Companies /Technology

Rubrik, Inc.

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

Q3 2026 Earnings

Reported Dec 4, 2025, 4:06pm ET · SEC source
$0.10
Beat +158.00%
EPS · est. $-0.17
$350.2M
Beat +9.25%
Revenue · est. $320.5M
−17.5%
Trailing market
RBRK vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−8%0+8%+16%Dec 4Dec 5report 4:06pm ETearnings+0.2%+12.0%
−8%0+8%+16%Dec 4Dec 5earnings+0.2%+12.0%
RBRK +12.0%S&P 500 +0.2%
−8%0+8%+16%Dec 4Dec 5report 4:06pm ETearnings+0.4%+12.0%
−8%0+8%+16%Dec 4Dec 5earnings+0.4%+12.0%
RBRK +12.0%NASDAQ +0.4%
−16%−8%0+8%Dec 3Dec 12report 4:06pm ETearnings−0.3%−1.0%
−16%−8%0+8%Dec 3Dec 12earnings−0.3%−1.0%
RBRK −1.0%S&P 500 −0.3%
−16%−8%0+8%Dec 3Dec 12report 4:06pm ETearnings−1.5%−1.0%
−16%−8%0+8%Dec 3Dec 12earnings−1.5%−1.0%
RBRK −1.0%NASDAQ −1.5%
+22.49%
Day of report
+3.28%
Next session
−5.49%
One week
−16.92%
30 days

S&P 500 over the same 30 days: +0.56%.

Did RBRK Beat Earnings? Q3 2026 Results

Rubrik delivered a standout fiscal third quarter for 2026, posting results that well exceeded Wall Street expectations as the cybersecurity and data management company's subscription-driven model showed accelerating momentum. Revenue reached $350.17 million, up 48.3% year-over-year and ahead of the $320.51 million consensus, while non-GAAP diluted EPS came in at $0.10, a 158% beat relative to the $0.17 loss analysts had anticipated. The primary engine behind the outperformance was subscription revenue, which climbed 52% year-over-year to $336.39 million, pushing subscription ARR to $1.35 billion, a 34% gain. Equally notable, the company swung to non-GAAP operating profitability, posting $10.08 million in non-GAAP operating income against a $31.22 million loss a year ago, reflecting meaningful operating leverage as gross margins expanded to 80.5% on a GAAP basis. Free cash flow surged to $76.89 million, up sharply from $15.57 million a year prior. Looking ahead, management raised its full-year revenue outlook to approximately $1.28 billion, with free cash flow guided between $194 million and $202 million, signaling sustained confidence in the company's growth trajectory.

Key Takeaways
  • Subscription revenue grew 52% YoY to $336.4 million, driving total revenue growth of 48%
  • Subscription ARR grew 34% YoY to $1.35 billion
  • Non-GAAP gross margin expanded to 82.8% from 79.2% YoY
  • Subscription ARR contribution margin turned positive at 10.3% versus (3.3)% a year ago
  • Free cash flow surged to $76.9 million (22% margin) from $15.6 million (7% margin) YoY
  • 2,638 customers with $100K+ subscription ARR, up 27% YoY

“Rubrik had another exceptional quarter, with record net new subscription ARR and free cash flow generation. As the AI transformation unfolds, organizations worldwide are turning to Rubrik to ensure their businesses remain secure and AI ready. Looking ahead, we are committed to leading and pioneering new advancements at the intersection of data protection, cyber resilience, and enterprise AI acceleration.”

Rubrik CEO, on the earnings call

Forward Guidance & Outlook

Rubrik raised its full-year fiscal 2026 outlook. Q4 FY2026 guidance: revenue of $341M–$343M, non-GAAP subscription ARR contribution margin of approximately 9%, and non-GAAP net loss per share of $(0.12) to $(0.10) on approximately 201 million weighted-average shares. Full-year FY2026 guidance: subscription ARR of $1,439M–$1,443M, revenue of $1,280M–$1,282M, non-GAAP subscription ARR contribution margin of approximately 9%, non-GAAP net loss per share of $(0.20) to $(0.16) on approximately 197 million weighted-average shares, and free cash flow of $194M–$202M.

RBRK YoY Financials

Q3 2026 vs Q3 2025 · SEC filings Q3 2025 Q3 2026
$0$200.0M$236.2M$350.2MRevenue$180.0M$282.0MGross Profit$-54,105,799$-75,483,000Operating Income$-42,203,782$-63,829,000Net Income
$0$200.0MRevenueGross ProfitOperating IncomeNet Income

RBRK Revenue by Segment

Subscription$336.4M+52.0%
Other$12.3M
Maintenance$1.5M

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