RingCentral Announces First Quarter 2026 Financial Results

// // Total Revenue of $644 million, at higher end of guidance Record GAAP operating margin of 7.8% and non-GAAP operating margin of 22.9% ARR from customers utilizing paid AI products is over 10% of total ARR, doubling year over year Raising full year outlook on revenue, margins and free cash flow BELMONT, Calif.--(BUSINESS WIRE)-- RingCentral, Inc. (NYSE: RNG), a global leader in AI-powered customer engagement, today announced financial results for the first quarter ended March 31, 2026. First Quarter Financial Highlights Subscriptions revenue increased approximately 6% year-over-year to $623 million. Total revenue increased approximately 5% year-over-year to $644 million. GAAP operating margin of 7.8%, compared to 1.7% in the prior year. Non-GAAP operating margin of 22.9%, up 110 basis points year-over-year. GAAP EPS of $0.35 compared to $(0.11) last year. Net cash provided by operating activities of $164 million, up 9.6% year-over-year. Free cash flow of $141 million, up 8.0% year over year. Reduced stock-based compensation expense as a percentage of revenue by 420 basis points year-over-year. Repurchased approximately 2.6 million shares for a total of $81 million. Repaid $609 million aggregate principal amount of Convertible Senior Notes due 2026 upon maturity in March. Currently, the Company has no debt maturities due until 2030. “We delivered another solid quarter, with revenue at the high end of our guidance, record operating margins, and strong free cash flow,” said Vlad Shmunis, founder and CEO of RingCentral. “We are delivering an AI-first customer engagement platform at-scale, enabling AI and human agents to work together across every modality and device. Our native AI products continue to gain traction, with ARR from customers using at least one paid AI product standing at over 10% of total ARR, and doubling year-over-year. These results, combined with our strong R&D muscle, commitment to innovation, and scaled GTM give us confidence to rai