Core Insights - Rapid7, Inc. reported a slower start to 2025 than anticipated but maintains a clear strategy and confidence in long-term opportunities [2] - The company is focusing on investments in Managed Detection and Response (MDR), accelerating Exposure Command adoption, and enhancing its go-to-market strategy to improve Annual Recurring Revenue (ARR) in the latter half of the year [2] Financial Performance - ARR reached $837.2 million, a 4% increase year-over-year [3][4] - Total revenue for Q1 2025 was $210.3 million, up 3% from $205.1 million in Q1 2024 [3][4] - Product subscriptions revenue was $203.9 million, reflecting a 4% increase year-over-year [3][4] - Professional services revenue decreased by 23% to $6.3 million [3] - GAAP net income was $2.1 million, with a net income per share of $0.03 [3][4] Operational Metrics - The number of customers increased to 11,685, a 2% rise from 11,462 in the previous year [3] - ARR per customer grew to $71.6 thousand, up from $70.4 thousand [3] - Free cash flow for the quarter was $24.7 million, down from $27.5 million in Q1 2024 [4][5] Guidance for Future Performance - For Q2 2025, ARR is expected to be between $850 million and $880 million, with year-over-year growth of 1% to 5% [7] - Total revenue guidance for the full year 2025 is projected between $853 million and $863 million, with a similar growth rate of 1% to 2% [7] - Non-GAAP income from operations is anticipated to be between $125 million and $135 million for the full year [7] Recent Business Developments - Rapid7 launched several new products and services, including unified threat-informed remediation and Managed Detection & Response for Enterprise [8] - The company appointed three new members to its Board of Directors to enhance operational efficiency and drive long-term shareholder returns [8] - Plans for expansion in India include opening a global capacity center to serve as a Security Operations Center and innovation hub [8]

Core Insights - Wall Street analysts forecast that Rapid7 (RPD) will report quarterly earnings of $0.35 per share, reflecting a year-over-year decline of 36.4% and anticipated revenues of $208.45 million, which is an increase of 1.6% compared to the previous year [1] Earnings Estimates - Over the last 30 days, there has been an upward revision of 1.9% in the consensus EPS estimate for the quarter, indicating a collective reconsideration by covering analysts [2] - Changes in earnings estimates are crucial for predicting potential investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock price performance [3] Revenue Projections - Analysts estimate 'Revenue- Professional services' at $6.80 million, a decrease of 16.9% from the prior-year quarter [5] - The average prediction for 'Revenue- Products' is $202.25 million, reflecting an increase of 2.7% from the previous year [5] Key Metrics - The combined assessment suggests 'Annualized recurring revenue' will likely reach $840.83 billion, up from $807.20 billion year-over-year [6] - Analysts project the 'Number of customers' to reach 11,631, compared to 11,462 in the previous year [6] - 'ARR per customer' is expected to be $72,342.91, an increase from $70,400 in the same quarter last year [7] - 'Non-GAAP Gross Profit- Products' is forecasted to be $152.07 million, compared to $148.80 million year-over-year [7] Stock Performance - Over the past month, Rapid7 shares have recorded returns of -0.9%, while the Zacks S&P 500 composite has changed by +11.3% [7] - Based on its Zacks Rank 3 (Hold), RPD is expected to perform in line with the overall market in the upcoming period [7]

Core Insights - Rapid7, Inc. has announced significant enhancements to its Command Platform, focusing on unified threat-informed remediation and AI-assisted automated detection and response, aimed at improving security outcomes for organizations [1][2]. Group 1: Enhancements to Command Platform - The new version of the Command Platform provides security teams with platform-level remediation capabilities across exposure management and threat detection, enhancing visibility and collaboration [1]. - Integrated remediation of vulnerabilities is now available, whether from Rapid7's own scanner or third-party tools, along with AI-powered prioritization for threat investigation [3]. - Active Remediation with Velociraptor allows Rapid7 to act on behalf of customers to remove malicious artifacts, effectively responding to threats before they escalate into incidents [3]. Group 2: Addressing Security Challenges - Security teams are facing an expanding attack surface and a fragmented approach to security tools, necessitating automated remediation across the entire ecosystem [2]. - The enhancements aim to transform exposure and threat remediation processes by proactively identifying and prioritizing critical exposures [2]. Group 3: Key Features of the Command Platform - Unified Vulnerability Management allows organizations to consolidate risk signals across various security tools, enabling better prioritization and streamlined remediation [4]. - Fully Integrated Automation in the Remediation Process reduces administrative overhead and improves communication efficiency, speeding up remediation efforts [4]. - The AI-Powered Triage feature provides security analysts with visibility into AI decision-making, enhancing trust and integration of automation into workflows [4]. Group 4: Financial Protection and Support - The Breach Protection Warranty offers up to $1,000,000 in coverage for Managed Threat Complete (MTC) Ultimate customers, covering expenses related to cyberattacks [4]. - Rapid7's service includes unlimited incident response, simplifying breach response planning and reducing financial complexity for customers [4].

