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RBRK · Rubrik

2 filings

10-K

RBRK 10-K Annual Reports

Rubrik - 2 annual reports

Filing record · 2024–202610-K210-Q88-K15

2026
Rubrik Annual Report, Year Ended Jan 31, 2026
Rubrik, Inc. (NYSE: RBRK) reported revenue of $1.32 billion for the fiscal year ended January 31, 2026, up from $886.5 million in fiscal 2025, with subscription revenue of $1.26 billion. Subscription ARR grew 34% to $1.46 billion and Cloud ARR grew 48% to $1.29 billion, while the number of customers with $100,000 or more in Subscription ARR rose to 2,805 from 2,246. The company remains unprofitable, with a net loss of $348.8 million (down from $1.15 billion in fiscal 2025, which included large stock-based compensation tied to its IPO), and an accumulated deficit of $3.19 billion. Operating cash flow was $282.9 million and free cash flow was $237.8 million. The balance sheet was strengthened by a $1.15 billion 0.00% convertible senior notes offering due June 2030, which was used in part to repay the $327.9 million Amended Credit Facility and fund $88.6 million of capped calls. Cash, cash equivalents and short-term investments totaled $1.68 billion as of January 31, 2026, and management states this is sufficient for at least the next 12 months. The company launched Rubrik Agent Cloud in February 2026 and acquired Predibase in July 2025 for a purchase consideration of $109.1 million. Investors should note the dual-class structure: Class B shares carry 20 votes each, and holders of Class B stock, including executive officers, directors and affiliates, hold approximately 85% of total voting power. The filing also discloses concentration in channel partners, with three largest partners generating approximately 68% of fiscal 2026 revenue, and an ongoing DOJ investigation related to a former sales employee and government contracts, which the company says it is cooperating with.
Mar 19, 2026
2025
Rubrik Annual Report, Year Ended Jan 31, 2025
Rubrik, Inc. (NYSE: RBRK) reported fiscal 2025 (year ended January 31, 2025) total revenue of $886.5 million, up from $627.9 million in fiscal 2024 and $599.8 million in fiscal 2023, with subscription revenue rising to $828.7 million. Net loss widened to $1,154.8 million from $354.2 million, driven largely by $913.9 million of stock-based compensation, much of it recognized after the company's April 2024 IPO. Subscription ARR reached $1,092.6 million (versus $784.0 million a year earlier), Cloud ARR reached $875.6 million, and customers with $100,000 or more in Subscription ARR grew to 2,246 from 1,742. Management states that Rubrik Security Cloud (RSC) now represents a majority of total revenue, and that the company is migrating existing customers from legacy Cloud Data Management to RSC, a transition expected to keep affecting revenue recognition and growth rates through fiscal 2027. Cash, cash equivalents and short-term investments totaled $705.1 million at January 31, 2025, against $322.3 million of debt under the Amended Credit Facility maturing in August 2028. Free cash flow was $21.6 million in fiscal 2025, compared with $(24.5) million in fiscal 2024, and net cash provided by operating activities was $48.2 million. The company states that its existing cash will be sufficient to fund operations for at least the next 12 months. Accumulated deficit increased to $2,837.3 million. The filing highlights concentrated risks: two channel partners accounted for 34% and 29% of fiscal 2025 revenue, a dual-class structure gives Class B holders about 95% of voting power, the company relies on Supermicro for Rubrik-branded appliance servers, and it discloses a Department of Justice investigation related to government contracts and two security incidents (March 2023 and February 2025).
Mar 20, 2025