- Subscription ARR grew 38% year-over-year to $1,002.3
million
- Revenue grew 43% year-over-year to $236.2 million
- 2,085 customers with $100K or more in Subscription ARR, up 32%
year-over-year
- Results exceeded all guided metrics and full year guidance
raised
Rubrik, Inc. (NYSE: RBRK), the Zero Trust Data Security™
company, today announced financial results for the third quarter of
fiscal year 2025, ended October 31, 2024.
“We’re incredibly proud to have surpassed $1 billion in
Subscription ARR, growing 38% year-over-year. This is a significant
milestone achieved in just over 10 years since the company was
founded. Our strong growth at scale shows that we’re winning the
cyber resilience market and we’re excited to continue to execute on
this new vision to define the future of the cybersecurity
industry,” said Bipul Sinha, Rubrik’s Chief Executive Officer,
Chairman, and Co-Founder.
Commenting on the company’s financial results, Kiran Choudary,
Rubrik’s Chief Financial Officer, added, “We had another strong
quarter, outperforming expectations across all metrics. In addition
to strong growth, our Subscription ARR Contribution Margin was up
over 1,100 basis points year-over-year, and we generated positive
free cash flow. These results demonstrate our ability to drive
growth at scale with improving efficiency.”
Third Quarter Fiscal 2025 Financial Highlights
- Subscription Annual Recurring Revenue (ARR):
Subscription ARR was up 38% year-over-year, growing to $1,002.3
million as of October 31, 2024.
- Revenue: Subscription revenue was $221.5 million, a 55%
increase, compared to $143.4 million in the third quarter of fiscal
2024. Total revenue was $236.2 million, a 43% increase, compared to
$165.6 million in the third quarter of fiscal 2024.
- Gross Margin: GAAP gross margin was 76.2%, compared to
79.6% in the third quarter of fiscal 2024. This includes $6.0
million in stock-based compensation expense, compared to $0.1
million in the year ago period, due to the vesting of certain
equity awards after and as a result of the completion of our
initial public offering. Non-GAAP gross margin was 79.2%, compared
to 80.1% in the third quarter of fiscal 2024.
- Subscription ARR Contribution Margin: Subscription ARR
Contribution Margin was (3)% compared to (14)% in the third quarter
of fiscal 2024, reflecting the improvement in operating leverage in
the business.
- Net Loss per Share: GAAP net loss per share was $(0.71),
compared to $(1.41) in the third quarter of fiscal 2024. GAAP net
loss includes $92.5 million in stock-based compensation expense,
compared to $0.7 million in the year ago period, due to the vesting
of certain equity awards after and as a result of the completion of
our initial public offering. Non-GAAP net loss per share was
$(0.21), compared to $(1.39) in the third quarter of fiscal
2024.
- Cash Flow from Operations: Cash flow from operations was
$23.1 million, compared to $6.9 million in the third quarter of
fiscal 2024. Free cash flow was $15.6 million, compared to $3.5
million in the third quarter of fiscal 2024.
- Cash, Cash Equivalents, and Short-Term Investments:
Cash, cash equivalents and short-term investments were $632.0
million as of October 31, 2024.
Recent Business Highlights
- As of October 31, 2024, Rubrik had 2,085 customers with
Subscription ARR of $100,000 or more, up 32% year-over-year.
- Announced Rubrik Data Security Posture Management (DSPM) for
Microsoft 365 Copilot to provide greater visibility and control of
sensitive data, reduce the risk of exposure, and empower
organizations to quickly and securely adopt Copilot.
- Announced support for Red Hat OpenShift Virtualization on
Rubrik Security Cloud. General availability is expected in early
2025.
- Announced a partnership with Pure Storage to offer
organizations a complete cyber resilience stack. This partnership
combines the strengths of Pure Storage FlashArrayTM, Rubrik
Security Cloud, and Pure Storage FlashBlade® to secure data and
minimize downtime.
- Announced an integration with Okta’s Identity Threat Protection
to help organizations identify user risks associated with sensitive
data access and safeguard more effectively against identity
attacks.
- Hosted Rubrik’s Healthcare Summit, the company’s first industry
summit in its history. This event highlighted customer case
studies, the continuity of patient care during cyber incidents and
the introduction of the Rubrik Security Cloud Healthcare Dashboard
for Epic.
- Named the 2024 Entrepreneurial Company of the Year by the
Harvard Business School (HBS) Association of Northern California.
