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Rubrik 8-K Report, Financial Results (Mar 13, 2025)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed March 13, 2025
Period End
March 13, 2025
Security
RBRK
In the record · 2024–202610-K210-Q88-K15

RBRK filed 2 annual reports (10-K), 8 quarterly reports (10-Q) and 15 current reports (8-K) between 2024 and 2026.

  1. Material agreement8-K · Jun ’25Jun ’25
  2. Leadership change8-K · Aug ’26Aug ’26

01—Abstract

Summary

Summary of the 8-K filed March 13, 2025. Cited figures are marked; the original filing is the authoritative source.

Rubrik, Inc. (NYSE: RBRK) filed this Current Report on Form 8-K on March 13, 2025 to furnish its press release announcing financial results for the fourth quarter and fiscal year ended January 31, 2025.

In the fourth quarter, Subscription ARR grew 39% year-over-year to $1,092.6 milliona, and total revenue grew 47% to $258.1 million. GAAP net loss per share was $(0.61), compared to $(1.59) a year earlier, while non-GAAP net loss per share was $(0.18), compared to $(1.52). Cash flow from operations was $83.6 million and free cash flow was $75.2 million, versus $12.8 million and $8.7 million in the prior-year quarter.

Subscription ARR Contribution Margin improved to 2% from (12)%. For fiscal 2025, total revenue was $886.5 millionb, a 41% increase from $627.9 million, and subscription revenue was $828.7 million. GAAP net loss was $(1,154.8) million, or $(7.48) per share, which includes $913.9 million of stock-based compensation tied to vesting of equity awards following the initial public offering.

Fiscal 2025 cash flow from operations was $48.2 millionc and free cash flow was $21.6 million, the company's first year of positive free cash flow according to its CFO. Cash, cash equivalents and short-term investments totaled $705.1 million as of January 31, 2025.

For fiscal 2026, Rubrik guided to Subscription ARR of $1,350 million to $1,360 milliond, revenue of $1,145 million to $1,161 million, non-GAAP EPS of $(1.23) to $(1.13), and free cash flow of $45 million to $65 million. The company also guided first-quarter fiscal 2026 revenue of $259 million to $261 million and non-GAAP EPS of $(0.33) to $(0.31).

02—Key points

Key Highlights

  1. Fourth-quarter total revenue rose 47% year-over-year to $258.1 million; subscription revenue rose 54% to $243.7 million.
  2. Subscription ARR reached $1,092.6 million as of January 31, 2025, up 39% year-over-year.
  3. Fiscal 2025 total revenue was $886.5 million, up 41% from $627.9 million, with GAAP gross margin of 70.0% versus 76.9% in fiscal 2024.
  4. Fiscal 2025 GAAP net loss per share was $(7.48), including $913.9 million of stock-based compensation largely tied to post-IPO vesting; non-GAAP net loss per share was $(1.57).
  5. Fiscal 2025 free cash flow was $21.6 million, compared to $(24.5) million in fiscal 2024, and cash from operations was $48.2 million.
  6. Customers with $100K or more in Subscription ARR numbered 2,246, up 29% year-over-year.
  7. Full fiscal 2026 guidance calls for Subscription ARR of $1,350–$1,360 million, revenue of $1,145–$1,161 million, and free cash flow of $45–$65 million.

03—Questions

Frequently Asked Questions

  1. How did Rubrik perform in the fourth quarter of fiscal 2025?

    Total revenue was $258.1 million, up 47% from $175.0 million a year earlier. Subscription ARR grew 39% to $1,092.6 million. GAAP net loss per share narrowed to $(0.61) from $(1.59), and free cash flow was $75.2 million versus $8.7 million in the prior-year quarter.

  2. Why is GAAP net loss so large relative to non-GAAP results?

    The filing attributes the difference primarily to stock-based compensation expense, which was $913.9 million for fiscal 2025 versus $5.7 million a year earlier. The company states this resulted from the vesting of certain equity awards after and as a result of its initial public offering. Fiscal 2025 GAAP net loss per share was $(7.48) versus non-GAAP $(1.57).

  3. What guidance did Rubrik provide for fiscal 2026?

    Rubrik guided to Subscription ARR of $1,350 million to $1,360 million, revenue of $1,145 million to $1,161 million, non-GAAP subscription ARR contribution margin of approximately 4.5% to 5.5%, non-GAAP EPS of $(1.23) to $(1.13), weighted-average shares of about 198 million, and free cash flow of $45 million to $65 million.

  4. What was Rubrik's liquidity position at fiscal year-end?

    Cash, cash equivalents, and short-term investments were $705.1 million as of January 31, 2025. Cash cash flow from operations for fiscal 2025 was $48.2 million, and the company reported net cash provided by financing activities of $398.0 million, including $815.2 million of IPO proceeds net of underwriting discounts and commissions.

  5. What product and customer developments did Rubrik highlight?

    Rubrik announced Rubrik Annapurna for GenAI application development, FedRAMP Moderate Impact Level authorization for Rubrik Security Cloud – Government, and the combination of DSPM and Cyber Recovery capabilities within Rubrik Security Cloud. It also debuted Turbo Threat Hunting, which can scan up to 75,000 backups in less than 60 seconds. As of January 31, 2025, the company had 2,246 customers with $100,000 or more in Subscription ARR, up 29% year-over-year.

04—Continue

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