Rubrik, Inc. (NYSE:RBRK) stock jumped in Thursday's extended trading after the company released its Q3 earnings report, beating expectations on the top and bottom lines.  Here's a look at the details in the report. RBRK stock is moving. Watch the price action here.The Details: Rubrik reported quarterly adjusted earnings of 10 cents per share which beat the consensus estimate for losses of 17 cents. Quarterly revenue came in at $350.17 million which beat the Street estimate of $319.25 million and was up from ...

Financial Performance - Subscription ARR grew 34% year-over-year to $1.35 billion as of October 31, 2025[5] - Total revenue increased 48% year-over-year to $350.2 million, with subscription revenue at $336.4 million, a 52% increase from $221.5 million in Q3 FY 2025[6] - Total revenue for the three months ended October 31, 2025, was $350,166,000, representing a 48.2% increase from $236,178,000 in the same period of 2024[29] - Subscription revenue for the nine months ended October 31, 2025, reached $899,008,000, up 53.6% from $585,021,000 in the prior year[29] - Gross profit for the three months ended October 31, 2025, was $282,029,000, compared to $180,032,000 for the same period in 2024, indicating a gross margin improvement[29] - Non-GAAP total gross profit for the nine months ended October 31, 2025, reached $766,853, compared to $485,949 in the same period of 2024, reflecting a 57.8% growth[35] - GAAP total gross margin improved to 81% in Q3 2025 from 76% in Q3 2024, while non-GAAP total gross margin increased to 83% from 79%[35] Cash Flow and Financial Position - Free cash flow reached over $76 million, compared to $15.6 million in Q3 FY 2025[6] - Cash and cash equivalents increased to $307,100,000 as of October 31, 2025, from $186,331,000 at the beginning of the year[31] - The company reported a net cash provided by operating activities of $189,863,000 for the nine months ended October 31, 2025, compared to a cash outflow of $35,369,000 in the prior year[33] - Proceeds from the issuance of convertible senior notes amounted to $1,129,875,000, contributing to the company's financing activities[33] - The company reported a net cash used in investing activities of $(109,760) for Q3 2025, compared to $(72,139) in Q3 2024[37] Customer Growth and Market Position - The number of customers with $100K or more in subscription ARR increased by 27% year-over-year to 2,638[6] - Deferred revenue increased to $968,167,000 as of October 31, 2025, compared to $777,135,000 at the beginning of the year, indicating strong future revenue potential[31] Guidance and Outlook - Fourth quarter revenue guidance is between $341 million and $343 million[11] - Full year 2026 revenue outlook is projected between $1,280 million and $1,282 million[11] - Non-GAAP net loss per share for Q4 FY 2026 is expected to be between $(0.12) and $(0.10)[11] Operational Efficiency - Operating expenses for the nine months ended October 31, 2025, totaled $1,009,365,000, down from $1,439,068,000 in the previous year, reflecting a reduction in costs[29] - Non-GAAP operating expenses for the nine months ended October 31, 2025, were $1,014,253, compared to $887,818 in 2024, reflecting a 14.3% increase[37] - Operating cash flow margin improved to 24% in Q3 2025 from 10% in Q3 2024, indicating enhanced operational efficiency[37] Loss and Margin Improvement - Net loss for the nine months ended October 31, 2025, was $261,862,000, a decrease from $1,039,931,000 in the same period of 2024[29] - Non-GAAP net income for Q3 2025 was $22,853, compared to a loss of $37,782 in Q3 2024, showing a positive turnaround[36] - GAAP net loss per share for Q3 2025 was $(0.32), an improvement from $(0.71) in Q3 2024[36] - GAAP gross margin improved to 80.5%, up from 76.2% in Q3 FY 2025[6] Product Development and Partnerships - Launched Rubrik Agent Cloud to enhance Enterprise AI Agent adoption and risk management[6] - Expanded partnership with CrowdStrike to improve identity security and resilience against cyber threats[11]

