Rapid7 (RPD) Q2 2025 Earnings
How Did RPD Stock React to Q2 2025 Earnings?
S&P 500 over the same 30 days: +2.36%.
Did RPD Beat Earnings? Q2 2025 Results
Yes. Rapid7 reported Q2 2025 earnings of $0.58 a share on Aug 7, 2025, beating the $0.44 consensus estimate by 30.8%. Revenue was $214.2M against a $212.1M estimate.
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.
- 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
“Our Detection and Response business remains a consistent growth engine, and we are encouraged by growing customer interest in our Command Platform strategy.”
Rapid7 CEO, on the earnings call
What Was Rapid7's Outlook in Q2 2025?
For Q3 2025, Rapid7 guides revenue of $215–$217 million (flat to 1% YoY growth), non-GAAP operating income of $29–$31 million, and non-GAAP EPS of $0.44–$0.47 on 75.8 million diluted shares. For full-year 2025, the company expects ARR of $850–$865 million (1–3% growth), revenue of $853–$863 million (1–2% growth), non-GAAP operating income of $125–$135 million, non-GAAP EPS of $1.90–$2.03, and free cash flow of $125–$135 million.
RPD YoY Financials
| Metric | Q2 2025 | Q2 2024 | Year over year |
|---|---|---|---|
| Revenue | $214.2M | $208.0M | +3.0% |
| Gross Profit | $151.1M | $147.0M | +2.8% |
| Operating Income | $3.5M | $5.2M | −33.1% |
| Net Income | $8.3M | $6.5M | +27.5% |
RPD Revenue by Segment
RPD Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.