OverviewSuggest Edit

RingCentral is a provider of cloud computing based phone systems to help small businesses manage mobile, fax, and email communications. Its business communications solutions provide a single user identity across multiple locations and devices such as smartphones, tablets, personal computers, and desk phones and allow communication across channels including voice, video, short messaging service, messaging and collaboration, conferencing, online meetings, and fax. Its products include RingCentral Office, RingCentral Professional, RingCentral Fax, RingCentral Contact Center, and RingCentral Glip.

TypePublic
Founded1999
HQBelmont, CA, US
Websiteringcentral.com
Employee Ratings4.6
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2019)2,363(+27%)
Job Openings333
Revenue (FY, 2020)$1.2 B(+32%)
Share Price (Sept 2021)$218.6
Cybersecurity ratingBMore

Key People/Management at RingCentral

Vlad Shmunis

Vlad Shmunis

Chief Executive Officer, Founder, and Chairman of the Board
Arne Duncan

Arne Duncan

Director
Anand Eswaran

Anand Eswaran

President and Chief Operating Officer
Deepti Illa

Deepti Illa

VP, Enterprise Marketing
Vlad Vendrow

Vlad Vendrow

Co-Founder and Chief Technology Officer
Kira Makagon

Kira Makagon

Executive Vice President and Chief Innovation Officer
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RingCentral Office Locations

RingCentral has offices in Belmont, Boulder, Centennial, Charlotte and in 8 other locations
Belmont, CA, US (HQ)
20 Davis Dr
Boulder, CO, US
2545 Central Ave #200
Centennial, CO, US
8005 S Chester St #200
Charlotte, NC, US
BB&T Center, 200 S College St #2200
Fort Lauderdale, FL, US
6400 N Andrews Ave #200
New York, NY, US
135 Madison Ave Ste 07-103
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RingCentral Financials and Metrics

RingCentral Revenue

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RingCentral's revenue was reported to be $1.18 b in FY, 2020
USD

Revenue (FY, 2020)

1.2b

Gross profit (FY, 2020)

860.1m

Gross profit margin (FY, 2020), %

72.7%

Net income (FY, 2020)

(83.0m)

EBIT (FY, 2020)

(113.2m)

Market capitalization (15-Sept-2021)

19.9b

Closing stock price (15-Sept-2021)

218.6

Cash (31-Dec-2020)

639.9m

EV

20.7b
RingCentral's current market capitalization is $19.9 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

501.5m673.6m902.9m1.2b

Revenue growth, %

32%34%34%

Cost of goods sold

121.3m157.1m231.0m323.6m

Gross profit

380.3m516.5m671.8m860.1m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

150.3m160.8m173.8m201.5m215.2m233.4m267.5m278.0m303.6m

Cost of goods sold

35.7m38.1m39.3m50.8m53.6m59.7m73.4m76.6m82.3m

Gross profit

114.7m122.8m134.6m150.7m161.5m173.6m194.1m201.3m221.3m

Gross profit Margin, %

76%76%77%75%75%74%73%72%73%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

181.2m566.3m343.6m639.9m

Accounts Receivable

45.3m94.4m130.0m176.0m

Prepaid Expenses

21.5m23.8m25.4m46.5m

Current Assets

248.0m707.5m535.5m926.1m
Quarterly
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(26.1m)(26.2m)(53.6m)(83.0m)

Depreciation and Amortization

16.2m23.3m37.9m75.6m

Accounts Payable

176.0k2.8m21.8m21.9m

Cash From Operating Activities

41.2m72.1m64.8m(35.2m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

(2.7m)(11.0m)(20.5m)(6.4m)(15.6m)(28.3m)(60.7m)(60.2m)(81.2m)

Depreciation and Amortization

5.5m11.5m17.2m7.7m16.5m26.1m16.5m34.5m53.6m

Accounts Payable

(2.8m)(499.0k)(1.1m)7.8m11.1m10.6m888.0k(973.0k)5.2m

Cash From Operating Activities

12.2m28.9m49.1m20.2m44.2m71.0m13.1m40.1m(32.7m)
USDFY, 2017

Revenue/Employee

371.0k

Financial Leverage

1.8 x
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RingCentral Operating Metrics

Q3, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020

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$39.8 m$42.8 m$45.5 m$49.1 m$52.5 m$56.1 m$60.5 m$64.7 m$69.2 m$73.5 m$80 m$85.8 m$92.2 m$98.3 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$478 m$513.7 m$546.4 m$589 m$629.6 m$673.6 m$725.8 m$776.7 m$830.8 m$881.4 m$960.1 m$1.03 b$1.11 b$1.18 b

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$398.9 m$433.7 m$466.2 m$509.2 m$548 m$591.7 m$644.1 m$694 m$749.2 m$800.3 m$876.8 m$943.3 m$1.02 b$1.09 b

Patents (US)

5485106135142146151153161167197
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RingCentral Acquisitions / Subsidiaries

Company NameDateDeal Size
DeepAffectsDecember 21, 2020
Connect First, Inc.January 14, 2019$36.4 m
Dimelo SAOctober 22, 2018$36.1 m
Glip, Inc.January 19, 2015
RCLEC, Inc.
RCVA, Inc.
RingCentral Australia Pty Ltd
RingCentral Brasil Soluces EM TI LTDA
RingCentral B.V.
RingCentral Canada Inc.
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RingCentral Revenue Breakdown