Core Insights - Rapid7 has launched a new Managed Detection & Response (MDR) service specifically designed for large enterprises, addressing the unique demands of complex and distributed environments [1][2] - The new MDR for Enterprise service offers customizable detection and response capabilities, filling visibility gaps that standard MDR services may leave in sprawling digital environments [2][3] - This service emphasizes continuous collaboration between Rapid7's Security Operations Center (SOC) and the internal teams of organizations, enhancing security operations processes [3][4] Service Features - The MDR for Enterprise integrates proprietary, vertical-specific, and legacy systems into the workflow, providing comprehensive situational awareness and reducing dwell time [7] - Customized detection logic is tailored to each organization's specific tools, telemetry, and risk profile, ensuring complete visibility across unique environments [7] - Continuous monitoring extends to in-house and non-standard systems, enabling earlier detection of attacker behaviors through correlation across various layers [7] Market Demand - Large security teams are seeking more than standard detection and response approaches; they require confidence to move faster and respond smarter to evolving threats [4] - Organizations are increasingly shifting towards partnership models like Rapid7's MDR for Enterprise to keep pace with the complexities of distributed infrastructure [4] Company Overview - Rapid7 aims to create a safer digital world by simplifying and making cybersecurity more accessible, serving over 11,000 global customers [6] - The company combines cloud risk management with threat detection and response to reduce attack surfaces and eliminate threats effectively [6]

Core Insights - Rapid7, Inc. has launched Managed Detection & Response (MDR) for Enterprise, a fully managed and customizable service aimed at complex enterprise environments [1][2] - The new service addresses visibility gaps in sprawling digital environments, combining customization, flexibility, and 24/7 protection from Rapid7's global Security Operations Center (SOC) [2][3] - MDR for Enterprise enhances Rapid7's existing offerings by integrating deeply tailored detection engineering with continuous collaboration between Rapid7's SOC and the internal teams of organizations [3][4] Service Features - The service provides comprehensive situational awareness by integrating proprietary, vertical-specific, and legacy systems into the MDR workflow, which reduces dwell time and enhances return on security investments [7] - Customized detection logic is tailored to each organization's specific tools, telemetry, and risk profile, ensuring complete visibility and reducing risks from unmonitored systems [7] - Continuous threat monitoring extends to in-house and non-standard systems, enabling earlier detection of attacker behaviors through correlation across various layers [7] Market Demand - Large security teams are seeking more than standard detection and response approaches; they require confidence to act quickly and effectively against evolving threats [4] - Organizations are increasingly adopting partnership models like Rapid7's MDR for Enterprise to keep pace with distributed infrastructure and evolving security challenges [4] Company Overview - Rapid7 aims to create a safer digital world by simplifying and making cybersecurity more accessible, serving over 11,000 global customers [6] - The company focuses on uniting cloud risk management with threat detection and response to minimize attack surfaces and eliminate threats efficiently [6]

Core Insights - Rapid7 has launched Intelligence Hub, an integrated threat intelligence solution aimed at enhancing security teams' ability to detect and respond to threats more effectively [1][2] - The solution addresses significant challenges faced by security teams, including data overload, lack of context, and prioritization of threats [2][3] Industry Challenges - Two-thirds of SOC analysts reported a significant increase in security alerts over the past three years, while 70% noted a rise in the number of security tools they utilize [2] - The top three challenges identified in IDC's survey regarding threat intelligence solutions were cost (42.2%), false positives and alert fatigue (40.0%), and data quality and reliability (39.7%) [5] Features of Intelligence Hub - Intelligence Hub provides curated intelligence that minimizes false positives and enables automated responses, integrating seamlessly with existing Command Platform tools [2][7] - The solution delivers high-fidelity intelligence from various sources, including Rapid7's honeypots and proprietary research, ensuring that security teams focus on the most relevant threats [7] - Contextualized information allows security teams to prioritize threats based on industry, geography, and specific vulnerabilities, facilitating targeted remediation [3][7] Company Overview - Rapid7 aims to create a safer digital world by simplifying cybersecurity and empowering security professionals to manage modern attack surfaces [6] - The company serves over 11,000 global customers, providing comprehensive security solutions that unite cloud risk management with threat detection and response [6]

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 ...

Core Insights - Rapid7, a leader in extended risk and threat detection, announced the winners of its 2025 Partner of the Year Awards, recognizing exceptional collaboration and positive customer impact among partners [1][3] - The awards program is in its 5th year and acknowledges 24 partners across 13 categories in four major geographic regions [3] Partner Program Updates - Rapid7 introduced significant updates to its global PACT partner program, which includes tailored engagement programs, a new Partner Training Academy, and an expanded partner portal [2] - The program was rolled out to the entire channel community, including resellers, distributors, systems integrators, and service providers, through various global events [2] Regional Winners - North America Partner of the Year: SHI; Canada Partner of the Year: Softchoice; Public Sector Partner of the Year: CDW•G; Best Customer Retention Partner: GuidePoint Security; Cloud Security Partner: SHI; Detection & Response Partner: CDW; Exposure Management Partner: SHI; MSSP Partner: Novawatch; Distributor of the Year: Carahsoft; Emerging Partner: The Redesign Group [8] - EMEA Partner of the Year: Softcat; Best Customer Retention Partner: TRINEXIA South Africa; Cloud Security Partner: Saepio; Detection & Response Partner: Integrity360; Exposure Management Partner: Longwall Security; MSSP Partner: MEO; Distributor of the Year: Infinigate Deutschland GmbH; Emerging Partner: Telonic GmbH [8] - APJ Partner of the Year: DGplex; Best Customer Retention Partner: CyberRisk; Detection & Response Partner: Telstra; Exposure Management Partner: Wysetek Systems Technologists; MSSP Partner: Cythera; Distributor of the Year: APTSecure Technologies; Emerging Partner: ctrl:cyber [8] Partner Quotes - SHI expressed honor in being recognized as North America Partner of the Year, highlighting the team's dedication to delivering innovative solutions [12] - Softcat emphasized the strength of its partnership with Rapid7, reflecting over a decade of collaboration [12] - DGplex noted the recognition as APJ Partner of the Year as a testament to its team's commitment to innovative cybersecurity solutions [12]

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]