RingCentral Q4 revenue rises 9% to $571 million; GAAP loss narrows
RingCentral reported fourth-quarter 2023 total revenue of $571 million, up 9% year over year, and a GAAP net loss of $0.50 per share, compared with $2.97 a year earlier. Non-GAAP diluted EPS rose to $0.86 from $0.60, and the company gave full-year 2024 total revenue guidance of $2.370 billion to $2.395 billion with non-GAAP EPS of $3.50 to $3.58. Net cash from operating activities in the quarter was $114 million, which the company called a record for a fourth quarter.
Key points
- Q4 2023 total revenue was $571 million, up from $525 million, a 9% increase.
- GAAP operating loss narrowed to ($45) million from ($256) million; non-GAAP operating margin was 20.5%.
- Q4 2023 net cash provided by operating activities was a record $114 million; cash and cash equivalents ended the quarter at $222 million.
- FY2024 guidance: total revenue of $2.370 to $2.395 billion and non-GAAP EPS of $3.50 to $3.58.
The filing
Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 20, 2024.
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