Form 8-K

8-K — RingCentral, Inc.

Accession: 0001384905-26-000033

Filed: 2026-05-07

Period: 2026-05-07

CIK: 0001384905

SIC: 7374 (SERVICES-COMPUTER PROCESSING & DATA PREPARATION)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — rng-20260507.htm (Primary)

EX-99.1 (rng-20260331x8kxex991.htm)

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XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: rng-20260507.htm · Sequence: 1

rng-20260507

0001384905false00013849052026-05-072026-05-07

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

______________________

FORM 8-K

______________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 7, 2026

______________________

RINGCENTRAL, INC.

(Exact name of registrant as specified in its charter)

Delaware 001-36089 94-3322844

(State or other jurisdiction

of incorporation) (Commission

File Number) (IRS Employer

Identification No.)

20 Davis Drive, Belmont, CA 94002

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (650) 472-4100

(Former name or former address, if changed since last report)

______________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Class A Common Stock RNG New York Stock Exchange

par value $0.0001

Item 2.02. Results of Operations and Financial Condition.

The information in Item 2.02 of this Current Report is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

On May 7, 2026, RingCentral, Inc. (the “Company”) issued a press release regarding its financial results for its fiscal quarter ended March 31, 2026. The full text of the Company’s press release is furnished herewith as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit

Description

99.1

Press release dated May 7, 2026

104 Cover Page Interactive Data File (formatted as inline XBRL).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: May 7, 2026

RINGCENTRAL, INC.

By:

/s/ Vaibhav Agarwal

Name:

Vaibhav Agarwal

Title:

Chief Financial Officer

EX-99.1

Filename: rng-20260331x8kxex991.htm · Sequence: 2

Document

Exhibit 99.1

RingCentral Announces First Quarter 2026 Financial Results

Total Revenue of $644 million, at higher end of guidance

Record GAAP operating margin of 7.8% and non-GAAP operating margin of 22.9%

ARR from customers utilizing paid AI products is over 10% of total ARR, doubling year over year

Raising full year outlook on revenue, margins and free cash flow

Belmont, Calif. – May 7, 2026 – RingCentral, Inc. (NYSE: RNG), a global leader in AI-powered customer engagement, today announced financial results for the first quarter ended March 31, 2026.

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.

•Net cash provided by operating activities of $164 million, up 9.6% year-over-year.

•Free cash flow of $141 million, up 8.0% year over year.

•Reduced stock-based compensation expense as a percentage of revenue by 420 basis points year-over-year.

•Repurchased approximately 2.6 million shares for a total of $81 million.

•Repaid $609 million aggregate principal amount of Convertible Senior Notes due 2026 upon maturity in March. Currently, the Company has no debt maturities due until 2030.

“We delivered another solid quarter, with revenue at the high end of our guidance, record operating margins, and strong free cash flow,” said Vlad Shmunis, founder and CEO of RingCentral. “We are delivering an AI-first customer engagement platform at-scale, enabling AI and human agents to work together across every modality and device. Our native AI products continue to gain traction, with ARR from customers using at least one paid AI product standing at over 10% of total ARR, and doubling year-over-year. These results, combined with our strong R&D muscle, commitment to innovation, and scaled GTM give us confidence to raise our full year outlook on revenue, margins, and free cash flow.”

RingCentral Declares a Dividend

RingCentral declared a quarterly cash dividend of $0.075 per share of our outstanding capital stock, payable on June 11, 2026 to stockholders of record as of the close of business on June 2, 2026.

Financial Results for the First Quarter 2026

•Revenue: Total revenue was $644 million for the first quarter of 2026, up from $612 million in the first quarter of 2025, representing 5% year-over-year growth. Subscriptions revenue of $623 million increased 6% year-over-year and accounted for 97% of total revenue.

•Operating Income: GAAP operating income was $50 million, compared to $10 million in the same period last year. Non-GAAP operating income was $147 million, or 22.9% of total revenue, compared to $133 million, or 21.8% of total revenue, in the same period last year.

