Core Insights - Rapid7, Inc. reported a strong performance in 2024, achieving $840 million in Annual Recurring Revenue (ARR) and over $150 million in free cash flow, indicating solid growth and operational efficiency [2][4]. Financial Performance - ARR increased by 4% year-over-year, reaching $839.8 million as of December 31, 2024 [3][4]. - Total revenue for the year was $844 million, a 9% increase from $777.7 million in 2023 [4]. - Product subscriptions revenue also grew by 9% year-over-year, totaling $808.9 million [4]. - The company reported a GAAP operating income of $35 million for the full year, a significant recovery from a loss of $84.3 million in the previous year [4][5]. - Non-GAAP operating income for the year was $164 million, up from $102.2 million in 2023 [4][5]. Customer Metrics - The number of customers increased to 11,727, up 2% from 11,526 in 2023 [3]. - ARR per customer rose to $71.6 thousand, reflecting a 2% increase from $69.9 thousand in the prior year [3]. Profitability and Cash Flow - GAAP net income for the fourth quarter was $2.2 million, compared to $19.1 million in the same quarter of 2023 [5]. - Free cash flow for the year was $154 million, demonstrating strong cash generation capabilities [4][5]. - The company maintained a GAAP gross margin of 70% for the year, consistent with the previous year [3]. Business Highlights - Rapid7 launched its Exposure Command platform and expanded its Managed Detection and Response services, enhancing its value proposition to customers [2][7]. - The company received the "Security Vendor of the Year" award at the CRN Channel Awards 2024, highlighting its contributions to the IT security sector [7]. - Recent product enhancements included support for Microsoft security telemetry and AWS Resource Control Policies, improving threat detection capabilities [7]. Guidance for 2025 - For the first quarter of 2025, Rapid7 anticipates ARR between $870 million and $890 million, with revenue projected between $207 million and $209 million [8]. - Full-year 2025 guidance includes expected non-GAAP income from operations between $125 million and $135 million, and non-GAAP net income per share between $1.72 and $1.85 [8].

Wall Street analysts forecast that Rapid7 (RPD) will report quarterly earnings of $0.50 per share in its upcoming release, pointing to a year-over-year decline of 30.6%. It is anticipated that revenues will amount to $212.25 million, exhibiting an increase of 3.4% compared to the year-ago quarter.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this t ...

Wall Street expects a year-over-year decline in earnings on higher revenues when Rapid7 (RPD) reports results for the quarter ended December 2024. 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 earnings report, which is expected to be released on February 12, 2025, might help the stock move higher if these key numbers are better than expect ...

Core Insights - Rapid7, Inc. has launched a new PACT Partner Program aimed at enhancing partner capabilities to address the growing security needs in a complex global threat landscape [1][2] Group 1: PACT Partner Program Overview - The PACT Program is designed to provide partners with tools, training, and resources to help customers manage their attack surface effectively [1][2] - The program includes new tiers and classifications to empower various partner types under a unified framework, offering tailored engagement opportunities and clear performance expectations [3][4] - Key elements of the program include a modernized Partner Portal, tailored engagement programs, and a new Partner Training Academy [5] Group 2: Partner Engagement and Support - The modernized Partner Portal facilitates deeper engagement and real-time collaboration, featuring a redesigned interface that supports the entire customer lifecycle [5] - Tailored engagement programs include new specializations such as MSSP Specialization and Service Delivery Specialization, aimed at enhancing operational efficiencies and providing tech resources [5] - The Partner Training Academy offers competency-based courses and certifications to equip partners with practical skills and technical knowledge, enhancing their ability to meet customer needs [5] Group 3: Industry Context and Growth - The launch of the PACT Program reflects Rapid7's commitment to growth and innovation in response to the evolving complexities of digital ecosystems and cybersecurity threats [4] - Partners have reported significant growth and success in collaboration with Rapid7, highlighting the importance of robust Managed Detection & Response (MDR) solutions in the current market [4]

Rapid7, Inc. Is Being Investigated For Securities Law Violations And The Schall Law Firm Urges Affected Shareholders To Reach Out ...

BOSTON, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Rapid7, Inc., (NASDAQ: RPD), a leader in extended risk and threat detection, has announced that it has achieved the In Process Designation from the Federal Risk and Authorization Management Program (FedRAMP®) for its InsightGovCloud Platform. The FedRAMP In Process designation indicates that Rapid7 is actively working towards authorization, making it an eligible and trusted Cloud Service Offering (CSO) for federal agencies. This new designation highlights Rapid7’s c ...

BOSTON, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ: RPD), a leader in extended risk and threat detection, today announced that the company will release its fourth quarter and full year 2024 financial results on Wednesday, February 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 ...

Core Insights - Rapid7, Inc. achieved a score of 100 on the Human Rights Campaign Foundation's 2025 Corporate Equality Index, indicating a strong commitment to LGBTQ+ workplace equality and inclusion [1][2][3] - The company is part of a group of 765 U.S. businesses recognized as Leaders in LGBTQ+ Workplace Inclusion, highlighting the effectiveness of its Diversity, Equity, and Inclusion (DEI) initiatives [2][3] - Rapid7 emphasizes the importance of diverse experiences and perspectives in fostering innovation to address complex security challenges [3] DEI Philosophy - Rapid7's DEI philosophy is based on the belief that everyone deserves equal opportunities for career development, and that diversity is crucial for the company's growth and success [2] - The company is committed to creating a workplace where all employees feel valued and empowered, reflecting its core value of continuous improvement in DEI efforts [3] Corporate Equality Index (CEI) - The 2025 CEI has expanded to include 1,449 participants, up from 319 in its first year, demonstrating significant growth in corporate participation [4] - A record 98% of CEI businesses now have non-discrimination protections specific to gender identity, showcasing a broader commitment to LGBTQ+ rights in the workplace [4][5] - The CEI evaluates companies based on four pillars: non-discrimination policies, equitable benefits, inclusive culture, and corporate social responsibility [5] Company Overview - Rapid7 is focused on creating a safer digital world by simplifying cybersecurity and making it more accessible, serving over 11,000 global customers [7] - The company integrates cloud risk management with threat detection and response to enhance security measures [7]

Rapid7 (RPD) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a changin ...

Rapid7 (RPD) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.The power o ...