Financial Performance - Rubrik reported quarterly losses of 15 cents per share, beating the analyst consensus estimate of losses of 32 cents [1] - Quarterly revenue was $278.48 million, exceeding the Street estimate of $260.35 million [1] Management Commentary - CEO Bipul Sinha highlighted that the first-quarter results surpassed all guided metrics, emphasizing the company's success in the cyber resilience market and the growing opportunity [2] Future Outlook - Rubrik raised its fiscal 2026 adjusted EPS guidance to a range of losses of $1.02 to losses of 96 cents, compared to the previous estimate of losses of $1.15 [3] - The company increased its fiscal revenue outlook to between $1.18 billion and $1.19 billion, surpassing the previous estimate of $1.16 billion [3] Subscription Metrics - Subscription ARR grew by 38% year-over-year, reaching $1.18 billion as of April 30, 2025 [4] - Subscription revenue increased by 54%, amounting to $265.7 million compared to $172.2 million in the first quarter of fiscal 2025 [4] - Non-GAAP gross margin improved to 80.5%, up from 75.4% in the first quarter of fiscal 2025 [4]

Rubrik Reports First Quarter Fiscal Year 2026 Financial Results Palo Alto, California, June 5, 2025 – Rubrik, Inc. (NYSE: RBRK), the cyber resilience company, today announced financial results for the first quarter fiscal year 2026, ended April 30, 2025. "Our outstanding first-quarter results not only surpassed all guided metrics but also underscore the power of our focused innovation and execution. We are winning the cyber resilience market, and I believe that our opportunity is bigger than ever," said Bip ...

Financial Performance - Subscription Annual Recurring Revenue (ARR) reached $1181 million, demonstrating a year-over-year growth of 38%[15] - Cloud ARR grew significantly to $972 million, marking a 60% year-over-year increase[41] - The company's Non-GAAP Gross Margin was 81% in Q1 FY26[41] - The Average Subscription Dollar-Based Net Retention Rate (NRR) exceeded 120%[41] - Customers generating $100k or more in Subscription ARR increased to 2381[41] Guidance - The company projects Subscription ARR to be between $1380 million and $1388 million for the full fiscal year 2026[72] - Total revenue is expected to be in the range of $1179 million to $1189 million for fiscal year 2026[72] - The Subscription ARR Contribution Margin is forecasted to be approximately 6% for fiscal year 2026[72] - Free Cash Flow is projected to be between $65 million and $75 million for fiscal year 2026[72] Revenue Shift - Subscription revenue accounted for 93% of total revenue in Q1 FY26, compared to 92% in Q1 FY25[65]

Wall Street expects a year-over-year increase in earnings on higher revenues when Rubrik, Inc. (RBRK) reports results for the quarter ended April 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on June 5. On t ...

Industry Overview - Cybersecurity spending is projected to increase by 15% in 2025, driven by evolving threats, particularly from generative artificial intelligence applications [2] - The need for cybersecurity is expected to grow significantly in the coming years, necessitating businesses to invest more in this area [2] Company Analysis CrowdStrike - CrowdStrike is recognized as a leading player in cloud-based cybersecurity, with an annualized recurring revenue (ARR) of $4.2 billion, reflecting a 23% increase from the previous fiscal year [5] - The company offers a subscription platform composed of 29 software modules, allowing customers to customize their cybersecurity solutions [6] - The introduction of Falcon Flex aims to encourage customers to experiment with more modules, which is crucial for long-term growth, as only 21% of customers currently use eight or more modules [7][8] Rubrik - Rubrik, a newer entrant in the cybersecurity market, reported an ARR of over $1 billion, marking a 39% increase [11] - The company focuses on providing secure solutions for data recovery and preparation against attacks, complementing the offerings of companies like CrowdStrike [10] - Rubrik has recently begun generating positive free cash flow, indicating operational efficiency and potential for scaling [12] Palo Alto Networks - Palo Alto Networks offers a comprehensive range of hardware and software solutions, with a strong focus on acquisitions to enhance its product portfolio [13][14] - The company reported a 34% year-over-year growth in ARR for Next-Generation Security, reaching over $5 billion, and a 19% increase in remaining performance obligations to $13.5 billion [15] - The outlook for Palo Alto Networks remains strong, making it a significant player in the cybersecurity sector [15] Valuation Insights - The valuation of Rubrik is considerably lower than that of CrowdStrike, while being comparable to Palo Alto Networks, suggesting potential for higher growth rates for Rubrik due to its smaller size [16] - Rubrik is considered riskier due to its newcomer status, but it may offer better long-term value for investors willing to take on that risk [17]

Core Insights - Rubrik and Rackspace Technology have launched the Rackspace Cyber Recovery Service, a managed service aimed at enhancing cyber resilience for enterprises operating in public cloud environments [1][2][3] - The service combines Rubrik's data protection and cyber recovery solutions with Rackspace's DevOps principles, enabling faster recovery from ransomware attacks through automated workflows and secure data restoration [1][4] Company Overview - Rubrik is a leading cyber resilience company focused on securing data across enterprise, cloud, and SaaS applications, utilizing Zero Trust Data Security to help organizations maintain business resilience against cyber threats [7] - Rackspace Technology specializes in end-to-end hybrid cloud and AI solutions, assisting customers in modernizing applications and managing cloud environments effectively [6] Service Features - The Rackspace Cyber Recovery Service employs Infrastructure as Code and platform engineering principles to facilitate the restoration of critical workloads across multi-cloud environments [4] - Key features include proactive protection through continuous anomaly detection, expert management of backup configurations, cloud management services, improved compliance with data retention policies, and advisory services for strategic implementation [5] Industry Context - The increasing complexity of cloud environments and the rise in cyber attacks necessitate a shift from traditional recovery methods to modern approaches that leverage cloud-native tools and automation [2][3] - A report from Rubrik Zero Labs indicates that 90% of global IT and security executives experienced cyber attacks in the past year, highlighting the urgent need for effective cyber resilience strategies [2]

Group 1 - Rubrik, Inc. (NYSE: RBRK) is positioned for significant growth by merging data and identity resiliency into a single platform [1] - There is an increasing demand for agentic AI within the enterprise environment, indicating a favorable market trend for the company [1] Group 2 - The analyst, Michael Del Monte, has over 5 years of experience in equity analysis and a decade in professional services across various industries [1]

Core Insights - Louis Stevens is a highly regarded investment analyst with a background as a former U.S. Army engineer officer, holding an MBA and a BA in political science [1] - He founded L.A. Stevens Research and developed the LAS Index, which has consistently outperformed market indices since its inception [2] Company Overview - L.A. Stevens Research is focused on providing investment research and analysis, catering to a diverse audience from beginners to seasoned professionals [2] - The LAS Index is a proprietary basket of stocks selected through a unique investment methodology, demonstrating strong performance relative to traditional indices [2]

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents For the fiscal year ended January 31, 2025 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_________to ________ Commission File Number: 001-42028 RUBRIK, INC. (Exact name of registrant as specified in its charter) ________________________ ...