Filing Flows › RingCentral (RNG) › Q4 2025
RingCentral (RNG) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
RingCentral (RNG) reported revenue of $644M for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and +0.8% from the quarter before. Operating margin was 6.6%, net earnings $23.0M (3.6% of revenue).
RingCentral, Q4 2025: revenue $644M (+5% year over year), operating margin 6.6%, net earnings $23.0M, operating cash flow $149M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $644M | +0.8% | +5% |
| Gross profit | $461M | +0.5% | +6% |
| Operating profit | $42.4M | +38% | +171% |
| Net earnings | $23.0M | +31% | — |
| Operating cash flow | $149M | -2% | +12% |
| Free cash flow | $126M | — | +13% |
What changed
Revenue was $644.0M in Q4 2025, up 5% year over year and up 1% from the previous quarter. Subscriptions was the largest line at 97% of revenue.
Gross margin was 71.5%, up 0.5 points from a year earlier. Operating profit was $42.4M, a 6.6% margin (up 4.0 points year over year). Of the extra revenue versus a year earlier, 91% reached operating profit, above the 3% margin then. Operating expenses fell 1% while revenue rose 5%. The fastest-growing cost line was General & admin (+10%). Net earnings were $23.0M. The effective tax rate was 17.6%.
Operating cash flow was $149.0M (up 12% year over year), 649% of net earnings. Non-cash charges added back $56.2M of depreciation and amortization and $63.6M of share-based compensation. After capitalized expenditures ($22.9M), free cash flow as the company reports it was $126.1M.
Questions
What was RingCentral's revenue in the fourth quarter 2025?
RingCentral (RNG) reported revenue of $644M for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and +0.8% from the quarter before.
Was RingCentral profitable in the fourth quarter 2025?
Operating profit was $42.4M (6.6% of revenue) and net earnings $23.0M.
Source: RingCentral 10-K on SEC EDGAR.