{"schema_version":"secwatch.filing_event.v1","accession":"0001384905-23-000009","form_type":"8-K","ticker":"RNG","cik":"0001384905","company_name":"RingCentral, Inc.","filed_at":"2023-02-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.707169+00:00","generated_at":"2026-06-19T10:55:13.085596+00:00","sec_items":["1.01","2.02","2.03","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"RingCentral Q4 revenue $525M (+17% YoY), record non-GAAP op margin 14%; FY23 guide","bullets":["Q4 revenue $525M (+17% YoY); subscriptions $502M (+19%); ARR $2.10B (+17%).","GAAP operating loss $256M (non-cash Avaya charge); non-GAAP op income $73M, margin 14.0% record.","Non-GAAP EPS $0.60 vs $0.39 YoY; FY22 non-GAAP EPS $1.99 vs $1.34.","New $600M 5-year credit facility ($400M term loan + $200M revolver) to retire convertible debt.","FY23 guidance: subscriptions rev $2.08-2.10B (+10-11%); non-GAAP op margin at least 18%; non-GAAP EPS $3.04-$3.10."],"urls":{"canonical":"https://secwatch.observer/filing/0001384905-23-000009","json":"https://secwatch.observer/filing/0001384905-23-000009.json","markdown":"https://secwatch.observer/filing/0001384905-23-000009.md","text":"https://secwatch.observer/filing/0001384905-23-000009.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1384905/000138490523000009/0001384905-23-000009-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1384905/000138490523000009/rng-20230214.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T10:55:13.085596+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":"8ca1107f501955572fae6d1057df896c70bed6e6","claim":"RingCentral, Inc. incurred credit facility of $200.0 million revolving loan facility; $400.0 million delayed draw term loan facility with Bank of America, N.A. at Alternate base rate (greatest of prime rate, federal funds rate plus 0.50%, or o maturing February 14, 2028, subject to automatic acceleration 91 days prior to final scheduled maturity of Convertible Notes if outstanding principal exceeds Springing M.","evidence_excerpt":"On February 14, 2023, RingCentral, Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”), among the Company, the lenders from time to time party thereto and Bank of America, N.A., as administrative agent (in such capacity, the “Administrative Agent”) and as collateral agent (in such capacity, the “Collateral Agent”). The Credit Agreement provides for a $200.0 million revolving loan facility (the “Revolving Facility”), with a $25.0 million sublimit for the issuance of letters of credit, and a $400.0 million delayed draw term loan facility (the “Term Facility”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1384905/000138490523000009/0001384905-23-000009-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$200.0 million revolving loan facility; $400.0 million delayed draw term loan facility"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Rate","value":"Alternate base rate (greatest of prime rate, federal funds rate plus 0.50%, or o"},{"label":"Maturity","value":"February 14, 2028, subject to automatic acceleration 91 days prior to final scheduled maturity of Convertible Notes if outstanding principal exceeds Springing M"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"3391a6434f1c42ef000562b6644d350443242c08","claim":"RingCentral, Inc. reported the fiscal year ended December 31, 2022 results: revenue $1.99 billion, EPS ($9.23) per share.","evidence_excerpt":"Total revenue was $1.99 billion for 2022, up from $1.59 billion in 2021, representing 25% growth.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1384905/000138490523000009/0001384905-23-000009-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended December 31, 2022"},{"label":"Revenue","value":"$1.99 billion"},{"label":"EPS","value":"($9.23) per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"47a7d54e195dc44a3a9a9a7e83e1085e0a0d6773","claim":"RingCentral, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $525 million, EPS ($2.97) per share.","evidence_excerpt":"Total revenue was $525 million for the fourth quarter of 2022, up from $448 million in the fourth quarter of 2021, representing 17% growth.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1384905/000138490523000009/0001384905-23-000009-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"$525 million"},{"label":"EPS","value":"($2.97) per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"2a3789b9dcfe185b8486961d986b27653c1802fb","claim":"RingCentral, Inc. entered into Credit Agreement with Bank of America, N.A. valued at $200.0 million revolving loan facility, $400.0 million delayed draw term loan facility (effective 2023-02-14).","evidence_excerpt":"On February 14, 2023, RingCentral, Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”), among the Company, the lenders from time to time party thereto and Bank of America, N.A., as administrative agent (in such capacity, the “Administrative Agent”) and as collateral agent (in such capacity, the “Collateral Agent”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1384905/000138490523000009/0001384905-23-000009-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Value","value":"$200.0 million revolving loan facility, $400.0 million delayed draw term loan facility"},{"label":"Effective","value":"2023-02-14"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}