Investor Presentation Third Quarter Fiscal 2025 Copyright © Rubrik 2024 Copyright © Rubrik 2024 11 Important Notice and Disclaimers Forward-Looking Statements This presentation includes express and implied forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that are based on Rubrik, Inc.'s ("Rubrik" or the "Company") management's beliefs and assumptions and on information currently available to management. All statements other than statements of historical ...

Subscription ARR and Revenue Growth - Subscription ARR grew 38% year-over-year to $1,002.3 million[1] - Revenue increased 43% year-over-year to $236.2 million[1] - 2,085 customers with $100K or more in Subscription ARR, up 32% year-over-year[1] - Subscription revenue was $221.5 million, a 55% increase compared to $143.4 million in the same quarter last year[4] - Total revenue for the three months ended October 31, 2023, was $236.178 million, a significant increase from $165.604 million in the same period last year[31] - Subscription revenue for the three months ended October 31, 2023, reached $221.511 million, up from $143.363 million in the previous year[31] - Full Year 2025 Outlook: Subscription ARR between $1,057 million and $1,061 million[14] - Full Year 2025 Outlook: Revenue of $860 million to $862 million[14] Gross Margin and Profitability - GAAP gross margin was 76.2%, compared to 79.6% in the third quarter of fiscal 2024[5] - Subscription ARR Contribution Margin improved to (3)% from (14)% in the same quarter last year[6] - GAAP total gross profit for Q3 2024 was $180.032 million, compared to $131.896 million in Q3 2023, with a GAAP gross margin of 76% vs 80% in the prior year[34] - Non-GAAP total gross profit for Q3 2024 was $187.029 million, compared to $132.712 million in Q3 2023, with a non-GAAP gross margin of 79% vs 80% in the prior year[34] Net Loss and Earnings - GAAP net loss per share was $(0.71), compared to $(1.41) in the third quarter of fiscal 2024[7] - Net loss for the three months ended October 31, 2023, was $130.910 million, compared to $86.267 million in the same period last year[31] - GAAP net loss for Q3 2024 was $(130.910) million, compared to $(86.267) million in Q3 2023, while non-GAAP net loss was $(37.782) million vs $(84.895) million in the prior year[34] Cash Flow and Liquidity - Cash flow from operations was $23.1 million, compared to $6.9 million in the same quarter last year[8] - Net cash used in operating activities for the nine months ended October 31, 2023, was $35.369 million, compared to $17.288 million in the same period last year[33] - Net cash provided by financing activities for the nine months ended October 31, 2023, was $396.100 million, compared to $96.442 million in the same period last year[33] - Free cash flow for Q3 2024 was $15.568 million, compared to $3.455 million in Q3 2023, with a free cash flow margin of 7% vs 2% in the prior year[35] - Net cash provided by operating activities for Q3 2024 was $23.095 million, compared to $6.917 million in Q3 2023[35] - Net cash used in investing activities for Q3 2024 was $(72.139) million, compared to $(99.781) million in Q3 2023[35] - Net cash provided by financing activities for Q3 2024 was $11.726 million, compared to $95.716 million in Q3 2023[35] Balance Sheet and Financial Position - Total assets as of October 31, 2023, were $1.268691 billion, up from $873.610 million as of January 31, 2023[32] - Cash and cash equivalents as of October 31, 2023, were $103.896 million, down from $130.031 million as of January 31, 2023[32] - Proceeds from the initial public offering and underwriters' exercise of over-allotment option, net of underwriting discounts and commissions, were $815.209 million[33] - Total current liabilities as of October 31, 2023, were $816.556 million, up from $656.281 million as of January 31, 2023[32] Operating Expenses and Investments - Research and development expenses for the three months ended October 31, 2023, were $80.050 million, up from $51.372 million in the same period last year[31] - GAAP operating loss for Q3 2024 was $(124.787) million, compared to $(65.279) million in Q3 2023, while non-GAAP operating loss was $(31.218) million vs $(63.859) million in the prior year[34]

Group 1 - The analysis focuses on the growth prospects of companies and utilizes the Discounted Cash Flow (DCF) model for valuation [1] - Insights are provided on cash flow generation under various business models, indicating a thorough examination of financial performance [1] Group 2 - No stock or derivative positions are held by the analyst in the companies mentioned, ensuring an unbiased perspective [2] - The article reflects the author's opinions and is not influenced by compensation from any company [2] - There is no business relationship with any of the companies discussed, further supporting the independence of the analysis [2] Group 3 - Past performance is noted as not guaranteeing future results, emphasizing the need for careful consideration in investment decisions [3] - The article does not provide specific recommendations or advice regarding investment suitability for individual investors [3] - The views expressed may not represent the overall stance of Seeking Alpha, highlighting the diversity of opinions among analysts [3]

Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.Our " ...

