Excellent to see the entire team here. Thank you so much for spending your time with us, and thank you for joining us as well.Question-and-Answer Session Kasthuri RanganGoldman Sachs Group, Inc., Research Division So Vlad, you always get the same question from me at the start of this conference. I think we've been doing this for 4 years in a row, 2022, 2023, '24. 5 years -- 4 years, sorry. 10 years, yes. But I don't ask you the same question all the time. But this time, fourth year in a row, what does Rin ...

Summary of RingCentral (NYSE:RNG) 2025 Conference Call Company Overview - **Company**: RingCentral - **Industry**: Unified Communications as a Service (UCaaS) and Contact Center as a Service (CCaaS) Key Points and Arguments Future Outlook - RingCentral is confident in its future, stating it will remain a leader in business voice and that AI will enhance rather than threaten its business model [5][6][8] AI Integration - AI is seen as a tool for improving customer interactions, making them more efficient and valuable for both consumers and service providers [8][12] - The company has observed an increase in human-to-human connections due to AI deployment, as it helps facilitate communication rather than replace it [9][13] - AI is integral to new products, particularly the RingCentral Contact Center, which is described as an AI-first product [20][22] Financial Performance and Growth Strategy - The company aims for $100 million in exit Annual Recurring Revenue (ARR) from new products by 2025, with AI being a critical component of this target [19][20] - CFO emphasizes the importance of driving profitable growth, expanding operating margins, and maintaining disciplined capital allocation [25][26] - RingCentral has over $500 million in free cash flow, allowing for debt repayment, stock buybacks, and investment in innovation [26] Product Development and Market Position - RingCentral AIR, an AI receptionist product, is currently deployed in 3,000 accounts, with a target of expanding to 500,000 accounts [29][31] - The pricing model for AIR is set at $59 per account, with a consumption model for additional usage [32][34] - The company is leveraging AWS and GCP for its infrastructure, optimizing for cost and performance [41] Competitive Landscape - The transition from on-premise to cloud solutions is a key driver for customers switching to RingCentral, as the company integrates its PBX and contact center offerings [44][45] - The partnership with NICE Contact is highlighted as a significant factor in addressing high-end market needs [56][58] Innovation and R&D - RingCentral invests $250 million annually in R&D, with a significant portion directed towards AI and customer experience improvements [59][60] - The company is seeing productivity improvements of 20% in development processes due to AI tools [67][75] Customer Insights and AI Utilization - AI is viewed as augmenting human roles rather than replacing them, with a focus on enhancing productivity across various departments [78][79] - The company is opportunistic in its approach to customer acquisition, particularly in the AI space, which is seen as a higher-value offering [79] Future Growth Drivers - Key drivers for future growth include innovation, channel efficiency, and internal discipline regarding stock-based compensation [86][88] Additional Important Insights - The company is optimistic about reaccelerating revenue growth, with a focus on expanding its multi-product portfolio [59][57] - AI agents are expected to handle a variety of customer service inquiries effectively, although complex queries may still require human intervention [90]

NEW YORK, Aug. 21, 2025 (GLOBE NEWSWIRE) -- 17a-4's DataParser, a trusted name in enterprise data integration and compliance solutions, is proud to announce the latest expansion of its platform: support for RingCentral, a global leader in cloud-based communications. This strategic development further strengthens DataParser's commitment to providing organizations with robust, scalable tools for regulatory compliance, information governance, and risk management in the dynamic digital workplace. 17a-4 LLC is a ...

Group 1 - RingCentral (NYSE: RNG) has been assigned a "buy" rating and has performed nearly in line with the S&P 500, showing a ~14% increase, and has outperformed the Russell 2000 by ~3 percentage points [1] - Invest Heroes LLC, a CIS-based research firm founded in 2018, provides equity and fixed income research services and has gained recognition among professional investors and private clients [1] - The firm covers over 120 Russian, US, and Chinese stocks, as well as 200+ Russian bonds, and offers research as a paid service to institutional clients and private clients [1] Group 2 - The research team at Invest Heroes consists of 9 analysts and has achieved global professional recognition, being included in Refinitiv and Factset within the first two years of operation [1] - The firm has been recognized as the best analysts in the Refinitiv rating for several Russian companies and is in the process of signing with S&P Market Intelligence [1] - The forecasts provided by Invest Heroes are often ahead of the market due to a detailed business model built for each company [1]

Core Insights - RingCentral, Inc. (NYSE: RNG) specializes in cloud-based business communication solutions for contact centers [1] - The company is expanding its partnership with AT&T (T) by providing more solutions through AT&T Office@Hand [1] - RingCentral offers a multi-product portfolio that enhances its service offerings [1]

When you look at Clean Energy Fuels Corp. (NASDAQ: CLNE ) today, it's easy to forget just how the stock once behaved. In early 2021, it was part of the "green energy" excitement that pushed a lot of small-cap clean fuel names Analyst's Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it ...

