RingCentral delivered a solid second quarter, exceeding revenue guidance and achieving record free cash flow. The company reported positive GAAP net and operating income, driven by growth in subscriptions revenue and strong adoption of its AI-powered products. Key financial metrics like non-GAAP operating margin and adjusted EBITDA also saw significant year-over-year improvements.
RingCentral reported a solid start to 2025 with Q1 results demonstrating continued leadership in UCaaS and strong momentum in CCaaS. Total revenue reached $612 million, at the high end of guidance, driven by 6% year-over-year growth in subscriptions revenue. The company achieved GAAP operating profitability for the third consecutive quarter and exceeded $2.5 billion in ARR. Non-GAAP operating margin also exceeded guidance, and the company generated record free cash flow of $130 million.
RingCentral delivered a strong fourth quarter, with total revenue reaching $615 million, an 8% year-over-year increase. The company achieved GAAP operating profitability for the first time in 2024 and reported record cash flow, driven by disciplined spending and reduced stock-based compensation. New AI-powered products, including RingCentral AI Receptionist (AIR), are gaining traction, contributing to growth and expanding the multi-product portfolio.
RingCentral announced strong Q3 2024 results, with total revenue increasing by 9% year-over-year to $609 million and subscriptions revenue increasing by 10% year-over-year to $583 million. The company achieved GAAP operating profitability for the first time and raised its 2024 revenue, net cash provided by operating activities, and free cash flow outlook.
RingCentral announced strong Q2 2024 results, with total revenue up 10% year-over-year to $593 million and subscriptions revenue up 10% to $567 million. The company raised its full-year revenue and free cash flow outlook, driven by solid demand in its core UCaaS business and traction in new products.