RingCentral, Inc. earnings

RingCentral posted total revenue of $657.0 million in the second quarter of fiscal 2026, up 5.9% from the prior-year quarter. Subscriptions revenue was $634 million, or 96% of the total, and rose about 5.8%. Gross profit increased to $472.3 million from $441.4 million, and gross margin expanded to 71.9% from 71.2%.

RingCentral closed its fiscal 2026 first quarter with $644.2 million of total revenue, up 5.3% from the prior-year quarter and at the higher end of its own guidance. Subscriptions accounted for 97% of the total, with the rest coming from phones and professional services.

RingCentral closed fiscal 2025 with fourth-quarter revenue of $644.03 million, up 4.8% from the prior-year quarter, and full-year revenue of $2.515 billion, up 4.8%. Gross profit was $460.53 million in the quarter, up 5.5%, and gross margin reached 71.5%, up 0.5 percentage points.

RingCentral reported third quarter revenue of $638.66 million, up 4.9% from $608.76 million in the prior-year quarter. Gross profit was $458.33 million, up 6.9%, and gross margin improved to 71.8% from 70.4%. Operating income was $30.81 million, up from $3.29 million, which lifted operating margin to 4.8% from 0.5%.

RingCentral posted total revenue of $620.4 million for the second quarter of fiscal 2025, up 4.6% year over year. Gross profit was $441.4 million, up 6.1%, and gross margin reached 71.2%, up 1.0 percentage point.

RingCentral's fiscal 2025 first quarter showed steady top-line growth and a swing to GAAP operating profitability. Total revenue was $612.06 million, up 4.8% from the prior-year quarter. Gross profit was $431.61 million, up 4.3%, while gross margin was 70.5%, down 0.3 percentage points.

RingCentral closed fiscal 2024 with fourth-quarter revenue of $614.51 million, up 7.6% from the prior-year quarter. Full-year revenue reached $2.40 billion, up 9.0% from fiscal 2023. Gross profit rose to $436.34 million in the quarter, up 8.8%, and to $1.69 billion for the full year, up 10.2%.

RingCentral posted positive GAAP operating income for the first time in its history in the third quarter of 2024, though the bottom line stayed in the red. Total revenue was $608.8 million, up 9.1% year over year. GAAP gross profit was $428.6 million, up 10.1%, and gross margin was 70.4%, up 0.7 percentage points.

RingCentral entered the second quarter of fiscal 2024 with steady top-line growth and a much smaller loss profile. Total revenue was $592.91 million for the quarter, up 9.9% from the prior-year quarter. Gross profit reached $416.24 million, up 11.0%, as gross margin improved to 70.2%, up 0.7 percentage points.

RingCentral started fiscal 2024 with $584 million in first quarter revenue, up 9% from the prior year quarter. Subscriptions revenue rose 10% and accounted for 95% of the total. Annualized exit monthly recurring subscriptions reached $2.37 billion, up 10%.

RingCentral closed fiscal 2023 with fourth quarter revenue of $571.27 million, up 8.9% from $524.75 million in the prior-year quarter. Subscriptions revenue of $547 million rose 9% and accounted for 96% of the total. Gross margin was 70.2%, up 0.8 percentage points from 69.4%.

RingCentral reported third-quarter 2023 revenue of $558.16 million, up 9.7% year over year. GAAP gross profit rose 13.9% to $389.19 million, and gross margin improved to 69.7%, up 2.6 percentage points.

RingCentral closed the second quarter of fiscal 2023 with revenue of $539.3 million, up 10.8% from the prior-year quarter. Subscriptions revenue rose 11% and accounted for 95% of the total. Gross profit of $374.9 million was up 14.0% year over year, and gross margin of 69.5% expanded 2.0 percentage points from 67.5%.

RingCentral's first quarter of fiscal 2023, ended March 31, 2023, produced revenue of $533.69 million, up 14.1% from the prior-year quarter. Gross profit rose 19.5% to $373.01 million. Gross margin was 69.9%, up 3.1 percentage points. The company's GAAP operating loss narrowed 47.3% to $54.53 million.

RingCentral closed fiscal 2022 with fourth quarter revenue of $524.75 million, up 17.0% from the prior-year quarter. Full year revenue reached $1.99 billion, up 24.7% from 2021. Gross profit was $364.15 million in the quarter, up 16.5%, and $1.35 billion for the full year, up 17.5%.

RingCentral closed the third quarter of fiscal 2022 with total revenue of $509.0 million, up 22.8% from $414.6 million in the prior-year quarter. Nine-month revenue of $1.46 billion rose 27.7% year over year. Subscriptions accounted for 95% of the top line and grew 25%.

RingCentral closed the June 2022 quarter with total revenue of $486.9 million, up 28.4% from $379.3 million in the same quarter a year earlier. Revenue rose 30% after adjusting for constant currency, which shows how much the stronger dollar held back the reported number.

RingCentral reported $467.7 million of total revenue for the March 2022 quarter, up 32.7% from $352.4 million a year earlier. Subscriptions revenue rose 35% year over year and supplied the bulk of the top line, with the remainder coming from phones and professional services, which grew 2%.

RingCentral closed fiscal 2021 with $448.5 million of fourth-quarter revenue, up 34.1% year over year. Full-year revenue was $1.59 billion, up 34.7%. The company's annualized exit monthly recurring subscriptions reached $1.8 billion, up 39%.

RingCentral closed the September 2021 quarter with revenue of $414.63 million, up 36.6% year over year. Gross profit reached $304.18 million, up 37.4%, and gross margin was 73.4%, up 0.5 percentage points. Revenue and gross profit both rose by more than 36%. GAAP profitability moved the other way.

RingCentral's fiscal 2021 second quarter revenue rose 36.4% year over year to $379.27 million. Total annualized exit monthly recurring subscriptions increased 37% year over year to $1.5 billion. RingCentral Office ARR, which combines UCaaS and CCaaS, rose 41% to $1.4 billion.

RingCentral opened fiscal 2021 with total revenue of $352.4 million, up 31.7% from the prior-year quarter. Subscription revenue grew 34% and accounted for 92% of the total. Annualized Exit Monthly Recurring Subscriptions reached $1.4 billion, up 37% year over year. RingCentral Office ARR rose 40% to $1.3 billion.