$7.1 B

RNG Mkt cap, 16-Aug-2018

$311.2 M

Ringcentral Revenue Q2, 2018
Ringcentral Gross profit (Q2, 2018)237.4 M
Ringcentral Gross profit margin (Q2, 2018), %76.3%
Ringcentral Net income (Q2, 2018)-11 M
Ringcentral EBIT (Q2, 2018)-6 M
Ringcentral Cash, 30-Jun-2018567.3 M

Ringcentral Revenue

Ringcentral revenue was $501.53 m in FY, 2017

Embed Graph

Ringcentral Revenue Breakdown

Embed Graph

Ringcentral revenue breakdown by business segment: 93.7% from Software Subscriptions and 6.3% from Other

Ringcentral Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

160.5 m219.9 m296.2 m379.7 m501.5 m

Revenue growth, %

37%35%28%

Cost of goods sold

61.5 m76.8 m87.3 m92.2 m121.3 m

Gross profit

99 m143.1 m209 m287.5 m380.3 m

Gross profit Margin, %

62%65%71%76%76%

Sales and marketing expense

72.3 m104.8 m139.9 m192.5 m260.1 m

R&D expense

33.4 m44.6 m52.9 m65.5 m75.1 m

General and administrative expense

34.3 m38.9 m47.1 m55.5 m72.3 m

Operating expense total

140 m188.3 m239.9 m313.5 m407.5 m

EBIT

(41 m)(45.2 m)(30.9 m)(26 m)(27.3 m)

EBIT margin, %

(26%)(21%)(10%)(7%)(5%)

Interest expense

5.4 m2 m1.1 m746 k99 k

Income tax expense

(45 k)97 k(1.3 m)236 k258 k

Net Income

(46.1 m)(48.3 m)(32.1 m)(29.3 m)(26.1 m)

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

41.9 m48.3 m52.8 m56.9 m65.3 m70.7 m76.8 m86.5 m91.8 m96.8 m111.8 m119 b129.8 b150.3 m311.2 m

Cost of goods sold

16 m17.9 m19.5 m19.4 m20.5 m21.5 m22.3 m21.7 m22.4 m23.5 m27.3 m29.6 b35.7 m73.7 m

Gross profit

26 m30.4 m33.2 m37.5 m44.8 m49.2 m54.4 m64.8 m69.5 m73.4 m84.5 m89.4 b114.7 m237.4 m

Gross profit Margin, %

62%63%63%66%69%70%71%75%76%76%76%75%76%76%

Sales and marketing expense

18.9 m24 m25.7 m26.7 m32 m34.6 m34.9 m41.8 m45.7 m50.3 m58.9 m60.8 b71.9 m150.9 m

R&D expense

8.2 m9.7 m10.9 m11.9 m11.8 m12.3 m13.5 m14.9 m16.7 m16.5 m17.1 m18.6 b22.7 m47.5 m

General and administrative expense

7.1 m9 m9.5 m9.7 m10.5 m11.8 m11.9 m14 m13.4 m13.6 m15.8 m18 b21.4 m45 m

Operating expense total

34.1 m42.6 m46.1 m48.4 m54.3 m58.7 m60.3 m70.8 m75.8 m80.4 m91.8 m97.4 b105.2 b116 m243.4 m

EBIT

(8.2 m)(12.2 m)(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)(7.5 b)(6.2 b)(1.4 m)(6 m)

EBIT margin, %

(19%)(25%)(24%)(19%)(15%)(13%)(8%)(7%)(7%)(7%)(7%)(6%)(5%)(1%)(2%)

Interest expense

995 k601 k476 k505 k403 k279 k245 k216 k193 k176 k79 k9 m6 m1.4 m6.2 m

Pre tax profit

(12.9 m)(10.5 m)(6.6 m)(7.3 m)(7 b)(5.6 b)(2.7 m)(10.8 m)

Income tax expense

54 k28 k137 k19 k83 k(1.4 m)(56 k)50 k57 k46 k51 k57 m73 m27 k166 k

Net Income

(8.9 m)(12.9 m)(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)(7 b)(5.7 b)(2.7 m)(11 m)

Ringcentral Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

116.4 m113.2 m137.6 m160.4 m181.2 m

Accounts Receivable

3 m7.7 m19.2 m30.2 m45.3 m

Inventories

5.2 m8.8 m12 m15.3 m

Current Assets

126.7 m159.8 m171 m205.9 m248 m

PP&E

16.7 m25.5 m28.2 m32 m43.3 m

Goodwill

9.4 m9.4 m9.4 m

Total Assets

145.2 m188.3 m214.8 m252.6 m305.2 m

Accounts Payable

4.4 m4.2 m5.2 m7.8 m7.3 m

Short-term debt

9.9 m16.8 m3.8 m14.5 m

Current Liabilities

51.7 m76.3 m80.6 m116 m126.7 m

Long-term debt

24.4 m7.8 m14.8 m312 k

Total Debt

34.2 m24.6 m18.6 m14.8 m

Total Liabilities

122.6 m133 m

Common Stock

1 k5 k6 k6 k7 k

Additional Paid-in Capital

193.6 m274.8 m319.8 m366.8 m434.8 m

Retained Earnings

(129.8 m)(178.1 m)(210.2 m)(239.5 m)(265.6 m)

Total Equity

96.5 m110.1 m130 m172.2 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 x1.8 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

25.5 m166.8 m151.4 m120.7 m114.2 m120.8 m130 m139.1 m147.8 m152.4 m149.7 m167 m172.3 m555 m567.3 m

Accounts Receivable

2.5 m3.9 m5.1 m7.4 m11.6 m12.2 m15.2 m25.6 m24.2 m23.6 m31.3 m33.3 m39.7 m55.4 m67 m

