Companies /Technology

Rubrik, Inc.

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

Q4 2026 Earnings

Reported Mar 12, 2026, 4:20pm ET · SEC source
$0.04
Beat +136.87%
EPS · est. $-0.11
$377.7M
Beat +10.31%
Revenue · est. $342.4M
−9.6%
Trailing market
RBRK vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−6%−4%−2%0Mar 12Mar 13report 4:20pm ETearnings−0.5%−5.4%
−6%−4%−2%0Mar 12Mar 13earnings−0.5%−5.4%
RBRK −5.4%S&P 500 −0.5%
−6%−4%−2%0Mar 12Mar 13report 4:20pm ETearnings−0.6%−5.4%
−6%−4%−2%0Mar 12Mar 13earnings−0.6%−5.4%
RBRK −5.4%NASDAQ −0.6%
−10%−5%0+5%Mar 11Mar 20report 4:20pm ETearnings−1.9%−10.5%
−10%−5%0+5%Mar 11Mar 20earnings−1.9%−10.5%
RBRK −10.5%S&P 500 −1.9%
−10%−5%0+5%Mar 11Mar 20report 4:20pm ETearnings−1.9%−10.5%
−10%−5%0+5%Mar 11Mar 20earnings−1.9%−10.5%
RBRK −10.5%NASDAQ −1.9%
−1.09%
Day of report
−3.29%
Next session
−7.77%
One week
−3.87%
30 days

S&P 500 over the same 30 days: +5.68%.

Did RBRK Beat Earnings? Q4 2026 Results

Rubrik delivered a standout fourth quarter of fiscal 2026, posting revenue of $377.68 million, up 46.3% year-over-year and ahead of the $342.37 million consensus by 10.31%, while swinging to a non-GAAP EPS of $0.04 against expectations of a $0.11 loss, a beat of 136.87%. The engine behind the quarter was the company's accelerating subscription model, with total Subscription ARR reaching $1.46 billion, up 34% year-over-year, fueled by $115 million in net new subscription ARR additions during Q4 alone. Gross margins expanded meaningfully, with non-GAAP gross margin improving to 83.7% from 79.7% a year ago, reflecting growing operating leverage as the platform scales. A deepening partnership with Microsoft, including new identity security integrations, underscored Rubrik's broadening enterprise relevance heading into the new fiscal year. Looking ahead, the company guided full-year FY2027 revenue of $1.60 billion to $1.61 billion and free cash flow of $265 million to $275 million, signaling sustained profitability momentum after full-year free cash flow surged to $237.84 million in fiscal 2026.

Key Takeaways
  • Subscription ARR grew 34% year-over-year to $1.46 billion
  • Record $115 million in net new subscription ARR in Q4
  • Subscription revenue grew 50% year-over-year in Q4
  • Non-GAAP gross margin improved to 83.7% from 79.7% year-over-year
  • Subscription ARR contribution margin improved to 11.6% from 2.1%
  • 2,805 customers with $100K+ Subscription ARR, up 25% year-over-year
  • Revenue included $18 million from material rights

“The acceleration in net new subscription ARR growth in Q4 at our scale demonstrates that Rubrik is an increasingly critical platform for the AI era. We are moving beyond traditional data security to 'mission control' for the AI enterprise—delivering risk and recovery critical to safely scale AI transformations.”

Rubrik CEO, on the earnings call

Forward Guidance & Outlook

For Q1 FY2027, Rubrik guides revenue of $365 million to $367 million, non-GAAP subscription ARR contribution margin of 10%-11%, non-GAAP net loss per share of $(0.04) to $(0.02), and weighted-average shares outstanding of approximately 204 million. For full year FY2027, the company guides Subscription ARR of $1,829 million to $1,839 million, revenue of $1,597 million to $1,607 million, non-GAAP subscription ARR contribution margin of approximately 13%, non-GAAP net income per share of $0.07 to $0.27, weighted-average shares outstanding of approximately 232 million, and free cash flow of $265 million to $275 million.

RBRK YoY Financials

Q4 2026 vs Q4 2025 · SEC filings Q4 2025 Q4 2026
$0$200.0M$400.0M$258.1M$377.7MRevenue$199.6M$308.0MGross Profit$-63,834,948$-82,379,000Operating Income$-69,964,602$-86,966,000Net Income
$0$200.0M$400.0MRevenueGross ProfitOperating IncomeNet Income

RBRK Revenue by Segment

Subscription$364.9M+50.0%
Other$12.8M
Maintenance

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