Ringcentral (RNG) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Ringcentral

NYSE•Technology•Software - Application

$73.54+1.11(0.02%)Pre-market

Market Cap

$6.29B

P/E

57.0x

P/S

2.4x

RingCentral, Inc., an agentic voice AIpowered cloud business communication services provider, delivering an integrated platform for business phone, SMS, contact center, workforce engagement management, video collaboration, and messaging. The company's products include RingEX, a AI-powered unified communications as a service platform for collaboration across voice, messaging, and video; RingCentral Contact Center, a contact center solution that delivers AI-powered omni-channel and workforce engagement solutions; RingCentral Customer Engagement Bundle, a comprehensive solution that includes phone, messaging, and SMS for businesses; and RingCX, a contact center as a service solution for AI-powered customer engagement with CRM integrations. It also offers artificial intelligence (AI) solutions, such as AI Receptionist, a voice AI agent that automates and handles inbound communication; AI Virtual Assistant, which provides real time call and meeting summaries, capturing key points, open questions and action items; AI-based Quality Management, an automated conversation evaluation platform to identify compliance risks, coaching opportunities, and performance insights; AI Agent Assist, a real-time AI guidance for agents; AI Supervisor Assist, a real-time AI insights and recommendations for supervisors; and RingCentral Events, a virtual and hybrid events platform for multi-session conferences, branded experiences, registration, and attendee networking with AI-powered engagement tools. It serves a range of industries, including healthcare, financial and professional services, retail, state and local government, education, legal services, real estate, technology, insurance, construction and hospitality, and others. The company sells its products to enterprise customers, and small and medium-sized businesses through resellers and distributors, partners, and global service providers. RingCentral, Inc. was incorporated in 1999 and is headquartered in Belmont, California.

How this company scores

WeakMetricSide Score: 63/100

Grade capped at D — Negative equity — the balance sheet is insolvent. Strongest: Cash & Earnings Quality (25/25); weakest: Balance Sheet & Red Flags (7/25).

Profitability10/25

Growth21/25

Balance Sheet & Red Flags7/25

Cash & Earnings Quality25/25

Strengths

Rising free cash flowRising earningsCash-backed earningsConsistent free cash flow

Grade capped at D

Negative equity — the balance sheet is insolvent.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 57.0x5y range 36.4x – 209.4x

Currently near its 4-quarter median.

P/S · 2.4x5y range 0.9x – 13.2x

Currently above its 20-quarter median.

P/B · 235.9x5y range 53.6x – 430.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $6.29B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $2.58B
Q. Revenue: $657.01M
TTM EBITDA: $262.86M
TTM Op. Income: $173.56M
Q. Op. Income: $50.28M
TTM Net Income: $110.26M
Q. Net Income: $39.12M
EPS: $0.47
Shares Out.: $84.05M

$2.58B in TTM revenue grew 5.2% YoY, reaching $657.01M last quarter. TTM EBITDA of $262.86M and TTM operating income of $173.56M show growth is flowing through to the bottom line. TTM net income of $110.26M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 71.9%
EBITDA Margin: 11.2%
Op. Margin: 7.7%
Net Margin: 6.0%

Op. margin of 7.7% is up 1.7% YoY — cost efficiency is improving. Net margin at 6.0% and gross margin of 71.9% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 28% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 57.0x
P/S Ratio: 2.4x
P/B Ratio: N/A

At 57.0x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 2.4x and P/B of 0.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 0% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.38B
Cash: $111.50M
Long-Term Debt: $1.07B
Book Value: $-610.36M
D/E Ratio: N/A
Debt/EBITDA: 14.7

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $206.43M
TTM Free Cash Flow: $638.14M
FCF Margin: 24.7%
FCF / Net Income: 5.8

TTM FCF of $638.14M on $206.43M in operating cash flow. The FCF / Net Income ratio of 5.8x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 7 consecutive quarters — an improving trend.