RingCentral, Inc. (RNG): one to watch?

Business is actually improving (profitable, growing, cheap on forward earnings) but a shaky balance sheet and AI-disruption fears keep this a watch, not a slam-dunk buy.

👀 WATCH Fundamentals57/100

Down 91% from its all-time high of $443.29 — now $38.62

$57.2$20.6 20222023202420252026

Why RNG dropped

RNG crashed 91% from its 2021 pandemic-bubble peak due to decelerating growth and years of GAAP losses; the recent 8% dip from its 30-day high is tied to sector-wide worries (rate jitters, fears that "agentic AI" will disrupt SaaS subscription pricing) rather than company-specific bad news — in fact Q2 2026 revenue rose 5.9% year-over-year with operating profit and net income climbing sharply, and diluted EPS improved to $0.45, and the July 23, 2026 results surpassed guidance across all major metrics with robust GAAP and non-GAAP operating margins.

Fwd P/E 7.1Op margin 7.7%Rev growth 5.9%Debt/equity —Analyst upside 15.8%
How this scored 57/100
✅ Passes all 4 hard checks — profitable, cash-generative, and financially survivable.
✅ Makes money Net profit margin 4.3%
✅ Generates cash Free cash flow $689M
✅ Not drowning in debt Debt/equity unknown (limit 200%)
✅ Can pay its bills Current ratio 1.1 (needs 1+)

Bar length shows how much each metric is worth — a 10-point metric is twice as wide as a 5-point one. Hover any row for what it means.

Profitability Does it actually make money? 7/25
Operating margin 7.7% 3/9
Net profit margin 4.3% 2/8
Return on equity unknown 2/8
Growth Is it getting bigger, or dying? 19/25
Revenue growth 5.9% 3/9
Earnings growth 221.4% 8/8
Expected profit change 460.6% 8/8
Value Is it cheap right now? 20/25
Forward P/E 7.1 10/10
PEG ratio 0.2 8/8
Analyst target upside 15.8% 2/7
Balance sheet Will it survive? 11/25
Debt / equity unknown 3/10
Current ratio 1.1 1/8
Free cash flow $689M 7/7

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Analysis generated by SmartStonks's AI from public fundamentals and news, first flagged 2026-07-24. Research only — not financial advice.