The earnings call reflected a positive outlook for RingCentral, with strong financial performance, significant customer wins, and impressive growth in AI products. However, the flat revenue guidance and ongoing impact of SBC on financials were noted as challenges.

Company Guidance

During RingCentral's Second Quarter 2025 Earnings Call, the company provided a comprehensive overview of its financial performance, highlighting key metrics and strategic initiatives. Total revenue for the quarter reached $620 million, marking a year-over-year growth of 5% and aligning with the high end of the company's guidance. Subscription revenue increased by 6% to approximately $600 million, contributing to an annual recurring revenue (ARR) of about $2.6 billion, reflecting a 7% increase. The company also achieved a non-GAAP operating margin of 22.6%, exceeding expectations by 160 basis points, and reported a non-GAAP EPS of $1.06, growing 16% compared to the previous year. Free cash flow reached a record $144 million, up 33% from the same period last year, with a free cash flow per share of $1.57, representing a 37% increase. The call also emphasized the significant reduction in stock-based compensation and the company's debt, alongside strategic partnerships and the introduction of new AI-powered products contributing to ARR growth. RingCentral reaffirmed its commitment to sustainable growth and profitability while announcing an increase in its stock repurchase authorization to $500 million.

Record Free Cash Flow

RingCentral delivered a record free cash flow of $144 million, up 33% year-over-year, and increased its free cash flow per share by 37%.

Positive GAAP Net Income

For the first time in RingCentral's history, the company achieved positive GAAP operating income and GAAP net income.

Significant Customer Wins

RingCentral and Vodafone secured Ryanair and a top 10 European bank as customers, showcasing the company's strong performance in the enterprise sector.

AI Product Momentum

Products like RingCX, RingSense, and AIR are contributing to ARR growth, with the company on track to meet a $100 million ARR target for new products.

AT&T Partnership Expansion

AT&T expanded its long-standing relationship with RingCentral, adding new AI-first products to its portfolio, enhancing customer engagement capabilities.

RingCentral (RNG) Earnings, Revenues Date & History

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RNG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	1.07 / -	0.95	―	―	―
Aug 05, 2025	2025 (Q2)	1.02 / 1.06	0.91	16.48% (+0.15)
May 08, 2025	2025 (Q1)	0.96 / 1.00	0.87	14.94% (+0.13)
Feb 20, 2025	2024 (Q4)	0.97 / 0.98	0.86	13.95% (+0.12)
Nov 07, 2024	2024 (Q3)	0.92 / 0.95	0.78	21.79% (+0.17)
Aug 01, 2024	2024 (Q2)	0.88 / 0.91	0.83	9.64% (+0.08)
May 07, 2024	2024 (Q1)	0.80 / 0.87	0.76	14.47% (+0.11)
Feb 20, 2024	2023 (Q4)	0.82 / 0.86	0.6	43.33% (+0.26)
Nov 06, 2023	2023 (Q3)	0.76 / 0.78	0.55	41.82% (+0.23)
Aug 07, 2023	2023 (Q2)	0.75 / 0.83	0.45	84.44% (+0.38)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

RNG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	$23.62	$29.99	+26.97%
May 08, 2025	$26.67	$27.72	+3.94%
Feb 20, 2025	$30.77	$28.95	-5.91%
Nov 07, 2024	$38.80	$37.97	-2.14%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.