•Adjusted EBITDA: Adjusted EBITDA was $170 million, or 26.3% of total revenue, compared to $155 million, or 25.3% of total revenue, in the same period last year.

•Net Income (Loss) Per Share: GAAP net income per diluted share improved to $0.35, compared to ($0.11) in the same period last year. Diluted non-GAAP net income per share was $1.20, compared to $1.00 per share in the same period last year. The first quarters of 2026 and 2025 each reflected a non-GAAP tax rate of approximately 22.5%.

•Cash Flow: Net cash provided by operating activities for the first quarter of 2026 was $164 million, or 25.5% of total revenue, compared to $150 million, or 24.5% of total revenue, for the first quarter of 2025. Free cash flow for the first quarter of 2026 was $141 million, or 21.8% of total revenue, compared to $130 million, or 21.3% of total revenue, for the first quarter of 2025.

•Cash and Cash Equivalents: Total cash and cash equivalents at the end of the first quarter of 2026 was $117 million. Our cash balance reflects the repurchase of $81 million in shares during the first quarter of 2026 under the share repurchase plans previously authorized by our Board. We currently have approximately $418 million remaining under our total authorization.

Additional Highlights

Product Innovation

•Announced RingCentral AIR Pro™ and AIR Pro for Healthcare, a voice-first, omnichannel AI agent platform, which enables anyone to design, build, and deploy voice and digital AI agents in minutes using natural language.

•Announced the availability of Branded Messaging through Rich Communication Services (RCS) and Enterprise Branded Calling. This enables businesses to deliver rich, branded messaging and calling experiences, with verified business identities, all within the recipient's native messaging app.

•Announced expanded global messaging with SMS in UK and Australia and launched support for SMS notifications across 190 countries.

•Announced AI Receptionist (AIR) for SMS and call queues, expanding AIR into a cross-channel automation layer that spans both voice and SMS.

•Announced Customer Engagement Bundle (CEB) for Microsoft Teams, which brings lightweight contact center capabilities into the Teams environment.

GTM Highlights

•Cox Business Announced New AI-First Contact Center Solution Powered by RingCentral, which introduces an AI-first, omni-channel platform designed to help organizations modernize customer engagement.

•RingCentral announced a partnership expansion with Spectrum Business to make RingCX and AI Conversation Expert (ACE) available to Spectrum Business customers.

Industry Recognition

•RingCentral was named a Leader in the IDC MarketScape: Worldwide Communications Engagement Platforms 2026, recognized for its unified UCaaS, CCaaS, and CPaaS architecture and deep AI integration.

•RingCentral was recognized as a Leader in the Omdia Universe: Customer Engagement Platforms, 2026 report, advancing from Challenger in the prior year's report, and received a best-in-class 99% score for Vendor Execution.

•RingCentral was named a Top CCaaS Provider in Metrigy’s 2026 MetriStar Report and is one of only three providers to earn a 2026 Top Provider Award for CCaaS and WEM.

Financial Outlook

Second Quarter 2026 Guidance:

•Subscriptions revenue of $628 to $633 million.

•Total revenue of $648 to $653 million.

•GAAP operating margin of 6.6% to 7.6%.

•Non-GAAP operating margin of 23.0% to 23.2%

•Non-GAAP EPS of $1.15 to $1.17 based on approximately 87.0 million fully diluted shares.

•Share-based compensation of $58 to $62 million.

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 based on 87.0 to 86.5 million fully diluted shares.

•Share-based compensation of $240 to $245 million.

•Raising free cash flow guidance of $590 to $605 million.

Conference Call Details:

•What: RingCentral financial results for the first quarter of 2026 and outlook for the second quarter and full year of 2026.

•When: Thursday, May 7, 2026 at 2:00PM PT (5:00PM ET).

•Dial-in: 1-888-349-0093 from the United States; 1-412-317-5201 internationally

•Webcast: https://ir.ringcentral.com (live and replay).

