.5m | $5.1m | $8.4m | $11.1m | $12.8m | |
| Nonoperating Income (Expense) | ($3.1m) | $1.4m | ($9.6m) | ($11.3m) | $31.2m | ($71.9m) | ($224.6m) | $42.0m | ($49.9m) | ($64.3m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.