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RBRK · Rubrik

8 filings

10-Q

RBRK 10-Q Quarterly Reports

Rubrik - 8 quarterly reports

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

2027-Q2
Rubrik Quarterly Report for Q2 Ended Jul 31, 2026
Rubrik, Inc. (RBRK) reported total revenue of $427.3 million for the three months ended July 31, 2026, up 38% from $309.9 million a year earlier, and $814.3 million for the six months, up 38% from $588.3 million. Subscription revenue rose 37% in the quarter to $407.2 million. Subscription ARR reached $1.66 billion as of July 31, 2026, up 33% from $1.25 billion, and Cloud ARR reached $1.48 billion, up 39%. The company narrowed its net loss to $61.8 million for the quarter from $95.9 million, and to $103.6 million for the six months from $198.0 million. Free cash flow was $139.3 million for the six months ended July 31, 2026, compared with $90.9 million a year earlier, and net cash provided by operating activities was $158.5 million. Gross margin was 78% in the quarter versus 79% a year earlier, with subscription gross margin rising to 82% from 81% and other gross margin falling to 10% from 42%. Subscription ARR Contribution Margin was 14.0% for the twelve months ended July 31, 2026, up from 9.4%. Operating loss narrowed to $71.9 million from $94.5 million in the quarter. The balance sheet shows cash, cash equivalents and short-term investments of $1.75 billion against $1.15 billion of 0.00% convertible senior notes due June 2030, and a stockholders' deficit of $499.4 million. The company stated that its existing cash and investments are sufficient to fund operations for at least the next 12 months. Its filing also discloses a continuing federal grand jury subpoena investigation and an ongoing internal investigation related to government contracts.
Sep 1, 2026
2027-Q1
Rubrik Quarterly Report for Q1 Ended Apr 30, 2026
Rubrik, Inc. reported revenue of $387.1 million for the three months ended April 30, 2026, up 39% from $278.5 million a year earlier. Subscription revenue rose 41% to $374.2 million, and total gross margin improved to 81% from 78%. Net loss narrowed to $41.9 million from $102.1 million, and loss from operations narrowed to $52.6 million from $93.1 million. Subscription ARR grew 32% to $1.57 billion, and Cloud ARR grew 43% to $1.39 billion. The company stated an average subscription dollar-based net retention rate of approximately 120%, and customers with $100,000 or more in Subscription ARR increased 24% to 2,946. Cash flow and liquidity improved. Net cash provided by operating activities was $81.7 million, compared with $39.7 million, and free cash flow was $73.6 million, compared with $33.3 million. The company held $1.75 billion in cash, cash equivalents and short-term investments as of April 30, 2026. Its $1.15 billion of 0.00% convertible senior notes due 2030 remain outstanding, and the accumulated deficit stood at $3.23 billion, leaving a total stockholders' deficit of $481.3 million. Total remaining performance obligations were approximately $2.44 billion, with about 53% expected to be recognized over the next 12 months. The filing also states that Class B holders, including executive officers and directors, hold approximately 85% of the voting power.
Jun 5, 2026
2026-Q3
Rubrik Quarterly Report for Q3 Ended Oct 31, 2025
Rubrik, Inc. (RBRK) reported a quarter ended October 31, 2025 with total revenue of $350.2 million for the three months, up from $236.2 million a year earlier (a 48% increase per the filing), and $938.5 million for the nine months versus $628.4 million (49%). Gross margin for the quarter was 81% versus 76%, and the company posted a net loss of $63.8 million compared with $130.9 million in the prior-year quarter. Nine-month net loss narrowed to $261.9 million from $1.04 billion, largely because stock-based compensation fell to $244.5 million from $827.9 million, reflecting the cumulative RSU expense recognized at the April 2024 IPO in the prior-year period. Key growth metrics improved: Subscription ARR reached $1.35 billion, up 34%, and Cloud ARR reached $1.17 billion, up 53%. The average subscription dollar-based net retention rate was over 120%, and customers with $100,000 or more in Subscription ARR rose to 2,638 from 2,085. Operating cash flow for the nine months was $189.9 million versus an outflow of $35.4 million, and free cash flow was $167.8 million versus $(53.6) million. The company also reported remaining non-cancellable performance obligations of approximately $2.13 billion, with about 53% expected to be recognized over the next 12 months. Balance sheet changes were significant. In June 2025 Rubrik issued $1.15 billion of 0.00% convertible senior notes due June 2030, net proceeds were about $1.13 billion, and it repaid the $327.9 million Amended Credit Facility. Cash, cash equivalents and short-term investments totaled $1.60 billion, and stockholders' deficit was $(524.4) million. The filing states that its existing cash is sufficient for at least the next 12 months, and it notes that the company will cease to be an emerging growth company effective January 31, 2026.
