RingCentral Inc. published the transcript of its fourth quarter and full year 2025 earnings conference call. The call was attended by Steven Horwitz, VP of Investor Relations, Vlad Shmunis, Founder, Chairman and CEO, Kira Makagon, President and COO, and Vaibhav Agarwal, CFO. Management highlighted a strong Q4 and full-year 2025 performance, including total revenue of $2.52 billion and subscription revenue of $2.43 billion, record free cash flow of $530 million, and the company’s first full year of positive GAAP operating margin at 4.8%. The company also announced its first-ever quarterly dividend of $0.075 per share and discussed continued share repurchases and deleveraging plans. Leadership emphasized RingCentral’s shift toward “Agentic Voice AI,” citing rapid adoption of its AI portfolio (AIR, AVA, and ACE). The CEO said the company is “transform[ing] itself into an Agentic Voice AI Company,” adding that “RingCentral’s platform is a natural bedrock for emerging Agentic Voice AI.” Management noted that ARR from customers using at least one monetized AI product has more than doubled year over year and is “now approaching 10% of our overall ARR,” with these customers showing higher ARPU and net retention above 100%. The COO pointed to early traction in specific AI products, noting that AIR customer count reached 8,300 in Q4 and ACE customers exceeded 4,800, and said, “Agentic Voice AI is our strategic priority that’s delivering clear ROI.” Looking ahead, the CFO guided to 2026 total revenue growth of 4% to 5%, GAAP operating margin of 8.6% to 9.6%, and free cash flow of $580 million to $600 million, while reiterating plans to reduce stock-based compensation and gross debt. He said, “I’m now incredibly excited to announce our first ever quarterly dividend of $0.075 per share,” calling it reflective of confidence in future cash flows. The full transcript can be accessed through the link below.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. RingCentral Inc. published the original content used to generate this news brief on March 03, 2026, and is solely responsible for the information contained therein.
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