PART I. FINANCIAL INFORMATION [Financial Statements (unaudited)](index=6&type=section&id=Item%201.%20Financial%20Statements%20(unaudited)) RingCentral's unaudited Q2 2025 financial statements report **$620.4 million** revenue, a **5% increase**, and a shift to **$13.2 million net income**, with improved cash flow and debt reduction [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets decreased to **$1.61 billion** by June 30, 2025, from **$1.78 billion**, while total liabilities reduced to **$1.89 billion**, improving the stockholders' deficit Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $168,113 | $242,811 | | Total current assets | $800,253 | $871,122 | | Total assets | $1,605,459 | $1,779,873 | | **Liabilities & Stockholders' Deficit** | | | | Total current liabilities | $1,233,090 | $748,799 | | Long-term debt, net | $632,903 | $1,347,881 | | Total liabilities | $1,892,597 | $2,131,343 | | Total stockholders' deficit | ($486,587) | ($550,919) | [Condensed Consolidated Statements of Operations](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q2 2025 total revenues grew **5%** to **$620.4 million**, with income from operations reaching **$37.0 million** and net income at **$13.2 million**, a significant turnaround from prior year losses Q2 2025 vs Q2 2024 Statement of Operations (in thousands) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | | :--- | :--- | :--- | | Total revenues | $620,398 | $592,907 | | Gross profit | $441,448 | $416,237 | | Income (loss) from operations | $36,963 | ($5,359) | | Net income (loss) | $13,193 | ($14,753) | | Diluted EPS | $0.14 | ($0.16) | [Condensed Consolidated Statements of Cash Flows](index=10&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operations increased to **$317.1 million** for the six months ended June 30, 2025, while financing activities used **$353.8 million**, primarily for debt repayments and stock repurchases Six-Month Cash Flow Summary (in thousands) | Cash Flow Activity | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $317,076 | $223,175 | | Net cash used in investing activities | ($42,515) | ($63,992) | | Net cash used in financing activities | ($353,787) | ($180,871) | | Net decrease in cash | ($74,698) | ($22,867) | [Notes to Condensed Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Notes detail revenue disaggregation, debt structure including 2025 Convertible Notes settlement and 2030 Senior Notes repurchase, share repurchases, share-based compensation, and restructuring costs - Revenue from North America accounted for **88% of total revenues** for the three months ended June 30, 2025[36](index=36&type=chunk) - As of June 30, 2025, the company had approximately **$2.6 billion in remaining performance obligations**, with **54% expected to be recognized as revenue over the next 12 months**[38](index=38&type=chunk) - In March 2025, the company settled the remaining **$161.3 million principal** of its 2025 Convertible Notes in cash; in June 2025, it repurchased **$50.0 million of principal** on its 2030 Senior Notes for **$53.9 million**[58](index=58&type=chunk)[61](index=61&type=chunk) - The company incurred restructuring costs of **$2.8 million** and **$9.9 million** for the three and six months ended June 30, 2025, respectively, as part of efforts to optimize its cost structure[113](index=113&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=28&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q2 2025 financial performance, highlighting **5% revenue growth**, **$2.59 billion ARR**, improved profitability from disciplined spending, significant debt reduction, and strong operating cash flow [Overview and Key Business Metrics](index=28&type=section&id=Overview%20and%20Key%20Business%20Metrics) RingCentral's key business metrics show Annualized Exit Monthly Recurring Subscriptions (ARR) grew to **$2.59 billion**, a **6.6% increase**, with Net Monthly Subscription Dollar Retention Rate consistently above **99%** - The company's multi-product portfolio is centered on **AI-powered solutions**, including RingEX, RingCentral Contact Center, RingCX, and AI Receptionist[127](index=127&type=chunk) Key Business Metrics | Metric | June 30, 2025 | June 30, 2024 | | :--- | :--- | :--- | | Annualized Exit Monthly Recurring Subscriptions (ARR) | $2.59 billion | $2.43 billion | | Net Monthly Subscription Dollar Retention Rate | >99% | >99% | [Results of Operations](index=31&type=section&id=Results%20of%20Operations) Q2 2025 total revenues increased **5%**, driven by **6% subscription revenue growth**, with gross margin at **71%** and operating expenses decreasing to **65% of revenue**, resulting in a **6% operating margin** Revenue Comparison (in thousands) | Revenue Type | Q2 2025 | Q2 2024 | % Change | | :--- | :--- | :--- | :--- | | Subscriptions | $598,728 | $567,058 | 6% | | Other | $21,670 | $25,849 | (16)% | | **Total revenues** | **$620,398** | **$592,907** | **5%** | Operating Expense Comparison (in thousands) | Expense Category | Q2 2025 | Q2 2024 | % Change | | :--- | :--- | :--- | :--- | | Research and development | $77,539 | $79,750 | (3)% | | Sales and marketing | $263,585 | $269,487 | (2)% | | General and administrative | $63,361 | $72,359 | (12)% | [Liquidity and Capital Resources](index=35&type=section&id=Liquidity%20and%20Capital%20Resources) As of June 30, 2025, the company held **$168.1 million** in cash, repaid **$271.3 million** in debt, generated **$317.1 million** in operating cash flow, and repurchased **$81.8 million** in shares - The company reduced its outstanding debt by repaying **$271.3 million of principal** in the first half of 2025, including settling its 2025 Convertible Notes and repurchasing a portion of its 2030 Senior Notes[170](index=170&type=chunk) - During the six months ended June 30, 2025, the company repurchased approximately **3.0 million shares** for **$81.8 million**[169](index=169&type=chunk) Non-GAAP Free Cash Flow Reconciliation (in thousands) | Metric | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $317,076 | $223,175 | | Capitalized expenditures | ($42,515) | ($37,701) | | **Non-GAAP free cash flow** | **$274,561** | **$185,474** | [Quantitative and Qualitative Disclosures About Market Risk](index=39&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Primary market risks include foreign currency and interest rate fluctuations, with foreign currency risk currently low and interest rate risk mitigated by a swap agreement on the variable-rate Term Loan - The majority of sales contracts are denominated in U.S. dollars, limiting current foreign currency risk, though this risk may increase with international expansion[190](index=190&type=chunk)[191](index=191&type=chunk) - The company uses a five-year floating-to-fixed interest rate swap to hedge against interest rate fluctuations on its variable-rate Term Loan[194](index=194&type=chunk) [Controls and Procedures](index=41&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of June 30, 2025, with no material changes to internal control over financial reporting during the quarter - As of June 30, 2025, the CEO and CFO concluded that the company's disclosure controls and procedures were **effective**[197](index=197&type=chunk) - There were no material changes in the company's internal control over financial reporting during the quarter[198](index=198&type=chunk) PART II. OTHER INFORMATION [Legal Proceedings](index=42&type=section&id=Item%201.%20Legal%20Proceedings) The company settled a CIPA class action lawsuit in July 2025, with the settlement amount accrued as a general and administrative expense in Q2 2025 - The company settled the CIPA class action lawsuit (Reuben v. RingCentral) in July 2025 and accrued the settlement amount during the quarter ended June 30, 2025[84](index=84&type=chunk)[201](index=201&type=chunk) [Risk Factors](index=42&type=section&id=Item%201A.%20Risk%20Factors) Key risks include a history of net losses, intense competition, reliance on third-party vendors, service interruptions, cybersecurity threats, evolving AI legal landscape, regulatory compliance, and substantial debt obligations - The company has a history of significant losses and may not be able to achieve or sustain profitability in the future due to competition, macroeconomic conditions, and the need for continued investment[206](index=206&type=chunk)[207](index=207&type=chunk) - Intense competition exists from providers such as Microsoft, Zoom, 8x8, and others, many of whom have greater resources, longer operating histories, and larger customer bases[230](index=230&type=chunk)[231](index=231&type=chunk)[232](index=232&type=chunk) - The business relies on third-party vendors for critical services, including video (Zoom), contact center (NICE), and network connectivity, making it vulnerable to disruptions or changes in these relationships[263](index=263&type=chunk)[292](index=292&type=chunk) - Servicing the company's substantial debt, including convertible notes, senior notes, and a term loan, requires significant cash flow and could constrain business flexibility and growth[325](index=325&type=chunk)[330](index=330&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=76&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company repurchased **1,256,349 Class A Common Stock shares** in Q2 2025, with **$186.0 million** remaining for repurchases, and the authorization subsequently increased to **$500.0 million** Q2 2025 Share Repurchase Activity | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | April 2025 | 519,869 | $23.54 | | May 2025 | 0 | N/A | | June 2025 | 736,480 | $27.15 | | **Total Q2 2025** | **1,256,349** | **$25.62 (calculated)** | - On July 30, 2025, the board of directors increased the share repurchase authorization to **$500.0 million**[367](index=367&type=chunk) [Other Information](index=76&type=section&id=Item%205.%20Other%20Information) Key events include the appointment of Vaibhav Agarwal as new CFO on August 5, 2025, and director Robert Theis adopting a Rule 10b5-1 trading plan for stock sales - Effective August 5, 2025, **Vaibhav Agarwal** was appointed as the new Chief Financial Officer, succeeding Abhey Lamba[373](index=373&type=chunk) - On May 22, 2025, director Robert Theis adopted a Rule 10b5-1 trading plan for the sale of up to **5,610 shares of Class A common stock**[370](index=370&type=chunk) [Exhibits](index=77&type=section&id=Item%206.%20Exhibits) Exhibits include compensatory and transition agreements for CFO changes, along with CEO and CFO certifications required by the Sarbanes-Oxley Act - The report includes new compensatory and transition agreements related to the CFO change as exhibits **10.1, 10.2, and 10.3**[381](index=381&type=chunk) - Certifications from the CEO and CFO pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act are filed as exhibits[381](index=381&type=chunk)

