RingCentral sees FY25 adjusted EPS $4.13-$4.27, consensus $4.22

Full Year 2025 Guidance: Subscriptions revenue growth range of 5% to 7% year-over-year on a reported basis, or 6% to 8% on a constant currency basis. Total revenue growth range of 4% to 6% year-over-year on a reported basis, or 5% to 7% on a constant currency basis. GAAP operating margin range of 4.5% to 5.2%. Non-GAAP operating margin of approximately 22.5%, up approximately 150 basis points year over year. Non-GAAP EPS range of $4.13 to $4.27 based on 93.5 to 94.5 million fully diluted shares. Share-based compensation range of $300 to $310 million Free cash flow of approximately $500 to $510 million, growth of approximately 25% at the midpoint.