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.

Ringcentral was founded in 2003 and is headquartered in Belmont, US

CSO

Vice President of Product Management

Senior Vice President of Worldwide Sales

Senior Vice President of Strategy

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

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.

- Source: SEC Filings

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 160.5 m | 219.9 m | 296.2 m | 379.7 m |

## Revenue growth, % | 37% | 35% | 28% | |

## Cost of goods sold | 61.5 m | 76.8 m | 87.3 m | 92.2 m |

## Gross profit | 99 m | 143.1 m | 209 m | 287.5 m |

## Gross profit Margin, % | 62% | 65% | 71% | 76% |

## Sales and marketing expense | 72.3 m | 104.8 m | 139.9 m | 192.5 m |

## R&D expense | 33.4 m | 44.6 m | 52.9 m | 65.5 m |

## General and administrative expense | 34.3 m | 38.9 m | 47.1 m | 55.5 m |

## Operating expense total | 140 m | 188.3 m | 239.9 m | 313.5 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) |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 52.8 m | 56.9 m | 65.3 m | 70.7 m | 76.8 m | 86.5 m | 91.8 m | 96.8 m | 111.8 m |

## Cost of goods sold | 19.5 m | 19.4 m | 20.5 m | 21.5 m | 22.3 m | 21.7 m | 22.4 m | 23.5 m | 27.3 m |

## Gross profit | 33.2 m | 37.5 m | 44.8 m | 49.2 m | 54.4 m | 64.8 m | 69.5 m | 73.4 m | 84.5 m |

## Gross profit Margin, % | 63% | 66% | 69% | 70% | 71% | 75% | 76% | 76% | 76% |

## Sales and marketing expense | 25.7 m | 26.7 m | 32 m | 34.6 m | 34.9 m | 41.8 m | 45.7 m | 50.3 m | 58.9 m |

## R&D expense | 10.9 m | 11.9 m | 11.8 m | 12.3 m | 13.5 m | 14.9 m | 16.7 m | 16.5 m | 17.1 m |

## General and administrative expense | 9.5 m | 9.7 m | 10.5 m | 11.8 m | 11.9 m | 14 m | 13.4 m | 13.6 m | 15.8 m |

## Operating expense total | 46.1 m | 48.4 m | 54.3 m | 58.7 m | 60.3 m | 70.8 m | 75.8 m | 80.4 m | 91.8 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 k | 19 k | 83 k | (1.4 m) | (56 k) | 50 k | 57 k | 46 k | 51 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) |

- Source: SEC Filings

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 116.4 m | 113.2 m | 137.6 m | 160.4 m |

## Accounts Receivable | 3 m | 7.7 m | 19.2 m | 30.2 m |

## Inventories | 5.2 m | 8.8 m | 12 m | 15.3 m |

## Current Assets | 126.7 m | 159.8 m | 171 m | 205.9 m |

## PP&E | 16.7 m | 25.5 m | 28.2 m | 32 m |

## Goodwill | 9.4 m | 9.4 m | ||

## Total Assets | 145.2 m | 188.3 m | 214.8 m | 252.6 m |

## Accounts Payable | 4.4 m | 4.2 m | 5.2 m | 7.8 m |

## Total Debt | 34.2 m | 24.6 m | 18.6 m | 14.8 m |

## Current Liabilities | 51.7 m | 76.3 m | 80.6 m | 116 m |

## Total Liabilities | 122.6 m | |||

## Common Stock | 1 k | 5 k | 6 k | 6 k |

## Additional Paid-in Capital | 193.6 m | 274.8 m | 319.8 m | 366.8 m |

## Retained Earnings | (129.8 m) | (178.1 m) | (210.2 m) | (239.5 m) |

## Total Equity | 96.5 m | 110.1 m | 130 m | |

## Debt to Equity Ratio | 0.3 x | 0.2 x | 0.1 x | |

## Debt to Assets Ratio | 0.2 x | 0.1 x | 0.1 x | 0.1 x |

## Financial Leverage | 2 x | 2 x | 1.9 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 151.4 m | 120.7 m | 114.2 m | 120.8 m | 130 m | 139.1 m | 147.8 m | 152.4 m | 149.7 m |

## Accounts Receivable | 5.1 m | 7.4 m | 11.6 m | 12.2 m | 15.2 m | 25.6 m | 24.2 m | 23.6 m | 31.3 m |

## Inventories | 2.2 m | 2 m | 2.1 m | 2.4 m | 2.3 m | 902 k | 122 k | 84 k | |

## Current Assets | 167.8 m | 167.2 m | 158.9 m | 158.5 m | 162.5 m | 178.5 m | 186.7 m | 192.7 m | 198.4 m |

## PP&E | 24.5 m | 25.9 m | 26.7 m | 28.5 m | 29.1 m | 27.5 m | 29.1 m | 31.1 m | 34.2 m |

## Goodwill | 9.4 m | 9.4 m | 9.4 m | 9.4 m | 9.4 m | 9.4 m | |||

## Total Assets | 194.4 m | 195.9 m | 188.2 m | 202.9 m | 207.2 m | 221.6 m | 231.2 m | 238.8 m | 246.9 m |

## Accounts Payable | 4.3 m | 5.7 m | 4.9 m | 6 m | 4.2 m | 2.8 m | 2 m | 4.7 m | 4.7 m |

## Current Liabilities | 60.3 m | 79.9 m | 80.9 m | 87.7 m | 79.9 m | 87.4 m | 92.8 m | 108.5 m | 106 m |

## Common Stock | 7 k | 7 k | 7 k | 7 k | 7 k | 7 k | 7 k | 7 k | 7 k |

## Additional Paid-in Capital | 262.4 m | 268.2 m | 281.1 m | 297.2 m | 306 m | 326.9 m | 340.3 m | 351.8 m | 378.5 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 m | 99.9 m | 92.4 m | 100.1 m | 102.9 m | 111.1 m | 117.9 m | 122.1 m | 134.5 m |

## Financial Leverage | 1.8 x | 2 x | 2 x | 2 x | 2 x | 2 x | 2 x | 2 x | 1.8 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | (46.1 m) | (48.3 m) | (32.1 m) | (29.3 m) |

## Depreciation and Amortization | 9 m | 10.4 m | 13.5 m | 14.7 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 m | 1.5 m |

## Cash From Operating Activities | (23.8 m) | (11.4 m) | 5.1 m | 29.7 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 m | 54.8 m | 12.6 m | 9.3 m |

## Interest Paid | 2.4 m | 1.3 m | 1.9 m | 711 k |

## Income Taxes Paid | 46 k | 96 k | 100 k | 229 k |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 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 m | 7.4 m | 11.6 m | 12.2 m | 15.2 m | 25.6 m | 24.2 m | 23.6 m | 31.3 m |

## Inventories | 2.2 m | 2 m | 2.1 m | 2.4 m | 2.3 m | 902 k | 122 k | 84 k | |

## Accounts Payable | 4.3 m | 5.7 m | 4.9 m | 6 m | 4.2 m | 2.8 m | 2 m | 4.7 m | 4.7 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 107.8 k |

## Financial Leverage | 1.8 x |

Ringcentral's Customers was reported to be 350 k in FY, 2016

- Source: SEC Filings

Source: 65 public H-1B filings from Ringcentral