PART I. FINANCIAL INFORMATION [Condensed Consolidated Financial Statements (Unaudited)](index=5&type=section&id=Item%201.%20Condensed%20Consolidated%20Financial%20Statements%20(Unaudited)) This section presents the unaudited condensed consolidated financial statements for Q1 2025, including balance sheets, statements of operations, cash flows, and notes on accounting policies, acquisitions, debt, and a prior period error correction Q1 2025 Key Financial Highlights (in thousands) | Metric | Q1 2025 (in thousands) | Q1 2024 (in thousands) | | :--- | :--- | :--- | | Total Revenue | $210,253 | $205,101 | | Gross Profit | $150,773 | $144,107 | | Income (Loss) from Operations | $(101) | $9,716 | | Net Income | $2,105 | $1,406 | | Net Income per Share, Diluted | $0.03 | $0.02 | Balance Sheet Summary (as of March 31, 2025, in thousands) | Category | March 31, 2025 (in thousands) | December 31, 2024 (in thousands) | | :--- | :--- | :--- | | Total Current Assets | $732,645 | $786,111 | | Total Assets | $1,644,810 | $1,652,034 | | Total Current Liabilities | $589,155 | $630,216 | | Total Liabilities | $1,592,088 | $1,634,323 | | Total Stockholders' Equity | $52,722 | $17,711 | - An immaterial error was identified in Q4 2024 related to understated stock-based compensation expense in fiscal years 2023 and 2024, leading to a revision of comparative financial information presented[20](index=20&type=chunk)[90](index=90&type=chunk)[91](index=91&type=chunk) [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) The balance sheet as of March 31, 2025, shows total assets of **$1.64 billion** and total liabilities of **$1.59 billion**, with cash and cash equivalents at **$291.5 million** and stockholders' equity increasing to **$52.7 million** Condensed Consolidated Balance Sheets (in thousands) | Account | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $291,462 | $334,686 | | Total current assets | $732,645 | $786,111 | | Goodwill | $575,268 | $575,268 | | **Total assets** | **$1,644,810** | **$1,652,034** | | **Liabilities and Stockholders' Equity** | | | | Deferred revenue, current portion | $447,798 | $461,118 | | Total current liabilities | $589,155 | $630,216 | | Convertible senior notes non-current portion, net | $889,303 | $888,356 | | **Total liabilities** | **$1,592,088** | **$1,634,323** | | **Total stockholders' equity** | **$52,722** | **$17,711** | [Condensed Consolidated Statements of Operations](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) For the three months ended March 31, 2025, total revenue was **$210.3 million**, a **2.5%** increase, resulting in a loss from operations of **$0.1 million** and net income of **$2.1 million** Condensed Consolidated Statements of Operations (in thousands) | Account | Three Months Ended Mar 31, 2025 | Three Months Ended Mar 31, 2024 | | :--- | :--- | :--- | | Total revenue | $210,253 | $205,101 | | Total gross profit | $150,773 | $144,107 | | Total operating expenses | $150,874 | $134,391 | | Income (loss) from operations | $(101) | $9,716 | | Net income | $2,105 | $1,406 | | Net income per share, diluted | $0.03 | $0.02 | [Condensed Consolidated Statements of Cash Flows](index=10&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operating activities was **$29.8 million**, while investing activities used **$79.2 million**, ending the quarter with **$298.7 million** in cash and equivalents Condensed Consolidated Statements of Cash Flows (in thousands) | Activity | Three Months Ended Mar 31, 2025 | Three Months Ended Mar 31, 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $29,757 | $31,070 | | Net cash used in investing activities | $(79,213) | $(41,694) | | Net cash provided by financing activities | $4,732 | $4,362 | | Net decrease in cash, cash equivalents and restricted cash | $(43,390) | $(7,755) | | Cash, cash equivalents and restricted cash, end of period | $298,711 | $206,375 | [Notes to Unaudited Condensed Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) These notes detail revenue recognition, the **$51.2 million** Noetic Cyber acquisition, convertible senior notes including the **$46.5 million** 2025 redemption, an **$88 million** Israeli tax assessment, and a new **$660 million** cloud services commitment - The company acquired Noetic Cyber, Inc. on July 3, 2024, for a purchase price with an aggregate fair value of **$51.2 million**, consisting of cash, contingent consideration, and deferred payments[35](index=35&type=chunk)[39](index=39&type=chunk) - As of March 31, 2025, the company had outstanding 2.25% Notes due 2025, 0.25% Notes due 2027, and 1.25% Notes due 2029, with **$46.5 million** paid to redeem the outstanding 2025 Notes subsequent to the balance sheet date on May 1, 2025[55](index=55&type=chunk)[59](index=59&type=chunk) - In January 2025, the company amended a contract with a cloud services provider, increasing its total purchase obligation to **$660 million** over a five-year period[81](index=81&type=chunk) - The company received an initial assessment from the Israel Tax Authority (ITA) for approximately **$88 million** related to fiscal year 2021, which the company is contesting and has not recorded any impact from[86](index=86&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=27&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2025 performance, including **2.5%** revenue growth to **$210.3 million** and **$837.2 