---
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"
generated_at: "2026-06-22T00:54:31.338305+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# RingCentral Reports Q3 2022 Results and Announces 10% Workforce Reduction

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 2.05, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-281227
- JSON: https://secwatch.observer/filing/0001193125-22-281227.json
- Plain text: https://secwatch.observer/filing/0001193125-22-281227.txt

## Key facts
- Earnings Releases
  RingCentral, Inc. reported third quarter ended September 30, 2022 results: revenue $509 million, EPS ($2.98). Guidance raised.
  - Period: third quarter ended September 30, 2022
  - Revenue: $509 million
  - EPS: ($2.98)
  - Guidance: raised
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1384905/000119312522281227/0001193125-22-281227-index.htm
- Restructurings & Charges
  RingCentral, Inc. announced a restructuring with charges of approximately $10.0 million to $15.0 million (approximately 10%).
  - Type: restructuring
  - Charge: approximately $10.0 million to $15.0 million
  - Headcount: approximately 10%
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1384905/000119312522281227/0001193125-22-281227-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.