RingCentral Past Earnings Performance
Past criteria checks 0/6
RingCentral's earnings have been declining at an average annual rate of -22.4%, while the Software industry saw earnings growing at 19.9% annually. Revenues have been growing at an average rate of 20% per year.
Key information
-22.4%
Earnings growth rate
-21.3%
EPS growth rate
| Software Industry Growth | 17.3% |
| Revenue growth rate | 20.0% |
| Return on equity | n/a |
| Net Margin | -4.2% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
RingCentral: Under The Radar Pick -- Reiterating Buy
Nov 19RingCentral, Inc. (NYSE:RNG) Surges 30% Yet Its Low P/S Is No Reason For Excitement
Nov 08
RingCentral: Expect Continued Margin Expansion, Steady Debt Reduction
Sep 02There's No Escaping RingCentral, Inc.'s (NYSE:RNG) Muted Revenues Despite A 26% Share Price Rise
Aug 04RingCentral, Inc.'s (NYSE:RNG) Business And Shares Still Trailing The Industry
May 06RingCentral: Business Continues To Stabilize
Apr 08RingCentral: Making Progress, But Many Caveats Remain
Mar 03RingCentral, Inc.'s (NYSE:RNG) Low P/S No Reason For Excitement
Jan 21RingCentral's Growth Concerns And Financial Strain
Dec 21RingCentral, Inc. (NYSE:RNG) Shares Could Be 39% Below Their Intrinsic Value Estimate
Dec 14RingCentral: Rating Upgrade As Things Are Stabilizing
Dec 01RingCentral: Should Do Fine Long Term, But I'm Negative Near Term
Sep 27RingCentral: Looks Cheap, But Carries Too Much Debt
Sep 21RingCentral: Deserves Better In View Of Innovation And Conversational AI
Aug 01RingCentral: Navigating Growth Challenges
Jun 28RingCentral teams up with Amazon Web Services on cloud offerings
Feb 15RingCentral: Still Working From Home, Buy This UCaaS Stock
Dec 08Revenue & Expenses Breakdown
How RingCentral makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 2,357 | -98 | 1,371 | 326 |
| 30 Jun 24 | 2,307 | -133 | 1,392 | 327 |
| 31 Mar 24 | 2,253 | -139 | 1,388 | 327 |
| 31 Dec 23 | 2,202 | -165 | 1,386 | 331 |
| 30 Sep 23 | 2,156 | -402 | 1,375 | 333 |
| 30 Jun 23 | 2,107 | -645 | 1,351 | 334 |
| 31 Mar 23 | 2,054 | -783 | 1,352 | 350 |
| 31 Dec 22 | 1,988 | -879 | 1,338 | 357 |
| 30 Sep 22 | 1,912 | -713 | 1,324 | 358 |
| 30 Jun 22 | 1,818 | -576 | 1,296 | 357 |
| 31 Mar 22 | 1,710 | -527 | 1,229 | 337 |
| 31 Dec 21 | 1,595 | -376 | 1,138 | 310 |
| 30 Sep 21 | 1,481 | -260 | 1,025 | 280 |
| 30 Jun 21 | 1,370 | -134 | 924 | 244 |
| 31 Mar 21 | 1,269 | -22 | 840 | 211 |
| 31 Dec 20 | 1,184 | -83 | 784 | 189 |
| 30 Sep 20 | 1,102 | -106 | 736 | 172 |
| 30 Jun 20 | 1,032 | -98 | 683 | 158 |
| 31 Mar 20 | 969 | -108 | 631 | 147 |
| 31 Dec 19 | 903 | -54 | 581 | 136 |
| 30 Sep 19 | 839 | -34 | 534 | 125 |
| 30 Jun 19 | 779 | -31 | 500 | 116 |
| 31 Mar 19 | 725 | -30 | 467 | 108 |
| 31 Dec 18 | 674 | -26 | 432 | 101 |
| 30 Sep 18 | 626 | -21 | 399 | 94 |
| 30 Jun 18 | 583 | -11 | 364 | 87 |
| 31 Mar 18 | 542 | -5 | 336 | 81 |
| 31 Dec 17 | 504 | -4 | 313 | 75 |
| 30 Sep 17 | 467 | -11 | 294 | 72 |
| 30 Jun 17 | 433 | -19 | 277 | 70 |
| 31 Mar 17 | 405 | -25 | 262 | 68 |
| 31 Dec 16 | 380 | -16 | 236 | 66 |
| 30 Sep 16 | 359 | -29 | 230 | 62 |
| 30 Jun 16 | 339 | -28 | 213 | 59 |
| 31 Mar 16 | 317 | -28 | 200 | 55 |
| 31 Dec 15 | 296 | -32 | 187 | 53 |
| 30 Sep 15 | 275 | -35 | 175 | 50 |
| 30 Jun 15 | 255 | -41 | 165 | 48 |
| 31 Mar 15 | 237 | -46 | 153 | 47 |
| 31 Dec 14 | 220 | -48 | 144 | 45 |
| 30 Sep 14 | 203 | -52 | 131 | 42 |
| 30 Jun 14 | 188 | -48 | 125 | 38 |
| 31 Mar 14 | 173 | -49 | 113 | 36 |
| 31 Dec 13 | 161 | -46 | 104 | 33 |
Quality Earnings: RNG is currently unprofitable.
Growing Profit Margin: RNG is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: RNG is unprofitable, and losses have increased over the past 5 years at a rate of 22.4% per year.
Accelerating Growth: Unable to compare RNG's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: RNG is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (27.6%).
Return on Equity
High ROE: RNG's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 09:07 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
RingCentral, Inc. is covered by 45 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| William Power | Baird |
| Ishan Majumdar | Baptista Research |
| Ryan MacWilliams | Barclays |