“Net cash used in investing activities was $57.6 million for the six months ended June 30, 2026, driven by $49.6 million in capital expenditures, including personnel-related costs associated with the development of internal-use software, and $7.9 million in ca…”10-Q · Jul 23, 2026 ↗
RingCentral, Inc.
RNG
Market read
RingCentral, Inc.'s current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 36 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 21 directly disclosed connections are confirming.
- Revenue increased 5.3% versus the comparable filing period.
- Cash declined 37.9M versus the comparable period.
- Material financing activity reported: cash settlement of convertible notes and Term Loans drawn under the Credit Agreement.
- Repurchases of $50.0M (June 2025) and $25.0M (March 2026) of 2030 Senior Notes are cited as the primary driver of a $1.3M decrease in interest expense for the quarter.
Invalidation: The isolated read changes if RNG's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 36 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 21 directly disclosed connections are confirming.
- Revenue increased 5.3% versus the comparable filing period.
- Cash declined 37.9M versus the comparable period.
- Material financing activity reported: cash settlement of convertible notes and Term Loans drawn under the Credit Agreement.
- Repurchases of $50.0M (June 2025) and $25.0M (March 2026) of 2030 Senior Notes are cited as the primary driver of a $1.3M decrease in interest expense for the quarter.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Operating margin changed +4.7 percentage points in the latest annual period.
- Net margin changed +4.2 percentage points in the latest annual period.
- Operating cash flow covered net income at 14.23x in the latest annual period.
- Credit and interest rates has repeated adverse evidence across 4 filings.
- Pricing and mix has repeated adverse evidence across 3 filings.
- P/E is 577% above the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 46% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
68.96Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“Interest expense increased by $2.2 million, or 13%, and $0.9 million, or 3%, for the three and six months ended June 30, 2026, respectively, as compared to the respective prior year, primarily attributable to interest incurred on the incremental Term Loan.”10-Q · Jul 23, 2026 ↗
“Other revenue gross margin decreased mainly due to lower pricing of our product sales and professional services.”10-K · Feb 27, 2026 ↗
“The decrease in other revenues is primarily driven by lower device sales, reflecting reduced demand for pre-configured desk phones as customers increasingly adopt mobile-based applications and lower professional services resulting from increased adoption of o…”10-K · Feb 27, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 2.5× · EV/sales 2.7×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 14:05 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for RNG. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
The latest filing shows material pressure
10-Q filed 2026-05-11 against the comparable filing from 2025-05-09.
What improved
- Revenue increased 5.3% versus the comparable filing period.
What weakened
- Cash declined 37.9M versus the comparable period.
Filing receipts
“Other (expense) income decreased by $2.5 million for the three months ended March 31, 2026, as compared to the respective prior year, primarily due to a $1.6 million loss on debt extinguishment recognized in connection with the repurchase of $25.0 million of principal on our 2030 Senior Notes for an aggregate repurchase price of $26.3 million.”
“Interest expense decreased by $1.3 million, or (8)%, for the three months ended March 31, 2026, as compared to the respective prior year period, primarily driven by reduction in our outstanding 2030 Senior Notes due to the repurchase of $50.0 million and $25.0 million of principal in June 2025 and March 2026, respectively.”
“The decrease was primarily driven by lower net debt paydown of $120.7 million compared to the prior year ($45.6 million net principal paydown during the three months ended March 31, 2026 versus $166.3 million paydown in the comparable prior year period), partially offset by $31.3 million higher common stock repurchases, $8.9 million higher payments for taxes on net share settlement of equity awards, and our inaugural $6.4 million quarterly cash dividend.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind RNG
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
HUBSHubSpot, Inc.customerFeb 27, 2026 ▾
“RingCX is our native next-generation CCaaS solution, delivering an AI-powered customer engagement solution with deep CRM integrations and a broad ecosystem of integrated partner solutions, including the following capabilities: ◦ Omnichannel support across voi…”
MSFTMicrosoft CorporationcustomerFeb 27, 2026 ▾
“RingCX is our native next-generation CCaaS solution, delivering an AI-powered customer engagement solution with deep CRM integrations and a broad ecosystem of integrated partner solutions, including the following capabilities: ◦ Omnichannel support across voi…”
Depended on by
ZMZoom Communications, Inc.competitorMay 22, 2026 ▾
“We face competition from legacy web-based meeting services providers, including Cisco Webex and GoTo, bundled productivity suite providers with communications offerings, including Microsoft 365 (with Teams) and Google Workspace (with Meet), and UCaaS and lega…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 22 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
RNG is currently a Follower in the organic co-movement group Software - Application. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.