Rubrik will join the ranks of past recipients, including Adobe,
AWS, Cloudflare, Facebook, NVIDIA, and Salesforce.
Fourth Quarter and Fiscal Year 2025 Outlook
Rubrik is providing the following guidance for the fourth
quarter of fiscal year 2025 and the full fiscal year 2025:
- Fourth Quarter Fiscal 2025 Outlook:
- Revenue of $231.5 million to $233.5 million.
- Non-GAAP Subscription ARR contribution margin of approximately
(3)% to (2)%.
- Non-GAAP EPS of $(0.41) to $(0.37).
- Weighted-average shares outstanding of approximately 187
million.
- Full Year 2025 Outlook:
- Subscription ARR between $1,057 million and $1,061
million.
- Revenue of $860 million to $862 million.
- Non-GAAP Subscription ARR contribution margin of approximately
(3)% to (2)%.
- Non-GAAP EPS of $(1.86) to $(1.82).
- Weighted-average shares outstanding of approximately 154
million.
- Free cash flow of $(45) million to $(39) million, including
$22.8 million in employer payroll taxes due to the vesting of
certain equity awards in connection with our initial public
offering.
Additional information on Rubrik’s reported results, including a
reconciliation of the non-GAAP results to their most comparable
GAAP measures, is included in the financial tables below. A
reconciliation of non-GAAP guidance measures to corresponding GAAP
measures is not available on a forward-looking basis without
unreasonable effort due to the uncertainty of expenses that may be
incurred in the future, although it is important to note that these
factors could be material to Rubrik’s results computed in
accordance with GAAP. For example, stock-based compensation-related
charges, including employer payroll tax-related items on employee
stock transactions, are impacted by the timing of employee stock
transactions, the future fair market value of Rubrik’s Class A
common stock, and Rubrik’s future hiring and retention needs, all
of which are difficult to predict and subject to constant
change.
Conference Call Information
Rubrik will host a conference call to discuss results for the
third quarter of fiscal year 2025, as well as its financial outlook
for the fiscal fourth quarter and fiscal year 2025 today at 2:00
p.m. Pacific Time / 5:00 p.m. Eastern Time. Open to the public,
analysts and investors may access the webcast, results press
release, and investor presentation on Rubrik’s investor relations
website at https://ir.rubrik.com. A replay of the webcast will also
be accessible from Rubrik’s investor relations website a few hours
after the conclusion of the live event.
Rubrik uses its investor relations website and may use certain
social media accounts including X (formerly Twitter) (@rubrikInc
and @bipulsinha) and LinkedIn (www.linkedin.com/company/rubrik-inc
and www.linkedin.com/in/bipulsinha) as a means of disclosing
material non-public information and for complying with its
disclosure obligations under Regulation FD.
Forward-Looking Statements
This press release and the related conference call contain
express and implied “forward-looking statements” within the meaning
of the Private Securities Litigation Reform Act of 1995, including
statements regarding Rubrik’s financial outlook for the fourth
quarter of fiscal year 2025 and full fiscal year 2025, Rubrik’s
market position, market opportunities, and growth strategy, product
initiatives, go-to-market motions and market trends. In some cases,
you can identify forward-looking statements by terms such as
“anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,”
“might,” “plan,” “project,” “will,” “would,” “should,” “could,”
“can,” “predict,” “potential,” “target,” “explore,” “continue,”
“outlook,” “guidance,” or the negative of these terms, where
applicable, and similar expressions intended to identify
forward-looking statements. By their nature, these statements are
subject to numerous uncertainties and risks, including factors
beyond Rubrik’s control, that could cause actual results,
performance or achievement to differ materially and adversely from
those anticipated or implied in the statements. Risks include but
are not limited to Rubrik’s limited operating history, the growth
rate of the market in which Rubrik competes, Rubrik’s ability to
effectively manage and sustain its growth, Rubrik’s ability to
introduce new products on top of its platform, Rubrik’s ability to
compete with existing competitors and new market entrants, Rubrik’s
ability to expand internationally and its ability to utilize AI
successfully in its current and future products. Additional risks
and uncertainties that could cause actual outcomes and results to
differ materially from those contemplated by the forward-looking
statements are included under the caption “Risk Factors” and
elsewhere in our most recent filings with the Securities and
Exchange Commission, including in our Quarterly Report on Form 10-Q
for the quarter ended July 31, 2024. Forward-looking statements
speak only as of the date the statements are made and are based on
information available to Rubrik at the time those statements are
made and/or management’s good faith belief as of that time with
respect to future events. Rubrik assumes no obligation to update
forward-looking statements to reflect events or circumstances after
the date they were made, except as required by law.
