Ringcentral Q4 Earnings Call Highlights

For full-year 2025, subscription gross margin was 80.5% and non-GAAP operating margin improved 150 basis points to 22.5% (or $566 million of operating profit). RingCentral posted GAAP operating margin of 4.8% and GAAP EPS of $0.48, while non-GAAP EPS grew 18% to $4.36.Profitability improved as well. Agarwal reported Q4 subscription gross margin remained above 80%. Non-GAAP operating margin was 22.8% in Q4 (up more than 140 basis points year-over-year), while GAAP operating margin was 6.6% (up about 4 points ...