Dec 8, 2025
2026-Q2
Rubrik Quarterly Report for Q2 Ended Jul 31, 2025
Rubrik, Inc. reported total revenue of $309.9 million for the three months ended July 31, 2025, up from $205.0 million a year earlier, a 51% increase as stated in the filing. Subscription revenue was $297.0 million, and gross margin rose to 79% from 73%. Net loss narrowed to $95.9 million from $176.9 million for the quarter. For the six months, revenue was $588.3 million (50% growth) and net loss was $198.0 million, compared with $909.0 million a year earlier, a period that included stock-based compensation tied to the IPO. Operating cash flow was $104.4 million and free cash flow was $90.9 million for the six months. Key operating metrics were Subscription ARR of $1,252.4 million (36% growth), Cloud ARR of $1,064.1 million (57% growth), and 2,505 customers with $100,000 or more in Subscription ARR (27% growth). Remaining non-cancellable performance obligations were approximately $2,022.6 million, with about 52% expected to be recognized over the next 12 months. The filing states that revenue will continue to fluctuate through fiscal 2027 as customers transition to Rubrik Security Cloud and as Subscription Credits are exercised or forfeited, and that these material-rights benefits are expected to significantly decline after fiscal 2026. In June 2025, the company issued $1.15 billion of 0.00% convertible senior notes due 2030, net proceeds of about $1.13 billion, and used part of the proceeds to repay the $327.9 million outstanding under its Amended Credit Facility and to buy capped calls for $88.6 million. Cash, cash equivalents and short-term investments were $1,523.0 million at July 31, 2025, and the company stated it was in compliance with its debt covenants. Stockholders' deficit was $564.3 million and the accumulated deficit was $3,035.4 million. The company also acquired Predibase in July 2025 for $109.1 million in purchase consideration, and it stated it will cease to qualify as an emerging growth company effective January 31, 2026.
Sep 10, 2025
2026-Q1
Rubrik Quarterly Report for Q1 Ended Apr 30, 2025
Rubrik, Inc. (RBRK) reported its Form 10-Q for the quarter ended April 30, 2025, showing total revenue of $278.5 million, up from $187.3 million in the prior-year quarter. Subscription revenue was $265.7 million versus $172.2 million, and the filing attributes part of that growth to customers exercising or forfeiting Subscription Credits. Subscription ARR reached $1,181.3 million, up 38% from $856.1 million, and Cloud ARR reached $971.5 million, up 60%. Customers with $100,000 or more in Subscription ARR rose to 2,381 from 1,859. The company remained unprofitable, with a net loss of $102.1 million compared with $732.1 million a year earlier, when results included large stock-based compensation charges tied to its IPO. Gross margin improved to 78% from 49%, and operating loss narrowed to $93.1 million from $724.8 million. Operating cash flow was $39.7 million, and free cash flow was $33.3 million, compared with negative $37.1 million a year earlier. Cash, cash equivalents and short-term investments totaled $762.1 million, against an accumulated deficit of $2,939.4 million. The filing also flags continued risks, including a transition of existing customers to Rubrik Security Cloud that makes revenue recognition lumpy, a dual-class structure in which Class B holders control about 74% of voting power, ongoing U.S. Department of Justice investigations involving a former sales employee, and reliance on a few channel partners that together generated about 73% of fiscal 2025 revenue.
Jun 9, 2025
2025-Q3
Rubrik Quarterly Report for Q3 Ended Oct 31, 2024