Inventories

2 m2.3 m2.2 m2 m2.1 m2.4 m2.3 m902 k122 k84 k22.2 m

Current Assets

41.6 m179.8 m167.8 m167.2 m158.9 m158.5 m162.5 m178.5 m186.7 m192.7 m198.4 m218.2 m234.2 m651.1 m678.1 m

PP&E

17.3 m19.2 m24.5 m25.9 m26.7 m28.5 m29.1 m27.5 m29.1 m31.1 m34.2 m36.6 m50.1 m55.1 m

Goodwill

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

Total Assets

60.8 m200.8 m194.4 m195.9 m188.2 m202.9 m207.2 m221.6 m231.2 m238.8 m246.9 m268.6 m289.4 m775.5 m813.3 m

Accounts Payable

6.5 m2.7 m4.3 m5.7 m4.9 m6 m4.2 m2.8 m2 m4.7 m4.7 m5.6 m10 m4.3 m6.4 m

Short-term debt

9.6 m9.7 m9.1 m18.5 m14.4 m14.5 m3.8 m3.8 m3.8 m14.5 m14.5 m14.5 m14.5 m

Current Liabilities

52.5 m60.9 m60.3 m79.9 m80.9 m87.7 m79.9 m87.4 m92.8 m108.5 m106 m108.6 m121.3 m138.1 m156.9 m

Long-term debt

27.8 m22.3 m20.5 m8.8 m6.9 m5.9 m15.8 m13.9 m13 m1.3 m312 k312 k312 k

Total Debt

37.4 m32 m29.6 m27.2 m21.3 m20.4 m19.5 m17.7 m16.7 m15.8 m14.8 m14.8 m14.8 m

Total Liabilities

86.1 m89 m88.6 m96 m95.7 m102.7 m104.3 m110.5 m113.3 m116.7 m112.5 m114.9 m127.5 m499.6 m522.3 m

Common Stock

5 k7 k7 k7 k7 k7 k7 k7 k7 k7 k7 k8 k8 k8 k8 k

Additional Paid-in Capital

91.2 m254.8 m262.4 m268.2 m281.1 m297.2 m306 m326.9 m340.3 m351.8 m378.5 m404.7 m418.6 m484.9 m508.7 m

Retained Earnings

(116.4 m)(142.7 m)(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)(253.8 m)(259.6 m)(212.2 m)(220.5 m)

Total Equity

111.8 m105.8 m99.9 m92.4 m100.1 m102.9 m111.1 m117.9 m122.1 m134.5 m153.7 m161.9 m275.9 m291 m

Debt to Equity Ratio

0.1 x

Debt to Assets Ratio

0.1 x

Financial Leverage

1.8 x1.8 x2 x2 x2 x2 x2 x2 x2 x1.8 x1.7 x1.8 x2.8 x2.8 x

Ringcentral Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(46.1 m)(48.3 m)(32.1 m)(29.3 m)(26.1 m)

Depreciation and Amortization

9 m10.4 m13.5 m14.7 m16.2 m

Accounts Receivable

(355 k)(4.6 m)(11.9 m)(11.7 m)(16.8 m)

Inventories

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

Accounts Payable

(453 k)(510 k)1.6 m1.5 m176 k

Cash From Operating Activities

(23.8 m)(11.4 m)5.1 m29.7 m41.2 m

Purchases of PP&E

(10.8 m)(18 m)(14.6 m)(14.2 m)(19.5 m)

Cash From Investing Activities

(10.9 m)(46.7 m)6.4 m(16.4 m)(26.4 m)

Long-term Borrowings

(9.9 m)(6.1 m)(3.8 m)(14.8 m)

Cash From Financing Activities

113.2 m54.8 m12.6 m9.3 m6.8 m

Interest Paid

2.4 m1.3 m1.9 m711 k116 k

Income Taxes Paid

46 k96 k100 k229 k216 k

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

(8.9 m)(12.9 m)(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)(5.7 b)(2.7 m)(11 m)

Depreciation and Amortization

5.5 m11.5 m

Accounts Receivable

5.1 m7.4 m11.6 m12.2 m15.2 m25.6 m24.2 m23.6 m31.3 m39.7 m(9.2 m)(21.5 m)

Inventories

2.2 m2 m2.1 m2.4 m2.3 m902 k122 k84 k22.2 m

Accounts Payable

4.3 m5.7 m4.9 m6 m4.2 m2.8 m2 m4.7 m4.7 m10 m(2.8 m)(499 k)

Cash From Operating Activities

12.2 m28.9 m

Purchases of PP&E

(4.6 m)(11.9 m)

Cash From Investing Activities

(25.8 m)(35.7 m)

Cash From Financing Activities

387.2 m392.5 m

Interest Paid

40 k

Income Taxes Paid

44 k239 k

Ringcentral Ratios

USDY, 2018

Financial Leverage

2.8 x
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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, 2017Q2, 2017Q3, 2017

Monthly Recurring Subscriptions

$18.30 m$21.10 m$22.90 m$24.80 m$28.40 m$30.30 m$32.50 m$37.60 m$39.80 m$42.80 m

Annualized Exit Monthly Recurring Subscriptions

$219.80 m$253.70 m$274.60 m$297.50 m$340.30 m$364 m$389.50 m$450.80 m$478 m$513.70 m

Annualized Exit Monthly Recurring Subscriptions (RingCentral Office)

$153.70 m$185.40 m$205.40 m$227.70 m$269.30 m$291.90 m$316.80 m$373 m$398.90 m$433.70 m

Customers

350 k

Patents (US)

54 85 106

Patents Pending

74 66 74
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