Non-GAAP Financial Measures
Rubrik has provided in this press release financial information
that has not been prepared in accordance with GAAP. Rubrik uses
these non-GAAP financial measures internally in analyzing its
financial results and believes that use of these non-GAAP financial
measures is useful to investors as an additional tool to evaluate
ongoing operating results and trends and in comparing Rubrik’s
financial results with other companies in its industry, many of
which present similar non-GAAP financial measures.
Non-GAAP financial measures are not meant to be considered in
isolation or as a substitute for comparable GAAP financial measures
and should be read only in conjunction with Rubrik’s condensed
consolidated financial statements prepared in accordance with GAAP.
A reconciliation of Rubrik’s historical non-GAAP financial measures
to the most directly comparable GAAP measures has been provided in
the financial statement tables included in this press release, and
investors are encouraged to review the reconciliation.
Free Cash Flow. Rubrik defines free
cash flow as net cash provided by (used in) operating activities
less cash used for purchases of property and equipment and
capitalized internal-use software. Rubrik believes free cash flow
is a helpful indicator of liquidity that provides information to
management and investors about the amount of cash generated or used
by Rubrik’s operations that, after the investments in property and
equipment and capitalized internal-use software, can be used for
strategic initiatives, including investing in Rubrik’s business and
strengthening its financial position. One limitation of free cash
flow is that it does not reflect Rubrik’s future contractual
commitments. Additionally, free cash flow is not a substitute for
cash used in operating activities and the utility of free cash flow
as a measure of Rubrik’s liquidity is further limited as it does
not represent the total increase or decrease in Rubrik’s cash
balance for a given period.
Non-GAAP Subscription Cost of Revenue.
Rubrik defines non-GAAP subscription cost of revenue as
subscription cost of revenue, adjusted for amortization of acquired
intangibles, stock-based compensation expense, stock-based
compensation from amortization of capitalized internal-use
software, and other non-recurring items.
Non-GAAP Operating Expenses (Research and
Development, Sales and Marketing, General and Administrative).
Rubrik defines non-GAAP operating expenses as operating expenses
(research and development, sales and marketing, general and
administrative), adjusted for, as applicable, stock-based
compensation expense, and other non-recurring items.
Subscription Annual Recurring Revenue
(“ARR”) Contribution Margin. Rubrik defines Subscription ARR
Contribution Margin as Subscription ARR contribution divided by
Subscription ARR at the end of the period. Rubrik defines
Subscription ARR Contribution as Subscription ARR at the end of the
period less: (i) non-GAAP subscription cost of revenue and (ii)
non-GAAP operating expenses for the prior 12-month period ending on
that date. Rubrik believes that Subscription ARR Contribution
Margin is a helpful indicator of operating leverage. One limitation
of Subscription ARR Contribution Margin is that the factors that
impact Subscription ARR will vary from those that impact
subscription revenue and, as such, may not provide an accurate
indication of Rubrik’s actual or future GAAP results. Additionally,
the historical expenses in this calculation may not accurately
reflect the costs associated with future commitments.
Key Business Metrics
Subscription ARR. Rubrik calculates
Subscription ARR as the annualized value of our active subscription
contracts as of the measurement date, assuming any contract that
expires during the next 12 months is renewed on existing terms.
Subscription contracts include cloud-based contracts for Rubrik’s
subscription offerings and products sold on top of its Rubrik
Security Cloud (“RSC”) platform, prior sales of CDM sold as a
subscription term-based license with associated support, and
standalone sales of Rubrik’s SaaS subscription products like
Anomaly Detection (previously known as Ransomware Monitoring &
Investigation) and Sensitive Data Monitoring (previously known as
Sensitive Data Monitoring & Management).
Cloud ARR. Rubrik calculates Cloud ARR
as the annualized value of its active cloud-based subscription
contracts as of the measurement date, based on Rubrik’s customers’
total contract value and, assuming any contract that expires during
the next 12 months is renewed on existing terms. Rubrik’s
cloud-based subscription contracts include RSC and RSC-Government
(excluding RSC-Private) and SaaS subscription products like
Ransomware Monitoring & Investigation (now known as Anomaly
Detection) and Sensitive Data Monitoring & Management (now
known as Sensitive Data Monitoring).
