# RingCentral share price today (RingCentral, Inc., RNG)

> RingCentral, Inc.'s balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. RNG · Technology · Software - Application · data as of 5 November 2026. Page: https://www.sectoralpha.in/us/stocks/rng

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## Key numbers

- Price: $74.33 (+176.0% in a year)
- P/E: 9.8× (lower than 100% of the last 1 year)
- Revenue (Sep 2026): $676 M (+5.9% on a year ago)
- Profit (Sep 2026): $565 M (+3,116.0% on a year ago)
- Operating margin: 9.9% (+4.7 points on a year ago)
- ROE: −11%, FY25

Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. ## What is the RingCentral share price today? RingCentral, Inc.'s share price was $74.33 at the close on 5 November 2026. It has been rising for 30 weeks. That is 47.7% above its average price over the last 200 trading days. In the last 52 weeks it traded between $26 and $83, and at that close it sat 84% of the way up from that low. Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 16 weeks in a row. Over the last 10 years the share price moved +243% while the S&P 500 moved +245%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does RingCentral pay? RingCentral, Inc. has 3 quarters of declared dividends on file, too few for a 12-month total. The most recent declaration was $0.13 for Sep 2026. RingCentral, Inc. declared a dividend in 3 of the last 12 reported quarters, most recently $0.13 for Sep 2026. That is fewer than four quarters, so no 12-month total is shown. ## Which stock lists is RingCentral on? RingCentral is on one of our US lists: US tech stocks. [US tech stocks](https://www.sectoralpha.in/us-tech-stocks)

## Is RingCentral profitable? RingCentral, Inc. earned $565 M of net profit in the Sep 2026 quarter, +3,116.0% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY25 profit was $43.4 M. That is 83.5% of the quarter's revenue. The same quarter a year earlier earned $17.6 M. 6 of the last 12 reported quarters were loss-making. ## How much revenue does RingCentral make, and is it growing? RingCentral, Inc. reported $676 M of revenue in the Sep 2026 quarter, +5.9% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 4 years it has grown 12.1% a year on average. The last full year, FY25, came in at $2.5 B. The last four reported quarters add to $2.6 B. FY25 revenue was $2.5 B, +4.8% on the year before. Recent pace: the last four quarters grew +5.5% on average, against 12.1% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +5.5%, against +5.5% a year over the last 8 quarters (stabilising). ## How much of every $100 of sales does RingCentral keep? RingCentral, Inc.'s operating margin was 9.9% in the Sep 2026 quarter, 4.7 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between −31.8% and 5.3%. The latest quarter is above every full year in that period. Across 5 years it has been between −31.8% and 5.3%, and FY25's 5.3% is the highest of them. Why the margin moved: operating margin changed +4.7 percentage points on the year while gross margin changed +1.4 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead. ## Is RingCentral's profit turning into cash? RingCentral, Inc.'s cash-flow history is too short to judge how much of its profit turns into cash. In FY25 it brought in $617 M of operating cash against $43.4 M of profit. After $30.1 M of spending on assets, $587 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does RingCentral's cash go? RingCentral, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $78.6 M on assets over the last 3 years. Averaged over those years that is 1.0% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $78.6 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is RingCentral's P/E ratio, and how does it compare with its own history? RingCentral, Inc.'s P/E is 9.8×, about the lowest it has ever been. Its usual P/E (the middle reading) is 54.6×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the RingCentral business getting better or worse? RingCentral, Inc.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. The latest quarter’s profit includes a one-off item bigger than the normal business, so the profit line is shown but does not count in this reading. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does RingCentral earn on its capital? RingCentral, Inc. earned a ROE of −11% in FY25. That is up from a low of −70% in FY21. Its return on capital used (ROIC) is 14.8 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 1.7% net margin and 1.70× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 1.7% net margin × 1.70× asset turnover × −3.81× leverage (assets divided by equity) ≈ −11.0% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 24.0% − 9.2% = +14.8 percentage points. The 9.2% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value. The 24.0% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 16.0%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does RingCentral have too much debt? RingCentral, Inc. has total debt of $1.1 B against shareholder equity of $187 M as of Sep 2026, so its debt is 5.63× its equity. Year by year, that ratio went from 2.69 in FY21 to −3.32 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the RingCentral shareholding pattern? 9.0% of RingCentral, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 4.2 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is RingCentral from balance-sheet trouble? For RingCentral, Inc., the Z-score is 2.22. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the grey area between the two. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 2.22 is in the grey area, neither clearly safe nor clearly in trouble. ## How does RingCentral rank in its industry? There is no score against its industry: RingCentral, Inc. is not among the largest members shown in this industry comparison for Software - Application. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is RingCentral compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to RingCentral in size? RingCentral is the 51st largest of 142 Software - Application companies on Sector Alpha by market value (scores of 5 November 2026). Just above it: Navan, Inc., Commvault Systems, Inc. and Open Text Corporation. Just below it: Klaviyo, Inc., NICE and Pegasystems Inc. ### Software - Application companies close in size

