Exhibit 99.1 Rapid7 Announces Fourth Quarter and Full-Year 2024 Financial Results Boston, MA – February 12, 2025 – Rapid7, Inc. (Nasdaq: RPD), a leader in extended risk and threat detection, today announced its financial results for the fourth quarter and full-year 2024. "As we reflect on 2024, I'm proud of the progress we made to position Rapid7 for long-term growth and success. We achieved $840 million in ARR and delivered over $150 million in free cash flow, while advancing our strategic priorities to in ...

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 ...

BOSTON, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ:RPD), a leader in extended risk and threat detection, today announced that it has launched a new PACT Partner Program to equip partners with tools, training, and resources to meet the expanding security needs of customers in an increasingly complex global threat landscape. The new PACT Program will deliver a supportive and structured program for partners to help customers take command of their attack surface. Working with the full channel commun ...

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 ...

Recognition underscores Rapid7’s ongoing commitment to LGBTQ+ workplace equality and inclusionBOSTON, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Rapid7, Inc., (NASDAQ: RPD), a leader in extended risk and threat detection, has received a score of 100 on the Human Rights Campaign Foundation’s (HRCF) 2025 Corporate Equality Index, the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality. Rapid7’s DEI (Diversity, Equity, and Inclusion) philosoph ...

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 ...