RingCentral (RNG -0.71%), a business communications provider known for its cloud-based phone, messaging, and contact center services, reported results for Q2 2025 on August 5, 2025. The company announced results that beat analyst forecasts, with GAAP revenue of $620 million versus an expected $617.78 million, and non- GAAP earnings per share (EPS) of $1.06 compared to the $1.02 consensus. The quarter saw solid improvement in margins and cash flow, a continued rise in subscription revenue, and growing custom ...

Group 1 - RingCentral reported $620.4 million in revenue for Q2 2025, a year-over-year increase of 4.6% [1] - The EPS for the same period was $1.06, compared to $0.91 a year ago, indicating a positive growth trend [1] - The revenue exceeded the Zacks Consensus Estimate of $617.72 million by 0.43%, and the EPS also surpassed the consensus estimate of $1.02 by 3.92% [1] Group 2 - Key metrics indicate that RingCentral's stock has returned -19.6% over the past month, contrasting with the S&P 500 composite's +1% change [3] - The company currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3] Group 3 - Gross Margin for Other was reported at -23.1%, significantly below the six-analyst average estimate of -7.6% [4] - Gross Margin for Subscriptions was 80.6%, slightly above the estimated 80.5% by six analysts [4] - Subscription revenues reached $598.73 million, exceeding the average estimate of $597.67 million, reflecting a year-over-year change of +5.6% [4] - Revenues from Other amounted to $21.67 million, surpassing the estimated $19.98 million, but showed a year-over-year decline of -16.2% [4]

Group 1: Earnings Performance - RingCentral reported quarterly earnings of $1.06 per share, exceeding the Zacks Consensus Estimate of $1.02 per share, and up from $0.91 per share a year ago, representing an earnings surprise of +3.92% [1] - The company posted revenues of $620.4 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.43%, and an increase from $592.91 million year-over-year [2] - Over the last four quarters, RingCentral has consistently surpassed consensus EPS estimates and revenue estimates [2] Group 2: Stock Performance and Outlook - RingCentral shares have declined approximately 32.1% since the beginning of the year, contrasting with the S&P 500's gain of 7.6% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the earnings outlook [4][6] - The current consensus EPS estimate for the upcoming quarter is $1.08 on revenues of $637.78 million, and for the current fiscal year, it is $4.21 on revenues of $2.52 billion [7] Group 3: Industry Context - The Internet - Software and Services industry, to which RingCentral belongs, is currently ranked in the top 24% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact RingCentral's stock performance [5]