01—Abstract
Summary
Summary of the 8-K filed August 27, 2026. Cited figures are marked; the original filing is the authoritative source.
Rubrik, Inc. (NYSE: RBRK) reported financial results for the second quarter of fiscal year 2027, ended July 31, 2026, and raised guidance for all guided metrics for fiscal 2027.
Subscription ARR grew 33% year-over-year to $1.66 billiona, net new Subscription ARR rose 35%, and Cloud ARR grew 39% to $1.48 billion. Total revenue was $427.3 million, up 38% from $309.9 million, and GAAP net loss per share narrowed to $(0.30) from $(0.49). Subscription ARR Contribution Margin improved to 14.0% from 9.4%, and cash flow from operations was $76.8 million, with free cash flow of $65.7 million.
For fiscal 2027, Rubrik now expects Subscription ARR between $1,880 millionb and $1,885 million, revenue of $1,685 million to $1,693 million, non-GAAP net income per share of $0.47 to $0.53, and free cash flow of $323 million to $333 million. For the third quarter, it guides to revenue of $429 million to $431 million and non-GAAP net income per share of $0.07 to $0.09. Cash, cash equivalents, and short-term investments totaled $1.75 billion as of July 31, 2026.
The filing also discloses the appointment of Rakefet Russak-Aminoach to the Board of Directors, effective August 26, 2026, with the Board expanding from eight to nine directors. The company highlighted new product launches in agentic AI security, including Rubrik AI, Rubrik Agent Cloud, and Rubrik Agent Identity, along with the acquisition of Strata.io to advance Identity Resilience.
02—Key points
Key Highlights
- Subscription ARR grew 33% year-over-year to $1.66 billion; net new Subscription ARR was up 35% and Cloud ARR grew 39% to $1.48 billion.
- Total revenue of $427.3 million rose 38% year-over-year; revenue normalized for material rights increased 43%.
- GAAP net loss per share improved to $(0.30) from $(0.49); non-GAAP net income per share, diluted, was $0.20 versus $(0.03) a year earlier.
- Subscription ARR Contribution Margin rose to 14.0% from 9.4%; operating cash flow was $76.8 million and free cash flow was $65.7 million.
- Fiscal 2027 guidance was raised for all guided metrics, with revenue of $1,685 million to $1,693 million and free cash flow of $323 million to $333 million.
- Customers with Subscription ARR of $100,000 or more reached 3,084, up 23% year-over-year.
- Rakefet Russak-Aminoach was appointed to the Board as a Class I director, expanding the Board to nine members.
03—Questions
Frequently Asked Questions
How did Rubrik perform in the second quarter of fiscal 2027?
Total revenue was $427.3 million, up 38% year-over-year, and Subscription ARR reached $1.66 billion, up 33%. GAAP net loss per share was $(0.30), compared with $(0.49) a year earlier, and free cash flow was $65.7 million.
What is the updated full-year fiscal 2027 outlook?
Rubrik expects Subscription ARR of $1,880 million to $1,885 million, revenue of $1,685 million to $1,693 million, non-GAAP net income per share of $0.47 to $0.53, and free cash flow of $323 million to $333 million. The company stated it raised guidance for all guided metrics.
What is guided for the third quarter of fiscal 2027?
Rubrik guides to revenue of $429 million to $431 million, a non-GAAP Subscription ARR contribution margin of approximately 14%, and non-GAAP net income per share of $0.07 to $0.09 on about 230 million weighted-average shares.
What board change did Rubrik announce?
Effective August 26, 2026, the Board increased its size from eight to nine directors and appointed Rakefet Russak-Aminoach as a Class I director with a term expiring at the 2028 annual meeting. She will be compensated under the Non-Employee Director Compensation Policy.
What is Rubrik's cash position?
Cash, cash equivalents, and short-term investments totaled $1.75 billion as of July 31, 2026. Net cash provided by operating activities for the six months ended July 31, 2026 was $158.5 million.
04—Continue