Rubrik, Inc. (RBRK) filed this Quarterly Report on Form 10-Q for the quarter ended October 31, 2024. Revenue for the three months ended October 31, 2024 was $236.2 million, up from $165.6 million, and for the nine months was $628.4 million versus $452.9 million. Subscription ARR reached $1,002.3 million, up 38% from $724.8 million, and Cloud ARR reached $768.8 million, up 69%. Net loss widened to $130.9 million for the quarter and $1,039.9 million for the nine months, driven largely by stock-based compensation of $827.9 million for the nine months, which the filing ties to equity awards vesting after the April 2024 IPO. Net cash used in operating activities was $35.4 million for the nine months, and free cash flow was $(53.6) million. The company ended the quarter with cash, cash equivalents and short-term investments of $632.0 million and an accumulated deficit of $2,722.4 million. Its IPO in April 2024 generated net proceeds of approximately $710.3 million, with a further $104.9 million from the underwriters' over-allotment option. The company paid $432.5 million in taxes related to net share settlement of equity awards. Debt, noncurrent, was $317.0 million under the Amended Credit Facility. Management states that existing cash is sufficient for at least the next 12 months. The filing also highlights ongoing revenue-mix transition effects, as customers move from legacy Cloud Data Management licenses to Rubrik Security Cloud subscriptions, which the company expects to affect revenue and gross margin through fiscal 2027. The company disclosed a grand jury subpoena from the U.S. Department of Justice relating to government contracts, under which it is cooperating and conducting an internal investigation, and states that it cannot yet estimate possible consequences.
Dec 12, 2024
2025-Q2
Rubrik Quarterly Report for Q2 Ended Jul 31, 2024
Rubrik, Inc. reported revenue of $204.95 million for the three months ended July 31, 2024, up from $151.54 million a year earlier, a 35% increase as stated in the filing. Subscription revenue rose 50% to $191.32 million, while maintenance and other revenue declined. Growth metrics were strong: Subscription ARR reached $919.1 million, up 40%, and Cloud ARR reached $677.9 million, up 80%. Customers with $100,000 or more in Subscription ARR increased to 1,969 from 1,463, and the average subscription dollar-based net retention rate was over 120%. Profitability remained negative. The net loss was $176.9 million for the quarter and $909.0 million for the six months ended July 31, 2024. The six-month results include $735.3 million of stock-based compensation, recognized largely after the company's April 2024 initial public offering at $32.00 per share. Gross margin fell to 73% for the quarter from 77% a year earlier. Net cash used in operating activities was $58.5 million for the six months, and free cash flow was $(69.1) million, which the company attributes partly to $22.8 million of employer payroll taxes tied to IPO-related equity vesting. Cash, cash equivalents and short-term investments totaled $601.3 million, and the accumulated deficit was $2,591.5 million. The filing also highlights risks for investors. Dual-class voting gives Class B holders about 97% of voting power, and the company discloses an ongoing Department of Justice investigation tied to government contracts, for which it cannot estimate potential consequences. The company says the transition of existing customers to its Rubrik Security Cloud platform will cause revenue fluctuations through fiscal 2027, and it has a $330.0 million amended credit facility maturing in August 2028.
Sep 12, 2024
2025-Q1
Rubrik Quarterly Report for Q1 Ended Apr 30, 2024
Rubrik, Inc. (RBRK) filed this Quarterly Report on Form 10-Q for the three months ended April 30, 2024, its first quarterly report after completing its initial public offering in April 2024. Revenue was $187.3 million, up from $135.7 million a year earlier, with subscription revenue rising to $172.2 million from $108.4 million. The company reported a net loss of $732.1 million, compared with $89.3 million in the prior-year quarter, driven largely by $630.3 million of stock-based compensation, much of it recognized upon the IPO's completion for restricted stock units with liquidity-event vesting conditions. Key operating metrics improved: Subscription ARR reached $856.1 million (up 46%), Cloud ARR reached $605.6 million (up 104%), and customers with $100,000 or more in Subscription ARR rose to 1,859 from 1,314. The company's average subscription dollar-based net retention rate was over 120% as of April 30, 2024. Free cash flow was $(37.1) million, which included a $20.6 million cash outlay for employer payroll taxes tied to IPO-related equity vesting. Gross margin fell to 49% from 74%, reflected in the filing's discussion as driven by IPO-related stock-based compensation and higher hosting costs. At quarter end, cash, cash equivalents and short-term investments totaled $606.3 million, against $297.1 million of noncurrent debt and an accumulated deficit of $2,414.6 million. The IPO raised net proceeds of approximately $710.3 million, of which $350.4 million was used for taxes paid on the net share settlement of equity awards. The company also issued $321.4 million of Bridge Notes in April 2024 to fund a portion of those tax obligations, repaid them on April 29, 2024, and recorded the full unamortized discount in interest expense.
Jun 13, 2024