---
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"
generated_at: "2026-06-19T10:55:13.085596+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# RingCentral Q4 revenue $525M (+17% YoY), record non-GAAP op margin 14%; FY23 guide

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.02, 2.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001384905-23-000009
- JSON: https://secwatch.observer/filing/0001384905-23-000009.json
- Plain text: https://secwatch.observer/filing/0001384905-23-000009.txt

## Key facts
- Debt Financings
  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.
  - Instrument: credit facility
  - Principal: $200.0 million revolving loan facility; $400.0 million delayed draw term loan facility
  - Counterparty: Bank of America, N.A.
  - Rate: Alternate base rate (greatest of prime rate, federal funds rate plus 0.50%, or o
  - Maturity: February 14, 2028, subject to automatic acceleration 91 days prior to final scheduled maturity of Convertible Notes if outstanding principal exceeds Springing M
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1384905/000138490523000009/0001384905-23-000009-index.htm
- Earnings Releases
  RingCentral, Inc. reported the fiscal year ended December 31, 2022 results: revenue $1.99 billion, EPS ($9.23) per share.
  - Period: the fiscal year ended December 31, 2022
  - Revenue: $1.99 billion
  - EPS: ($9.23) per share
  - Result: reported results
  source text: Total revenue was $1.99 billion for 2022, up from $1.59 billion in 2021, representing 25% growth.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1384905/000138490523000009/0001384905-23-000009-index.htm
- Earnings Releases
  RingCentral, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $525 million, EPS ($2.97) per share.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $525 million
  - EPS: ($2.97) per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1384905/000138490523000009/0001384905-23-000009-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A.
  - Value: $200.0 million revolving loan facility, $400.0 million delayed draw term loan facility
  - Effective: 2023-02-14
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1384905/000138490523000009/0001384905-23-000009-index.htm

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