Filing Flows › RingCentral (RNG) › Q3 2025
RingCentral (RNG) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
RingCentral (RNG) reported revenue of $639M for the third quarter 2025 (Q3 2025), +5% from a year earlier and +3% from the quarter before. Operating margin was 4.8%, net earnings $17.6M (2.7% of revenue).
RingCentral, Q3 2025: revenue $639M (+5% year over year), operating margin 4.8%, net earnings $17.6M, operating cash flow $151M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $639M | +3% | +5% |
| Gross profit | $458M | +4% | +7% |
| Operating profit | $30.8M | -17% | +836% |
| Net earnings | $17.6M | +33% | — |
| Operating cash flow | $151M | -10% | +19% |
| Free cash flow | $130M | — | +23% |
What changed
Revenue was $638.7M in Q3 2025, up 5% year over year and up 3% from the previous quarter. Subscriptions was the largest line at 96% of revenue. Subscriptions added $32.9M year over year (up 6%), 110% of the total change. Other declined 11%.
Gross margin was 71.8%, up 1.4 points from a year earlier. Operating profit was $30.8M, a 4.8% margin (up 4.3 points year over year). Of the extra revenue versus a year earlier, 92% reached operating profit, above the 1% margin then. Operating expenses grew 1% against revenue growth of 5%. Net earnings were $17.6M. The effective tax rate was -3.0%.
Operating cash flow was $151.4M (up 19% year over year), 862% of net earnings. Non-cash charges added back $56.4M of depreciation and amortization and $64.7M of share-based compensation. Working capital and other items added $12.7M. After capitalized expenditures ($21.8M), free cash flow as the company reports it was $129.5M.
Questions
What was RingCentral's revenue in the third quarter 2025?
RingCentral (RNG) reported revenue of $639M for the third quarter 2025 (Q3 2025), +5% from a year earlier and +3% from the quarter before.
Was RingCentral profitable in the third quarter 2025?
Operating profit was $30.8M (4.8% of revenue) and net earnings $17.6M.
Source: RingCentral 10-Q on SEC EDGAR.