BOSTON, April 15, 2025 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ: RPD), a leader in extended risk and threat detection, today announced that the company will release its first quarter 2025 financial results on Monday, May 12, 2025, after the financial markets close. The company will host a conference call that same day to discuss its results and business outlook at 4:30 p.m. Eastern Time. The call will be accessible by telephone at +1 888-330-2384 (toll-free) or +1 240-789-2701 with the event code 8484206. T ...

Annual channel awards program honors Rapid7 partners' excellence in cybersecurity product and services delivery, customer retention, and more Rapid7 recently announced significant updates to its global PACT partner program, uniting and energizing partners with tailored engagement programs and specializations, an all-new Partner Training Academy, and a modernized and expanded partner portal. The new program was rolled out to Rapid7's full channel community, which includes resellers, distributors, systems int ...

Company Overview - Rapid7, Inc. is a leader in extended risk and threat detection, focusing on cybersecurity solutions that simplify and enhance security for organizations [8] - The company serves over 11,000 global customers, providing comprehensive security solutions that unite cloud risk management and threat detection [8] Board of Directors Changes - Rapid7 announced the appointment of three new members to its Board of Directors: Wael Mohamed, Mike Burns, and Kevin Galligan, expanding the Board to 11 directors [1][2] - These appointments are expected to enhance the company's leadership and execution capabilities, aligning with its growth strategy [2][3] Strategic Goals - The company aims to accelerate its growth and enhance operational efficiency through the expertise of the new board members [2] - Rapid7 is focused on delivering cutting-edge solutions in AI-driven threat detection, cloud security, and exposure management, positioning itself for sustainable and profitable growth [2] Cooperation Agreement - Rapid7 has entered into a cooperation agreement with JANA Partners Management, LP, which includes support for all of Rapid7's director nominees at the upcoming annual shareholder meeting [1][2] Expertise of New Board Members - Wael Mohamed brings over 30 years of experience in cybersecurity and digital transformation, having held leadership roles in various technology companies [4] - Mike Burns has more than 25 years of senior leadership experience in finance and operations within high-growth public technology companies [5] - Kevin Galligan has 18 years of experience in investing and driving shareholder value, currently serving as a Partner and Director of Research at JANA Partners [6]

Core Insights - Rapid7, Inc. is expanding its operations in India by opening a new Global Capability Center (GCC) in Pune, aimed at driving AI innovation and enhancing cybersecurity operations [1][2][3] Group 1: Expansion Plans - The GCC in Pune will open in April 2025, focusing on providing 24x7 security operations coverage for global customers [2] - The new office will prioritize hiring talent to foster product and service innovation in cyber operations and build a local cybersecurity talent pipeline [2][3] Group 2: Leadership Statements - Corey Thomas, CEO of Rapid7, emphasized that the expansion into India is crucial for enhancing security operations leadership and customer-centric innovation [3] - Swami Nathan, Rapid7's country manager for India, expressed excitement about leading the new hub and the opportunities for team members to impact customer security [3] Group 3: Engagement Initiatives - Rapid7 will host three Security Day events in May 2025 in Mumbai, Delhi, and Bangalore to engage with corporate, academic, and government leaders on cybersecurity challenges and advancements [4] - These events will focus on topics such as Continuous Threat Exposure Management (CTEM) and Managed Extended Detection and Response (MXDR) [4] Group 4: Company Overview - Rapid7 is committed to creating a safer digital world by simplifying cybersecurity and empowering security professionals [6] - The company serves over 11,000 global customers, integrating cloud risk management with threat detection and response [6]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________ FORM 10-K ____________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Indicate by check mark whether the r ...

Latest features designed to protect sensitive data across multi-cloud environments, drive effective prioritization and accelerated remediation of exposures with AI-driven risk scoring and integrated asset contextBOSTON, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Rapid7 (NASDAQ: RPD), a leader in extended risk and threat detection, today announced new innovations to its Exposure Management offering. These latest features further enhance the Rapid7 Command Platform, delivering unmatched attack surface visibility and u ...

