---
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"
generated_at: "2026-06-15T08:40:36.821974+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# RingCentral Q1 beats guidance; raises FY revenue, margin, EPS outlook

## Summary
- 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.

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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001384905-23-000022
- JSON: https://secwatch.observer/filing/0001384905-23-000022.json
- Plain text: https://secwatch.observer/filing/0001384905-23-000022.txt

## Key facts
- Earnings Releases
  RingCentral, Inc. reported first quarter ended March 31, 2023 results: revenue $534 million, EPS $0.76.
  - Period: first quarter ended March 31, 2023
  - Revenue: $534 million
  - EPS: $0.76
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1384905/000138490523000022/0001384905-23-000022-index.htm
- Earnings Releases
  RingCentral, Inc. reported full year 2023 results: revenue $2.187 to $2.205 billion, EPS $3.19 to $3.25. Guidance raised.
  - Period: full year 2023
  - Revenue: $2.187 to $2.205 billion
  - EPS: $3.19 to $3.25
  - Guidance: raised
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1384905/000138490523000022/0001384905-23-000022-index.htm
- Earnings Releases
  RingCentral, Inc. reported second quarter 2023 results: revenue $535 to $537 million, EPS $0.74 to $0.76. Guidance raised.
  - Period: second quarter 2023
  - Revenue: $535 to $537 million
  - EPS: $0.74 to $0.76
  - Guidance: raised
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1384905/000138490523000022/0001384905-23-000022-index.htm

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