{"schema_version":"secwatch.filing_event.v1","accession":"0001384905-23-000022","form_type":"8-K","ticker":"RNG","cik":"0001384905","company_name":"RingCentral, Inc.","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.661406+00:00","generated_at":"2026-06-15T08:40:36.821974+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"RingCentral Q1 beats guidance; raises FY revenue, margin, EPS outlook","bullets":["Q1 revenue $534M (+14% YoY), subscriptions revenue $508M (+16% YoY), ARR $2.16B (+14% YoY).","GAAP operating loss narrowed to ($55M) from ($104M); non-GAAP operating margin record 17.2% ($92M).","Diluted non-GAAP EPS $0.76 vs $0.39; GAAP EPS ($0.57) vs ($1.60). Repurchased $75M in shares.","FY23 guidance raised: sub revenue $2.086-2.104B, non-GAAP op margin at least 18.5%, non-GAAP EPS $3.19-3.25.","Introduced RingSense AI, RingCentral for Teams 2.0, and RingCentral for Frontline Workers."],"urls":{"canonical":"https://secwatch.observer/filing/0001384905-23-000022","json":"https://secwatch.observer/filing/0001384905-23-000022.json","markdown":"https://secwatch.observer/filing/0001384905-23-000022.md","text":"https://secwatch.observer/filing/0001384905-23-000022.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1384905/000138490523000022/0001384905-23-000022-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1384905/000138490523000022/rng-20230509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T08:40:36.821974+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":"2ea1b3bee014698fe1d75fb2af73820950928c50","claim":"RingCentral, Inc. reported first quarter ended March 31, 2023 results: revenue $534 million, EPS $0.76.","evidence_excerpt":"Financial Results for the First Quarter 2023 • Revenue: Total revenue was $534 million for the first quarter of 2023, up from $468 million in the first quarter of 2022, representing 14% growth. Adjusted for constant currency, total revenue rose 15%. Subscriptions revenue of $508 million increased 16% year over year and accounted for 95% of total revenue. Adjusted for constant currency, subscriptions revenue rose 17%. • Operating Income (Loss): GAAP operating loss was ($55) million, compared to ($104) million in the same period last year. Non-GAAP operating income was $92 million, or 17.2% of total revenue, compared to $49 million, or 10.4% of total revenue, for the first quarter of 2022. • Adjusted EBITDA: Adjusted EBITDA for the first quarter of 2023 was $112 million, or 21.0% of total revenue, compared to $66 million, or 14.0% of total revenue, for the first quarter of 2022. • Net Income (Loss) Per Share: GAAP net loss per share was ($0.57), compared to ($1.60) in the same period las","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1384905/000138490523000022/0001384905-23-000022-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$534 million"},{"label":"EPS","value":"$0.76"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"50973975d6288e251dcb28c1cc95680daafc7f50","claim":"RingCentral, Inc. reported full year 2023 results: revenue $2.187 to $2.205 billion, EPS $3.19 to $3.25. Guidance raised.","evidence_excerpt":"Financial Outlook Full Year 2023 Guidance: • Raising subscriptions revenue range to $2.086 to $2.104 billion, representing annual growth of 11%. • Raising total revenue range to $2.187 to $2.205 billion, representing annual growth of 10% to 11%. • Raising GAAP operating margin range to (7.9%) to (6.6%), compared to the prior range of (8.3%) to (6.9%). • Raising non-GAAP operating margin to at least 18.5%, compared to at least 18.0% previously. • Non-GAAP tax rate assumed to be 22.5%. No material cash taxes expected given net operating loss carryforwards. • Raising non-GAAP EPS to $3.19 to $3.25 based on 98.0 to 99.0 million fully diluted shares. This is up from our prior range of $3.04 to $3.10 based on 99.0 to 100.0 million fully diluted shares. Outlook does not include interest income (expense). • Share-based compensation range of $395 to $415 million. • Amortization of acquired intangibles of $149 million. • Third-party relocation and other costs, net, of $3 million. • Restructuring","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1384905/000138490523000022/0001384905-23-000022-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2023"},{"label":"Revenue","value":"$2.187 to $2.205 billion"},{"label":"EPS","value":"$3.19 to $3.25"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"7b2e137375ff75b778cdbea4088a50c61398440a","claim":"RingCentral, Inc. reported second quarter 2023 results: revenue $535 to $537 million, EPS $0.74 to $0.76. Guidance raised.","evidence_excerpt":"Second Quarter 2023 Guidance: • Subscriptions revenue range of $511 to $513 million, representing year-over-year growth of 10% to 11%. • Total revenue range of $535 to $537 million, representing year-over-year growth of 10%. • GAAP operating margin range of (10.0%) to (8.9%). • Non-GAAP operating margin of 17.5%. • Non-GAAP tax rate assumed to be 22.5%. No material cash taxes expected given net operating loss carryforwards. • Non-GAAP EPS of $0.74 to $0.76 based on 96.5 to 97.5 million fully diluted shares. Outlook does not include interest income (expense). • Share-based compensation range of $102 to $107 million. • Amortization of acquired intangibles of $38 million. • Restructuring costs of $3 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1384905/000138490523000022/0001384905-23-000022-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter 2023"},{"label":"Revenue","value":"$535 to $537 million"},{"label":"EPS","value":"$0.74 to $0.76"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}