RingCentral's cloud-based communication and collaboration platform offers a comprehensive set of capabilities that unify voice, business messaging, team collaboration, video conferencing, and online meetings. RingCentral revolutionizes the power of the cloud to help companies across the globe work smarter, radically improving the way businesses partner with customers and co-workers. The company offers nimble business communication solutions.
The company's capable platform offers more than VoIP phone service or cloud PBX. RingCentral delivers complete unified communications as a service (UCaaS)—the kind of solutions that integrate seamlessly within person's current application and framework, without expensive on-premise hardware or hassles. Bridging the divide across multiple devices—including smartphones, tablets, computers, and desk phones—RingCentral solutions provide today’s mobile workforce with the flexible communication tools needed to get the job done right.
Company Growth (employees)
Type
Public
HQ
Belmont, US
Founded
2003
Size (employees)
1,037 (est)+37%
Ringcentral was founded in 2003 and is headquartered in Belmont, US

Key People at Ringcentral

Michael  Machado

Michael Machado

CSO
David Lee

David Lee

Vice President of Product Management
Ryan Azus

Ryan Azus

Senior Vice President of Worldwide Sales
Praful Shah

Praful Shah

Senior Vice President of Strategy

Ringcentral Office Locations

Ringcentral has offices in Belmont, Centennial, Charlotte, Boca Raton and in 18 other locations
Belmont, US (HQ)
20 Davis Dr
London, GB
85 Uxbridge Rd
Boca Raton, US
202 5901 Broken Sound Pkwy Nw
Charlotte, US
2320 121 W Trade St
Centennial, US
200 8005 S Chester St
Show all (22)

Ringcentral Data and Metrics

Ringcentral Financial Metrics

Ringcentral's revenue was reported to be $111.8 m in Q1, 2017
USD

Revenue (Q1, 2017)

111.8 m

Gross profit (Q1, 2017)

84.5 m

Gross profit margin (Q1, 2017), %

76%

Net income (Q1, 2017)

(7.3 m)

EBIT (Q1, 2017)

(7.3 m)

Market capitalization (25-Jul-2017)

2.7 b

Cash (31-Mar-2017)

149.7 m
Ringcentral's current market capitalization is $2.7 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

160.5 m219.9 m296.2 m379.7 m

Revenue growth, %

37%35%28%

Cost of goods sold

61.5 m76.8 m87.3 m92.2 m

Gross profit

99 m143.1 m209 m287.5 m

Gross profit Margin, %

62%65%71%76%

Sales and marketing expense

72.3 m104.8 m139.9 m192.5 m

R&D expense

33.4 m44.6 m52.9 m65.5 m

General and administrative expense

34.3 m38.9 m47.1 m55.5 m

Operating expense total

140 m188.3 m239.9 m313.5 m

EBIT

(41 m)(45.2 m)(30.9 m)(26 m)

EBIT margin, %

(26%)(21%)(10%)(7%)

Interest expense

(5.4 m)(2 m)(1.1 m)(746 k)

Income tax expense

(45 k)97 k(1.3 m)236 k

Net Income

(46.1 m)(48.3 m)(32.1 m)(29.3 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

52.8 m56.9 m65.3 m70.7 m76.8 m86.5 m91.8 m96.8 m111.8 m

Cost of goods sold

19.5 m19.4 m20.5 m21.5 m22.3 m21.7 m22.4 m23.5 m27.3 m

Gross profit

33.2 m37.5 m44.8 m49.2 m54.4 m64.8 m69.5 m73.4 m84.5 m

Gross profit Margin, %

63%66%69%70%71%75%76%76%76%

Sales and marketing expense

25.7 m26.7 m32 m34.6 m34.9 m41.8 m45.7 m50.3 m58.9 m

R&D expense

10.9 m11.9 m11.8 m12.3 m13.5 m14.9 m16.7 m16.5 m17.1 m

General and administrative expense

9.5 m9.7 m10.5 m11.8 m11.9 m14 m13.4 m13.6 m15.8 m

Operating expense total

46.1 m48.4 m54.3 m58.7 m60.3 m70.8 m75.8 m80.4 m91.8 m

EBIT

(12.8 m)(10.8 m)(9.6 m)(9.5 m)(5.8 m)(6 m)(6.3 m)(7.1 m)(7.3 m)

EBIT margin, %

(24%)(19%)(15%)(13%)(8%)(7%)(7%)(7%)(7%)

Interest expense

(476 k)(505 k)(403 k)(279 k)(245 k)(216 k)(193 k)(176 k)(79 k)

Pre tax profit

(10.5 m)(6.6 m)(7.3 m)

Income tax expense

137 k19 k83 k(1.4 m)(56 k)50 k57 k46 k51 k

Net Income

(13.3 m)(12 m)(10.6 m)(8.2 m)(6.3 m)(6.6 m)(7.8 m)(8 m)(7.3 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

