---
schema_version: "secwatch.filing_event.v1"
accession: "0001384905-24-000035"
form_type: "8-K"
ticker: "RNG"
cik: "0001384905"
company_name: "RingCentral, Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T17:13:35.304038+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# RingCentral Q1 revenue $584M (+9% YoY) beats guidance; raises FY revenue/FCF outlook; $250M buyback authorized

## Summary
- Total revenue $584M (+9% YoY); subscriptions $557M (+10%); ARR $2.37B (+10%).
- GAAP op loss $11M (improved from $55M loss); non-GAAP op margin 20.7% (up 350bps); non-GAAP EPS $0.87 vs $0.76.
- Raises FY subscription rev guide to $2.267-2.287B (8-9%); total rev $2.379-2.399B; non-GAAP EPS $3.59-3.67; FCF $385-390M.
- Board increased share repurchase authorization by $250M to ~$375M remaining; repurchased $80M in Q1.
- Landed 40,000-seat Fortune 500 retailer deal (largest UCaaS win); RingSense AI won Best Overall at Enterprise Connect.

## SEC filing metadata
- accession: 0001384905-24-000035
- form_type: 8-K
- ticker: RNG
- cik: 0001384905
- company_name: RingCentral, Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1384905/000138490524000035/0001384905-24-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1384905/000138490524000035/rng-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001384905-24-000035
- JSON: https://secwatch.observer/filing/0001384905-24-000035.json
- Plain text: https://secwatch.observer/filing/0001384905-24-000035.txt

## Key facts
- Earnings Releases
  RingCentral, Inc. reported first quarter ended March 31, 2024 results: revenue $584 million, EPS ($0.31). Guidance raised.
  - Period: first quarter ended March 31, 2024
  - Revenue: $584 million
  - EPS: ($0.31)
  - Guidance: raised
  - Result: reported results
  source text: event solutions, today announced financial results for the first quarter ended March 31, 2024. First Quarter Financial Highlights • Total revenue increased 9% year-over-year to $584 million. • Subscriptions revenue increased 10% year-over-year to $557 million. • Annualized Exit Monthly Recurring Subscriptions (ARR) increased 10% year over year to $2.37 billion. •
  evidence_url: https://www.sec.gov/Archives/edgar/data/1384905/000138490524000035/0001384905-24-000035-index.htm

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