million** ARR, analyzing revenue, expenses, liquidity, and capital resources, noting sufficient funds for the next 12 months despite increased commitments Key Metrics as of March 31 | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Total Revenue (Q1, in thousands) | $210,253 | $205,101 | | Annualized Recurring Revenue (ARR, in thousands) | $837,220 | $807,196 | | Number of Customers | 11,685 | 11,462 | | ARR per Customer (in thousands) | $71.6 | $70.4 | - Total revenue increased by **$5.2 million** (**2.5%**) in Q1 2025 compared to Q1 2024, primarily driven by an **$8.1 million** increase in revenue from existing customers through renewals, upsells, and cross-sells[144](index=144&type=chunk) - Operating expenses increased by **$16.5 million** year-over-year, driven by higher personnel costs in R&D, increased commissions and marketing expenses in Sales & Marketing, and higher professional fees in General & Administrative[148](index=148&type=chunk)[149](index=149&type=chunk)[151](index=151&type=chunk) - As of March 31, 2025, the company had **$291.5 million** in cash and cash equivalents and **$301.1 million** in investments, which management believes are sufficient to meet operating and capital requirements for at least the next 12 months[156](index=156&type=chunk) [Overview](index=28&type=section&id=MD%26A%20Overview) Rapid7, a global cybersecurity provider, focuses on simplifying SecOps through its Command Platform, serving over **11,000** customers in **151** countries, with recurring revenue comprising **96%** of total revenue - The company's strategic focus is on being a leading provider of integrated security operations solutions, combining exposure management with threat detection and response[101](index=101&type=chunk)[102](index=102&type=chunk) - As of March 31, 2025, the company had over **11,000** customers in **151** countries, including **39%** of the Fortune 100[103](index=103&type=chunk) - Recurring revenue, which includes term software licenses, subscriptions, and managed services, constituted **96%** of total revenue for the three months ended March 31, 2025[107](index=107&type=chunk) [Results of Operations](index=36&type=section&id=Results%20of%20Operations) Q1 2025 total revenue increased **2.5%** to **$210.3 million**, with product subscriptions up and professional services down, while gross margin improved, operating expenses rose across all categories, leading to an operating loss Revenue Comparison (in thousands) | Revenue Type | Q1 2025 | Q1 2024 | Change $ | Change % | | :--- | :--- | :--- | :--- | :--- | | Product subscriptions | $203,935 | $196,918 | $7,017 | 3.6% | | Professional services | $6,318 | $8,183 | $(1,865) | (22.8)% | | **Total revenue** | **$210,253** | **$205,101** | **$5,152** | **2.5%** | Operating Expense Comparison (in thousands) | Expense Category | Q1 2025 | Q1 2024 | Change $ | Change % | | :--- | :--- | :--- | :--- | :--- | | Research and development | $47,888 | $41,368 | $6,520 | 15.8% | | Sales and marketing | $79,400 | $73,095 | $6,305 | 8.6% | | General and administrative | $23,586 | $19,928 | $3,658 | 18.4% | [Liquidity and Capital Resources](index=40&type=section&id=Liquidity%20and%20Capital%20Resources) As of March 31, 2025, liquidity included **$291.5 million** cash and **$301.1 million** investments, with **$29.8 million** cash from operations, significant cash used in investing, and future commitments including a **$46.5 million** note redemption and a **$660 million** cloud services obligation - Net cash provided by operating activities was **$29.8 million** for Q1 2025, compared to **$31.1 million** in Q1 2024[160](index=160&type=chunk)[162](index=162&type=chunk) - Net cash used in investing activities was **$79.2 million**, primarily for net purchases of investments (**$75.5 million**) and capitalization of internal-use software (**$3.7 million**)[164](index=164&type=chunk) - On May 1, 2025, the company paid **$46.5 million** to redeem the outstanding portion of its 2025 Convertible Senior Notes[158](index=158&type=chunk) - The company has a total purchase obligation of **$660 million** with a cloud services provider over five years, starting in 2025[157](index=157&type=chunk)[81](index=81&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=43&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company identifies foreign currency, interest rate, and inflation as primary market risks, managing foreign exchange with forward contracts, and believes none had a material effect on its financial condition as of March 31, 2025 - Foreign currency exchange risk is managed through forward contracts designated as cash flow hedges, with a hypothetical **10%** adverse change in exchange rates not expected to be material[171](index=171&type=chunk)[172](index=172&type=chunk) - Interest rate risk affects cash equivalents and investments, and while the fair value of convertible senior notes fluctuates, a hypothetical **10%** change in interest rates is not expected to be material to the financial statements[173](index=173&type=chunk)[175](index=175&type=chunk)[176](index=176&type=chunk) - As of March 31, 2025, the company does not believe that inflation had a material effect on its business, financial condition, or results of operations[177](index=177&type=chunk) [Controls and Procedures](index=43&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, concluded that disclosure