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RingCentral revenue breakdown by business segment: 90.6% from Software Subscriptions and 9.4% from Other

RingCentral Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

SecurityScorecard logo

RingCentral Online and Social Media Presence

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RingCentral Company Culture

  • Overall Culture

    A+

    86/100

  • CEO Rating

    A+

    92/100

  • Compensation

    A+

    88/100

  • Diversity

    A+

    85/100

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RingCentral News and Updates

Global Hosted PBX Market Report 2021 Featuring AT&T, Cisco, BT Group, 8*8, Avaya, MegaPath, Polycom, Ringcentral, Ozonetel, Comcast Business, Bullseye Telecom, Telesystem, Mitel Networks, 3CX

Dublin, Aug. 24, 2021 (GLOBE NEWSWIRE) -- The "Global Hosted PBX Market (2021-2026) by Component, Services, Organization Size, Vertical, Geography, Competitive Analysis and the Impact of COVID-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering. The Global Hosted PB…

Global Unified Communication as a Service (UCaaS) Market Report 2021-2026 Featuring Key Vendors - 88, Cisco, Google, LogMeIn, Microsoft, Mitel, RingCentral, Vonage

Dublin, Aug. 20, 2021 (GLOBE NEWSWIRE) -- The "Unified Communication as a Service (UCaaS) Market - Global Outlook & Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering. The unified communication as a service market is expected to reach USD 87.20 Billion by 2026, grow…

Millennia Technologies Is Now Part of the RingCentral High-Performing Partner Program

GRAND RAPIDS, Mich., Feb. 24, 2021 /PRNewswire/ -- Millennia Technologies, a telecommunications provider for Midwest businesses, has been accepted into the elite RingCentral High-Performing Partner Program at the premium level. Becoming a RingCentral Premium Partner confirms Millennia's...

RingCentral acquires conversational AI startup DeepAffects

RingCentral, which creates cloud-based enterprise communication and collaboration tools, has acquired conversational AI startup DeepAffects.

RingCentral stock up after Q3 beat, raised guidance

Shares of RingCentral Inc. rose nearly 5% in the extended session Monday after the VoIP and other cloud communications provider reported third-quarter results above Wall Street expectations and raised its 2020 guidance. RingCentral said it lost $21 million, or 24 cents a share, in the quarter, comp…
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RingCentral Blogs

Work hours are falling apart. Here’s why that’s a problem

Before we worked from home en masse, collaboration was pretty straightforward. With everyone in the same office at the same time—day in and day out—there were ample opportunities to see colleagues and work together.  You could book a meeting room for a planned session. If something came up on the f…

Your guide to small business budgeting

For new small business owners, preparing a budget can be overwhelming. Unknown values make financial planning tricky, and business budgeting can seem like a time-consuming, technical, and restrictive process. In fact, some 50% of small businesses chose to avoid doing a documented budget in 2020, co…

Working remotely? Try these 4 meeting features to keep everyone engaged

Highlights: With remote and hybrid work on the rise, video meetings should bridge the gap between in-office and remote experiences. That means keeping teams connected, engaged, and free to work their way. But how can in-person meetings be replicated in a virtual space? How can teams use video to co…

The advent of RingCentral’s cutting-edge dynamic end-to-end encryption

With the release of an end-to-end encryption (E2EE) option for our video products, RingCentral has leapfrogged its competition and positioned itself at the forefront of cybersecurity innovation. We believe that this first-of-its-kind innovation became essential as working out-of-office became a nec…

Better together

Highlights: GSP accelerates large service providers’ transition to the cloud Service Providers partner with dedicated product and marketing experts on product roadmaps, messaging, sales enablement, and go-to-market plans.   Read any analyst’s report on RingCentral, and you’ll see a theme develop: s…

Grow your investment advisory with the right digital tools

Highlights: A changing landscape means prospecting is more challenging for investment advisors Prospects want flexible communication channels and a deeper connection with advisors A financial services communications platform offers multiple channels and makes it easy to connect with prospects When …
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RingCentral Frequently Asked Questions

  • When was RingCentral founded?

    RingCentral was founded in 1999.

  • Who are RingCentral key executives?

    RingCentral's key executives are Vlad Shmunis, Arne Duncan and Anand Eswaran.

  • How many employees does RingCentral have?

    RingCentral has 2,363 employees.

  • What is RingCentral revenue?

    Latest RingCentral annual revenue is $1.2 b.

  • What is RingCentral revenue per employee?

    Latest RingCentral revenue per employee is $500.9 k.

  • Who are RingCentral competitors?

    Competitors of RingCentral include Placetel, Twilio and j2 Global.

  • Where is RingCentral headquarters?

    RingCentral headquarters is located at 20 Davis Dr, Belmont.

  • Where are RingCentral offices?

    RingCentral has offices in Belmont, Boulder, Centennial, Charlotte and in 8 other locations.

  • How many offices does RingCentral have?

    RingCentral has 13 offices.