RBRK · Rubrik

25 filings

RBRK SEC Filings

Rubrik - 25 total filings

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

Showing 1–25 of 25 filings

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 8-K

Rubrik 8-K Report, Financial Results (Aug 27, 2026)

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 billion, 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 million 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.

Aug 27, 2026 8-K

Rubrik 8-K Report, Shareholder Vote Results (Jun 5, 2026)

Rubrik, Inc. (RBRK) filed this Current Report on Form 8-K under Item 5.07 to disclose the results of its 2026 Annual Meeting of Stockholders, held on June 3, 2026. Stockholders elected three Class II directors, Asheem Chandna, Ravi Mhatre, and Arvind Nithrakashyap, each to serve until the 2029 annual meeting. Chandna received 963,427,829 votes for and 7,288,223 withheld; Mhatre received 931,385,414 for and 39,330,638 withheld; Nithrakashyap received 966,093,445 for and 4,622,607 withheld. Each nominee also had 44,493,277 broker non-votes. Stockholders also ratified the Audit Committee's appointment of KPMG LLP as the Company's independent registered public accounting firm for the fiscal year ending January 31, 2027, with 1,013,250,788 votes for, 1,449,686 against, and 508,855 abstaining. On the advisory frequency vote for say-on-pay, stockholders approved an annual vote, with 970,083,338 votes for one year, 130,905 for two years, 290,742 for three years, and 211,067 abstaining. Consistent with this result and the Company's recommendation, the board determined that future advisory votes on named executive officer compensation will be held every year.

Jun 5, 2026 10-Q

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 8-K

Rubrik 8-K Report, Financial Results (Jun 4, 2026)

Rubrik, Inc. (NYSE: RBRK) reported financial results for the first quarter of fiscal year 2027, ended April 30, 2026, in a press release furnished as Exhibit 99.1 under Item 2.02 of this Form 8-K. The company reported subscription ARR of $1.57 billion, up 32% year-over-year, and total revenue of $387.1 million, up 39% year-over-year from $278.5 million. GAAP net loss narrowed to $41.9 million, or $(0.21) per share, from $102.1 million, or $(0.53) per share, a year earlier. Cash flow from operations was $81.7 million and free cash flow was $73.6 million, with cash, cash equivalents and short-term investments of $1.75 billion as of April 30, 2026. Management said results exceeded all guided metrics. The company raised all of its guided metrics for fiscal 2027. Full-year guidance now calls for subscription ARR of $1,854 million to $1,862 million, revenue of $1,638 million to $1,648 million, non-GAAP subscription ARR contribution margin of approximately 14%, non-GAAP net income per share of $0.25 to $0.35, and free cash flow of $293 million to $303 million. For the second quarter of fiscal 2027, the company guided to revenue of $395 million to $397 million and non-GAAP net income per share of $0.03 to $0.05. The filing also states the company had 2,946 customers with subscription ARR of $100,000 or more as of April 30, 2026, up 24% year-over-year. The filing highlights product and partnership activity, including Rubrik Agent Cloud for Google Cloud's Gemini Enterprise Agent Platform, data protection for Google Workspace, a Microsoft Defender identity-recovery integration, and selection as an American Hospital Association Preferred Cybersecurity Provider. The filing also notes the company's convertible senior notes, net, of $1.13 billion and total stockholders' deficit of $(481.3) million as of April 30, 2026.

Jun 4, 2026 10-K

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 8-K

Rubrik 8-K Report, Financial Results (Mar 12, 2026)

Rubrik, Inc. (NYSE: RBRK) reported fourth-quarter and full fiscal year 2026 results (year ended January 31, 2026) in a press release furnished under Item 2.02 of this Form 8-K. Fourth-quarter subscription ARR grew 34% year-over-year to $1.46 billion, total revenue grew 46% to $377.7 million, and the company added a record $115 million in net new subscription ARR for the fiscal year. GAAP gross margin was 81.5% in the quarter, and GAAP net loss per share narrowed to $(0.43) from $(0.61). Cash flow from operations was $93.0 million in the quarter and $282.9 million for the year, with free cash flow of $237.8 million for fiscal 2026. For fiscal 2027, Rubrik guided to subscription ARR of $1,829 million to $1,839 million, revenue of $1,597 million to $1,607 million, and free cash flow of $265 million to $275 million. Non-GAAP net income per share is guided to $0.07 to $0.27 for the full year, and first-quarter revenue is guided to $365 million to $367 million. The company also reported that 2,805 customers carried $100,000 or more in subscription ARR, up 25% year-over-year, and that it promoted Jesse Green to Chief Revenue Officer. The balance sheet shows cash, cash equivalents, and short-term investments of $1.68 billion at January 31, 2026, with $1.13 billion of convertible senior notes outstanding on a net basis. Total stockholders' deficit was $(519.6) million, and GAAP net loss for fiscal 2026 was $(348.8) million, including $329.4 million of stock-based compensation.