Core Insights - Rubrik (RBRK) is set to announce its third-quarter fiscal 2026 results on December 4, with expected revenues between $319 million and $321 million, indicating a year-over-year growth of 35% to 36% [1][9] - The Zacks Consensus Estimate for revenues stands at $320.93 million, reflecting a year-over-year increase of 35.88% [1][2] - The consensus estimate for loss is 17 cents per share, which has widened by a penny over the past month, compared to a loss of 21 cents per share in the same quarter last year [2] Revenue and Growth Expectations - Rubrik's fiscal third-quarter performance is anticipated to benefit from its strong position in the growing cyber resilience market and increasing demand for data security solutions [3] - The company has shown robust subscription Annual Recurring Revenue (ARR) growth, with a 27% year-over-year increase in customers with over $100K in subscription ARR, totaling 2,505 customers as of July 31, 2025 [4] - Cloud ARR grew by 57% year-over-year, reaching $1.1 billion, driven by the adoption of the Rubrik Security Cloud platform, which is expected to positively impact the upcoming quarter's performance [4][6] Subscription ARR and Margins - For the third quarter of fiscal 2026, Rubrik expects a non-GAAP subscription ARR contribution margin of approximately 6.5% [5] - The company anticipates subscription ARR growth in the upcoming quarter, with net new subscription ARR contributing approximately 21% to 22% of the full-year net new subscription ARR [5] Clientele and Partnerships - Rubrik's expanding clientele includes major players like Amazon Web Services (AWS), CrowdStrike, and Microsoft, which has been a key growth catalyst [12] - In November 2025, Rubrik announced a collaboration with AWS to enhance cyber resilience, integrating Rubrik's Preemptive Recovery Engine and Security Cloud with AWS's secure infrastructure [13] - The company also announced that Rubrik Agent Cloud will work with Microsoft Copilot Studio, facilitating secure scaling of AI agents [14] Competitive Landscape - Despite its expanding clientele, Rubrik faces stiff competition from Fortinet, which is enhancing its cybersecurity ecosystem [18] - Fortinet's partnership with Armis aims to provide a unified security ecosystem, increasing competition in the cybersecurity market [19] Market Performance - Rubrik shares have declined by 30.1% over the past six months, underperforming the broader Zacks Computer and Technology sector, which returned 27.8% [7] - The company's stock is considered to have a stretched valuation, with a forward 12-month Price/Sales ratio of 9.07X, significantly higher than the industry's 4.87X [10]

NAEGELI Showcases Cybersecurity Leadership with RubrikDecember 01, 2025 11:00 AM EST | Source: APGPortland, Oregon--(Newsfile Corp. - December 1, 2025) - NAEGELI Deposition & Trial, a nationwide leader in court reporting and litigation support services, continues to demonstrate its commitment to advanced legal technology and client data protection through a high-profile partnership with cybersecurity firm Rubrik. As part of this collaboration, NAEGELI was invited to speak at Rubrik's renowned ...

Core Insights - Wall Street analysts forecast a quarterly loss of -$0.17 per share for Rubrik, Inc. (RBRK), representing a year-over-year increase of 19.1% in losses. Revenue is expected to reach $320.93 million, reflecting a 35.9% increase compared to the same quarter last year [1]. Earnings Estimates - Over the past 30 days, the consensus EPS estimate has been adjusted upward by 1.8%, indicating a collective reassessment by covering analysts [2]. - Revisions to earnings estimates are crucial for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3]. Revenue Projections - Analysts predict 'Revenue- Subscription' will reach $309.06 million, indicating a year-over-year change of +39.5% [4]. - 'Revenue- Other' is expected to be $10.44 million, showing a +1.1% change from the prior-year quarter. Conversely, 'Revenue- Maintenance' is projected at $1.57 million, reflecting a significant year-over-year decline of -63.8% [5]. - 'Cloud ARR' is projected to reach $1,136,975, contrasting with the year-ago figure of $768,838 [5]. Key Company Metrics - The combined assessment suggests 'Subscription ARR' will likely reach $1,321,722, compared to $1,002,252 in the same quarter last year. Additionally, 'Customers with $100K or more in Subscription ARR' is expected to reach 2,650, up from 2,085 in the same quarter last year [6]. - Over the past month, Rubrik, Inc. shares have recorded a return of -7.9%, while the Zacks S&P 500 composite changed by -0.5%. The company holds a Zacks Rank 3 (Hold), indicating it is likely to perform in line with the overall market in the upcoming period [6].

Rubrik Inc. (NYSE:RBRK) is one of the best new stocks to invest in. On November 18, Berenberg analyst Rahul Chopra initiated coverage of Rubrik with a Buy rating and $114 price target. This decision was made as Berenberg initiated coverage on the cybersecurity sector, Rubrik among other top picks. Berenberg believes that Rubrik offers the most direct exposure to the data explosion and AI themes, driven by strong data-based upselling. Earlier in its Q3 2025 earnings report, Rubrik disclosed surpassing $1 b ...

