{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-281227","form_type":"8-K","ticker":"RNG","cik":"0001384905","company_name":"RingCentral, Inc.","filed_at":"2022-11-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.393136+00:00","generated_at":"2026-06-22T00:54:31.338305+00:00","sec_items":["2.02","2.05","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"RingCentral Reports Q3 2022 Results and Announces 10% Workforce Reduction","bullets":["Q3 total revenue rose 23% YoY to $509M; subscriptions revenue up 25% to $483M.","Non-GAAP operating margin hit a record 13.5%, up 300 bps YoY; adjusted EBITDA was $87M.","Board approved reduction in force of ~10% of employees, with restructuring costs estimated at $10M-$15M.","Raised full-year 2022 non-GAAP operating margin outlook to 12.4% and non-GAAP EPS guidance to $1.97-$1.98.","Recorded a $125M non-cash charge related to Avaya prepaid commissions, impacting GAAP results."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-281227","json":"https://secwatch.observer/filing/0001193125-22-281227.json","markdown":"https://secwatch.observer/filing/0001193125-22-281227.md","text":"https://secwatch.observer/filing/0001193125-22-281227.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1384905/000119312522281227/0001193125-22-281227-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1384905/000119312522281227/d396152d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T00:54:31.338305+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c3f07d61fda53f8b278f86f01b0dd137f46c3413","claim":"RingCentral, Inc. reported third quarter ended September 30, 2022 results: revenue $509 million, EPS ($2.98). Guidance raised.","evidence_excerpt":"solutions, today announced financial results for the third quarter ended September 30, 2022. Third Quarter Financial Highlights • Total revenue increased 23% year over year to $509 million. • Subscriptions revenue increased 25% year over year to $483 million. • Annualized Exit Monthly Recurring Subscriptions (ARR) increased 25% year over year to $2.05 billion. •","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1384905/000119312522281227/0001193125-22-281227-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2022"},{"label":"Revenue","value":"$509 million"},{"label":"EPS","value":"($2.98)"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"3fb90086a7475e0af4e1d0390cf65f92261e6cbe","claim":"RingCentral, Inc. announced a restructuring with charges of approximately $10.0 million to $15.0 million (approximately 10%).","evidence_excerpt":"expected to reduce the Company’s full-time employees by approximately 10%. The Company estimates the aggregate restructuring costs associated with the Plan to be approximately $10.0 million to $15.0 million, primarily consisting of severance payments, employee benefits and related costs. The Company expects to incur these charges in the fourth quarter of 2022 and","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1384905/000119312522281227/0001193125-22-281227-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $10.0 million to $15.0 million"},{"label":"Headcount","value":"approximately 10%"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}