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Rubrik 8-K Report, Financial Results (Jun 5, 2025)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed June 5, 2025
Period End
June 5, 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. Leadership change8-K · Aug ’26Aug ’26

01—Abstract

Summary

Summary of the 8-K filed June 5, 2025. Cited figures are marked; the original filing is the authoritative source.

Rubrik, Inc. (NYSE: RBRK) filed this Form 8-K under Item 2.02 (Results of Operations and Financial Condition) to furnish a June 5, 2025 press release announcing results for the first quarter of fiscal year 2026, ended April 30, 2025.

Subscription ARR grew 38% year-over-year to $1.18 billiona, and total revenue grew 49% year-over-year to $278.5 million, with subscription revenue of $265.7 million. GAAP net loss narrowed to $102.1 million, or $(0.53) per share, from $732.1 million, or $(11.48) per share, in the prior-year quarter. The prior-year period carried $630.3 million of stock-based compensation tied to vesting of equity awards upon the company's IPO, so the year-over-year comparison is heavily affected by that item.

Cash flow from operations was $39.7 millionb and free cash flow was $33.3 million, versus negative figures in the prior-year quarter. Cash, cash equivalents and short-term investments totaled $762.1 million at April 30, 2025. Management guided fiscal Q2 2026 revenue to $281 million to $283 million and full-year fiscal 2026 revenue to $1,179 million to $1,189 million.

Full-year Subscription ARR is expected between $1,380 millionc and $1,388 million, and full-year free cash flow between $65 million and $75 million. Full-year non-GAAP EPS guidance is $(1.02) to $(0.96). The filing states that management said results exceeded all guided metrics for the quarter.

The release also highlights partnerships and product activity, including an integration with Google Agentspace, a strategic alliance with Deloitte, an expanded partnership with NTT Data, and a managed cyber recovery service launched with Rackspace. The company also appointed Kavitha Mariappan as Chief Transformation Officer. The 8-K states that the information is furnished and not deemed filed under Section 18 of the Exchange Act.

02—Key points

Key Highlights

  1. Subscription ARR of $1.18 billion, up 38% year-over-year as of April 30, 2025
  2. Total revenue of $278.5 million, up 49% year-over-year from $187.3 million; subscription revenue of $265.7 million, up 54%
  3. GAAP gross margin of 78.3% versus 48.8% a year earlier; non-GAAP gross margin of 80.5% versus 75.4%
  4. GAAP net loss of $102.1 million, or $(0.53) per share, versus $(11.48) per share in the prior-year quarter; non-GAAP net loss per share of $(0.15)
  5. Cash flow from operations of $39.7 million and free cash flow of $33.3 million, compared with $(31.4) million and $(37.1) million in the prior-year quarter
  6. Full-year fiscal 2026 guidance: revenue of $1,179 million to $1,189 million, Subscription ARR of $1,380 million to $1,388 million, and free cash flow of $65 million to $75 million
  7. 2,381 customers with Subscription ARR of $100,000 or more, up 28% year-over-year

03—Questions

Frequently Asked Questions

  1. How did Rubrik perform in its first quarter of fiscal 2026?

    Total revenue was $278.5 million, up 49% year-over-year, and Subscription ARR reached $1.18 billion, up 38%. Management stated that results exceeded all guided metrics for the quarter.

  2. Why did the GAAP net loss change so much compared with the prior year?

    The prior-year quarter included $630.3 million of stock-based compensation expense, which the company attributes to vesting of certain equity awards upon completion of its initial public offering in the first quarter of fiscal 2025. In the current quarter, stock-based compensation expense was $73.5 million, and the GAAP net loss was $102.1 million.

  3. What is Rubrik's outlook for the second quarter and full year of fiscal 2026?

    For the second quarter, revenue is guided to $281 million to $283 million and non-GAAP EPS to $(0.35) to $(0.33). For the full year, revenue is guided to $1,179 million to $1,189 million, Subscription ARR to $1,380 million to $1,388 million, non-GAAP EPS to $(1.02) to $(0.96), and free cash flow to $65 million to $75 million.

  4. How much cash does Rubrik have and how is it generating cash?

    Cash, cash equivalents and short-term investments were $762.1 million as of April 30, 2025. Cash flow from operations was $39.7 million in the quarter, and free cash flow was $33.3 million.

  5. What business developments were announced alongside the results?

    The release cited a Google Agentspace integration for Rubrik Annapurna, a strategic alliance with Deloitte, an expanded global partnership with NTT Data, a Rackspace Cyber Recovery Cloud service powered by Rubrik, and the appointment of Kavitha Mariappan as Chief Transformation Officer.

04—Continue

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