Companies /Technology

Rubrik, Inc.

NYSE: RBRK Software - Infrastructure
$91.50
▼ $2.17 (−2.32%) today
Markets open · 4:03pm ET

Q1 2026 Earnings

Reported Jun 5, 2025, 4:17pm ET · SEC source
$-0.15
Beat +53.05%
EPS · est. $-0.32
$278.5M
Beat +6.94%
Revenue · est. $260.4M
−16.5%
Trailing market
RBRK vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−6%−3%0+3%Jun 5Jun 6report 4:17pm ETearnings+1.2%−3.9%
−6%−3%0+3%Jun 5Jun 6earnings+1.2%−3.9%
RBRK −3.9%S&P 500 +1.2%
−6%−3%0+3%Jun 5Jun 6report 4:17pm ETearnings+1.3%−3.9%
−6%−3%0+3%Jun 5Jun 6earnings+1.3%−3.9%
RBRK −3.9%NASDAQ +1.3%
−6%0+6%Jun 4Jun 13report 4:17pm ETearnings+0.8%−6.9%
−6%0+6%Jun 4Jun 13earnings+0.8%−6.9%
RBRK −6.9%S&P 500 +0.8%
−6%0+6%Jun 4Jun 13report 4:17pm ETearnings+0.8%−6.9%
−6%0+6%Jun 4Jun 13earnings+0.8%−6.9%
RBRK −6.9%NASDAQ +0.8%
−0.67%
Day of report
−4.86%
Next session
−7.77%
One week
−12.02%
30 days

S&P 500 over the same 30 days: +4.45%.

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 $278.48 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

“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.”

Rubrik CEO, on the earnings call

Forward Guidance & Outlook

For Q2 FY2026, Rubrik guides revenue of $281 million to $283 million, non-GAAP Subscription ARR contribution margin of 4.5% to 5.5%, non-GAAP EPS of $(0.35) to $(0.33), with approximately 196 million weighted-average shares outstanding. For full fiscal year 2026, the company guides Subscription ARR of $1,380 million to $1,388 million, revenue of $1,179 million to $1,189 million, non-GAAP Subscription ARR contribution margin of approximately 6.0%, non-GAAP EPS of $(1.02) to $(0.96), with approximately 198 million weighted-average shares outstanding, and free cash flow of $65 million to $75 million.

RBRK YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$200.0M$187.3M$278.5MRevenue$91.3M$218.0MGross Profit$-49,738,726$-93,091,000Operating Income$-54,879,871$-102,104,000Net Income
$0$200.0MRevenueGross ProfitOperating IncomeNet Income

RBRK Revenue by Segment

Subscription$265.7M+54.0%
Other$10.5M
Maintenance$2.3M

Figures from SEC filings and company reports. Not investment advice.