Mar 12, 2026 8-K

Rubrik 8-K Report, Financial Results (Feb 4, 2026)

Rubrik, Inc. (NYSE: RBRK) filed a Current Report on Form 8-K on February 4, 2026 to announce management changes and preliminary expectations for its fourth fiscal quarter and fiscal 2026 results. The company stated that its preliminary fourth-quarter results exceed all guided metrics, according to its press release, which is furnished as Exhibit 99.1 under Item 2.02. The company noted these expectations are preliminary and subject to revision during financial closing procedures and finalization of consolidated financial statements for the fiscal year ended January 31, 2026. On the management side, Brian McCarthy, President, Global Sales and Field Operations, notified the company on February 2, 2026 of his intent to resign effective February 6, 2026, to pursue another opportunity. Jesse Green, previously President, Rubrik Americas, was promoted to Chief Revenue Officer to succeed him and will lead the global revenue organization. The press release describes Green as having nearly three years at Rubrik and prior go-to-market experience at MongoDB, AppDynamics, and BMC Software. The company plans to report fourth-quarter and fiscal year 2026 results on March 12, 2026. The filing's forward-looking statements list risks including the transition of sales and revenue leadership and retention of sales talent, and the press release references the Predibase and Laminar acquisitions.

Feb 4, 2026 10-Q

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 8-K

Rubrik 8-K Report, Financial Results (Dec 4, 2025)

Rubrik, Inc. (NYSE: RBRK) reported financial results for its third quarter of fiscal year 2026, ended October 31, 2025, in a press release furnished as Exhibit 99.1 to this Current Report on Form 8-K dated December 4, 2025. Subscription ARR grew 34% year-over-year to $1.35 billion, total revenue grew 48% year-over-year to $350.2 million, and the company had 2,638 customers with $100,000 or more in subscription ARR, up 27% year-over-year. GAAP net loss per share narrowed to $(0.32) from $(0.71) a year earlier, and free cash flow was $76.9 million compared with $15.6 million in the prior-year quarter. Cash, cash equivalents and short-term investments totaled $1.60 billion as of October 31, 2025. Management said the quarter exceeded the high end of its key performance metrics and raised its fiscal 2026 outlook. Full-year guidance calls for subscription ARR of $1,439 million to $1,443 million, revenue of $1,280 million to $1,282 million, and free cash flow of $194 million to $202 million. For the fourth quarter, the company expects revenue of $341 million to $343 million and a non-GAAP net loss per share of $(0.12) to $(0.10). The press release also described product launches, including Rubrik Agent Cloud and Rubrik Okta Recovery, and partnerships with CrowdStrike and Cognizant.

Dec 4, 2025 10-Q

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 8-K

Rubrik 8-K Report, Financial Results (Sep 9, 2025)

Rubrik, Inc. (NYSE: RBRK) filed this Form 8-K on September 9, 2025 under Item 2.02 to furnish its press release reporting results for the second quarter of fiscal year 2026, ended July 31, 2025. The company reported subscription ARR of $1.25 billion, up 36% year-over-year, and total revenue of $309.9 million, up 51% from $205.0 million in the prior-year quarter. GAAP net loss per share narrowed to $(0.49) from $(0.98), while non-GAAP net loss per share was $(0.03) versus $(0.40). Cash flow from operations was $64.7 million and free cash flow was $57.5 million, compared with negative figures in the year-earlier quarter. Management raised its fiscal 2026 outlook, guiding full-year subscription ARR to $1,408 million to $1,416 million, revenue to $1,227 million to $1,237 million, and free cash flow to $145 million to $155 million. For the third quarter, the company expects revenue of $319 million to $321 million and non-GAAP net loss per share of $(0.18) to $(0.16). The filing also notes the closing of the Predibase acquisition, which the company says supports its GenAI and agentic AI offerings. The balance sheet shows cash, cash equivalents, and short-term investments of $1,523.0 million as of July 31, 2025, alongside $1,128.5 million of convertible senior notes, net. Stockholders' deficit was $(564.3) million at quarter end. The filing furnishes the press release under Item 2.02 and states that this information is not deemed filed for purposes of Section 18 of the Exchange Act.

