NYSE$RNG

RingCentral Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

RNG Q1 2024 — $140.8M revenue

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be significantly different from any future. RingCentral Inc reported Q1 2024 results. Net income of $25.9M. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $140.8M.
  • Net income: $25.9M.
  • Operating income: $11K.
  • Gross profit: $414K.

Headline financials

Total Revenue

$584M

Previous: $534M+9.5%
EPS

-$0.31

Previous: $0.76-140.8%
Capital Expenditures

-$6.13M

Previous: -$8.72M+29.7%
Free Cash Flow

-$34.6M

Previous: -$63.1M+45.1%
Net Income

-$28.5M

Previous: -$54.4M+47.6%
Operating Income

-$10.9M

Previous: -$54.5M+80.0%
Gross Profit

$414M

Previous: $373M+10.9%
Cash & Equivalents

$203M

Previous: $275M-26.1%
Total Assets

$1.87B

Previous: $2.05B-8.5%
R&D Expense

$78M

No prior period
Stock-Based Comp

$88.2M

Previous: $98.2M-10.2%

Revenue & EPS history

RingCentral · Revenue · Quarterly

$584M

Q1 2024+9.5%vs Q1 2023
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

RingCentral · $531M total across 1 segment · Q3 2023

  • Subscriptions Revenue
    $531M+9.9%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+3.5%

Avg return

Earnings day

+1.4%

Avg return

5 days after

+2.2%

Avg return

30 days after

68%

34 / 50 earnings

Positive

+34.4%

Q4 2025

Best reaction

-17.7%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.8%-14.7%-6.8%
Q4 2025+34.4%+17.3%+28.0%
Q3 2025-8.1%-10.1%-2.2%
Q1 2025+3.8%+4.5%+2.0%
Q4 2024-5.9%-6.7%-12.6%
Q3 2024+1.3%-3.3%+9.4%
Q2 2024+0.6%-3.6%-4.9%
Q1 2024+13.4%+16.8%+15.0%
Q4 2023+3.2%+1.6%+17.8%
Q3 2023+2.4%-2.7%+11.2%
Q2 2023-17.7%-21.1%-15.0%
Q1 2023+13.5%+2.7%+25.4%
Q4 2022-17.5%-17.8%-33.1%
Q3 2022+22.5%+28.3%+21.4%
Q2 2022+8.9%-2.0%-12.3%
Q1 2022-10.4%-9.3%-18.1%
Q4 2021-15.5%-13.1%-16.6%
Q3 2021+22.0%+19.7%-19.3%
Q2 2021-4.0%-8.5%-5.5%
Q1 2021-7.6%-18.3%-21.1%
Q4 2020-5.2%-3.6%-28.7%
Q3 2020-5.9%+0.9%+15.2%
Q2 2020+1.9%-7.3%+3.8%
Q1 2020+10.9%+17.4%+8.0%
Q4 2019+9.4%+16.8%-3.9%
Q3 2019+0.0%+4.9%+1.9%
Q2 2019+10.0%+10.1%+10.9%
Q1 2019-1.1%+2.7%+0.2%
Q4 2018+5.0%+3.7%+4.8%
Q3 2018-1.5%+8.7%+4.4%
Q2 2018+9.4%+10.1%+16.4%
Q1 2018+7.7%+4.3%+4.5%
Q4 2017+9.8%+21.2%+30.7%
Q3 2017+7.3%+3.8%+9.0%
Q2 2017-2.7%-1.1%+19.3%
Q1 2017+0.8%+5.8%+14.7%
Q4 2016+1.7%+7.2%+15.3%
Q3 2016-6.7%-12.6%-1.1%
Q2 2016+5.5%+1.1%-1.7%
Q1 2016+7.1%
Q4 2015-10.2%
Q3 2015+15.6%
Q2 2015+12.1%
Q1 2015+6.3%
Q4 2014+8.3%
Q3 2014+0.2%
Q2 2014+18.0%
Q1 2014+7.4%
Q4 2013+14.9%
Q3 2013-0.1%
Q1 2013
Q4 2012
Q3 2012

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