RingCentral, Inc. — fact timeline

RingCentral, Inc. reported full year 2026 results: revenue $2.62 billion to $2.64 billion, EPS $4.85 to $5.01. Guidance raised.

“Our full year 2026 guidance is: • Raising subscriptions revenue range to $2.54 billion to $2.56 billion. • Raising total revenue range to $2.62 billion to $2.64 billion. • Raising GAAP operating margin of 8.9% to 9.6%. • Raising non-GAAP operating margin of approximately 23.3% to 23.7%. • Raising non-GAAP EPS of $4.85 to $5.01”

RingCentral, Inc. reported first quarter ended March 31, 2026 results: revenue $644 million, EPS $0.35.

“First Quarter Financial Highlights • Subscriptions revenue increased approximately 6% year-over-year to $623 million. • Total revenue increased approximately 5% year-over-year to $644 million. • GAAP operating margin of 7.8%, compared to 1.7% in the prior year. • Non-GAAP operating margin of 22.9%, up 110 basis points year-over-year. • GAAP EPS of $0.35 compared to $(0.11) last year.”

RingCentral, Inc. incurred term loan of $650.0 million delayed draw term loan facility with Bank of America, N.A., as administrative agent at term SOFR rate maturing September 11, 2030.

“and a $650.0 million delayed draw term loan facility (the “Delayed Draw Term Facility”)”

RingCentral, Inc. incurred term loan of $310.0 million initial term loan facility with Bank of America, N.A., as administrative agent at term SOFR rate maturing September 11, 2030.

“(the “Company”) entered into an Amendment and Restatement Agreement (the “Restatement Agreement”), among the Company, the other loan parties party thereto, the lenders 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”).”

RingCentral, Inc. incurred revolving credit of $280.0 million with Bank of America, N.A., as administrative agent at term SOFR rate maturing September 11, 2030.

“The Restated Credit Agreement provides for a $280.0 million revolving loan facility”

Sonalee Parekh resigned as Chief Financial Officer at RingCentral, Inc..

“On August 27, 2024, Sonalee Parekh informed RingCentral, Inc. (the “Company”) of her intention to resign as the Company’s Chief Financial Officer and as the Company’s principal financial officer under Section 16a-1(f) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), effective September 10, 2024, to accept a Chief Financial Officer role at a public company that is not a competitor, supplier, or customer of RingCentral.”

RingCentral, Inc. reported first quarter ended March 31, 2024 results: revenue $584 million, EPS ($0.31). Guidance raised.

“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. •”

RingCentral, Inc. reported the fiscal year ended December 31, 2023 results: revenue $2.202 billion, EPS ($1.74).

“Financial Results for the Full Year 2023 • Revenue: Total revenue was $2.202 billion for 2023, up from $1.988 billion in 2022, representing 11% growth. Adjusted for constant currency, total revenue rose 11%. Subscriptions revenue of $2.100 billion increased 11% and accounted for over 95% of total revenue. Adjusted for constant currency, subscriptions revenue rose 11%. • Operating Income (Loss): GAAP operating loss was ($199) million, compared to ($649) million in 2022. Non-GAAP operating income was $420 million, or 19.1% of total revenue, compared to $246 million, or 12.4% of total revenue, in 2022. • Adjusted EBITDA: Adjusted EBITDA for 2023 was $503 million, or 22.8% of total revenue, compared to $318 million, or 16.0% of total revenue, for 2022. • Net Income (Loss) Per Share: GAAP net loss per share was ($1.74), compared to ($9.23) in 2022. Diluted non-GAAP net income per share was $3.23, compared to $1.99 per share in 2022.”

RingCentral, Inc. reported the fiscal quarter ended December 31, 2023 results: revenue $571 million, EPS ($0.50).

“Financial Results for the Fourth Quarter 2023 • Revenue: Total revenue was $571 million for the fourth quarter of 2023, up from $525 million in the fourth quarter of 2022, representing 9% growth. Adjusted for constant currency, total revenue rose 8%. Subscriptions revenue of $547 million increased 9% year over year and accounted for 96% of total revenue. Adjusted for constant currency, subscriptions revenue rose 9%. • Operating Income (Loss): GAAP operating loss was ($45) million, compared to ($256) million in the same period last year. Non-GAAP operating income was $117 million, or 20.5% of total revenue, compared to $73 million, or 14.0% of total revenue, in the same period last year. • Adjusted EBITDA: Adjusted EBITDA was $138 million, or 24.2% of total revenue, compared to $93 million, or 17.7% of total revenue, in the same period last year. • Net Income (Loss) Per Share: GAAP net loss per share was ($0.50), compared to ($2.97) in the same period last year. Diluted non-GAAP net inc”

RingCentral, Inc. shareholders approved Advisory vote on named executive officers' compensation at the 2023-12-29 meeting.