Average Subscription Dollar-Based Net
Retention Rate. Rubrik calculates Average Subscription
Dollar-Based Net Retention Rate by first identifying subscription
customers (“Prior Period Subscription Customers”) which were
subscription customers at the end of a particular quarter (the
“Prior Period”). Rubrik then calculates the Subscription ARR from
these Prior Period Subscription Customers at the end of the same
quarter of the subsequent year (the “Current Period”). This
calculation captures upsells, contraction, and attrition since the
Prior Period. Rubrik then divides total Current Period Subscription
ARR by the total Prior Period Subscription ARR for Prior Period
Subscription Customers. Rubrik’s Average Subscription Dollar-Based
Net Retention Rate in a particular quarter is obtained by averaging
the result from that particular quarter with the corresponding
results from each of the prior three quarters.
Customers with $100K or More in
Subscription ARR. Customers with $100K or more in Subscription
ARR represent the number of customers that contributed $100,000 or
more in Subscription ARR as of period end.
About Rubrik
Rubrik (NYSE: RBRK) is on a mission to secure the world’s data.
With Zero Trust Data Security™, we help organizations achieve
business resilience against cyberattacks, malicious insiders, and
operational disruptions. Rubrik Security Cloud, powered by machine
learning, secures data across enterprise, cloud, and SaaS
applications. We help organizations uphold data integrity, deliver
data availability that withstands adverse conditions, continuously
monitor data risks and threats, and restore businesses with their
data when infrastructure is attacked.
Rubrik, Inc.
CONDENSED CONSOLIDATED
STATEMENTS OF OPERATIONS
(in thousands, except per share
amounts)
(unaudited)
Three Months Ended October
31,
Nine Months Ended October
31,
2024
2023
2024
2023
Revenue
Subscription
$
221,511
$
143,363
$
585,021
$
379,217
Maintenance
4,342
8,979
15,027
31,861
Other
10,325
13,262
28,396
41,801
Total revenue
236,178
165,604
628,444
452,879
Cost of revenue
Subscription
46,486
22,697
166,006
67,538
Maintenance
824
1,398
5,473
5,418
Other
8,836
9,613
35,814
32,033
Total cost of revenue
56,146
33,708
207,293
104,989
Gross profit
180,032
131,896
421,151
347,890
Operating expenses
Research and development
80,050
51,372
451,657
147,400
Sales and marketing
158,907
120,847
706,163
353,824
General and administrative
65,862
24,956
281,248
70,061
Total operating expenses
304,819
197,175
1,439,068
571,285
Loss from operations
(124,787
)
(65,279
)
(1,017,917
)
(223,395
)
Interest income
7,468
2,934
17,688
8,296
Interest expense
(10,310
)
(9,006
)
(31,179
)
(20,711
)
Other income (expense), net
(1,333
)
104
(3,406
)
(1,574
)
Loss before income taxes
(128,962
)
(71,247
)
(1,034,814
)
(237,384
)
Income tax expense
1,948
15,020
5,117
19,277
Net loss
$
(130,910
)
$
(86,267
)
$
(1,039,931
)
$
(256,661
)
Net loss per share attributable to common
shareholders, basic and diluted
$
(0.71
)
$
(1.41
)
$
(7.27
)
$
(4.25
)
Weighted-average shares used in computing
net loss per share attributable to common shareholders, basic and
diluted
183,590
61,023
142,985
60,425
Rubrik, Inc.
CONDENSED CONSOLIDATED BALANCE
SHEETS
(in thousands)
(unaudited)
October 31,
January 31,
2024
2024
Assets
Current assets
Cash and cash equivalents
$
103,896
$
130,031
Short-term investments
528,081
149,220
Accounts receivable, net of allowances
147,684
133,544
Deferred commissions
85,647
72,057
Prepaid expenses and other current
assets
78,383
63,861
Total current assets
943,691
548,713
Property and equipment, net
49,294
47,873
Deferred commissions, noncurrent
124,280
113,814
Goodwill
100,343
100,343
Other assets, noncurrent
51,083
62,867
Total assets
$
1,268,691
$
873,610
Liabilities, redeemable convertible
preferred stock and stockholders’ deficit
Current liabilities
Accounts payable
$
9,382
$
6,867
Accrued expenses and other current
liabilities
121,164
122,934
Deferred revenue
686,010
526,480
Total current liabilities
816,556
656,281
Deferred revenue, noncurrent
597,233
579,781
Other liabilities, noncurrent
58,998
55,050
Debt, noncurrent
316,991
287,042
Total liabilities
1,789,778
1,578,154
Redeemable convertible preferred stock
—
714,713
Stockholders’ deficit
Preferred stock
—
—
Common stock
—
1
Convertible founders stock
—
—
Class A common stock
2
—
Class B common stock
2
—
Additional paid-in capital
2,202,169
265,494
Accumulated other comprehensive loss
(816
)
(2,239
)
Accumulated deficit
(2,722,444
)
(1,682,513
)
Total stockholders’ deficit
(521,087
)
(1,419,257
)
Total liabilities, redeemable convertible
preferred stock and stockholders’ deficit
$
1,268,691
$
873,610
Rubrik, Inc.
