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RingCentral RNG Reduction of operating lease right-of-use assets

Reduction of operating lease right-of-use assets at other companies

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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

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Return on equity-402.5%
Debt / equity
Current ratio1.1×+0.5×

Where this comes from

Reported directly by RingCentral in its filing.

Tagged under the XBRL concept rng:IncreaseDecreaseInOperatingLeaseRightOfUseAssets.

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 reduction of operating lease right-of-use assets?
RingCentral (RNG) reported reduction of operating lease right-of-use assets of $6.42M in Q1 2026.
How has RingCentral's reduction of operating lease right-of-use assets changed year-over-year?
RingCentral's reduction of operating lease right-of-use assets decreased by 8.1% year-over-year, from $6.99M to $6.42M.
What is the long-term trend for RingCentral's reduction of operating lease right-of-use assets?
Over 4 years (2021 to 2025), RingCentral's reduction of operating lease right-of-use assets has grown at a 8.3% compound annual growth rate (CAGR), from $18.03M to $24.8M.
What does reduction of operating lease right-of-use assets mean?
Represents the non-cash reduction of the right-of-use asset balance associated with operating leases, typically recognized as lease expense over the lease term. This adjustment is necessary to reconcile net income with actual cash flows from operating activities. It provides insight into the company's long-term commitment to leased office space or infrastructure.