What is RingCentral's invested capital?

RingCentral (RNG) reported invested capital of $533.72M in Q1 2026.

How has RingCentral's invested capital changed year-over-year?

RingCentral's invested capital decreased by 25.7% year-over-year, from $718.6M to $533.72M.

What is the long-term trend for RingCentral's invested capital?

Over 5 years (2020 to 2025), RingCentral's invested capital has grown at a 19.2% compound annual growth rate (CAGR), from $238.6M to $574.2M.

What does invested capital mean?

Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).

RingCentral RNG Invested capital

Discontinued — last reported Q1 '26

Invested capital at other companies

Travel + LeisureTNL

18.8%+0.1pp

BeldenBDC

12.2%+0.5pp

Envista Holdings CorporationNVST

3.4%+1.8pp

Liberty Broadband CorporationLBRDK

-0.3%-0.1pp

Archer AviationACHR

-129.7%-62.3pp

Kiniksa Pharmaceuticals International, plcKNSA

17.5%+14.2pp

Other financials

Income statement

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Revenue$644.2M+5.3%

Gross profit$464.8M+7.7%

Operating income$50.0M+384%

Net income$30.6M+396%

EPS (diluted)$0.35+418%

Balance sheet

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Cash & equivalents$111.1M-25.5%

Total debt$1.3B-11.0%

Total equity-$609.3M-12.6%

Total assets$1.4B-12.9%

Cash flow

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Operating cash flow$164.0M+9.6%

CapEx$6.5M+17.1%

Free cash flow$157.5M+9.3%

Valuation

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Market cap$2.97B+39.2%

Enterprise value$4.11B+21.8%

P/E35.2×—

P/S1.2×+0.3×

Profitability

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Gross margin71.6%+1.1pp

Operating margin6.3%+5.3pp

Net margin3.3%+2.5pp

FCF margin23.6%+2.5pp

Returns & leverage

See full

Return on equity-402.5%—

Debt / equity1×—

Current ratio1.1×+0.5×

Where this comes from

Calculated from RingCentral’s reported figures.

$1.3Btotal debt−$609.3Mtotal stockholders equity−$111.1Mcash and equivalents=$533.72M

The official record: RingCentral’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is RingCentral's invested capital?: RingCentral (RNG) reported invested capital of $533.72M in Q1 2026.
How has RingCentral's invested capital changed year-over-year?: RingCentral's invested capital decreased by 25.7% year-over-year, from $718.6M to $533.72M.
What is the long-term trend for RingCentral's invested capital?: Over 5 years (2020 to 2025), RingCentral's invested capital has grown at a 19.2% compound annual growth rate (CAGR), from $238.6M to $574.2M.
What does invested capital mean?: Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).