CONDENSED CONSOLIDATED
STATEMENTS OF CASH FLOWS
(in thousands)
(unaudited)
Nine Months Ended October
31,
2024
2023
Cash flows from operating
activities:
Net loss
$
(1,039,931
)
$
(256,661
)
Adjustments to reconcile net loss to net
cash used in operating activities:
Depreciation and amortization
21,542
17,788
Stock-based compensation
827,875
2,284
Amortization of deferred commissions
66,372
56,692
Non-cash interest
29,127
10,117
Deferred income taxes
1,527
1,298
Other
(4,670
)
(1,222
)
Changes in operating assets and
liabilities:
Accounts receivable
(14,312
)
13,138
Deferred commissions
(90,428
)
(75,802
)
Prepaid expenses and other assets
(14,291
)
5,861
Accounts payable
3,888
(450
)
Accrued expenses and other liabilities
950
(20,740
)
Deferred revenue
176,982
230,409
Net cash used in operating activities
(35,369
)
(17,288
)
Cash flows from investing
activities:
Purchases of property and equipment
(11,296
)
(9,335
)
Capitalized internal-use software
(6,902
)
(6,616
)
Purchases of investments
(641,292
)
(221,602
)
Sale of investments
27,978
7,503
Maturities of investments
243,912
198,379
Payment for business combination, net of
cash acquired
—
(90,328
)
Net cash used in investing activities
(387,600
)
(121,999
)
Cash flows from financing
activities:
Proceeds from initial public offering and
underwriters' exercise of over-allotment option, net of
underwriting discounts and commissions
815,209
—
Taxes paid related to net share settlement
of equity awards
(432,512
)
—
Proceeds from exercise of stock
options
6,592
3,081
Proceeds from issuance of common stock
under employee stock purchase plan
11,064
—
Payments for deferred offering costs,
net
(3,545
)
(2,939
)
Proceeds from issuance of debt, net of
discount
—
96,525
Payments for debt discount costs
(475
)
—
Payments for debt issuance costs
(233
)
(225
)
Net cash provided by financing
activities
396,100
96,442
Effect of exchange rate on cash, cash
equivalents, and restricted cash
898
(94
)
Net increase (decrease) in cash, cash
equivalents, and restricted cash
(25,971
)
(42,939
)
Cash, cash equivalents, and restricted
cash, beginning of year
137,059
140,606
Cash, cash equivalents, and restricted
cash, end of year
$
111,088
$
97,667
Rubrik, Inc.
GAAP to Non-GAAP
Reconciliations
(in thousands, except percentages
and per share data)
(unaudited)
Three Months Ended October
31,
Nine Months Ended October
31,
2024
2023
2024
2023
Reconciliation of GAAP total gross
profit to non-GAAP total gross profit:
Total gross profit on a GAAP basis
$
180,032
$
131,896
$
421,151
$
347,890
Add: Stock-based compensation expense
5,955
48
61,900
58
Add: Stock-based compensation from
amortization of capitalized internal-use software
119
15
149
139
Add: Amortization of acquired
intangibles
923
753
2,749
753
Non-GAAP total gross profit
$
187,029
$
132,712
$
485,949
$
348,840
GAAP total gross margin
76
%
80
%
67
%
77
%
Non-GAAP total gross margin
79
%
80
%
77
%
77
%
Reconciliation of GAAP operating
expenses to non-GAAP operating expenses:
Research and development operating expense
on a GAAP basis
$
80,050
$
51,372
$
451,657
$
147,400
Less: Stock-based compensation expense
23,088
191
275,562
994
Non-GAAP research and development
operating expense
$
56,962
$
51,181
$
176,095
$
146,406
Sales and marketing operating expense on a
GAAP basis
$
158,907
$
120,847
$
706,163
$
353,824
Less: Stock-based compensation expense
27,468
268
301,611
1,030
Non-GAAP sales and marketing operating
expense
$
131,439
$
120,579
$
404,552
$
352,794
General and administrative operating
expense on a GAAP basis
$
65,862
$
24,956
$
281,248
$
70,061