116.4 m113.2 m137.6 m160.4 m

Accounts Receivable

3 m7.7 m19.2 m30.2 m

Inventories

5.2 m8.8 m12 m15.3 m

Current Assets

126.7 m159.8 m171 m205.9 m

PP&E

16.7 m25.5 m28.2 m32 m

Goodwill

9.4 m9.4 m

Total Assets

145.2 m188.3 m214.8 m252.6 m

Accounts Payable

4.4 m4.2 m5.2 m7.8 m

Total Debt

34.2 m24.6 m18.6 m14.8 m

Current Liabilities

51.7 m76.3 m80.6 m116 m

Total Liabilities

122.6 m

Common Stock

1 k5 k6 k6 k

Additional Paid-in Capital

193.6 m274.8 m319.8 m366.8 m

Retained Earnings

(129.8 m)(178.1 m)(210.2 m)(239.5 m)

Total Equity

96.5 m110.1 m130 m

Debt to Equity Ratio

0.3 x0.2 x0.1 x

Debt to Assets Ratio

0.2 x0.1 x0.1 x0.1 x

Financial Leverage

2 x2 x1.9 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

151.4 m120.7 m114.2 m120.8 m130 m139.1 m147.8 m152.4 m149.7 m

Accounts Receivable

5.1 m7.4 m11.6 m12.2 m15.2 m25.6 m24.2 m23.6 m31.3 m

Inventories

2.2 m2 m2.1 m2.4 m2.3 m902 k122 k84 k

Current Assets

167.8 m167.2 m158.9 m158.5 m162.5 m178.5 m186.7 m192.7 m198.4 m

PP&E

24.5 m25.9 m26.7 m28.5 m29.1 m27.5 m29.1 m31.1 m34.2 m

Goodwill

9.4 m9.4 m9.4 m9.4 m9.4 m9.4 m

Total Assets

194.4 m195.9 m188.2 m202.9 m207.2 m221.6 m231.2 m238.8 m246.9 m

Accounts Payable

4.3 m5.7 m4.9 m6 m4.2 m2.8 m2 m4.7 m4.7 m

Current Liabilities

60.3 m79.9 m80.9 m87.7 m79.9 m87.4 m92.8 m108.5 m106 m

Common Stock

7 k7 k7 k7 k7 k7 k7 k7 k7 k

Additional Paid-in Capital

262.4 m268.2 m281.1 m297.2 m306 m326.9 m340.3 m351.8 m378.5 m

Retained Earnings

(156 m)(168 m)(188.7 m)(196.9 m)(203.3 m)(216.8 m)(224.6 m)(232.6 m)(246.8 m)

Total Equity

105.8 m99.9 m92.4 m100.1 m102.9 m111.1 m117.9 m122.1 m134.5 m

Financial Leverage

1.8 x2 x2 x2 x2 x2 x2 x2 x1.8 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(46.1 m)(48.3 m)(32.1 m)(29.3 m)

Depreciation and Amortization

9 m10.4 m13.5 m14.7 m

Accounts Receivable

(355 k)(4.6 m)(11.9 m)(11.7 m)

Inventories

(1.9 m)(3.6 m)(3.6 m)(3.3 m)

Accounts Payable

(453 k)(510 k)1.6 m1.5 m

Cash From Operating Activities

(23.8 m)(11.4 m)5.1 m29.7 m

Purchases of PP&E

(10.8 m)(18 m)(14.6 m)(14.2 m)

Cash From Investing Activities

(10.9 m)(46.7 m)6.4 m(16.4 m)

Long-term Borrowings

(9.9 m)(6.1 m)(3.8 m)

Cash From Financing Activities

113.2 m54.8 m12.6 m9.3 m

Interest Paid

2.4 m1.3 m1.9 m711 k

Income Taxes Paid

46 k96 k100 k229 k
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(13.3 m)(12 m)(10.6 m)(8.2 m)(6.3 m)(6.6 m)(7.8 m)(8 m)(7.3 m)

Accounts Receivable

5.1 m7.4 m11.6 m12.2 m15.2 m25.6 m24.2 m23.6 m31.3 m

Inventories

2.2 m2 m2.1 m2.4 m2.3 m902 k122 k84 k

Accounts Payable

4.3 m5.7 m4.9 m6 m4.2 m2.8 m2 m4.7 m4.7 m
USDY, 2017

Revenue/Employee

107.8 k

Financial Leverage

1.8 x

Ringcentral Operating Metrics

Ringcentral's Customers was reported to be 350 k in FY, 2016
Q3, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017

Monthly Recurring Subscriptions

$18.3 m$21.1 m$22.9 m$24.8 m$28.4 m$30.3 m$32.5 m$37.6 m

Annualized Exit Monthly Recurring Subscriptions

$219.8 m$253.7 m$274.6 m$297.5 m$340.3 m$364 m$389.5 m$450.8 m

Annualized Exit Monthly Recurring Subscriptions (RingCentral Office)

$153.7 m$185.4 m$205.4 m$227.7 m$269.3 m$291.9 m$316.8 m$373 m

Patents (US)

5485106

Patents Pending

746674

Customers

350 k

Ringcentral Market Value History

Ringcentral Revenue Breakdown

Ringcentral Job Categories

Ringcentral Median Salaries

Source: 65 public H-1B filings from Ringcentral

Ringcentral Online and Social Media Presence

Ringcentral News and Updates

Ringcentral Company Life and Culture

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