controls and procedures were effective as of March 31, 2025, with no material changes to internal control over financial reporting during the quarter - The Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were effective as of March 31, 2025[180](index=180&type=chunk) - There were no changes in internal control over financial reporting during the quarter that materially affected, or are reasonably likely to materially affect, internal controls[182](index=182&type=chunk) PART II. OTHER INFORMATION [Legal Proceedings](index=45&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in ordinary course litigation and claims, with management believing the outcomes will not materially adversely affect its business or financial condition - The company states that the outcome of ordinary course legal matters is not expected to have a material adverse effect on its business[184](index=184&type=chunk) [Risk Factors](index=45&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the risk factors previously disclosed in the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 - There have been no material changes to the risk factors disclosed in the company's Annual Report on Form 10-K for the year ended December 31, 2024[185](index=185&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=45&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During the reporting period, the company had no unregistered sales of equity securities and made no purchases of its own equity securities - The company reported no unregistered sales of equity securities or issuer purchases of its equity securities during the quarter[186](index=186&type=chunk)[188](index=188&type=chunk) [Other Information](index=45&type=section&id=Item%205.%20Other%20Information) No executive officers or directors adopted, terminated, or modified a Rule 10b5-1 trading plan or any non-Rule 10b5-1 equity trading arrangement during the quarter - No executive officers or directors terminated or modified a 10b5-1 equity trading plan during the quarter[191](index=191&type=chunk) [Exhibits](index=45&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including CEO and CFO certifications and a Cooperation Agreement with JANA Partners Management, LP - A list of exhibits filed with the report is provided, including required CEO/CFO certifications and a Cooperation Agreement with JANA Partners Management, LP[193](index=193&type=chunk)

Revenue Performance - Total revenue for Q1 2025 was $210.3 million, up 3% year-over-year, with product subscriptions revenue at $204 million, also up 4%[3] - Total revenue for Q1 2025 was $210,253,000, a 2.5% increase from $205,101,000 in Q1 2024[38] - Product subscriptions revenue reached $203,935,000, up from $196,918,000 in the same period last year, reflecting a growth of 3.1%[38] - Revenue guidance for full-year 2025 is projected to be between $853 million and $863 million, with a year-over-year growth of 1% to 2%[6] - Rapid7 expects ARR for Q2 2025 to be between $850 million and $880 million, reflecting a year-over-year growth of 1% to 5%[6] Customer Metrics - The number of customers decreased by 2% to 11,462 from 11,685 in the previous year[3] Income and Profitability - Non-GAAP income from operations for Q1 2025 was $32.4 million, down from $40.3 million in Q1 2024[4] - GAAP net income for Q1 2025 was $2.1 million, compared to $1.4 million in Q1 2024, with GAAP net income per share increasing to $0.03 from $0.02[4] - Net income for Q1 2025 was $2,105,000, compared to $1,406,000 in Q1 2024, representing a 49.7% increase[38] - Non-GAAP gross profit for Q1 2025 was $157,460, up from $151,095 in Q1 2024, reflecting a growth of 4.5%[46] - Non-GAAP gross margin improved to 74.9% in Q1 2025 from 73.7% in Q1 2024[46] - Anticipated non-GAAP net income for Q2 2025 is projected to be between $31 million and $33 million[50] - Anticipated non-GAAP net income per share, diluted, for Q2 2025 is expected to be between $0.43 and $0.46[50] Cash Flow and Expenses - Free cash flow for Q1 2025 was $24.7 million, compared to $27.5 million in Q1 2024[4] - Operating expenses for Q1 2025 totaled $150,874,000, an increase from $134,391,000 in Q1 2024, marking a 12.3% rise[38] - The company incurred stock-based compensation expense of $27,151,000 in Q1 2025, compared to $25,745,000 in Q1 2024[41] - Free cash flow for Q1 2025 was $24,677, down from $27,534 in Q1 2024, a decrease of 10.1%[48] - Anticipated free cash flow for full-year 2025 is projected to be between $125 million and $135 million[51] Assets and Liabilities - Cash and cash equivalents at the end of Q1 2025 were $291,462,000, down from $334,686,000 at the end of Q4 2024[36] - Total assets decreased to $1,644,810,000 as of March 31, 2025, from $1,652,034,000 at the end of December 2024[36] - Total liabilities were $1,592,088,000 as of March 31, 2025, compared to $1,634,323,000 at the end of December 2024[36] Product Development and Expansion - In April 2025, Rapid7 launched new products including unified threat-informed remediation and Managed Detection & Response for Enterprise[5] - The company announced plans for expansion in India, including the establishment of a global capacity center[10] Future Outlook - The company anticipates continued growth in cloud-based solutions and is focused on integrating acquired companies to enhance market position[32]

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]