Sep 9, 2025 8-K

Rubrik 8-K Report, Unregistered Securities Sale (Jun 27, 2025)

Rubrk, Inc. (RBRK) reported in this Form 8-K, filed June 27, 2025, that on June 24, 2025 it agreed to acquire Predibase, Inc., which will become a wholly owned subsidiary upon closing. Predibase securityholders may elect cash or Class A common stock. Holders of approximately 77% of the consideration have already elected stock, equal to 1,371,810 shares, and between approximately 77% and 90% of the consideration will ultimately be paid in Class A shares. The Company expects to issue up to an additional 230,575 shares at closing, subject to customary adjustments. Portions of both cash and stock consideration will be held back to secure indemnification obligations of certain Predibase securityholders. The share issuances are being made only to accredited investors under Securities Act exemptions. The filing also reports results of the June 25, 2025 Annual Meeting of Stockholders. Stockholders re-elected John W. Thompson and Yvonne Wassenaar as Class I directors, each to serve until the 2028 annual meeting, and ratified KPMG LLP as the independent registered public accounting firm for the fiscal year ending January 31, 2026. Thompson received 1,401,417,337 votes for and 36,659,730 withheld; Wassenaar received 1,409,618,139 for and 28,458,928 withheld. KPMG's ratification received 1,474,729,686 votes for, 1,298,407 against and 80,560 abstentions. The filing states that the acquisition involves risks and uncertainties related to its consummation, and it refers investors to the Risk Factors in the Company's most recent filings, including its Form 10-Q for the quarter ended April 30, 2025.

Jun 27, 2025 8-K

Rubrik 8-K Report, Material Agreement (Jun 13, 2025)

Rubrik, Inc. (NYSE: RBRK) completed its private offering of $1.15 billion aggregate principal amount of 0.00% Convertible Senior Notes due June 15, 2030 on June 13, 2025, including the full exercise of the initial purchasers' $150.0 million option. The notes are general unsecured obligations, carry no regular interest, and have an initial conversion rate of 8.0155 shares of Class A common stock per $1,000 principal (about $124.76 per share, a premium of approximately 42.5% to the June 10, 2025 closing price). The company may settle conversions in cash, shares, or a combination, and may not redeem the notes before June 20, 2028. The company entered into capped call transactions with a cap price initially equal to $175.10 per share, a premium of 100% over the $87.55 last reported sale price on June 10, 2025, to reduce potential dilution from conversions. The filing states the capped call cost approximately $88.6 million. Net proceeds were approximately $1.13 billion, of which the company used a portion to repay in full the $327.9 million outstanding under its credit agreement with Goldman Sachs BDC, Inc. as agent, terminating that agreement effective June 13, 2025, and used the remainder for general corporate purposes, including possible acquisitions or strategic investments. The filing states that a maximum of 13,135,300 shares of Class A common stock may be issued upon conversion, based on the initial maximum conversion rate of 11.4220 shares per $1,000 principal. The notes were sold in a private placement under Section 4(a)(2) and Rule 144A, and have not been registered under the Securities Act.

Jun 13, 2025 10-Q

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 8-K

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

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 billion, 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 million 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 million 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.

Jun 5, 2025 10-K

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 8-K

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

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 million, 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 million, 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 million 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 million, 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).

Mar 13, 2025 10-Q

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 8-K

Rubrik 8-K Report, Financial Results (Dec 5, 2024)

Rubrik, Inc. (NYSE: RBRK) furnished a Form 8-K under Item 2.02 on December 5, 2024, attaching a press release announcing its financial results for the fiscal third quarter of 2025, ended October 31, 2024. The company reported Subscription ARR of $1,002.3 million, up 38% year-over-year, and total revenue of $236.2 million, up 43% from $165.6 million in the prior-year quarter. Subscription ARR Contribution Margin improved to (3)% from (14)%, and free cash flow was $15.6 million for the quarter, compared with $3.5 million a year earlier. The company also reported 2,085 customers with Subscription ARR of $100,000 or more, up 32% year-over-year. GAAP net loss per share was $(0.71), compared with $(1.41) a year earlier, and GAAP results include $92.5 million of stock-based compensation expense, largely tied to equity award vesting after the company's initial public offering. Non-GAAP net loss per share was $(0.21), compared with $(1.39). Cash, cash equivalents and short-term investments totaled $632.0 million as of October 31, 2024. For fiscal 2025, Rubrik guided to Subscription ARR of $1,057 million to $1,061 million, revenue of $860 million to $862 million, non-GAAP EPS of $(1.86) to $(1.82), and free cash flow of $(45) million to $(39) million, which includes $22.8 million in employer payroll taxes tied to IPO-related equity vesting. The company said results exceeded all guided metrics and raised full-year guidance.