“Proposal 3. The Company’s stockholders voted, on an advisory basis, in favor of the named executive officers’ compensation as disclosed in the proxy statement. The votes regarding the proposal were as follows: For Against Abstain Broker Non-Votes 102,148,289 56,957,801 42,284 8,302,861”

RingCentral, Inc. shareholders approved Ratification of KPMG LLP as independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2023-12-29 meeting.

“Proposal 2. The Company’s stockholders ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. The votes regarding the proposal were as follows: For Against Abstain Broker Non-Votes 166,733,613 492,922 224,700”

RingCentral, Inc. shareholders approved Election of seven directors to serve until the 2024 annual meeting at the 2023-12-29 meeting.

“Proposal 1: The Company’s stockholders elected seven directors to the Board to serve for a one year term until the 2024 annual meeting of stockholders. The votes for each director were as follows: Nominee For Withheld Broker Non-Votes Vladimir Shmunis 156,237,563 2,910,811 8,302,861 Kenneth Goldman 130,008,109 29,140,265 8,302,861 Robert Theis 132,402,733 26,745,641 8,302,861 Allan Thygesen 125,517,547 33,630,827 8,302,861 Neil Williams 158,579,352 569,022 8,302,861 Mignon Clyburn 158,782,189 366,185 8,302,861 Ned Segal 158,954,966 193,408 8,302,861”

Vladimir Shmunis was appointed as Chief Executive Officer at RingCentral, Inc..

“The Company announced that it has appointed Vladimir Shmunis, its Executive Chairman of the board of directors, to succeed Mr. Robbiati as the Chief Executive Officer of the Company, effective December 8, 2023.”

Tarek Robbiati resigned as Chief Executive Officer at RingCentral, Inc..

“On December 8, 2023, Tarek Robbiati and RingCentral, Inc. (the “Company”) mutually agreed that Mr. Robbiati would separate from the Company and resign from the board of directors effective December 8, 2023.”

RingCentral, Inc. reported the third quarter ended September 30, 2023 results: revenue $558 million, EPS ($0.45). Guidance raised.

“Total revenue increased 10% year over year to $558 million.”

RingCentral, Inc. amended revolving credit of aggregate amount of $225 million with Bank of America, N.A..

“increase the revolving credit commitments by $25 million in accordance with the incremental loan provisions of the Credit Agreement, to an aggregate amount of $225 million”

RingCentral, Inc. incurred senior notes of $400 million aggregate principal amount with U.S. Bank Trust Company, National Association at 8.500% per annum maturing August 15, 2030.

“completed its previously announced offering of $400 million aggregate principal amount of its 8.500% senior notes due 2030”

RingCentral, Inc. amended First Amendment to Credit Agreement with Bank of America, N.A., as administrative agent, the letter of credit issuers party thereto and the lender party thereto valued at increase the revolving credit commitments by $25 million to an aggregate amount of $225 million (effective 2023-08-15).

“On August 15, 2023, the Company entered into the First Amendment to Credit Agreement (the “First Amendment”), among the Company, the other loan parties party thereto, Bank of America, N.A., as administrative agent, the letter of credit issuers party thereto and the lender party thereto.”

RingCentral, Inc. entered into Indenture with U.S. Bank Trust Company, National Association, as trustee valued at $400 million aggregate principal amount (effective 2023-08-16).

“The Notes were issued pursuant to an indenture, dated as of August 16, 2023 (the “Indenture”), by and among the Company, RingCentral International, Inc., a Delaware corporation (“RGC International”), RingCentral IP Holdings, Inc., a Delaware corporation (“RGC IP Holdings”), and RingCentral Holdings I, Inc., a Delaware corporation (“RGC Holdings”, and together with RGC International and RGC IP Holdings, the “Subsidiary Guarantors”), and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).”

