RNG — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-07-23

• Our cloud-based offerings, including RingEX, Customer Engagement Bundle, RingCX, and RingCentral Contact Center, are primarily subscription based and made available at different rates varying by the specific functionalities, services, and number of users. Our AI-led products including AI Receptionis…

• Due to recent profitability, a reversal of our valuation allowance in certain jurisdictions in the foreseeable future is reasonably possible which would result in income tax benefit for the period in which we reduce the valuation allowance.

• (in thousands, except percentages)20262025$ Change% Change20262025$ Change% Change

• Subscriptions revenues. Subscriptions revenues increased by $34.9 million, or 6%, for the three months ended June 30, 2026, and $68.0 million, or 6%, for the six months ended June 30, 2026, as compared to the respective prior year period. Subscriptions revenues increased primarily due to acquisition…

• Other revenues. Other revenues increased by $1.7 million, or 8%, for the three months ended June 30, 2026, and $0.8 million, or 2%, for the six months ended June 30, 2026, as compared to the respective prior year period. The increase in other revenues was primarily driven by higher professional serv…

Text removed vs the prior filing · source: 10-Q · 2026-05-11

• Our cloud-based offerings, including RingEX, RingCentral Contact Center and RingCX are primarily subscription based and made available at different rates varying by the specific functionalities, services, and number of users. Our AI-led products are also being offered on a usage-based pricing model.…

• Subscriptions revenues. Subscriptions revenues increased by $33.1 million, or 6%, for the three months ended March 31, 2026, as compared to the respective prior year period. Subscriptions revenues increased primarily due to acquisition of new customers and upsell of our products, including new AI-le…

• Other revenues. Other revenues decreased by $0.9 million, or (4)%, for the three months ended March 31, 2026, as compared to the respective prior year period. The decrease in other revenues is primarily driven by lower professional services due to the timing of performance and lower pricing for prof…

• Subscriptions cost of revenues and gross margin. Cost of subscriptions revenues increased by $1.3 million, or 1%, for the three months ended March 31, 2026, as compared to the respective prior year period. The increase was primarily driven by a $5.1 million increase in infrastructure support costs, …

• Our subscription gross margin remained relatively consistent for the three months ended March 31, 2026, as compared to the respective prior year period.

Text added vs the prior filing · source: 10-Q · 2026-07-23

• As of June 30, 2026, we had cash and cash equivalents of $111.5 million. We invest our cash and cash equivalents in short-term money market funds. The carrying amount of our cash equivalents reasonably approximates fair values. Due to the

• short-term nature of our money-market funds, we believe that exposure to changes in interest rates will not have a material impact on the fair value of our cash equivalents. Interest income may further fluctuate in the future due to interest rate volatility in the current macroeconomic environment. …

• As of June 30, 2026, we had no amounts outstanding under our Revolving Credit Facility and $879.1 million principal outstanding under our Term Loan under our Credit Agreement. Borrowings under our Credit Agreement bear interest under a floating rate mechanism, which exposes us to interest-rate risk.…

• As of June 30, 2026, we had $250.0 million outstanding under our 2030 Senior Notes. The 2030 Senior Notes have fixed annual interest rates, and therefore we do not have economic interest rate exposure on these debt obligations. However, the fair values of our 2030 Senior Notes are exposed to interes…

Text removed vs the prior filing · source: 10-Q · 2026-05-11

• As of March 31, 2026, we had cash and cash equivalents of $116.6 million. We invest our cash and cash equivalents in short-term money market funds. The carrying amount of our cash equivalents reasonably approximates fair values. Due to the short-term nature of our money-market funds, we believe that…

• As of March 31, 2026, we had no amounts outstanding under our Revolving Credit Facility and $890.7 million principal outstanding under our Term Loan under our Credit Agreement. Borrowings under our Credit Agreement bears interest under a floating rate mechanism, which exposes us to interest-rate ris…

• As of March 31, 2026, we had $325.0 million outstanding under our 2030 Senior Notes. The 2030 Senior Notes have fixed annual interest rates, and therefore we do not have economic interest rate exposure on these debt obligations. However, the fair values of our 2030 Senior Notes are exposed to intere…

Text added vs the prior filing · source: 10-Q · 2026-07-23

• •The AI technology and features we develop and/or incorporate into our solutions include new and evolving technologies that may present both legal and business risks.

• The AI technology and features we develop and/or incorporate into our solutions include new and evolving technologies that may present both legal and business risks.

• We have incorporated a number of AI-powered features into our solutions. We use internally developed and third-party developed machine learning and AI technologies and we are making further investments in expanding our AI capabilities. AI technologies are complex and rapidly evolving, and we face si…

• Further, the incorporation of AI-powered features into our solutions will subject us to new or enhanced governmental or regulatory scrutiny, data privacy and information security laws, litigation, including class-action suits, confidentiality or security risks, ethical concerns, or other complicatio…

• intellectual property misappropriation. In addition, the cost to comply with such laws or regulations could be significant and would increase our operating expenses, which could harm our business, reputation, financial condition and results of operations.

Text removed vs the prior filing · source: 10-Q · 2026-05-11

• •The AI technology and features we develop and/or incorporate into our solutions include new and evolving technologies that may present both legal and business risks.

• If we fail to maintain relationships with our channel partners, GSPs and strategic partners or fail to develop new and expanded relationships in existing or new markets, or if our networks of indirect channel relationships are not successful in their sales efforts, sales of our subscriptions may dec…

• The amount of data we store for our customers and users increases as our business grows. We host services, which includes hosting customer data, in co-located data centers and in multiple public cloud services. Our solutions allow users to store files, tasks, calendar events, messages and other data…

• Additionally, third parties have in the past successfully induced, and may attempt in the future to induce using social engineering or other methods, employees, consultants, or customers into disclosing sensitive information, such as usernames, provisioning data, customer proprietary network informa…

• The AI technology and features we develop and/or incorporate into our solutions include new and evolving technologies that may present both legal and business risks.

Text added vs the prior filing · source: 10-Q · 2026-07-23

• During our last fiscal quarter, the following officers adopted a “Rule 10b5-1 trading arrangement,” as defined in Regulation S-K Item 408, as follows: On June 12, 2026, Kira Makagon, our President and Chief Operating Officer, adopted a Rule 10b5-1 trading arrangement providing for the sale from time…

• The number of shares that may be sold under the trading arrangement may also be increased by the number of shares of the company’s Class A common stock, if any (not yet determinable) that are awarded to Ms. Makagon under the company’s employee equity bonus and executive equity compensation plans. Th…

• On May 22, 2026, Tarun Arora, our Chief Accounting Officer, adopted a Rule 10b5-1 trading arrangement providing for the sale from time to time of up to 83,269 shares of Class A common stock. The number of shares that may be sold under the trading arrangement may also be increased by the number of sh…

Text removed vs the prior filing · source: 10-Q · 2026-05-11

• During our last fiscal quarter, the following officer adopted a “Rule 10b5-1 trading arrangement,” as defined in Regulation S-K Item 408, as follows:

• On March 13, 2026, Vladimir Shmunis, our Chairman and Chief Executive Officer, adopted a Rule 10b5-1 trading arrangement providing for the sale from time to time of up to 253,369 shares of Class A common stock expected to be received upon vesting and settlement of outstanding RSUs and PSUs (the “Mar…