Mon, Jun 9, 10:02 AM (7 days ago)
### Summary of Rubrik, Inc. (RBRK) Q1 2026 Financial Health and Performance **Overview:** Rubrik, Inc. (RBRK) reported its financial results for the fiscal quarter ended April 30, 2025. The company continues to focus on securing the world's data, emphasizing cyber resilience and data security across various platforms. **Revenue and Profit Margins:** - **Total Revenue:** $278.5 million, up 49% year-over-year. - **Subscription Revenue:** $265.7 million, up 54% year-over-year. - **Maintenance Revenue:** $2.3 million, down 59% year-over-year. - **Other Revenue:** $10.5 million, up 11% year-over-year. - **Gross Profit:** $218.0 million, up 139% year-over-year. - **Gross Margin:** 78%, up from 49% year-over-year. **Cash Flow:** - **Net Cash Provided by Operating Activities:** $39.7 million, a significant improvement from $(31.4) million year-over-year. - **Net Cash Provided by Investing Activities:** $34.2 million, up from $40.7 million year-over-year. - **Net Cash Provided by Financing Activities:** $15.3 million, down from $362.2 million year-over-year. **Earnings Changes:** - **Net Loss:** $(102.1) million, improved from $(732.1) million year-over-year. - **Net Loss Per Share:** $(0.53), improved from $(11.48) year-over-year. **Quarterly Performance Discussion:** - **Revenue Growth:** Driven by growth in Subscription ARR and benefits from customers exercising or forfeiting their Subscription Credits. - **Cost of Revenue:** Decreased primarily due to lower stock-based compensation expense. - **Operating Expenses:** Research and development, sales and marketing, and general and administrative expenses all decreased significantly due to lower stock-based compensation expense. - **Cash Flow:** Improved due to higher sales, offset by higher expenses and changes in contract terms. **Trends and Uncertainties:** - **Subscription ARR:** Grew by 38% year-over-year, with 2 percentage points from transitioning maintenance customers to subscription editions. - **Cloud ARR:** Grew by 60% year-over-year. - **Average Subscription Dollar-Based Net Retention Rate:** Over 120%. - **Customers with $100,000 or More in Subscription ARR:** 2,381, up 28% year-over-year. **Future Operations Impact:** - **Revenue Fluctuations:** Expected due to the transition of customers to RSC and the exercise or forfeiture of Subscription Credits. - **Operating Expenses:** Expected to increase as the business grows. - **Cash Flow:** Expected to fluctuate due to changes in new business growth and contract terms. **Conclusion:** Rubrik, Inc. showed significant improvement in its financial health and performance for Q1 2026. The company's focus on subscription revenue and cost management has driven growth, despite uncertainties in the market. The future outlook remains positive, with continued investment in research and development, sales and marketing, and general and administrative functions.