Investor Presentation Details

An investor presentation providing additional information and analysis can be found at https://ir.ringcentral.com.

About RingCentral

RingCentral is a global leader in AI–powered customer engagement, delivering an integrated platform for business phone, SMS, contact center, workforce engagement management, video collaboration, and messaging. Powered by advanced AI capabilities, RingCentral delivers intelligence at every phase of the conversation journey — before, during, and after each human interaction. With RingCentral, businesses can work smarter, respond faster, and connect more meaningfully with their customers. Visit ringcentral.com to learn more.

Forward-Looking Statements

This press release contains “forward-looking statements,” including but not limited to, statements regarding our future financial results, our GAAP and non-GAAP guidance, the results of the pace of our innovation, our expectations around the contribution of our new products, and our expectations around the demand for our products. Forward-looking statements are subject to known and unknown risks and uncertainties, and are based on assumptions that may prove to be incorrect, which could cause actual results to differ materially from those expected or implied by the forward-looking statements. Among the important factors that could cause actual results to differ materially from those in any forward-looking statements are: our ability to attract new customers and grow at our expected rate of growth; our ability to add and retain larger and enterprise customers and enter new geographies and markets; our ability to develop and continue to release, and gain customer acceptance of, new and improved versions of our services; our ability to compete successfully against existing and new competitors; our ability to enter into and maintain relationships with channel partners and strategic partners; our ability to realize the anticipated benefits of our strategic relationships; our ability to successfully and timely integrate, and realize the benefits of any significant acquisition we may make; our ability to manage our expenses and growth; and general market, political, economic, and business conditions, as well as those risks and uncertainties included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” in our most recent Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, and in other filings we make with the Securities and Exchange Commission from time to time.

All forward-looking statements in this press release are based on information available to RingCentral as of the date hereof, and we undertake no obligation to update these forward-looking statements, to review or confirm analysts’ expectations, or to provide interim reports or updates on the progress of the current financial quarter.

Non-GAAP Financial Measures

Our reported financial results and financial outlook include certain Non-GAAP financial measures, including Non-GAAP subscriptions gross margin, Non-GAAP other gross margin, Non-GAAP income from operations, Non-GAAP operating margin, Non-GAAP adjusted EBITDA, Non-GAAP net income, Non-GAAP net income per diluted share, Non-GAAP free cash flow and Non-GAAP free cash flow margin.

Non-GAAP subscriptions gross margin is defined as Non-GAAP subscriptions gross profit divided by GAAP subscriptions revenues. Non-GAAP subscriptions gross profit is defined as GAAP subscriptions revenues less Non-GAAP subscriptions cost of revenues. Non-GAAP subscriptions cost of revenues is defined as GAAP subscriptions cost of revenues adjusted for share-based compensation which includes related employer payroll taxes, amortization of acquired intangibles, third-party relocation and other costs and restructuring costs.

Non-GAAP other gross margin is defined as Non-GAAP other gross profit divided by GAAP other revenues. Non-GAAP other gross profit is defined as GAAP other revenues less Non-GAAP other cost of revenues. Non-GAAP other cost of revenues is defined as GAAP other cost of revenues adjusted for share-based compensation which includes related employer payroll taxes, amortization of acquired intangibles and restructuring costs.

Non-GAAP income from operations is defined as GAAP income from operations excluding share-based compensation which includes related employer payroll taxes, amortization of acquired intangibles, asset write-down charges, third-party relocation costs tied to the conflict between Russia and Ukraine and other costs including acquisition-related transaction costs, certain litigation-related costs, change in fair-value of contingent consideration, one-time expenses related to strategic consulting services, other cost-reduction and productivity initiatives, and restructuring costs. Non-GAAP operating margin is defined as Non-GAAP income from operations divided by total GAAP revenue. Non-GAAP adjusted EBITDA is defined as Non-GAAP income from operations excluding depreciation and amortization.

