RBRK

MKT CAP:$11B

Rubrik, Inc.

Market Cap

$11B

Technology·Software - Infrastructure·🇺🇸 United States·NYSE

Technology·Software Infra·🇺🇸·NYSE

Stock Price

$51.03-$24.44 (-32.38%)

Apr 23, 2026

Company Details

Rubrik, Inc. provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analy...

CEO

Bipul Sinha

IPO Date

Apr 25, 2024

Website

www.rubrik.com

Key Metrics TTM

Revenue

$1.2B

+53.4% YoY

Net Income

-$377M

EPS (Diluted)

-$1.95

Free Cash Flow

$260M

Revenue / Share

$6.03

Gross Margin

79.3%

Operating Margin

-31.7%

Net Margin

-31.5%

FCF Margin

21.7%

P/S

8.9x

P/E

—

Earnings Reports

FY 2026

Mar 19, 2026

$1.3B+48.5%EPS -$1.78

Q3 2026

Dec 8, 2025

$350M+48.3%EPS -$0.32

Q2 2026

Sep 10, 2025

$310M+51.2%EPS -$0.49

Q1 2026

Jun 6, 2025

$278M+48.7%EPS -$0.53

FY 2025

Mar 20, 2025

$887M+41.2%EPS -$7.48

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 23	$132M	$91M	-$66M
Q2 23	$167M	$118M	-$58M
Q3 23	$165M	$111M	-$59M
Q4 23	$136M	$98M	-$79M
Q1 24	$136M	$100M	-$85M
Q2 24	$152M	$116M	-$74M
Q1 25	$187M	$91M	-$725M
Q2 25	$205M	$150M	-$168M
Q3 25	$236M	$180M	-$125M
Q4 25	$258M	$200M	-$116M
Q1 26	$278M	$218M	-$93M
Q2 26	$310M	$246M	-$94M
Q3 26	$350M	$284M	-$75M

Valuation

Quarter	P/S	P/E
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q4 23	10.3x	—
Q1 24	10.2x	—
Q2 24	10.5x	—
Q1 25	10.1x	—
Q2 25	9.2x	—
Q3 25	9.4x	—
Q4 25	11.4x	—
Q1 26	13.4x	—
Q2 26	15.4x	—
Q3 26	12.3x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$25M	-$30M
Q2 23	-$25M	-$30M
Q3 23	$35M	$27M
Q4 23	$35M	$27M
Q1 24	-$17M	-$23M
Q2 24	-$7M	-$13M
Q1 25	-$31M	-$37M
Q2 25	-$27M	-$32M
Q3 25	$23M	$16M
Q4 25	$84M	$78M
Q1 26	$40M	$37M
Q2 26	$64M	$56M
Q3 26	$87M	$89M

Capital Expenditures

Quarter	CapEx
Q1 23	$5M
Q2 23	$5M
Q3 23	$8M
Q4 23	$8M
Q1 24	$6M
Q2 24	$7M
Q1 25	$6M
Q2 25	$5M
Q3 25	$8M
Q4 25	$6M
Q1 26	$3M
Q2 26	$7M
Q3 26	$2M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 24	+2.7%	+11.5%
Q2 24	-9.4%	-0.1%
Q1 25	+13.7%	+307.4%
Q2 25	+51.0%	+74.1%
Q3 25	+74.0%	+63.8%
Q4 25	+70.3%	+66.3%
Q1 26	+48.7%	-59.3%
Q2 26	+51.2%	+8.3%
Q3 26	+48.3%	+17.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$2M	1.9%
Q2 23	$2M	1.5%
Q3 23	$1M	0.6%
Q4 23	$1M	0.8%
Q1 24	$428.0K	0.3%
Q2 24	$1M	0.8%
Q1 25	$630M	336.5%
Q2 25	$105M	51.2%
Q3 25	$93M	39.2%
Q4 25	$86M	33.3%
Q1 26	$74M	26.4%
Q2 26	$0	0.0%
Q3 26	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 23	$42M	—	—	$115M
Q2 23	$44M	—	—	$132M
Q3 23	$43M	—	—	$126M
Q4 23	$45M	—	—	$131M
Q1 24	$46M	—	—	$138M
Q2 24	$50M	—	—	$140M
Q1 25	$285M	—	—	$531M
Q2 25	$86M	—	—	$232M
Q3 25	$80M	—	—	$225M
Q4 25	$80M	—	—	$236M
Q1 26	$82M	$59M	$170M	—
Q2 26	$92M	$67M	$182M	—
Q3 26	$98M	$67M	$193M	—

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 23	—	-49.4%	—
Q2 23	—	-34.6%	—
Q3 23	—	-35.0%	—
Q4 23	—	-56.5%	—
Q1 24	2.7%	-60.8%	-58.1
Q2 24	-9.4%	-47.4%	-56.8
Q1 25	13.7%	-371.0%	-357.3
Q2 25	51.0%	-75.9%	-24.9
Q3 25	74.0%	-47.1%	26.9
Q4 25	70.3%	-37.3%	33.0
Q1 26	48.7%	-29.8%	18.9
Q2 26	51.2%	-26.0%	25.2
Q3 26	48.3%	-17.1%	31.2

Rule of 40

Revenue Segments

Quarter	Maintenance	Product and Service, Other	Subscription and Circulation
Q1 25	$6M	$19M	$172M
Q2 25	$5M	$9M	$191M
Q3 25	$4M	$10M	$222M
Q4 25	$3M	$7M	$244M
Q1 26	$2M	$10M	$266M
Q2 26	$2M	$11M	$297M
Q3 26	$2M	$12M	$336M

Revenue by Geography

Quarter	Americas	Asia Pacific	Emea
Q1 25	$135M	$7M	$45M
Q2 25	$147M	$7M	$51M
Q3 25	$169M	$10M	$57M
Q4 25	$185M	$11M	$61M
Q1 26	$203M	$11M	$65M
Q2 26	$225M	$12M	$73M
Q3 26	$256M	$14M	$81M

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 23	$136M	$160M	$296M
Q4 23	$136M	$160M	$296M
Q1 24	$0	$592M	$592M
Q2 24	$90M	$172M	$262M
Q3 24	$130M	$149M	$279M
Q4 24	$130M	$149M	$279M
Q1 25	$503M	$104M	$606M
Q2 25	$142M	$459M	$601M
Q3 25	$104M	$528M	$632M
Q4 25	$186M	$519M	$705M
Q1 26	$284M	$478M	$762M
Q2 26	$323M	$1.2B	$1.5B
Q3 26	$307M	$1.3B	$1.6B
Q4 26	$380M	$1.3B	$1.7B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 23	176M	—	—
Q2 23	176M	0.0%	—
Q3 23	176M	0.0%	—
Q4 23	176M	0.0%	—
Q1 24	176M	0.0%	0.0%
Q2 24	176M	0.0%	0.0%
Q1 25	177M	+0.4%	+0.4%
Q2 25	180M	+1.8%	+2.2%
Q3 25	184M	+2.1%	+4.4%
Q4 25	188M	+2.4%	+6.9%
Q1 26	192M	+1.9%	+8.5%
Q2 26	195M	+1.7%	+8.4%
Q3 26	198M	+1.8%	+8.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q4 23	—	—
Q1 24	—	—
Q2 24	—	—
Q1 25	—	—
Q2 25	—	—
Q3 25	—	—
Q4 25	$80.7K	3K
Q1 26	$87.0K	3K
Q2 26	$96.8K	3K
Q3 26	$109.4K	3K

Revenue / Employee