earnings
confidence high
sentiment positive
materiality 0.75
RingCentral Q1 beats: revenue $612M, non-GAAP EPS $1.00, record FCF $130M; guides FY25 FCF ~$500M
RingCentral, Inc.
2025-Q1 EPS reported
-$0.11
revenue$612,056,000
- Revenue $612M (+5% YoY); subscriptions $590M (+6% YoY); GAAP operating income $10M vs loss of $11M last year.
- Non-GAAP operating margin 21.8% (up from 20.7%); adjusted EBITDA margin 25.3%; non-GAAP EPS $1.00 (up from $0.87).
- Record free cash flow $130M (21.3% of revenue), up from $77M; debt reduced by $166M; $50M share buyback.
- Customer adoption: 1,000+ RingCX customers, 2,800+ RingSense (up from 2,000+), 1,000+ AI Receptionist activated.
- FY25 guidance: non-GAAP op margin ~22.5%, EPS $4.13-4.27, FCF $500-510M; Q2 total revenue forecast $614-620M.