Forensic Analysis · Software & SaaS · as of Nov 8, 2026

RingCentral, Inc. (RNG)

A forensic read on RingCentral, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

B · Sound & dependable

Forensic grade

Clean

Earnings quality

Forensic signals

4.8%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

RingCentral, Inc. earns a B (Sound & dependable) forensic quality grade. 1 forensic signal was flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

10.8%

FY2025

Return on invested capital. Return on invested capital is 10.8% in the latest fiscal year and rising across FY2023–FY2025 from -14.1%. After-tax operating profit was ($157M) in FY2023 and $93M in FY2025, with operating income at -9.0% of revenue in FY2023, 0.1% in FY2024 and 4.8% in FY2025. The capital base behind it came down -22% across FY2023–FY2025, from $1.1B to $862M, so this return is struck on a smaller base than it started on. FY2025's operating profit carried a $18M restructuring charge and a $11M asset write-down that alone took about 2.6 points off that year's return, so the latest return is depressed by that charge. FY2024's operating profit carried a $13M restructuring charge that alone took about 1.0 points off that year's return; FY2024 sits between the two ends of FY2023–FY2025, so the charge shapes the path between them without moving the change across it. A non-cash write-down lowers the reported return in the year it lands.

Key fundamentals

Latest Revenue$2.52B

Revenue Growth YoY+4.8%

Revenue CAGR (2yr)+6.9%

Net Margin1.7%

Free Cash Flow$524.5M

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Data from SEC EDGAR public filings · metrics as of Nov 8, 2026. Forensic signals flag probability, not certainty.

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