Rapid7

RPD Q2 2025 Earnings

Reported Aug 7, 2025 at 4:05 PM ET · SEC Source

Q2 25 EPS

$0.58

BEAT +30.84%

Est. $0.44

Q2 25 Revenue

$214.2M

BEAT +1.01%

Est. $212.1M

vs S&P Since Q2 25

-78.8%

TRAILING MARKET

RPD -63.7% vs S&P +15.1%

Market Reaction

Did RPD Beat Earnings? Q2 2025 Results

Rapid7 delivered a stronger-than-expected second quarter, posting non-GAAP diluted EPS of $0.58 against a consensus estimate of $0.44, a beat of 30.84%, while revenue of $214.19 million edged past expectations by 1.01% and grew 3.0% year-over-year. T… Read more Rapid7 delivered a stronger-than-expected second quarter, posting non-GAAP diluted EPS of $0.58 against a consensus estimate of $0.44, a beat of 30.84%, while revenue of $214.19 million edged past expectations by 1.01% and grew 3.0% year-over-year. The primary engine behind the result was product subscriptions revenue, which climbed 4% to $208.10 million, more than offsetting a sharp 23% decline in professional services. Annualized recurring revenue reached $840.61 million, up 3% from a year ago, as the company's customer base grew to 11,643. Perhaps as telling as the headline numbers was the cash generation story, with operating cash flow surging to $47.54 million from $32.86 million in Q2 2024, a sign analysts noted points to earnings quality well above what statutory figures suggest. UBS lifted its price target on the stock following the print, maintaining a Buy rating. Looking ahead, Rapid7 guided Q3 revenue of $215 to $217 million and set full-year free cash flow expectations of $125 to $135 million, signaling steady if measured forward momentum.

Key Takeaways

  • Detection and Response business remains a consistent growth engine
  • Growing customer interest in the Command Platform strategy
  • Product subscriptions revenue grew 4% YoY to $208 million
  • Rest of world revenue grew 10% YoY
  • Strong free cash flow of $42 million, up from $29 million YoY
24/7 Wall St

RPD YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

24/7 Wall St

RPD Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26
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RPD Revenue by Geography

With YoY comparisons, source: SEC Filings

Q2 25 Q3 25

“Our Detection and Response business remains a consistent growth engine, and we are encouraged by growing customer interest in our Command Platform strategy.”

— Corey Thomas, Q2 2025 Earnings Press Release