Non-GAAP net income is defined as GAAP net income (loss) excluding share-based compensation which includes related employer payroll taxes, amortization of acquired intangibles, asset write-down charges, third-party relocation costs tied to the conflict between Russia and Ukraine and other costs including acquisition-related transaction costs, certain litigation-related costs, change in fair-value of contingent consideration, loss (gain) associated with investments, intercompany remeasurement gains or losses, one-time expenses related to strategic consulting services, other cost-reduction and productivity initiatives, restructuring costs, non-cash interest expense associated with amortization of debt discount and loss (gain) on early extinguishment of debt, and the related income tax effect of these adjustments.

Non-GAAP free cash flow is defined as GAAP net cash provided by operating activities adjusted for capital expenditures including purchases of property and equipment and capitalized internal-use software. We believe information regarding Non-GAAP free cash flow provides useful information to investors in understanding and evaluating the strength of liquidity and available cash. Non-GAAP free cash flow margin is defined as Non-GAAP free cash flow divided by total GAAP revenues.

We have included Non-GAAP subscriptions gross margin, Non-GAAP other gross margin, Non-GAAP operating margin, Non-GAAP income from operations, Non-GAAP adjusted EBITDA, Non-GAAP net income , Non-GAAP net income per diluted share, Non-GAAP free cash flow and Non-GAAP free cash flow margin in this press release because they are key measures used by us to understand and evaluate our operating performance and trends, to prepare and approve our annual budget, and to develop short and long-term operational plans. In particular, the exclusion of certain expenses and cash flow items in calculating Non-GAAP subscriptions gross margin, Non-GAAP other gross margin, Non-GAAP operating margin, Non-GAAP income from operations, Non-GAAP adjusted EBITDA, Non-GAAP net income, Non-GAAP net income per diluted share, Non-GAAP free cash flow, and Non-GAAP free cash flow margin provide useful measure for period-to-period comparisons of our business.

Although Non-GAAP subscriptions gross margin, Non-GAAP other gross margin, Non-GAAP operating margin, Non-GAAP income from operations, Non-GAAP adjusted EBITDA, Non-GAAP net income, Non-GAAP net

income per diluted share, Non-GAAP free cash flow and Non-GAAP free cash flow margin are frequently used by investors in their evaluations of companies, these non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP. Because of these limitations, these non-GAAP financial measures should be considered alongside other financial performance measures.

For a reconciliation of our forecasted non-GAAP operating margin and free cash flow, see “Reconciliation of Forecasted Operating Margin GAAP Measures to Non-GAAP Measures.” We have not reconciled our forecasted non-GAAP EPS to its respective forecasted GAAP measure because we do not provide guidance on it. We do not provide guidance on forecasted GAAP EPS because of the inherent uncertainty and complexity involved in forecasting the intercompany remeasurement gain (loss), gain (loss) associated with investments, gain (loss) on early debt extinguishment, and provision (benefit) from income taxes, which could be significant reconciling items between the non-GAAP and respective GAAP measures. The intercompany remeasurement gain (loss) is affected by the movement in various exchange rates relative to the U.S. Dollar, which is difficult to predict and subject to constant change. We do not provide guidance on gain (loss) associated with investments as it is based on future share prices, which are difficult to predict and subject to inherent uncertainties. We do not provide guidance on gain (loss) on early debt extinguishments as these are based on future conversion requests and interest rates, which are difficult to predict and are subject to inherent uncertainties. We do not provide guidance on forecasted GAAP tax rates as we do not forecast discrete tax items as they are difficult to predict. We utilized a projected long-term tax rate in our computation of the non-GAAP income tax provision. For fiscal 2026, we have determined the projected non-GAAP tax rate to be 22.5%. Accordingly, a reconciliation of the non-GAAP financial measure guidance to the corresponding GAAP measure is not available without unreasonable effort.

Reconciliations of our non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included in this press release.

