Rubrik, Inc.(RBRK) - 2025 Q3 - Quarterly Results

Subscription ARR and Revenue Growth - Subscription ARR grew 38% year-over-year to $1,002.3 million[1] - Revenue increased 43$236.2 million[1] - 2,085 customers with $100K or more in Subscription ARR, up 32$221.5 million, a 55% increase compared to $143.4 million in the same quarter last year[4] - Total revenue for the three months ended October 31, 2023, was$236.178 million, a significant increase from $165.604 million in the same period last year[31] - Subscription revenue for the three months ended October 31, 2023, reached$221.511 million, up from $143.363 million in the previous year[31] - Full Year 2025 Outlook: Subscription ARR between$1,057 million and $1,061 million[14] - Full Year 2025 Outlook: Revenue of$860 million to $862 million[14] Gross Margin and Profitability - GAAP gross margin was 76.2$180.032 million, compared to $131.896 million in Q3 2023, with a GAAP gross margin of 76$187.029 million, compared to $132.712 million in Q3 2023, with a non-GAAP gross margin of 79$(0.71), compared to $(1.41) in the third quarter of fiscal 2024[7] - Net loss for the three months ended October 31, 2023, was$130.910 million, compared to $86.267 million in the same period last year[31] - GAAP net loss for Q3 2024 was$(130.910) million, compared to $(86.267) million in Q3 2023, while non-GAAP net loss was$(37.782) million vs $(84.895) million in the prior year[34] Cash Flow and Liquidity - Cash flow from operations was$23.1 million, compared to $6.9 million in the same quarter last year[8] - Net cash used in operating activities for the nine months ended October 31, 2023, was$35.369 million, compared to $17.288 million in the same period last year[33] - Net cash provided by financing activities for the nine months ended October 31, 2023, was$396.100 million, compared to $96.442 million in the same period last year[33] - Free cash flow for Q3 2024 was$15.568 million, compared to $3.455 million in Q3 2023, with a free cash flow margin of 7$23.095 million, compared to $6.917 million in Q3 2023[35] - Net cash used in investing activities for Q3 2024 was$(72.139) million, compared to $(99.781) million in Q3 2023[35] - Net cash provided by financing activities for Q3 2024 was$11.726 million, compared to $95.716 million in Q3 2023[35] Balance Sheet and Financial Position - Total assets as of October 31, 2023, were$1.268691 billion, up from $873.610 million as of January 31, 2023[32] - Cash and cash equivalents as of October 31, 2023, were$103.896 million, down from $130.031 million as of January 31, 2023[32] - Proceeds from the initial public offering and underwriters' exercise of over-allotment option, net of underwriting discounts and commissions, were$815.209 million[33] - Total current liabilities as of October 31, 2023, were $816.556 million, up from$656.281 million as of January 31, 2023[32] Operating Expenses and Investments - Research and development expenses for the three months ended October 31, 2023, were $80.050 million, up from$51.372 million in the same period last year[31] - GAAP operating loss for Q3 2024 was $(124.787) million, compared to$(65.279) million in Q3 2023, while non-GAAP operating loss was $(31.218) million vs$(63.859) million in the prior year[34]