1. [Navan, Inc.](https://www.sectoralpha.in/us/stocks/navn) $6.6 billion
2. [Commvault Systems, Inc.](https://www.sectoralpha.in/us/stocks/cvlt) $6.4 billion
3. [Open Text Corporation](https://www.sectoralpha.in/us/stocks/otex) $6.3 billion
4. RingCentral, Inc. $6.3 billion
5. [Klaviyo, Inc.](https://www.sectoralpha.in/us/stocks/kvyo) $5.9 billion
6. [NICE Ltd.](https://www.sectoralpha.in/us/stocks/nice) $5.8 billion
7. [Pegasystems Inc.](https://www.sectoralpha.in/us/stocks/pega) $5.5 billion

[All 142 Software - Application companies, largest first](https://www.sectoralpha.in/us/sectors/software-application#all-companies)

### Companies close in size in other industries

1. [Liberty Broadband Corporation](https://www.sectoralpha.in/us/stocks/lbrda) $6.6 billion · Telecom Services
2. [Lantheus Holdings, Inc.](https://www.sectoralpha.in/us/stocks/lnth) $6.6 billion · Drug Manufacturers - Specialty & Generic
3. RingCentral, Inc. $6.6 billion
4. [Hess Midstream LP](https://www.sectoralpha.in/us/stocks/hesm) $6.6 billion · Oil & Gas Midstream
5. [Noble Corporation plc](https://www.sectoralpha.in/us/stocks/ne) $6.6 billion · Oil & Gas Drilling

## What else do people ask about RingCentral? ### What were RingCentral's latest quarterly results? RingCentral, Inc. reported revenue of $676 M and net profit of $565 M for the Sep 2026 quarter. Revenue rose 5.9% and profit rose 3,116.0% compared with a year earlier. Earnings per share were $6.50. The operating margin was 9.9%, 4.7 percentage points higher than a year earlier (as of 5 November 2026). ### What is RingCentral's market cap? RingCentral, Inc.'s market capitalisation is $6.3 B at a stock price of $74.33. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 5 November 2026). ### How is RingCentral performing? RingCentral, Inc.'s share price has been rising for 30 weeks. In its latest quarter, revenue rose 5.9% and profit rose 3,116.0% compared with a year earlier. Over the past 13 weeks it has done better than the S&P 500, for 16 weeks running (as of 5 November 2026). ### Will RingCentral's stock price go up? This page does not forecast RingCentral, Inc.'s stock price. What it shows instead: the stock price is $74.33, and it has been rising for 30 weeks. Its P/E of 9.8× is higher than 0% of its own last 1 years (as of 5 November 2026). ### Where is RingCentral in its business cycle? RingCentral, Inc.'s FY25 operating margin was 5.3%, against a 5-year range of −31.8% to 5.3%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 9.9%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 5 November 2026). ### What could break the RingCentral story? Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 5 November 2026). ### Is RingCentral a stock worth studying right now? What the numbers show: RingCentral, Inc.'s balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. The main open question: whether the business can earn its way back to positive net worth before new shares or a restructuring get there first. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 5 November 2026). ## Lists

- US tech stocks: https://www.sectoralpha.in/us-tech-stocks

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