Table of Contents _________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2024 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 ch ...

Rubrik Reports Second Quarter Fiscal Year 2025 Financial Results • Results exceeded all guided metrics • Subscription ARR grew 40% year-over-year to $919.1 million • Revenue grew 35% year-over-year to $205.0 million • 1,969 customers with $100K or more in Subscription ARR, up 35% year-over-year • Company raises full year guidance across all metrics Palo Alto, California, September 9, 2024 – Rubrik, Inc. (NYSE: RBRK), the Zero Trust Data Security™ company, today announced financial results for the second qua ...

Table of Contents _________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2024 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 c ...

Revenue Growth - Subscription Annual Recurring Revenue (ARR) reached $856.1 million, up 46% year over year[1] - Total revenue for the first quarter was $187.3 million, reflecting a 38% increase compared to the previous year[1] - Subscription revenue specifically was $172.2 million, a 59% increase from $108.4 million in Q1 fiscal 2024[4] - The number of customers contributing $100K or more in Subscription ARR increased to 1,859, up 41% year over year[10] - Net new Subscription ARR was $72 million, representing a 32% year-over-year growth[3] - Full year 2025 Subscription ARR is projected to be between $983 million and $997 million[17] - Subscription ARR for the twelve months ended April 30, 2024, was $856,051,000, up from $587,454,000 in the previous year[38] Financial Performance - GAAP net loss per share was $(11.48), compared to $(1.49) in the same quarter last year[7] - Net loss for the quarter was $732.1 million, compared to a net loss of $89.3 million in the same quarter of the previous year[34] - The company reported a net cash used in operating activities of $31.4 million for the quarter, compared to $17.5 million in the same period last year[36] - Free cash flow for Q1 2024 was $(37,123,000), a decline from $(23,246,000) in Q1 2023, resulting in a free cash flow margin of (20%) compared to (17%) in the previous year[37] Operating Expenses - Operating expenses surged to $816.2 million, a significant increase from $184.4 million in the prior year, driven by higher R&D and sales and marketing costs[34] - The company reported a significant increase in research and development operating expenses on a GAAP basis, rising to $285,379,000 from $46,266,000 in Q1 2023[37] - Non-GAAP operating expenses for the twelve months ended April 30, 2024, totaled $834,504,000, an increase from $703,103,000 in the previous year[38] Profitability Metrics - Gross profit for the quarter was $91.3 million, compared to $99.8 million in the same quarter last year, reflecting a decrease in gross margin[34] - GAAP total gross profit for Q1 2024 was $91,336,000, down from $99,849,000 in Q1 2023, resulting in a GAAP total gross margin of 49% compared to 74% in the previous year[37] - Non-GAAP total gross profit for Q1 2024 increased to $141,153,000, with a non-GAAP total gross margin of 75%, unchanged from Q1 2023[37] - GAAP operating loss for Q1 2024 was $(724,837,000), significantly higher than $(84,596,000) in Q1 2023, while non-GAAP operating loss was $(93,589,000) compared to $(84,106,000) in the prior year[37] - The net loss on a GAAP basis for Q1 2024 was $(732,091,000), compared to $(89,273,000) in Q1 2023, with a non-GAAP net loss of $(100,961,000) versus $(88,799,000) last year[37] Market Outlook - The company expects second quarter revenue to be between $195 million and $197 million[16] - The total addressable market is projected to reach $53 billion by 2027, with significant segments including $6.9 billion in Cloud Security and $11.1 billion in Backup and Recovery Software by 2024[32] - The company anticipates continued growth in its subscription services, supported by its Zero Trust Data Security™ framework[33] New Initiatives - Rubrik announced the launch of DSPM Everywhere, a comprehensive cyber resilience offering[12]