Our reported results also include our annualized exit monthly recurring subscriptions (ARR), as well as Net Monthly Subscriptions Dollar Retention Rate. We define our ARR as our monthly recurring subscriptions (MRR) multiplied by 12. Our MRR equals the monthly value of all customer recurring charges contracted at the end of a given month. We believe this metric is a leading indicator of our anticipated subscriptions revenue. We define our Net Monthly Subscription Dollar Retention Rate as (i) one plus (ii) the quotient of Dollar Net Change divided by Average Monthly Recurring Subscriptions. We calculate dollar net change as the quotient of (i) the difference of our monthly recurring subscriptions at the end of a period minus our monthly recurring subscriptions at the beginning of a period minus our monthly recurring subscriptions at the end of the period from new customers we added during the period, (ii) all divided by the number of months in the period. We define our average monthly recurring subscriptions as the average of the monthly recurring subscriptions at the beginning and end of the measurement period.

Investor Relations Contact:

Steven Horwitz

ir@ringcentral.com

Media Contact:

Mariana Leventis, RingCentral

Mariana.Leventis@ringcentral.com

TABLE 1

RINGCENTRAL, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited, in thousands)

March 31, 2026 December 31, 2025

Assets

Current assets

Cash and cash equivalents $ 116,578 $ 132,564

Accounts receivable, net 362,536 384,100

Deferred and prepaid sales commission costs 162,174 167,304

Prepaid expenses and other current assets 86,545 81,190

Total current assets 727,833 765,158

Property and equipment, net 189,061 186,570

Operating lease right-of-use assets 43,815 30,855

Deferred and prepaid sales commission costs, non-current 237,764 252,504

Goodwill 102,984 97,792

Acquired intangibles, net 111,502 135,410

Other assets 8,670 13,166

Total assets $ 1,421,629 $ 1,481,455

Liabilities, Temporary Equity, and Stockholders’ Deficit

Current liabilities

Accounts payable $ 29,675 $ 27,677

Accrued liabilities 302,083 297,633

Current portion of long-term debt, net 46,269 624,216

Deferred revenue 257,367 269,122

Total current liabilities 635,394 1,218,648

Long-term debt, net 1,159,378 629,580

Operating lease liabilities 26,602 14,372

Other long-term liabilities 10,128 7,525

Total liabilities 1,831,502 1,870,125

Temporary equity

Series A convertible preferred stock 199,449 199,449

Stockholders’ deficit

Common stock 8 9

Additional paid-in capital 1,078,877 1,123,447

Accumulated other comprehensive income 1,621 2,458

Accumulated deficit (1,689,828) (1,714,033)

Total stockholders’ deficit (609,322) (588,119)

Total liabilities, temporary equity and stockholders’ deficit $ 1,421,629 $ 1,481,455

TABLE 2

RINGCENTRAL, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited, in thousands, except per share data)

Three Months Ended

March 31,

2026 2025

Revenues

Subscriptions $ 623,166 $ 590,112

Other 21,033 21,944

Total revenues 644,199 612,056

Cost of revenues

Subscriptions 154,408 153,095

Other 25,022 27,355

Total cost of revenues 179,430 180,450

Gross profit 464,769 431,606

Operating expenses

Research and development 81,713 81,983

Sales and marketing 272,843 274,898

General and administrative 60,185 64,385

Total operating expenses 414,741 421,266

Income from operations 50,028 10,340

Other income (expense), net

Interest expense (14,805) (16,115)

Other (expense) income (1,114) 1,402

Other expense, net (15,919) (14,713)

Income (loss) before income taxes 34,109 (4,373)

Provision for income taxes 3,491 5,955

Net income (loss) $ 30,618 $ (10,328)

Net income (loss) per common share

Basic $ 0.36 $ (0.11)

Diluted $ 0.35 $ (0.11)

Weighted-average number of shares used in computing net income (loss) per share

Basic 84,662 91,015

Diluted 86,991 91,015

TABLE 3

RINGCENTRAL, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited, in thousands)

Three Months Ended

March 31,

2026 2025

Cash flows from operating activities

Net income (loss) $ 30,618 $ (10,328)

