When did RingCentral report Q1 2024 earnings?

RingCentral (RNG) reported Q1 2024 earnings on May 7, 2024 after market close.

What were RingCentral's Q1 2024 revenue and EPS?

RingCentral reported revenue of $584.2M and eps of $0.87 for Q1 2024.

Did RingCentral beat estimates in Q1 2024?

Revenue beat the consensus estimate of $578.2M by $6.0M. EPS beat the consensus estimate of $0.80 by $0.07.

Where can I find RingCentral's Q1 2024 SEC filings?

You can read the 10-K/A periodic report (0001384905-24-000024) directly on SEC EDGAR. The filing index links above go to sec.gov.

RingCentral RNG Q1 2024 Annual earnings

Reported May 7, 2024 · After market close

Revenue$584.2MBeat by $6.0M

EPS$0.87Beat by $0.07

Revenue estimate$578.2M

EPS estimate$0.80

Next report

Date not yet announced

Financials

Q1 2024

Income statement

See full

Revenue$584.2M+9.5%

Gross profit$413.7M+10.9%

Operating income-$10.9M+80.0%

Net income-$28.5M+47.6%

EPS (diluted)-$0.31+45.6%

Balance sheet

See full

Cash & equivalents$92.8M+14.1%

Total debt$1.6B+4,272%

Total equity-$522.4M-10.7%

Total assets$1.9B-8.5%

Cash flow

See full

Operating cash flow$96.1M-11.5%

CapEx$6.1M-29.7%

Free cash flow$90.0M-9.9%

Valuation & ratios

Valuation

as of 03/31/24

See full

Market cap$3.21B+8.1%

Enterprise value$4.7B+60.8%

P/S1.4×0.0×

Profitability

See full

Gross margin70.1%+1.6pp

Operating margin-6.9%-3.0pp

Net margin-6.2%-2.8pp

FCF margin16.3%+6.2pp

Returns & leverage

See full

Current ratio1.1×-0.4×

Segments

By segment

See full

Reportable Segment$584.2M+6.1%

Versus estimates

Revenue

Q2 2026$657.0MBeat by $6.5M Q1 2026$644.2MBeat by $1.5M Q4 2025$644.0MBeat by $419.4K Q3 2025$638.7MMiss by $4.9M Q2 2025$620.4MMiss by $15.1M Q1 2025$612.1MMiss by $9.0M

Diluted EPS

Q2 2026$1.22Beat by $0.06 Q1 2026$1.20Beat by $0.03 Q4 2025$1.18Beat by $0.04 Q3 2025$1.13Beat by $0.05 Q2 2025$1.06Beat by $0.04 Q1 2025$1.00Beat by $0.04

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Questions, answered.

When did RingCentral report Q1 2024 earnings?: RingCentral (RNG) reported Q1 2024 earnings on May 7, 2024 after market close.
What were RingCentral's Q1 2024 revenue and EPS?: RingCentral reported revenue of $584.2M and eps of $0.87 for Q1 2024.
Did RingCentral beat estimates in Q1 2024?: Revenue beat the consensus estimate of $578.2M by $6.0M. EPS beat the consensus estimate of $0.80 by $0.07.
Where can I find RingCentral's Q1 2024 SEC filings?: You can read the 10-K/A periodic report (0001384905-24-000024) directly on SEC EDGAR. The filing index links above go to sec.gov.