Core Insights - Rubrik Inc. (NYSE:RBRK) is recognized as a promising stock with significant upside potential, particularly following the announcement of two new offerings aimed at enhancing cyber resilience for enterprises [1] Group 1: New Offerings - Rubrik introduced the Intelligent Business Recovery for Microsoft 365, which enhances traditional data recovery methods by providing automated, business-aware recovery that restores critical users and their associated data across Microsoft 365 applications [2] - The DevOps Protection for Azure DevOps & GitHub addresses the need to protect intellectual property and artifacts within modern DevOps platforms, which are increasingly targeted by cyberattacks. This offering aims to secure the entire software and AI development lifecycle [3] Group 2: Company Overview - Rubrik Inc. provides data security solutions globally, serving various sectors including financial, retail, transportation, energy, healthcare, technology, and public sectors [4]

Core Insights - Rubrik has introduced a new capability called Rubrik Agent Rewind, which allows companies to monitor, control, and "rewind" unwanted actions of their AI agents [1] - The campaign for this new feature features the artist Ludacris, highlighting a creative approach to marketing [1] Company Overview - Rubrik is focusing on enhancing its AI capabilities by providing tools that allow users to manage AI agent behaviors effectively [1] - The collaboration with Thinkmojo and director Ron Small indicates a strategic partnership aimed at innovative marketing [1] Industry Context - The introduction of AI agents in companies is becoming more prevalent, leading to the need for tools that can manage and mitigate unintended actions [1] - The campaign reflects a growing trend in the tech industry to address concerns related to AI behavior and control [1]

Group 1: DraftKings and Flutter Entertainment - Wells Fargo initiated coverage of DraftKings (DKNG) with an Equal Weight rating and a price target of $31, expressing a bullish outlook on domestic online sports betting growth but indicating a wait for a better entry point due to near-term pressures and competition [1] - Flutter Entertainment (FLUT) was also initiated with an Overweight rating by Wells Fargo [1] Group 2: Carnival and Cruise Line Industry - Carnival (CCL) received an Overweight rating and a price target of $37 from Wells Fargo, which views the cruise sector as the most compelling within its gaming, leisure, and lodging coverage [1] - Norwegian Cruise Line (NCLH) and Royal Caribbean (RCL) were similarly initiated with Overweight ratings by Wells Fargo [1] Group 3: Cybersecurity Companies - Berenberg initiated coverage of Okta (OKTA) with a Buy rating and a price target of $145, considering both Okta and SentinelOne (S) as misunderstood stories with potential for re-rating [1] - CrowdStrike (CRWD) was initiated with a Hold rating and a price target of $600, with Berenberg noting that the market has already priced in its position at the top of the revenue duration curve [1] - Berenberg also started coverage of Rapid7 (RPD) and Qualys (QLYS) with Hold ratings [1] Group 4: Optical Communications - Mizuho initiated coverage of Lumentum (LITE) with an Outperform rating and a price target of $290, highlighting its role as a leading supplier in optical communications and lasers, benefiting from surging demand in artificial intelligence [1]

Core Viewpoint - Oppenheimer has initiated coverage on several technology companies, highlighting their potential in the evolving landscape of data storage, cloud computing, and cybersecurity, with varying ratings based on their growth prospects and market positions [1] Group 1: Pure Storage (PSTG) - Oppenheimer initiated coverage with an Outperform rating and a price target of $120, citing Pure Storage as a beneficiary of the increasing creation and storage of unstructured data for AI applications [1] - The company is expected to gain market share in the all-flash array market due to its technological advantages and is expanding its customer base to include tier-1 and tier-2 hyperscalers [1] Group 2: Akamai (AKAM) - Oppenheimer initiated coverage with an Outperform rating and a price target of $100, believing Akamai will benefit from trends in AI inferencing within cloud computing and API security in cybersecurity [1] - The transformation of Akamai is seen as a key factor in enhancing its growth profile [1] Group 3: Fastly (FSLY) - Oppenheimer initiated coverage with a Perform rating, acknowledging recent operational improvements but remaining cautious until a strong continuation in performance is observed [1] Group 4: NetApp (NTAP) - Oppenheimer initiated coverage with a Perform rating, recognizing NetApp as a leading provider of data storage solutions [1] - The company is currently facing near-term growth challenges, particularly in the US Public Sector and EMEA regions [1] Group 5: Rubrik (RBRK) - Oppenheimer initiated coverage with a Perform rating, agreeing with consensus on Rubrik's product differentiation and market opportunity [1] - The neutral view is attributed to increasing competition in cyber-resilience and the belief that the stock is fairly valued at its current growth trajectory [1]