Adjustments to reconcile net income (loss) to net cash provided by operating activities:

Depreciation and amortization 56,911 55,061

Share-based compensation 54,665 77,881

Amortization of deferred and prepaid sales commission costs 39,436 40,789

Amortization of debt discount and issuance costs 976 1,131

Loss on early extinguishment of debt 1,606 —

Reduction of operating lease right-of-use assets 6,419 6,985

Provision for bad debt 3,739 4,437

Other 4,235 (234)

Changes in assets and liabilities:

Accounts receivable 20,741 698

Deferred and prepaid sales commission costs (27,574) (25,236)

Prepaid expenses and other assets (5,272) (5,399)

Accounts payable (425) 38,461

Accrued and other liabilities (3,693) (15,997)

Deferred revenue (11,862) (13,189)

Operating lease liabilities (6,474) (5,398)

Net cash provided by operating activities 164,046 149,662

Cash flows from investing activities

Purchases of property and equipment (6,544) (5,587)

Capitalized internal-use software (16,855) (13,899)

Cash paid for business combination, net of cash acquired (7,929) —

Net cash used in investing activities (31,328) (19,486)

Cash flows from financing activities

Payments for taxes related to net share settlement of equity awards (10,760) (1,904)

Payments for repurchases of common stock (81,334) (50,000)

Payment of dividends (6,413) —

Proceeds from issuance of long-term debt 600,000 —

Payments for the settlement of convertible notes (609,065) (161,326)

Repurchases of principal on senior notes (26,250) —

Repayments of principal on term loan (11,567) (5,000)

Payments for fees on long-term debt (620) (1,018)

Repayments of financing obligations (633) (633)

Payments for contingent consideration (889) —

Net cash used in financing activities (147,531) (219,881)

Effect of exchange rate changes (1,173) 1,330

Net decrease in cash, cash equivalents, and restricted cash (15,986) (88,375)

Cash, cash equivalents, and restricted cash

Beginning of period 132,564 242,811

End of period $ 116,578 $ 154,436

TABLE 4

RINGCENTRAL, INC.

RECONCILIATION OF OPERATING INCOME (LOSS)

GAAP MEASURES TO NON-GAAP MEASURES

(Unaudited, in thousands)

Three Months Ended

March 31,

2026 2025

Revenues

Subscriptions $ 623,166 $ 590,112

Other 21,033 21,944

Total revenues 644,199 612,056

Cost of revenues reconciliation

GAAP Subscriptions cost of revenues $ 154,408 $ 153,095

Share-based compensation (2,891) (4,929)

Amortization of acquired intangibles (31,537) (31,224)

Third-party relocation and other costs, net — (8)

Restructuring costs (421) (959)

Non-GAAP Subscriptions cost of revenues $ 119,559 $ 115,975

GAAP Other cost of revenues 25,022 27,355

Share-based compensation (523) (1,545)

Amortization of acquired intangibles (79) (84)

Restructuring costs (107) (576)

Non-GAAP Other cost of revenues $ 24,313 $ 25,150

Gross profit and gross margin reconciliation

Non-GAAP Subscriptions 80.8 % 80.3 %

Non-GAAP Other (15.6) % (14.6) %

Non-GAAP Gross profit 77.7 % 76.9 %

Operating expenses reconciliation

GAAP Research and development $ 81,713 $ 81,983

Share-based compensation (14,987) (18,271)

Third-party relocation and other costs, net (11) (333)

Restructuring costs (557) (1,694)

Non-GAAP Research and development $ 66,158 $ 61,685

As a % of total revenues non-GAAP 10.3 % 10.1 %

GAAP Sales and marketing $ 272,843 $ 274,898

Share-based compensation (24,588) (36,037)

Amortization of acquired intangibles (2,920) (2,055)

Third-party relocation and other costs, net — (566)

Restructuring costs (642) (2,988)

