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RingCentral RNG Operating margin

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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
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

Calculated from RingCentral’s reported figures.

Based on trailing twelve months.

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 operating margin?
RingCentral (RNG) reported operating margin of 6.3% in Q1 2026.
How has RingCentral's operating margin changed year-over-year?
RingCentral's operating margin increased by 538.9% year-over-year, from 1% to 6.3%.
What is the long-term trend for RingCentral's operating margin?
Over 5 years (2020 to 2025), RingCentral's operating margin has grown at a -12.9% compound annual growth rate (CAGR), from -9.6% to 4.8%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.