RingCentral, Inc. entered into Purchase Agreement with J.P. Morgan Securities LLC, as representative of the initial purchasers named therein valued at $400 million aggregate principal amount of 8.500% Senior Notes due 2030 (effective 2023-08-11).

“On August 11, 2023, RingCentral, Inc., a Delaware corporation (the “Company”), RingCentral International, Inc., a Delaware corporation and wholly-owned subsidiary of the Company (“RGC International”), RingCentral IP Holdings, Inc., a Delaware corporation and wholly-owned subsidiary of the Company (“RGC IP Holdings”), and RingCentral Holdings I, Inc., a Delaware corporation and wholly-owned subsidiary of the Company (“RGC Holdings”, and, together with RGC International and RGC IP Holdings, the “Subsidiary Guarantors”) entered into a purchase agreement (the “Purchase Agreement”) with J.P. Morgan Securities LLC, as representative of the initial purchasers named therein (the “Initial Purchasers”), pursuant to which the Company has agreed to issue and sell, and the Initial Purchasers have agreed to purchase, $400 million aggregate principal amount of 8.500% Senior Notes due 2030 (the “Notes”).”

Vladimir Shmunis was appointed as Executive Chairman of the Board at RingCentral, Inc..

“the Company has appointed Mr. Shmunis as Executive Chairman of the Board, effective as of the Effective Date.”

Tarek Robbiati was appointed as Chief Executive Officer at RingCentral, Inc..

“On August 7, 2023, RingCentral, Inc. (the “Company”) announced that the Company has appointed Tarek Robbiati, a member of the Company’s board of directors (the “Board”), to succeed Vladimir Shmunis as the Company’s Chief Executive Officer effective August 28, 2023 (the “Effective Date”).”

RingCentral, Inc. reported second quarter ended June 30, 2023 results: revenue $539 million, EPS ($0.23). Guidance reaffirmed.

“solutions, today announced financial results for the second quarter ended June 30, 2023. Second Quarter Financial Highlights • Total revenue increased 11% year over year to $539 million. • Subscriptions revenue increased 11% year over year to $514 million. • Annualized Exit Monthly Recurring Subscriptions (ARR) increased 12% year over year to $2.22 billion. •”

RingCentral, Inc. reported second quarter 2023 results: revenue $535 to $537 million, EPS $0.74 to $0.76. Guidance raised.

“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.”

RingCentral, Inc. reported full year 2023 results: revenue $2.187 to $2.205 billion, EPS $3.19 to $3.25. Guidance raised.

“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”

RingCentral, Inc. reported first quarter ended March 31, 2023 results: revenue $534 million, EPS $0.76.

“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”

RingCentral, Inc. reported the fiscal year ended December 31, 2022 results: revenue $1.99 billion, EPS ($9.23) per share.

“Total revenue was $1.99 billion for 2022, up from $1.59 billion in 2021, representing 25% growth.”

RingCentral, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $525 million, EPS ($2.97) per share.

“Total revenue was $525 million for the fourth quarter of 2022, up from $448 million in the fourth quarter of 2021, representing 17% growth.”

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.

“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”).”

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).

“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”).”

Michelle McKenna resigned as Director at RingCentral, Inc..

“On January 18, 2023, Michelle McKenna, a member of the Board of Directors (the “Board”) of RingCentral, Inc. (the “Company”), informed the Company of her decision to resign as a member of the Company’s board of directors and all committees, effective immediately.”

RingCentral, Inc. announced a impairment with charges of up to approximately $160 million affecting prepaid sales commission balance under its strategic partnership with Avaya Holdings Corp..

“reorganization, the Company expects to record a non-cash asset write-down charge of substantially all of the remaining prepaid sales commission balance of up to approximately $160 million in its financial results for the year ending December 31, 2022. In addition, the Company expects to take a write down of substantially all of the remaining fair value of the”

RingCentral, Inc. shareholders approved Approval of amendment and restatement of the Company's 2013 Equity Incentive Plan at the 2022-12-20 meeting.

“The Company’s stockholders voted in favor of the amendment and restatement of the Company’s 2013 Equity Incentive Plan as disclosed in the proxy statement. The votes regarding the proposal were as follows: For Against Abstain Broker Non-Votes 99,473,445 62,837,257 63,909 8,919,724”

RingCentral, Inc. shareholders approved Advisory (non-binding) vote on frequency of advisory votes on named executive officer compensation at the 2022-12-20 meeting.