Non-GAAP Sales and marketing $ 244,693 $ 233,252

As a % of total revenues non-GAAP 38.0 % 38.1 %

GAAP General and administrative $ 60,185 $ 64,385

Share-based compensation (14,580) (19,534)

Third-party relocation and other costs, net (2,338) (1,374)

Restructuring costs (1,116) (873)

Non-GAAP General and administrative $ 42,151 $ 42,604

As a % of total revenues non-GAAP 6.5 % 7.0 %

Income (loss) from operations reconciliation

GAAP income from operations $ 50,028 $ 10,340

Share-based compensation 57,569 80,316

Amortization of acquired intangibles 34,536 33,363

Third-party relocation and other costs, net 2,349 2,281

Restructuring costs 2,843 7,090

Non-GAAP Income from operations $ 147,325 $ 133,390

Non-GAAP Operating margin 22.9 % 21.8 %

Adjusted EBITDA reconciliation

Depreciation and amortization 22,375 21,698

Non-GAAP Adjusted EBITDA $ 169,700 $ 155,088

As a % of total revenues non-GAAP 26.3 % 25.3 %

TABLE 5

RINGCENTRAL, INC.

RECONCILIATION OF NET INCOME (LOSS)

GAAP MEASURES TO NON-GAAP MEASURES

(In thousands, except per share data) (Unaudited)

Three Months Ended

March 31,

2026 2025

Net income (loss) reconciliation

GAAP net income (loss) $ 30,618 $ (10,328)

Share-based compensation 57,569 80,316

Amortization of acquired intangibles 34,536 33,363

Third-party relocation and other costs, net 2,764 2,203

Restructuring costs 2,843 7,090

Amortization of debt discount and extinguishment costs 2,582 1,131

Income tax expense effects (26,750) (20,984)

Non-GAAP net income $ 104,162 $ 92,791

Reconciliation between GAAP and non-GAAP weighted average shares used in computing basic and diluted net income (loss) per common share:

Weighted average number of shares used in

computing basic net income (loss) per share 84,662 91,015

Effect of dilutive securities 2,329 —

GAAP weighted average shares used in

computing GAAP diluted net income (loss) per share 86,991 91,015

Effect of dilutive securities — 1,908

Non-GAAP weighted average shares used in

computing non-GAAP diluted net income (loss) per share 86,991 92,923

Diluted net income (loss) per share

GAAP net income (loss) per share $ 0.35 $ (0.11)

Non-GAAP net income (loss) per share $ 1.20 $ 1.00

TABLE 6

RINGCENTRAL, INC.

RECONCILIATION OF CASH FLOWS FROM OPERATING ACTIVITIES

GAAP MEASURES TO NON-GAAP FREE CASH FLOW MEASURES

(Unaudited, in thousands)

Three Months Ended

March 31,

2026 2025

Net cash provided by operating activities $ 164,046 $ 149,662

Capitalized expenditures (23,399) (19,486)

Non-GAAP free cash flow $ 140,647 $ 130,176

Non-GAAP free cash flow margin 21.8 % 21.3 %

TABLE 7

RINGCENTRAL, INC.

RECONCILIATION OF FORECASTED OPERATING MARGIN AND FREE CASH FLOW

GAAP MEASURES TO NON-GAAP MEASURES

(Unaudited, in millions)

Q2 2026 FY 2026

Low Range High Range Low Range High Range

GAAP income from operations 43 50 234 254

GAAP operating margin 6.6 % 7.6 % 8.9 % 9.6 %

Share-based compensation 62 58 245 240

Amortization of acquired intangibles 34 34 116 116

Third-party relocation, restructuring and other costs 11 10 15 15

Non-GAAP income from operations 149 151 610 625

Non-GAAP operating margin 23.0 % 23.2 % 23.3 % 23.7 %

FY 2026

Low Range High Range

GAAP net cash provided by operating activities $ 685 $ 695

Capitalized expenditures (95) (90)

Non-GAAP free cash flow $ 590 $ 605

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