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Rubrik

RBRK Q1 2026 Earnings

Reported Jun 5, 2025 at 4:17 PM ET · SEC Source

Q1 26 EPS

$-0.15

BEAT +53.05%

Est. $-0.32

Q1 26 Revenue

$278.5M

BEAT +6.94%

Est. $260.4M

vs S&P Since Q1 26

-48.5%

TRAILING MARKET

RBRK -26.8% vs S&P +21.7%

Market Reaction

Did RBRK Beat Earnings? Q1 2026 Results

Rubrik posted a standout first quarter of fiscal 2026, beating consensus estimates on both the top and bottom lines as its accelerating subscription business drove results well ahead of expectations. The cybersecurity company reported revenue of $278… Read more Rubrik posted a standout first quarter of fiscal 2026, beating consensus estimates on both the top and bottom lines as its accelerating subscription business drove results well ahead of expectations. The cybersecurity company reported revenue of $278.48 million, up 48.7% year-over-year and ahead of the $260.41 million consensus, while a non-GAAP loss per share of $0.15 came in 53.05% better than the $0.32 analysts had anticipated. The single biggest driver was the continued strength of Rubrik's subscription model, with subscription revenue surging 54% year-over-year to $265.66 million and subscription ARR crossing $1.18 billion, supported by 2,381 customers spending at least $100,000 annually, a 28% increase from the prior year. Profitability metrics improved sharply as well, with GAAP gross margin expanding to 78.3% from 48.8% and free cash flow turning positive at $33.34 million. Looking ahead, Rubrik guided Q2 revenue of $281 million to $283 million and full-year revenue of $1.18 billion to $1.19 billion, with free cash flow projected between $65 million and $75 million.

Key Takeaways

  • • Subscription revenue grew 54% year-over-year to $265.7 million
  • • Subscription ARR grew 38% year-over-year to $1.18 billion
  • • 2,381 customers with $100K+ in Subscription ARR, up 28% year-over-year
  • • Subscription ARR Contribution Margin improved to 8.0% from (10.6)%
  • • Non-GAAP gross margin expanded to 80.5% from 75.4%
  • • Stock-based compensation expense normalized significantly following IPO-related vesting in the prior year
24/7 Wall St

RBRK YoY Financials

Q1 2026 vs Q1 2025, source: SEC Filings

24/7 Wall St

RBRK Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 26 Q4 26

“Our outstanding first-quarter results not only surpassed all guided metrics but also underscore the power of our focused innovation and execution. We are winning the cyber resilience market, and I believe that our opportunity is bigger than ever.”

— Bipul Sinha, Q1 2026 Earnings Press Release

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