Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 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 Commission File Number: 001-37496 RAPID7, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 35-2423994 (State or other j ...

Rapid7 Inc. (NASDAQ:RPD) Q1 2024 Earnings Conference Call May 7, 2024 4:30 PM ET Company Participants Elizabeth Chwalk - Director of Investor Relations Corey Thomas - Chairman & Chief Executive Officer Timothy Adams - Chief Financial Officer Conference Call Participants Fatima Boolani - Citi Saket Kalia - Barclays Michael Richards - RBC Capital Markets Gray Powell - BTIG Arturo Saavedra - Morgan Stanley Mark Cash - Raymond James Zachary Schneider - Robert Baird Patrick Colville - Scotiabank Patrick O'Neill ...

Rapid7 (RPD) reported $205.1 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 12%. EPS of $0.55 for the same period compares to $0.16 a year ago.The reported revenue represents a surprise of +0.49% over the Zacks Consensus Estimate of $204.1 million. With the consensus EPS estimate being $0.54, the EPS surprise was +1.85%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expect ...

Rapid7 (RPD) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.85%. A quarter ago, it was expected that this cybersecurity company would post earnings of $0.48 per share when it actually produced earnings of $0.72, delivering a surprise of 50%.Over the last four quarters, the company ...

Exhibit 99.1 Rapid7 Announces First Quarter 2024 Financial Results | | Three Months Ended March 31, | | | | | --- | --- | --- | --- | --- | | | 2024 2023 | | % Change | | | | (dollars in thousands, except for customer data) | | | | | Annualized recurring revenue | $ $ 727,853 | 807,196 | | 11 % | | Number of customers | 11,034 | 11,462 | | 4 % | | ARR per customer | $ $ | 70.4 | 66.0 | 7 % | rapid7.com • Annualized recurring revenue ("ARR") of $807 million, an increase of 11% year-over-year • Total revenue ...

BOSTON, April 03, 2024 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced the winners of its 2024 Partner of the Year Awards. "Rapid7's Partner of the Year Awards program is an important way for us to recognize the contributions of our global partner community," said Alex Page, vice president of global channel and emerging technology sales, Rapid7. "The collaborative nature of these relationships gives our joint customers access to the market-leadi ...

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, 2023 OR ☐ 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 001-37496 ___ ...

Financial Data and Key Metrics Changes - Rapid7 ended 2023 with $806 million in ARR, growing 13% year-over-year, and exceeded revenue, operating income, and free cash flow guidance [28][74] - Full year revenue reached $778 million, a 14% increase from the previous year, with product revenue also growing 14% to $740 million [74][100] - Operating income for the year was $102 million, reflecting an over 800 basis points margin expansion, and free cash flow was $84 million, representing an 11% free cash flow margin [33][74] Business Line Data and Key Metrics Changes - The company saw strong demand for its integrated security operations platform, particularly in detection and response and cloud security solutions [28][32] - ASPs increased due to larger deals tied to package offerings, with a balanced contribution from new and existing customers [6][28] - Professional services revenue declined by 10% to $10 million as the company deemphasized lower-value services [100] Market Data and Key Metrics Changes - International revenue grew 21% year-over-year, representing 23% of total revenue, while North America revenue grew 9%, accounting for 77% of total revenue [100] - The company expects total ARR for 2024 to be between $885 million and $895 million, indicating a growth of 10% to 11% [75] Company Strategy and Development Direction - Rapid7 is focused on building a leadership position in the extended SOC by integrating and contextualizing more data across digital attack surfaces [3][70] - The company aims to drive cloud security adoption in mainstream enterprises and enhance its AI capabilities to improve security operations [30][71] - Investments are being made to strengthen the managed SOC and expand the partner ecosystem, particularly in managed services [29][97] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the macro environment being stable, with a focus on delivering strong free cash flow growth and maintaining high confidence in ARR growth [38][70] - The company is prepared for a potentially noisy market but believes it can achieve growth through strategic investments and operational efficiency [70][125] - Management highlighted the importance of funding for security projects and the need for customers to continue investing in security solutions [113] Other Important Information - The company has rightsized its cost structure, resulting in a decline in sales and marketing expenses to 32% of revenue, down from 38% the previous year [7] - The focus on operational efficiency and streamlining costs has positioned the company for durable growth in the medium to long term [4][33] Q&A Session Summary Question: Can you discuss the assumptions in the 2024 guidance regarding conversion rates and the macro environment? - Management indicated that they are focused on high confidence in their guidance, with a strategy to ensure they can exceed targets if market conditions improve [11][12] Question: What are the catalysts for increasing customer count and ARR growth? - Management emphasized a strategic approach to growing customer count, focusing on quality over quantity, and leveraging partnerships to drive growth [22][60] Question: How does the company plan to address the declining customer count? - Management stated that they aim to grow strategically and focus on enhancing the value proposition for existing customers while expanding the partner network [22][24] Question: What is the outlook for net new ARR in 2024? - Management expects net new ARR additions to be flat to slightly down, but they have growth levers in place to potentially exceed this outlook if market conditions are favorable [63][115] Question: How is the company addressing the competitive landscape in the mid-market? - Management noted that the mid-market remains stable and healthy, with adjustments made earlier to align with market expectations [126]

Rapid7 (RPD) reported $205.27 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 11.3%. EPS of $0.72 for the same period compares to $0.35 a year ago.The reported revenue represents a surprise of +1.86% over the Zacks Consensus Estimate of $201.52 million. With the consensus EPS estimate being $0.48, the EPS surprise was +50.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stree ...

Rapid7 (RPD) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 50%. A quarter ago, it was expected that this cybersecurity company would post earnings of $0.42 per share when it actually produced earnings of $0.50, delivering a surprise of 19.05%.Over the last four quarters, the company ...