Dec 5, 2024 10-Q

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 8-K

Rubrik 8-K Report, Financial Results (Sep 9, 2024)

Rubrik, Inc. (NYSE: RBRK) filed this Form 8-K on September 9, 2024 under Item 2.02 (Results of Operations and Financial Condition) to furnish a press release announcing results for the fiscal second quarter ended July 31, 2024 (Exhibit 99.1). Subscription ARR grew 40% year-over-year to $919.1 million, total revenue rose 35% to $205.0 million, and the company reported 1,969 customers with $100K or more in Subscription ARR, up 35% year-over-year. Management said results exceeded all guided metrics and raised full-year fiscal 2025 guidance across all metrics. Profitability remained negative on a GAAP basis. GAAP net loss was $176.9 million, or $(0.98) per share, compared with $(0.98)... more precisely, $(1.35) per share in the prior-year quarter, and the GAAP net loss included $105.0 million of stock-based compensation tied to equity vesting after the initial public offering. Non-GAAP net loss per share was $(0.40), against $(1.33) a year earlier. Subscription ARR Contribution Margin improved to (8)% from (22)%, and cash flow from operations was $(27.1) million, with free cash flow of $(32.0) million. Cash, cash equivalents and short-term investments totaled $601.3 million as of July 31, 2024. For the third quarter of fiscal 2025, Rubrik guided to revenue of $216.5 million to $218.5 million and non-GAAP EPS of $(0.41) to $(0.39). For full fiscal 2025, guidance calls for Subscription ARR of $1,026 million to $1,032 million, revenue of $830 million to $838 million, non-GAAP EPS of $(2.12) to $(2.06), and free cash flow of $(67) million to $(57) million, including $23 million of one-time payroll taxes related to the public offering.

Sep 9, 2024 10-Q

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 8-K

Rubrik 8-K Report, Financial Results (Jun 11, 2024)

Rubrik, Inc. (NYSE: RBRK) filed this Form 8-K under Item 2.02 (Results of Operations and Financial Condition) on June 11, 2024 to furnish a press release (Exhibit 99.1) announcing financial results for the first quarter of fiscal year 2025, ended April 30, 2024. Subscription ARR reached $856.1 million, up 46% year over year, and total revenue was $187.3 million, up 38% year over year. Subscription ARR Contribution Margin improved to (11)% from (32)% in the prior-year period, and the company cited improved operating leverage. Net loss was $732.1 million, or $(11.48) per share, which includes $630.3 million of stock-based compensation tied to the vesting of equity awards in conjunction with the company's initial public offering. Non-GAAP net loss per share was $(1.58), compared with $(1.48) a year earlier. Cash flow from operations was $(31.4) million and free cash flow was $(37.1) million, or $(16.5) million excluding $20.6 million of employer payroll taxes tied to the IPO-related equity vesting. Cash, cash equivalents and short-term investments totaled $606.3 million as of April 30, 2024. The filing notes the IPO of 23,500,000 Class A shares at $32.00 per share, with net proceeds of $710.3 million, and the NYSE listing on April 25, 2024. Management guided to second-quarter fiscal 2025 revenue of $195 million to $197 million and full-year fiscal 2025 revenue of $810 million to $824 million, with full-year Subscription ARR expected between $983 million and $997 million and full-year free cash flow of $(115) million to $(95) million, including $23 million of one-time payroll taxes related to the public offering.

Jun 11, 2024 8-K

Rubrik 8-K Report, Bylaw Amendment (Apr 29, 2024)

Rubrik, Inc. filed this Form 8-K on April 29, 2024 to report that it had filed an amended and restated certificate of incorporation with the Secretary of State of Delaware in connection with the closing of its initial public offering (the "IPO"). The Board and stockholders had previously approved the Restated Certificate to take effect upon the IPO closing. The filing also states that the company's amended and restated bylaws became effective the same day, in connection with the IPO closing, after prior approval by the Board and stockholders. The filing is administrative in nature. It does not itself disclose IPO pricing, proceeds, share counts, financial results, or other operating information. It incorporates by reference the Restated Certificate (Exhibit 3.1) and the Restated Bylaws (Exhibit 3.2), and points readers to the "Description of Capital Stock" section of the final prospectus filed under Rule 424(b) on April 26, 2024, relating to the Form S-1 (File No. 333-278434), for a description of these governing documents. For investors, the key takeaway is that the company's governing charter and bylaws were updated to take effect at the IPO closing, marking the transition of Rubrik to a publicly traded company. Investors seeking the substance of the governance terms should review the referenced prospectus section and the attached exhibits.

Apr 29, 2024