Company Overview February 12, 2025 1 FINANCIAL SCALE GLOBAL SCOPE MASSIVE Opportunity to Consolidate SecOps $54bn+ Total Addressable Global Customers Market Disclaimers This presentation contains forward-looking statements. All statements contained in this presentation other than statements of historical facts, including, without limitation, statements regarding our market opportunity, demand for our product and service offerings, expectations regarding our annualized recurring revenue (ARR), free cash flow ...

Financial Data and Key Metrics Changes - Rapid7 ended 2024 with $840 million in ARR, growing 4% year-over-year, and revenue of $844 million, which is a 9% increase from the previous year [10][36][39] - Operating income for the year was $164 million, representing a 19% operating margin, an expansion of over 600 basis points from the prior year [40] - Free cash flow for 2024 was over $150 million, with a free cash flow margin of 18%, an increase of over 800 basis points from the previous year [41] Business Line Data and Key Metrics Changes - The detection and response business generated over $400 million in ARR, showing double-digit growth in 2024 [12][23] - The risk and exposure management business is gaining momentum, with over 20% year-over-year growth in total pipeline generation during Q4 [13] - ARR per customer grew 2% year-over-year to approximately $72,000, indicating continued customer expansion within the platform [38] Market Data and Key Metrics Changes - International revenue grew 14% year-over-year, accounting for 25% of total revenue, while North America grew 3% and made up 75% of the mix [42] - The company noted a shift in the vulnerability management landscape, with traditional VM facing secular decline due to increased cloud migration [26][78] Company Strategy and Development Direction - The company is focusing on innovation in its detection and response offerings and expanding its partner ecosystem, with 80% to 90% of new ARR booked through channels [14][25] - Rapid7 aims to establish a new SOC and innovation center in India to accelerate investments and improve operational efficiency [34] - The strategy is to consolidate exposure management and managed detection response, positioning the company to compete effectively for VM and cloud security budgets [27][112] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the foundational work completed in 2024, which positions the company for more consistent execution and sustainable growth in 2025 and beyond [17][21] - The company expects ARR growth of 4% to 6% in 2025, primarily driven by the detection and response business [32][46] - Management acknowledged potential challenges from resource-constrained customers, particularly in healthcare and local government sectors [100] Other Important Information - The company identified a stock-based compensation error that required a correction but did not affect ARR, reported revenue, or free cash flow metrics [51] - Rapid7 plans to host an Analyst Day later in the year to provide deeper insights into its business and strategy [34] Q&A Session Summary Question: Clarification on ARR for detection and response - Management confirmed that the detection and response business is growing in the mid-teens, with the remainder of ARR coming from a mix of cloud, VM, and legacy products [55][56] Question: Margin outlook for Managed D&R - Management indicated that overall product gross margins will remain stable in the mid-70s range, but managed services will have lower gross margins due to labor components [59][60] Question: Value proposition in cloud security - Management emphasized the focus on integrated exposure management to reduce complexity and provide a comprehensive view of the attack surface, targeting under-adopted cloud security technologies [64][66] Question: Competitive environment and pricing - Management acknowledged traditional VM as a competitive pressure but noted strong early conversion rates for Exposure Command, indicating robust demand [90][92] Question: Factors influencing net new ARR growth - Management highlighted a stronger pipeline entering 2025 and the potential for upsell opportunities within the existing customer base as key drivers for net new ARR growth [102][104]

For the quarter ended December 2024, Rapid7 (RPD) reported revenue of $216.26 million, up 5.4% over the same period last year. EPS came in at $0.48, compared to $0.72 in the year-ago quarter.The reported revenue represents a surprise of +1.89% over the Zacks Consensus Estimate of $212.25 million. With the consensus EPS estimate being $0.50, the EPS surprise was -4.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expec ...

Rapid7 (RPD) came out with quarterly earnings of $0.48 per share, missing the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4%. A quarter ago, it was expected that this cybersecurity company would post earnings of $0.52 per share when it actually produced earnings of $0.66, delivering a surprise of 26.92%.Over the last four quarters, the company ...