“The Company’s stockholders voted in favor of one year as the frequency of holding a non-binding advisory vote on named executive officers’ compensation. The votes regarding the proposal were as follows: 1 Year 2 Year 3 Year Abstain Broker Non-Votes 161,933,702 10,169 242,103 188,637 8,919,724”

RingCentral, Inc. shareholders approved Advisory (non-binding) approval of named executive officers' compensation at the 2022-12-20 meeting.

“The Company’s stockholders voted in favor of the named executive officers’ compensation as disclosed in the proxy statement. The votes regarding the proposal were as follows: For Against Abstain Broker Non-Votes 112,776,948 49,534,273 63,390 8,919,724”

RingCentral, Inc. shareholders approved Ratification of appointment of KPMG LLP as independent registered public accounting firm for fiscal year ending December 31, 2022 at the 2022-12-20 meeting.

“The Company’s stockholders ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022. The votes regarding the proposal were as follows: For Against Abstain Broker Non-Votes 171,035,476 210,391 48,468 0”

RingCentral, Inc. shareholders approved Election of ten directors to serve until the 2023 annual meeting at the 2022-12-20 meeting.

“The Company’s stockholders elected ten directors to the Board of Directors (the “Board”) to serve for a one year term until the 2023 annual meeting of stockholders. The votes for each director were as follows: Nominee For Withheld Broker Non-Votes Vladimir Shmunis 160,688,612 1,685,999 8,919,724 Kenneth Goldman 153,006,205 9,368,406 8,919,724 Michelle McKenna 141,699,249 20,675,362 8,919,724 Robert Theis 140,943,249 21,431,362 8,919,724 Allan Thygesen 142,385,338 19,989,273 8,919,724 Neil Williams 161,939,233 435,378 8,919,724 Mignon Clyburn 162,057,982 316,629 8,919,724 Arne Duncan 162,059,854 314,757 8,919,724 Tarek Robbiati 162,223,818 150,793 8,919,724 Sridhar Srinivasan 162,222,170 152,441 8,919,724”

RingCentral, Inc. reported third quarter ended September 30, 2022 results: revenue $509 million, EPS ($2.98). Guidance raised.

“solutions, today announced financial results for the third quarter ended September 30, 2022. Third Quarter Financial Highlights • Total revenue increased 23% year over year to $509 million. • Subscriptions revenue increased 25% year over year to $483 million. • Annualized Exit Monthly Recurring Subscriptions (ARR) increased 25% year over year to $2.05 billion. •”

RingCentral, Inc. announced a restructuring with charges of approximately $10.0 million to $15.0 million (approximately 10%).

“expected to reduce the Company’s full-time employees by approximately 10%. The Company estimates the aggregate restructuring costs associated with the Plan to be approximately $10.0 million to $15.0 million, primarily consisting of severance payments, employee benefits and related costs. The Company expects to incur these charges in the fourth quarter of 2022 and”

Sonalee Parekh was appointed as Chief Financial Officer at RingCentral, Inc..

“On May 9, 2022, RingCentral, Inc. (the “ Company ”) announced that Sonalee Parekh has been appointed as the Company’s Chief Financial Officer.”

Vaibhav Agarwal was appointed as Chief Financial Officer (interim) at RingCentral, Inc..

“Additionally, on December 7, 2021, the Company’s board of directors appointed Vaibhav Agarwal, the Company’s Chief Accounting Officer, to act as interim Chief Financial Officer effective January 1, 2022.”

Anand Eswaran resigned as President and Chief Operating Officer at RingCentral, Inc..

“On December 3, 2021, Anand Eswaran provided the Company with notice of his resignation from his position as President and Chief Operating Officer of the Company.”

Mitesh Dhruv resigned as Chief Financial Officer at RingCentral, Inc..

“On November 4, 2021, Mitesh Dhruv provided the Company with notice of his intent to resign from his position as Chief Financial Officer of the Company, effective as of December 31, 2021.”

Praful Shah resigned as Chief Strategy Officer at RingCentral, Inc..

“On August 30, 2021, Praful Shah, age 66, notified RingCentral, Inc. (the “ Company ”) of his resignation from his position as the Company’s Chief Strategy Officer effective as of September 14, 2021”