Ringcentral (RNG) Stock Fundamentals, Analysis & Risk Signals

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

Ringcentral

NYSE•Technology•Software - Application

$78.14+0.40(0.01%)Pre-market

Market Cap

$6.55B

P/E

9.9x

P/S

2.5x

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: 68/100

Grade capped at D — Negative equity — the balance sheet is insolvent. Strongest: Cash & Earnings Quality (25/25); weakest: Balance Sheet & Red Flags (9/25).

Profitability13/25

Growth21/25

Balance Sheet & Red Flags9/25

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 · 9.9x5y range 9.9x – 209.4x

Currently below its 5-quarter median.

P/S · 2.5x5y range 0.9x – 11.4x

Currently above its 20-quarter median.

P/B · 235.9x5y range 53.6x – 235.9x

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 $6.55B

Metrics at a Glance

as of September 2026

Revenue & Profit

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

TTM Revenue: $2.62B
Q. Revenue: $676.04M
TTM EBITDA: $287.44M
TTM Op. Income: $196.64M
Q. Op. Income: $53.89M
TTM Net Income: $662.40M
Q. Net Income: $569.70M
EPS: $6.73
Shares Out.: $83.86M

$2.62B in TTM revenue grew 5.5% YoY, reaching $676.04M last quarter. TTM EBITDA of $287.44M and TTM operating income of $196.64M show growth is flowing through to the bottom line. TTM net income of $662.40M 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: 73.1%
EBITDA Margin: 11.4%
Op. Margin: 8.0%
Net Margin: 84.3%

Op. margin of 8.0% is up 3.1% YoY — cost efficiency is improving. Net margin at 84.3% and gross margin of 73.1% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 65% — an improving trend.

Price Ratios

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

P/E Ratio: 9.9x
P/S Ratio: 2.5x
P/B Ratio: N/A

At 9.9x P/E, the stock trades below typical market levels. P/S of 2.5x and P/B of 0.0x provide additional context. P/E sits below typical market levels while revenue is growing. Across the last 5 quarters, P/E has fallen for 4 consecutive quarters — an improving trend.

Assets & Liabilities

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

Total Assets: $1.88B
Cash: $110.12M
Long-Term Debt: $961.67M
Book Value: $-12.38M
D/E Ratio: N/A
Debt/EBITDA: 12.5

Cash Flow

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

Op. Cash Flow: $179.89M
TTM Free Cash Flow: $667.24M
FCF Margin: 25.5%
FCF / Net Income: 1.0

TTM FCF of $667.24M on $179.89M in operating cash flow. The FCF / Net Income ratio of 1.0x 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.