Less: Stock-based compensation expense
36,016
145
188,802
202
Non-GAAP general and administrative
operating expense
$
29,846
$
24,811
$
92,446
$
69,859
Reconciliation of GAAP operating loss
to non-GAAP operating loss:
Operating loss on a GAAP basis
$
(124,787
)
$
(65,279
)
$
(1,017,917
)
$
(223,395
)
Add: Stock-based compensation expense
92,527
652
827,875
2,284
Add: Stock-based compensation from
amortization of capitalized internal-use software
119
15
149
139
Add: Amortization of acquired
intangibles
923
753
2,749
753
Non-GAAP operating loss
$
(31,218
)
$
(63,859
)
$
(187,144
)
$
(220,219
)
Reconciliation of GAAP net loss to
non-GAAP net loss:
Net loss on a GAAP basis
$
(130,910
)
$
(86,267
)
$
(1,039,931
)
$
(256,661
)
Add: Stock-based compensation expense
92,527
652
827,875
2,284
Add: Stock-based compensation from
amortization of capitalized internal-use software
119
15
149
139
Add: Amortization of acquired
intangibles
923
753
2,749
753
Income tax expenses effect related to the
above adjustments
(441
)
(48
)
(664
)
(106
)
Non-GAAP net loss
$
(37,782
)
$
(84,895
)
$
(209,822
)
$
(253,591
)
Non-GAAP net loss per share, basic and
diluted
$
(0.21
)
$
(1.39
)
$
(1.47
)
$
(4.20
)
Weighted-average shares used to compute
non-GAAP net loss per share, basic and diluted
183,590
61,023
142,985
60,425
The following table presents a reconciliation of free cash flow
to net cash provided by (used in) operating activities, the most
directly comparable GAAP measure, for each of the periods indicated
(unaudited, in thousands, except percentages):
Three Months Ended October
31,
Nine Months Ended October
31,
2024
2023
2024
2023
Net cash provided by/(used in) operating
activities
$
23,095
$
6,917
$
(35,369
)
$
(17,288
)
Less: Purchases of property and
equipment
(5,069
)
(1,468
)
(11,296
)
(9,335
)
Less: Capitalized internal-use
software
(2,458
)
(1,994
)
(6,902
)
(6,616
)
Free cash flow
$
15,568
$
3,455
$
(53,567
)
$
(33,239
)
Free cash flow margin
7
%
2
%
(9
)%
(7
)%
Net cash used in investing activities
$
(72,139
)
$
(99,781
)
$
(387,600
)
$
(121,999
)
Net cash provided by financing
activities
$
11,726
$
95,716
$
396,100
$
96,442
The following table presents the calculation of Subscription ARR
Contribution Margin for the periods presented as well as a
reconciliation of (i) non-GAAP subscription cost of revenue to cost
of revenue and (ii) non-GAAP operating expenses to operating
expenses (in thousands, except percentages):
Twelve Months Ended October
31,
2024
2023
Subscription cost of revenue
$
196,395
$
87,061
Stock-based compensation expense
(45,360
)
(45
)
Stock-based compensation from amortization
of capitalized internal-use software
(163
)
(212
)
Amortization of acquired intangibles
(3,672
)
(869
)
Non-GAAP subscription cost of revenue
$
147,200
$
85,935
Operating expenses
$
1,657,219
$
747,628
Stock-based compensation expense
(769,401
)
(3,761
)
Non-GAAP operating expenses
$
887,818
$
743,867
Subscription ARR
$
1,002,252
$
724,811
Non-GAAP subscription cost of revenue
(147,200
)
(85,935
)
Non-GAAP operating expenses
(887,818
)
(743,867
)
Subscription ARR Contribution
$
(32,766
)
$
(104,991
)
Subscription ARR Contribution Margin
(3
)%
(14
)%
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241205083714/en/
Investor Relations Contact Melissa Franchi VP, Head of
Investor Relations, Rubrik 781.367.0733 IR@rubrik.com
Public Relations Contact Jessica Moore VP, Global
Communications, Rubrik 415.244.6565 jessica.moore@rubrik.com
Grafico Azioni Rubrik (NYSE:RBRK)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni Rubrik (NYSE:RBRK)
Storico
Da Dic 2023 a Dic 2024
