Thu, Jun 13, 8:12 PM (86 days ago)
Rubrik, Inc.'s Q1 2025 financial report for the period ending April 30, 2024, highlights several key financial metrics and trends. The company experienced a significant increase in subscription revenue, up 59% year-over-year to $172.2 million, driven by the adoption of its Rubrik Security Cloud (RSC) platform. Total revenue rose by 38% to $187.3 million. However, the company reported a substantial net loss of $732.1 million, primarily due to a significant increase in stock-based compensation expenses following its IPO. Operating expenses surged, with research and development costs rising to $285.4 million and sales and marketing expenses increasing to $379.3 million. Despite the revenue growth, gross profit decreased by 9% to $91.3 million, and gross margin fell from 74% to 49%, impacted by higher costs associated with cloud hosting and customer support. Cash flow from operating activities was negative at $31.4 million, although the company raised $710.3 million from its IPO, net of underwriting discounts and commissions. Rubrik's cash, cash equivalents, and short-term investments totaled $606.3 million as of April 30, 2024. The company anticipates continued investment in research and development and sales expansion to drive future growth.